RE:RE:RE:RE:RE:RE:RE:RE:Very strange , even for ONC
Andrew exercised his options because he knew he was jumping ship and he would then be able to sell the shares for a profit without having to disclose to SEDI, since he was no longer an insider. Had he remained U.S. president of Oncolytics he would likely have taken the same route as MC (see below), becuase it would have been bad optics for him to exercise and sell.
MC absolutely DID NOT exercise his options. Please understand that Canadafan can sometimes say things that are demonstratably false but he phrases it in a manner such as, \
"I heard..."
"Not sure, but..."
"Different sources say... "
MC did not exercise his options because he knew that ONC had no good news coming and he expected the SP to drop to the same level as his exercise price (it did). This would be equivalent to him using some of his massive salary to buy ONC shares on the open market, which he has never done before and never will do because ONC is a bad investment.
Canadafan, are we supposed to feel sorry for some clown who ranks as one of the worst CEO's in biotech, yet makes almost $1 million per year and rewards himself with hundreds of thousands of options approved by a friendly BOD?
Give me a break!