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Post by notamnkdmillionaire on Aug 26, 2015 7:51:43 GMT -5
I hope/pray your information is accurate - that you"know he is healthy". Have you had contact or solid confirmation since Al's appearance at May annual shareholder meeting? Or this this a hopeful assumption? I do agree with remaining post that his wishes are carefully detailed out. I have not seen him, but do have it confirmed he's doing well. My girlfriends kids see him often. They are his grandkids. I don't wish any will ill for Al (except it would be nice to see him buy some open market stock). But at 90, a healthy individual can take a turn for the worse pretty quickly even if one seems "healthy."
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Post by sportsrancho on Aug 26, 2015 8:11:02 GMT -5
I have not seen him, but do have it confirmed he's doing well. My girlfriends kids see him often. They are his grandkids. I don't wish any will ill for Al (except it would be nice to see him buy some open market stock). But at 90, a healthy individual can take a turn for the worse pretty quickly even if one seems "healthy." I wish him many more years of good health. But it would not make any difference in my investment thesis if that were to happen. He has bought in the 3's before. We can always hope:-)
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Post by notamnkdmillionaire on Aug 26, 2015 8:30:28 GMT -5
I don't wish any will ill for Al (except it would be nice to see him buy some open market stock). But at 90, a healthy individual can take a turn for the worse pretty quickly even if one seems "healthy." I wish him many more years of good health. But it would not make any difference in my investment thesis if that were to happen. He has bought in the 3's before. We can always hope:-) My concern is that he has willed his shares to charity should he pass. No one knows the terms of that. Hopefully there are explicit instructions that those charities can only sell a small portion of stock at specific times.
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Post by brentie on Aug 26, 2015 8:47:21 GMT -5
I wish him many more years of good health. But it would not make any difference in my investment thesis if that were to happen. He has bought in the 3's before. We can always hope:-) My concern is that he has willed his shares to charity should he pass. No one knows the terms of that. Hopefully there are explicit instructions that those charities can only sell a small portion of stock at specific times. A lot can change in 8 years but here's what he said in 2007. "Mr. Mann, who survived two minor bouts of cancer but said he was now healthy, said his will instructed the foundation that is to inherit his wealth to make sure that his companies have enough money. And he said the company’s name was meant to be a joke." www.nytimes.com/2007/11/16/business/16mannkind.html?pagewanted=2&_r=2(nota, I like the new avatar)
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Post by notamnkdmillionaire on Aug 26, 2015 8:56:13 GMT -5
My concern is that he has willed his shares to charity should he pass. No one knows the terms of that. Hopefully there are explicit instructions that those charities can only sell a small portion of stock at specific times. A lot can change in 8 years but here's what he said in 2007. "Mr. Mann, who survived two minor bouts of cancer but said he was now healthy, said his will instructed the foundation that is to inherit his wealth to make sure that his companies have enough money. And he said the company’s name was meant to be a joke." www.nytimes.com/2007/11/16/business/16mannkind.html?pagewanted=2&_r=2(nota, I like the new avatar)Ah ok. I figured that much but that hopefully proves his companies won't get screwed. One always needs to read the fine print of legal documents, ya know. It would have been even better if that NYSlimes article had stated Al's favorite song was "Moon River."
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Post by mnholdem on Aug 26, 2015 9:48:38 GMT -5
The disbursement of Al Mann's shares, in the event of his death, is spelled out in the annual report. Regardless, I expect that MannKind Corporation will be sold long before we mourn the passing of a legend.
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