I think Newing’s revenue figures are quite reasonable and...

I think Newing’s revenue figures are quite reasonable and probably be exceeded.

The CEO options have two factors 1. Sales figures 2. Option strike price

if ceo achieves sales figure barely say only about $125 million over next two years - the options will vest but shareprice won’t be anywhere near $1.25 for him to excercise and not much value financially. As he is CEO, there are many restrictions placed on him trading in company shares and these options to be of much use, the shareprice must be at least 50% more than $1.25 or around $1.90 for him to excercise.

The sales figure has deliberately been kept low otherwise we shareholders had questioned the strike price being too low (e.g. if sales figure over two years was stated as $230 million or so). The strike price is reasonable as you have to leave something for the CEO after paying the strike price.

My view is that this looks quite encouraging if the things pan out normally (unless there is a black swan event)

Let’s see how the market interprets it over next few days and weeks.