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Post by bradleysbest on Feb 24, 2016 12:59:30 GMT -5
So what company is behind the Diabetes Care Center that will open in NJ in the next couple of months? Forgive me if I missed it in here somewhere....
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Post by kbrion77 on Feb 25, 2016 18:51:38 GMT -5
Starting to get a bit impatient on no earnings date yet, they have never waited this long. Hopefully announcement tomorrow to report on the 4th.
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Post by benyiju on Feb 26, 2016 1:15:02 GMT -5
Starting to get a bit impatient on no earnings date yet, they have never waited this long. Hopefully announcement tomorrow to report on the 4th. Don't they have longer since their market cap dropped below large filer limit? I think they have until mid-March now... |
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Post by mnholdem on Feb 26, 2016 7:30:53 GMT -5
At the RBC interview, Matt said, "about a week." That was Feb 23rd.
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Post by sla55 on Feb 26, 2016 9:09:02 GMT -5
MannKind to Potentially File 2015 10-K Filing Extension VALENCIA, Calif., Feb. 26, 2016 (GLOBE NEWSWIRE) -- MannKind Corporation (Nasdaq:MNKD) (TASE:MNKD) today announced that it anticipates being unable to timely file its Annual Report on Form 10-K for the year ended December 31, 2015 by the filing deadline on February 29, 2016. In such event, the Company anticipates filing a Form 12b-25, Notification of Late Filing, with the Securities and Exchange Commission (SEC). The Company is experiencing delays in completing its analysis of accounting issues resulting from the previously announced termination of the Sanofi License Agreement, and expects that additional time will be needed to complete a detailed review of the impairment of assets as a consequence of the termination. - See more at: investors.mannkindcorp.com/releasedetail.cfm?ReleaseID=957461#sthash.TBMvkeu6.dpuf |
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Post by BlueCat on Feb 26, 2016 9:56:52 GMT -5
Not to mention the company, including its CEO/CFO, just suffered a major personal loss.
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Post by boytroy88 on Feb 26, 2016 9:57:51 GMT -5
I thought about this just a bit and what I don't understand is that they are saying the delay is due to the SNY termination but the accounting period that they are filing is before the notice so the termination should be immaterial to the period that they are filing for...am I wrong?
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Post by boytroy88 on Feb 26, 2016 9:58:32 GMT -5
Not to mention the company, including its CEO/CFO, just suffered a major personal loss. That I can understand. |
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Post by boytroy88 on Feb 26, 2016 10:00:22 GMT -5
I thought about this just a bit and what I don't understand is that they are saying the delay is due to the SNY termination but the accounting period that they are filing is before the notice so the termination should be immaterial to the period that they are filing for...am I wrong? Unless they are saying that the termination is causing a problem with their forecasting.... |
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Post by BlueCat on Feb 26, 2016 10:09:56 GMT -5
I thought about this just a bit and what I don't understand is that they are saying the delay is due to the SNY termination but the accounting period that they are filing is before the notice so the termination should be immaterial to the period that they are filing for...am I wrong? Unless they are saying that the termination is causing a problem with their forecasting.... I imagine it impacts a number of things. Forecasting. But also, each report had those terror disclaimers. Previously, I think there were notes about "if SNY should terminate". Now that all has to change. |
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Post by mnkdfann on Feb 26, 2016 10:25:09 GMT -5
At the RBC interview, Matt said, "about a week." That was Feb 23rd. The Sanofi termination must have slipped his mind. |
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Post by benyiju on Feb 26, 2016 16:29:51 GMT -5
At the RBC interview, Matt said, "about a week." That was Feb 23rd. As so often with Matt and MannKind more generally, what we're told in public statements is not the whole truth and in this case it again turned out to be wildly (and possibly dangerously) untrue. That call was just last week, how can he not have know that there was a problem with the report at that point? Was he hoping they would get it worked out in time and just took a gamble? If so, he may not have been lying, per se, but he was being irresponsible, no? |
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Post by agedhippie on Feb 26, 2016 20:36:15 GMT -5
I thought about this just a bit and what I don't understand is that they are saying the delay is due to the SNY termination but the accounting period that they are filing is before the notice so the termination should be immaterial to the period that they are filing for...am I wrong? They will have had a view on the value of assets that was contingent on the agreement continuing. Once the agreement fell apart the assets are impaired and they cannot necessarily assign the same value to them. The balance sheet is going to need some work to reconcile the old and new values. Iti is not impossible that they may need to restate some previous results but I think that is unlikely. The SEC does not accept the death of a company member as a reason to defer filings. Nobody is that vital to the production of the accounts. |
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