Any thought on the stock options granted to top management?
My immediate capture is the largesse... some of the share distributions are extraordinary, and thus send out a mix of signals. In the case of CEO Dr.MM I believe this single disbursement of paper to him exceeds 3X the share amount he has ever previously held...and that's in the aggregate. Isn't that # 450,000..?? That's pretty fair shake...
Good numbers...but makes me consider the undervaluation potentials, and the impact on my own relatively modest position.
In the past Exel options vested at 1/4th a year over a period of 4 years. I would think holders of the new options would want them to be worth something more than their vesting price. I think it's an incentive to make them have Exel succeed and see a big PPS increase.