The only F that I got in college was in tax accounting. The just-published text book came with a paperback booklet containing all the tax regulations that took effect while the ink was still drying in the regular text book.
So, learn something in the textbook, unlearn it from the paperback book, and the course instructor was left trying to explain it all, before it got changed again. Never even thought about taking tax accounting again.
Coincidentally, it was about a year ago that we were previously talking about stock options, and the tax effect to the beneficiary, depending on whether the stock options were considered part of an incentive plan, or not. I learned then what I see from you now, that this is an area in which you are adept at developing an understanding of the question.
Right or wrong, I can see all hell breaking loose with Covid infections which will be among the vaccinated population, as well as the unvaccinated. I can only hope that Humanigen has been busy developing our drug substance, especially as pipette has informed us that frozen mAbs are used in the lab rather routinely.
If so, then as these outbreaks develop, we can provide enough lenz substance immediately, without taking 6 - 8 months to produce the material for the bioreactors.
What that would mean for Chappell is that he could be looking at being taxed for the billions of revenue produced by his 20% ownership, or at less than 20%, he will only be taxed for whatever he sells. I have always had great respect for Dale, for both his scientific mind, as well as his financial acumen.
I think you've provided a great explanation for what we are seeing from him.
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