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Post by lakers on Jan 19, 2016 19:34:41 GMT -5
When must a company announce earnings? By Investopedia Staff The Securities & Exchange Commission (SEC) requires companies to file earnings reports no later than 45 days after the end of their first three quarters, and their quarterly and annual reports 90 days after their fiscal year end. Companies file quarterly earnings reports on Form 10-Q or 10-QSB and yearly earnings reports on Form 10-K or 10-KSB. A company can file these reports or announce earnings publicly whenever it chooses, provided it follows the 45- and 90-day guidelines set forth by the SEC. However, in an attempt to make information available to the public in a more timely manner, the SEC adopted rules on August 27, 2002, that saw these 45- and 90-day requirements reduced to 35 and 60 days, respectively. The tightening of filing requirements, however, affects only public companies that have a public float of at least $75 million and have been subject to the Securities Exchange Act of 1934 for at least 12 months. The change in time periods was phased in over three years, starting November 15, 2002. For the first year, companies were allowed the 45- and 90-day requirements, then 40- and 75-day requirements the second year, and then 35- and 60-day requirements for the years thereafter. Many websites have the release dates for earnings reports of publicly traded companies. www.investopedia.com/ask/answers/04/050604.asp#ixzz3xjoDX1PT 4Q14 ER was on 2/24/15. Matt said end of Feb 2016 [after BoD meeting on 2/18/16]. For leap year, it's Mon 2/29/16, exactly 60-day limit. |
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Post by jpg on Jan 19, 2016 19:42:58 GMT -5
So?
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Post by lakers on Jan 19, 2016 20:09:33 GMT -5
You said you sold all your Mnkd stocks. Why a concern citizen now ? Did you go long at $1.78 ? What's your investment thesis when you buy back long? It doesn't bother me if you short or buy put either as long as you make money. |
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Post by jpg on Jan 19, 2016 20:30:20 GMT -5
You said you sold all your Mnkd stocks. Why a concern citizen now ? Did you go long at $1.78 ? What's your investment thesis when you buy back long? It doesn't bother me if you short or buy put either as long as you make money. I simply asked you why the trivia you just posted matters... |
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Post by onemann on Jan 19, 2016 20:47:22 GMT -5
Hope this isn't off topic but Matt also told us there would be an update or meeting of sorts prior to their earnings CC. So, between our almost announcement at JPM and the fact that we are supposed to get an update prior to CC, Expect news soon. for the love of our portfolios I "hope" it's sooner rather than later.
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Post by lakers on Jan 19, 2016 20:51:00 GMT -5
You said you sold all your Mnkd stocks. Why a concern citizen now ? Did you go long at $1.78 ? What's your investment thesis when you buy back long? It doesn't bother me if you short or buy put either as long as you make money. I simply asked you why the trivia you just posted matters... Why would you care at all if no stake? Other investors deserve to know more. With new lawsuits the company may clamp up. It may not be trivial to others. You can buy US bond if it makes you sleep better. |
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Post by Deleted on Jan 19, 2016 20:52:29 GMT -5
I think the last BOD meeting was not that encouraging
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Post by lakers on Jan 20, 2016 0:57:09 GMT -5
Hope this isn't off topic but Matt also told us there would be an update or meeting of sorts prior to their earnings CC. So, between our almost announcement at JPM and the fact that we are supposed to get an update prior to CC, Expect news soon. for the love of our portfolios I "hope" it's sooner rather than later. would like to consider having a call with our investors sometime between now and the next earnings call where we can go into a little more detail about some of these things. I hope we'll have a little clearer path we can lay out for some of the initiatives we have going on that we can do after a few days effort in a 25-minute presentation. And maybe I'll even give Ray a few more minutes to talk as well and we'll try to do that sometime between now and our scheduled regular -- we have regularly scheduled earnings call, which is at the end of February. seekingalpha.com/article/3809206-mannkinds-mnkd-ceo-matt-pfeffer-presents-at-34th-annual-jpmorgan-healthcare-conference-transcript?part=singleThus, one might narrow down a little more by deducing that SH meeting might happen after BoD meeting on 2/18/16 and before 2/29/16 ER. It seems BoD might sign off some strategic decisions on 2/18 before Matt and Ray can present to SH. |
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Post by trondisc on Jan 20, 2016 1:56:29 GMT -5
How the hell is MannKind's IP alone barely worth $1? Scripts are improving though at a snails pace yet the PPS dwindles because the market is essentially saying MannKind's technology *if they go at it solo* is only $67.0-1.00? What kind of sh*t is that? I'm unfortunately Long in the 2's/3's so please don't attack. Serious question here especially for a company that could have changed the world with Technosphere advancements vs. on the brink of extinction?
