I agree, all it says is that it's a long term vote of confidence shown by the Director. It's worth noting that this option exercise might have triggered a significant tax liability to be paid next year given the timing, and of course the nature of his holding in terms of his personal tax arrangements. A paper profit of 78c/share based on a June 1 price of 93c, gives him an instant windfall of $312K. So it's not just a $60,000 commitment necessarily. Good problem to have of course!
FLC Price at posting:
94.0¢ Sentiment: Buy Disclosure: Held
