As have many OTC CEOs, but this does appear a little more legitimate.
All those stock options are over the course of years
Incorrect. They will be given the option during a 5-year period to acquire shares at those prices. They don't have to space out those acquisitions.
Those prices are ridiculously low, even at today's prices. 60-80% discount? Insane. It makes "toxic funding" look attractive.
Also, outside of the word of the CEO (which of course can't be confirmed), the R/S is still on the table. In fact, the only supporting evidence is that the current rash of filings to get current are being done TO ALLOW the R/S to occur.