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Post by bluemoth on Nov 11, 2015 13:36:26 GMT -5
Hi, I understand what you are saying but this is a critical moment for the company, they are issuing share to raise money to survive based on tomorrow's share price...if it is total BS, just put out a statement that everything is going on as planned, instead of watching the share price drop more than 20%...it does not hurt anybody and I don't think it will take too much of their time...but I never ran a company so please correct me if I am wrong
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Post by monger on Nov 11, 2015 13:37:27 GMT -5
Israel Securities Authority found that the lock-up clause refers only to the Tel Aviv Stock Exchange. Organs, if they wish, they could sell their shares Mankind in New York. What? We're selling organs now? That's incredible news! That may explain why I woke up this morning in a bathtub full of ice with one of my kidneys missing. Oh wait, it was just my MNKD portfolio that felt like an illegally harvested kidney. My mistake. |
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Post by ashiwi on Nov 11, 2015 13:37:39 GMT -5
MannKind recovers off lows as rumors of demise of TASE deal subside
Nov 11 2015, 13:31 ET | About: MannKind Corporation (MNKD) | By: Douglas W. House, SA News Editor [Contact this editor with comments or a news tip]
Battered and bruised MannKind (MNKD -8.3%) is down on more than a 5x surge in volume, but has recovered almost 20% from the session's low of $1.76. Earlier, there were rumors that the company's plan to sell 50M shares to Israeli investors as part of its dual listing on the TASE was in jeopardy. Investors appear to believe it was just that, a rumor.
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Post by cfield23 on Nov 11, 2015 13:38:29 GMT -5
Can you guys explain this one: We note that the issue is not related to the cancellation of the entry of stock indices which is expected to take place tomorrow, just not through issuance of new shares (ie in terms of documents - without a discount of 3%, and for the company - without raising money). In this case, demand from the share certificates will be around 300 million. If that's the case, does it mean the ETFs can buy on market, but cannnot be long term holders? If so, that means that they're not going to get any cash from this. Thoughts??? tchalaaSource: www.bizportal.co.il/capitalmarket/news/article/417848If this is the case, they will have to set up another offering, probably domestic. This could be good as the share price will be bolstered by purchases on the open market but bad if 50mil shares become available for covering and further shorting domestically. Is this information from Matt? That's what I'm concerned about -- if they need to actually issue shares on the market in the USA, that's not a good/creative way of getting capital. |
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Post by jeremg on Nov 11, 2015 13:45:09 GMT -5
If this is the case, they will have to set up another offering, probably domestic. This could be good as the share price will be bolstered by purchases on the open market but bad if 50mil shares become available for covering and further shorting domestically. Is this information from Matt? That's what I'm concerned about -- if they need to actually issue shares on the market in the USA, that's not a good/creative way of getting capital. If the deal has changed this much, I would expect them to issue a PR explaining the new situation and hopefully* the implications. Matt seemed very happy with the offering arrangement during the CC as it would have kept shares out of the hands of shorts and secured them long, I would like to know if this idea has now been jeopardized under the new arrangement. It is amazing to me how far reaching the manipulators are on WS, I would have never guessed in a thousand years that they would have been able to jeopardize this genius plan on raising capital while foiling the short's unfolding plot. |
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Post by longinvstr on Nov 11, 2015 13:48:42 GMT -5
If this is the case, they will have to set up another offering, probably domestic. This could be good as the share price will be bolstered by purchases on the open market but bad if 50mil shares become available for covering and further shorting domestically. Is this information from Matt? That's what I'm concerned about -- if they need to actually issue shares on the market in the USA, that's not a good/creative way of getting capital. My understanding: TASE regulators objected b/c INDEX funds would be prohibited from balancing (buy/sell) MNKD during the six month lock-up Lock-up remains on the TASE Balancing may occur on NASDAQ in NY, if needed All else remains the same |
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bats
Newbie
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Post by bats on Nov 11, 2015 13:51:24 GMT -5
I just finished filling out the online SEC complaint form about AF intentionally manipulating MNKD stock with his tweets this morning. I know nothing will come of it but it made me feel better. It also records a pattern of behavior for a future event- BATS
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Post by tjones0899 on Nov 11, 2015 13:54:30 GMT -5
Can you share?
