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<p>[QUOTE="anonymous, post: 6240665"]Im not sure which one of you is a troll and which one of you is an idiot, but I'm Celgene and I'll explain it like this. I have numerous RSU grants and numerous option grants. One grant of options - 5000@105. They were underwater. They are still underwater because we closed Friday at 96.04 With Friday's prices, those will convert to 10,800@48.62 (still the same 4% underwater ). Then I have to hope for the value to be unlocked over the coming near term as the Street realizes what a steal this was for BMY. Say the stock goes to 55. Then that option is worth $68,904. Not bad, but no great. The thing is for that to have happened with my original stock without a BMY gift, I'd have needed the CELG stock to go to $118.78 (remember it closed the year at 59). That just wasn't going to happen, but 55 is very likely even by Q4. </p><p><br /></p><p>I have dozens of options and RSUs spread out at various strike prices and cost basis( you see CELG understood the value of spreading equity over the entire corporation). Some will be quite valuable, others nearly worthless. What's not in dispute is this buyout accelerating the realization of my value by years. Thanks BMY. I always wanted a third home in the mountains to complement our place at the shore. Now I can spend weekdays in the city and weekends either at the shore or in the Poconos. Go BMY, we are counting on you.[/QUOTE]</p><p><br /></p>
[QUOTE="anonymous, post: 6240665"]Im not sure which one of you is a troll and which one of you is an idiot, but I'm Celgene and I'll explain it like this. I have numerous RSU grants and numerous option grants. One grant of options - 5000@105. They were underwater. They are still underwater because we closed Friday at 96.04 With Friday's prices, those will convert to 10,800@48.62 (still the same 4% underwater ). Then I have to hope for the value to be unlocked over the coming near term as the Street realizes what a steal this was for BMY. Say the stock goes to 55. Then that option is worth $68,904. Not bad, but no great. The thing is for that to have happened with my original stock without a BMY gift, I'd have needed the CELG stock to go to $118.78 (remember it closed the year at 59). That just wasn't going to happen, but 55 is very likely even by Q4. I have dozens of options and RSUs spread out at various strike prices and cost basis( you see CELG understood the value of spreading equity over the entire corporation). Some will be quite valuable, others nearly worthless. What's not in dispute is this buyout accelerating the realization of my value by years. Thanks BMY. I always wanted a third home in the mountains to complement our place at the shore. Now I can spend weekdays in the city and weekends either at the shore or in the Poconos. Go BMY, we are counting on you.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Bristol-Myers Squibb
>
CV Division and Celgene Acquisition
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Bristol-Myers Squibb
>
CV Division and Celgene Acquisition
>