Revance Therapeutics Inc (RVNC)

[vinmantoo]

We are not “savvy investors”, and a lot of us have never sold a single share of Revance stock. We are humans first, and employees with kids, babies on the way, student loan debt, mortgages, retirement plans. Our compensation packages were initially structured where Revance stock was big financial motivator to stay. We also believe(d) in the product but not in Dustin and Mark’s strategy, yes Mark was in on it. It was a strategy I quietly questioned.

Are you talking about stock grants that never became in the money? If so, I am sorry you didn't get a big windfall but you didn't lose money you invested. Most people don't get stock grants in companies where they are employed. I have never gotten a single share when I worked in companies, not that I am upset or unhappy about it. If I did get them I would consider them as a possible windfall not count on them as money. By the way, I think companies are way too extravagant in doling out stock options and stock grants to employees.

To date I have lost almost $400k in Revance stock, I imagine some of my colleagues with bigger titles or longer stints have lost a lot more, but that’s a life changing amount of money for me.

I am sorry you have lost money, just as I am sorry for anyone else who has invested in RVNC and lost money myself included, but it isn't wise to invest in a company in which you work. That was the lesson the ENRON collapse should have driven home. If you are talking about stock grants and incentives that you were awarded and not being in the money, then you really didn't lose money because you didn't invest your own cold hard cash into RVNC. Even so, I am sure it hurts so I feel sorry for you and your co-workers.

More difficult are comments here about my colleagues losing their jobs as “cutting the fat” or “losers in marketing” or worse “good riddance”, as if applauding the indescribable loss of livelihoods and many millions in employee stock grants and purchases that have disappeared overnight.

Always sorry to hear about people losing their jobs, but that happens in businesses that are struggling, and RVNC is certainly struggling as it pushes to increase Daxxify market share in aesthetics and begins to enter the therapeutic market. I don't take any pleasure in seeing peopIe lose their jobs. I hope you and your coworkers are able to make it through, if not at RVNC, then perhaps at another job where you feel less stress, less pain and less anger.