asx query, page-8

Good to see some strength today.
Options a winner in light volume too!
Whilst the offer is in pie in the sky, the strike on the options is 50c.
Snr mgt have been on the gravy train and handing out options to themselves, therefore you would expect an offer to would be in a range for them to exercise and profit.
After all, the exec directions only increased their salary by 60%! (In the good times increase your salary, in bad times sustain at high levels to appease shareholders...lol)
At the end of the day just keep in mind what's best for the directors, play along accordingly and you'll do fine.
Mav