dustoff12, i just got off the phone with robert chamberlain, and he explained to me what the form 4s issued tonight represent. these are options the directors granted themselves at an exercise price of $1.50 to purchase 1M shares each.
what this means is that when the stock price was .42 they issued themselves the option to buy stock at $1.50, a full $1.08 higher than the market price. only when the stock gets to $1.50 will they be "in the money".
furthermore, when they purchase these options it will result in $4.5M in paid in capital, and they will only count in the OS if they are exercised.
i view this as very bullish. our management team is quite confident the price will be back up to $1.50 and beyond. otherwise these options would have no value.
three cheers for the deep down execs..! :)
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