Ayala Pharmaceuticals Inc (ADXS)

[cab033]

FBG, unforunately Dan does not have to worry about getting the "next" comp proposal approved because this one will remain in place for 10 years. Up to 2.5MM shares per year with the unused rolling into the next year pot. This recent management award is the new norm and will continue until the comp is sold. There is no longer a rush for Dan to generate SH value for the investors because he is guaranteed hundreds of thousands of shares per year while he remains CEO. The longer he holds out the more $$$ he makes. I agree with your comment about selling the comp for $15. If anyone was in his position and had the opportunity to sell the comp tomorrow for 100 SP or wait 5-10 years and sell for the same 100 SP. which would you do if you are making $500k salary and awarding yourself 200k-300k RSU's per year. Holding out just 5 years would ADD $100MM to his net worth. Why rush to sell now? You wouldn't and he won't either! He does not care about paper gains now, he wants shares for when the BO happens. But no reason to think that will happen anytime soon. GL