love the idea, this board needs to be shaken up. They are bought and paid for yes men and women, we need someone to fight for the shareholders. You have much more stock than me, but I would pledge my share vote if the person is intelligent, savvy and focused on shareholders. I would not vote for Jim, I would vote for S9.
Thanks Jack, keep up the good work!
why is he excited another stock option grant coming for the execs and BOD members? Jack is probably responsible for 10 of the 15%, the market and sector the other 5%. More to come is the problem, but I think the market and investors sent a loud and clear message to Jack that his actions matter and he better start focusing on actions to improve shareholder value.
Good to see Jack is not going to make much more on his remaining options unless he gets the price up. He has a few cheap ones remaining from the stupid DF financing days, but many more at $6.99+ and $6.16 for the next batch, or they become worthless. Let's hope he doesn't go crazy, panic and start execrising and selling more of the low-priced options. he has stolen from the shareholders (an opinion).
Unless sales ramp up soon, they are going to need some cost cutting, or financing, they can't keep burning $20MM+ per quarter forever. It seems like they have a lot of dead wood starting right at the top.
check on YTD, 12 months, 5 years, 10 years, 20 years and get back to us on what you find. Hint: it's not so good except against LJPC, a terrible company.
sure, he sold because the company is being acquired. Unless they are being acquired for $4, that would be a stupid sale. Well, he is not so bright, so maybe you are on to something.
Yes, since they only have one strength, discovery and very early development, they don't need so many employees burning up the cash, they can wait for their partnerships to mature, partner everything out, reduce costs and either buy back stock or pay a dividend when the cash flow starts building, or just find a buyer and sell off the parts that the buyer does not want. This company should easily be worth $2BB+ (sum of parts) if SGEN is worth $5BB. They also have losses that can be carried forward to provide tax free income from Kadcyla revs.
Yesterday there was a lot of back slapping and optimism over holding up fairly well in a bad market. This morning a lot of "bought more, added"...A bottom will be formed when investors are more negative. Not there yet. Now at IMGN and ARNA, investors are already there, ready for a CEO lynching.
Do you think the IMGN exec team is heading in the right direction, doing a good job, having success, creating shareholder value, making sound business decisions? I say Heck No and it's past time for a change. Dan must go and then be replaced by Howard Pien, or someone else with a track record of success, or turnaround and sale. All shareholders should take action to push for change.
Through my job I frequently talk to MR pros and every once in awhile I run into someone working in an area of interest. Anyway, I asked her what she thought about the other obesity drugs and the only one she was positive on was Belviq, for weight loss and glucose control, she was more focused on products for diabetes and pre-diabetes. FWIW, a minor positive, N of 1.
I have been trying to get the attention of this do-nothing BOD, perhaps I should switch my focus to contacting Bus Dev pros at Sanofi and Roche to start the bidding. I will not rest until the IMGN shareholders and shareholder value becomes the focus of IMGN executives and the BOD, who are only focused on personal wealth/ value.
Keep pumping, the sub $4 shorts are looking better than the over $8 longs at this point. They have the momentum and Jack on their side.
Jack has bought off the BOD with a huge stock package, so he will be difficult to replace. The BOD all took a $15,000 hair cut on those recent, lavish stock grants.
You may have noticed, the BOD have switched from options to stock, because options can become worthless when a stock fails to increase. Great work from the BOD and Jack!
To this I say B.S. He certainly couls have placed price restrictions on the trade, don't sell under $x. The real problem is he's either clueless about his actions, or does not care. Take your pick, either one is a reason for his being replaced.