JL needs to go and go fast..Manager he IS NOT...Here we go again a PLANNED SALE, why.. He makes 1.3 MILLION in salary per year, over 100,000 per month..Hes not worth it at all..While shareholders take it up the BUT..Just a no vote for confidence...Like ive said JL and crew will bk this company if sales dont pick up and fast..120 million burn per year is over the top just like managements pay...They NEVER under promise and over deliver, they are like the govt as they do document dumps on long weekends. The company needs to be sold while there is still value..You cannot defend this action. As for a quiet period JL is always in that mode.. Ownership by insiders just touched .5% of the company and you guys defend JL and others....Remember when vvus insiders started to sell what did all of you guys say? They are going BK! Relaunch just starting and JL sells..WHAT! JL was asked why didnt he buy in the open market at the annual, well he gave us the answer , why buy in the open market when I sell in the open market, JL needs to be flogged, tarred and feathered
WOW, Why you guys keep defending this company is beyond me. Pre-planned or not this is just totally ridiculous and people wonder why this company is going nowhere fast. It's not like these where expiring options, these where actual shares that he could of held onto until the cows came home. People on this board give folks a hard time for selling but an insider sells over a million dollars worth of stock and it's somehow all honky dory!? I really do wish you longs the best of luck some more than others but until this company is held responsible I would expect the downward draft to continue! And to think a few investors here gave Jack a hard time recently at the yearly meeting and Jack claiming I don't know what to do about the stock price. Well here's an idea, show them a little more faith and put your money where your mouth is rather than dumping on your shareholders time and time again!
Pharm It’s an auto sale 105b I would do the same so would you and yes it is frustrating they don’t make open market buys and I do find that troublesome. As for his statement what to do, well I think everyone knows what insiders can do to instill confidence except insiders but in case they don’t BUY ON THE OPEN MARKET!
Yeah, really sucks to be him. Let's see. Vote myself free options, convert those options to shares, sell those shares on the market. Nice!
Sucks to be Jack or sucks to be you? Jack banked over $1M now on those free shares. What did you pocket?
If you read the form 4 it was part of a 10b5-1 trading plan and is/was pre-arranged. It is the rule in executive comp plans rather than the exception.
Jack DID NOT sell these shares as an open market transaction.
HR or anyone else.....
How typical is it that a CEO sells 38% of their holdings in a trading plan? Would this be considered too high, low, or par for the course?
It seems high to me. As some have speculated on this board, could JL be retiring soon and thus, would sell a large position?
Given the #$%$ performance since FDA approval, he could have stopped it ahead of time as a gesture of support for the company's shareholders. It's not like he doesn't already get paid a kings ransom of a salary considering the little if any work that he does.
Time and again he proves to be a greedy MF but surprisingly the inertia of the retail shareholder keeps him, his vastly overpaid and incompetent mgt. crew and the rubber stamping board in power.
Been long here for years and made a big chunk of change. These guys really never have the retail investor in mind as they endlessly assign themselves options and use the same ol #$%$ poor excuse, oh my options are expiring.
As if JL's salary isnt enough. I wouldn't mind so much if ARNA price was trading at 15x cash but no, we sit at only 5x cash which is laughable.
Poor performance by these execs no doubt. Not a single PR in sight. IR sits silently on their hands.