"They may see the share price as very cheap and want to buy or they may be satisfied that they hold a lot of options which of course are hugely out of the money right now. There has never been a move to reduce the pricing of those options and apparently (from what I was told) there is absolutely no intention to do so. Ergo there is a belief in the management camp that those options are going to hold a large payout in the future."
FJ, I agree with the above, and have likely posted something like it in the past. However, the above doesn't mean that the next set of options they are awarded won't be for a very inexpensive strike price. I trust that management is working very hard, and will feel that they have earned the right to more options. A few, maybe, hopefully not a "ship high in transit" load.