Karyopharm - oncology

[anonymous]

No doubt that this an intern at Argot replying. It is well known that R has online reputation cleaners.

What excuses will be needed in March? Further dilution of the stock to save delisting? The enterprise value doesn’t change and the same problems the company has today, it will have then and the original point still holds, R has done nothing to fix anything.

Lastly, R was on the BOD prior to becoming CEO, so he knew EXACTLY what the problems were and what he was getting himself into. There should have been ZERO surprises for R and he had a huge jump start to fix them.

That makes his failures even more embarrassing.

OK this wins the day! Mic drop!

 

[anonymous]

OK this wins the day! Mic drop!

The other dude (or woman) was right about the old CEO’s severance, options, and possible rug pull though. I feel like they are arguing two different points. Hope it’s done either way

 

[anonymous]

The other dude (or woman) was right about the old CEO’s severance, options, and possible rug pull though. I feel like they are arguing two different points. Hope it’s done either way

M's severance is here...they were not right about anything. No one was arguing any of those points. It was public info: Transition Agreement, dated March 28, 2022, between the Company | Karyopharm Therapeutics Inc. | Business Contracts | Justia

No one was arguing the mechanics of how stock options work or M's severance package - there was no disagreement there. That was a stupid argument meant to deflect things away from R and onto M. Classic, yet basic PR move. They were arguing with themselves and it was clear it was an R paid for lackey.

"Rug pull" argument was also stupid. M's optioning of those shares had no effect on the share price, then or today. Again, it was a look over there and don't look here argument.

Notice not one time could the person name an R accomplishment or implemented fix. They argued that M was a problem, they argued that R inherited issues, yet still could not name one thing R did move the company along...not one. Because there isn't any. If you work here you know that.

To the other poster's point, which is by far the most damaging indictment of R, is him being on the BOD(I did not know that), which means he knew, or should have known, what the issues he would be inheriting were and to have a plan to fix them. I assume that's how he talked his way into the job..."Look I'm the guy for the job...I have watched M's failings and missteps and I know how to fix them, and how to usher Karyopharm into its next phase".

If he didn't know, he lacks vision, and if he did know then he lacks the talent and ability to fix them...either way he has been a terrible CEO...no denying that.

 

[anonymous]

“But wasn’t he paid over a million out the door?
And was he allowed to sell all his shares (rug pull)?”

Maybe you should read what I wrote.

Exercising options is buying (and perhaps selling after). I don’t know the exercise price of his options, but the continued drop in the stock price questions whether exercising those options has been a profitable trade between his departure and March 31, 2025.

He owned shares outright outside of the options and since he is no longer an insider we have no visibility on whether he sold those shares.

Rug pull - when someone is provided mass liquidity and sells out leaving other holders with devalued shares.

No one is arguing that he didn't get a million dollars...the other poster said he 'probably got more'... they were agreeing with you, and a million dollar severance is peanuts for a CEO. Look at RP's salary lately?

Also, what do you mean by 'he was allowed to sell his shares'? Why wouldn't he be allowed to sell his shares? If vested they are his shares to sell. Once he is no longer with company, to your point, and no longer an insider, he is free to sell his shares in accordance with SEC regulations and compliance clearances. That one has be puzzled...was he supposed to hold those share into perpetuity after he was removed as CEO?

That rug pull comment makes no sense at all either, it was the BOD, the one R P was/is a member of, that approved that separation agreement, so if anyone pulled the rug it was the BOD not MK.

On that note, let's talk about insider holdings..so the entire amount of shares held by insiders at our company run around 5%-6%. MK, and Shar, even if they sold every share they owned, would not flood the market enough to move the share price and the institutions would merely snatch them up to support the current share price if they felt there was a risk in a sell off...and even so, if they had confidence in KPTI, they would let the share price slip and then accumulate on the cheap. Cleary you know little of investment banking.

Just look at how many institutional shares move in a day or a week. What those two had to sell would look like a rounding error, comparatively. You really are not making any sense and have very little knowledge of these things.

Bottom line neither of those two things are why the company has a seventy cents share price today.

For what it's worth, I also think MK was a terrible CEO...unfortunately RP is worse, however the arguments you are making are asinine.

 

[anonymous]

No one is arguing that he didn't get a million dollars...the other poster said he 'probably got more'... they were agreeing with you, and a million dollar severance is peanuts for a CEO. Look at RP's salary lately?

Also, what do you mean by 'he was allowed to sell his shares'? Why wouldn't he be allowed to sell his shares? If vested they are his shares to sell. Once he is no longer with company, to your point, and no longer an insider, he is free to sell his shares in accordance with SEC regulations and compliance clearances. That one has be puzzled...was he supposed to hold those share into perpetuity after he was removed as CEO?

