It looks like the new boys have filed their options. They have six months to report any insider transactions so this one only took a week. Let's hope that any future exercising or sales are reported in a similar fashion now that they have set the bar for themselves

If you are wondering why Parisotto and Hamilton have been granted 600,000 options each, it is because they both receive 300,000 each for being a director and another 300,000 each for being an executive.

It would have been nice if they had granted the other executives like Novak, Harvey, and Feeney (among others) some of these .80 cent incentives as there old incentives are at $3 to $5. I am sure the morale around the office is high enough that this was overlooked. (sic)

Now I know that the directors have to see the share price reach certain complicated targets (120% or 125%, ...) before they can exercise the options but that does not hold true I believe for the executive (co-CEO) options. The last NR states the following:

"In addition, options to acquire an aggregate of 600,000 common shares have been granted to the interim co-CEOs, at an exercise price per share of $0.80. These options vest as to 50,000 options in the aggregate each month, for twelve months for so long as the optionee occupies the office of interim co-CEO and are exercisable, to the extent vested, until November 10, 2013."

So come on boys! I know you have till November 10, 2013 to get the share price to .81 cents (in order to make a profit) but time is a wasting as your first 50K options are due to arrive December 10 and the share price is only 67 cents today.

Here is a copy of the options listing from canadianinsider.com

http://www.canadianinsider.com/coRep...

Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Nov 17/08	Nov 11/08	Hamilton, Joseph Andrew	Direct Ownership	Options common shares	50 - Grant of options	600,000	$0.800
Nov 17/08	Oct 28/08	Hamilton, Joseph Andrew	Direct Ownership	Options common shares	00 - Opening Balance-Initial SEDI Report
Nov 17/08	Nov 11/08	McKay, Keith Douglas	Direct Ownership	Options common shares	50 - Grant of options	300,000	$0.800
Nov 17/08	Oct 28/08	McKay, Keith Douglas	Direct Ownership	Options common shares	00 - Opening Balance-Initial SEDI Report
Nov 17/08	Nov 11/08	Anderson, Patrick Fergus Neill	Direct Ownership	Options common shares	50 - Grant of options	300,000	$0.800
Nov 17/08	Oct 28/08	Anderson, Patrick Fergus Neill	Direct Ownership	Options common shares	00 - Opening Balance-Initial SEDI Report
Nov 17/08	Oct 28/08	Blasutti, Darren John	Direct Ownership	Options common shares	00 - Opening Balance-Initial SEDI Report
Nov 16/08	Nov 11/08	Waisberg, Lorie	Direct Ownership	Options common shares	50 - Grant of options	300,000
Nov 16/08	Oct 28/08	Waisberg, Lorie	Direct Ownership	Options common shares	00 - Opening Balance-Initial SEDI Report
Nov 14/08	Nov 11/08	Parisotto, Paul Anthony	Direct Ownership	Options common shares	50 - Grant of options	600,000	$0.800