The directors deserve the options and there should be an...

The directors deserve the options and there should be an employee share plan in place.
It's how the directors deal with the conversion and subsequent sale is the issue. There will be governance requirements around this. Given the circunstantial evidence of price drop the chairman may or may not let us know whether the transactions were within far's governance.
Don't really care whether we hear or not but I must say Far would want to keep far joy and other larger sh's onside just in case there may be inconsistencies. Matters like this always seem to raise their ugly head when the business does not meet expectations. At present Far is doing that. All my opinion.