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Re: jessellivermore post# 8110

Thursday, 02/14/2008 12:11:11 PM

Thursday, February 14, 2008 12:11:11 PM

Post# of 19309
> when the PPS fell thirty cents after the dilution his paper loses were over 300,000$ a very percetage of his yearly salary,,,,think he liked that<

Well, considering his guaranteed take-home salary isn't a function of the share price, I don't think the paper losses on his stack of options causes him insomnia.

I think it is rare for the management of a start-up biotech to have their remuneration strongly tied to the stock price. Most get paid handsomely regardless of stock performance, and GTCB doesn't appear to be an exception.

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