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Post by mike0475 on Jun 29, 2017 11:42:51 GMT -5
Between Deerfield and TMG our runaway currently has moved from where to where at this point
Prior to both announcements we could run to sept
Can someone confirm for me.
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Post by sportsrancho on Jun 29, 2017 14:16:25 GMT -5
IMO Mike's protected tweets should not be copied and posted on a public board. Other wise I would be putting them under "tweets from Mike C"
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Post by cjm18 on Jun 29, 2017 16:26:21 GMT -5
Between Deerfield and TMG our runaway currently has moved from where to where at this point Prior to both announcements we could run to sept Can someone confirm for me. How many months 15 million bucks affords. About 2 months under current burn rate.
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Post by obamayoumama on Jun 29, 2017 16:30:27 GMT -5
I would guess we can assume that Deerfield didn't dump the previous shares as someone stated, (I can't recall who made the comment, it doesn't matter at this point). I don't know that you can make that assumption at all. I think Deerfield probably did dump the earlier shares, and will likely do so with these shares. Deerfield is in the business of issuing debt; they are not a strategic equity investor that wants to hold long-term the way a healthcare fund does. Exchanging debt that is not due for several more years for shares that they can sell now reduces the amount they can lose on the loan, and shortens the duration of their debt portfolio. Converting the shares to cash now reduces Deerfield's potential loss if the company does not turn around and, like any lender, they want to maximize the upside while hedging the downside. If they sell a share Deerfield would be required to disclose via 144 SEC filing
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Post by nadathing on Jun 29, 2017 17:19:12 GMT -5
So the run way is extended from September to November? Only two months but Some of the trials should be done by then. New label at end of September too. Is there proof that the FDA has approved a new label? I see this posted on this and another board. When was the decision made? It seems to me it hasn't. I don't trust the FDA to do anything that might potentially help MNKD.
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Post by cjm18 on Jun 29, 2017 18:25:34 GMT -5
So the run way is extended from September to November? Only two months but Some of the trials should be done by then. New label at end of September too. Is there proof that the FDA has approved a new label? I see this posted on this and another board. When was the decision made? It seems to me it hasn't. I don't trust the FDA to do anything that might potentially help MNKD. It wasn't approved yet. Mannkind mentioned end of September. For what's worth.
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Post by mnkdfann on Jun 29, 2017 18:26:28 GMT -5
If they sell a share Deerfield would be required to disclose via 144 SEC filing I'm not saying it did, but could it have? Where would one find Deerfield's 144 SEC filings? I looked at the Investors page at Deerfield, and found no filings at all. www.deerfield.com/Home.aspxI suppose they might be on some SEC site?
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Post by mango on Jun 29, 2017 18:42:48 GMT -5
If they sell a share Deerfield would be required to disclose via 144 SEC filing I'm not saying it did, but could it have? Where would one find Deerfield's 144 SEC filings? I looked at the Investors page at Deerfield, and found no filings at all. www.deerfield.com/Home.aspxI suppose they might be on some SEC site? Would the 5%+ ownerships not require them to disclose?
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Post by tchalaa on Jun 30, 2017 7:29:46 GMT -5
After haven proved to be safe and ultra rapid, my hope and wish is that Greenhill get us 10 Billion deal, base on exponential forecast sale. This will also mean, observing the trajectory till september 2017 [3Q]
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Post by casualinvestor on Jun 30, 2017 8:33:19 GMT -5
I don't know that you can make that assumption at all. I think Deerfield probably did dump the earlier shares, and will likely do so with these shares. Deerfield is in the business of issuing debt; they are not a strategic equity investor that wants to hold long-term the way a healthcare fund does. Exchanging debt that is not due for several more years for shares that they can sell now reduces the amount they can lose on the loan, and shortens the duration of their debt portfolio. Converting the shares to cash now reduces Deerfield's potential loss if the company does not turn around and, like any lender, they want to maximize the upside while hedging the downside. If they sell a share Deerfield would be required to disclose via 144 SEC filing This is what is confusing me. The block of shares that Deerfield received a few months ago was more than 5%.
Form 8-K Filed Apr 19, 2017 (ii) exchange $1 million principal amount under the Tranche B Notes for 869,565 shares of the Company’s common stock (the “Tranche B Exchange Shares”) and (iii) exchange $5 million principal amount under the Amended and Restated 9.75% Senior Convertible Notes due 2019 held by Deerfield (the “Tranche 1 Notes”) for 4,347,826 shares of the Company’s common stock (together with the “Tranche B Exchange Shares”, the “Exchange Shares”).
As a 5% holder, if they had sold any of those, we would know by now?
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Post by mockingjay on Jun 30, 2017 8:37:51 GMT -5
if they sold all their shares already , they do not need to report (because less than 5% either way) .
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Post by casualinvestor on Jun 30, 2017 8:53:00 GMT -5
On April 19th, Deerfield came to own more than 5% of shares for MNKD. Is there any way they could have sold those shares without a filing? At any time?
My understanding (and I chose my "casualinvestor" name because it suits me, so I could be wrong) is that once you own more than 5%, you can't buy/sell shares without a filing. You have to go public about what you are doing.
And if that's true, I don't know why we are talking Deerfield dumping shares, EVER. If they had, the proof of that would be out there to find
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Post by boytroy88 on Jun 30, 2017 9:19:40 GMT -5
On April 19th, Deerfield came to own more than 5% of shares for MNKD. Is there any way they could have sold those shares without a filing? At any time? My understanding (and I chose my "casualinvestor" name because it suits me, so I could be wrong) is that once you own more than 5%, you can't buy/sell shares without a filing. You have to go public about what you are doing. And if that's true, I don't know why we are talking Deerfield dumping shares, EVER. If they had, the proof of that would be out there to find I had thought the requirement was that they need to file but that it's quarterly so even if they did sell we won't know about it till a while after the fact.
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Post by agedhippie on Jun 30, 2017 10:00:53 GMT -5
On April 19th, Deerfield came to own more than 5% of shares for MNKD. Is there any way they could have sold those shares without a filing? At any time? My understanding (and I chose my "casualinvestor" name because it suits me, so I could be wrong) is that once you own more than 5%, you can't buy/sell shares without a filing. You have to go public about what you are doing. And if that's true, I don't know why we are talking Deerfield dumping shares, EVER. If they had, the proof of that would be out there to find I had thought the requirement was that they need to file but that it's quarterly so even if they did sell we won't know about it till a while after the fact. That is correct. It is reflected in their next quarterly filing. If they held a controlling interest they would need to file immediately but they are a long way from that!
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Post by rockstarrick on Jun 30, 2017 10:32:16 GMT -5
If they sell a share Deerfield would be required to disclose via 144 SEC filing I'm not saying it did, but could it have? Where would one find Deerfield's 144 SEC filings? I looked at the Investors page at Deerfield, and found no filings at all. www.deerfield.com/Home.aspxI suppose they might be on some SEC site? This link should be helpful in monitoring what Deerfield is doing with any shares they may own, it has lots of information on it. I don't have any idea on the reporting requirements, but after they report you would find it here. I guess I should add that this list is thru 3/31/2017, I don't think we will find MNKD until the next update. www.nasdaq.com/quotes/institutional-portfolio/deerfield-management-co-29900/sold-outGood Luck Everybody
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