Joe--buying is buying. And they have the option to buy a share at .78 cents each.
Issuing options is a right, not a transaction. Where and how these came from got past me, but the good side of this is, I doubt MCG sells the company for LESS THAN 78 CENTS/SHARE. Unless of course he is forced to.
Not sure if they still have options at $1.4 but one of the selling points of the last vote was their options are set high, so they will work to put the SP in the money for their $1.4 options--- then they basically treated shareholders like poison and the stock like rotting bologna...and now they lose their tongue when asked why they aren't buying the stock...anyway, 78 cents is within reach. If the stock gets to 90-ish, they may exercise their option to buy at 78 cents, SEC rules would still apply.
Buffalo- they received options---I presume this is part of the reason why they didn't answer the question as to why THEY (mgt./insiders) are not buying a stock they feel is undervalued ( in so many words). Timing of all three of these events seems to be pointing to something: CC= strategic update, PR= material event in progress, OPTION AWARD= explains why NOT buying right now, in the current time frame.
