The question has been raised as to why the directors should purchase the shares now, if in fact they have completed the purchase, instead of waiting a few years as the options expire in 2011 as someone stated. Could it be so they pay lower taxes exercising at .70 with the price at say .90 rather then pay taxes at .70 with the price at say 2.00 at a later date, hopefully not in the too distant future. I don`t think you can ever have a long term gain in these transactions. I believe you have to pay the taxes at the same time you exercise the option. I`d appreciate SGE correcting me on this if I got it wrong.