not happy john...part ii, page-4

I recall it has been mentioned that JH went without a salary for something like 10 years putting this all together.

It seems completely fair to me to think that firstly he believes he's got more than enough shares in the company (and remember those free options need to be converted eventually), and secondly that he should need at least some of his own pay to live on and make up for the lean times in the past.

Also, remember, that while he could buy shares now through the RI, if he were to sell them at any point while he is a director, it would be announced, and immediately seen as bad times ahead for the company. (when Directors sell people dump, I'm sure).

So again, I think it's reasonable to consider that he might feel he has enough invested in CTP, and that further investment would be hard to capitalise when he wants to.

- Karl