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ImmunoGen, Inc. Message Board

  • newrazin newrazin Oct 31, 2012 6:38 PM Flag

    New Share Vote

    I just had a chance to read my proxy materials for the shareholder meeting. They want to increase the number of shares in the Employee, Director, and Consultant Equity Incentive Plan. They also want to INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK BY 50%, from 1,000,000 to 1,500,000!!!! Are you freaking kidding me!? Lets dilute the share price even more??? I just sold all my shares, but think I can still vote. No, no, no, no. I find myself wondering "what fund would buy a new issuance of shares anyway, given the history of previous new share price degradation?" Wow.

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