No shares were issued from Treasury in the month of December, 2018. There was no change in issued and outstanding share capital, nor in options outstanding. 1,976,815 warrants priced at $0.16 expired on December 9, 2018, unexercised. 240,365 warrants priced at $0.12 expired on December 19, 2018, unexercised.
IMO, that means a vote of no confidence. Insiders have no plans to indefinitely hold the bag for who knows how long.