First of all, they're never free shares. In fact, there have been times when management was upside down on the exercise of their options, if actual share price dropped below their exercise price, as we have seen.
Management would have failed shareholders, in this example, if they hadn't paid their Hercules loan. Hercules would have seized the intellectual property.
By paying off that loan, management secured our intellectual property.
If our share price dropped another $0.0271 below today's low, we would have owed Hercules our entire market cap.
The potential upside here is that any incentive to continue to drive our share price down, allowing the seizure of our intellectual property, has been blown up by management's move to pay off the loan.
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