RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Big pharma is set to keep signing bigger deals in 2024 Notable I agree 100% ,Dr. Matt does not own the patents.
He did however write the thesis & mutiple requirements to obtain the patents.
As sole survivor of founding members, he has royalties to the income from Pelareorep.
The royalties are a great incentive for him to get Pela to market.
The contract is a declining scale & might actually be zero % or expired by now?
He did get paid about $30k ( I could be off with that number it was reasonable, but not life altering),when Onc received the " up front " payments from the licenses deal with A.N.
That was listed in the year end under " notes"...legacy payments.
My point is.
Thinking from Dr. Matt's point of view.
He created the concept & brought to fruition..to this point, his life's work of a cancer treatment.
It is hard for some of the pin heads on this site & others to comprehend or even care what his world is like.
Yes he is well paid.
However what gets him up in the morning is his drive to succeed with his life long goal.
Becoming a PhD as well as he has a business degree, requires huge amount of work.
Beyond that, his whole working life has been dedicated to seeing Pela/ Onc succeed.
failure of such, to a man of his ego would essentially be his whole life wasted.
yes, he erned a great wage along the way. Yes he can probably retire well off.
None of that will matter to him if Pela fails.
Side story. My name is on the Canadian Red seal 447A training in school curriculum advisory committee. Published by the government of Canada.
I have worked over 45 yrs. My involvement with the Red seal advisory was an honour.
About 5 years of confrences, meetings, workshops, advisory sessions.Most of which I was paid very little for. Mostly travel & accommodations.
Far more " valuable " to me as an individual than my many years of wages.
There is a conservation area with a dedication area & engraved stone marker. With my name & the others , who dedicated for free, 7 years of our time. To save that land.
Why my way off topic self indulgent points?
perspective!
Had we lost the battle to save that land. I would have wasted 7 years of my life.
Matts motivation is not $$, He wants to see Pela/ onc get across the finish line & to market.
if not he will have wasted 25+ years of his life.
Failue of onc will be felt by Dr. Matt on many levels.
Yes $$$ and a lot if it.
However & way beyind that he will be faced with looking in the mirror each day as a failure.
He is not a 8hr/ day line worker that shuts down at quitting time.
Agsin a lot of this is well above the psyche of a few on here.
Many are right about one thing. Matt does not care about the trading shareprice.
Afterall, he is not sellling at any price!
The company value? Absolutely.
shaeholder value can only be realized for him if/ when Pela gets to market.
That is now & Always has & always will be his motivation.