I certainly can’t speak to what the board was thinking but it might be a useful exercise to look at it from both sides…the shareholders have been through the equivalent of nuclear winter…but so have those shovelling coal at the main office. If this radioactive contamination is now behind us and a green shoot is beginning to emerge from the landscape I am not bothered if everyone who passed through this together gets rewarded. I would just like to know something is budding and there is a good prospect of getting it to market. The market in due course will make 20 cents look like a joke, and the old high of $10 look like a bargain. We will probably not be obsessed about the options at that point, the odds are high everyone will be made whole and happy. I look forward to that day.
Soon it will be Spring, might be a good time then to take a brief look back. It reminds me of the “bid for acres” that happens around that time with grain futures…will they plant more corn, wheat, or soybeans? If the carry-out shows we are short beans the market will bid up the price and the farmer will follow the money. JL will plant HIV immune modulation first but will be open to other bids…he’s a true humanitarian and not in this for the money IMHO, he was asked to help and I believe wants this drug to succeed more than anything else. If the board at some point finds the treasury overflowing they can certainly dole out any rewards that might have been neglected and I would hope that JL gets his just reward, I just think he is motivated more by things that transcend money.