Response From IRCompletely disagree with Hydrocarbs. Here is the response which is a whitewash. It does not take into account the complete failure of management to manage trilogy 1/2. Hiring consultants saying you're not well paid is easy. Taking reponsibility for your failures is harder but more honest.
In terms of management and board compensation, the board, completely independent of management, brought in one of the top compensation firms in the life science industry, and they assembled a peer group compensation data set for benchmarking purposes. That analysis showed that our management and the board are well below market in terms of cash compensation and stock options held. Given that we are in cash preservation mode, the independent consultants recommended how to handle this year's annual grants, and the board followed their recommendations completely.
Everyone is working around the clock despite COVID-19, taking time away from their families. They are all 100% committed to the success of CaPre. We look forward to providing further updates as soon as practical.
Regards,
Alexandra Botie
Senior Account Executive
Crescendo Communications, LLC
Office: (212) 671-1020 Ext: 305
Email:
abotie@crescendo-ir.com Website:
www.crescendo-ir.com