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JRoon71

06/04/24 12:18 PM

#424940 RE: IgnoranceIsBliss #424937

IOMFT, that might make some sense. But keep in mind, 100% of Holt's options vest upon the sale of the company at ANY price (ie. the $2.50 hurdle goes away).

He got his options at just over $1. So if the company sells at $2, he would get $5M (a little less, but whatever).

But I HIGHLY doubt Denners sells the company for less than $5. That makes zero sense.

Now, it is POSSIBLE (thought I don't subscribe to this theory) that Denner decided he is just going to sell his shares and be done with it. But I think that is even less likely than the company being sold.

Tatsumaki

06/04/24 12:19 PM

#424941 RE: IgnoranceIsBliss #424937

Holt's interest in this turd is his 5 million option shares that don't vest at all unless the company is sold for at least $2.50.



Except for the fact that Holts 5M shares fully vested at any BO price...

alm2

06/05/24 12:37 PM

#425134 RE: IgnoranceIsBliss #424937

Holt going -it’s no big deal but A will benefit from his departure
Coverage going in part in USA - perhaps not unexpected and they have enough cash with buy back to last a long time
USA income stream is not dead but reducing
Other things may develop favourably - litigation new usage of drug etc -but who knows
However
This is a long game 15 years of income stream in Europe and ROW -it’s a question of how that grows
Or how a buyer of A thinks they can grow it
It’s a share at its cash value presently
I suspect a buyer will think they can make it work if they have the existing sales infra structure
Sure the buy back will start
That is a big first step ….

Ok it’s no fun holding this share but things can get better -if it takes 5 years so be it
If you can sit it out it’s most likely to be to your benefit
Alm