As I stated in one of my responses on this board just a few minutes ago, compensation includes salary and options. While Scarlett's salary is $1M or so, the rest are stock options granted to him to buy Geron shares at an exercise price of $5.50 before a certain expiry date (I believe it's several years from now). This means that, if the share price is well above $5.50, or say if he exercises his options when the share price is $11 or higher his actual compensation will be greater than even $6M!! With IMET potential success, it appears very likely that the Geron shares will be valued higher than even $30 before the expiry date; that is, he will have compensation total exceeding $6M easily!! Got it?!! CORROLLARY: He doesn't care what the SP is now, he wants the SP much higher than $5.5 when the expiry date of his options arrives!!!
Let the idiot read my response above explaining the difference between salary and compensation!! These are guys who work as laborers or low-grade factory workers or those who run small mom-and-pop businesses and dealing with #$%$. They apparently have no knowledge about what compensation means in the corporate world!!
Compensation includes salary AND other perks. You are treating salary of $1M to be compensation. The options to buy shares given to executives often are revised at lower exercise price later or some executives get loans to exercise options which also is forgiven!! Just look at the facts for a lot of American companies where this is being done. This happens especially if the board members are in his pocket (note that he already has one he brought from his old company and, when he decides on the acquisition he may have an opportunity to select more board members pf his choice!!). Therefore, it is possible that the $5M worth of options granted to Scarlett this year may get the same treatment. Even if the option-exercise price is not revised or loan, if granted, is not forgiven, he will still realize a huge gain exceeding $5M if the share price reaches a value far higher than the exercise price, which is very likely to happen before the expiry date of the options.
Therefore, it is wrong to say, like Mr. Weisman states above that he gets all $6M if the company is a "huge success" - another extreme statement!! Looking at the potential success of IMET, I have no doubt that his exercise price is going to be much lower than the SP before the option expiry date!! Thus, potentially he is sitting on real compensation much greater than even $6M!!
Those who have questioned me in the past on this, please here is the answer.
is that neither Tefferi nor Janssen guys nor the FDA has any confidence in Scarlett. Tefferi may have been upset that Scarlett, through his lack of foresight, brought about the 8-month long complete hold since he failed to collect the ET/PV trials data the FDA was looking for; the FDA may have disliked his arrogance of ignoring what the FDA may have been looking for through the ET/PV trials; and, the Janssen guys may have been mad that he managed to delay the complete transfer of the entire IMET development responsibility and still wants to keep his rights to opt-in or indicating to them that that he is going to do part of the development himself through acquisition. I do not think the FDA would have granted ODD if Geron was holding the ID and that the Janssen guys must have been convinced about. If all this is true, the board granting him a total compensation of $6M must have been a thorn in the eyes of Tefferi and the Janssen guys. The MF trial recruitment delay thus may be an indication of such internal squabble. Of course, all these are my doubts and I hope I am wrong.
Scarlett's days should be numbered now!! Is it what is going on? If it's so, why are traders so nervous?!!! A new horizon is going to evolve and the SP is going to take a giant leap!!
Carroll guy, you have done something others on this board never did. It is the right way to hold such SA manipulators accountable and pay the price to do so. These crooks must be exposed. Your appropriate action and effort by posting this on this board is greatly appreciated. Thanks.
Truth hurt you? What happened to your BioTime lie? No body likes that on this board? Instead of bashing Ocata, you will be better off going back to the Geron board and be wise to do what you really believe in. Only snakes chew out venom. So....be wise and do what is right for you - to make real money and not loose your effort in worthless bashing.
Waste their time in trying to change the facts!! Only idiots who are rigid do not have wisdom to correct themselves and always keep singing old songs while crying to suffer from the old wounds. Perhaps, they need more lessons to get to be wise!!
You will be pleasantly surprised to find it will not be so!! WS guys know the charting techniques and even manipulate those to frustrate chart followers!!
bet on shorting the shares and are sure to get caught like idiots. The BTX treatment argument is #$%$ and misunderstood. Ocata has nothing to worry about. But, the mon...keys saw that as an opportunity to make money and will end up to be sore losers.