Seelos Therapeutics Inc (SEEL)

[DavenCT]

I wonder what excuse the useless BoD will use when they decide to reprice the just repriced options?

"Due to market conditions, we find it useful to retain high-performance executives by lowering the exercise price of all outstanding option grants to twenty-five cents. This will ensure the high-performance executives are well-compensated for their effective leadership and dedication to increasing shareholder value.

As an addendum, 'the bar' which is usually raised to measure strong performers has been lowered so that even a mouse with two broken legs could get over it.

Pascoe's new measurements of achievement will include:
- parking in his assigned space without touching the lines
- able to open the door to his office building by himself
- able to answer his telephone without assistance
- able to negotiate the cafeteria without help
- turning the lights on in the office
- being able to turn on his computer by himself
- being able to name the company he works for without using notes
- and other criteria that the BoD may decide as indicative of superior leadership ability
"


What was the name of the company that sold F to us? Boy did they make the deal of the century! Now we know why THEY didn't run with it. They knew something...