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Post by sayhey24 on Jul 17, 2018 21:13:38 GMT -5
Can someone explain to me what is going on? All I read time and again is Deerfield shorts and covers on the private placements. Then we see this today Deerfield Mgmt, L.P. – 14,576,376 shares Deerfield Management Company, L.P. – 14,576,376 shares Deerfield Private Design Fund II, L.P. – 9,863,092 shares Deerfield Private Design International II, L.P. – 10,463,284 shares James E. Flynn – 14,576,376 shares If I added correctly thats almost 64million shares. Assuming about 150M outstanding shares does Jim/Deerfield really control over 40% of the company? If so, is Jim Flynn nuts or does he know something the rest of the market doesn't? Assuming he is not nuts, whats the end game for Jim? Clearly its not bankruptcy.
BTW - I saw he use to have a lot of DXCM and recently sold.
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Post by mango on Jul 17, 2018 21:17:23 GMT -5
Wouldn’t Deerfield be subjected to insider trading regulations? I would think that, as part of the debt negotiation, they were made aware of certain pivotal events and when they are likely to transpire. As a major shareholder (holding ~10% of outstanding shares) Deerfield may have their trading hands tied for a period of time. I tried to find the news article, remember deerfield getting inside information on insurance? 2016 article. Deerfield shorted MNKD all the way down. GS? Mike C did make a kind reference regarding Deerfield the last conference all. Deerfield [was] full of clowns. www.google.com/amp/mobile.reuters.com/article/amp/idUSKBN18K202• SEC Complaint www.sec.gov/litigation/complaints/2017/comp-pr2017-109.pdf |
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Post by sayhey24 on Jul 17, 2018 21:35:38 GMT -5
Mango - it seems to me Deerfield is accumulating and not shorting. Do I have this right?
I am assuming they have all kinds of inside info on MNKD and know almost as much about whats going on as Mike does. And, I am OK with that if they are really accumulating.
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Post by sellhighdrinklow on Jul 17, 2018 21:37:28 GMT -5
Why are you posting old news? |
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Post by mango on Jul 17, 2018 21:40:30 GMT -5
Mango - it seems to me Deerfield is accumulating and not shorting. Do I have this right? I am assuming they have all kinds of inside info on MNKD and know almost as much about whats going on as Mike does. And, I am OK with that if they are really accumulating. My understanding of Deerfield goes kind of like this The wheel is turning and you can't slow down
You can't let go and you can't hold on
You can't go back and you can't stand still
If the thunder don't get you then the lightning will |
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Post by tinkusr8215 on Jul 17, 2018 21:59:06 GMT -5
Can someone explain to me what is going on? All I read time and again is Deerfield shorts and covers on the private placements. Then we see this today Deerfield Mgmt, L.P. – 14,576,376 shares Deerfield Management Company, L.P. – 14,576,376 shares Deerfield Private Design Fund II, L.P. – 9,863,092 shares Deerfield Private Design International II, L.P. – 10,463,284 shares James E. Flynn – 14,576,376 shares If I added correctly thats almost 64million shares. Assuming about 150M outstanding shares does Jim/Deerfield really control over 40% of the company? If so, is Jim Flynn nuts or does he know something the rest of the market doesn't? Assuming he is not nuts, whats the end game for Jim? Clearly its not bankruptcy.
BTW - I saw he use to have DeerField lucky number is 14,576,376 . Hence they bought the same amount of shares in 3 accounts. |
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Post by Omega on Jul 17, 2018 21:59:56 GMT -5
Can someone explain to me what is going on? All I read time and again is Deerfield shorts and covers on the private placements. Then we see this today Deerfield Mgmt, L.P. – 14,576,376 shares Deerfield Management Company, L.P. – 14,576,376 shares Deerfield Private Design Fund II, L.P. – 9,863,092 shares Deerfield Private Design International II, L.P. – 10,463,284 shares James E. Flynn – 14,576,376 shares If I added correctly thats almost 64million shares. Assuming about 150M outstanding shares does Jim/Deerfield really control over 40% of the company? If so, is Jim Flynn nuts or does he know something the rest of the market doesn't? Assuming he is not nuts, whats the end game for Jim? Clearly its not bankruptcy.
