Excerpt from todays 8K

[Deleted]

The outstanding principal of all loans under the Loan Facility, if not prepaid, will become due and payable on September 23, 2024 unless accelerated pursuant to the terms of the Loan Facility. Additionally, if the Company sells its Valencia facility, the Company is required to prepay the loans under the Loan Facility in an amount equal to 100% of the net cash proceeds of the sale within five business days of receipt

Im curious about this portion of the 8-K. Does MNKD own the Valencia facility or does Al Mann? It was posted in the LATimes a few weeks ago that Mann was "cashing out of his Valenica real estate" <Sorry, cant find the link now> for $100,000,000. 

Not sure how to interpret this, but it feels like its a good thing?

[ezrasfund]

Al Mann did sell a SoCal office park for $100 million, but it was not the one where MannKind is headquartered. From the 8K we can conclude that MNKD owns the Valencia office park if they are able to offer it as loan collateral.

[bradleysbest]

FYI, on Oct 11 there is a walk for diabetes awareness at the Mann Bio Med park that is or was just sold for $100 million.....