That's a good question.If they really wanted to support the SP,...

That's a good question.

If they really wanted to support the SP, they could have made the same decision on the Con Notes, but said Jeff was intending to convert his options @17c, given he made up the vast majority of the CN.

Fair enough, he wanted half his cash back and the other half to exercise options. That would still show skin in the game.

Instead he buys himself another week to see what happens. But it's hard to imagine him exercising them now with the SP at 20c.

Jeff's last buy was at 14c back in late February, when he and other long term investors committed to VOR, bailed out Regal via a block trade.

Gary doesn't need any more shares. Given that, surely he wants them to increase in value at some stage. Otherwise ... why bother?

It's probably just me, but I think it was also poor form not to re-state the Company's cash position.after the repayment.