You see these options,,,
(TSX-Venture CUU) is pleased
to announce that the Board of Directors of the Company has approved an
incentive stock option plan to Employees, Officers, Consultants and Directors
of the Company. The option grants are comprised of two components. The first
component is a grant to Contractors for a total purchase of 1,050,000 shares
at an exercise price of $0.78 per share,(which represents a 20% discount to
the market price on February 23, 2007 of $0.97 and is the maximum allowed
pursuant to the rules of the TSX-Venture Exchange) expiring February 25, 2012.
The second component is a grant to Officers, Employees and Directors for a
total purchase of 1,535,000 shares at an exercise price of $0.97 per share
(market price as at February 23, 2007) expiring February 25, 2012.
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Elmer has 100,000 at 0.97
Mike has 225,000 at 0.97
Cam Grundstrom has 600,000 at 0.78
Hector has 100,000 at 0.97
Cathy has 50,000 at 0.97
These are all executive insiders....
These options had an expiry date of Feb 25th 2012. None have exercised their options (because they can't). The options have not expired....because the exipry date has been pushed until their blackout released.....
Based on the Feb25th expiry date..this blackout has been on MINIMUM 2 months.....
Without the options we would not have figured it out. The black out could have been on much longer.