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Post by majorwood on May 23, 2017 13:45:13 GMT -5
Vivip75 on ST posted a pic of holdings of the Estate of Al Mann dated 5/22/17 showing a major purchase recently.
Is this info public? How can we confirm this info is accurate? If this is true the estate now owns 42% of the co!
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Post by madog365 on May 23, 2017 13:50:04 GMT -5
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Post by spudspud on May 23, 2017 14:26:04 GMT -5
They have either two business days or ten business days from acquiring new shares to disclose it ... i believe
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Post by brotherm1 on May 23, 2017 14:54:28 GMT -5
Vivip75 on ST posted a pic of holdings of the Estate of Al Mann dated 5/22/17 showing a major purchase recently. Is this info public? How can we confirm this info is accurate? If this is true the estate now owns 42% of the co! It would be a good start if he would disclose his source of information. |
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Post by sportsrancho on May 23, 2017 15:00:26 GMT -5
Vivip75 on ST posted a pic of holdings of the Estate of Al Mann dated 5/22/17 showing a major purchase recently. Is this info public? How can we confirm this info is accurate? If this is true the estate now owns 42% of the co! It would be a good start if he would disclose his source of information. He posted a picture. But I don't think it's possible to copy it and post it on here. I'll try and Google him on ST. |
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Post by sportsrancho on May 23, 2017 15:01:55 GMT -5
May. 23 at 10:15 AM Vivip75
$MNKD for people still saying Mann Estate sold, in fact they bought more...
19 30 via StockTwits for iOS
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Post by dreamboatcruise on May 23, 2017 15:36:36 GMT -5
I would question the strategy employed if they indeed did purchase shares on the open market. MNKD needs money. Why would the Mann estate buy shares from shorts rather than using that money in a direct offering so that MNKD would have use of it?
Could MNKD be using ATM and estate is doing open market purchases to support that move?
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Post by matt on May 23, 2017 15:45:48 GMT -5
I would question the strategy employed if they indeed did purchase shares on the open market. MNKD needs money. Why would the Mann estate buy shares from shorts rather than using that money in a direct offering so that MNKD would have use of it? Could MNKD be using ATM and estate is doing open market purchases to support that move? Why would they do that? If the estate wanted shares they could just do it in a private placement and MNKD could avoid paying the investment banking fee they would owe on an ATM transaction. Also as I recall, the ATM has specific rules on what the share price had to be and I don't think the company complies with those requirements any more. |
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Post by Deleted on May 23, 2017 15:49:36 GMT -5
had my friend run all holders by size on his Bloomberg terminal
1) Mann Group LLC 17 930 450
2) Alfred E Mann Living Trust 17,930,450
3) Deerfield Management 5,217,391
4) Blackrock 3 ,742,311
5) Goldman Sachs 197,003,291 (just kidding goldman is actually 6th) 1,562, 405
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Post by matt on May 23, 2017 15:56:54 GMT -5
If you look carefully at the item posted on Twitter, is shows the price per share in the right-hand column. Was the price on Jan 31 of this year $3.52 or on Feb 28 was it $2.65? I am not sure what that pic is showing, but it is not MNKD prices which makes me wonder about the rest of it as well.
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Post by robbmo on May 23, 2017 16:01:10 GMT -5
If you look carefully at the item posted on Twitter, is shows the price per share in the right-hand column. Was the price on Jan 31 of this year $3.52 or on Feb 28 was it $2.65? I am not sure what that pic is showing, but it is not MNKD prices which makes me wonder about the rest of it as well. I believe those prices are correct when adjusted for split. |
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Post by me on May 23, 2017 16:03:06 GMT -5
If you look carefully at the item posted on Twitter, is shows the price per share in the right-hand column. Was the price on Jan 31 of this year $3.52 or on Feb 28 was it $2.65? I am not sure what that pic is showing, but it is not MNKD prices which makes me wonder about the rest of it as well. In fact, those were the pre-split prices adjusted for the RS. (Since I don't know the source of the data, I can't really tell if the compiler was double-counting beneficially owned shares - as often happens when reading financial notes.) |
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Post by cyn on May 23, 2017 16:06:59 GMT -5
FYI: Link to referenced ST post... stocktwits.com/Vivip75Transaction appears to be dated 31 March 2017 and there's nothing that shows source... lacks substance imo. |
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Post by rockstarrick on May 23, 2017 16:12:35 GMT -5
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Post by madog365 on May 23, 2017 16:18:12 GMT -5
FYI: Link to referenced ST post... stocktwits.com/Vivip75Transaction appears to be dated 31 March 2017 and there's nothing that shows source... lacks substance imo. His other post shows that mannkind is presenting at Goldman Sachs conference of June 13th when i have not seen that released via PR either. I dk what platform he's using but it's either giving out non public information or this is BS. |
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