Ann: 2019 Letter to Shareholders, page-82

Because if all approvals, including Sleep Apnea are in, RAP will be in the middle of a mass commercialisation phase. 30c will be chicken feed. Yes he will sell some, but if it was me in the middle of a growth phase I would be holding as many as I could. Uni Qld could well sell out though, but they might not end up getting their performance shares.

By the way, just to annoy you all further, according to the annual reports they don't actually have to pay for the options. They are totally free.