But why would directors who exercise their options (and pay 11...

But why would directors who exercise their options (and pay 11 cents per share for doing so) be selling at anything less than something that delivers them a profit of more than a measly cent or 2 ie significantly north of 11c? Unless the directors were to believe the share price was to rise significantly above 11 cents, they would never exercise the options in the first place. I kinda get the vibe that you may not properly understand how options work...and have based a strategy on this misconception.