Here's one more negative that I found....
In February 2008, in conjunction with a settlement between the Company and the Company’s former officer(Clinton), the former officer exercised 1,500,000 options and remaining 941,406 options held by the former officer were cancelled. The Company received $157,500 in cash and the proceed is used for working capital purposes.
Thats post-split = 37500 shares at a conversion rate of $4.20
Also remember that since Pope now has his shares in hand he could short the hell out of GNPH to very low values. Scary!
Hoping for the best. Lets get this 10K out and see where we stand.
bigplay777
