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Post by anderson on Jul 19, 2016 19:46:17 GMT -5
Okay here is my non rant version of the problems I have with Rose buying and selling shares.
Did Rose use her position to buy and sell shares through the employee stock plan in a timely manner when others at the company might not be able to do this? So did she abuse her position and violate company trust? Also she is a officer now and falls under different rules. She should have known this since February. So she either doesn't know or doesn't care, both options are equally troubling due to the fact that she should be enforcing these rules as the Principal Accounting Officer.
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Post by mannmade on Jul 19, 2016 20:11:21 GMT -5
You are making way too much of this imo. You are speaking about something you don't know the details of. Perhaps she needed the cash or could not afford to pay the taxes or whatever... It really does not matter and she holds way more shares so it's not an indication of her confidence or anything else for that matter imo... It's so little stock that who really cares? All you need to know is that scripts need to start to move between now and Oct and the pps moves up. End of story. Nothing else matters. We need to stay focused on the real issues...
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Post by anderson on Jul 19, 2016 20:49:18 GMT -5
Mannmade okay maybe see needed $400 dollar. I'll give you that. Could not afford to pay the taxes? These were not options, but shares purchased from the employee stock purchase program, she was not forced to buy them or loose them, but she was in a position to see that if she bought and sold them immediately she would gain $.06 a share.
Now in my 401k I can set it up to buy shares under the employee stock purchase program, but I have to wait till my 401k updates to tell me what the purchase price was which is usually after close so at most I could sell them a day later. If I worked in the finance department and knew ahead of time the purchase price and that the current market price maybe I would sell some of my shares earlier in the day and remain share count neutral but get paid the difference. Is that morally and ethically okay? Sounds like gaming the system. It is not the amount of money but it definitely show the character of the person. You say I don't know the details, well the detail are she bought for $1 sold for $1.06 from a employee stock purchase in the same trading day, how do you do that without front running?
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Post by steve on Jul 19, 2016 21:39:10 GMT -5
Is this not a pretty powerful statement that she has over a 130,000 shares that she is still sitting on and could have sold... Ok. Perhaps we missed that. Obviously the $330 bucks doesn't mean anything for those exercising critical thinking skills.
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Post by mnkdfann on Jul 19, 2016 22:19:16 GMT -5
You say I don't know the details, well the detail are she bought for $1 sold for $1.06 from a employee stock purchase in the same trading day, how do you do that without front running? Is it possible MNKD employee stock purchases are priced at a discount? |
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Post by mannmade on Jul 19, 2016 23:53:17 GMT -5
With all due respect I don't really know the reason(s) she sold as none of us do. My point is that imho it is not important. So why make it an issue? It is not part of a pattern and she retains more shares than most posters I am guessing. Really a non issue to me and not a reflection on her nor the company. Not like Diane Palombo who incidentally appears to have made good decisions whether I agree or not with what she did at the time. Which for the record I did not...
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