First up.
No one has yet defended the logic in granting the waiver. No cogent logic was presented by the board. That is just poor governance.
Second.
Once vested the excercise and sale of these options (which would be cashless) would not be disclosed to shareholders until the next financial report. The only disclosure required is for the board and bb.
So how exactly do you know that most of today's selling was not the exercise of these options?
Why waive the vesting period if you don't plan to exercise?
Look I am not saying that this is market moving stuff, just that it is indicative of a board that does not always have shareholders interests in mind. They are taking the Mickey and hoping that no one will call them on their behavior.
First up.No one has yet defended the logic in granting the...
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