RE: Key Consultant 4m options?3 Aug 2018 08:15
lets assume the key consultant could have been paid in cash or shares. 4 million shares would have cost 6k at exercise price. an option out of money is worthless which suggests that the key consultant services were worth only option money which is around 10% of exercise price. Consultant chose options ,which is very positive, and increased his stake through gearing of his/her fees. The other positive is that shares were not awarded as may be insider rules prevented shares being issued. In other words, consultant is an insider of some positive news.