Replies to post #682 on Champions Oncology Inc (CSBR)

[lefty18]

You're right, he joined CSBR in 2001. It appears that he came on board to help find a new direction for the company.

I think they found a beauty. :)

[bigthc]

Those shares are new options. So basically he can sell them whenever he wants, but has to pay .17 each. Because the company isn't doing any business yet, this is the only way they can compensate for work done. I believe Settles is filing their SEC docs and who knows what else. I like the idea of options better than the company selling shares to pay employees or contractors with cash. It also adds incentive for those working to do their best work.