director exercised opts four yrs before expiry, page-2

Noellyn,

It doesn't make any sense, does it????

There can be only two reasons for that:

1) he wants to flog the shares off, at a profit, while the sp price is higher than the exercise price, or

2) there could be some sort of placement in the line and, he wants to take advantage of owning more shares to get the benefit. With options, you can't get entitlement to share placements.

I can stand correcting on that, and, I am open to suggestions!!!!!

Buddy134