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Post by mnkdfann on May 18, 2016 14:04:18 GMT -5
I suspect the optics are bad for any company when any of its C-suite executives own no shares in the company they have a hand in managing.
I'm not saying Mike was forced to buy anything, but I think it was sort of a given he had to buy some shares sooner or later even if only for appearance's sake.
So his first buy does not impress me much ... if he keeps buying, that will be meaningful to me.
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Post by robsacher on May 18, 2016 15:13:40 GMT -5
I would personally like to see Matt put his money where his mouth is and buy 50,000, 100,000, 1,000,000 etc. shares. That would be better for the company and investors than lip service. Respectfully, Mike is new here. Matt has been here for years. I do not need to see Matt buying shares to know that the company will survive and prosper. There are too many other more important issues about which to pay attention. Matt has plenty of skin in this game and I support his moves whole heartedly, including getting Mike onboard. In regard to the issue of writers, please know that there is not a whole lot to be said right now. Denise hit the nail right on the head. This is simply a race between increasing scripts and cash flow resources. Unless, of course, management announce that awesome deal with the Chinese where they agree to open five factories and sell Afrezza to China's 120 million diabetics.
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Post by mnkdorbust on May 18, 2016 15:47:12 GMT -5
I would personally like to see Matt put his money where his mouth is and buy 50,000, 100,000, 1,000,000 etc. shares. That would be better for the company and investors than lip service. Respectfully, Mike is new here. Matt has been here for years. I do not need to see Matt buying shares to know that the company will survive and prosper. There are too many other more important issues about which to pay attention. Matt has plenty of skin in this game and I support his moves whole heartedly, including getting Mike onboard. In regard to the issue of writers, please know that there is not a whole lot to be said right now. Denise hit the nail right on the head. This is simply a race between increasing scripts and cash flow resources. Unless, of course, management announce that awesome deal with the Chinese where they agree to open five factories and sell Afrezza to China's 120 million diabetics. I'm not saying i agree or disagree with what Matt is currently doing as quite frankly we know little about what is going on behind the scenes. It appears that things are moving in the right direction (but with SNY things weren't moving so anything is better than what they were/weren't doing), however there have been some carrots dangled out for quite some time now. It would be a hell of a vote of confidence to see Matt buy a large amount of shares as it would speak volumes to the situation at hand. Since the issue seems to come up often it would stop another leak in the FUD damn and would be one less question he would have to waste his time answering. All that said in the end it won't matter if he buys or not as long as he's kicking out results as the captain of the ship. I personally would just like to see him buy a large chunk if nothing else as a F you to everyone placing bets against him and the company.
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Post by sportsrancho on May 18, 2016 16:03:33 GMT -5
Respectfully, Mike is new here. Matt has been here for years. I do not need to see Matt buying shares to know that the company will survive and prosper. There are too many other more important issues about which to pay attention. Matt has plenty of skin in this game and I support his moves whole heartedly, including getting Mike onboard. In regard to the issue of writers, please know that there is not a whole lot to be said right now. Denise hit the nail right on the head. This is simply a race between increasing scripts and cash flow resources. Unless, of course, management announce that awesome deal with the Chinese where they agree to open five factories and sell Afrezza to China's 120 million diabetics. I'm not saying i agree or disagree with what Matt is currently doing as quite frankly we know little about what is going on behind the scenes. It appears that things are moving in the right direction (but with SNY things weren't moving so anything is better than what they were/weren't doing), however there have been some carrots dangled out for quite some time now. It would be a hell of a vote of confidence to see Matt buy a large amount of shares as it would speak volumes to the situation at hand. Since the issue seems to come up often it would stop another leak in the FUD damn and would be one less question he would have to waste his time answering. I'm confident in Mannkind and Afrezza (or I wouldn't be holding the shares I hold and hanging around on this board), however i'm not confident I won't lose my ass (well already have ) in this investment seeing the magnitude of forces lining up hoping to see them fail. All that said in the end it won't matter if he buys or not as long as he's kicking out results as the captain of the ship. I personally would just like to see him buy a large chunk if nothing else as a F you to everyone placing bets against him and the company. I don't need Matt to buy shares. He might at this point have all he wants. But... I would sure be happy if he did! And went on CNBC and told everyone why! I'm proud of this company and Afrezza and want everyone to know what Al has accomplished and how life changing it is!
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Post by kc on May 18, 2016 16:30:38 GMT -5
I agree with what sports said. We need to have a good PR campaign. They need to get out and tell the story of afrezza to the media.
