Post by
lonc17 on Dec 12, 2023 12:05pm
Exec compensation
December is a month that MC and his team will often issue themselves a boatload of options as reward for their wonderful work during the year.
Shareholders have reason to be upset if this egregious behavior happens now.
2023 has been an awful year for ONC. The board and MC have nothing to be celebrating. They have done nothing to increase share price. In fact, MC's dealings with Anson demonstrate complete incompetence and prove that he has no concern at all for ONC's shareholders. Simply, he wants to protect his own annual wages and continue to play minecraft or whatever the hell he does at work all day while he waits for some miraculous call from big pharma.
Crunch time tomorrow for MC. Will he pony up some cash (175000*$1.45) and at last hold some decent amount of shares or will he sell his converted shares and take the money and run and snub his nose at shareholders?
Comment by
jkljkl on Dec 12, 2023 12:33pm
The group who invested 17 million dollars a few months ago I'm wondering how they feel after this major kick in the teeth. Are they corresponding with Onc or are they like the rest of us taking this in stride and hoping the near future will be more promising
Comment by
Buckhenry on Dec 12, 2023 3:25pm
Many of us have thought the near future would be promising for numerous years now.....
Comment by
13X2413 on Dec 12, 2023 5:28pm
The share price action shows how promising things are. Nothing more needs to be said.