It's not Ocata, it's your brother writing lies on SA who is being investigated by the SEC!! Did you get screwed up in digesting news?!!
That will never happen in the current-day market for sectors like biotech because these securities have become a gambling toys for traders, both institutional ones and retail ones, and also of MMs. You have to ask CFOs of the biotechs to realize how their job of looking for funding has been made very tough by these vermin. In their zest for making easy money, these vermin are not only violating SEC regulations but also the spirit of raising capital from the securities markets. This evil is not going to go away as long as WS bankers and financial institutions are allowed to manipulate securities market. Our politicians get a lot of campaign money from these vermin and the SEC too is in their pockets!!
Thanks, eoi!! I think the Mass lawyer's inquiry seems to have helped. In any case, the SP is due to get back to $6 level. Traders kept sellinhg off biotechs for the last couple of weeks and now are getting in. They creaed opportunity for investors to accumulate more cheaply. They deserve thanks, isn't it?
Well, the vermin dragged it down with the dilution excuse. That gave us a chance to add more at lows. Sometimes, these vermin are useful, isn't it?
bozo, you're not a district court judge nor is this a court case to ask for proof!! Go and get it yourself, lazy bum
Keep checking updates on the FDA trial site. I do not think either Geron or Janssen is going to keep giving updates to use - Janssen doesn't care for Geron shareholders and nothing much from the Geron management can be expected based on our experience.
Apparently some posters/pumpers on this board wanted to ignore this and, therefore, it MUST get back on the top again!!
If he was that good, he would have handled ET/PV trials well and avoided the FDA hold!! He couldn't even handle the MF Ph2 and, hence, the ID was transferred to Janssen along with further development work. he couldn't get the ODD, Janssen got!! That tells you how good he is!!!
Porsche sits hardly two; he and his girl friend!! No room for anyone else!! Tells me that the guy likes to grab the whole pie, leaving nothing for others!!!
He is probably busy arranging for the acquisition and brainwashing the board members of how great he is and what a great plan he has for the acquisition!! If the word has leaked out to WS, I am sure, looking at the enthusiasm, it doesn't like what it knows about the plan!! I hope it is not what it is!!!
T tried several times!! And, nothing apparently was done. SEC is in the pockets of WS crooks. Reason: You do not want to pay more tax. So, the staff is cut; their salary raises are down; their benefits cut; and, they have become the pawns of lobbies. Don't be hypocratic by wanting to cut the government on one hand then expect government to do something for you!! If you are wedded to Reaganomics, stick with it!!!
I am surprised only two of the posters, my self and Centerman, noticed this and other, mostly trolls, just ignored!! But, the trolls got whipped by the SP jump; meaning, some WS guys noticed this and placed BUY orders while the trolls stayed in the gutter of their ego and ignorance!!!
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.