The CEO of RGC promised to live up to his words.
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Posted On: 08/03/2022 11:28:25 AM
The CEO of RGC promised to live up to his words.
RGC has adopted a more open strategy that is in line with shareholders' long-term interests, in contrast to some early-stage companies where it can be challenging to sort through the numerous ways that founders and executives may benefit whether or not the company succeeds.
The CEO will continue to receive a $1 annual salary with no bonus until Regencell reaches a $1 billion market valuation in order to assist the company even further. Additionally, he has reserved share options for every employee but himself. Additionally, he has taken the initiative to use more than $5.9 million of his own money to buy shares on the open market. Not to mention, the RGC management team and directors have collectively extended their lock-up commitments on their stock options. The CEO hopes that these actions demonstrate their dedication to and faith in the business.
https://twitter.com/yat_gai/status/1552263810...A&s=19
RGC has adopted a more open strategy that is in line with shareholders' long-term interests, in contrast to some early-stage companies where it can be challenging to sort through the numerous ways that founders and executives may benefit whether or not the company succeeds.
The CEO will continue to receive a $1 annual salary with no bonus until Regencell reaches a $1 billion market valuation in order to assist the company even further. Additionally, he has reserved share options for every employee but himself. Additionally, he has taken the initiative to use more than $5.9 million of his own money to buy shares on the open market. Not to mention, the RGC management team and directors have collectively extended their lock-up commitments on their stock options. The CEO hopes that these actions demonstrate their dedication to and faith in the business.
https://twitter.com/yat_gai/status/1552263810...A&s=19
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