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Post by jpg on Jan 20, 2016 8:58:16 GMT -5
How the hell is MannKind's IP alone barely worth $1? Scripts are improving though at a snails pace yet the PPS dwindles because the market is essentially saying MannKind's technology *if they go at it solo* is only $67.0-1.00? What kind of sh*t is that? I'm unfortunately Long in the 2's/3's so please don't attack. Serious question here especially for a company that could have changed the world with Technosphere advancements vs. on the brink of extinction? It's rarher simple. They didn't raise cash when they should (could?) have (and acted as if they didn't need cash or had readily available cash). They bluffed, staled and lost. A very basic and life threatening biotech error. Now they have no assets to pledge and no obvious way of raising cash on favorable terms. Someone will pick up the value but I doubt shareholders (and even Al Mann) will get anything. Deerfield yes. |
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Post by matt on Jan 20, 2016 10:15:38 GMT -5
It is normal that the full board, or at least the audit committee, meets with the outside auditor before earnings release to discuss any unusual issues that may exist and to potentially resolve them at that point. The audit is not complete at that point, there are disclosures to inspect, some balance sheet accounts may need adjusting, and other tweaks, but the numbers are solid enough to release earnings.
There is never a shareholder's meeting at that point as the 10-K cannot be issued until after the final audit report, filing of the DEF14A, and at least 21 days advance notice of the meeting. Most auditors don't finalize the audit report until the day the 10-K is due, which is why most shareholder meetings are held between the middle of April and end of May for calendar year companies.
By shareholder's meeting I mean the annual general meeting of shareholders that must be held as a matter of law. The company can always decide to have a conference call, web cast, or issue a written update at any time, but formal meetings carry SEC requirements so they are normally only held when absolutely necessary.
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Post by lakon on Jan 20, 2016 11:24:54 GMT -5
It is easy to say that MNKD should have raised money before, but hindsight is always 20/20. Many on this board were bullish so there is no crime in MNKD being bullish, too. They only had about a month or so with the stock soaring, hardly enough time to get another deal done. Then, the stock started its decline. If they did something at that time, people would have been complaining, too. MNKD had every reason to believe that they would be much better off, but they were wrong. Some on this board are having trouble coming to terms with being wrong, or are poor winners, either way, do what MNKD is doing, keep moving forward. The belief then was that Al had the money, and that is my belief now. It's pretty obvious that Al has the money, but is in no hurry. Why should he be? If that makes some underwater shareholders upset, so be it. Wall St. hates it too because it means THEY are NOT in control, and they hate uncertainty. Therefore, the fiction continues.
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Post by lakers on Jan 20, 2016 11:51:10 GMT -5
It is easy to say that MNKD should have raised money before, but hindsight is always 20/20. Many on this board were bullish so there is no crime in MNKD being bullish, too. They only had about a month or so with the stock soaring, hardly enough time to get another deal done. Then, the stock started its decline. If they did something at that time, people would have been complaining, too. MNKD had every reason to believe that they would be much better off, but they were wrong. Some on this board are having trouble coming to terms with being wrong, or are poor winners, either way, do what MNKD is doing, keep moving forward. The belief then was that Al had the money, and that is my belief now. It's pretty obvious that Al has the money, but is in no hurry. Why should he be? If that makes some underwater shareholders upset, so be it. Wall St. hates it too because it means THEY are NOT in control, and they hate uncertainty. Therefore, the fiction continues. Obviously you are in the know. I agree with what you said. There are more chapters to this novel. Let's see how events unfold in the next 3 mos. Good day and Good luck! |
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