lordkoala,I see your point. I am sure you would know what you...

lordkoala,

I see your point. I am sure you would know what you are doing.
It would be in the director's interest to exercise the options. Which would be well above the 3cents exercise price.
To make it worth their efforts and yours... A probably strike price of above 6 cents taking into account after-tax factor.
I wouldn't even consider any less to be profitable for the work done.

Disclosing my position.. I do own GPNOA as well.

Cheers.