are these guys for real?
the distributors' deal allow them to sell those shares anyway they want - including on market!!! The fact they are using these guys and these methods would suggest that they may have burnt their bridges with hedge funds and reputable brokers.
this is the opposite of an on market share buyback. Like a giant put option placed by the company on its own shares.
It might be some kind of bizarre insurance policy to cover their salaries in the event any, or all, of their trials flop. What is an extra 25 million meant to do otherwise? So, rather than those trials producing some much needed upward price tension, we will have no share price rise into those top line reports due to the dilution and the fact that the distributors will sell into any strength for their 3% commission.
Raising cash into this weakened market for BOTA is a complete joke, and especially when they have spent a year boasting of their healthy cash balance.
sadly, i think they have completely crossed the line into penny dreadful territory.
I cannot believe the major shareholders are allowing this.
I wish someone would take them over.
Saturday 3 October 2015
Thursday 1 October 2015
cash burn doesn't hurt everyone
Biota Pharmaceuticals, Inc. releases salary data. CEO sees compensation rise 110%
Biota Pharmaceuticals, Inc. just filed its annual proxy statement, which details the salary information of its key executives. In 2015, the company's CEO made 1,479,427.The table is included below:
|
Name and Principal Position
|
Year
|
Salary
($)
|
Bonus
($) |
Stock
Awards ($) (1) |
Option
Awards ($) (1) |
All Other
Compensation ($) |
Total
($)
|
|||||||||||||||||||
|
Joseph M. Patti
(3)
|
2015
|
477,000 | 431,250 | — | 797,098 | 32,829 | (4) | 1,479,427 | ||||||||||||||||||
|
President, Chief Executive Officer and Director
|
2014
|
408,000 | — | 120,156 | 149,375 | 25,995 | (4) | 703,526 | ||||||||||||||||||
|
2013
|
255,385 | 37,500 | 291,660 | 853,596 | 17,244 | (4) | 1,455,385 | |||||||||||||||||||
|
Russell H. Plumb
(2)
|
2015
|
318,750 | 172,500 | 98,000 | — | 30,080 | (5) | 878,080 | ||||||||||||||||||
|
Executive Chairman and Director
|
2014
|
525,000 | — | 192,250 | 239,000 | 28,256 | (5) | 984,506 | ||||||||||||||||||
|
2013
|
335,192 | 60,000 | 583,321 | 1,365,753 | 19,431 | (5) | 2,363,697 | |||||||||||||||||||
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