Ann: Change of Director's Interest Notice x 3, page-6

i think its fair to say that to date HMD hasnt been the investment that the founders and early investors believed/hoped it would be. When issued these options they probably thought they would be able to exercise them by selling some shares well above the exercise price. If option holders were to attempt this at large over the past month or so the i guess the SP would have tanked.

It feels like HMD is on the final leg (3 months??) before commercial validation and with a little more patience all holders (believers/dreamers/optimist's....) should see their reward...