I have a feeling this arrangement has spawned out of Doug pulling out of the investor call last minute due to family issues. Don't know level of effort Sam needs to put in to earn that $80k pa, but I'm assuming it's more than picking up a phone and making a quick call. Looks like he's sitting on 3 boards right now, and running his own biomech company, so perhaps wants to make it worth his while.
Separately, had a quick look at Sam's background and his experiences align to commercialisation activities (sale roles, running change management programs, product innovation etc). Not a banker or IR pedigree nor are we cash strapped, so I'd assume they just need a warm and engaged body here in Australia with key decisions run out of Carlsbad.
As for $80k pa, not a ridiculous amount. and hoping it's a short term cost while efforts are focussed on securing deals in US.
GLTAH. AIMHO.
LDX Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
