In May 1989, non-statutory stock options were granted by the Company to four key executive officers for the purchase of shares of common stock. At December 31, 2014 and 2013, options on 767,500 shares were outstanding and exercisable at prices ranging from $1.00 to $1.25. According to their terms, the options have no expiration date.
That's about $42 million in options that the company could be on the hook for - half of the company's market capitalization. Can you say RISK? That's why no one will touch this stock, and neither will I.