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EnteroMedics Inc. Message Board

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  • daveparker0808 daveparker0808 Oct 25, 2010 2:20 PM Flag

    Purpose of Special Meeting

    Maybe they have been approached??

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    • I believe it is to approve/not approve compensation packages for current employees, i.e. to replace stock options of employees that are about to expire out-of-the-money with new stock options at the current price(not sure of the vesting time on the new options). These options are to be an incentive to keep current employees. My take is that the current price is equivalent to an option and that the company/and or employees, should just buy shares on the open market if they are confident that the product will be approved for use. With FDA rejecting drug candidates from Arena and Vivus, ETRM appears to be the best solution to help morbidly obese people improve their health without nasty side effects.

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