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Post by agedhippie on May 18, 2023 21:58:09 GMT -5
I don't quite share the opinion that all corporations operate above the law. And, it might not be big pharma insulin companies (alone or at all or directly), how about vial,syringe, and bg strip manufacturers. There are many companies and stakeholders that stand to lose share and value to mnkd. They may be motivated to not make it easy. Otherwise, what maintains to be the rational case for shorting MNKD? The large corps don't do this because they have rigid processes that prevent this. Small companies have more scope because they don't usually have the controls and oversight that the major companies do. Vial and syringe manufacturers don't care (leaving aside that nobody really uses syringes for insulin any more) because they are non-specific volume products - they can be used for anything rather than just insulin. Strip manufacturers? They are far more concerned about CGMs. What is the motivation for shorting Mannkind? First you seem to be making the assumption that these people are long term shorts. Frankly at this point that's unlikely outside complex positions where Afrezza is incidental.(inverse indexes being the obvious case). It's far more likely is that what you are seeing is traders who take a short position when the share price hit's a resistance line and ride the price back down to either the mean or the lower resistance line where they exit - rinse/repeat. Mannkind is a high beta stock with decent volume so it's ideal for that trade. It's nothing personal, they are just riding the wave.
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Post by letitride on May 18, 2023 22:26:31 GMT -5
Shorting Mannkind at this point just seems pointless in everyway. After the Sanofi deal and the endless litany of illegal wall street deals that end up in court I rule nothing out but do not believe shorting is any longer an issue. I dont believe for a moment that BP is ignoring Afrezza and one way or another will be back to get a piece of it. When you cant beat um join um!
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Post by agedhippie on May 19, 2023 9:08:12 GMT -5
Shorting Mannkind at this point just seems pointless in everyway. After the Sanofi deal and the endless litany of illegal wall street deals that end up in court I rule nothing out but do not believe shorting is any longer an issue. I dont believe for a moment that BP is ignoring Afrezza and one way or another will be back to get a piece of it. When you cant beat um join um! I don't think BP is ignoring Afrezza, I just don't think that they currently see it as a threat with the current market share to care about right now. They have more pressing issues like the GLP-1 wars which are 2 to 3 times the revenue of the insulin lines with far larger margins.
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Post by prcgorman2 on May 19, 2023 9:16:51 GMT -5
Shorting Mannkind at this point just seems pointless in everyway. After the Sanofi deal and the endless litany of illegal wall street deals that end up in court I rule nothing out but do not believe shorting is any longer an issue. I dont believe for a moment that BP is ignoring Afrezza and one way or another will be back to get a piece of it. When you cant beat um join um! I don't think BP is ignoring Afrezza, I just don't think that they currently see it as a threat with the current market share to care about right now. They have more pressing issues like the GLP-1 wars which are 2 to 3 times the revenue of the insulin lines with far larger margins. There's some info for perspective. It's like they're so far ahead of MNKD you can't tell if you're actually seeing their tail lights or imagining you may be seeing them.
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Post by harryx1 on May 19, 2023 10:20:01 GMT -5
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Post by dh4mizzou on May 19, 2023 11:26:17 GMT -5
Interesting to say the least. These 4 guys seem committed to getting to the bottom of the situation.
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Post by prcgorman2 on May 19, 2023 12:04:04 GMT -5
Holy smokes. The international aspect smells 100% like illegal money laundering.
I especially like the comments at 40 minutes in with regard to CEO and board fiduciary responsibilities.
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Post by agedhippie on May 19, 2023 16:24:56 GMT -5
That is probably one of the worst videos on that topic I have watched. In the space of 5 minutes starting at 30:00 they completely misunderstanding the function of DTCC (it's to clear all exchanges of US equities regardless of venue so it sees foreign and dark pool transactions). Then they mischaracterize the role of FINRA which is not regulate broker dealers globally, it's to regulate US broker dealers so expecting FINRA to report on the actions of foreign brokers is stupid (we see shares move offshore and then FINRA says they don't report on those shares - of course not, they are not in FINRA's remit)
As an aside; a complaint of the alternate venues like ETNs and dark pools is that DTCC sells their trade records. If you want to see what foreign brokers are doing that's where you look, not FINRA. I suggest these people buy a feed from DTCC if they want to see who is doing what.
