It may be less illegal for the insiders to grant themselves the other kind of options. CYBX is currently getting hammered because after their device got FDA approval, while the stock was in the midst of a day-long trading halt, the board granted executives a bunch of options, using the price of the stock before it was halted. The SEC has started an informal inquiry.Quote from scriabinop23:
Which reminds me, what the the SEC limitations on insiders buying options of companies they buy before announcements?they're not actually affecting the stock price for shareholders, just screwing over fellow option gamblers.
they're not actually affecting the stock price for shareholders, just screwing over fellow option gamblers.
just in case a fourth shows up