Traps, I also like to think out loud, and if I was a director that was going to purchase my options I would most likely short them before I converted. If you convert and the market goes down you are now paying taxes on income you didn't get. I am fairly confident that the SGR insiders that recently converted their options are not wealthy enough to hang on to a large position in the company while they wait for the share price to rebound, as such I would think some of the shorts could have been due to the insider activity that appears to have come to a conclusion. Don't forget to send a check to GATA, maybe they can raise enough funds for another one of those $260,000.00 newspaper ads.