Replies to post #8117 on GTC Biotherapeutics (fka GTCB)

[xrymd]

Remember if the options are underwater then can be repriced with relative ease. It happened after the 2000 tech decline.

[mouton29]

<<Ask Dr. Cox if, next year, he would rather take a 50% cut in the number of options he receives, or a 50% cut in his take home salary?>>

Since he was granted 90,000 option in 2006 valued at $22,000 per the latest proxy, you want to ask him whether he would prefer to give up 45,000 options valued at $11,000 or $300,000 or so in cash compensation?

A more telling question would be whether he would give up half of his EXISTING option and share holdings, which consist of about 700,000 options and 220,000 shares. That's a tougher call, but still does not answer the question of whether he is feeling pain over the decline in the stock price.