GREY:IPHAF - Post by User
Comment by
macbethorfauston Jun 02, 2009 11:41am
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Post# 16036504
RE: RE: RE: RE: so what happen to all the vocies
RE: RE: RE: RE: so what happen to all the vocies"What do you think can be accomplished in 18 months with $8M?"
More than can be accomplished with nothing.
What they will accomplish is to finish off the programs that are currently being tidied up and survive long enough for the milestone from Lux and possibly even long enough to make further geographical deals with other partners. If neither Lux nor Palladin get their NDA then we are toast anyway (unless of course a white knight should gallop in some time over the next year). If Lux gets the NDA then we are laughing.
I don't like Foster's compensation either but the others aren't far off of reasonable. So if we knock a couple of hundred grand off of Foster's base salary then sure we are in more reasonable territory but how much difference is that going to make.
In the absence of alternatives, if we don't do this deal we are dead. Do the deal and we have an upside that ranges in potential from modest to huge.