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Post by kc on Nov 11, 2015 13:58:54 GMT -5
If Sanofi had any plans of buying up MNKD for less than the milestone expenses, this looks like the time to do it, because it looks like MNKD has about $8 million left, which is, by my guesstimate, about one month burnrate. Once that is gone, its a going out of business sale... So, very soon we will see if anyone has any interest in owning Afrezza or the Technosphere patents... yeah, you conveniently ignore a lot of facts. AF only knows Lashon hora (lit. "evil tongue") is considered to be a very serious sin in the Jewish tradition. |
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Post by jpg on Nov 11, 2015 14:08:05 GMT -5
A journalist would check his sources and not simply repeat a 'poorly translated source'. Especially so about such an important story.
This is simply market manipulation and should obviously ne prosecuted.
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Post by sluggobear on Nov 11, 2015 14:13:19 GMT -5
I also filled out the form and listed AF, Martin Shkreli, and Dan Stanton as colluders. Stanton published an article in InPharma Technologist recently describing Afrezza similar to Prius and citing an article that "Sanofi has frozen hiring of sales reps for Afrezza". The citation link leads to his own previous spurious article with the foregoing title that is attributed solely to an anonymous "ex-sales rep".
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Post by bill on Nov 11, 2015 14:13:51 GMT -5
That's what I'm concerned about -- if they need to actually issue shares on the market in the USA, that's not a good/creative way of getting capital. My understanding: TASE regulators objected b/c INDEX funds would be prohibited from balancing (buy/sell) MNKD during the six month lock-up Lock-up remains on the TASE Balancing may occur on NASDAQ in NY, if needed All else remains the same Ahhh.. Your explanation is the first one I've read that makes some sense. Deal goes through because the TASE funds can rebalance during the 6 months lock-up by buying / selling shares on the NASDAQ. Perfect... |
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Post by kc on Nov 11, 2015 14:16:10 GMT -5
The saga of the issuance of Mankind has come to an end - through a creative solution. Mankind You can issue shares in Israel and the ETF (permanent liquidity commitment) could buy them, although they will be locked up for six months. Israel Securities Authority found that the lock-up clause refers only to the Tel Aviv Stock Exchange. Organs, if they wish, they could sell their shares Mankind in New York. It remains to be seen whether institutions decide to participate in the offering. How to share Mankind (US): Strong Buy Shopping Please wait For Sale STRONG SELL To share Mankind (US) On the other hand, the Tel Aviv Stock Exchange issued a notice to prevent such incidents in the future - TASE Board of Directors will meet on November 19 to offer an amendment concerning the guidelines on general measures. Until the stock exchange decided to offer will be accepted only if there are two conditions that the company can enter the measures, the first is linked to Israel and the other is whether the company has received authorization until 22 November this year. The second section actually sets the entry of Mankind measures and thus support the Company's anticipated IPO. Any notice of the Stock Exchange: "Further inquiries market operators and in-depth discussions on the subject, Faculty Stock Exchange will approve the Board of Directors' proposal that, until the completion of the reform, not ship indexes of new shares, incorporated abroad and who have no connection to Israel. The aim of the proposal is to maintain the Israeli identity of the stock exchange indices" . View AttachmentView Attachmenttranslate.google.de/translate?hl=en&sl=iw&u=http://www.calcalist.co.il/&prev=search So the offering will go through but on different terms? What was the "6mo lock up clause" which seemed to cause so much controversy? Lock up preventing sale of shares for six months by the ETF funds. That would be smart it that was the term |
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bats
Newbie
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Post by bats on Nov 11, 2015 14:32:55 GMT -5
In my opinion, AF's tweets this morning were potentially manipulative. Here is the process to report him to the SEC. www.sec.govClick on the "Submit a Tip -or- File a complaint tab" Click on "Report a possible securities fraud Click on "Tips, Complaints and Referrals Portal" Click "I Accept" Click "Questionnaire" Fill in the drop boxes and select the tabs as they apply to your complaint: I choose the "manipulation" heading and copied and pasted the potentially in my opinion illicit tweets. Very simple and satisfying-BATS |
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Post by kc on Nov 11, 2015 14:48:33 GMT -5
A journalist would check his sources and not simply repeat a 'poorly translated source'. Especially so about such an important story. This is simply market manipulation and should obviously ne prosecuted. He probably knows and reads Hebrew. He knew. |
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