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Post by Deleted on Mar 6, 2015 9:00:52 GMT -5
you allowed me exactly three minutes of excitement between when script numbers were released showing a 36% w/w increase and when you decided to sell nearly 2/3rds of all your remaining shares.
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Post by shortslaver on Mar 6, 2015 9:01:37 GMT -5
He sold everything he has minus the stuff he recently got for free. It's disappointing to see the entire board just dumping gobs of stock the last few months.
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Post by garrett on Mar 6, 2015 9:11:16 GMT -5
These insiders make their decisions and then hide their sales under a 10b5-1 Plan - that's not right.
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Post by notamnkdmillionaire on Mar 6, 2015 9:13:31 GMT -5
He sold everything he has minus the stuff he recently got for free. It's disappointing to see the entire board just dumping gobs of stock the last few months. Isn't he dumping due to a divorce settlement?
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Post by savzak on Mar 6, 2015 9:14:27 GMT -5
These insiders make their decisions and then hide their sales under a 10b5-1 Plan - that's not right. What exactly is not right about a person selling his asset if he chooses to do so?
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Post by shortslaver on Mar 6, 2015 9:15:24 GMT -5
He sold everything he has minus the stuff he recently got for free. It's disappointing to see the entire board just dumping gobs of stock the last few months. Isn't he dumping due to a divorce settlement? I have no idea and it's probably not a real issue. You just hate to see it - especially when the stock is performing very poorly.
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Post by shortslaver on Mar 6, 2015 9:16:23 GMT -5
These insiders make their decisions and then hide their sales under a 10b5-1 Plan - that's not right. What exactly is not right about a person selling his asset if he chooses to do so? When you're a leader of a company and an insider it looks bad. Especially since every insider at this company including the new CEO has been dumping over the last few months. It's probably smart financial planning but people hate to see a companies leadership dumping stock.
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Post by garrett on Mar 6, 2015 9:20:15 GMT -5
These insiders make their decisions and then hide their sales under a 10b5-1 Plan - that's not right. What exactly is not right about a person selling his asset if he chooses to do so? Nothing as long as we know why! Just does not make sense if things are so great
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Post by nemzter on Mar 6, 2015 9:22:12 GMT -5
Come on guys, he's probably retiring and needs the funds to transfer to the the charity that he's going to be dedicating the rest of his life to
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Post by mnholdem on Mar 6, 2015 9:31:31 GMT -5
Okay... I just changed my sentiment back to Exhuberant Pumper. Considering what I'm about to post, I will leave it there for the day...hell, why not the whole weekend, since it's Friday.
I am of the opinion that some of these MannKind officers are exercising their Options-to-Buy awards and selling, because they will not be working at MannKind Corporation for much longer.
Several months ago, I read the SEC filings related to these Options-to-Buy and Restricted Options and I recall the document clearly stating that an employee whose employment with MannKind Corporation is terminated (whether voluntarily or involuntarily) loses any awards that have not been exercised, even if they are vested.
This selling may indicate that some folks are moving on. I can only speculate why, but there are a few scenarios that have been bantered around, including a restructuring of the company and buyout, to name just two. It might be simply that these folks want to leave. They sure as hell have been given enough money to retire several times over, but some may be interested to moving to new challenges (and riches?) offered by another biotech company.
I guess as long as Al doesn't sell, I'm not too concerned.
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Post by shortslaver on Mar 6, 2015 9:38:22 GMT -5
Several months ago, I read the SEC filings related to these Options-to-Buy and Restricted Options and I recall the document clearly stating that an employee whose employment with MannKind Corporation is terminated (whether voluntarily or involuntarily) loses any awards that have not been exercised, even if they are vested. Could you find that somewhere and post a link? Usually, once you exercise the option and it becomes stock you own it. However, that can be expensive since you have to pay the strike on the option and immediately pay taxes on the difference between the stock price and the strike price - this can be a lot of money. Also, you generally have 90 days to exercise any vested options after you part with the company under any circumstance. I'd be curious to see the link you're citing because I've never heard of rules like that. However, I fully acknowledge they could exist.
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Post by Chris-C on Mar 6, 2015 9:38:43 GMT -5
Question: Do they have to release these Form 4 filings before the market opens? What dictates when the filing is made public? Curious, because I'd prefer that it be done after the market closes on a Friday, rather than before. (Not that it probably makes much difference in the relentless downward slide we are used to experiencing.)
What's the expression- "if it wasn't for bad news, we'd have no news at all!" LOL! Give me a debbie downer badge.
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Post by garrett on Mar 6, 2015 9:45:49 GMT -5
So, Juerden sells 65% of his holding in MannKind on 03/02/15 at an average price of $6.54 based on a 10b5-1 Plan which he, of course, setup weeks before and then suddenly, within 24 hours of his sale, Goldman puts out a major sell on the stock.
I have to commend Juerden - his timing was extraordinary!
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Deleted
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Post by Deleted on Mar 6, 2015 9:50:29 GMT -5
So, Juerden sells 65% of his holding in MannKind on 03/02/15 at an average price of $6.54 based on a 10b5-1 Plan which he, of course, setup weeks before and then suddenly, within 24 hours of his sale, Goldman puts out a major sell on the stock. I have to commend Juerden - his timing was extraordinary! Don't forget that hakan sold at the ytd top
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Post by nugjuice on Mar 6, 2015 10:19:18 GMT -5
Have they addressed these sales on any calls? Or anywhere whatsoever?
Mann and Edstrom each still have over 1 million shares, but this Martens character only have 70k shares left, when he's sold over 750k shares over the past year, is just inexcusable for top management.
The insider selling, along with insurance companies classifying it as a tier 4 specialty drug, are the 2 things that worry me the most about MNKD
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