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Post by rockstarrick on May 23, 2017 20:37:41 GMT -5
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Post by akemp3000 on May 23, 2017 20:46:29 GMT -5
"This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Alfred".
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Post by dreamboatcruise on May 23, 2017 20:46:42 GMT -5
Just an adjustment in the numbers to reflect the reverse split. These are options that will expire worthless in Aug. |
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Post by mnholdem on May 23, 2017 20:57:48 GMT -5
Post-adjusted, there are a lot of Options-to-Buy at strike prices ranging from $8.45 to $45.10 per share. That truly sucks, but it is what it is. Alfred Mann probably never envisioned today's share price as remotely possible.  |
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Post by rockstarrick on May 23, 2017 21:18:16 GMT -5
Post-adjusted, there are a lot of Options-to-Buy at strike prices ranging from $8.45 to $45.10 per share. That truly sucks, but it is what it is. Alfred Mann probably never envisioned today's share price as remotely possible. I was looking at those numbers and had a redneck flashback where I had Brandicourt in a rear naked choke and ....... oh never mind, we still may get the last laugh. And now back to reality. |
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Post by dg1111 on May 23, 2017 21:27:16 GMT -5
Am I reading this right, that they only own about 8.4 million shares? The rest are options that are very far from being exercised?
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Post by anderson on May 23, 2017 21:33:04 GMT -5
So if these options were exercised doesn't that cash go to MNKD? A normal person would never exercise but if you were Al's trust and wanted to inject cash into MNKD and didnt want to do a bunch of paperwork wouldn't this help extend the runway for a couple of months?
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Post by mnholdem on May 23, 2017 22:09:23 GMT -5
Post-adjusted, there are a lot of Options-to-Buy at strike prices ranging from $8.45 to $45.10 per share. That truly sucks, but it is what it is. Alfred Mann probably never envisioned today's share price as remotely possible. I was looking at those numbers and had a redneck flashback where I had Brandicourt in a rear naked choke and ....... oh never mind, we still may get the last laugh. And now back to reality. Maybe you could invite him to Hawaii. There's a great volcano there and I know JUST the tour guide to take him there.   |
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Post by tchalaa on May 23, 2017 22:58:47 GMT -5
Form 3 is an SEC filing filed with the US Securities and Exchange Commission to indicate a preliminary insider transaction by an officer, director, or beneficial (10%) owner of the company's securities. These are typically seen after a company IPOs when insiders make their first transactions. After a Form 3 is filed, future filings of the same nature are filed under Form 4 (standard disclosure) or Form 5 (annual disclosure).
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Post by babaoriley on May 24, 2017 0:57:29 GMT -5
Post-adjusted, there are a lot of Options-to-Buy at strike prices ranging from $8.45 to $45.10 per share. That truly sucks, but it is what it is. Alfred Mann probably never envisioned today's share price as remotely possible. Al had plenty of company in that respect... |
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Post by rockstarrick on May 24, 2017 1:00:31 GMT -5
Post-adjusted, there are a lot of Options-to-Buy at strike prices ranging from $8.45 to $45.10 per share. That truly sucks, but it is what it is. Alfred Mann probably never envisioned today's share price as remotely possible. Al had plenty of company in that respect... I resemble that remark SMH 😶 |
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Post by mytakeonit on May 24, 2017 1:31:48 GMT -5
Don't mind him. He's just grouchy. Some people just can't "lose" money gracefully. I learn to ignore him. But you can put him on iggy if you like. I chose not to because I like that "type" of entertainment....yes, I know...sadistic..or was that masochistic?? LOL. Okay boytroy ... I'll forgive dg ... but, just because you asked. Hey dg ... not sure if you're real ... but, let me give you a life lesson. You'll learn the fastest thru pain. I learned this a long time ago when I studied martial arts in Taiwan during my military days. My teacher told me this ... he used me for the "dummy" because he liked me and wanted me to learn fast. When you get hit and feel the pain ... you really do learn fast. Whether it's technique of the strike ... or just how to block. But, you really do learn fast. I've applied this to almost everything that I do ... job, stock trading, ... everything. Except ... where my wife is involved. We've been together since high school ... AND, she definitely has caused me to feel a LOT OF PAIN. Ha! Nuff said ... go out there and seek your path Weedhopper ... |
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Post by rossomalley on May 24, 2017 2:17:09 GMT -5
So the date (25 Feb 2016) in box 2 must be connected with Al's demise and LT taking full control of shares. But the numbers of shares aren't so easily explained as simply being adjustment for RS. Unless there is some double counting of D and I controlled shares, it does look like there has been a sizable addition to holdings. Am I wrong?
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Post by otherottawaguy on May 24, 2017 7:07:16 GMT -5
So we have the first Form 3 filed for Dr Mann's ownership since 2004.
It shows us that his trusts are still holding 27.6M shares (138M pre split) or about 28% of the currently issued shares.
I believe that his trusts held north of 43% prior to his passing or approx 43M of today's shares (corrections or corroborations sought) .
So looks like Trusts have divested/donated away approx 15M shares or about 33%.
OOG
----------------------------------------------
Additional numbers from NASDAQ:
- Institutions are holding 22M.
- Shorts are also at: 22M.
- Current Float: 101M.
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Post by matt on May 24, 2017 7:23:11 GMT -5
So the date (25 Feb 2016) in box 2 must be connected with Al's demise and LT taking full control of shares. But the numbers of shares aren't so easily explained as simply being adjustment for RS. Unless there is some double counting of D and I controlled shares, it does look like there has been a sizable addition to holdings. Am I wrong? The shares listed in Table 1 of the form are not new, this is just a recitation of history. All the shares are held in one of two trusts, both of which are technically controlled (as the SEC defines it) by the Mann Living Trust because the Living Trust has a nominal role as managing member of The Mann Group. Nothing new here. Table II is the new information. On Al's death his options transferred to the Mann Living Trust which is a different legal entity so those shares have to be reported as a new acquisition even though the number of options has not changed. Everyone hear thinks about all the Mann entities as one big benevolent group steered by the invisible hand of the departed, but the legal reality is a bit more complex. As someone noted above, all these options are so far underwater that they will never be exercised (the all expire in August of this year), but SEC rules require these to be reported just the same. As a practical matter, nothing of substance has changed and this filling is driven purely by SEC regulations. |
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