Biotech Values

[DewDiligence]

ENTA—Leaving early may put these two directors in violation of the terms of their prior contract. The whole event is quite unusual and I can't help but feel you are sugarcoating it.

Not sugarcoating anything insofar as I admit I don’t know exactly what’s going on. My explanation (in the bottommost paragraph of #msg-95809197) for why the two outgoing directors are leaving one day early is the best I can come up with; if anyone thinks an alternative explanation is more plausible, they should post it!

I’m less interested in the early departures per se than in understanding why the size of the BoD is shrinking from 7 to 5.