"This information is according to proxy statements filed for the 2013 fiscal year."
Then you have a significant misunderstanding of what you read.
When you read something, do you investigate or simply take it at face value?
I have no idea what the cash salary was, so let's just take the $12k number you have.
The 25,000 shares that were worth $108k and now would be worth about $80k, however, he never received the shares. It was a restricted stock grant, with 50% transferring to him on 12/18/2015, and the other 50% on 12/18/2016 - as his employment was terminated prior to those dates, it would appear that he never received the shares, and no longer being an employee would not be entitled to them come December 2015 and December 2016.
The 150,000 stock options had a strike price of $4.34 - which would have no value today. However, the vesting schedule for the options was 25% on 12/18/2014 and then an additional 6.25% on the last day of each three month period thereafter. Once again, since he will not be employed by the company on those dates, he is not entitled to the options.
The $530,865 valuation on the stock options is incorrect/misleading anyhow as the options have no value below $4.34.
So, what's your problem?
You may want to reconsider where you are getting your information from, or make a greater effort to do some actual work in researching/validating the information before getting all worked up.
Explanation of Responses:
1. Represents a restricted stock grant subject to the Issuer's lapsing forfeiture right, which lapses as to 50% of the shares on each of December 18, 2015 and December 18, 2016, provided the Reporting Person remains employed by the Issuer on such date.
2. The option vests as to 25% of the shares on Decmeber 18, 2014 and as to an additional 6.25% of the shares on the last day of each successive three-month period thereafter.
He would buy directly through SNTA because it's real easy to have a single transaction at a fixed price as opposed to buying 1.5 million shares in the open market over an extended period and moving the price with your purchases.
I assure you, short-term technical games like a short squeeze is not his objective. More folks would just short at higher prices. What is going to drive the shares higher are results - we know thus far the results are good and very promising. As we get further down the road, more trial/study results will be coming in, and that is what is going to drive the shares higher and provide strong support going forward.
and you will have your shares at a 20% discount to what Bruce last paid in April.
The share price here is irrelevant - it's low. Maybe it goes lower - who cares? When the masses come back again, the shares will go higher - much higher. As news begins to flow, shares will go higher.
For months people were posting here how the shares weren't going higher because there wasn't a CEO installed. Now there is - you got what you want. Now, just because the shares didn't go up immediately, everything has changed? Maybe it was a small case of buy on the rumor, sell on the news? Now that there's a CEO, what's to look forward to?
If you have no patience, as others have said - sell and move along.
The entire market is weak currently - SNTA shares are not really performing much differently from most other small caps and biotechs at this time. Further, being the latter part of September, certainly end of quarter window dressing is taking place.
The investment thesis has not changed. You will not see Bruce/Caxton selling shares. If anything, we may see him soon hand over another $5 million to the company to get more shares at the current price level.
I'm staying away from all retailers...don't feel comfortable with any of them.
Just sticking with my core holdings, keeping close eye for bargains on everything on my radar.
Last week low float gang came to FORD and I unloaded - lucky I was watching my screen when it happened. Will begin to repurchase below $1.30 again.
I notice the same, however, this is a profitable company doing the reverse split to get shares high enough to meet exchange requirement for uplisting - not being done out of weakness.
Anyhow, I figure scaling in starting at .49 is a safe move and I won't miss out if it doesn't go lower first.
We played this one maybe 4 or 5 months ago after CEO bought shares and they were in low/mid-.40s. Company has performed since then, shares have gone to the high .50s. Company posted profits, is going to do reverse split and uplist the shares in the near future.
A couple days ago, company made press release that CEO was stepping down and markets took it the wrong way. If you read the press release, it is very good news - he did the job he was hired to do, company is now fixed, and he doesn't need to be CEO any longer. He's still on the board and is not selling any shares. Investors have not properly digested the info.
I began scaling in yesterday at .49 - will buy more if it goes lower. Shares should go back to high .50s and higher.
Don't put too much faith or confidence in the SHO reporting on the FINRA site - it does not indicate what it is claimed to. What it reports are fail to delivers - it is not always the case that these equate to short sales. A couple years ago I investigated this and tracked down a post by someone who provided the reference/link to a letter written by the developer to FINRA telling them as bluntly as he could that they are making this available to the public and most people looking at it do not understand what they are looking at as the name is misleading.
the bid is moving up - just a matter of time until chickens stop unloading at $1.25 and $1.26
folks, the two strong quarters are coming
anytime the ask is at/under $1.20 the shares should be grabbed as quickly as you see them - it's a gift.
numbers like $1.00 and $1.05 are history, so if you're waiting for those again thinking that's where you're getting your cheap shares, well it's not going to happen..
Similar to EVOL, but I think better.
Karen Singer and Lloyd are big investors. No debt, lots of cash, sales growing, profitable, 6.5% dividend as of right now.
I bought some today - plan to double up if it falls another 50 cents, then quadruple up on another 50 cent fall...though I don't think either will happen unless market gets jolted.