Mar. 16 at 2:43 AM
$VXRT
DYOR and MYODs.
What‘s so sad and infuriating about this situation is shareholders would have been fine giving them all the shares in the Equity comp pool etc etc at
$50 mil market cap. Why wouldn’t they want that? Then you go borrow
$100 million to start with a 5 -7 year balloon payment secured by intellectual property to buy back shares.
Think about it you tell Sanofi lend us
$100 million and we’ll give you the option to take 10-20% of shares we buyback in lieu of balloon payment? Sanofi gets foot in door to be Vaxart‘s global commercialization partner. All the shares mgmt got at
$50 mil MC would be worth 20X at just
$1 Billion MC. Shorts are screwed. You going to sell us half our OS under a
$1?
Insider Ownership and share buybacks would have accomplished same as RS. They could have already been FN filthy rich and 100% focused on business.
Stay strong and vigilant.
DYOR and MYODs. GLTA!!