Bunje, the way I read it is there is just over 5M options (10% cap) left to assign under the current option agreement that runs until the fall of 2014.  It is a revolving type program with a 5 year life to options.  I would guess most of the outstanding ones are much higher than the share price so that means none will be cashed in until the share price rises.  I believe this move was to preserve the 5 Million for now and issue them some time after the repricing deal is done.  If they do not re-price they are running out of the abliity to issue more options and I see this as nothing but a greedy initiative by the board because they are unable to issue enough options at this low price.  Am I missing something? g