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Post by kc on Oct 21, 2014 11:42:41 GMT -5
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Post by cybergym66 on Oct 21, 2014 12:04:50 GMT -5
The Technosphere name being trademark by Sanofi is interesting. So far the partnership information released talked about Afrezza only. I'd be interested to hear what comes out on Nov 20th. BO seems REALLY quick compared to REGN (24 months) so I'm taking that possibility as wishful thinking (but I wouldn't complain if it turned out to be true!)
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Post by suebeeee1 on Oct 21, 2014 12:12:19 GMT -5
My understanding has been that we are "Partnering" with Sanofi. It would seem that the trademarks for both Afrezza and Technosphere would continue to stay with Mannkind. And even if Mannkind was preparing to sell out to Sanofi, wouldn't there be an announcement BEFORE the transfer of the rights to both Afrezza AND Technosphere...or IMMEDIATELY following the filing of the assignment?
From this, it appears we are transferring our most valuable asset, Technosphere, without any agreement that has been announced to shareholders.
If something good is happening, one would wonder why management would want to keep this under wraps? Perhaps they have some agreement with others to supress the stock price as long as possible?
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Post by mannmade on Oct 21, 2014 12:22:04 GMT -5
It is my understanding it may be required as collateral for the loan...
With so little information I am reticent to speculate on things such as buyout and personally for my own current investment analysis regarding Mannkind Corp., I prefer to only look at the more narrow range of things that we at least know Mannkind/Sanofi are definitely moving forward on such as prepping for sales of Afrezza and licensing Technosphere, that will effect the pps in the term of the next 12 to 18 months.
For the record, I do speculate on future activities beyond the above but do not use them or factor them into my decision making process when I decide to buy more at this time... So, I do expect some kind of reorg of the company in the future whereby Afrezza is separated out from "Mannkind Technologies" (doubt it will be a separately traded company but more of a division within Mannkind Corp.,) and then at some date in the future after a sales track record for Afrezza has been established, Sanofi will make a B/O offer. I will admit to some personal speculation that I think Sanofi is currently accumulating shares of mnkd just up to 5% (disclosure required after 5%) so that they will be able to discount the purchase of the future offer they make (or at least lessen the ultimate cost of the licensing deal). Eg; as I have said before if I were the CEO of Sanofi, with all of the insider information I had in my possession about focus groups, surveys, market penetration studies and revenue forecasts/projections, I would buy as much as I thought prudent at these levels so that the marketing money I spend which ultimately contributes to Afrezza sales and thus indirectly to mnkd pps growth allows Sanofi to have a alternative profit stream (thru the mnkd share increase of shares owned by Sanofi) from the expenses incurred in the marketing of Afrezza.
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Post by kc on Oct 21, 2014 12:22:06 GMT -5
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Post by kc on Oct 21, 2014 12:22:54 GMT -5
You might be right but it seems to be more to it. Like tying up the pieces while you get your Buyout plans in place. But no matter what it might be its a very positive situation as it shows that we are continuing forward momentum down the path to higher PPS.
The Goldman situation is a message to their minions that there is something ahead. They are buying shares. They had to give a Nuetral rating so that they looked innocent when they event happens and the get caught with a large number of shares.
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Post by vissertrades on Oct 21, 2014 12:36:37 GMT -5
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Post by suebeeee1 on Oct 21, 2014 12:41:36 GMT -5
Even the Cricket is included in the filing above. Clearly something is happening. It would be nice of management to let us know.
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Post by daduke38 on Oct 21, 2014 12:43:57 GMT -5
You might be right but it seems to be more to it. Like tying up the pieces while you get your Buyout plans in place. But no matter what it might be its a very positive situation as it shows that we are continuing forward momentum down the path to higher PPS. The Goldman situation is a message to their minions that there is something ahead. They are buying shares. They had to give a Nuetral rating so that they looked innocent when they event happens and the get caught with a large number of shares. Maybe my buyout fixation has some merit. Dang, I wish I could remember where I read it, but it was from SNY and had the trademark symbol next to "A' and Toujou. It seemed weird to me that the trademark wasn't credited to MNKD. Great research KC! Could it really be a buyout??? It certainly would explain all the silence. WOW!
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Post by kc on Oct 21, 2014 12:47:21 GMT -5
But the loan notes does not mention the granting of all trademark and registration rights to Technosphere. I would have assumed that it did for Afrezza but these see to be more detailed than a security agreement. I am not an attorney and have no real experience with Trademark and Registration rights. Pehaps there is somebody on the board who does have the background.
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Post by kc on Oct 21, 2014 12:48:24 GMT -5
They can't tell us as there is a confidentially agreement in place.
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Post by daduke38 on Oct 21, 2014 12:49:43 GMT -5
I hate reading legaleze. Where is an attorney when you need one?
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Post by kc on Oct 21, 2014 12:51:21 GMT -5
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Post by mannmade on Oct 21, 2014 12:52:08 GMT -5
I could be wrong, but I doubt that Mannkind would sell Technosphere at this stage, especially not with Al's history in these matters... Afrezza possibly yes but I cannot see them selling the patents to Technosphere. If not needed for the loan then perhaps need for legal reasons with the license deal to sell product and use on the label. Not my area of expertise.
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Post by daduke38 on Oct 21, 2014 12:52:53 GMT -5
But the loan notes does not mention the granting of all trademark and registration rights to Technosphere. I would have assumed that it did for Afrezza but these see to be more detailed than a security agreement. I am not an attorney and have no real experience with Trademark and Registration rights. Pehaps there is somebody on the board who does have the background. That is way too much collateral for $175M. JMO
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