My biggest concern with this transaction is that if one knew a permit was likely to come soon, why would they divest options now? I don't think there is anyone more in the "know" about what is likely to transpire so this does not instill confidence. Likely a large fund felt the same and dumped the 6 million plus share sell this morning

Even if Fung got the high of the day yesterday he only raised less than $200k capital and took a $670k+ "loss".

The only explanation I would accept is if he sold them to raise cash to pay those who were supposed to recieve options some cash bonuses to keep them on board. Somehow I doubt that is the reason but one can hope.

Does anyone know of another reason why Fung would be "forced" to divest?