So, Greg Collier, that poor man, may be without a job.However,...

So, Greg Collier, that poor man, may be without a job.
However, not everything is lost for him:
* The Company may terminate this employment agreement by providing 6 months written notice or provide payment in lieu of the notice period.

Perhaps there is more for him to collect. No hard details for the time being.

On top of whatever, we have THOSE options granted in February 2011, not long after Colliers previous 3mil options lapsed worthless. They lapsed unexercised because the share price was where it was - TOO LOW.

This 70c T/O deal is worth a cool $1mil+** to Dr Collier just on the Feb. 2011 options alone.
Very generous of the CXS shareholders to hand out 4,578,667 options exercisable @ a low 47.5c each.

With a same day transaction and no capital outlay, Collier will see a handy return from the kind Chemgenex shareholders.

Did someone think out loud, that the major CXS shareholders voted YES for the Feb. 2011 options as it was all part of the Cephalon takeover strategy to win CXS board support - Nah, that could not be so, or could it?

**
10 Feb. 2011
Granted 4,578,667 options exercisable @ 47.5c = $2,174,866
T/O CSX shares @ 70c x 4,578,667 =..............$3,205,066
Gain ...........................................$1,030,200