Friday, March 15, 2024 2:22:53 PM
1. Sarissa fought tooth and nail to take control of the board.
2. Brought the stock price down to <$1
3. Issued themselves millions and millions of options at side bargain-basement prices
4. Then issue a stock buyback proclamation
Does it seem like a coincidence that as soon as Sarissa takes over, the stock price craters and THEN they issue stock options?
Interesting that KM's stock options were issued at 7.03, 5.03, 4.97, and 3.66 the prior 4 years. So he is entirely underwater.
I'll give Sarissa credit though - they are very, very good at manipulating the stock price for their benefit. And it gives me hope that they know how to manipulate it back UP when the time is right (hoping around the time of the buyback!).
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