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Astex Pharmaceuticals, Inc. Message Board

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  • batzem batzem Jan 31, 2008 8:55 PM Flag

    What's up (or down)?

    Today is no great mystery Look at the volume compared to recent average of less than half million shares. It was a institution getting out. There is no grand conspiracy to get stock from small retail investors. This is the most ridiculous thought I read on this board. The fact is as I have stated many times is institutional sentiment is that EORTC results suck. End of story. If US sales continue to ramp, AML trial prodcues good results, S110 moves forward, MP470 advances we will be fine regardless of EORTC where anything less than a disaster will now be viewed as positive
    These are very trying times to keep the faith, Im still not sure these attacks against Dr M are warranted . I dont think his buying some stock would convince anyone of anything Besides he has enough options already.
    Just need to be patient. With the cash position rising and stock falling at some point Eisai cannot resist buying this
    company

    1 Its always darkest before the dawn
    2 Now is the time that trys mens souls
    3 When the going get tough the tough get going
    4 Keep the faith

    Choose one of the above or add your own

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    • <<Im still not sure these attacks against Dr M are warranted .>>

      batzem, while I will admit to contributing to the clown suit, it really was in jest. You know that I have supported him. But think about it. The guy gets a $350K bonus for his accomplishments during the year.

      What did he accomplish?

      Don't shareholders have a right to ask this question? If Manuso doesn't want to answer it, maybe he should pass the question on to the compensation committee. Let them explain their actions.

      I am not sure exactly what his salary is, but I would bet that it is $350K or less. If so, that would mean that he received a bonus equal to 100% (or more) of his annual salary. Doesn't that seem a bit outrageous in light of a stock that is hitting multi year lows and threatening to hit historic lows?

      I get a bonus... it is geared toward company performance, including earnings targets. My bonus is targeted at 15% of my salary. It won't happen this year, but it could be as much as 20% if the metrics were all exceeded.

      Even my CEO doesn't get a 100% bonus. (Although she does get stock options that I don't get.) And she actually accomplished stuff this year.

    • Maybe the institution that got out caught wind of the YHOO deal and got out of SUPG at any price they could. I know I'm stretching, but it could be something as innocent as that.

 
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