"in encouragement of their continued service to the Company." must have been some great discussions during the board meeting. perhaps not fun to be working at ADES during last few years.
i'm no genius, but really ...
On March 3, 2015, the Compensation Committee of the Board of Directors of Advanced Emissions Solutions, Inc. (the "Company") approved retention bonuses (the "Retention Bonuses") for the following executive officers of the Company:
(i) Jonathan Lagarenne, Executive Vice President; (ii) Christine Amrhein, General Counsel and Secretary; and (iii) Sharon Sjostrom, Chief Technology Officer. Under the terms of the Retention Bonuses, the Company will pay each of these executives a cash bonus in the amount of $50,000, as long as such executive is employed by the Company or any related entity of the Company on December 31, 2015, with such bonus to be paid on or before March 15, 2016. The Retention Bonuses were approved in recognition of the value that each executive officer adds to the Company and in encouragement of their continued service to the Company.
5 X's current price? if wishing could make it so ... history and evidence (if those concepts matter) suggest that 50% over current price would be acceptable to big holders (who would decide) for smaller players. "potential" counts, but only so much. INSM's option volume yesterday was heavy (nearly 1500 contracts vs 177 average); 100 today in first hour of trading.
by coincidence, Celldex was a spinoff from Medarex a few years ago. Medarex was "stolen" from shareholders in a low-priced buyout when its shareprice was depressed.
much greater number than is typical. probably associated with buyout speculation.
i've been through enough biotech buyouts as a shareholder to know that long-time investors are almost always disappointed in the selling price. fly-by-night lawsuits abound. Investors here who are hoping for a buyout now rather than a longer ramp-up to real fulfillment of INSM's potential (whatever it is) are short-sighted fools.
more option activity today (350 April 22 calls purchased at the ask), but still nothing significant compared to what would be expected with substantial buyout anticipation. also, talk of offers of 3x's current price is ridiculous.
yes. better believe that when CCS partner Goldman Sachs calls, they get answers.
Character and competence don't change easily, and whatever defects in executive and board character and competence led to accounting mess, you can be sure the defects are still present -- there hasn't been enough of a housecleaning IMHO to assure the Heath Sampson can do his job (giving him the benefit of the doubt for now).
not much meat on this bone:
HIGHLANDS RANCH, Colo., March 2, 2015 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (the "Company") announced today that its Chief Financial Officer, L. Heath Sampson, continues to build out the Company's Finance, Accounting and Information Technology teams with the recent appointments of a new Corporate Controller, Director of SEC Reporting and Technical Accounting, Director of Financial Planning and Analysis and Vice President of Information Technology. In conjunction with Mr. Sampson's efforts, the Board of Directors of the Company eliminated the position of Chief Accounting Officer, and Rachel A. Smith, who has served as Chief Accounting Officer since April 21, 2014, has resigned effective March 2, 2015 to resume her position as President of Smith Financial Consulting on a full-time basis
appears to be a position involved with new business initiative in oil/gas production associated gas conditioning and processing at the well.
Duties and Responsibilities: The essential duties and responsibilities regularly performed and normally assigned to this position are as follows:
First year engineering program duties required to build out and launch successful new business unit to include:
1. Lead design/build team to develop a small-scale processing skid for associated gas.
2. Drive Technology development program to meet or exceed program goals.
3. Develop Oil & Gas Group technical team capability.
4. Plan pilot unit field testing and provide oversight during testing efforts.
5. Conduct an extended field test of pilot unit, as needed.
"The reason for the runup was for traders." -- can't let this pass. LOL. classic yahoo jibberish reveals your amateur status.
nice move again. a close today above 3.60 on good volume will attract chartwatchers and momentum players (and, unfortunately for this board, vocal daytraders who care nothing about the fundamental story).