you are completely missing my point;  my point was 'what if...

you are completely missing my point;  my point was 'what if directors do not have $2 mill cash laying around'

now they can take up the options and THEN sell them;  the equivalent of an 'after the fact short', but there is risk there

re the not for profit vs profit mentality....  note the superannuation reports released.... seems not for profit (industry funds) care much more (better returns) for shareholders (members)... compared to retail funds

so your comment re the behavior of directors profit v not-for-profit are demonstrably false!