Achieve Life Science Inc. (ACHV)

[scstocks]

Hello Surf, Did you notice back in mid-jan, news came out that the CEO built himself in a 12 month parachute at 2.99 times his previous 12 month salary? And the CFO gets a year in pay.

For about anything except death, and cause.

Funny how they did this after they were talking about shopping the company around during their last cc, or being open to deals, that kind of thing. I posted about it during the cc.

Anyway, I took the Jan. filings to mean that they wanted a piece of the pie should the company change hands, or at least a "locked in" severance package. Maybe as they were getting closer to a deal?????????????

It's old news so I didn't post the story, but the link to the yahoo news is here:

http://biz.yahoo.com/e/080117/snus8-k.html

Just curious if you caught it?

Take Care.