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Post by mnholdem on May 24, 2017 12:09:29 GMT -5
Sometimes, it's what is NOT being said that catches my attention. Members who have picked up the phone and called MannKind's IR Department had it explained to them that Aegis is not charging MannKind for their current service related to engaging in what many on this forum describe as "shareholder communications".
CEO Matt Pfeffer is also CFO. His secondary role is to ensure the financial health of his company. Aegis Capital is, by their own definition, a financial services company. The discussion on ProBoards, ongoing since the invitation cards started being received and reported by members here, has been focused on Aegis' interest in MNKD shareholders. After all, Aegis does provide retail services for individual investors. But they also provide services to companies, corporate or otherwise. In fact, here is the list of services provided to businesses (corporate or otherwise) that is displayed on the Aegis Capital Corp. website: www.aegiscapcorp.com/services/
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AEGIS CAPITAL CORP. - A Regional Financial Services Company that makes a difference. Changing the way business is done one person at a time.
SERVICES
Aegis Capital representatives have been involved in over $55 Billion in capital market transactions. We have extensive experience and are market leaders in the mid-market space.
Investment Banking Services
Initial Public Offerings and Secondary Offerings
Registered Direct Transactions
Institutional Private Placements (PIPEs)
Mergers and Acquisitions as well as Financial Advisory
Broad-based Private Equity, Debt, and Mezzanine Financing
Corporate Consulting including Balance Sheet Restructuring
Real Estate Financing and Structuring
Going Private Transactions
Venture Capital/Private Placement Services
Venture Capital
Private Placements/Equity Based
Reverse Mergers
Alternative Public Offerings (APO’S)
Fund Management
Bridge Financing
Private Placements into Public Equity (PIPE)
Debt Market Services
Project Financing
Asset Based & Cash Flow
Refinancing
Acquisitions
Business Expansion
Bridge to IPO
Restructuring, Forbearance & Modifications
Discounted Payoff
ADVISORY SERVICES
Corporate Restructuring
Debt Advisory
Tender Defense Advisory
Buy-Side, Sell-Side Advisory
General Merger and Acquisition Advisory
Fairness Opinions and Valuations
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So my provocative Question De Jour for my fellow ProBoard debaters is this:
What other reasons could there be for MannKind's CEO to invite Aegis to give a presentation of their services?
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The skeptic in me doubts that Aegis was invited to make a presentation solely for their "Fairness Opinions and Valuations" service (see last service below). What's not being said?
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Post by centralcoastinvestor on May 24, 2017 12:20:39 GMT -5
Perhaps this is where the next round of financing will come from. They were willing to throw in other services for free. Deerfield may be distracted at the moment since many of their principals have been named in an insider trading scheme.
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Post by sportsrancho on May 24, 2017 12:23:53 GMT -5
Nothing was offered for free, at least to shareholders.
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Post by centralcoastinvestor on May 24, 2017 12:26:48 GMT -5
Nothing was offered for free, at least to shareholders. Aegis certainly hasn't made a good first impression with shareholders. |
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Post by dreamboatcruise on May 24, 2017 12:58:57 GMT -5
Nothing was offered for free, at least to shareholders. Aegis certainly hasn't made a good first impression with shareholders. This whole thing is an odd one. I ended up with six of those cards. My only guess would be reading between the lines where someone said they were talking rights offering. Perhaps MNKD management had no problem with them exploring that as a financing option. Communicating with large shareholders to determine if there is an appetite for participation in a rights offering. As I've stated, I don't think that would be a bad option at all if the Mann entities have an ability to participate. I'd be diluted because of having significant option holding (which I don't think get any rights in an offering), but I'd likely buy in on my other shares. |
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Post by sportsrancho on May 24, 2017 13:44:03 GMT -5
Communicating with large shareholders to determine if there is an appetite for participation in a rights offering.
I have not heard or seen any evidence that that took place.
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Deleted Member
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Post by Deleted on May 24, 2017 14:01:40 GMT -5
Didnt me explain this already?
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Post by dreamboatcruise on May 24, 2017 14:02:39 GMT -5
Communicating with large shareholders to determine if there is an appetite for participation in a rights offering. I have not heard or seen any evidence that that took place. Someone did claim they had that discussion when they called Aegis... though supposedly Aegis positioned it as being their own idea, not supported by management. I do take that with a grain of salt, or three... as it was only one person. |
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Post by babaoriley on May 24, 2017 14:11:33 GMT -5
Get a few MNKD shareholders as clients, open margin accounts for them, and then Aegis can lend out the shares. There's all kinds of ways they can benefit. That's not so bad, so long as we benefit, too.
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Post by sportsrancho on May 24, 2017 14:19:10 GMT -5
Maybe Matt decided to go back to the old fashion way of communication because Aegis isn't picking up...
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Post by kc on May 24, 2017 18:16:26 GMT -5
Basically I received cards on the Friday before anybody else had received them and then by Monday I received for more. A total of eight cards. I called six different times to speak to the names on the cards. Left voicemail messages on those six times. Never once did I even get a call back. In my view AGEIS is a scam.
I did receive by email on Monday this week a response from MannKind. I have no issue with the response and understand why they did not respond to me prior to the shareholders meeting.
It basically was an apology saying that they were just trying to utilize the firm for messaging and they probably did not do it the right way. I have no animus towards the company in regards to the response.
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Post by madog365 on May 24, 2017 22:08:30 GMT -5
I've already posted this on this board but people don't seem to care or understand. Aegis is one of the majority investors in the ONLy other inhaled insulin company out there, Dance biopharm. They already have skin in this game and see the potential disruption to the insulin market. I do not believe this to be a coincidence, do you?
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Post by slugworth008 on May 24, 2017 22:30:49 GMT -5
I have ZERO idea what AEGIS is or isn't up to - All I know is that it seems to be just another enigma shrouded by clouds wrapped in a MNKD mystery.
Guess maybe one day we'll know - then again when is that UAE shipment going to be announced...sorry, I couldn't help myself.
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Post by mnholdem on May 24, 2017 22:31:45 GMT -5
I've already posted this on this board but people don't seem to care or understand. Aegis is one of the majority investors in the ONLy other inhaled insulin company out there, Dance biopharm. They already have skin in this game and see the potential disruption to the insulin market. I do not believe this to be a coincidence, do you? I didn't know that. Good info to know. I must have missed you posting this news earlier but, to be honest, I don't have the time some days to read every post, even though I try (psst, don't tell liane).  |
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Post by brotherm1 on May 24, 2017 22:50:02 GMT -5
I've already posted this on this board but people don't seem to care or understand. Aegis is one of the majority investors in the ONLy other inhaled insulin company out there, Dance biopharm. They already have skin in this game and see the potential disruption to the insulin market. I do not believe this to be a coincidence, do you? . I thnk investing in Dance shows they are not smart |
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