Mirati - oncology?

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anonymous said:
Deal is done with BMS, not Sanofi. How long do you think we have before layoffs?
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Oh my fearless leaders... sold too late in the game - few of us are getting rich from this.

Go ask turning point people what happens to us next. Years of loyalty and suffering under deeply evil people for nothing. Wastes lives and years....
 








“This transaction is a testament to the potential of our platform

anonymous said:
Oh my fearless leaders... sold too late in the game - few of us are getting rich from this.

Go ask turning point people what happens to us next. Years of loyalty and suffering under deeply evil people for nothing. Wastes lives and years....
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Cash out???? The vast majority of our options and RSU's are deeply underwater. This is arguably the worst career decision I could have made. IC and base salary were not worth leaving for...the hope and upside of a big buyout were the only reason to come...I lost at least a million dollars by leaving my former company and coming here. Yes...I'm bitter, as this was a disaster from jump. Terrible commercial leadership, awful culture, and not that great of a drug. Good luck to BMS with this dog.
 




anonymous said:
Cash out???? The vast majority of our options and RSU's are deeply underwater. This is arguably the worst career decision I could have made. IC and base salary were not worth leaving for...the hope and upside of a big buyout were the only reason to come...I lost at least a million dollars by leaving my former company and coming here. Yes...I'm bitter, as this was a disaster from jump. Terrible commercial leadership, awful culture, and not that great of a drug. Good luck to BMS with this dog.
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Second that. Every word is true. Only the top people are making money beyond what they gave up. Suckers!!!
 




anonymous said:
Cash out???? The vast majority of our options and RSU's are deeply underwater. This is arguably the worst career decision I could have made. IC and base salary were not worth leaving for...the hope and upside of a big buyout were the only reason to come...I lost at least a million dollars by leaving my former company and coming here. Yes...I'm bitter, as this was a disaster from jump. Terrible commercial leadership, awful culture, and not that great of a drug. Good luck to BMS with this dog.
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You lost a million dollars? Well you are a complete idiot then. (BTW< how does one lose a million dollars?)
 




You’re an idiot. You can easily lose one million dollars by walking away from invested stock or options. What planet did you grow up on? I guess you’re degree is from a local high school. Should have stuck to stocking shelves loser. I found this thread and immediately recognized the dummy on it.
 




anonymous said:
You’re an idiot. You can easily lose one million dollars by walking away from invested stock or options. What planet did you grow up on? I guess you’re degree is from a local high school. Should have stuck to stocking shelves loser. I found this thread and immediately recognized the dummy on it.
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You “found” this thread?! Sure thing skippy.

If you walked away from a million dollars to come here or anywhere else, you are indeed an idiot.

if a company won’t buy you out of what you have, it isn’t a good deal.

if you didn’t really have it (not vested, value went up later, etc) then you are crying about what could have been.
 




anonymous said:
You’re an idiot. You can easily lose one million dollars by walking away from invested stock or options. What planet did you grow up on? I guess you’re degree is from a local high school. Should have stuck to stocking shelves loser. I found this thread and immediately recognized the dummy on it.
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Arrogant elitist looking down on people and acting like you own us, just another day at Mirati. Yet, you don't even know the mirati data and cannot use PowerPoint! You fraud.

Yes, definitely can only be one person repeatedly defending their own shit show and self sucking while more than half the company wished they never joined and you thinking you know who, when there are dozens writing on here. I am sure HR love having you commenting on here whipping up a storm causing more resentment for all to feel.

Take care brush your hair! You look like shit!
 




anonymous said:
You’re an idiot. You can easily lose one million dollars by walking away from invested stock or options. What planet did you grow up on? I guess you’re degree is from a local high school. Should have stuck to stocking shelves loser. I found this thread and immediately recognized the dummy on it.
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The only idiot, dummy and badly educated here is the likes of you Which means you must be the key leader who has wrote to defend now many times in the same way despite waves of truthful info from many different people . You have no idea and are full of clueless BS. We all see through it. Checked out.
 




anonymous said:
Cash out???? The vast majority of our options and RSU's are deeply underwater. This is arguably the worst career decision I could have made. IC and base salary were not worth leaving for...the hope and upside of a big buyout were the only reason to come...I lost at least a million dollars by leaving my former company and coming here. Yes...I'm bitter, as this was a disaster from jump. Terrible commercial leadership, awful culture, and not that great of a drug. Good luck to BMS with this dog.
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Boo fucking Hoo…shut up already you whining bitch.
 




C suite took care of their stock under water.
Did everyone see the grant that happened for each member at $37 fairly recently

all the detail is in the sec filings august 10. But Mike saying that typically c suite makes out and employees don’t not being true in this instance…. Bullshit
 












anonymous said:
You’re an idiot. You can easily lose one million dollars by walking away from invested stock or options. What planet did you grow up on? I guess you’re degree is from a local high school. Should have stuck to stocking shelves loser. I found this thread and immediately recognized the dummy on it.
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No one walked away from 1 million unvested to work at Mirati you dummy. Your post is a lie and seltzer fueld exaggeration. No go order some catering you dope
 








anonymous said:
You lost a million dollars? Well you are a complete idiot then. (BTW< how does one lose a million dollars?)
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First time getting equity at a biotch?

Let me explain it to you. One has shares, both options and RSU's. The strike price on the options is $5 and current share price is $45 in per share. Unfortunately, most of those shares are not vested so when Mirati comes calling they "sell" you on the huge upside of their equity piece and how you will more than make up what you are leaving on the table when we get bought out for 2x or 3x current share price that was about $100 a share at the time. Seems reasonable, as successful oncology biotechs often fetch 2x on their current share price. So you work the math, adding in a signing bonus and a few quarters of launch IC, a bump on your base, border of your current drug or job, and if things go accordingly to plan from a buyout perspective Mirati seems like a plausible risk to take.

So said employee, after the BMS announcement, looks at their previous employer's current share price and they see that it actually increased from $45 to $60 and now more of those shares would have been vested, so had they just stayed put they would have a million dollars in value, sure not all of it is vested yet but far better than making literally nothing here. Not to mention if their previous company gets bought out and the vesting gets accelerated, the share price would be even higher and all shares would be vested, so a million could be on the lower end of the loss.

If your point is, "well you never actually had the million", let me stop you there as that is nonsensical. If you look at your eTrade account and you see current account value is $700,000 and your potential account value is, $1,000,000 the last heading shows total account value of $1,700,000...meaning if you do nothing, and the share price remains exactly the same you will have have $1,700,000 at the completion of your vesting schedule. Point being if the person who took the Mirati opportunity would have just stayed put they would have $1,700,000 on their hands at the end of the vesting schedule provided the share prices doesn't tank.

Look, you may think those of us who left similar situations mentioned about are idiots, I don't disagree. I am one of those idiots, and trust me I am very angry with myself for buying into the BS from all those involved with the hiring/recruiting process. Needless to say it was an expensive lesson to learn.
 




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