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Post by garrett on Mar 6, 2015 13:36:52 GMT -5
but Juerden undoubtedly got tipped off about the upcoming GS announcement! That's a heck of an accusation. What is your basis for it? It's called "Inductive Reasoning". Otherwise, how could one explain an insider selling 65% of his holdings 24-hours before a major announcement that could drive his stock down. It that just luck? |
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Post by jpg on Mar 6, 2015 13:51:52 GMT -5
That's a heck of an accusation. What is your basis for it? It's called "Inductive Reasoning". Otherwise, how could one explain an insider selling 65% of his holdings 24-hours before a major announcement that could drive his stock down. It that just luck? It's either luck or some deeply fraudulent and criminal actively that would need the collaboration of many insiders to falsify the paperwork for the preplanned sale. To me this is a no brainer. Mannkind is a not perfect (who is) but they have integrity and an honest leadership. What you are suggesting (a significant conspiracy to commit fraud) is not a rational explanation. |
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Post by savzak on Mar 6, 2015 14:02:55 GMT -5
That's a heck of an accusation. What is your basis for it? It's called "Inductive Reasoning". Otherwise, how could one explain an insider selling 65% of his holdings 24-hours before a major announcement that could drive his stock down. It that just luck? You're suggesting that the sole fact that he sold 65% of his holdings 24 hours before a downgrade by GS is sufficient evidence for you to conclude that he knew about the downgrade in advance of his sale. I disagree for a number of reasons.
1. Presumably he doesn't want to go to jail.
2. He won't be buying back in. He's an insider. He knows far more about the actual health and well being of MNKD than any outside analyst. If the condition of the company is good, he would presumably sell only if he could get back in at a cheaper price. Why would he sell at $6.50 if he thinks the price of the stock is likely to be significantly higher than that in a year UNLESS he can buy back in at a cheaper price?
3. He's an insider. He knows far more about the actual health and well being of MNKD than any outside analyst. If the condition of the company is bad, he could have acted on his own inside information sooner, like when the PPS was above $7. Why would he wait until $6.50 and the advance notice of an analyst downgrade to sell if he knows the condition of the company is bad?
4. Their selling program doesn't let them sell at will. They have to schedule the sale in advance.
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Post by garrett on Mar 6, 2015 14:07:09 GMT -5
It's called "Inductive Reasoning". Otherwise, how could one explain an insider selling 65% of his holdings 24-hours before a major announcement that could drive his stock down. It that just luck? It's either luck or some deeply fraudulent and criminal actively that would need the collaboration of many insiders to falsify the paperwork for the preplanned sale. To me this is a no brainer. Mannkind is a not perfect (who is) but they have integrity and an honest leadership. What you are suggesting (a significant conspiracy to commit fraud) is not a rational explanation. No nothing like that, what I am suggesting is "it appears" he had knowledge of the pending downgrade by GS and traded on it. So, I am looking for any other "reasonable" explanation involving his impeccable timing. |
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Post by BlueCat on Mar 6, 2015 14:28:31 GMT -5
If its "Pre-planned", its "Pre-planned". No timing, which requires planning, allowed.
If it wasn't pre-planned, then it would only make sense if he knew GS was beginning of the end. Which would be quite the surprise. And even still per Savzak and jpg, this would be some serious criminal activity. Why bother with that? And why not sell earlier?
I would suggest - flip this around.
GS knows the execs are selling on a regular basis. Perhaps they timed their downgrade by their shill for maximum impact.
Given MNKD and GS history - and the potential ROI for misdeed - which seems more likely? One guy working around a planned sale to get it at a lower, rather than higher, price and personally face prison time or lose said money -
or
Giant, greedy company doing something that skates rules and regs to make millions?
Hmmmm..... tough call ....
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Post by otherottawaguy on Mar 6, 2015 15:01:58 GMT -5
Just ask Martha how it works out in the end (not a dropping the soap joke either)...
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Post by xoxoxoxo on Mar 6, 2015 18:58:40 GMT -5
The reason I'm irritated with these sales is because the company should just be paying a higher salary instead of stock options that executives immediately sell. All this does is result in a lower share price and uncertainty about dilution while protecting them from having to explain higher than average salaries.
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Post by kc on Mar 7, 2015 0:00:46 GMT -5
Don't forget Tricare coverage. 0.0 for active duty military and $16.00 for retired military. You can bet that other government plans will adapt Afrezza like Tricare has done. Included a screenshot. All those yellow "Covered" are tier 3. The green is Tier 2. |
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Post by 4allthemarbles on Mar 16, 2015 9:53:43 GMT -5
Whenever I post on this topic about employees selling I get a lot of garbage about it. Just saying.
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Post by nugjuice on Mar 16, 2015 16:17:56 GMT -5
Whenever I post on this topic about employees selling I get a lot of garbage about it. Just saying. Agreed. I think the relentless selling by executives is my #1 biggest worry with the stock. Not one person has given me a good enough reason, besides the fact that they're pre-planned, that it's all by the millionaire (as opposed to billionaire) executives that are just diversifying intelligently, and that maybe, possibly, one of them is going through a divorce. Each answer leaves more questions unanswered: 1) Pre-planned - they could have been pre-planned from a week prior for all we know. Lots of companies don't place limitations on any length of time from when sales are planned to when they start. So it's not like "pre-planned" means it happened at least months prior. Hell, even if they were pre-planned, WHY would they plan them in advance around the time they just obtained FDA approval and the product first starts hitting the market? Seems like just about the dumbest time to pre-plan your sales, unless you thought sales would be awful and that would be the highest PPS. 2) Diversification - this is obvious, and is a smart move to diversify ones' holdings. Too many Enron stories where you have enough risk just by being employed with the firm, let alone adding to that risk by making it a part of your equity holdings. HOWEVER, the sheer scope in which some of these officers are selling is just beyond warranted IMO. Selling $millions of stock and only holding $100k worth can't be explained away by diversification. That's called fleeing the scene. Likewise, the billionaires holding onto their shares will wake up and still be billionaires tomorrow even if MNKD goes to $0. 3) Life events - all at once? They're all having cash-flow intensive life events at once? Likely in their late middle-aged years when they should have a nice slug of cash lying around a few savings accounts, a good amount in marketable securities, and no doubt access to a healthy amount of home equity? Doubtful. All the answers only lead to more questions |
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