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Dan88

08/03/21 3:04 PM

#393256 RE: Dan88 #393245

Linda and the gang reward themselves via options based on milestone reached. So what could be milestone ahead. My rough guess:

complete data analyses and announcement of data;

manufacturing certified in UK;

Achievement of some RA designations;

Submission of BLA,

....

The most tricky part is the price of options they get rewarded. If they space out those above milestone achievement the price will substantially increase in a stair up manner, that will not what Linda and gang want.

For Linda and gang in this case, the best interets for them to have rewarded themselves options with low target price is the market price at the time of rewarding is as low as possible

So I guess in this sense it's best to achieve multiple milestones once at the same time when they end the great quietness.

Linda has been ambitious and greedy for herself (approved), and/or us investors (has yet to be approved)