I guess you missed this one by Wolfie -

"Then Carlton Johnson purchased 250,000 options @ .01 and Gloria Felcyn purchased 250,000 options @ .01 all on the same day, 6/03/2010."

Exercise price was actually .1, not .01. The stock traded that day in the .09-.1 range, so the options were not in the money. Kind of puts a whole different twist on the transactions than how wolf portrayed them doesn't it.