"The fact that JW couldn't answer whether the company was committed to getting these in the money probably indicates they never were a priority in the first place."
The answer lies in the Corporations Act 2001 (Cth), etc that prohibits company executives from acting in such a way as to inflate (or deflate) the SP to suit your objective. Students of history will be aware of Poseidon Mining, the lesson from which in part informed the current legislation.
Executives also miss out on in-the-money options, both listed and unlisted.
Ann: Update - Application for quotation of securities - LPD, page-36
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