In the end, EE and ES run the show. The current SP doesn't matter to them. The final buyout price does. And in the end that is why CUU is the place to stash your cash.

I've said the same myself numerous times - they care about the final price more than the current price. The problem is - they shouldn't be rewarded (i.e. extend INCENTIVE options) for not caring about the current price. THE WHOLE POINT of the option is to work towards keeping the share price above the option price so they can profit from the difference.