That rug pull comment makes no sense at all either, it was the BOD, the one R P was/is a member of, that approved that separation agreement, so if anyone pulled the rug it was the BOD not MK.

On that note, let's talk about insider holdings..so the entire amount of shares held by insiders at our company run around 5%-6%. MK, and Shar, even if they sold every share they owned, would not flood the market enough to move the share price and the institutions would merely snatch them up to support the current share price if they felt there was a risk in a sell off...and even so, if they had confidence in KPTI, they would let the share price slip and then accumulate on the cheap. Cleary you know little of investment banking.

Just look at how many institutional shares move in a day or a week. What those two had to sell would look like a rounding error, comparatively. You really are not making any sense and have very little knowledge of these things.

Bottom line neither of those two things are why the company has a seventy cents share price today.

For what it's worth, I also think MK was a terrible CEO...unfortunately RP is worse, however the arguments you are making are asinine.

“Seriously are you that new to this? He probably got more than that. Typically, when you leave an organization you must exercise your options, even the CEO…”

That was said… That is not a true statement. You aren’t required to exercise your options. That statement came from someone just running their mouth and not liking to be called out on it.

You can’t exercise an option on a stock when that option is out of the money.

 

[anonymous]

No one is arguing that he didn't get a million dollars...the other poster said he 'probably got more'... they were agreeing with you, and a million dollar severance is peanuts for a CEO. Look at RP's salary lately?

Also, what do you mean by 'he was allowed to sell his shares'? Why wouldn't he be allowed to sell his shares? If vested they are his shares to sell. Once he is no longer with company, to your point, and no longer an insider, he is free to sell his shares in accordance with SEC regulations and compliance clearances. That one has be puzzled...was he supposed to hold those share into perpetuity after he was removed as CEO?

That rug pull comment makes no sense at all either, it was the BOD, the one R P was/is a member of, that approved that separation agreement, so if anyone pulled the rug it was the BOD not MK.

On that note, let's talk about insider holdings..so the entire amount of shares held by insiders at our company run around 5%-6%. MK, and Shar, even if they sold every share they owned, would not flood the market enough to move the share price and the institutions would merely snatch them up to support the current share price if they felt there was a risk in a sell off...and even so, if they had confidence in KPTI, they would let the share price slip and then accumulate on the cheap. Cleary you know little of investment banking.

Just look at how many institutional shares move in a day or a week. What those two had to sell would look like a rounding error, comparatively. You really are not making any sense and have very little knowledge of these things.

Bottom line neither of those two things are why the company has a seventy cents share price today.

For what it's worth, I also think MK was a terrible CEO...unfortunately RP is worse, however the arguments you are making are asinine.

The day-to-day trading of the stock market has nothing to do with investment banking. What in the world are you talking about? Investment banking has to do with underwriting an IPO, mergers, and acquisitions. It has nothing to do with secondary shares trading on the market. Where did you guys study?

 

[anonymous]

The day-to-day trading of the stock market has nothing to do with investment banking. What in the world are you talking about? Investment banking has to do with underwriting an IPO, mergers, and acquisitions. It has nothing to do with secondary shares trading on the market. Where did you guys study?

Perhaps you should look at our institutional holders...

 

[anonymous]

“Seriously are you that new to this? He probably got more than that. Typically, when you leave an organization you must exercise your options, even the CEO…”

That was said… That is not a true statement. You aren’t required to exercise your options. That statement came from someone just running their mouth and not liking to be called out on it.

You can’t exercise an option on a stock when that option is out of the money.

You are 100% wrong. Typically you have 30 days to exercise any vested options upon leaving a company, whereas your unvested options are forfeited.

 

[anonymous]

Perhaps you should look at our institutional holders...

Those are funds, not investment banks. You do know there are different departments at those institutions, right?

 

[anonymous]

You are 100% wrong. Typically you have 30 days to exercise any vested options upon leaving a company, whereas your unvested options are forfeited.

There is no “typically” about it. If you believe that then go read the atypical severance agreement upon which MK has until March 2025 to exercise his options. Seriously guys, you throw 100% around with cases against all over the place. It’s hard for anyone to take you seriously.

 

[anonymous]

“Seriously are you that new to this? He probably got more than that. Typically, when you leave an organization you must exercise your options, even the CEO…”

That was said… That is not a true statement. You aren’t required to exercise your options. That statement came from someone just running their mouth and not liking to be called out on it.

You can’t exercise an option on a stock when that option is out of the money.

"You can’t exercise an option on a stock when that option is out of the money"

You clearly never had any options before.

