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Re: MadScholar1 post# 133592

Saturday, 04/01/2023 3:15:15 PM

Saturday, April 01, 2023 3:15:15 PM

Post# of 145154
Added note to previous comment:

In a recent comment, I wrote that Mr Eno purchased 400K shares at the end of July 2018. Some folks tried to refute this by arguing that Eno's shares were all stock options. They were not. Sorry, foilks ... who believe and propagate this. You're just wrong.

In July 2018 Eno had 600K stock options If he had more when he was hired and reached a vesting point that he cashed out, I can't say. (I think he might have, but I'm not sure.) I can say that he purchase 400K shares in July 2018 at the market price, giving him 1M shares. We can only speculate what his motive was. Perhaps he just wanted to leave BioAmber with 1M shares.

My supposition that he intended to have 1m shares when leaving BioAmber is an Opinion. My statement that he purchased 400K shares in July 2018 is a Fact.

The only remaining question on this subject is: Being BioAmber's CEO, why would R Eno make a purchase adding to his options?

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