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Post by audiomr on Aug 29, 2016 12:14:21 GMT -5
The purchase of 25,000 shares each (Matt & Mike) and then another 17,500 from Mike really shows no conviction. It seems their intent was more to move the price up back over a buck by showing the market some insider buying. If they want to give the market a serious indication, they need to make bigger purchases like 100,000 shares each!! Doubt they were looking to move the share price. Just saw an attractive buy opportunity. Also, amazing to me that people so often assume that these guys have unlimited cash to throw at the stock.
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Post by garrett on Aug 29, 2016 14:25:55 GMT -5
The purchase of 25,000 shares each (Matt & Mike) and then another 17,500 from Mike really shows no conviction. It seems their intent was more to move the price up back over a buck by showing the market some insider buying. If they want to give the market a serious indication, they need to make bigger purchases like 100,000 shares each!! Doubt they were looking to move the share price. Just saw an attractive buy opportunity. Also, amazing to me that people so often assume that these guys have unlimited cash to throw at the stock. audiomr - I think Matt has a high six-fiqure salary from MannKind so one would think he could swing more than $22K
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Post by mannmade on Aug 29, 2016 16:51:29 GMT -5
garret nothing I know first hand, but consider that Matt might have a significant amount of shares acquired from options he exercised at $6 or $7 or more and paid taxes on them at the time they were exercised. He would be quite underwater now with hard dollars. And unlike Diane Palumbno, "the current smartest mnkd investor to date, imho," Matt to his credit has never sold what I would consider a significant amount of his shares. That's what I give him credit for. Mike's purchases are icing on the cake at the moment...
Also he has kids, and I know how much mine cost these days especially for private school, don't know if his are in public or private. And who knows maybe he supports a relative or two as I have had to do... Really with all due respect his issues and decisions are none of our business. He makes the occasional buy lately and I am happy for that. I am more happy with the plan they have laid out even if not progressing at the speed we would like. No judgement on you or anyone else, but I think we need to look at all sides and so ... Just say'in...
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Post by goyocafe on Aug 29, 2016 17:08:24 GMT -5
garret nothing I know first hand, but consider that Matt might have a significant amount of shares acquired from options he exercised at $6 or $7 or more and paid taxes on them at the time they were exercised. He would be quite underwater now with hard dollars. And unlike Diane Palumbno, "the current smartest mnkd investor to date, imho," Matt to his credit has never sold what I would consider a significant amount of his shares. That's what I give him credit for. Mike's purchases are icing on the cake at the moment... Also he has kids, and I know how much mine cost these days especially for private school, don't know if his are in public or private. And who knows maybe he supports a relative or two as I have had to do... Really with all due respect his issues and decisions are none of our business. He makes the occasional buy lately and I am happy for that. I am more happy with the plan they have laid out even if not progressing at the speed we would like. No judgement on you or anyone else, but I think we need to look at all sides and so ... Just say'in... I think they have to file with the SEC when they exercise shares, whether they exercise and sell on the same day or sell to hold (covering taxes with some of the proceeds). But I don't recall there being a lot of filings over the past years by any of the top execs which leads me to believe that a lot of those high priced options have simply expired and been replaced with other options at lower prices.
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Post by agedhippie on Aug 29, 2016 17:18:12 GMT -5
Doubt they were looking to move the share price. Just saw an attractive buy opportunity. Also, amazing to me that people so often assume that these guys have unlimited cash to throw at the stock. audiomr - I think Matt has a high six-fiqure salary from MannKind so one would think he could swing more than $22K From Bloomberg: Total Annual Cash Compensation $876,110 Total Short Term Compensation $508,842 Other Long Term Compensation $94,671 Total Calculated Compensation $1,221,754
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Post by mannmade on Aug 29, 2016 17:18:28 GMT -5
I think you can look up how much he owns and as I recall it is a sizable number...
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Post by goyocafe on Aug 29, 2016 17:21:09 GMT -5
I think you can look up how much he owns and as I recall it is a sizable number... If so, we are not alone in the situation we find ourselves in with the SP. I'm not sure I find any solace in the fact that the one guy with the most information about this company could own a whole bunch of underwater stock.
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Post by mannmade on Aug 29, 2016 17:25:10 GMT -5
He can't win... and neither can we... Hang in there goyo...
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Post by rockstarrick on Aug 29, 2016 18:10:37 GMT -5
"He can't win" I agree !! (Disgruntled Shareholder) _________Matt needs to buy some shares on the open market !! Matt buy 25,000 shares on the open market (Disgruntled Shareholder)________ Matt needs to buy more than 25,000 shares on the open market !! 🎻🎧🎧🎧😬😬
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Post by audiomr on Aug 29, 2016 22:13:46 GMT -5
Doubt they were looking to move the share price. Just saw an attractive buy opportunity. Also, amazing to me that people so often assume that these guys have unlimited cash to throw at the stock. audiomr - I think Matt has a high six-fiqure salary from MannKind so one would think he could swing more than $22K None of us has any idea what his financial obligations are -- how much debt he has, what his mortgage payment might be, what he's paying for tuition and general living expenses, whether he's supporting anyone beyond his immediate family, and so on and so on. And then there's the question of how much of his net worth he wants to have tied up in the company he works for. The best thing he can do for us is to do a good job running the company. Anyone trying to prop the stock up on his own is going to get his back broken.
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Post by Deleted on Aug 30, 2016 0:17:17 GMT -5
The more money you make the more expenses you have but his purchase was 2-3% of his income. It's a sad size to purchase.. I'm sure most shares holders here own more then 2-3% of their total income
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Post by beardawg on Aug 30, 2016 5:55:56 GMT -5
Mike's purchase is a lot more significant. He is younger and his salary is a lot less than Matt's, so he hasn't had as much time to build wealth. I recall it being in the low 200 range (I might be wrong). So, his total purchase of about $75k of stock is significant in relation to his income.
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