|
|
Post by sonic22 on Apr 10, 2015 21:40:46 GMT -5
Hey guys,
Been awhile since I posted. So far I know its been painful and I certainly have no big Pharma experience but I gotta have faith in SNY and Al Mann that the controlled launch is what was needed. You can't beat the social media positives of Afrezza and I think once the summer comes SNY will be really pushing it. This isn't SNY or Al Mann's 1st time pushing a brand new revolutionary drug so I think we have to give them the benefit of the doubt. I certainly won't go into the other forces that are working against MNKD at this time that we all know are there.
The reason for my post was in regards to Feuerstein's comment about 10B5-1 trading plans. I'm not here to bash anyone however it got to me because before my current job I worked at a big 4 acctg firm for 10 years. 10B5-1 plans were established so high ranking executives pre determined when they would sell shares usually months to years in advance to avoid insider trading. They certainly do no enact these plans and sell days or weeks later. We can certainly debate whether we agree or disagree with insider selling but that rule that was created was for insiders to periodically sell stock well in advance of any material positive or negative events they are unaware of. To have Feuerstein say that MNKD execs should cancel their 10b5-1 plans and buy stock shows just how out of touch with reality he is. Cancelling a 10b5-1 plan by any executive would cause major red flags and I don't know the stats but in Corporate America I am pretty sure the cancellation of them is less than 5%. There is no Corporate General Counsel or auditor that would recommend cancelling these plans due to the legal nightmare that would come from investors and probably the SEC.
Take for instance the CRL in January 2011...Imagine if all the insiders cancelled their plans in December 2010 that were supposed to sell in 2011 throughout the year. MNKD was expecting FDA approval so why not cancel them right?.. however the whole reason is not to have insider knowledge of material events. Even though the CRL letter came and MNKD stock went down all of them would have been accused of insider trading....imagine if the FDA approved it and they cancelled their plans...pretty sure they would be in front of Congress asking why they cancelled knowing the FDA decision was around the corner. I certainly don't like insider selling at all but the 10B5-1 plans are IMO the best thing for top ranking execs to periodically sell shares in the future without knowing what the future holds. Feuerstein obviously doesn't' understand this because if he did every company he was positive in he should tell all their execs to cancel their 10B5-1 plans...Im sure they will follow his advice. ha |
|
|
|
Post by joeypotsandpans on Apr 10, 2015 23:19:29 GMT -5
The ironic part of AF's moronic statement is that rather than MNKD being Al's "waterloo" it will ultimately be AF's waterloo...he's spent years devoted to pounding the table against biotechs in general at a time when the sector has outpaced the broader indices. So of late he is pounding the table against the whole sector stating it is in a bubble...if he has been a paid "forensic" source for certain hedge funds to short the sector, I can't imagine the pain those hedge funds have been going through...but then again, that's what they get for working with a political science graduate....the other irony about his statement is that I think he subconsciously suffers from Napoleonic syndrome and thus Al is a giant of a human being in comparison. Anyone care to venture a guess what AF's epitaph will say?  |
|
|
|
Post by notamnkdmillionaire on Apr 11, 2015 5:44:07 GMT -5
The ironic part of AF's moronic statement is that rather than MNKD being Al's "waterloo" it will ultimately be AF's waterloo...he's spent years devoted to pounding the table against biotechs in general at a time when the sector has outpaced the broader indices. So of late he is pounding the table against the whole sector stating it is in a bubble...if he has been a paid "forensic" source for certain hedge funds to short the sector, I can't imagine the pain those hedge funds have been going through...but then again, that's what they get for working with a political science graduate....the other irony about his statement is that I think he subconsciously suffers from Napoleonic syndrome and thus Al is a giant of a human being in comparison. Anyone care to venture a guess what AF's epitaph will say? Which begs the question why Adam is still a senior columnist for The Street.com? He has been wrong for so long YET Cramer still employs him. It is like the Rolling Stone Fake Rape story. Everyone still has their job even when they were caught fabricating a story to fit their radical agenda. There no longer is any accountability in journalism which highly leans to the left. They are agenda driven. Facts and fact checking is no longer necessary. |
|
|
|
Post by kball on Apr 11, 2015 6:13:08 GMT -5
The ironic part of AF's moronic statement is that rather than MNKD being Al's "waterloo" it will ultimately be AF's waterloo...he's spent years devoted to pounding the table against biotechs in general at a time when the sector has outpaced the broader indices. So of late he is pounding the table against the whole sector stating it is in a bubble...if he has been a paid "forensic" source for certain hedge funds to short the sector, I can't imagine the pain those hedge funds have been going through...but then again, that's what they get for working with a political science graduate....the other irony about his statement is that I think he subconsciously suffers from Napoleonic syndrome and thus Al is a giant of a human being in comparison. Anyone care to venture a guess what AF's epitaph will say? Here Lies the Liar. No Dancing. |
|
|
|
Post by afrizzle on Apr 11, 2015 7:03:55 GMT -5
Which begs the question why Adam is still a senior columnist for The Street.com? He has been wrong for so long YET Cramer still employs him. It is like the Rolling Stone Fake Rape story. Everyone still has their job even when they were caught fabricating a story to fit their radical agenda. There no longer is any accountability in journalism which highly leans to the left. They are agenda driven. Facts and fact checking is no longer necessary. I think (some people) may still be senior because they do a good job. If hypothetically, the business model is to scream SELL while buying behind the scenes, or to scream SELL to protect your employers who hold short then what would be the ideal job description. -obnoxious -capable of adapting to any opinion you are instructed to espouse -pathological liar -no regard for personal credibility -unconcerned about long term reputation (provided they are paid) |
|
|
|
Post by gomnkd on Apr 11, 2015 7:59:53 GMT -5
It is not about being wrong. By sheer luck, he'll be right 50% of time. It is about how much you can get a person riled up. How much can you make people talk about you? It is about clicks and page views.