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Post by prcgorman2 on May 19, 2023 16:40:03 GMT -5
I noticed the G20 Financial Stability Board (FSB) took some actions after 2008 to be able to do a better job tracking international transactions and there are more banking Anti-Money Laundering (AML) regulations to try to improve on that aspect specifically. I'm not very trusting so I am inclined to believe that the financial industry is rife with corruption and players who lobby lawmakers and work directly with regulators to ensure they have the wiggle room they need to hide their illegal activities. It's an interesting thing. In the US, I assume the IRS is sure they're being stiffed by money-laundering, while the SEC is staffed with industry insiders who are unconvinced, unconcerned, and unmotivated to do much to stop Business As Usual.
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Post by JEvans on May 19, 2023 17:26:56 GMT -5
That is probably one of the worst videos on that topic I have watched. In the space of 5 minutes starting at 30:00 they completely misunderstanding the function of DTCC (it's to clear all exchanges of US equities regardless of venue so it sees foreign and dark pool transactions). Then they mischaracterize the role of FINRA which is not regulate broker dealers globally, it's to regulate US broker dealers so expecting FINRA to report on the actions of foreign brokers is stupid (we see shares move offshore and then FINRA says they don't report on those shares - of course not, they are not in FINRA's remit) As an aside; a complaint of the alternate venues like ETNs and dark pools is that DTCC sells their trade records. If you want to see what foreign brokers are doing that's where you look, not FINRA. I suggest these people buy a feed from DTCC if they want to see who is doing what. Aged - I'm not expert enough to know, but my gut is telling me that Share holders are being SCREWED right now from this Darkpool of Naked Shorts munipulating stock price at MNKD. Here are a couple guys trying to bring light and correct this from happening and all you can do is mock it ! Please enlighten us and share with us what you have been doing to even out stock munipiulation and darkpool trading.
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Post by agedhippie on May 19, 2023 18:23:10 GMT -5
Aged - I'm not expert enough to know, but my gut is telling me that Share holders are being SCREWED right now from this Darkpool of Naked Shorts munipulating stock price at MNKD. Here are a couple guys trying to bring light and correct this from happening and all you can do is mock it ! Please enlighten us and share with us what you have been doing to even out stock munipiulation and darkpool trading. To be clear I am not mocking, I am criticizing. That video is flat out bad and the sections I quoted show they have a total lack of understanding how those systems work. You are entitle to your gut feelings, however in reality there is no evidence that shareholders are being screwed right now. The problem for the MNKD share price is that MNKD is so tightly tied to UTHR and Tyvaso-DPI for profitability. If UTHR drops so does MNKD and right now while XBI is up 2.1% YTD UTHR is down 21%. I am doing absolutely nothing to even out share manipulation or dark pool trading. In the first case I lack the financial resources (but if someone wants to pay me a couple of million a year plus expenses i will get right on it). In the second case dark pools are systemic at this point and with few exceptions if you are a retail investor that's where your trades are happening because selling deal flow is how free stock trades are funded (for the record I use a broker that doesn't sell deal flow.) Likewise if you own mutual funds, ETFs, or have a pension you are supporting dark pools.
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Post by agedhippie on May 19, 2023 18:34:34 GMT -5
... I'm not very trusting so I am inclined to believe that the financial industry is rife with corruption and players who lobby lawmakers and work directly with regulators to ensure they have the wiggle room they need to hide their illegal activities. It's an interesting thing. In the US, I assume the IRS is sure they're being stiffed by money-laundering, while the SEC is staffed with industry insiders who are unconvinced, unconcerned, and unmotivated to do much to stop Business As Usual. I think your lack of trust is fully justified. The only thing I would say is that the lobbyists by and large are there to stop dubious activities being made illegal in the first place rather than hiding illegal activities. The problem for both the SEC and IRS is that they are very poorly paid jobs compared with industry, but a great starting point for a career in a consultancy. If you want these departments to function as we would all wish then you have to pay the going rate - and that's politically unacceptable so here we are. A lot of these people are idealist and would work for the agencies through choice, but in the end they need to make a living rather than scrape by.
