Replies to post #6212 on BioSante Pharmaceuticals, Inc. (BPAX)

[Run4It]

An employee stock option is just a form of compensation. I believe these shares were not purchased on the market but in reality would be shares taken from their Authorized Share count and given to these 3 guys for their work.

I don't know for sure but these shares are often restricted for a certain amount of time. Also I don't imagine that these guys plan on dumping there new shares at the current pps. The nice thing for us investors is that obviously the new 800,000 shares Simes just got bodes well for BPAX holders because the higher the pps the more his shares are worth...w/ that said hopefully he doesn't want his 800,000 shares to be worth only about $500,000 but would rather turn those shares into a market value of about $3,200,000!

Hence the incentive of the employee options.

Nice thing about getting compensated w/ shares is you're get a much better tax rate...just ask Mitt Romney...he could explain it to you very well!

[LDC]

If I understand this correctly, Simes is given options on 800,000 shares @.68 for 0 dollars. Looks kind of stinky to me. It appears they are being rewarded for the collapse of the stock. I would be a little ticked if I owned shares over $2. Not good pr imo. These guys are already well compensated.

[PennyStockInvestor]

This is basically big time insider buying going on with BPAX stock but done in a way that makes it very legit. They know this stock is going up big time folks! BUY! BUY! BUY! They now have all the incentive to jack up this stock BPAX.

2012-01-25
Option Award 2012-01-27
4:37 pm N/A
2022-01-24 BIOSANTE PHARMACEUTICALS INC BPAX Snabes Michael C
(Sr. VP of Medical Affairs) 165,000 $0.6844 165,000
(Direct) View
2012-01-25
Option Award 2012-01-27
4:33 pm N/A
2022-01-24 BIOSANTE PHARMACEUTICALS INC BPAX DONENBERG PHILIP B
(Sr VP of Finance, CFO, Secy) 285,000 $0.6844 285,000
(Direct) View
2012-01-25
Option Award 2012-01-27
4:29 pm N/A
2022-01-24 BIOSANTE PHARMACEUTICALS INC BPAX SIMES STEPHEN M
(Vice Chairman, President & CEO
Director) 800,000 $0.6844 800,000
(Direct) View