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Post by mnholdem on Aug 13, 2017 0:58:20 GMT -5
You do have a point. My post of Dr. Urbanski's holdings was to refute the earlier suggestion that his not buying stock somehow indicates that he has no faith in the company and/or he is planning to leave MannKind. A prudent investor would consider that insiders aren't buying because the possibility of further dilution remains. That is a logical argument. The earlier post about Ray lacking confidence is not.  |
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Post by scoy on Aug 13, 2017 3:59:57 GMT -5
FYI: Morningstar reports the CMO Dr. Raymond Urbanski currently has 767,788 MNKD security options. I recall that there is a vesting period before Ray can exercise his options. That does not answer the question. Most of the options are most likely out of the money. What the skeptics are saying is why hasn't someone who has received 1.2 Million dollars in compensation bought more stock on the open market. After the "fantastic" conference call, where are all of the form 4's with purchase from C level executives at Mannkind? 10K shares for most of the c levels is about a weeks pay. This would show a lot more confidence, and I would recommend that anyone sitting on the sidelines wait until you see Form 4's purchases before you sink more of your hard earned dollars gambling on MNKD. I think you're being pretty hard on management. At far as Urbanski's timing goes, he waited the normal three blackout days after an earnings report to trade. No one can claim he traded on information no one else has. His trade was probably scheduled months in advance. The company has a responsibility to be optimistic, to take advantage of opportunities, etc. But it's not their job to say things are fantastic. I think they're doing an excellent job walking the line between being hopeful while at the same time fully explaining their challenges and how they're planning on solving them. The company has released a lot of information, and explained their plans. Everyone can decide how to trade their own account based on how they assess the information. If you expect them to be stock buyers, management is in a difficult situation. If they buy, and the company subsequently dilutes, somebody will complain they were mislead. If they buy, and the company doesn't subsequently dilute, somebody will complain management traded on inside information on how the company ended up getting the money they need. As far as this small trade goes, my opinion is not to sweat the small stuff. |
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Post by casualinvestor on Aug 14, 2017 8:06:27 GMT -5
FYI: Morningstar reports the CMO Dr. Raymond Urbanski currently has 767,788 MNKD security options. I recall that there is a vesting period before Ray can exercise his options. That does not answer the question. Most of the options are most likely out of the money. What the skeptics are saying is why hasn't someone who has received 1.2 Million dollars in compensation bought more stock on the open market. After the "fantastic" conference call, where are all of the form 4's with purchase from C level executives at Mannkind? 10K shares for most of the c levels is about a weeks pay. This would show a lot more confidence, and I would recommend that anyone sitting on the sidelines wait until you see Form 4's purchases before you sink more of your hard earned dollars gambling on MNKD. Because putting all your eggs in one basket is a stupid thing to do. MNKD employees all have their paychecks riding on the company, and part of that compensation is in the form of options. AKA 767,788 shares. If, as you say, those options are "most likely out of the money", then there is a definite loss there....or if the company turns it around well, an opportunity for gain. Every employee at MNKD that has the option of getting a similar job somewhere else is already showing plenty of confidence in the company |
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Post by mnholdem on Aug 14, 2017 9:03:14 GMT -5
Most companies set the option strike prices as an incentives for their executives to perform. If they do, the share price climbs and they get rewarded once the PPS is higher than the strike at which they can exercise their shares. If they do not perform, the options expire worthless.
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Post by traderdennis on Aug 14, 2017 10:08:06 GMT -5
That does not answer the question. Most of the options are most likely out of the money. What the skeptics are saying is why hasn't someone who has received 1.2 Million dollars in compensation bought more stock on the open market. After the "fantastic" conference call, where are all of the form 4's with purchase from C level executives at Mannkind? 10K shares for most of the c levels is about a weeks pay. This would show a lot more confidence, and I would recommend that anyone sitting on the sidelines wait until you see Form 4's purchases before you sink more of your hard earned dollars gambling on MNKD. Because putting all your eggs in one basket is a stupid thing to do. MNKD employees all have their paychecks riding on the company, and part of that compensation is in the form of options. AKA 767,788 shares. If, as you say, those options are "most likely out of the money", then there is a definite loss there....or if the company turns it around well, an opportunity for gain. Every employee at MNKD that has the option of getting a similar job somewhere else is already showing plenty of confidence in the company First you misquoted me. I said that the C level employees (senior VP's and above), not all employees. I still say that Urbansky whom was compensated over 1.2 million over the last two years should own more than 3000 shares of company stock. With that level of compensation having under 50K worth of MNKD stock is not having all the eggs in one basket. Second with a company that is on the verge of running out of cash in three to six months, their should be an immediate initiative of C levels to voluntary receive at least half of their pay in restricted stock in lieu of cash. These would come from shares that are not on the open market. These shares should not be able to be sold for at least a year. I have worked for a company that did this in the past. |
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Post by mnkdfann on Aug 14, 2017 11:18:05 GMT -5
Somewhere, possibly in another thread on this board or possibly I read it over in the comments at SA, someone wrote something that suggested (at least how I read it) that the C level employees could own shares in their 401Ks without us knowing about it.
Is that true, or would those have to be disclosed?
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Post by dh4mizzou on Aug 14, 2017 11:24:21 GMT -5
Some companies use their shares as the 401k match.
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Post by traderdennis on Aug 14, 2017 11:48:11 GMT -5
Somewhere, possibly in another thread on this board or possibly I read it over in the comments at SA, someone wrote something that suggested (at least how I read it) that the C level employees could own shares in their 401Ks without us knowing about it. Is that true, or would those have to be disclosed? deleted |
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Post by sportsrancho on Aug 14, 2017 12:30:43 GMT -5
Did you guys see Ray on the Dash show:-)?
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