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Post by prcgorman2 on May 20, 2023 9:20:12 GMT -5
Aged - I'm not expert enough to know, but my gut is telling me that Share holders are being SCREWED right now from this Darkpool of Naked Shorts munipulating stock price at MNKD. Here are a couple guys trying to bring light and correct this from happening and all you can do is mock it ! Please enlighten us and share with us what you have been doing to even out stock munipiulation and darkpool trading. To be clear I am not mocking, I am criticizing. That video is flat out bad and the sections I quoted show they have a total lack of understanding how those systems work. You are entitle to your gut feelings, however in reality there is no evidence that shareholders are being screwed right now. The problem for the MNKD share price is that MNKD is so tightly tied to UTHR and Tyvaso-DPI for profitability. If UTHR drops so does MNKD and right now while XBI is up 2.1% YTD UTHR is down 21%. I am doing absolutely nothing to even out share manipulation or dark pool trading. In the first case I lack the financial resources (but if someone wants to pay me a couple of million a year plus expenses i will get right on it). In the second case dark pools are systemic at this point and with few exceptions if you are a retail investor that's where your trades are happening because selling deal flow is how free stock trades are funded (for the record I use a broker that doesn't sell deal flow.) Likewise if you own mutual funds, ETFs, or have a pension you are supporting dark pools. I don’t have the knowledge to know, but I have read enough of your posts and have worked with enough attorneys in the private and public sectors to be comfortable your assessment is correct about the misunderstandings you observed in the video. That said, lawyers are typically very good at reading, learning, and asking unending questions. If their focus remains (funded), and enough of them care (and are funded), they will do a reasonable job of ferreting out an improving understanding. A gap can remain because the lawyers are not (typically) experts in the field of focus. Dr. Rothblatt would be a kind of an exception when it comes to understanding biopharma business, but her legal expertise was in communications policy. What it’s going to take to ferret out the systemic problems with the DTCC and Dark Pools is continued investigation and partnering with financia/trading industry insider experts. One of the earlier videos demonstrated at least one expert capable of assisting is available for hire, but I suspect it will take more than one, and could take an extended period of time. It’s good that some in Congress want to investigate, but it takes more than “an interest” and it really helps, a lot, if the topic of interest is equally detested by members from both US political parties.
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Post by cretin11 on May 21, 2023 6:40:23 GMT -5
Aged - I'm not expert enough to know, but my gut is telling me that Share holders are being SCREWED right now from this Darkpool of Naked Shorts munipulating stock price at MNKD. Here are a couple guys trying to bring light and correct this from happening and all you can do is mock it ! Please enlighten us and share with us what you have been doing to even out stock munipiulation and darkpool trading. To be clear I am not mocking, I am criticizing. That video is flat out bad and the sections I quoted show they have a total lack of understanding how those systems work. You are entitle to your gut feelings, however in reality there is no evidence that shareholders are being screwed right now. aged as usual, thank you for injecting a perspective of reality. For any new investors to MNKD who get spooked by this thread, please take heart that aged’s posts are the most accurate here on this topic. Lots of questionable info floating around out there, so know what you own!
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Post by prcgorman2 on May 21, 2023 10:21:00 GMT -5
The thread isn’t about scaring off investors. That’s the job of folks who commonly write posts denigrating the performance of MannKind and it’s management. This thread is about whether we have any reasons to want to encourage MannKind management to investigate whether there is predatory manipulative shorting of MannKind and then take legal action to recover losses and perhaps drain off some of the unusually high short interest. That’s not an attempt to try to spook anyone. That’s legitimate concerns based on MannKind’s previous appearance on the SECs SHO list, and observations about the results of on-going investigations elsewhere. It’s not a boogeyman hunt. It’s business. That’s what mature adults do. It’s called being responsible.
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