Oncolytics Biotech Inc T.ONC

Options discussion: conditional on performance

[westcoast1000]

I would not object to increasing the options for the board and management conditional on getting a partnership for a p 3 or buyout underway.

In other words, after they deliver on what has been stated for the rest of the year,  I would be willing to grant them the options, or they can have an option on the options conditional on performance in terms of progress and of course the share price.

In essence, they are saying "Trust us. We will deliver for you." Or actually they are in fact saying, incentivize us further, or we might leave. That does not sound too convincing as to an imminent deal. 

What is the strike price on those options they seek?

[Noteable]

The 'strike price' equals to the price that the stock had been trading on the day when the share options are granted to management. So there is no incentive for management to work to increase the share price, unless they are ready to exit or sell the company, since a higher stock price does not work in their favor until such a time when they are ready to exit/sell the company. So existing

[Noteable]

Another item being sought involves the expansion of the number of Board of Directors from 7 to 11.  - Fixing the Number of Directors of the Corporation The articles of the Corporation provide for a minimum of 3 directors and a maximum of 11 directors. There are currently seven (7) directors. - Approval of Unallocated Options Under the Stock Option Plan As of March 15, 2023, there were 5

[Hand2Hand]

Looks like an out right buyout is off the table and those extra options will most likely go to compensate the new BODs in some sort of weird partnership that Matt dreamed up. It's hard for him to give up his baby. This his life. So soaking the shareholders with that purple dye he loves so much to play with means nothing.

[Noteable]

Possibilities are that ONCY could be bringing money interests and Big Pharma into the company in exchange for Board positions. A stretch in thinking but anything is possible. 

[westcoast1000]

The is perhaps the most reasonable explanation I can think of to expand the board. Good point. 

[KTDfyi]

It might be your first inclination. I can't see how they would be able to state this in an AGM without revealing the future biz development or basically indirectly telling everyone "the deals in" so we just gave ourselves a bonus?