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Post by sayhey24 on Mar 7, 2022 16:32:15 GMT -5
Trade Alert: The Independent Director Of MannKind Corporation (NASDAQ:MNKD), Jennifer Grancio, Has Just Spent US$300k Buying 83% More Shares Simply Wall St March 7, 2022, 2:59 am Potential MannKind Corporation (NASDAQ:MNKD) shareholders may wish to note that the Independent Director, Jennifer Grancio, recently bought US$300k worth of stock, paying US$2.71 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 83%. Notably, that recent purchase by Jennifer Grancio is the biggest insider purchase of MannKind shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$3.00. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices. While MannKind insiders bought shares during the last year, they didn't sell. On 2/24 the delay of Tyvaso DPI was announced. On 2/28 Jennifer and all her buddies bought a boat load of MNKD stock. It was reported on another thread all these shares were bought open market and not exercising of options. What does Jennifer, Mike and the rest know? Mike now has over 1.5M shares. |
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Post by buyitonsale on Mar 7, 2022 17:35:49 GMT -5
They know that 682MM market cap based on share price on 2/28 was way undervalued.
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Post by mytakeonit on Mar 7, 2022 17:57:30 GMT -5
sayhey ... Mike bought more shares because it was embarrassing that I had more shares than he did.
But, that's mytakeonit
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Post by cedafuntennis on Mar 7, 2022 22:23:41 GMT -5
Maybe it's time to lock this thread...
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Post by prcgorman2 on Mar 8, 2022 7:55:17 GMT -5
Before we do, I’d like to ask the investors that routinely complain that Mannkind management don’t buy enough shares whether Dr. Castagna’s recent purchase, and now current holdings of 1.5 million shares meets their criteria (in terms of purchases and holdings) for satisfaction with management’s apparent indications of faith in the good prosects of Mannkind? I was unconcerned prior to this point and remain so. What do others think?
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Post by cretin11 on Mar 8, 2022 9:57:03 GMT -5
The recent purchases indicate MNKD execs believe $2.71 was a good buy and that the stock is more likely to go up than down from that price point.
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Post by prcgorman2 on Mar 8, 2022 10:00:20 GMT -5
The recent purchases indicate the MNKD execs believe that at $2.71 the stock is more likely to go up than down from that price point. That cut-and-dried? A simple trade? Why do I doubt that? Probably because that seems mechanical and uninspired. |
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Post by cretin11 on Mar 8, 2022 10:05:00 GMT -5
The recent purchases indicate the MNKD execs believe that at $2.71 the stock is more likely to go up than down from that price point. That cut-and-dried? A simple trade? Why do I doubt that? Probably because that seems mechanical and uninspired. You read “inspired” into the purchases? I suppose not surprising. Had they been buying that heavily at various times when shares were in the $4 to $6 range (when all the same events were in play), I’d be more aligned with your inspirational view. My assumption is they are not emotional investors but rather pragmatic ones. Also curious what a stock purchase looks like that is not “mechanical.” Maybe they would all sing a song in three part harmony as they click the “buy” button? Please share a YouTube link or something so we can see an example for ourselves. |
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Post by awesomo on Mar 8, 2022 10:10:28 GMT -5
Before we do, I’d like to ask the investors that routinely complain that Mannkind management don’t buy enough shares whether Dr. Castagna’s recent purchase, and now current holdings of 1.5 million shares meets their criteria (in terms of purchases and holdings) for satisfaction with management’s apparent indications of faith in the good prosects of Mannkind? I was unconcerned prior to this point and remain so. What do others think? Like I said, purchases at open market prices is never a bad thing, but let’s not pretend he wasn’t gifted a vast majority of those shares. |
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Post by uvula on Mar 8, 2022 10:43:22 GMT -5
And who gifted those shares to him? We did.
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Post by peppy on Mar 8, 2022 10:50:41 GMT -5
And who gifted those shares to him? We did. No. The majority of share holders are the institutions. They were stolen. Susie Sunshine signing off. |
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Post by prcgorman2 on Mar 8, 2022 11:19:10 GMT -5
Before we do, I’d like to ask the investors that routinely complain that Mannkind management don’t buy enough shares whether Dr. Castagna’s recent purchase, and now current holdings of 1.5 million shares meets their criteria (in terms of purchases and holdings) for satisfaction with management’s apparent indications of faith in the good prosects of Mannkind? I was unconcerned prior to this point and remain so. What do others think? Like I said, purchases at open market prices is never a bad thing, but let’s not pretend he wasn’t gifted a vast majority of those shares. I agree. No pretense. That said, if your company pays you your wages or a bonus, do those feel like gifts to you? They don’t to me. I like getting RSUs but I don’t feel like they’re gifts. I feel like they’re compensation. And if I was a director on the Board of a company distributing those shares, I wouldn’t feel like they were gifts to the employees. And RSUs can be and have been tied to performance. |
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Post by prcgorman2 on Mar 8, 2022 11:21:44 GMT -5
That cut-and-dried? A simple trade? Why do I doubt that? Probably because that seems mechanical and uninspired. You read “inspired” into the purchases? I suppose not surprising. Had they been buying that heavily at various times when shares were in the $4 to $6 range (when all the same events were in play), I’d be more aligned with your inspirational view. My assumption is they are not emotional investors but rather pragmatic ones. Also curious what a stock purchase looks like that is not “mechanical.” Maybe they would all sing a song in three part harmony as they click the “buy” button? Please share a YouTube link or something so we can see an example for ourselves. Whoa. Keep your shirt on, Chester. I can tell emotion plays a part in your investing at least. |
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Post by awesomo on Mar 8, 2022 13:25:36 GMT -5
Like I said, purchases at open market prices is never a bad thing, but let’s not pretend he wasn’t gifted a vast majority of those shares. I agree. No pretense. That said, if your company pays you your wages or a bonus, do those feel like gifts to you? They don’t to me. I like getting RSUs but I don’t feel like they’re gifts. I feel like they’re compensation. And if I was a director on the Board of a company distributing those shares, I wouldn’t feel like they were gifts to the employees. And RSUs can be and have been tied to performance. Little different from random employees getting RSUs and the CEO who also sits on the board of directors gifting himself increasing amounts of free shares. Even more obnoxious is the bonus structure they used to determine the increase. Extra credit on their performance for fundraising to counteract the lack of script growth, nice... |
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Post by prcgorman2 on Mar 8, 2022 13:28:50 GMT -5
I agree. No pretense. That said, if your company pays you your wages or a bonus, do those feel like gifts to you? They don’t to me. I like getting RSUs but I don’t feel like they’re gifts. I feel like they’re compensation. And if I was a director on the Board of a company distributing those shares, I wouldn’t feel like they were gifts to the employees. And RSUs can be and have been tied to performance. Little different from random employees getting RSUs and the CEO who also sits on the board of directors gifting himself increasing amounts of free shares. Even more obnoxious is the bonus structure they used to determine the increase. Extra credit on their performance for fundraising to counteract the lack of script growth, nice... Makes you wonder why those silly institutional investors go along with such shenanigans. What could they be thinking!?! |
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