Yes you can exercise an option that is under water...you can exercise your option not to purchase the shares at a loss, and allow them to expire...which is what most of us at KPTI will be doing...and it is what MK probably did as he most likely had strike prices in the $30's and $20's.

And yes, most companies have stipulations that you must exercise your vested options when leaving a company. I have done this several times in my career and usually had a window of when I had to exercise them.

 

[anonymous]

Those are funds, not investment banks. You do know there are different departments at those institutions, right?

I'd check again...and perhaps you do not know the difference between a fund and bank.

 

[anonymous]

There is no “typically” about it. If you believe that then go read the atypical severance agreement upon which MK has until March 2025 to exercise his options. Seriously guys, you throw 100% around with cases against all over the place. It’s hard for anyone to take you seriously.

You are kidding right? That was a CEO's negotiated separation agreement. That is certainly not typical on any level. Also what is the point? That doesn't change any of the facts of why KPTI is failing miserable under R's stewardship...

 

[anonymous]

WOW!!! Heard this thread was going off! Glad to see we are spending money with consultants to monitor and reply on Cafe Pharma.

 

[anonymous]

You clearly never had any options before.

Yes you can exercise an option that is under water...you can exercise your option not to purchase the shares at a loss, and allow them to expire...which is what most of us at KPTI will be doing...and it is what MK probably did as he most likely had strike prices in the $30's and $20's.

And yes, most companies have stipulations that you must exercise your vested options when leaving a company. I have done this several times in my career and usually had a window of when I had to exercise them.

Usually and always don’t have the same meaning. As it pertains to the conversation, did MK have to exercise his options in 30 days, 90 days, a year? No, he didn’t.

Exercising an option is to buy. Letting it expire worthless is not exercising.

If you walk in a room of financial experts and say “I exercised my options.” No one is thinking, “oh, he is holding with until they expire.”

Nice try though.

I'd check again...and perhaps you do not know the difference between a fund and bank.

You can check again.

Investment banks are holders of Karyopharm but the majority of the top holders are hedge funds, long-only funds, and index providers. JPM, BNP Paribas, and Goldman are there but they aren’t the largest holders. They are actually far down the list. Today, they probably own $700,000 to $1,000,000 worth of stock.

You don’t have to take my word for it. Do your own research, but Vanguard, Blackrock, Palo Alto, Eversept, Adage, Citadel, Marshall Wace, and Avidity are NOT investment banks.

If you want to prove me wrong, respond with the holders and their capital invested to prove there are significant investment banks invested.

 

[anonymous]

I'd check again...and perhaps you do not know the difference between a fund and bank.

The top holders are funds. Vanguard, Blackrock, Eversept, Palo Alto, Adage, Avidity, Citadel, and Marshall Wace are not investment banks. There are investment bank holders but maybe $700,000 to $1,000,000 each, nothing major.

 

[anonymous]

The top holders are funds. Vanguard, Blackrock, Eversept, Palo Alto, Adage, Avidity, Citadel, and Marshall Wace are not investment banks. There are investment bank holders but maybe $700,000 to $1,000,000 each, nothing major.

The top holders are funds. Vanguard, Blackrock, Eversept, Palo Alto, Adage, Avidity, Citadel, and Marshall Wace are not investment banks. There are investment bank holders but maybe $700,000 to $1,000,000 each, nothing major.

Ok, so insert "funds" where the poster stated "investment banks". Still holds true.

In the end both MK and RP where and are terrible CEO's. The company is a failure. No one will make any money off of the stock and the fact people are arguing who was worse, or what term was misused is laughable.

 

[anonymous]

With all the back and forth on inconsequential points this wins btw...


"by far the most damaging indictment of R, is him being on the BOD(I did not know that), which means he knew, or should have known, what the issues he would be inheriting were and to have a plan to fix them. I assume that's how he talked his way into the job..."Look I'm the guy for the job...I have watched M's failings and missteps and I know how to fix them, and how to usher Karyopharm into its next phase".

If he didn't know, he lacks vision, and if he did know then he lacks the talent and ability to fix them...either way he has been a terrible CEO...no denying that."

 

[anonymous]

Ok, so insert "funds" where the poster stated "investment banks". Still holds true.

In the end both MK and RP where and are terrible CEO's. The company is a failure. No one will make any money off of the stock and the fact people are arguing who was worse, or what term was misused is laughable.

I don’t know why both CEOs cant be horrible. Saying MK sucked as a CEO does not mean saying RP was great as a CEO.

 

[anonymous]

I don’t know why both CEOs cant be horrible. Saying MK sucked as a CEO does not mean saying RP was great as a CEO.

While I don’t disagree, MK hasn’t been the CEO in almost 4 years. Whatever trash RP was inheriting he should have been fully aware. So what we have today is far more on RP than MK.