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Post by Deleted on Feb 14, 2015 21:59:10 GMT -5
Any ideas ?
They filed a 6F form
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Post by pmikeks on Feb 14, 2015 23:04:06 GMT -5
DEFINITION OF 'SEC FORM N-6F '
A filing with the Securities and Exchange Commission (SEC) that must be submitted by a company intending to file a notification of election to be subject to sections 55 through 65 of the Act within ninety days of the date of this filing. The company would be excluded from the definition of an investment company by section 3(c)(1) of the Act, except that it presently proposes to make a public offering of its securities as a business development company. Sections 55-65 deal with acquisition of assets by business development companies, qualification of directors, transactions with certain affiliates, changes in investment policy, incorporation of title provisions, functions and activities of business development companies, capital structure, loans, distrubution and repurchase of securities, accounts and records, and preventing compliance with title.
Could be related to MNKD or any other entity they are doing business with in USA. Be great if they were buying significant shares of mnkd stock but I'm not holding my breath.
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Post by jpg on Feb 15, 2015 1:33:02 GMT -5
Regeneron related?
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Post by daduke38 on Feb 15, 2015 5:04:21 GMT -5
Kind of interesting. Kevin puts a post up last night on YMB. It takes Mnholdem like 8 tries to post on it. I tried to ask Mnholdem a question 3 times, but they kept getting deleted. Noticed RSR and a few others were posting, but when I opened the thread, there wouldn't be anything there from these people.
Up early with the dogs, and I read the thread about 15 minutes ago. Now the whole thread has been deleted. Could have been Kevin, but why?
Strange to say the least.
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Post by nemzter on Feb 15, 2015 10:24:42 GMT -5
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Post by mnholdem on Feb 15, 2015 11:39:48 GMT -5
It's no use over there at YMB. Every single post I put up that's related to Friday's filing gets deleted. So here it is. Within the first few paragraphs of one of the attachments filed by Sanofi on Friday, you find a reference that links this filing to the F-6 filed by Sanofi on 8-7-2007. You could go to the SEC search site for SNY, or you can take my word for it that it's the original F-6 with which Sanofi deposited 500 million SNY shares to be used, presumably, for future M&A activity.
I've yet to determine EXACTLY how Friday's filing amends the original F-6 filing, or whether this latest filing somehow clears the way for some of the 500 million SNY shares to be put to use.
Why every post that gives actual information from the filing is being deleted from the YMB is a mystery. It's like somebody kicked the hornet's nest or something.
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Post by kc on Feb 15, 2015 13:57:41 GMT -5
With US markets closed Monday it would be a exciting time to watch the Shorts burn in hell with an announcement in France of a Buy in by Sanofi. Shares immediately go up and the rats are trapped as they go off the cliff.
Pre-Market Tuesday might be way too late when EU markets are open Monday and an announce in France for Late Sunday evening-early Monday morning would destroy all the shorts who are in the USA. Now that would be Al Mann's revenge. EU Markets feasting on the Run up and the Shorts being destroyed and unable to react if they were not paying attention to the Market overseas on Monday.
SHORTLY we will see what happens.
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Post by mnholdem on Feb 15, 2015 16:29:52 GMT -5
Sanofi would have 45 days after EOQ in which they acquired a 5%+ interest to report it. Today is the Feb 15th, which is 46 days after EOQ. Does SEC allows the filing to be moved to the NEXT trading day (next Tuesday, assuming all government offices are closed Monday for Presidents Day) or would the filing have to have been made public by now.
I think its the latter, which means Sanofi should have or would have announced by now if they had amassed a 5% or more ownership stake in MannKind.
Doesn't matter, really. We all know where MNKD share price is heading...
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Post by _neil on Feb 15, 2015 21:08:12 GMT -5
Seems a lot like wishful thinking. My bet is that this is Regeneron related. It's too early for SNY to be jumping in for the kill. I am, however, a pessimist who would love to be proven wrong.
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Post by babaoriley on Feb 15, 2015 22:20:55 GMT -5
Do not believe it is meaningfully related to either company, poorneil.
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Post by mnholdem on Feb 16, 2015 0:10:42 GMT -5
I'm with you on this, baba. The only amendments I've found in this Deposit Agreement is related to small updates to fees, exchange rates and responsibilities for JP Morgan Chase Bank to handle any future tansactions. The agreement simply needs to be kept up to date with current laws and regulation. There's nothing of interest in this filing, IMHO.
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Post by dg1111 on Feb 16, 2015 10:05:37 GMT -5
I know very little about mergers and acquisitions or the deal between Sanofi and Genzyme, but here goes. There are articles dated February 15, 2011 reporting the Sanofi-Genzyme deal. The 6-f was filed later, in April 2011. I could be wrong, but I think this is a coincidence. If I buyout is coming, I will likely make a lot of money and be happy, but I don't think this news points to that happening.
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