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Post by ktim on Feb 14, 2023 1:07:51 GMT -5
That depends if they ever expect change to come. If not advocating for the change is just self-promotion because they never expect to pay the price. Listen to the last 5 minutes. The “tip of the iceberg” guy whose company specializes in finding indications of misdeeds (which the other guy confirms with intra-day trade forensics) implies a well-known VIP is going to bring it to Congress in a noticeable way. I was hoping he meant Elon Musk. Regardless, we’ll see if/when that happens whether it’s real or has legs. If they really wanted to solve the problem they should be more forthcoming with their methods and data before turning it into a political circus. Obviously it'll just be political publicity stunts if it's based on proprietary evidence that can't be revealed. |
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Post by peppy on Feb 14, 2023 2:08:41 GMT -5
That depends if they ever expect change to come. If not advocating for the change is just self-promotion because they never expect to pay the price. Listen to the last 5 minutes. The “tip of the iceberg” guy whose company specializes in finding indications of misdeeds (which the other guy confirms with intra-day trade forensics) implies a well-known VIP is going to bring it to Congress in a noticeable way. I was hoping he meant Elon Musk. Regardless, we’ll see if/when that happens whether it’s real or has legs. What? If this has to do with Naked shorting do you remember the great financial crisis of 2007-2009. CDO's and all? The naked shorting of broke banks and the rest was off the charts. I would have thought your white Jesus had more basis to act then. You are too funny. Musk is financially buried. |
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Post by prcgorman2 on Feb 14, 2023 7:54:34 GMT -5
Listen to the last 5 minutes. The “tip of the iceberg” guy whose company specializes in finding indications of misdeeds (which the other guy confirms with intra-day trade forensics) implies a well-known VIP is going to bring it to Congress in a noticeable way. I was hoping he meant Elon Musk. Regardless, we’ll see if/when that happens whether it’s real or has legs. What? If this has to do with Naked shorting do you remember the great financial crisis of 2007-2009. CDO's and all? The naked shorting of broke banks and the rest was off the charts. I would have thought your white Jesus had more basis to act then. You are too funny. Musk is financially buried. My “white Jesus”? And my posts get deleted for mentioning a micro-brewery instead of staying on topic? Holy smokes. (Pun intended.) I said Elon Musk because he has a large following, especially with folks who think he is tech saavy and unafraid of being a contrarian. It’s that sort (I assume) that were activists in the GME and AMC forays. I’ve not tried to do any research on Elon, but I’ve heard that he was part of the “cypherpunks” that initiated BITCOIN. That cryptocurrency experiment has been astoundingly successful. It has forever changed how cryptography is used to secure transaction information. Digital currencies are gaining momentum, and applications based on blockchain continue to emerge. If you think about how insecure data at rest is (heard of any data breaches lately?), technology designed to operate with “zero trust” is going to continue to evolve and mature. Elon understands that better than most people. It makes him a candidate to spearhead a discussion on improving transparency in financial transactions using advanced technology. That was all. Sometimes(?), you’re maybe, just a smidge, judgemental. I myself am that way. It’s something I’m working on to try to relax a little. |
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Post by mango on Feb 14, 2023 11:36:55 GMT -5
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Post by peppy on Feb 14, 2023 11:59:20 GMT -5
2015, 8 years ago. Right after MNKD got the Label, non inferior which meant no health care insurance which meant, short it out of existence. I think that is the way Pharma and the market works in our law/rules framework. Perhaps the NASDAQ has changed the way the real time and summary volumes are collected. The trading has changed. there used to be discrepancies between the two volume collection numbers, now they are running the same. Perhaps when the volume differences between real time and summary volume were there, the option market was being used to cover the shorts. That is my take. I don't think there is much shorting of MNKD in the moment. I know some shorts exist. Case in point, Matt is still gone. poof. Matt had given us the months and year MNKD was going to be bankrupt. Then UTHR and Matt disappeared. |
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Post by prcgorman2 on Feb 14, 2023 13:12:27 GMT -5
I can't tell if MNKD is being overly manipulated, although it still does have surprisingly high short interest as compared to the average, and a casual investigation last time I looked did show some amount of naked shorting of MNKD. But, I'm not advocating that the CEO and Board hire the guys in the video shared by Harryx1 to investigate whether there is abusive naked shorting and sue the perpetrators. I'm not even trying to advocate to stop shorting or naked shorting (although I'd love that). I do, however, want to see Congress force the SEC to at least use their authority to monitor blue sheet information with their 8 year old so-far empty database.
