What the FUCK did the board think they were doing awarding him options priced at ONE PENNY?
Any share options awarded to him should have been priced AT LEAST at the IPO price of 45p (ie the price that those who subscribed to the IPO had to pay - you know, the people who gave this company money to exist?), and ideally much higher to encourage him to deliver a higher share price than that at float.
Instead he got awarded 4m+ options at ONE FUCKING PENNY! No wonder he was so relaxed when the share price was tanked for the two-and-a-half years following launch - even when the price sank to 8.5p he still could have made 750% (8.5p minus the 1p option price) on his exercise price.
I hope someone comes and takes over this fucking company. £2 sounds about the right price - very affordable for a Microsoft or a Google (or a News Corp or a Yahoo! or an Apple or many many others). Then I won't have to think about this company or its management any more...
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