Could be they knew the proposed future value of the company based on future conditions coming to fruition?
And if these events don't come to fruition? If we have a conditional deal in place why the dog and pony shows? Everything in the world is based on future conditions.
deals in the biotech and medical fields just don't happen over night.
No they don't but you'd think one or two would happen in 30 years?
All this talk about how these new options signify something big happening. It's just normal business to award these new options after paying off the top management for the last batch. Nothing magical. Nothing ominus. Nothing except greed. Maybe someone can show me where the last option plan helped the shareholders. I think the same "Something in the works" statements were made back then too.
Company statement regarding options:
On July 9, 2009, the Compensation Committee recommended and our Board of Directors approved, subject to stockholder approval, the 2009 Stock Incentive Plan (the “Incentive Plan”). The Board of Directors approved the Incentive Plan to help us:
· Attract, retain, motivate and reward officers, employees, directors, consultants and other service providers of the Company;
· Provide equitable and competitive compensation opportunities;
· Recognize individual contributions and reward achievement of our goals; and
Finally, the Board is concerned that the proposal would make it difficult for Peregrine to retain or recruit the highly qualified staff who are central to the Company’s successes to date and to its continued growth and advancement going forward.
22 employees of the Company and two consultants getting options. What about the other 109 employees? Looks to me like the only one benefiting from this is the upper echelon. Consultants are rated higher than the employees.
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