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Post by spiro on Oct 15, 2017 9:48:07 GMT -5
Spiro would like to help Baba understand why this guy Kent thought it was time to buy some shares. it is very doubtful that Kent is aware of any pending offers for a buyout in the near future. But Spiro would like to believe that Kent is absolutely aware of any increased interest from other entities that may have suddenly developed a more serious interest in possibly acquiring or partnering with MNKD. If this is true, Spiro expects other insiders to make purchases very soon.
Spiro here, just starting to get optimistic again, this could be dangerous thing for the longs.
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Post by blu2waz on Oct 15, 2017 10:13:40 GMT -5
SEC form stated he bought 166600 shares @ $6.00. $400 less than 1 million. Look it up
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Post by sellhighdrinklow on Oct 15, 2017 10:38:52 GMT -5
Just to be clear, straightly, and others, if Kent knew, for example, that a buyout for $10 is in the works, or some other event which would almost surely push the stock up substantially is all but inked, then, he could pay a premium over the then market price (which he did) and still have a problem. That's not the case here, assuredly. As far as convincing other investors, I'm hoping he convinces a few starting Monday morning, 9:30 EST. Let’s get this straight Kent paid below retail price as did all those investors who participated. Kent paid 6 per share when the share price was 6.73. . The $6.73 share price, and for that matter, share price above $6, was there for about 24-hours. Traderdennis, maybe you forgot that mnkd was trading for about $2, less than 10-days before? You also should check the current mnkd price. Sheesh.
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Post by kc on Oct 15, 2017 11:14:05 GMT -5
Look at it this way he only had 72,189 shares prior to this transaction . Many of the previous shares were from board participation. So his confidence in investing in the company is shown by the cash you took out of his pocket to purchase the new shares.
Bullish move & signal to investors.
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Post by sportsrancho on Oct 16, 2017 13:36:57 GMT -5
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