BL has already sold everything he could get his hands on, as announced previously. The company needs to inform the market of any more option exercised or director trades. I would expect BL's outstanding options to be forfeighted on resignation. Anyone know more details on this?
The resignations are not a complete surprise to me:
1. the number of shares and options issued to each show the renumeration each expects,
2. the sale of significant volume of shares by both shows a lack of commitment to the company.
3. both have significant other interests and involvement in other companies.
4. NB had told me his investment strategy is as an early investor, after technology risk is reduced but before the product is commercially distributed. He has a large number of different investments.
Hopefully the major shareholders and founders have learnt a few lessons from this.
BL has already sold everything he could get his hands on, as...
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