havent seen this since cudeco , page-57

Is this even ethical? The Executive Chairman (BJ) has been buying EVGOA options like there's no tomorrow even though they are way out of the money and expire at the end of the year. Now he gets virtually free options (1 for 2) extended for another 2 years with a much more reasonable strike price of 15c. How would the recent sellers feel, particularly if they had sold to him? I realise he cannot vote on the resolution.

Otheriwse I think its a good deal for shareholders and option holders.