I think in the next 12 months they will accomplish this but I will bring that up. They have a great story to tell about what what the product does for diabetics.
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Post by mnkdfann on May 24, 2016 15:49:04 GMT -5
Michael Castagna, MannKind Corporation's Chief Commercial Officer, recently acquired 50,000 shares of the company. The buys took place at $0.93 per share, on May 17, 2016. Castagna now owns 50,000 shares of the company. Castagna operates out of Valencia, CA. Now I really have to wonder why he bothered, except and unless it was just for optics. I mean, what are 50,000 shares when he has 1,000,000 options at $0.91? True, the granted options below have a qualifier but unless the 'specified quarterly product sales' are hit I don't suppose his shares will increase in value either. biz.yahoo.com/e/160524/mnkd8-k.html On May 19, 2016, we granted the following performance-based stock options under our 2013 Equity Incentive Plan (the "Plan") to the executive officers listed in the table below: Executive Officer Options (1) Michael Castagna, Chief Commercial Officer 1,000,000 (1) The shares subject to the options vest in four equal installments upon the achievement of specified quarterly product sales. The options have an exercise price per share of $0.91,
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Post by mnholdem on May 24, 2016 15:55:05 GMT -5
You'll find the answer in a Warren Buffet quote about having skin in the game, IMHO.
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Post by rockstarrick on May 24, 2016 16:19:23 GMT -5
Michael Castagna, MannKind Corporation's Chief Commercial Officer, recently acquired 50,000 shares of the company. The buys took place at $0.93 per share, on May 17, 2016. Castagna now owns 50,000 shares of the company. Castagna operates out of Valencia, CA. Now I really have to wonder why he bothered, except and unless it was just for optics. I mean, what are 50,000 shares when he has 1,000,000 options at $0.91? True, the granted options below have a qualifier but unless the 'specified quarterly product sales' are hit I don't suppose his shares will increase in value either. biz.yahoo.com/e/160524/mnkd8-k.html On May 19, 2016, we granted the following performance-based stock options under our 2013 Equity Incentive Plan (the "Plan") to the executive officers listed in the table below: Executive Officer Options (1) Michael Castagna, Chief Commercial Officer 1,000,000 (1) The shares subject to the options vest in four equal installments upon the achievement of specified quarterly product sales. The options have an exercise price per share of $0.91, Maybe he wanted to show mnkd retail investors that he is confident about his ability to successfully market afrezza, and now has as much of his own hard earned money as the average retail shareholder. I don't know how many shares the average shareholder owns, 50,000 is good enough for me. Classy move in my opinion, Mike is going to be a great CCO. Good Luck Everybody
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Post by kc on May 24, 2016 16:30:47 GMT -5
The deal might be done and nobody knows it until it happens. We just never know with MannKind. There is a lot of good Karma going into ADA. We are on a need to know basis and we don't need to know yet. because as we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don't know we don't know.
We will see what we see soon.
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Post by mnkdfann on May 24, 2016 17:12:51 GMT -5
Now I really have to wonder why he bothered, except and unless it was just for optics. I mean, what are 50,000 shares when he has 1,000,000 options at $0.91? True, the granted options below have a qualifier but unless the 'specified quarterly product sales' are hit I don't suppose his shares will increase in value either. biz.yahoo.com/e/160524/mnkd8-k.html On May 19, 2016, we granted the following performance-based stock options under our 2013 Equity Incentive Plan (the "Plan") to the executive officers listed in the table below: Executive Officer Options (1) Michael Castagna, Chief Commercial Officer 1,000,000 (1) The shares subject to the options vest in four equal installments upon the achievement of specified quarterly product sales. The options have an exercise price per share of $0.91, Maybe he wanted to show mnkd retail investors that he is confident about his ability to successfully market afrezza, and now has as much of his own hard earned money as the average retail shareholder. Well, that's certainly part of what I meant when I mentioned 'optics'.
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Post by Deleted on May 24, 2016 19:12:12 GMT -5
What was the increase between his old salary and current one? Anyone know?
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Post by capnbob on May 24, 2016 21:03:05 GMT -5
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Post by esstan2001 on May 25, 2016 7:03:43 GMT -5
kc: "The deal might be done and nobody knows it until it happens. We just never know with MannKind. There is a lot of good Karma going into ADA. We are on a need to know basis and we don't need to know yet. because as we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don't know we don't know. We will see what we see soon." Read more: mnkd.proboards.com/posts/recent#ixzz49fVqvgqzOK Rumsfeld...
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