Bored Barrister
Yeah. Not because of no news but primarily because of the completely unjustified and abjectly stupid huge salary increases reflecting greed, arrogance, and a complete absence of managerial competence. We went from a frail penniless outfit with a promising HIV drug to a frail penniless outfit that's going to heal the world. We're selling stock at 30-35* cents a copy to keep the lights on and NP gives himself a raise from $400K to $600K. Why? A sports star said it first, he needs to put food on the table.
NP doesn't exude confidence. If he really believed his snake oil pitch, he would cut everyone's salary 30%-50%
and distribute some stock options to compensate. That's what competent believers do.
The drug seems very promising and the potential gain dwarfs the risk so I reinvested but I can't get my mind around these raises/salaries. On the other hand, why would such a promising drug that might cure/control HIV and most cancers and who knows what else be languishing at half a buck with virtually all board members sitting in a current loss position?
Probably another reason I returned was personal - I tried to buy Medarex at 7 and watched it move to 100 the first year and then onto 200 the second year.
* Sales at 50 cents less roughly 15% to friend Paulson less about 10 cents avg value of 5 yr 75 cent
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