Not sure I understand your last paragraph. No one is leaving any $ 20 dollar bill on the table. What they did is on purpose ignore buy outs and reset the balance sheet to make another go at growing the hell out of this company during another oil bull run - because they think it will make them a lot more money.
I agreed it's shitty they gave themselves options @ $ 0,75 w/o own insider buying but it will just as much be self serving to make that into as much money as they can.
Just w/o risking their own money.
Is it fair. No.
Will they still try their damn hardest to boost this baby back up as O&G prices increase and their debt is gone. You bet!