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Post by mnholdem on Oct 7, 2014 18:11:15 GMT -5
Just when I'm thinking we ought to be seeing insider buying. What the heck?
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Post by pmikeks on Oct 7, 2014 19:34:44 GMT -5
Yeah I bought more yesterday, could have gotten it 20c a share cheaper today and looks like even cheaper tomorrow. It is pretty sad when we believe in Afrezza and the technosphere technology more then management does because they don't seem to think its a good buy at $5. Are we missing something? I know it won't go up until sales start in first quarter but I don't understand why it is going down so fast. Shorts still driving it down? No confidence in management? Normal cycle for biotech dip? Or something else?
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Post by jpg on Oct 7, 2014 22:08:58 GMT -5
It's called a preplanned sale.
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Post by mnkdorbust on Oct 7, 2014 22:45:04 GMT -5
Yeah I bought more yesterday, could have gotten it 20c a share cheaper today and looks like even cheaper tomorrow. It is pretty sad when we believe in Afrezza and the technosphere technology more then management does because they don't seem to think its a good buy at $5. Are we missing something? I know it won't go up until sales start in first quarter but I don't understand why it is going down so fast. Shorts still driving it down? No confidence in management? Normal cycle for biotech dip? Or something else? I would imagine that the management team could not buy shares even if they wanted to. At the company i work for most upper management is in a blackout period most of the year with several windows a year to exercise buys/sells. That combined with the fact that they obviously have insider information (aka info that you or i don't know) buying now would be illegal. The SEC/GOV actually takes action on insider trading so that is my personal thoughts on the issue of management not loading up. |
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Post by mnkdorbust on Oct 7, 2014 23:09:10 GMT -5
Just when I'm thinking we ought to be seeing insider buying. What the heck? I have not put any effort into verifying yet but saw on another forum that it is the result of a divorce settlement. Anyone heard/looked into it? |
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Post by mannmade on Oct 8, 2014 11:52:31 GMT -5
Am not sure but David Thompson sold a large amount of shares last year for his divorce settlement. He is General Counsel as I recall...
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Post by cybergym66 on Oct 8, 2014 11:57:53 GMT -5
Just when I'm thinking we ought to be seeing insider buying. What the heck? Someone much smarter than me once said there's many reason to sell but only one to buy. So I don't really put much stock into insider selling, and instead focus on them buying. Can anyone pull up records of MNKD insider buying? I'm curious to see how often it has happened in the past. |
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Post by otherottawaguy on Oct 8, 2014 12:31:13 GMT -5
When you are given as many shares as they are, there is no reason to buy more, unless you have lent them large amounts of cash from a very large line of credit.
OOG |
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Post by pmikeks on Oct 8, 2014 14:58:15 GMT -5
When you are given as many shares as they are, there is no reason to buy more, unless you have lent them large amounts of cash from a very large line of credit.
OOG What is troubling is when they do their pre-planned sale they should have the option to sell enough shares to pay the taxes and retain the remaining stock. Early on, Matt and a couple others did that part of the time now they just take the money. I can see they may not be able to buy stock because of insider information "blackout" and may never buy because of perpetual blackout ...because they aren't ever going to share any information with shareholders that isn't mandatory |
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Post by BD on Oct 8, 2014 15:56:45 GMT -5
pmikeks, after FDA approval, IIRC, they pretty much all did exactly what you describe (exercised options and sold enough to cover taxes.)
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Post by mnholdem on Oct 8, 2014 17:12:07 GMT -5
This one didn't exercise any options or it would have been noted on the Form 4 filing.
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Post by BD on Oct 8, 2014 18:18:23 GMT -5
mnholdem, I know, I was just addressing the comment about pre-planned sales (I assume that when most everyone in the company sells shares the same day, it was pre-planned... and I'm not sure it matters whether the sales involve the exercise of options or not. Money is money, and taxes are taxes.)
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Post by noonen on Oct 11, 2014 1:12:48 GMT -5
pmikeks, after FDA approval, IIRC, they pretty much all did exactly what you describe (exercised options and sold enough to cover taxes.) also the way i remember it. |
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Post by mnholdem on Oct 11, 2014 17:04:02 GMT -5
Something is still bothering me that I can't put my finger on. Why no insider buying? Why aren't they exercising their options-to-buy. Did management know pps was going to drop? They pay taxes based on the market rate when the shares are exercised, regardless of what the strike prices are!
Are they waiting until the deal is revealed or for launch? Or do they know Sanofi is planning to take a stake in the company?
Something I can't scratch is causing an itch in my brain.
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Post by kc on Oct 11, 2014 18:16:41 GMT -5
Could have been a sale for taxes which late filers have to file their returns on October 15, 2014
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