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Bullboard - Stock Discussion Forum ProMIS Neurosciences Inc PMN

ProMIS Neurosciences Inc. is a development stage biotechnology company. The Company is focused on generating and developing antibody therapeutics selectively targeting toxic misfolded proteins in neurodegenerative diseases such as Alzheimer’s disease (AD), amyotrophic lateral sclerosis (ALS) and multiple system atrophy (MSA), an alpha-synucleinopathy. Its proprietary target discovery engine... see more

NDAQ:PMN - Post Discussion

ProMIS Neurosciences Inc > The Boston Fix is in
View:
Post by FarmerBetty on Sep 20, 2022 10:12am

The Boston Fix is in

Yes, what a shaft to long term investors as one investor said how did Eugene land this deal? Strategic advisor to the board, $225,000 per year not more than 40 hours per month. A regular month 160 hours equates to $ 900,000 per year plus his $50,000 as a board member.  After years of under performance by Elliotte and Eugene in every area with the board accepting this you know the fix is in!
Comment by M101 on Sep 20, 2022 12:34pm
He agreed to give up the top job and take the golden handshake title instead, how does that imply the fix is in? 
Comment by bball67 on Sep 20, 2022 12:43pm
Most farmers are accurate and precise because they have to be.Farmer Betty, you have never let accuracy and preciseness stand in your way. This is how it works in corporate America in these kind of circumstances: Step one-no longer CEO, step 2-no longer Chairman but still on board, step 3-no longer on the board which will be three years, maybe less. This is done to avoid a lawsuit and limit your ...more  
Comment by retiredcop on Sep 20, 2022 1:04pm
FROM ALL THIS TALK I ASSUME THAT ALL OF YOU HAVE CAREFULLY CONE THROUGH ELLIOTS AND GENES CONTRACT THEY SIGNED WITH PMN many years ago. I am Pretty Sure that they had all scenarios covered ..compensation for a number of potential exit situations .  If any of you have gone into personal service contracts of any kind you always make sure you have things covered to make sure you always leave ...more  
Comment by M101 on Sep 20, 2022 1:33pm
Well said RC! 
Comment by FarmerBetty on Sep 20, 2022 4:01pm
What a CROC!! The protectors to the rescue, BBALL this is how it works in corporate America to avoid a law suit and limit your liability when you have no cause for firing someone. The consulting agreement of $225,000 + $50,000 per year is like severance.  RC really trying to sell there employment contracts how do you come up with these things?  No one you two really believe this ...more  
Comment by retiredcop on Sep 21, 2022 9:35am
                                  Realist’s What a CROC!! The protectors to the rescue, BBALL this is how it works in corporate America to avoid a law suit and limit your liability when you have no cause for firing someone. The consulting agreement of $225,000 + $50,000 per year is like severance.  __________ ...more  
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