You said:...

"...and it would be very unusual to grant options based on the speculation of what the future results may be.

I didn't see any justification for the current options."?!?...

How can you say that?...

You have no clue as to what the management knows about " The ELEMENTS" coming together and decided to AWARD the options NOW that the pps is unjustifyably low to maximize the benefits to the recepients...

Gil...