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Post by cjc04 on Aug 8, 2018 19:57:40 GMT -5
For a company that is on its last leg and appears to be completely dependent on its stock for survival, it’s interesting that right here, right now, they not only have the time to worry about an employee purchase plan but they don’t seem very concerned with dedicating 21 mil shares to it.
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Post by tinkusr8215 on Aug 8, 2018 20:07:40 GMT -5
For a company that is on its last leg and appears to be completely dependent on its stock for survival, it’s interesting that right here, right now, they not only have the time to worry about an employee purchase plan but they don’t seem very concerned with dedicating 21 mil shares to it. they would worry if the company has to pony up the $$ to issue the shares.. But They are issuing new shares diluting existing share holders. The employees once they buy those shares @1.05 are already up what 30%?
Nice deal....Wish most of us had that kind of safety net.
They have 140 million shares authorized. Until they run close it , there wont be any concern.
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Post by tugman on Aug 8, 2018 20:13:08 GMT -5
For a company that is on its last leg and appears to be completely dependent on its stock for survival, it’s interesting that right here, right now, they not only have the time to worry about an employee purchase plan but they don’t seem very concerned with dedicating 21 mil shares to it. It’s a real head scratcher. That burst of employee purchasing, reported Monday, was at 1.31. I believe. Now@. 1.05? Workers were fine at 1.31, management must’ve been hyper quiet on 1.05 I wish I was as unconcerned as many. I wish Dr. Kendall would purchase some... My hope, Fri. Script #s are stellar and a Partnership with $$$ is announced... My hope. |
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Post by brotherm1 on Aug 8, 2018 20:32:55 GMT -5
cars, employee incentive plan.....Mike said he wants to attract the best talent. Makes perfect sense: instantly increase morale, energize employees, show them the stars... Great sales people don’t work for peanuts. I want the best and so do the docs. At this early stage of growth we need to sell it hard until it begins to become a household name and sells itself. We’re going for the gold now, not later.
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Post by MnkdWASmyRtrmntPlan on Aug 8, 2018 20:36:04 GMT -5
If the SP keeps going up, employees will have greater incentive to buy shares at $1.05. That would make great demand for that $22M shares. And it would be nice if they were able to buy so much that there was a short supply, which would cause employees to get greedy with buying as many shares as they could afford before they ran out. A natural, organic way to fund the company, elevate employee's commitment, and send SP up (SP always goes up when executives buy large sums, but if the whole company buys  oh, boy). |
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Post by cjc04 on Aug 8, 2018 20:47:16 GMT -5
For a company that is on its last leg and appears to be completely dependent on its stock for survival, it’s interesting that right here, right now, they not only have the time to worry about an employee purchase plan but they don’t seem very concerned with dedicating 21 mil shares to it. they would worry if the company has to pony up the $$ to issue the shares.. But They are issuing new shares diluting existing share holders. The employees once they buy those shares @1.05 are already up what 30%?
Nice deal....Wish most of us had that kind of safety net.
They have 140 million shares authorized. Until they run close it , there wont be any concern.
