MNKD Sotck and Note Exchange query

[Rotunda]

I am posting for the first time here. I was reading through the latest Mannkind Stock & Note exchange note on their investor relations web page.

I wanted to know the meaning of the last paragraph, above the Forward looking statements. Are the possible new acquirers not from US?

On their Corporate website, what is the meaning of the last paragraph that says............................Neither the 2018 notes nor the shares of common stock to be issued in exchange for the 2015 notes have been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. - See more at: investorsDOTmannkindcorpDOTcom/releasedetailDOTcfm?ReleaseID=924457

[dudley]

Basically means nothing - minor bureaucratic point - see HERE

[dreamboatcruise]

I wouldn't say it means nothing. It means they can't sell them and can't loan them to shorts to sell. It would be somewhat bullish if they are converted because it would only be someone wanting to hold them long term that would take these shares. Of course it would also mean if they could get registered shares cheaper, they'd be crazy to have converted paying more for shares that have strings.

[Deleted]

Aug 4, 2015 15:58:20 GMT -5 Rotunda said:

I am posting for the first time here. I was reading through the latest Mannkind Stock & Note exchange note on their investor relations web page.

I wanted to know the meaning of the last paragraph, above the Forward looking statements. Are the possible new acquirers not from US?

On their Corporate website, what is the meaning of the last paragraph that says............................Neither the 2018 notes nor the shares of common stock to be issued in exchange for the 2015 notes have been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. - See more at: investorsDOTmannkindcorpDOTcom/releasedetailDOTcfm?ReleaseID=924457

The shares will be registered shortly.  Many times they are not initially registered but will happen soon.