Rico..

If you read the financial statement you would see that there is over 10 Million options for all employees issued at this time..

These options ALL have expiry dates on them so if the employees don't exercise them they expire..

You would also see that 200,000 options expired on Sept 8TH '09..it is possible that these may have been Mr Harrington's and the strike price on those options was $0 .20 Canadian..

You would also see that there is another 885,000 options going to expire this year on 19th of December..The strike price of these options is $0.25 Canadian.

It is possible that Mr Harrington had 200,000 options that he chose to exercise at this time also giving him a grand total of 400,000 options that he exercised at .20-.25 ..and doubled his money..

At 400,000 options strike, it would have cost him a max of $100,000.00 for 400,000shares at say... .50/share sell price or $200,000.00..giving him $100 grand profit..taxable at probably 50% tax rate netting him $50 grand..

You say...

Maybe he has good reasons for this but it certainly doesn't leave me with a warm fuzzy feeling !! Rico

Maybe if you did a little DD on our company or ask some questions to some of the more knowledgeable members on the board(Myself excluded) you may sleep better..Exercising options is just going to be an ongoing process so don't sweat it old man...Life is too short to worry about stuff like that..

Just so you sleep better,besides the 885,000 options that are going to expire this year on 19th of December..The strike price of these options is $0.25 Canadian,there is another 10 MILLION Options with different expiry dates and strike prices between $0.34 and $3.93 between now and August 20,2013...and the board of directors have the right to issue options UP TO 20% of the outstanding shares in the company,which is at this time 124 Million shares..or approximately 25 Million more options..not to be below the minimum share price of the option on the date issued.

in other words on the day the options are issued and the minimum share trading price is .48 ..the options could not have a strike price below .48 ..

Now that you have all this information,which is in the financial statement ,by the way,on page 29 para 10..Share capital..I'm sure that you will sleep much better..It is very possible that Mr Harrington needs new winter tires for his Honda Civic..

Or restock his wine cabinet..or just needs some folding cash like the rest of us and it is no reason to panic..

Normal procedure..

Have a happy trading day..

Portee