RE: Pardon me if this has already been raised...

Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

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Larscot

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RE: Pardon me if this has already been raised...

posted on Apr 06, 2006 03:47PM

Just getting a few minutes and looking at the 14K now....

Regarding the issuance of shares within the 2/28/06 60 day window (as noted in page 2 of the 14K), I`m wondering if the deal is this:

Exercise all your PAST (they used the term ``outstanding``) options, and you will be compensated by the issuance of X (new) shares (not options)...is this a way of clearing out options under the old option plan, as to remove any ``overhang`` or issues under the old plan?

Not clear if they will receive new options (with retroactive vesting) under the new plan, i guess that would be hammered out individually once the new plan is approved (and I bet it will be)...