RE:RE:RE:RE:RE:Eurk!Forgot about that - so it is more likely then that THTX's board may be struggling to read the shareholder room.
But we shareholders don't see the whole picture as clearly as the board does since they have more info, particulalrly regarding TH-1902. We just know the stock has been decimated and we are feeling all of that while everyone else involved in the company is doing great, like really great. We may be getting rolled by the board but I suspect that is not the case and theyare actually looking out for our best, long term interests even if it feels like they just kicked us in the head. I imagine the board feels like the management team already in place is a pretty good one, better than THTX deserves in its current weakened state (and I am inclined to agree with that - the additon of John Leasure seems to havhe really strengthened the situation too).So, they are likely doing what they can to retain them as replacing them with similar talent would be quite a tall order right now. That means making them an offer they can't refuse and it looks like that is what they hahve done, Moreover, they likely are very hopeful, as we are, that TH-1902 will turn into something special before too much longer and they need to keep the team intact until things brighten up for THTX on that front sometime later this year and into 2024. That is my best guess as to what the board is thinking and, if things do brighten up as hoped for, it will likely prove to have been an acceptable strategy. If not, well, then it will look pretty ugly. Hopefully, there is yet a happy ending on the horizon for shareholders but there is no guarantee of that. I suspect the AACR presentation could start some balls rolling in a more positive direction and change the narrative around THTX in the next several months if partnerships (plural) do develop as various drug companies with cancer drugs take a flyer on if TH-1902 can get them better results.
But, again, if TH-1902 eventually amounts to nothing this will all look like a greedy corporate leadership group hosing shareholders even if that is not actually the case.
palinc2000 wrote: The apparent stable G&A expense in Q 1 was from the cancellation of activities in Europe according to what Dubuc said during the CC part of which was offet with increses in this side of the pond
SPCEO1 wrote: That info is just what I had hoped would not be released but was afraid the heads management wins, tails shareholders lose deal would be in place as is typically the case across the corporate world. However, the salary info is not something that could have been adjusted as the bad cancer news came out on the first day of the fiscal 2023 year and that money had already been paid. SGA expenses in the first quarter were pretty flat so perhaps they instituted a salary freeze for 2023, admittedly at an already very high level. The cash bonuses is perhaps where they could have made an adjustment although I am not certain when those are paid. But if THTX was indeed blindsided by the pause news, it is possible those were already paid before the end of the fiscal year and, therefore, before the pause news. It would be good to hear that big adjustments to executive compensation have been made in 2023 but given they made sure to hold the first quarter conference call a day before teh proxy was released, I suspect that may not be the case.
palinc2000 wrote: I know the CEO is in a difficult position caused by many factors some of which may not be his fault but for Ch+**st sake just basic human decency would have dictated at minimum a FREEZE in compensation for management and Board Members and a decrease in the number of Directors .
Show some compassion not your personal greed
palinc2000 wrote: I suggest you read the compensation related info during Happy Hour ...... snd make it a double!!!