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Post by straightnochaser on Aug 14, 2016 12:40:31 GMT -5
I agree. And with their salaries, claims of "not enough disposable income" are absurd. But I'm still long & patiently waiting...
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Post by op2778 on Aug 14, 2016 18:16:00 GMT -5
I understand your post, and I'm sure you're right about working in small biotech but, I'm sure he can finds 1minute to Buy share. Beside I'm not agree with people saying he is not so healthy. Are you guys serious? I don't know Matt routine, but i know he likes to play golf (well a very long consuming time sport) so, time isn't an issue and 1min to buy shares isn't a drama.
Btw, Castagna just coming in bought $50.000 shares......do you think Matt will ruin himself buying 50.000 shares when he grants free options LOL. Stop defending him.
Yes, he has a big responsability, he hired Castagna and I'm sure he is a good person and probably just in that spot until DeSisto can be hired, but I'll not cheerleader about Matt.
if MNKD will survive and stock price will goes up, I'm going to write Matt an extensive gratitud mail to him. I mailed him in the past and will Mail him again If he deserve it.
Op
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Post by seanismorris on Aug 14, 2016 18:35:57 GMT -5
I don't care when an Exec buys shares (that much) but I do care when they sell consistently.
I'm more annoyed with myself than management on this issue.
They were telling us something and we were to stupid to listen. We made all kinds of excuses for them... like "I heard he's selling because of a divorce" etc.
If I sold when they sold I would have doubled my investment....instead wellll I don't want to do the math on the loses.
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Post by brotherm1 on Aug 14, 2016 21:00:45 GMT -5
There is no such rate of cash burn. It's more like $1 million a month. But if Matt meant $1 million why doesn't he say so? From my experience from decades of having worked with and next to chief executives, I've not worked with nor met one that was good with the numbers. In fact it's been just the oppoiste in that they were and are terrible with the numbers (albeit I think times are now fortunately moving to where CFO types are moving into the CEO positions). CEO's though are generally very good with managing people because they are very good at blowing smoke up the ole wazoos.
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Post by akemp3000 on Aug 14, 2016 21:40:00 GMT -5
I can't imagine anything less important that whether or not an executive is buying stock or not. No one knows what personal situations exist...IMHO. I remain long and strong and waiting for the turn.
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Post by Deleted on Aug 15, 2016 0:00:51 GMT -5
There is no such rate of cash burn. It's more like $1 million a month. But if Matt meant $1 million why doesn't he say so? From my experience from decades of having worked with and next to chief executives, I've not worked with nor met one that was good with the numbers. In fact it's been just the oppoiste in that they were and are terrible with the numbers (albeit I think times are now fortunately moving to where CFO types are moving into the CEO positions). CEO's though are generally very good with managing people because they are very good at blowing smoke up the ole wazoos. So "in your experience" (since this is something you requested me to start doing) how would you explain what our current Ceo"s issues are since he was originally Mnkds cfo? I mean, you did know he was a CFO? If applying your theory we should be fortunate right? He should be good with numbers? I'd love to know how old some of you are that think it costs 1 million to run this business a month. Are you suggesting they are lying and there is some grand plan? Do you think sales reps use their own cars and pay for their own gas from their salary?
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Post by Deleted on Aug 15, 2016 0:02:57 GMT -5
I don't care when an Exec buys shares (that much) but I do care when they sell consistently. I'm more annoyed with myself than management on this issue. They were telling us something and we were to stupid to listen. We made all kinds of excuses for them... like "I heard he's selling because of a divorce" etc. If I sold when they sold I would have doubled my investment....instead wellll I don't want to do the math on the loses. You should have sold once it was learned Mnkd was added to the Russell by a computer. There was your trade. You had 35-40% gains from the .90 price just three weeks earlier.
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Post by nylefty on Aug 15, 2016 8:54:09 GMT -5
From my experience from decades of having worked with and next to chief executives, I've not worked with nor met one that was good with the numbers. So "in your experience" (since this is something you requested me to start doing) how would you explain what our current Ceo"s issues are since he was originally Mnkds cfo? I mean, you did know he was a CFO? If applying your theory we should be fortunate right? He should be good with numbers? I'd love to know how old some of you are that think it costs 1 million to run this business a month. Are you suggesting they are lying and there is some grand plan? Do you think sales reps use their own cars and pay for their own gas from their salary? The Matt who posts here (not the MannKind CEO) claimed that the contracted sales force is costing $10 million a month, which would mean that each of the 70 sales people is costing $142,857 every month or $1,714,285 a year, which is absurd. Nobody said it costs 1 million to "run this business a month." The issue is how much the sales force is costing. My guess is that it's about $1 million a month, which breaks down to $14,285 a month ($171,428 a year) for each sales person. As for my age, I'll be 83 in December.
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Post by Deleted on Aug 15, 2016 9:18:17 GMT -5
So "in your experience" (since this is something you requested me to start doing) how would you explain what our current Ceo"s issues are since he was originally Mnkds cfo? I mean, you did know he was a CFO? If applying your theory we should be fortunate right? He should be good with numbers? I'd love to know how old some of you are that think it costs 1 million to run this business a month. Are you suggesting they are lying and there is some grand plan? Do you think sales reps use their own cars and pay for their own gas from their salary? The Matt who posts here (not the MannKind CEO) claimed that the contracted sales force is costing $10 million a month, which would mean that each of the 70 sales people is costing $142,857 every month or $1,714,285 a year, which is absurd.
Nobody said it costs 1 million to "run this business a month." The issue is how much the sales force is costing. My guess is that it's about $1 million a month, which breaks down to $14,285 a month ($171,428 a year) for each sales person. My apologies. I agree that is an absurd number
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Post by factspls88 on Aug 15, 2016 12:43:27 GMT -5
I don't care when an Exec buys shares (that much) but I do care when they sell consistently. I'm more annoyed with myself than management on this issue. They were telling us something and we were to stupid to listen. We made all kinds of excuses for them... like "I heard he's selling because of a divorce" etc. If I sold when they sold I would have doubled my investment....instead wellll I don't want to do the math on the loses. For the record, the divorce comment was based on the fact that several Form 4's specifically stated that the sale was required due to the terms of a divorce agreement. I believe it was Juergen Martens but don't hold me to that - could've been someone else.
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Post by saxcmann on Aug 16, 2016 7:19:46 GMT -5
Mike and Matt just bought shares! Maybe kdaddy should vent more often?! Lol
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Post by als57 on Aug 16, 2016 8:12:34 GMT -5
Did they buy with their "hard biting money" or were they given the shares as reward for their efforts?
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Post by mnholdem on Aug 16, 2016 8:21:38 GMT -5
If these were stock awards, there would be notations in the footnotes. Nope, IMO these are direct out-of-pocket buys by MannKind insiders/officers.
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Post by kc on Aug 16, 2016 8:33:00 GMT -5
I believe that the "P" stands for purchase
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