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Metabolix, Inc. Message Board

  • rumorwhisperorbuzz rumorwhisperorbuzz Sep 12, 2013 1:35 AM Flag

    Why arent insiders buying?

    Tonight I was looking for form 4’s while wondering about the lack of insider purchases. Personally if I had insider information, and I liked what I was seeing in my crystal ball, then I’d be buying hand over fist at these prices. The lack of recent insider activity makes one wonder “What’sssss uuuuuupppppp metabolix???”

    Of course, that is what I was thinking until I read their SEC submissions:
    7/22/2013 – Chief Operating Officer Johan van Walsem purchased 100,000 shares at $1.48 each
    --------------- I applaud Johan for being the first insider to make a purchase this year.
    6/6/2013 – Director Peter N Kellogg was granted 10,000 options with a strike price of $1.55
    6/6/2013 – Director Jay Kouba was granted 25,000 options with a strike price of $1.55
    6/6/2013 – Director Stephen J Large was granted 10,000 options with a strike price of $1.55
    6/6/2013 – Director Celeste Beeks Mastin was granted 10,000 options with a strike price of $1.55
    6/6/2013 – Director Anthony J Sinskey was granted 10,000 options with a strike price of $1.55
    6/6/2013 – Director Robert L Van Nostrand was granted 10,000 options with a strike price of $1.55
    6/6/2013 – Director Barbara H Wells was granted 10,000 options with a strike price of $1.55
    6/6/2013 – Director Matthew Strobeck was granted 10,000 options with a strike price of $1.55
    5/30/2013 – Officer Lynne H Brum was granted 40,000 options with a strike price of $1.69
    5/30/2013 – Officer Sarah P Cecil was granted 40,000 options with a strike price of $1.69
    5/30/2013 – Officer Joseph D Hill was granted 50,000 options with a strike price of $1.69
    5/30/2013 – Officer Robert E Engle was granted 70,000 options with a strike price of $1.69
    5/30/2013 – Officer Johan van Walsem was granted 70,000 options with a strike price of $1.69
    5/30/2013 – Officer Oliver P Peoples was granted 70,000 options with a strike price of $1.69
    5/30/2013 – CEO Richard P Eno was granted 100,000 options with a strike price of $1.69

    Ahhh, now I know...

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    • VERY SOON BIG TIME NEWS !!!

    • Answer: A) Those options VEST quarterly over a number of years and are obviously currently worthless. They are not immediately monetize-able on any level. They do protect employees in case of a takeover attempt and do incentivize upside and employee retention. B) There are times when insiders are prevented from buying exactly because of ‘insider information’. Those restrictions come in starting at the 15th of the last month of a quarter until 2 days after a company reports OR if there is a deal pending that prohibits that insider knowledge from being acted upon.

      Sentiment: Strong Buy

    • Personally I've always been under the opinion that each insider should be rewarded options according to their ability to increase value for all shareholders. The fact that my investment sits deep underwater makes one wonder why anyone is being rewarded for such abysmal performance. Do we have a partner? When will we have positive earnings? Is anything being done to ensure that existing shareholders don’t lose everything? We have a company burning through cash while waiting for foreign courts to take ownership away from the owner of our partner? Hmm, are really going to keep waiting for a verdict? Did the marriage license say “til death do us part?”

 
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