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Biotech / Medical : Biotech Valuation
CRSP 55.08-2.9%Dec 26 9:30 AM EST

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To: Biomaven who wrote (6830)7/30/2002 4:13:34 PM
From: Ian@SI  Read Replies (2) of 52153
 
...what I call revolving door repricing.

Not quite the same thing. Options issued to the departing executive will expire worthless rather than being returned to the treasury. The new guy gets new options reducing the total amount available for issue.

It's unlikely that shareholders will approve any new allotments any time soon.

I also think that repricing should be banned. ...until the company is willing to reimburse me for any loss I took as an owner of their company by buying too soon.

To the extent that they have the shareholders' blessing they can always issue new options any time they so choose.
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