Post by sayhey24 on Apr 10, 2017 5:24:17 GMT -5
Interesting -
1. Doctors didn't know how to titrate Afrezza because MNKD stated it didn't need titration (They honestly thought that). When the launch showed barriers to adoption and low refills MNKD developed a titration pack. Credit to them for reacting. I never heard this. The 171/175 has a titration period and I thought the titration pack was SNYs. When I talked to SNY they always told me they were in a controlled launch which was the plan. 2016 was suppose to be launch year but Stefan Schwarz went off to build Onduo. Now its anyone's guess what Onduo is. All I know is some how Schwarz got SNY to put up $250M and SNY never put up a fight on the termination with MNKD.
2. Matt is not dumb - he sold puh-lenty, pocketing $600K (About $500K profit after option strike) over the years, including half of that when the SP was $10.00+. Matt stopped when executives were ordered by Al to stop selling their shares. I think it's okay that he sold some. I only remember Matt selling to cover option purchases which is what I think you outline below. I could be wrong. I will try and go through some old fillings.
Matt never held 2.5M shares - the most he held while he was selling was 150K. He now holds 400K shares, the most he ever has. They add up when they vest and you can't (or choose not to) sell. Even Hakan only had 1.1M shares at his peak. I based the number on the table in the current filing and multiplied by 5. Form 5 from 12/2014 shows him with 354k. I would say MNKD's current filing is wrong. It is not showing split adjustment.
files.shareholder.com/downloads/AMDA-22AIJ9/3549260690x0xS1209191%2D15%2D13773/899460/filing.pdf
insidertrading.org/index.php?sort_by=shares_owned_following_transaction&asc=&symbol=mnkd&date_from=2011-03-10&date_to=2017-04-09&submit=+GO+
Jul 2014 10.44 20,000 $208,768
Jun 2014 10.00 10,000 $100,000
Aug 2013 8.00 10,000 $80,000
Jul 2013 7.00 10,000 $70,000
May 2013 5.00 10,000 $50,000
Jan 2011 10.00 6,300 $63,000
Feb 2009 10.00 6,300 $63,000
Derek,
Matt did not sell that much. Palumbo was the selling queen.
Also. 400,000 thousand shares now times 5 gives you 2 mill. Just saying. Current ownership of 400 thousand is not as much as his peak. Personally I think the Shaw guy is right. A M&A is coming. Share price is indicative of short selling. Scripts are indicative of controlled launching.
I think I'll take Matt's epic reversal is still in the works. (I sure hope you and Matt are right. I have never seen anything like this. Its as if they expected GS to take down the stock. At the same time the real market is the PCPs and they are not Mike's market - its all been very strange, never a concern for cash past July 2017. ) I really don't trust fud pumpers. The name of the game is patience. jmho. I'll be adding as I have done through the past weeks.
Read more: mnkd.proboards.com/thread/7567/who-major-bond-holders#ixzz4dq8LBg24
1. Doctors didn't know how to titrate Afrezza because MNKD stated it didn't need titration (They honestly thought that). When the launch showed barriers to adoption and low refills MNKD developed a titration pack. Credit to them for reacting. I never heard this. The 171/175 has a titration period and I thought the titration pack was SNYs. When I talked to SNY they always told me they were in a controlled launch which was the plan. 2016 was suppose to be launch year but Stefan Schwarz went off to build Onduo. Now its anyone's guess what Onduo is. All I know is some how Schwarz got SNY to put up $250M and SNY never put up a fight on the termination with MNKD.
2. Matt is not dumb - he sold puh-lenty, pocketing $600K (About $500K profit after option strike) over the years, including half of that when the SP was $10.00+. Matt stopped when executives were ordered by Al to stop selling their shares. I think it's okay that he sold some. I only remember Matt selling to cover option purchases which is what I think you outline below. I could be wrong. I will try and go through some old fillings.
Matt never held 2.5M shares - the most he held while he was selling was 150K. He now holds 400K shares, the most he ever has. They add up when they vest and you can't (or choose not to) sell. Even Hakan only had 1.1M shares at his peak. I based the number on the table in the current filing and multiplied by 5. Form 5 from 12/2014 shows him with 354k. I would say MNKD's current filing is wrong. It is not showing split adjustment.
files.shareholder.com/downloads/AMDA-22AIJ9/3549260690x0xS1209191%2D15%2D13773/899460/filing.pdf
insidertrading.org/index.php?sort_by=shares_owned_following_transaction&asc=&symbol=mnkd&date_from=2011-03-10&date_to=2017-04-09&submit=+GO+
Jul 2014 10.44 20,000 $208,768
Jun 2014 10.00 10,000 $100,000
Aug 2013 8.00 10,000 $80,000
Jul 2013 7.00 10,000 $70,000
May 2013 5.00 10,000 $50,000
Jan 2011 10.00 6,300 $63,000
Feb 2009 10.00 6,300 $63,000
Derek,
Matt did not sell that much. Palumbo was the selling queen.
Also. 400,000 thousand shares now times 5 gives you 2 mill. Just saying. Current ownership of 400 thousand is not as much as his peak. Personally I think the Shaw guy is right. A M&A is coming. Share price is indicative of short selling. Scripts are indicative of controlled launching.
I think I'll take Matt's epic reversal is still in the works. (I sure hope you and Matt are right. I have never seen anything like this. Its as if they expected GS to take down the stock. At the same time the real market is the PCPs and they are not Mike's market - its all been very strange, never a concern for cash past July 2017. ) I really don't trust fud pumpers. The name of the game is patience. jmho. I'll be adding as I have done through the past weeks.
Read more: mnkd.proboards.com/thread/7567/who-major-bond-holders#ixzz4dq8LBg24