Sana - your guess is as good as mine with this company. A company would normally set the options price above the current price so as to make an incentive to get the price up. Last year, I'm not sure of the timing exactly, the options were set at .50, but the price was higher at the time of voting, so they were already in the money, but no one exercised the options.
Peter Lloyd always issues himself 2,500,000 options it seems, and the other directors a lessor amount. Last year, Peter Lloyd got 2,500,000 and Cecil Bond got 250,000. This year PL got 2,500,000 and Cecil Bond got 2,000,000. Did he do 8 times the work as last year?
Who knows what goes on behind the scenes with these directors. They should explain WHY the numbers are what they are.
AGY Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
