And just when I thought these guys could not do anything else that would disappoint the share holder, they show us what their true intention has been all along. They have diluted the shares to enrich themselves, all in the hopes and preparation of putting the for sale sign out on the front lawn. The sad part about this is, that it is all perfectly legal. Sadly, this is a prime example of what leadership in corporate America have come to represent through their actions. More is not enough for these people.
amen brother, they act like they own the company and shareholders an annoyance. If they would have cashed me out at $18-20+ this year at the lower cap gains rate I would not have been as #$%$, but they can't even do that right. I agree with your thinking, they got the new shares in the bank, they will give them out at the first possible opportunity and then sell and retire. Junius and Perry will have a difficult time finding their next jobs, the acquirer will have no need for them. A white collar crime is about to occur and right after they gave away 50K freshly minted new shares and 200K options. Watch...more option grants will be forthcoming then one day we will come in and bang, IMGN will be gone like ZGEN and many others. Frankly I am sick of spending time following it any more, just get me a good price and soon!