Take another look.  He first sold a Million @ $0.20, then acquired a Million @ $0.20.

 

 

20/09/10 Harris, Michael Deane,
Director of Issuer
1,000,000 Acquisition or disposition in the public market at $0.20 - $0.20 per share. $205,000
20/09/10 Harris, Michael Deane,
Director of Issuer
-1,000,000 Acquisition or disposition in the public market at $0.20 - $0.20 per share. ($205,000)
26/02/10 Harris, Michael Deane,
Director of Issuer
1,000,000 Acquisition or disposition under a prospectus exemption at $0.05 - $0.05 per share. $50,000

 


Seven months previous, he acquired 1 Million shares under a prospectus exemption at $0.05 per share.

So why would he exercise ANY options at $0.20 ?  On September 20, 2010, opening price per share was $0.195.

On June 15, 2012, a total of 4,100,000 stock options at an exercise price of $0.13 per share were granted to certain of the company's independent directors, its CTO and President.  $0.13 was probably put in place by the exchange.  

 

Directors only exercise options when they can make a profit.    

Try again.