biocryst's last roll of the dice, page-7

Quote:
"Meantime, in a pre-emptive bid to win the Worst Biotech CEO for 2013, BioCryst CEO Stonehouse announced Friday the firing of 50% of the company's workforce in order to preserve enough cash to pay his salary".

Dont Biota shareholders see some similarities in the moral!
Remember Peter Cook settled the GSK lawsuit and asked shareholders to vote on a special resolution to reward him 0.5 million of free options for normalising relationship with GSK. Despite shareholders voting down the resolution, he still collected his free options and went on to praise GSK for their on-stopshop-marketing using Relenza to sell GSK Pandemic vaccines!
As we know today, the normalised relationship is one BIG LIE.
One reason given to settle was the costs of litigation and settlement was to PRESERVE CASH instead of funding the litigation!!