Who wouldn't exercise 10c options in his position??
He could dump them all on market at .18/.175 and make a quick 750-800k. Its unlikely to happen but it puts into perspective why he would have purchased them as they are already well and truly in the money.
I don't see the announcement as being overly positive. Had he purchased on market or converted his 20c options as others suggested, then I would be getting more excited.
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