One point on the options is they act as retention devices for...

One point on the options is they act as retention devices for senior management, if your opinion of management is positive then no doubt others in the industry would be interested in some of our talent.

That said, how much would an up and coming company with limited networks in China want an executive like AT? Having a load of options in the money or with significant upside potential would make poaching executives that much more difficult.