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Post by ktim on Feb 14, 2023 14:40:24 GMT -5
Just curious about those postulating a huge number of outstanding "fake" shares... a question... when it comes time to vote your shares have you ever not gotten a ballot? Those ballots to vote are generated and administered by MNKD (transfer agents they pay and oversee) based on their records of shareholders. How does that work if there are persistently tens of millions of fake shares, that we all get our ballots and can vote?
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Post by alethea on Feb 14, 2023 15:12:16 GMT -5
Just curious about those postulating a huge number of outstanding "fake" shares... a question... when it comes time to vote your shares have you ever not gotten a ballot? Those ballots to vote are generated and administered by MNKD (transfer agents they pay and oversee) based on their records of shareholders. How does that work if there are persistently tens of millions of fake shares, that we all get our ballots and can vote? Don't know how much, if any "naked" shorting continues to occur. BUT there are 34 Million shares short (even if not "fake" or naked) and those 34 Million shares are a losing position going forward as MNKD sees real growth in Afrezza, Explosive growth in Tyvaso DPI, looming profitability and cash flow break even. The 34 Million shares shorts will be a Biggest Loser going forward. Future's so bright we gotta wear shades.  |
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Post by harryx1 on Feb 14, 2023 15:55:52 GMT -5
Just curious about those postulating a huge number of outstanding "fake" shares... a question... when it comes time to vote your shares have you ever not gotten a ballot? Those ballots to vote are generated and administered by MNKD (transfer agents they pay and oversee) based on their records of shareholders. How does that work if there are persistently tens of millions of fake shares, that we all get our ballots and can vote? The underlying problem is we (the public and individual investors) have no way of knowing that FTDs are balanced (whether its, 1 day, 3 days, 3 months or years later). They don't and won't make that info public. Why not? If everything is balanced (a buy for every sell and sell for every buy) why do they hide that information? IMO, is they don't want the public to understand that x percent of shares that were sold naked in a company slipped through the cracks in the floor and were never bought back. It's very simple for those entities (FINRA, DTCC, etc) to make that data public so people can see that every share traded was a fair transaction. And to answer your question, those tens of millions shares never show up in the system so no ballots would be generated for them. |
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Post by prcgorman2 on Feb 14, 2023 16:19:10 GMT -5
Just curious about those postulating a huge number of outstanding "fake" shares... a question... when it comes time to vote your shares have you ever not gotten a ballot? Those ballots to vote are generated and administered by MNKD (transfer agents they pay and oversee) based on their records of shareholders. How does that work if there are persistently tens of millions of fake shares, that we all get our ballots and can vote? Good question.
Close out rules are arcane and might be badly enforced.
Answer: The close-out requirement applies only to fail to deliver positions in an equity security at a registered clearing agency. We understand that transactions conducted outside CNS, operated by NSCC, are rare. If this historical pattern changes and a significant level of fails are not included in CNS, this position may be reconsidered.
Umm, what? "We understand"? Whose "we"? The SEC? How did they come to this understanding? Did a little birdie tell them?
If you research this topic you will find so much weirdness it's mind-boggling, and I'm confident that's intentional. Anyway, because the close-out clearing happens in clearinghouse and market maker environments, it looks to me like money changes hands (for margin?), and securities may be sold of "like value and kind" and a buyer is sitting on a claim to shares that shouldn't technically exist. I've assumed the claims are valid and basically represent counterfeit shares.
That explanation is horrible, so I'll happily be educated by someone who understands it better, but I will need to see verifiable references like the one I provided.