In a world of so much noise, the toddler who screams the loudest gets the most attention.
And MNKD longs make such a great punchbag for him.
|
|
|
|
Post by mooseybear on Apr 11, 2015 8:15:12 GMT -5
here lies Adam the curious result of 4 and a half billion years of evolution yet lived his life with all the morality of the original single cell amoeba
or the worlds shortest poem
FLEAS
ADAM
HAD'EM
|
|
|
|
Post by spiro on Apr 11, 2015 9:16:49 GMT -5
Gomnkd is exact;y right. we all love to hate A.F. Spiro personally, will not click on any of his hit pieces, mainly because he gets the displeasure of reading them here anyway.
It's a rare event when an investor can be 100% confident about a stock that he has invested in. Spiro has always had a ton of confidence in MNKD, that's why he started buying shares years ago. But now that Spiro gets to wake up everyday and see that Afrezza has taken control of his Type 2 diabetes, he knows for a fact that Afrezza works. It also doesn't hurt that Spiro occasionally talks to Afrezzauser. Spiro is not happy with MNKD's share price now, but he is not ready to start pointing fingers and finding someone to blame, because Afrezza was launched less than 3 months ago. However, if things don't get better soon, Spiro will be buying one of those $1000 NFL helmets to protect him from head banging against his wall. They told Spiro, that those helmets are so good that head banging would not even jar the dreamboat out of his mouth.
Spiro here
|
|
|
|
Post by tripoley on Apr 11, 2015 10:01:19 GMT -5
Gomnkd is exact;y right. we all love to hate A.F. Spiro personally, will not click on any of his hit pieces, mainly because he gets the displeasure of reading them here anyway. It's a rare event when an investor can be 100% confident about a stock that he has invested in. Spiro has always had a ton of confidence in MNKD, that's why he started buying shares years ago. But now that Spiro gets to wake up everyday and see that Afrezza has taken control of his Type 2 diabetes, he knows for a fact that Afrezza works. It also doesn't hurt that Spiro occasionally talks to Afrezzauser. Spiro is not happy with MNKD's share price now, but he is not ready to start pointing fingers and finding someone to blame, because Afrezza was launched less than 3 months ago. However, if things don't get better soon, Spiro will be buying one of those $1000 NFL helmets to protect him from head banging against his wall. They told Spiro, that those helmets are so good that head banging would not even jar the dreamboat out of his mouth. Spiro here Out of curiosity which $1000 NFL team helmet will Spiro be buying? |
|
|
|
Post by ashiwi on Apr 11, 2015 12:17:13 GMT -5
The team from Siberia
|
|
|
|
Post by spiro on Apr 11, 2015 13:08:01 GMT -5
occasionally,
it pains Spiro to say, but that would be the Miami Dolphins. He is just a pathetic homegrown fan.
|
|
|
|
Post by pmikeks on Apr 13, 2015 9:11:26 GMT -5
I am not sure what Mannkind Corp. executive compensation plan consists of but I wonder if they have an actual executive bonus plan like the majority of corporations or if the 10B5-1 is their "bonus plan". While I don't like the impact of mannkind executives continually exercising and selling, it would help explain why they do it. If that's their bonus plan it would be nice if they said so to negate AF and others.
|
|
