Company is worthless

Quote
No if you buy the stock now through the ESPP you can deduct $15.00 per share then you can personally resell it on the open market if it’s open and make a bundle. That will be my strategy moving forward on an ongoing basis.
 






What do you expect from Mirand Du. She came from communist Vietnam, as a boat person, she was educated at Berkeley University, and appointed by Barack HUSSEIN Obama! All the more reason to take no one as a refuge from these communist countries!
 






anonymous said:
No if you buy the stock now through the ESPP you can deduct $15.00 per share then you can personally resell it on the open market if it’s open and make a bundle. That will be my strategy moving forward on an ongoing basis.
Click to expand...

What if we get laid off or furloughed? I think Buyout is a long shot and not happening because it can’t due to Appeals...but if window is still open, wouldn’t the money just be returned to us and we won’t be able to utilize the ESPP?
 






anonymous said:
No if you buy the stock now through the ESPP you can deduct $15.00 per share then you can personally resell it on the open market if it’s open and make a bundle. That will be my strategy moving forward on an ongoing basis.
Click to expand...

That is not at all how it works. You have the option to purchase it at either the strike price when the program started, or at the strike price when the program ends. If you chose to purchase it at $15 when the stock is at $4, I doubt you'd even be allowed to, but if you could, you would need heavy counseling and possibly institutionalization directly after as you would have just directly thrown away a lot of money.

Stick with the program. If the window isn't open when the program ends and the company doesn't seem to be moving towards better prices, you can still drop out and get your money back.

Amazing how little research people do before handing over significant portions of their check...
 












The worst part of all of this is those of us who’ve been here since the beginning and have given so much to this company only to be kicked in the gut. We’ve watched the upper management get insanely rich while we buy shares on our own anytime that damn window opened. Now it’s meaningless. And no acknowledgment from JT in that call for the hard work that’s been given to him by the sales force all these years...just keep growing. Unbelievable.
 






anonymous said:
That is not at all how it works. You have the option to purchase it at either the strike price when the program started, or at the strike price when the program ends. If you chose to purchase it at $15 when the stock is at $4, I doubt you'd even be allowed to, but if you could, you would need heavy counseling and possibly institutionalization directly after as you would have just directly thrown away a lot of money.

Stick with the program. If the window isn't open when the program ends and the company doesn't seem to be moving towards better prices, you can still drop out and get your money back.

Amazing how little research people do before handing over significant portions of their check...
Click to expand...

I'm banking on using them as TOILET paper...
 






anonymous said:
The worst part of all of this is those of us who’ve been here since the beginning and have given so much to this company only to be kicked in the gut. We’ve watched the upper management get insanely rich while we buy shares on our own anytime that damn window opened. Now it’s meaningless. And no acknowledgment from JT in that call for the hard work that’s been given to him by the sales force all these years...just keep growing. Unbelievable.
Click to expand...

What do you expect him to do for you? Do you think he hoped for this decision? He lost more money in an hour than anyone else. Get a corporate job and work your way up and one day you can be brass and make a ton of $, and everyone below you will talk about you the way you talk about them now. No matter what company you work for, upper management will make a lot of money and sales reps won't, until and IF you get to VP level, which on a team of 1000 other people, is unlikely. What would have been a satisfying response on the call? He didn't look to give a "we tried hard" speech because he isn't throwing the towel in. This decision and the precedent it sets isn't good for the industry as a whole. Companies will cease to invest in quality research if they know socialist judges will just nullify their hard work and give the fruits to undeserving scavengers. Nobody wanted this and the focus is on working to overturn. And we all still have jobs.
 






anonymous said:
What do you expect him to do for you? Do you think he hoped for this decision? He lost more money in an hour than anyone else. Get a corporate job and work your way up and one day you can be brass and make a ton of $, and everyone below you will talk about you the way you talk about them now. No matter what company you work for, upper management will make a lot of money and sales reps won't, until and IF you get to VP level, which on a team of 1000 other people, is unlikely. What would have been a satisfying response on the call? He didn't look to give a "we tried hard" speech because he isn't throwing the towel in. This decision and the precedent it sets isn't good for the industry as a whole. Companies will cease to invest in quality research if they know socialist judges will just nullify their hard work and give the fruits to undeserving scavengers. Nobody wanted this and the focus is on working to overturn. And we all still have jobs.
Click to expand...

set a precedent? You must be a young rep. This has been going on for 20 yrs at least. I can remember the first medicine I ever trained on had patent challenges within 3 yrs of being launched......over 20 yrs ago.
 






Top Bottom
Back
Quote