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Post by harrys on Sept 27, 2015 18:40:19 GMT -5
or maybe Matt and Co. know we will be receiving some big news or good news in the next couple of weeks so the 32 million is a drop in the bucket? I don't have enough enthusiasm left to entertain this scenario, but I enjoy seeing the continued optimism on the board.
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Post by monetpenet on Sept 27, 2015 18:41:52 GMT -5
No big news, just more deafening silence followed by Q3 conference call innuendos and excuses. The usual...
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Post by mssciguy on Sept 27, 2015 19:20:01 GMT -5
harrys gamblerjag It's almost laughable how $32 million can and will be a very big deal for all of the hedge fund front "financial journalism" that buys and pays for space to get viewers, when we consider how much of Al's own money has been sunk into the company. If it gets much cheaper, what's stopping him from just taking it private? The Mann has infinite patience.
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Post by harrys on Sept 27, 2015 19:34:24 GMT -5
harrys gamblerjag It's almost laughable how $32 million can and will be a very big deal for all of the hedge fund front "financial journalism" that buys and pays for space to get viewers, when we consider how much of Al's own money has been sunk into the company. If it gets much cheaper, what's stopping him from just taking it private? The Mann has infinite patience. Al taking the company private at an extremely low valuation is a worrying scenario, I don't think Al has any love for shareholders or Wallstreet in general at this point. I don't know how these things work but I would hope there's some recourse for shareholders if Al were to try and take it private at say $3.50/share... from my simple understanding, he owns enough to almost unilaterally do just that.
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Post by kc on Sept 27, 2015 20:30:05 GMT -5
I haves targeted October 15 + or - for us to learn what is going to happen.
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Post by kc on Sept 27, 2015 20:47:39 GMT -5
harrys gamblerjag It's almost laughable how $32 million can and will be a very big deal for all of the hedge fund front "financial journalism" that buys and pays for space to get viewers, when we consider how much of Al's own money has been sunk into the company. If it gets much cheaper, what's stopping him from just taking it private? The Mann has infinite patience. I have thought the same thing. Al could very easily make a tender offer and take the company private. Based on today's value any price over $7.00 or $8.00 would be successful. A real bargain. He could do it to bluff Sanofi into reacting or Sanofi could also could very well do the same thing. Frankly I'm surprised that a activist investor has not tried to play the game of playing the extortion game. if an activist played the game the could do it with about 10% and force both Mannkind and Sanofi to make some tough decisions. A big Pharma could buy into Mannkind and play games too. Buying a minority 10% interest could really stir things up.surprising this has not occurred. There are many things going on behind the curtain that we don't know or see. Hopefully the great OZ will appear SHORTLY and reveal what we are all wanting to learn about the future of Mannkind and our investment.
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Post by harrys on Sept 27, 2015 21:09:30 GMT -5
harrys gamblerjag It's almost laughable how $32 million can and will be a very big deal for all of the hedge fund front "financial journalism" that buys and pays for space to get viewers, when we consider how much of Al's own money has been sunk into the company. If it gets much cheaper, what's stopping him from just taking it private? The Mann has infinite patience. I have thought the same thing. Al could very easily make a tender offer and take the company private. Based on today's value any price over $7.00 or $8.00 would be successful. A real bargain. He could do it to bluff Sanofi into reacting or Sanofi could also could very well do the same thing. Frankly I'm surprised that a activist investor has not tried to play the game of playing the extortion game. if an activist played the game the could do it with about 10% and force both Mannkind and Sanofi to make some tough decisions. A big Pharma could buy into Mannkind and play games too. Buying a minority 10% interest could really stir things up.surprising this has not occurred. There are many things going on behind the curtain that we don't know or see. Hopefully the great OZ will appear SHORTLY and reveal what we are all wanting to learn about the future of Mannkind and our investment. Why would Al pay $7 or $8 to take it private when the current PPS is much lower? Honestly if that was offered tommorow I think I'd be a fool not to take it considering how much uncertainty is involved over the next few years. 60% return on investment wouldn't be the best I've seen and nowhere near what I expected from this investment but I don't think I would stand in the way of that offer.
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Post by kc on Sept 28, 2015 10:49:21 GMT -5
I have thought the same thing. Al could very easily make a tender offer and take the company private. Based on today's value any price over $7.00 or $8.00 would be successful. A real bargain. He could do it to bluff Sanofi into reacting or Sanofi could also could very well do the same thing. Frankly I'm surprised that a activist investor has not tried to play the game of playing the extortion game. if an activist played the game the could do it with about 10% and force both Mannkind and Sanofi to make some tough decisions. A big Pharma could buy into Mannkind and play games too. Buying a minority 10% interest could really stir things up.surprising this has not occurred. There are many things going on behind the curtain that we don't know or see. Hopefully the great OZ will appear SHORTLY and reveal what we are all wanting to learn about the future of Mannkind and our investment. Why would Al pay $7 or $8 to take it private when the current PPS is much lower? Honestly if that was offered tommorow I think I'd be a fool not to take it considering how much uncertainty is involved over the next few years. 60% return on investment wouldn't be the best I've seen and nowhere near what I expected from this investment but I don't think I would stand in the way of that offer. Harry you are correct. At today's price you would think that somebody will accumulate as I stated earlier in this thread. MannKind is a ticking time bomb. You just never know when its going to explode. Hopefully that is a positive explosion and not a wipeout for investors. I will either have the biggest loss of my lifetime or the biggest gainer.
