RE: Option Exercise30 Jan 2019 15:59
Woodster, I think you've answered your own question in two ways. Correct, why exercise now when he could flip them at a potentially higher price any time before 2022?
Reason 1: he was forced to make the decision as part of his exit agreement. As the advfn Mensa crew have highlighted, this is standard practice and is the most likely explanation. The positive comes from the fact he has decided to exercise the option rather than letting it slide, which is what you would imagine he would do if the company was going nowhere.
Reason 2: He wants to flip them for an immediate profit. Possible but as people have highlighted on this board, why do that and make the statement he has made at end of RNS, not to mention a relatively meagre profit?
Reason 1 looks the most likely and is therefore a bullish sign...imo