"Fish rot at the head" pretty defamatory comment don't you think?
No one likes to see a director selling, however Firsova your analysis is misleading.
The options might be 'free' but they are also worthless unless the owner pays to convert them. Which you know but are pretending to be unaware of and in this case the exercise price is going to be 70% above VWAP for the 5 days before they are granted?
So if for ease of calculation, the VWAP comes in at a $1, then the exercise price will be $1.70 and 250,000 times that comes in at $425,000, quite expensive free options.
Were you not aware of this when you made your critical comments or did you just think it would be better for your argument if you didn't bring it up?
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