Apr. 17 at 10:20 AM
$ABUS Why do we need 16MM new shares for executive compensation? It’s obvious they’re winding down the company. Sofia exits before phase 2’s complete,
$ROIV takes over the board, company publicly states return litigation process to shareholders signaling no intention of pursuing phase 3 for AB-736, down to 19 employees. We’re obviously in a multi year process of monetizing the assets.
This unwinding process is managed by consultants (Morgan Stanley, Goldman Sacks, etc), not anything that
$ROIV’s puppet CEO brings to the table.
I’m a hard no on item 2. We cannot enrich a C Suite that is adding no value to shareholders. The value was added when the decision was made to monetize all the assets. Done, gone, history. With JP Morgan at your back a monkey could manage the process from here on out. There’s only 19 total employees (
$4 MILLION PER EMPLOYEE). For gods sake. No, no, no.
