Thanks for the info Sharkfood. I tried three times to send the e-mail below to the Oncolytics site and each one came back as undeliverable. I wonder (hopefully) if they have had a deluge of negative e-mails regarding the options and decided to suspend the site.
To Nick Hurst
It would seem that the main contact address for ONC is not available for comment. Perhaps you would be kind enough to pass on my comments below to the appropriate individual.
Sir
As a long term investor in ONC (nine years) I would be interested in someone explaining to me why a raft of overly generous options have been granted to the officers and directors of my company while the share price has plummeted by 50% in one year. I was always under the impression (apparently naively) that executive compensation was supposed to be linked to shareholder value.
One of the Canadian Coalition for Good Governance's requirement is that the CEO and the Chairman of the Board should not be the same individual. Perhaps, as this is not the case with ONC, this explains the issuance of the excessive options. The board is supposed to monitor the actions of management.
Sincerely
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