I wish that I had enough information to know what is happening behind the curtain but none of us have that information.
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Post by tchalaa on Sept 29, 2015 4:03:34 GMT -5
I haves targeted October 15 + or - for us to learn what is going to happen. Hi KC, I think they should be returned by October 1, 2015 because bank of America will be required to return the borrowed shares pursuant to the terms of the share lending agreement. The 2015 Notes were terminated and a new ones were offered and postponed. "the 45th business day following the date as of which the entire principal amount of the Notes ceases to be outstanding, subject to extension or acceleration in certain circumstances or early termination at the Share Borrower’s option" www.sec.gov/Archives/edgar/data/899460/000095012310080306/v57130e8vk.htmThe agreement in question: www.getfilings.com/sec-filings/100824/MANNKIND-CORP_8-K/v57130exv99w2.htm
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Post by anderson on Sept 29, 2015 10:57:20 GMT -5
tchalaa you quoted it yourself "the 45th business day following the date as of which the entire principal amount of the Notes ceases to be outstanding, subject to extension or acceleration in certain circumstances or early termination at the Share Borrower’s option" If the note was finished on August 15, 2015 then 45 business days is around 16oct15, but there are also Labor Day and Columbus Day so it will be bumped 2 more days(and a weekend) to the 20oct15. That is if they really did close them out on the 15Aug15.
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Post by alethea on Sept 29, 2015 11:07:46 GMT -5
tchalaa you quoted it yourself "the 45th business day following the date as of which the entire principal amount of the Notes ceases to be outstanding, subject to extension or acceleration in certain circumstances or early termination at the Share Borrower’s option" If the note was finished on August 15, 2015 then 45 business days is around 16oct15, but there are also Labor Day and Columbus Day so it will be bumped 2 more days(and a weekend) to the 20oct15. That is if they really did close them out on the 15Aug15. Exactly. I believe Aug 15 got extended a couple of weeks towards Aug 30 or so. Does the 45 days then become around Nov 1? OR, if the notes just got paid-off today or so, does the 45 business days become sometime around Dec 10th or so? Would it be too much to ask of the silent-sons-of b*tches who are MNKD management to tell us in plain, simple terms?
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Post by harrys on Sept 29, 2015 12:31:34 GMT -5
tchalaa you quoted it yourself "the 45th business day following the date as of which the entire principal amount of the Notes ceases to be outstanding, subject to extension or acceleration in certain circumstances or early termination at the Share Borrower’s option" If the note was finished on August 15, 2015 then 45 business days is around 16oct15, but there are also Labor Day and Columbus Day so it will be bumped 2 more days(and a weekend) to the 20oct15. That is if they really did close them out on the 15Aug15. Exactly. I believe Aug 15 got extended a couple of weeks towards Aug 30 or so. Does the 45 days then become around Nov 1? OR, if the notes just got paid-off today or so, does the 45 business days become sometime around Dec 10th or so? Would it be too much to ask of the silent-sons-of b*tches who are MNKD management to tell us in plain, simple terms? I just imagine when Matt and Hakan seek to put out a statement or press release they run it through some kind of word jumbling confusion translator just to assure it doesn't come out clear and concise. Gotta keep things exciting for the shareholders, what would we all endlessly discuss if MMKD was transparent? There would probably be a lot of agreement and amicable exchange on the board... sounds boring.
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Post by tchalaa on Sept 29, 2015 12:43:25 GMT -5
I haves targeted October 15 + or - for us to learn what is going to happen. Hi KC, I think they should be returned by October 16, 2015 because bank of America will be required to return the borrowed shares pursuant to the terms of the share lending agreement. The 2015 Notes were terminated and a new ones were offered and postponed. "the 45th business day following the date as of which the entire principal amount of the Notes ceases to be outstanding, subject to extension or acceleration in certain circumstances or early termination at the Share Borrower’s option" www.sec.gov/Archives/edgar/data/899460/000095012310080306/v57130e8vk.htmThe agreement in question: www.getfilings.com/sec-filings/100824/MANNKIND-CORP_8-K/v57130exv99w2.htmsorry kc you got it all right, thx anderson
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Post by traderdennis on Sept 30, 2015 19:23:16 GMT -5
Why would Al pay $7 or $8 to take it private when the current PPS is much lower? Honestly if that was offered tommorow I think I'd be a fool not to take it considering how much uncertainty is involved over the next few years. 60% return on investment wouldn't be the best I've seen and nowhere near what I expected from this investment but I don't think I would stand in the way of that offer. Harry you are correct. At today's price you would think that somebody will accumulate as I stated earlier in this thread. MannKind is a ticking time bomb. You just never know when its going to explode. Hopefully that is a positive explosion and not a wipeout for investors. I will either have the biggest loss of my lifetime or the biggest gainer.
I wish that I had enough information to know what is happening behind the curtain but none of us have that information.
KC the reason why there are no activists, is that with Al controlling 42% of the stock, the activist would have zero leverage. Lets say an activist has an 8% position. For the activist to win any kind of proxy fight, they would need to get 84% of the remaining 50% of eligible votes to outvote Al. Add in that Black Rock has a stake, SNY may have a stake it could be mathematically impossible for an activist to have a majority.
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