BTW - I saw he use to have a lot of DXCM and recently sold.
I'm wondering about this too,this is near the bottom of the filing: Amount beneficially owned**: Deerfield Mgmt, L.P. – 14,576,376 shares Deerfield Management Company, L.P. – 14,576,376 shares Deerfield Private Design Fund II, L.P. – 9,863,092 shares Deerfield Private Design International II, L.P. – 10,463,284 shares James E. Flynn – 14,576,376 shares (b) Percent of class**: Deerfield Mgmt, L.P. – 9.985% Deerfield Management Company, L.P. – 9.985% Deerfield Private Design Fund II, L.P. – 6.77% Deerfield Private Design International II, L.P. – 7.18% James E. Flynn – 9.985% |
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Post by porkini on Jul 17, 2018 22:24:56 GMT -5
No, it was around 50 cents prior to reverse split, afterwards it bottomed out at around 13 cents pre-split (67 cents post-split). again and again and again why people never learn see all the confusion mentioning pre-split and reverse split no reason for it. it justs get people confused. People here appear so smart on the difficult part of understanding this drug and all the medical terms, but they can't get past just using a current split numbers. go figure Pre-split post-split hey all you need to know and keep track of is your average price per share. But please we are postpost-split so let's use that number now. Unless you were invested pre-split then please calculate that into your apps. Please don't try to confuse the rest of us who have had a cool beverage. Thx! |
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Post by hellodolly on Jul 18, 2018 5:22:29 GMT -5
again and again and again why people never learn see all the confusion mentioning pre-split and reverse split no reason for it. it justs get people confused. People here appear so smart on the difficult part of understanding this drug and all the medical terms, but they can't get past just using a current split numbers. go figure Pre-split post-split hey all you need to know and keep track of is your average price per share. But please we are postpost-split so let's use that number now. Unless you were invested pre-split then please calculate that into your apps. Please don't try to confuse the rest of us who have had a cool beverage. Thx! My trading account helps maintain those aweful God-forsaken numbers, uugh!  |
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Post by sayhey24 on Jul 18, 2018 5:31:17 GMT -5
OK - Does Deerfield really own 44% of Mannkind? I see Deerfield calls Mannkind a financing partner www.deerfield.com/Investment.aspx?t=1If this is true, has all the talk about Deerfield being toxic funding been wrong? Has it simply been Deerfield trying to get the best price possible to get as many shares as possible and are they really playing the long game? When Deerfield buys should we all be buying? If Deerfield is really accumulating, I would assume the last thing they want to see is MNKD going bankrupt. I also assume they think they know something the rest of the market does not. Is it fair to say all of Spencer Osborne's weekly whining of MNKD not being able to pay the Deerfield debt and all the talk of bankruptcy are off the table? It seems at this point Deerfield is fully committed to seeing this through and the runway Dr. Kendall needs to complete the "easiest job" he has ever had is now complete. Do I have this right? |
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Post by golfeveryday on Jul 18, 2018 5:33:54 GMT -5
OK - Does Deerfield really own 44% of Mannkind? I see Deerfield calls Mannkind a financing partner www.deerfield.com/Investment.aspx?t=1If this is true, has all the talk about Deerfield being toxic funding been wrong? Has it simply been Deerfield trying to get the best price possible to get as many shares as possible and are they really playing the long game? When Deerfield buys should we all be buying? If Deerfield is really accumulating, I would assume the last thing they want to see is MNKD going bankrupt. I also assume they think they know something the rest of the market does not. Is it fair to say all of Spencer Osborne's weekly whining of MNKD not being able to pay the Deerfield debt and all the talk of bankruptcy are off the table? It seems at this point Deerfield is fully committed to seeing this through and the runway Dr. Kendall needs to complete the "easiest job" he has ever had is now complete. Do I have this right? I do not think 44% is correct but my feeling is they are more friendly these days based on the nice comment MC made on the last call as well. |
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Post by sportsrancho on Jul 18, 2018 6:23:07 GMT -5
Golf... my thoughts exactly.
