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Post by Chris-C on Aug 10, 2014 15:57:15 GMT -5
I think the key question about 10B5-1 sales is when were they planned? We don't know that information in this case, so any speculation about the intent of this 11% of holdings sale is a shot in the dark. When a person is spooked, every unknown or unexpected sound in the dark becomes a threat. 99% of the time, those sounds are not threats, they are just sounds. I think the same applies here. The question about why not cancel a planned sale if good news is imminent is valid only to the extent that it presumes the cash is not needed at a particular time. As one who has made many tuition and expense payments for kids in August, I can understand the need to get some cash. He's also Canadian, so he may get dinged twice for his gains. He is also of an age where it would not be unusual for him to have a kid or two in college. If he has two (not at all unusual), that doubles the cost, etc. The list of possibilities is infinite.
GLTAL
Chris-C
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Post by nialla44 on Aug 10, 2014 17:47:06 GMT -5
I was trying to figure out the formula that Thomson David was/is using for his automatic sales. I can't pin down any consistent formula, like the 3rd Thursday of every month for example. The following is what I came up with:
Here are the recent Automatic Sales in 30,000 shares quantity by Thomson David:
07-Aug-14 30000 MNKD Automatic Sale at $8.16 per share.
17-Jul-14 30000 MNKD Automatic Sale at $9.42 per share.
26-Jun-14 30000 MNKD Automatic Sale at $10.51 per share
Observations:
1) Approval by FDA was 06-27-14
2) Aug. 7 seems a little early compared to the other two sales, also right before BIG MONDAY. I don't know what to think about this one.
Comments Welcomed
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Post by mnholdem on Aug 10, 2014 19:06:17 GMT -5
He might also be using the money to invest in another company (hint, hint). I agree with most here, regardless. Who cares?
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Post by babaoriley on Aug 11, 2014 1:56:15 GMT -5
;)So, what did David Thompson know and when did he know it? LOL, nice to see someone playing by the friggin rules, good for David!
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Post by nialla44 on Aug 11, 2014 8:17:13 GMT -5
;)So, what did David Thompson know and when did he know it? LOL, nice to see someone playing by the friggin rules, good for David! I agree, at least from what I found, looks like he is playing by the rules. |
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