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Even more accurately.... 1. Management has made not said...

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    Even more accurately....

    1. Management has made not said anything about this quarter!
    2. There is no evidence of channel stuffing!
    3. For a given final share price, Grillo's overall tax position resulting from the grant of options is the same irrespective of the strike price!

    However, the argument seems to be that Grillo will seek to maximise his "time value of money", which is small, by manipulating down the share price. In doing so he is jeopardising his job, the future of the company and, indeed, his access to those options! Really?
 
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