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Post by awesomo on Jul 18, 2018 7:22:46 GMT -5
OK - Does Deerfield really own 44% of Mannkind? I see Deerfield calls Mannkind a financing partner www.deerfield.com/Investment.aspx?t=1If this is true, has all the talk about Deerfield being toxic funding been wrong? Has it simply been Deerfield trying to get the best price possible to get as many shares as possible and are they really playing the long game? When Deerfield buys should we all be buying? If Deerfield is really accumulating, I would assume the last thing they want to see is MNKD going bankrupt. I also assume they think they know something the rest of the market does not. Is it fair to say all of Spencer Osborne's weekly whining of MNKD not being able to pay the Deerfield debt and all the talk of bankruptcy are off the table? It seems at this point Deerfield is fully committed to seeing this through and the runway Dr. Kendall needs to complete the "easiest job" he has ever had is now complete. Do I have this right?
Notice the "Shared Voting Power" vs. "Sole Voting Power" SOLE VOTING POWER
0 SHARED VOTING POWER
14,576,376 (1) Also, the "Aggregrate Amount" of shares owned (total amount).... AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,576,376 (1) Also the footnote says... The number of shares reported excludes shares issuable upon conversion of the convertible notes in excess of the Conversion Cap. In addition, the convertible notes restrict the conversion of such securities to the extent that, upon such conversion, the number of shares then beneficially owned by the holder and its affiliates and any other person or entities with which such holder would constitute a Section 13(d) “group” would exceed 9.985% of the total number of shares of the Issuer then outstanding (the “Ownership Cap”). |
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Post by morgieporgie on Jul 18, 2018 7:37:36 GMT -5
OK - Does Deerfield really own 44% of Mannkind? I see Deerfield calls Mannkind a financing partner www.deerfield.com/Investment.aspx?t=1If this is true, has all the talk about Deerfield being toxic funding been wrong? Has it simply been Deerfield trying to get the best price possible to get as many shares as possible and are they really playing the long game? When Deerfield buys should we all be buying? If Deerfield is really accumulating, I would assume the last thing they want to see is MNKD going bankrupt. I also assume they think they know something the rest of the market does not. Is it fair to say all of Spencer Osborne's weekly whining of MNKD not being able to pay the Deerfield debt and all the talk of bankruptcy are off the table? It seems at this point Deerfield is fully committed to seeing this through and the runway Dr. Kendall needs to complete the "easiest job" he has ever had is now complete. Do I have this right?
Notice the "Shared Voting Power" vs. "Sole Voting Power" SOLE VOTING POWER
0 SHARED VOTING POWER
14,576,376 (1) Also, the "Aggregrate Amount" of shares owned (total amount).... AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,576,376 (1) Also the footnote says... The number of shares reported excludes shares issuable upon conversion of the convertible notes in excess of the Conversion Cap. In addition, the convertible notes restrict the conversion of such securities to the extent that, upon such conversion, the number of shares then beneficially owned by the holder and its affiliates and any other person or entities with which such holder would constitute a Section 13(d) “group” would exceed 9.985% of the total number of shares of the Issuer then outstanding (the “Ownership Cap”).If they are affiliates and own 44%, the affiliates together still own the 44% of shares. Maybe that was just to keep it under wraps, the affilates part. |
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Post by traderdennis on Jul 18, 2018 8:04:16 GMT -5
No, they do not own 44%, they own 9.985% (which includes stock underlying convertible notes). All these Deerfield entities listed are affiliates of each other.
Notice the "Shared Voting Power" vs. "Sole Voting Power" SOLE VOTING POWER
0 SHARED VOTING POWER
14,576,376 (1) Also, the "Aggregrate Amount" of shares owned (total amount).... AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,576,376 (1) Also the footnote says... The number of shares reported excludes shares issuable upon conversion of the convertible notes in excess of the Conversion Cap. In addition, the convertible notes restrict the conversion of such securities to the extent that, upon such conversion, the number of shares then beneficially owned by the holder and its affiliates and any other person or entities with which such holder would constitute a Section 13(d) “group” would exceed 9.985% of the total number of shares of the Issuer then outstanding (the “Ownership Cap”). If they are affiliates and own 44%, the affiliates together still own the 44% of shares. Maybe that was just to keep it under wraps, the affilates part. Warrants owned but not exercised also count in the calculation. Same as options not exercised. |
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