|
Post by agedhippie on Mar 29, 2019 8:10:41 GMT -5
Name and Address of Beneficial Owner Number of Shares Percent of Total Greater than 5% Stockholders The Mann Group LLC (1) 19,674,442 9.90%12744 San Fernando Road Sylmar, CA 91342 The Alfred E. Mann Living Trust (2) 19,859,000 9.99%12744 San Fernando Road Sylmar, CA 91342 Named Executive Officers and Directors ...The 19,859,000 shares the Trust holds includes the Mann Group's 19,674,442. The various Mann entities control 9.99% in total. A lot of those shares are not real though, and are shares they could acquire if they convert debt to equity at $4 per share.
|
|
|
Post by matt on Mar 29, 2019 9:36:37 GMT -5
The 19,859,000 shares the Trust holds includes the Mann Group's 19,674,442. The various Mann entities control 9.99% in total. A lot of those shares are not real though, and are shares they could acquire if they convert debt to equity at $4 per share. Correct. There is essentially a double count due to the way the SEC requires reporting for interlocking entities. If I did my math correctly, the Mann entities now own 8,919,000 issued shares which is 4.75% of the outstanding, the rest are contingent on exercise of conversion rights on the debt.
|
|
|
Post by ktim on Mar 29, 2019 12:33:21 GMT -5
Totally agree sports. Now to find the answer as to why the ASM will be in New York. Took a look to see if United has anything announced around that date but didn't see anything. Mike teased the location in the last earnings call. Stood out to me. Soft pumping, soft bashing. The world is just too squishy these days.
|
|
|
Post by sportsrancho on Mar 29, 2019 13:11:03 GMT -5
|
|
|
Post by mango on Mar 29, 2019 14:39:55 GMT -5
I'm voting NO on all that, and, YES for Bill McCullough.
|
|
|
Post by brotherm1 on Mar 29, 2019 15:59:46 GMT -5
I believe it’s too late: “ Stockholder Nominations The Nominating and Corporate Governance Committee will consider director candidates recommended by stockholders. The Nominating and Corporate Governance Committee does not intend to alter the manner in which it evaluates candidates, including the minimum criteria set forth above, based on whether a candidate was recommended by a stockholder or not. Stockholders who wish to recommend individuals for consideration by the Nominating and Corporate Governance Committee to become nominees for election to the Board of Directors must do so by delivering at least 120 days prior to the anniversary date of the mailing of MannKind’s proxy statement for its last annual meeting of stockholders a written recommendation to the Nominating and Corporate Governance Committee, c/o MannKind Corporation, 30930 Russell Ranch Road, Suite 300, Westlake Village, California 91362, Attn: Corporate Secretary. Each submission must set forth: • the name and address of the MannKind stockholder on whose behalf the submission is made; • the number of MannKind shares that are owned beneficially by such stockholder as of the date of the submission; • the full name of the proposed candidate; 12 • a description of the proposed candidate’s business experience for at least the previous five years; • complete biographical information for the proposed candidate; and • a description of the proposed candidate’s qualifications as a director. Each submission must be accompanied by the written consent of the proposed candidate to be named as a nominee and to serve as a director if elected. To date, the Nominating and Corporate Governance Committee has not received a timely nomination of a candidate for election as a director at any annual meeting from a stockholder or group of stockholders holding more than 5% of our voting stock.” “Each submission must be accompanied by the written consent of the proposed candidate to be named as a nominee and to serve as a director if elected. To date, the Nominating and Corporate Governance Committee has not received a timely nomination of a candidate for election as a director at any annual meeting from a stockholder or group of stockholders holding more than 5% of our voting stock.”. (page 13) www.sec.gov/Archives/edgar/data/899460/000114036119005883/bp18389x2_def14a.htm
|
|
|
Post by sportsrancho on Mar 29, 2019 16:58:08 GMT -5
It’s too late for a lot of things I’m trying to figure out what just happened!!
|
|
|
Post by bigchungus91354 on Mar 29, 2019 17:34:33 GMT -5
ST.......$MNKD all that soft bashing that they would be requesting additional shares to dilute with and what do we have? Nothing. That is great news! Bullish This is very good news! I was getting ready to reduce significantly if they asked for shares, but I'm back to holding out until $3 now. They should get back the count from the 2.38 warrants soon. If this rises, they could re-offer half of those, say around 2.80, with warrants close to the same. Only time will tell, but as long as they get the milestone from UTHR this should continue to rise. So it looks like Mike through SH under the bus after all.
|
|
|
Post by steelers on Mar 29, 2019 17:42:33 GMT -5
As a former president of a startup (that invested a ton of my own money as well) I wouldn't take a dime until my investors (whom I had to look in the eye as I took their money) made a return of their principal. It was a unique situation as I could afford to but still I cannot fathom asking for a raise in light of this information let alone what has transpired up until this point. I lost all respect for Mike C and management if this is indeed the entire picture today.. shareholder since 2012 (pretty decent size shareholder too)..
|
|