Hate to rain on anyone's parade but my experience is that options are no longer the pressure tool it once was. Reason: once options lapse unexercised, management simply goes to the board and says "it wasn't my fault" and gets a new set of options, re-priced at lower strike prices (and good for another 3 years or so) and simply has another crack at it. Board's want to keep CEO's happy - they will avoid conflict. Paul will simply get a new set of options if current options lapse unexercised.
TNP Price at posting:
1.3¢ Sentiment: None Disclosure: Held
