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Post by brentie on Aug 11, 2015 17:14:25 GMT -5
It would appear that right now, (with 92 votes) this board is lending out about 2 1/2 % of the shorted shares.
Not a real game changer, Matt.
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Post by patryn on Aug 11, 2015 17:49:34 GMT -5
I've mentioned before that one of the reasons I bought more shares in MNKD in the first place was because of the share lending program. It is my belief that short term price fluctuations do not impact my investment thesis as long as MNKD is solvent long term and has some growth prospects. I never bought into MNKD expecting a 5x or 10x return on investment in a short time frame, and I believe that anyone who thinks that is just flat out gambling. I wanted the semi steady returns on a good interest rate for lending out my shares, and stock appreciation is really just a bonus in that it gets me a higher interest amount on my shares, since I almost never sell unless the business model for the business fundamentally changes. This is offset by the fact that with the higher price, it means I can buy fewer shares with the interest payment so it stays pretty balanced for me. I am adding approximately 10k shares of MNKD per month to my holdings as the interest amount/ share price is actually fairly constant. The only way that investors make money is to think in terms of fractional ownership of a business, not shares and share appreciation. As a fractional owner of MNKD, I expect to one day receive a dividend payment from the profits that MNKD generates with its line of Technosophere powered drugs. In the meantime, I am content making a small return in interest income that I will immediately use to repurchase more shares. I will not be selling for the next 20 years short of the business model changing. This is why I am not worried about the short term price fluctuations nor am I concerned by the "I want my profit now" short term investors. Hope you don't expect a dividend from Mannkind anytime soon. Maybe in 20 years  I run my own business and the only way that I monetize my holdings as a shareholder in that business is if the business turns a profit and then pays out dividends. Why would I expect anything different from the other companies that I own (albeit in much smaller amounts)? Granted, it is possible that I could sell my business holdings and monetize that way, but the only way another company would buy mine is if that company believed that it could generate revenue from our intellectual property, software, sales, and people. Hence, my investment in MNKD is one where I expect to be paid dividends and hopefully not in 20 years, but if that's how long it takes and the opportunity cost on the money I invested is not too high then that's what I'll wait for. I'm patient - I don't need this money in the next while - probably not until I decide to launch a new business venture |
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Post by gwb on Aug 11, 2015 18:17:26 GMT -5
I thought it might be interesting to find out how many shares could be pulled from the shorts' clutches if we were to all cease lending our shares (actually, I don't lend mine, but I mean that collectively.) Note that the board software does not keep track of who voted what, so even the staff won't see how many shares you own. BD Can you fix the math in the poll ? The votes add up higher than the vote count . Thanks GWB |
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Post by liane on Aug 11, 2015 18:20:05 GMT -5
gwb,
Looks OK to me. Try refreshing your screen.
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Post by sportsrancho on Aug 11, 2015 18:43:45 GMT -5
I don't loan my shares. They are in a Roth account at Wells Fargo that I get 100 free trades a year on. I have a account at TD that is margin that I only trade options in. Would I loan them out if I had shares in TD? No, I would sell them and buy 2017 leaps. I also have traded around my position in Wells. But only a few times. And those times are over:-)
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Post by newmnkdinvestor on Aug 11, 2015 19:40:31 GMT -5
Id lend my shares if I could
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Post by BD on Aug 11, 2015 20:58:31 GMT -5
First time poster here. Listened to the latest CC and monitor this message board frequently. I have a TD Ameritrade margin account and just got off the phone with customer service. Apparently my shares could be lent out for shorting.....WTF. Not sure if TD collects a fee for this, but I haven't seen a dime. Anyway....I just had them change the account over to a cash only account. Thought I should post as I'm sure there are other investors out there who have a margin account and have no clue that their shares could possibly be lent out for shorting.
