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Nope I'm one of the kind 😌
Goldgirl ,
Are you the lady With the café in Malta ?
You sound very like her, but i must be confused in my old age :-)
I really believe Tim can do this.
We have 3 main assets and he talk about getting in at bottom and riding the share up. He is beaming with confidence in his last interview video.
Gla
Wigwammer,
Well said.
Well I very rarely post on this board, nolupus. But I do think the purpose of these boards is for fun as well as to gather information. I understand why people come here and talk enthusiastically about their investments - that seems human. Buyer beware and only bet what you can afford, of course… But I have no idea why people come here and repeatedly and blandly undermine every announcement and every positive suggestion. That behaviour is just weird. Hope that explains. ATB
Wigwammer,
Without defending the persons you mention and would like to ridiculise ...
How Come you don't ever talk like that to the ' Strong buy' ' crowd who have been more of a liability and so very very wrong over the years ?
Should they not get the same sentence ?
Flash:
I don't know if you can't read, but the RNS does NOT say, a significant deal OR a minimum of 3 years, it says AND which does not mean the same as OR.
Can't you also read the other contributors to this site who explain the full meaning of the conditions attached to the share options.
Are you a fool or a knave?
Flash:
I don't know if you can't read, but the RNS does NOT say, a significant deal OR a minimum of 3 years, it says AND which does not mean the same as OR.
Can't you also read the other contributors to this site who explain the full meaning of the conditions attached to the share options.
Are you a fool or a knave?
These options are reasonable compensation given that management are likely not currently paying themselves much. And that is why they are able to commit to no near term dilution. Like him or not, TM has kept IMM afloat and done a good job developing a relationship with Avion which gives them a reasonable chance of building something from here. He deserves to be remunerated for that, these sizeable option will hopefully keep him interested in the possible absence of a salary. ATB
Flash212/Lambo - I really hope no one acted on your daft posts and sold near the lows. What a liability…
Flash212 … aka Lambo… Let’s not forget how badly wrong this guy has been, and how much he entirely deserves ridicule (especially after changing his username)… :)
There is a sentence which say " The Remuneration Committee will determine when these conditions have been met".
It doesn't say "when one of these conditions have been met", but "when these conditions have been met". That imply to me both the significant deal completed and after 3 years have been met.
Flash212
You are a dumb a..
"All Share Options are valid for 10 years from the date of issue."
Seems clear to me, as per the below. Share options can only be vested between 3 - 10 years and only after a significant deal has been agreed. Therefore, if a deal is done tomorrow, they'll have to wait until 3 years, but if they haven't done a deal in 3 years, they'll have to wait for a significant deal, but before 10 years.
The question will be, what is a significant deal? Either way, Phase 3 will have been confirmed, and hopefully we will be much higher than where we are now.
Yes, that must be right. I got there in the end! He does a brilliant deal tomorrow, still has to wait three years to get his options. No deal at three years, he has to wait until the deal is done to exercise the options.
The RNS looks clear to me.
A significant deal must be completed between now and the next 3 years AND only then after 3 years can the grant of share options be vested.
If no significant deal signed and completed within 3 years from now, the grant of share options cannot be vested after 3 years.
But that don't mean it won't be vested at all. They could do a significant deal in, let say 5 years time as long as a significant deal is done and only after 3 years from now, can the grant of share options can be vested. They got 10 years to do it in from now.
Plain simple to me.
I've been watching IMM since 2017, but never invested.
Now though,
I'm in.
Lambo has gone quiet. Hopefully no one listened to him and sold near the bottom… Just a thought - is Flash just Lambo using a different username… Same highly unusual need to grab attention by knocking a stock in which he appears to have little interest. I say unusual because most people have better things to do with their time :)
Frits
Good post.
When Tim is vack from conference give him a call to clarify- he happy to talk to us shareholders.
I believe 2024 will truly be imm years
Gla
The problem, Cauld, is that the English is not plain. As a mathematician, the word comparative word 'latter' to me represents an 'Or' clause - the options vest in which ever one comes last. Then, as has been pointed out, we get an 'and' clause, implying both criteria must be met for the options to vest. The language supports both interpretations.
Flash. It is NOT the case that there are no conditions attached to the exercise of these share options. One of the three conditions is that a commercial of significant value to the company has been achieved. The Remuneration Committee will be the judge of that.
You either do not understand plain English or you are a blatant deceiver,
Flash212 - it's YOU who needs to re-read the RNS.
It quite clearly states:
"All Share Options will vest at the latter of:
· When the Company has completed a new commercial deal of significant value; AND (my capitals)
· 3 years from the date of issue"
The word "and" means they wouldn't vest at the end of 3 years without a new commercial deal of significant value within that period.
Having said all this, the phrase "significant value" is very wishy-washy. Why not put an actual minimum value on it?
I also don't like the fact that "The Remuneration Committee will determine when these conditions have been met". Talk about marking your own homework.
I disagree with that, in pharma world it is common to have share options even at the Associate Director level.
Have to say it seems a bit steep to me. Surely it's the CEO's job to pursue and sign commercial deals. Bit like awarding a whopping bonus to a university lecturer who actually delivers some lectures.