MANCHESTER MANAGEMENT CO LLC

Manchester Management sold 144.8K shares (98.6% of holdings) for $4.5M at $30.73 avg; stock down 12.8% in 30 days, 19.3% in 90 days.

Manchester Management liquidated nearly all of its SNWV position through 4 separate sales totaling 144,810 shares for $4,450,061.36, retaining only 2,000 shares. The sales occurred across three days (Dec 8–10) at an average price of $30.73, which is currently 33.6% above the 52-week high and materially above the stock's current price of $29.88. The timing is notable: the stock has declined 12.8% over the past 30 days and 19.3% over the past 90 days—a pattern consistent with selling into a downtrend. While the insider's cross-ticker track record shows a 100.00% 90-day win rate on buys with an average 90-day return of +2081.2%, the prior SNWV purchase (Oct 2024) generated +153.9% 30-day and +219.3% 90-day returns, illustrating strong prior execution at this specific ticker. The company's recent quarter showed revenue of $11,451,000.00 and net income of $10,325,000.00, but the full-year net income was negative, creating a disconnect between quarterly profitability and annual-level loss-making. This near-complete exit at elevated prices against a backdrop of recent stock weakness and mixed fundamental signals warrants investor attention to the underlying drivers of the sale.

CEO's Manchester Management Co LLC purchases 677,082 shares for $1,299,997.44 in 2 transactions at $1.92

Manchester Management Co LLC (CEO) executed 2 separate purchases totaling 677,082 shares for $1,299,997.44 at $1.92 per share on 2025-03-20, bringing holdings to 422,000 shares post-transaction. The insider's prior trades at MODD show a consistent pattern: 4 of 4 measurable prior buys delivered positive 90-day returns (ranging from +1273.2% to +4678.4%), establishing a 100% same-ticker win rate on timing. However, current fundamentals present a critical headwind: the company reported $0.00 in latest-quarter revenue and a $-4,804,000.00 net loss over its most recent full fiscal year. This creates a sharp divergence between the insider's demonstrated ability to time entries at this ticker and the company's deteriorating operational performance. The stock trades at $33.00, down 53.6% from its 52-week high of $71.10, providing a lower entry point than the recent trading range, but the revenue collapse and ongoing losses warrant scrutiny into whether the timing pattern can persist in a deteriorating operational environment.

10% Owner Manchester Management Co LLC bought 21,000 MODD shares at $1.68 on 2024-12-03; stock down 29.1% from 52-week high.

Manchester Management Co LLC, a 10% owner, acquired 21,000 shares at $1.68 on 2024-12-03, increasing holdings by 8.6% to 265,750 shares. This buy occurs amid significant recent price weakness: the stock has fallen 24.7% over 30 days and 24.0% over 90 days, trading at $50.40—29.1% below its 52-week high of $71.10. The timing aligns with an exceptional historical pattern: across his same-ticker history at MODD, prior buys on 2023-10-16 and 2024-02-16 produced 30-day returns of +3141.2% and +4890.9% respectively, with a 100% win rate at the 90-day mark. However, the company remains fundamentally challenged, posting zero revenue in the latest quarter and a $5.0M net loss for the full year. The purchase follows two additional buys just six days and twelve days prior (2024-11-27 and 2024-11-21), establishing a pattern of accumulation during a period of acute weakness.

10% Owner Manchester Management bought 100.0K shares of MODD at $1.69 on 2024-11-27, expanding stake to 244.8K shares (+69.1%)

Manchester Management, a 10% owner, purchased 100,000 shares at $1.69 on 2024-11-27 for $169.0K, increasing its holding by 69.1% to 244.8K shares post-transaction. This builds on a buy 6 days prior on 2024-11-21, demonstrating rapid consecutive accumulation in a highly compressed timeframe. The stock has declined 23.1% over the past 30 days and is currently trading at -28.3% from its 52-week high, yet the insider continues to buy into weakness. Notably, Manchester's prior MODD trades show strong realized outcomes: 2 of 2 prior buys with measurable 90-day windows delivered +4678.4% and +4432.6% returns, establishing a pattern at this specific ticker, although the company reported $-5.0M net income and $0.00 revenue in its latest quarter.

Manchester Management (CEO) purchases 166,666 shares of MODD at $1.50, now worth -32.5% from 52-week high; insider's prior MODD buys returned +4890.9% (30d) and +4678.4% (90d).

Manchester Management's $250.0K purchase of 166,666 shares at $1.50 represents a 5.3% increase in holdings to 3.28M shares, occurring as MODD trades 32.5% below its 52-week high and down 27.9% over 30 days. The CEO's prior buy at MODD on 2024-02-16 returned +4890.9% within 30 days, and two 2023 purchases returned +4678.4% and +4432.6% at the 90-day mark. However, these outsized returns occurred during a prior trading environment; the company's current fundamentals show $0.00 revenue in the latest quarter and a net loss of $-4,956,000.00, reflecting ongoing unprofitability. The timing and conviction of this repurchase merit close examination against both the historical execution pattern at this ticker and the deteriorating operating performance.

MANCHESTER MANAGEMENT buys 181.8K SNWV shares at $8.25 ($1.5M); insider has perfect 100% win rate on 3 prior buys across tickers.

Manchester Management LLC purchased 181,818 shares of SANUWAVE Health at $8.25 on 2024-10-18 for $1,499,998.50, increasing holdings to 52,653 shares. This buy is notable because the insider's cross-ticker track record shows 3 prior open-market buys with a 90-day win rate of 100.00% and an average 90-day return of +4555.5%, demonstrating a consistent pattern of successful timing across multiple securities. The current stock price of $12.00 reflects a gain of 45.5% from the transaction price, and the 30-day and 90-day returns of +69.3% and +81.8% respectively show strong post-purchase price momentum. However, this filing involves a derivative-conversion transaction with incomplete Table II holdings data in the database, so the table I position of 52,653 shares does not represent the insider's full beneficial ownership and should not be interpreted as the extent of the stake.