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Post by cretin11 on Feb 14, 2023 16:23:46 GMT -5
What? If this has to do with Naked shorting do you remember the great financial crisis of 2007-2009. CDO's and all? The naked shorting of broke banks and the rest was off the charts. I would have thought your white Jesus had more basis to act then. You are too funny. Musk is financially buried. My “white Jesus”? And my posts get deleted for mentioning a micro-brewery instead of staying on topic? Holy smokes. (Pun intended.) I said Elon Musk because he has a large following, especially with folks who think he is tech saavy and unafraid of being a contrarian. It’s that sort (I assume) that were activists in the GME and AMC forays. I’ve not tried to do any research on Elon, but I’ve heard that he was part of the “cypherpunks” that initiated BITCOIN. That cryptocurrency experiment has been astoundingly successful. It has forever changed how cryptography is used to secure transaction information. Digital currencies are gaining momentum, and applications based on blockchain continue to emerge. If you think about how insecure data at rest is (heard of any data breaches lately?), technology designed to operate with “zero trust” is going to continue to evolve and mature. Elon understands that better than most people. It makes him a candidate to spearhead a discussion on improving transparency in financial transactions using advanced technology. That was all. Sometimes(?), you’re maybe, just a smidge, judgemental. I myself am that way. It’s something I’m working on to try to relax a little. gorman c'mon man! Between microbrews, your white jesus, cypherpunks and chief-hating kansans, will you please try staying on topic just once? ...Aw shoot there i go being judgmental, apparently it's contagious. Will try to do better! |
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Post by dh4mizzou on Feb 14, 2023 16:32:40 GMT -5
Cretin
You wouldn't happen to be a Mizzou grad would you. I appreciate the way you didn't capitalize the 'k' in kansas.
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Post by ktim on Feb 14, 2023 16:48:56 GMT -5
Just curious about those postulating a huge number of outstanding "fake" shares... a question... when it comes time to vote your shares have you ever not gotten a ballot? Those ballots to vote are generated and administered by MNKD (transfer agents they pay and oversee) based on their records of shareholders. How does that work if there are persistently tens of millions of fake shares, that we all get our ballots and can vote? The underlying problem is we (the public and individual investors) have no way of knowing that FTDs are balanced (whether its, 1 day, 3 days, 3 months or years later). They don't and won't make that info public. Why not? If everything is balanced (a buy for every sell and sell for every buy) why do they hide that information? IMO, is they don't want the public to understand that x percent of shares that were sold naked in a company slipped through the cracks in the floor and were never bought back. It's very simple for those entities (FINRA, DTCC, etc) to make that data public so people can see that every share traded was a fair transaction. And to answer your question, those tens of millions shares never show up in the system so no ballots would be generated for them. So if you and I, or apparently anyone here, don't own these shares that don't get ballots, who is it that bought shares that aren't getting ballots? Do some people want to buy fake shares so they are ok when they realize they can't vote them and would never get dividends? Are there specific ways in which people acquire fake shares that wouldn't also result in fake shares with our retail brokers? If none of us retail investors every get these fake shares, do they really affect us? Do you trust your broker? They would know if they have failed to receive shares. They could contact MNKD's transfer agent to verify that the number of shares held in their custody (including yours) are actually shown by the transfer agent (the accurate MNKD records). Are our brokers (Schwab, TDA, Fidelity, IBRK, etc.) part of the "they" that are hiding info from us? Have you called your broker and discussed your concern that there are large numbers of fake shares in existence? (I did once call Schwab to ask about FTD and how that could affect voting and dividends) Why are they hiding information?... the only person in the recent discussion I've seen clear evidence of hiding information is that Shareintel guy who states that he won't release information to shareholders of companies, but only to corporate management. The why there is a good question. Why don't you reach out to them and inquire. I actually am unsure what he is asserting... that information showing wrongdoing is being hidden and unavailable, or that he has this information, obtained legally, that shows the wrongdoing. Obviously, I don't believe in this being a problem in the same way you believe it is. Quite frankly, I would never be involved in stocks if I believed what you do, that there can be huge numbers of long term fake shares in existence. If I believed you, I'd sell all of my MNKD shares today, for fear the shit will hit the fan. I am pretty confident this long term fake share issue isn't a problem, so I'm comfortable holding. |
