JG doesn’t start in the role for four months (Sep 7th). In the meantime CG will be running the ship and JG attending the board meetings as a consultant. He obviously wanted a healthy break between jobs.
Coincidentally, Sep 7th is the one year anniversary of the revamped P2b trial announcement.
They have based his sign on option award of 6,690,000 options (1% of the company at present if all exercised) on the 5 day VWAP before this announcement (about 7.5c) as he wouldn’t want to sign up now to the SP in 4 months time when it could be a lot higher (hint hint).
The announcement is a bit vague on what the exercise prices will be, as they only refer to the “value”.
September 2023 is also a coincidence as it marks when ANP no longer have any IONIS patents (all expired, or not renewed).
Big changes in the last 9 months which could be out of desperation, or hopefully more likely, CG has a cunning plan and there’s positive things going on that we can’t be made aware of at this time.
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