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Post by wyattdog on Aug 23, 2023 16:06:09 GMT -5
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Post by bthomas55ep on Aug 23, 2023 16:32:33 GMT -5
We are good at employee stock issuance!! Hopefully keeping everyone motivated toward the prize! Just wish we'd get one of those material news filings (the good kind) every once in a while! GLTA |
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Post by dh4mizzou on Aug 23, 2023 18:03:23 GMT -5
I hope they, and us, become filthy rich.
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Post by prcgorman2 on Aug 23, 2023 20:00:27 GMT -5
Thank you Wyattdog! And thank you MannKind for paying your employees with stock that costs us next to nothing! ;-)
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Post by mytakeonit on Aug 23, 2023 20:49:00 GMT -5
With that much more motivation to work hard ... WE ARE GOING TO BE RICH !!!
But, that's mytakeonit
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Post by markado on Aug 23, 2023 21:17:49 GMT -5
Yayyyyy! Another 9% dilution in ownership to existing shareholders. Woohoo! And for those counting that's 28M of the now anticipated 296M shares. See what I did there? It's called math. Never seen so many be so happy about owning less of something at the stroke of a pen. I think the entire employee base should be rewarded when the stock price doubles or triples from its current levels, and not until then. JMO. If we have to wait for our rewards, then they should work/wait to be rewarded along with us. They weren't hired with these additional incentives in place, so I assume their cash compensation and other benefits were sufficient to attract them to their jobs in the first place. Delayed gratification and SMART goals are not bad things.
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Post by mymann on Aug 23, 2023 21:24:31 GMT -5
400 million shares more to reward themselves.
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Post by agedhippie on Aug 23, 2023 21:42:27 GMT -5
Thank you Wyattdog! And thank you MannKind for paying your employees with stock that costs us next to nothing! ;-) It is you paying the employees, not Mannkind. That's why these schemes are so popular with companies - it moves the cost from them to the shareholders  |
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Post by letitride on Aug 24, 2023 5:30:15 GMT -5
Pretty effective scheme its been for Mannkind to move from possible bankruptcy to possible profitability. I like it!
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Post by hellodolly on Aug 24, 2023 5:55:07 GMT -5
It really doesn't matter how employees of any public company are paid, whether cash compensation and other benefits and/or with their employers stock. These are the benefits that attract top talent and are necessary in a competing environment and this is the MNKD voter approved method.
I'm actually surprised we still have Mike. He made mention in a podcast a few months ago that most talent only sticks around five to seven years with a company before they look for a new challenge. Companies need to do their best to retain the talent rather than have someone walk out the door with all the corporate knowledge and connections just to start all over. Filling their nest with golden eggs is essential for longevity, especially with successful talent like Mike. I don't know where we would stand without the incentives when it comes to recruiting and retaining top talent, without it. The MNKD market structure is built on these awards.
Bottom line, who, what when, where, how and why they're awarded with shares along with who, what, when, where, how and why its financed, is neither here nor there. We all made the decision to support the companies entire operations by becoming willing and voluntary participants, in exchange for a piece of the company, and supporting their effort to grow their revenue so that one day they're successful enough that these awards don't matter. That's how this works and I fully endorse the ongoing effort to use their shares for all the reasons I explained above.
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Post by BD on Aug 24, 2023 9:10:59 GMT -5
With this price action (up a tad) since the filing, it sure looks to me like there's been some insider selling the past several days in advance of this, and now the dilution has been priced in. So maybe that's something we should bear in mind the next time there's a 5%-ish drop on no news, business as usual at Insider, Inc.
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Post by awesomo on Aug 24, 2023 9:37:24 GMT -5
Also important to note, it is more beneficial for execs that the share price is suppressed when issuing free shares because it is based on total value, not number of shares. Lower share price = more shares granted.
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Post by cretin11 on Aug 24, 2023 10:24:14 GMT -5
400 million shares more to reward themselves. Hey, don't forget it's also to ward off all the hostile takeover bids. |
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Post by prcgorman2 on Aug 24, 2023 10:59:35 GMT -5
I'll avoid the temptation to also indulge in silly hyperbole and sarcastic mocking and just say I don't understand the additional 9% dilution Markado was referring to or the dilution that BD was referring to. I spent some time rummaging around in the 10Q but it's a lot and I don't have the time. Can someone please plainly and dispassionately describe the quantity of shares they think have been awarded (post earnings call)? Thanks in advance.
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Post by mayday on Aug 24, 2023 11:15:18 GMT -5
400 million shares more to reward themselves. Hey, don't forget it's also to ward off all the hostile takeover bids. You nailed it. We almost missed the forest for the trees! |
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