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Post by tbone on Sept 3, 2015 22:18:06 GMT -5
Do you guys read before you complain? He wasn't awarded options like the others. Look at the form. Why? Read the 10Ks, he actually passed on his "share" of free options. What did he do? He sold shares to satisfy his tax obligations, not a share more. Seriously, if you're this jaded, sell and move on. The incessant complaining around here is at a all time high. And this typically marks a bottom (the incessant complaining)
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Post by tbone on Sept 3, 2015 22:26:28 GMT -5
This thread smells like YMB. Recommend deleting. Yuck.
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Post by ezrasfund on Sept 3, 2015 22:42:47 GMT -5
Unfortunately, shareholders are taking a continuous beating by Wall Street. This insider trading will be used to beat us down some more. The best recommendation I can give is to think of yourself as an owner of a great company, just because some idiots tell you your company is not worth its current price is not a reason to sell. Would you sell your house or business just because someone placed on low value on it? I have been through this several times before and have learned to differentiate a winner from a loser. MannKind is a winner! But it did engender this comment, which is just the way I think about my very small share of MannKind. Every Form 4 ever filed by MNKD has generated this kind of response, and they probably always will. Where have you gone, Diane Palumbo?
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Post by steve on Sept 3, 2015 22:51:12 GMT -5
These responses were also on the REGN YMB from 2003 to 2005 about management selling some shares. More than once. The share price at times dropped from the twenties down to 4.5 or nearly so at times before marching to the 500's. Not saying that we are gong to 500 but, we have dropped. After the SNY partnership with REGN the share price eventually moved up.
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Post by babaoriley on Sept 4, 2015 2:03:54 GMT -5
Much ado over not much at all.
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Post by newmnkdinvestor on Sept 4, 2015 2:10:31 GMT -5
I wish I was a better man. These posts and the HF manufacturing the stock price just get to me. We don't have sales. When we do we can cheer until then.........
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Post by mnholdem on Sept 4, 2015 4:37:41 GMT -5
The footnote explains that Al Mann sold these shares to pay taxes on previously issued restricted shares. I don't understand why anyone would make such a fuss. Read the document before making assumptions, please.
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Post by notamnkdmillionaire on Sept 4, 2015 4:57:03 GMT -5
The footnote explains that Al Mann sold these shares to pay taxes on previously issued restricted shares. I don't understand why anyone would make such a fuss. Read the document before making assumptions, please. The problem is that people like Adam Trollstain will twist the facts and come out with a fudster story on how even Al Mann has lost faith in the company by selling shares.
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Post by tripoley on Sept 4, 2015 6:53:23 GMT -5
@talon... sorry. Please explain. Tax obligation on what? And still... Al could certainly afford to pay taxes without needing to sell shares. It's simply bad optics. I'm told that I should forgo earning interest on my MNKD shares and yet Al couldn't come up with $50k from somewhere else to avoid allowing the shorts to point to a 4k sale with the founders name on it. I've not complained about others selling in the past. But I just don't get this one, especially when they seem to have acknowledged share price as a problem... though pointing at ME as the problem. I would have to agree with this. Al probably has $50K in his wallet.
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Post by robsacher on Sept 4, 2015 8:33:20 GMT -5
Our company uses options rather than restricted shares. When my options vest and I elect to exercise them, it is a taxable event... but the company is not obligated to withhold that tax. I must send that money into the IRS my self. It seems there would be other ways of paying that tax obligation on restricted shares, but perhaps I am wrong about that. If so, my apologies to Al. For a brief moment my heart sank. Matt restored my belief in MannKind. Thank you Matt! Everyone must pay their taxes. Thanks to Matt for his clarification.
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Post by Deleted on Sept 4, 2015 8:54:54 GMT -5
The footnote explains that Al Mann sold these shares to pay taxes on previously issued restricted shares. I don't understand why anyone would make such a fuss. Read the document before making assumptions, please. The problem is that people like Adam Trollstain will twist the facts and come out with a fudster story on how even Al Mann has lost faith in the company by selling shares. And do you think the sophisticated investors (institutional or retail) that own a majority of the shares will be swayed in their long term MNKD sentiment by Adam?
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Post by mannmade on Sept 4, 2015 8:55:55 GMT -5
@talon... sorry. Please explain. Tax obligation on what? And still... Al could certainly afford to pay taxes without needing to sell shares. It's simply bad optics. I'm told that I should forgo earning interest on my MNKD shares and yet Al couldn't come up with $50k from somewhere else to avoid allowing the shorts to point to a 4k sale with the founders name on it. I've not complained about others selling in the past. But I just don't get this one, especially when they seem to have acknowledged share price as a problem... though pointing at ME as the problem. I would have to agree with this. Al probably has $50K in his wallet. I agree w you in principal but Al has his own strategy w his accountant about how to accumulate and preserve wealth. And I would say he has done a decent job of it to date.
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Post by mssciguy on Sept 4, 2015 9:31:02 GMT -5
I would have to agree with this. Al probably has $50K in his wallet. I agree w you in principal but Al has his own strategy w his accountant about how to accumulate and preserve wealth. And I would say he has done a decent job of it to date. Yes and like Warren Buffet says, the price and the value of a stock are two different things. The stock and options prices here are Wall Street's yo-yo this past decade, and the value is much higher than the price, though that won't be known for sure without the spike in nRx due to greater DTC, insurance coverage, positive reviews in journals and social media (they all are positive, amazingly), number of prescribing physicians, label changes, new FDA studies including pediatric acceptability (children mostly hate needles), higher IQ and/or ethics of hedge-fund funded hit piece authors, the list goes on and on At least these things are clearer now, to me at least...
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Post by figglebird on Sept 4, 2015 9:49:17 GMT -5
I think everything one needed to know about the future of TS was alluded to yesterday in the UK expansion piece - the journalist alluded to a specific date at which time Sanofi would elaborate further on their model with respect to inhalation therapy.
That date was significant to anyone long mnkd.
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Post by longstocking on Sept 4, 2015 9:57:05 GMT -5
I think everything one needed to know about the future of TS was alluded to yesterday in the UK expansion piece - the journalist alluded to a specific date at which time Sanofi would elaborate further on their model with respect to inhalation therapy. That date was significant to anyone long mnkd. Is there a link to the article on the UK expansion? I haven't seen it yet.
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