Biotech Values

[rkrw]

I'm speaking of exec's getting fat option grants just before very material upside news. IRS ruled that upside should be considered current income. Backdating options, I do remember that as well.

If you do look at just m&a activity in biotech, take a look at option grants prior to any merger, you will typically see some not that far before the actual deal, while companies are well into negotiations.