The latest Investing Matters Podcast episode with multi-award-winning fund manager and international bestselling author Lee Freeman-Shor has just been released. Listen here.
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If it gets worse we could always sue.
US shareholder lawsuits have led to billions of dollars in payouts. Now investors stung by UK stock price drops are increasingly turning to litigation.
Institutional investors in Serco this week reached a settlement with the outsourcing company over a contract overcharging scandal that prompted a plunge in its shares, in the first case of its kind to go to trial in England.
Similar lawsuits are piling up in the High Court against other London-listed companies including Glencore, Standard Chartered and Barclays.
Keith Thomas, head of securities litigation at law firm Stewarts, said such cases had accelerated as a result of investors’ desire to “hold companies to account” for “egregious governance failures”
I shall leave you to reflect in your positivity here. All is great in the world of obd warrants and great news. Enjoy
@Newuncle. I will take your 18p and raise you to 27p or even to 36p or, or. What is your point? That Birrows will sell OBD shares to cover the cost of the options? OK. So if he can get the price to 50p then good for him and fkaming good for you, me and anyone else here who is under water
But first I'll contact Samsung, because last time I checked beyong isn't a word.
So why flipping replace it with it!!
Think we need someone with a bit of legal prowess here, so we understand it a little better for coming to assumptions of what it entails.
Who is to say wombat isn't right?
Or are we being raided?
It's beyong my wheelhouse I'm afraid, it's seem incentives based, but dubious at best.
But I'll.hold for a bump in price for sure till.i know more about the legalities of it
Because he doesn't have to spend a penny of his own money exercising warrants . If he exercises say 1million at 9p and the shares are valued at say 18p he can sell half to cover the warrant costs and gets the rest for nothing. No risk, no outlay required, simple and easy money. You can adjust accordingly for lower or higher potential prices .
So, what am I missing here?
The CEO has been granted options over ten million shares whereby he can take £900,000 of HIS OWN MONEY to exercise at 9p, vesting over three years from 2025. Why would he do that? Now, before y’all start hitting the keyboard with your responses, take a minute. Is there genuinely something I am missing here (that is a sincere question - not rhetorical)? Gambling £900,000 of his own money. On OBD. Again, why would he do that? Breath. Think. Breathe a little more. The CEO having a glide-path to making serious money if he can get the share price up well past 9p. What is wrong with that?
How can you believe what Burrows says when something like this happens.
Huge wages
Bonuses
And share incentives
The man is milking this for all it’s worth. It’s a total disgrace and a huge slap in the face for shareholders that have bought shares with their hard earned wages, to be lied to and mislead the markets.
The nomads are not much better by letting this happen
Shame on you.
Ha ha ha
Utterly unbelievable!
Burrows is useless at 'driving' the company. It has tabked under his so-called leadership.... now he gives himself 3% of the market shares and for what?
I got out of this share sometime back as it was clear what was happening. I only had it on my Watchlist so I could be 'amused' at the BODs inifference and downright immoral tactics.
So it's finally time to resign Burrows to the dark pages of the filure bin.
The only winner here is Burrows. What ever happens he keeps sucking his over-inflated salary yer-on-year. Likewise giving himself massive blocks of iotions is a win-in-win. No capital loss and all potential profit.
I hope this somehow does make PIs some profit, but there are times when you dump a company for good.
Good luck to those seeking something from this. Rhere are so many more opportunities here to give better odds.
Try TRX.l..... year on year consistent 20% growth, expansion plans always bearing fruit and a damned good BOD. It's heading towards decent profitability and worth considering.
Yes I have shares in them but its not a 'pump' its simply giving those who are not aware of them what I think is a decent, honet tip.
Bye bye to this board CIAO
Total joke, but they obviously see 9p as a target, and my average is 12p, so that 5.2p buy has paid dividends there, my one and only top up since the disaster, tiny but extra from me, I could probably recoup 90% this investment back.
All things considered, I'll take that
And of course it's like having a free bet at Ladbrokes getting warrant options, no upfront money required, can cancel them any time if above market prices, can exercise by simply taking the options and then selling using the cash generated to pay for them. Some will say that these things incentivise management....maybe that's what they were originally designed for but back in the day CEOs did not earn the kind of salary and bonus packages they get today. Now they are a freebie which can pay off very nicely just for doing your job.
Also seems a bit lob sided when Burrows gets virtually all the option shares and hardly any left ever for anyone else......
10,665,020 options over its ordinary shares of 1 pence each ("Ordinary Shares"), to certain Group employees,
10,150,020 options to Chief Executive Officer, Dr Jon Burrows
21 June 2024 - Oxford BioDynamics Plc (AIM: OBD), a biotechnology company developing precision medicine tests based on the EpiSwitch® 3D genomics platform, announces that it has granted a total of 10,665,020 options over its ordinary shares of 1 pence each ("Ordinary Shares"), to certain Group employees, including 10,150,020 options to Chief Executive Officer, Dr Jon Burrows ("the Grant of Options"). The options were granted under the Company's 2016 Employee Share Option Plan with an exercise price of 9p per share
Well it's hardly a challenging target at 9p, another £911,251 in his pocket if he exercises at this price.
They are certainly milking this for all it's worth all at the shareholders detriment.
Btw please don't feel the need to empathise with me on my previous situation, all clear for 6 years now so all good thanks to a skilled surgeon and amazing robotic technology via the NHS
Well Dusty at risk of breaking my purdah here, there is an old saying that came to mind with OBD's delivery performance here (the product/science I aint got an issues with or the potential markets etc plus the extreme good they could do in the process for men with suspected PC or a family history of PC as I have been there, has the biopsy and the surgery that save my life in the end).
No one wanted PSE Test to be widely available more than me as I remember the day the specialist told my biopsy grades were 4/5 and 5/5 which is virtually a death sentence and I would not wish that experience on any one ever.
You can't put lipstick on a pig where OBD's commercial nounce is concerned, no matter what other numbers are used to dress them up. You may be waiting a while for some really good news here but I am sure Burrows will want to feed something to the market whenever he can.
Sorry new uncle, but it's just sounding off which I cba hearing at this point, months of it
🤐
No s h i t sherlock
There's no profit, the company has cumulative losses approaching £40m
This guy, loves stating the obvious doesn't he 👌💯
BWTF Burrows gets paid more than annual profit!!!!
Now that's the way to run a business
🤣🤣🤣
Thank you, you too as we're gona need it
All I can say dusty is good luck
I think Kong, that's you missed 5p buys and.are worried you may potentially be running out of time, I only need one half spike now, and I'm right up to the average. Anything can happen