Michael Welcome to the board! I have everything in TDA as well, and what they told me (several times) is that in order for the shares in my margin accounts to be eligible for being lent out, I must carry a margin balance. So by keeping my margin balance at 0, they can't lend my shares. It isn't necessary to designate the account to be a "cash" account. |
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Post by BD on Aug 11, 2015 21:02:14 GMT -5
It would appear that right now, (with 92 votes) this board is lending out about 2 1/2 % of the shorted shares. Not a real game changer, Matt. Brentie, my goal here isn't to determine how many shares are being lent out by board members alone, but to use the data collected in the poll to extrapolate out to all retail shareholders. I lack the information on exactly how many retail shareholders there are, however. Does anyone happen to know what that number might be? |
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Post by patryn on Aug 11, 2015 21:35:08 GMT -5
It would appear that right now, (with 92 votes) this board is lending out about 2 1/2 % of the shorted shares. Not a real game changer, Matt. Brentie, my goal here isn't to determine how many shares are being lent out by board members alone, but to use the data collected in the poll to extrapolate out to all retail shareholders. I lack the information on exactly how many retail shareholders there are, however. Does anyone happen to know what that number might be? Yahoo finance lists 39% insider 22% institutional. That means 39% is theoretically retail. |
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Post by ezrasfund on Aug 11, 2015 22:20:57 GMT -5
It might have been more informative to ask the same question of those who do not lend shares; "How many do you own?" It may be that the 70% who do not lend their shares own less in total than the 30% who do lend shares. It is a lot easier to pass up $50/month if you own 1000 shares than it is to say no to $5000/month even if you are wealthy enough to hold 100,000 shares. In fact I find that those well to do folk are less likely to pass up that dividend.
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Post by dpca10 on Aug 12, 2015 0:15:03 GMT -5
BD, I hope your information is correct. I have a margin account at ameritrade and don't carry a balance. They told me that as long as I had a margin account my shares could be lent out. I want to stop this but switching to non margin has some limitations that I would like to avoid.
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Post by kball on Aug 12, 2015 6:57:23 GMT -5
Just spit ballin' here, but if the vegas meet up happens perhaps we should convene in the hotel rooms/suites of those in excess of 200k shares?
Food and drink courtesy of those w 100-200k
Entertainment courtesy of those w 50-100k
(although inviting and watching Afrezza users puff during the weekend may be a better/cheaper entertainment (and toasting) alternative).
All those in favor say...
(also, its 5am here and i haven't really thought this out thoroughly).
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Post by kball on Aug 12, 2015 7:05:07 GMT -5
mn, there are lots of variables, but what I'm hoping for is just a very rough baseline value (guess) for the number of shares being lent out by the average retail shareholder. Anyone who does not lend their shares out, for any reason (including not being able to even if they wanted to) can check the last option and provide useful data. But i highly doubt this board is indicative of "average retail shareholder". I'd say its a pond stocked with bigger than average fish to much bigger than average. jmho I'd guess the average retail shareholder wouldn't meet the minimums to be in the lending programs and only would unknowingly be lending out their shares in their margin accounts and not benefitting from the interest being paid to those who are in lending programs, still jmho |
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Post by mssciguy on Aug 12, 2015 7:09:50 GMT -5
Just spit ballin' here, but if the vegas meet up happens perhaps we should convene in the hotel rooms/suites of those in excess of 200k shares? Food and drink courtesy of those w 100-200k Entertainment courtesy of those w 50-100k (although inviting and watching Afrezza users puff during the weekend may be a better/cheaper entertainment (and toasting) alternative). All those in favor say... (also, its 5am here and i haven't really thought this out thoroughly). hehe who are you? Robin Hood? I love the ideas but that's not how the 1% stay in the 1% |
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Post by BD on Aug 12, 2015 7:11:55 GMT -5
BD, I hope your information is correct. I have a margin account at ameritrade and don't carry a balance. They told me that as long as I had a margin account my shares could be lent out. I want to stop this but switching to non margin has some limitations that I would like to avoid. All I know is that I went through this and asked several different reps the questions, and got the same answer (that if I don't carry a margin balance, my shares won't be loaned.) If they told you differently, then that's a concern. Or, things may have changed since I asked last. I'll check in with TDA about it and see if the story I get is still the same... |
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