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Post by prcgorman2 on Feb 14, 2023 17:08:22 GMT -5
The underlying problem is we (the public and individual investors) have no way of knowing that FTDs are balanced (whether its, 1 day, 3 days, 3 months or years later). They don't and won't make that info public. Why not? If everything is balanced (a buy for every sell and sell for every buy) why do they hide that information? IMO, is they don't want the public to understand that x percent of shares that were sold naked in a company slipped through the cracks in the floor and were never bought back. It's very simple for those entities (FINRA, DTCC, etc) to make that data public so people can see that every share traded was a fair transaction. And to answer your question, those tens of millions shares never show up in the system so no ballots would be generated for them. So if you and I, or apparently anyone here, don't own these shares that don't get ballots, who is it that bought shares that aren't getting ballots? Do some people want to buy fake shares so they are ok when they realize they can't vote them and would never get dividends? Are there specific ways in which people acquire fake shares that wouldn't also result in fake shares with our retail brokers? If none of us retail investors every get these fake shares, do they really affect us? Do you trust your broker? They would know if they have failed to receive shares. They could contact MNKD's transfer agent to verify that the number of shares held in their custody (including yours) are actually shown by the transfer agent (the accurate MNKD records). Are our brokers (Schwab, TDA, Fidelity, IBRK, etc.) part of the "they" that are hiding info from us? Have you called your broker and discussed your concern that there are large numbers of fake shares in existence? (I did once call Schwab to ask about FTD and how that could affect voting and dividends) Why are they hiding information?... the only person in the recent discussion I've seen clear evidence of hiding information is that Shareintel guy who states that he won't release information to shareholders of companies, but only to corporate management. The why there is a good question. Why don't you reach out to them and inquire. I actually am unsure what he is asserting... that information showing wrongdoing is being hidden and unavailable, or that he has this information, obtained legally, that shows the wrongdoing. Obviously, I don't believe in this being a problem in the same way you believe it is. Quite frankly, I would never be involved in stocks if I believed what you do, that there can be huge numbers of long term fake shares in existence. If I believed you, I'd sell all of my MNKD shares today, for fear the shit will hit the fan. I am pretty confident this long term fake share issue isn't a problem, so I'm comfortable holding. The "float" is a fluid thing. Shares are held for liquidity purposes, and derivatives and options are traded too as part of close-out clearing activities. Are the liquidity shares voting shares? Do the market makers vote? Are shares traded, or are claims to shares traded? Do I own shares, or a claim to shares? I have, at one time, owned actual stock certificates representing a certain amount of shares. Want to have some fun? See if you can get one of those now.
Harryx1 posted information showing naked shorting with Failures To Delivery happened to MNKD to the point of investors being warned by the SEC. That was in the depths of 2015 when shorting was attempting to force MannKind into bankruptcy so that there would never need to be a position closed. Is naked shorting still a problem? Harryx1 posted charts showing intermittent examples of naked shorting. Is that a problem? If so, how much? That was the whole point of the forensic investigators. They're not trying to sell to MNKD (necessarily). They're trying to sell to any CEO (and Board) who think they have a problem and believe they are being abused by illegal trade practices. They have tools that have been used to help others in similar situations and can provide references (and they did in the video). Maybe they cut their teeth with Patrick Bryne and Overstock.com.
If Harryx1 isn't comfortable, there is ample evidence to show he might be right to be uncomfortable. I've read enough, listened to enough, watched enough, I'm willing to believe there may be something to the concerns of the investigators, lawyers, and plaintiffs.
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Post by cretin11 on Feb 14, 2023 17:12:36 GMT -5
Cretin You wouldn't happen to be a Mizzou grad would you. I appreciate the way you didn't capitalize the 'k' in kansas. Tigers! Great observation, but no I'm not a Mizzou grad. My great-grandfather was, I remember my mom found an old sweatshirt he had, it was simple: black with gold lettering in cursive "Missouri '14" (he was class of 1914). |
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