I think, to be fair, what we witnessed was that the higher up in the company, the lower you got. All the junior directors went first at higher prices and as the market adjusted the bigger boys found a home for their much larger positions. We still haven't seen Hugh sell anything and we shouldn't be surprised if he doesn't. My guess is that he is making enough money off the drilling and beer sales at the San Antonio, he doesn't need any money. If you look at the excercise prices, it also appears that the junior directors keep up to date with their selling and the senior members convert and sell when they have to convert. Is it public domain to see how many options each director has left and what the excercise prices are? I am sure Goodman knows and it appears that he does't want to pay any more for them than he has to. Dale's sale was very close to the bottom.