intel01...
The options for Lee were part of his employment contract from 2007. He did participate in the SPP but held few shares so wasn't allocated many. He had the same rights to take up shares as any other shareholder and with his salary he could have taken up a much larger number and received them. It wasn't really oversubscribed was it?
It just seems like he is trying to keep the company running one week at a time to get his salary (His total for 2010 was over $551,000 with salary,bonus and other payments).
Should be a very interesting meeting next week...
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