Below is the link to an article on cnnfn.com that discusses different types of option scandals. It was certainly illegal to do an unannounced RS and 6 days later grant yourself 3.5x the OS count with the price of the shares artificially higher. To believe the thought of issuing the shares had never occurred to them before the RS would be a ludicrous arguement for even JB to make.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.