i really don’t have anything to say to any of that. |
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Post by traderdennis on Aug 8, 2018 21:08:07 GMT -5
If the SP keeps going up, employees will have greater incentive to buy shares at $1.05. That would make great demand for that $22M shares. And it would be nice if they were able to buy so much that there was a short supply, which would cause employees to get greedy with buying as many shares as they could afford before they ran out. A natural, organic way to fund the company, elevate employee's commitment, and send SP up (SP always goes up when executives buy large sums, but if the whole company buys oh, boy). Can the employees flip the shares? |
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Post by traderdennis on Aug 8, 2018 21:21:37 GMT -5
If the SP keeps going up, employees will have greater incentive to buy shares at $1.05. That would make great demand for that $22M shares. And it would be nice if they were able to buy so much that there was a short supply, which would cause employees to get greedy with buying as many shares as they could afford before they ran out. A natural, organic way to fund the company, elevate employee's commitment, and send SP up (SP always goes up when executives buy large sums, but if the whole company buys oh, boy). Can the employees flip the shares? The more I think about this the more I believe is this is the new MNKD payroll. Why use cash when you can pay your employees stock. Should be nice when the price is above 1.05. Hope the floor can go down if the stock goes down. Hope they can flip on the first and fifteenth. |
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Post by brotherm1 on Aug 8, 2018 21:37:29 GMT -5
I think you’re thinking too hard
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Post by joeypotsandpans on Aug 8, 2018 21:48:12 GMT -5
Can the employees flip the shares? The more I think about this the more I believe is this is the new MNKD payroll. Why use cash when you can pay your employees stock. Should be nice when the price is above 1.05. Hope the floor can go down if the stock goes down. Hope they can flip on the first and fifteenth. I believe that typically there is a vesting period, 5 yrs. is pretty much the average I've seen. You would have to see the plan for the language on how it vests. It's not quite an ESOP but sounds like it captures a lot of the attributes of one. With ESOP's the company typically goes through an annual valuation and each employee gets a percentage allocated based on the valuation. In the one plan I had been involved with the amount each employee received was based on their annual income and they had to be/remain with the company for six years before they were vested. It serves quite a few purposes, employee retention, great talking point when recruiting, greater sense of pride and positive morale as each employee senses that they have a piece of the ownership and are motivated towards the company's continued growth and success. One thing is for sure, it does not typically take the place of regular payroll, I wouldn't think they are paying their rents/mortgages with it as it is not a liquid type of compensation. |
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Post by Omega on Aug 8, 2018 22:02:16 GMT -5
MNKD has 200 employees I believe, or around there. I'm seeing 250 anywhere I find Employee Count data. |
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Post by mytakeonit on Aug 8, 2018 22:09:09 GMT -5
These stock incentives really are an excellent way to motivate the employee to work their hardest/smartest to bring the company to greatness. By selling them shares versus just giving it to them, they will feel more committed.
BTW, they rejected my job application because I have too many shares that will go to my daughter. They rather have her work for the company.
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Post by joeypotsandpans on Aug 8, 2018 22:32:48 GMT -5
The more I think about this the more I believe is this is the new MNKD payroll. Why use cash when you can pay your employees stock. Should be nice when the price is above 1.05. Hope the floor can go down if the stock goes down. Hope they can flip on the first and fifteenth. I believe that typically there is a vesting period, 5 yrs. is pretty much the average I've seen. You would have to see the plan for the language on how it vests. It's not quite an ESOP but sounds like it captures a lot of the attributes of one. With ESOP's the company typically goes through an annual valuation and each employee gets a percentage allocated based on the valuation. In the one plan I had been involved with the amount each employee received was based on their annual income and they had to be/remain with the company for six years before they were vested. It serves quite a few purposes, employee retention, great talking point when recruiting, greater sense of pride and positive morale as each employee senses that they have a piece of the ownership and are motivated towards the company's continued growth and success. One thing is for sure, it does not typically take the place of regular payroll, I wouldn't think they are paying their rents/mortgages with it as it is not a liquid type of compensation. Adding: I also remember talking with someone that worked for Winco Foods and they told me they were worth well over 7 figures from their ownership stake in their company, when I asked what they did they told me they were a checkout clerk, had to google the name of the chain as I couldn't remember it, here's a couple of links, pretty crazy how well it worked out for these employees  www.wincofoods.com/about/an-employee-owned-companywww.forbes.com/sites/maryjosephs/2014/11/05/millionaire-grocery-clerks-the-amazing-winco-foods-story/#7d0201a65700So bringing this back full circle, although it's not an ESOP, the incentive plan comes with similar attributes IMO. When I couple that with the conversations I had with the local MNKD rep regarding their background and why they chose to come to work for the company it makes a lot of sense why Mike and company would set this plan up. The rep had worked for DXCM and saw them grow into their potential, with that in mind and their belief in Afrezza it was a no brainer if the reps they are hiring (I believe there are a fair amount from DXCM btw) can see how it will end up playing out. With Kendall added to the mix and from what most of us saw at the ASM, I would venture quite a decent percentage end up participating. |
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Post by tinkusr8215 on Sept 4, 2018 13:12:32 GMT -5
Well Played Mannkind Management for the 20 million shares @ $1.05.
Best timing. Intentionally
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Post by kite on Sept 4, 2018 13:13:19 GMT -5
Well Played Mannkind Management for the 20 million shares @ $1.05. Best timing. Intentionally Please elaborate? |
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oh, boy).
