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Post by mnholdem on Apr 18, 2016 8:10:16 GMT -5
I just sent off an email to MannKind management to see if that is the case. MannKind IR just replied to my email:
Ref: Page 8 of Form S-3 Registration Statement Filed Apr 18, 2016
DESCRIPTION OF CAPITAL STOCK
General
Our authorized capital stock consists of 550,000,000 shares of common stock, $0.01 par value, and 10,000,000 shares of preferred stock, $0.01 par value. As of March 31, 2016, we had a total of 429,138,685 shares of common stock that were authorized but unissued, and we have currently reserved a significant number of these shares for future issuance pursuant to outstanding equity awards, our equity plans and convertible notes
Did you mean to state that 429M+ shares HAVE been issued to date (outstanding)?
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Reply:
Hello ____,
You are correct. I am checking with Counsel and will get back to you as to how it is corrected. Thank you.
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Post by kbrion77 on Apr 18, 2016 8:13:29 GMT -5
I just sent off an email to MannKind management to see if that is the case. MannKind IR just replied to my email:
Ref: Page 8 of Form S-3 Registration Statement Filed Apr 18, 2016
DESCRIPTION OF CAPITAL STOCK
General
Our authorized capital stock consists of 550,000,000 shares of common stock, $0.01 par value, and 10,000,000 shares of preferred stock, $0.01 par value. As of March 31, 2016, we had a total of 429,138,685 shares of common stock that were authorized but unissued, and we have currently reserved a significant number of these shares for future issuance pursuant to outstanding equity awards, our equity plans and convertible notes
Did you mean to state that 429M+ shares HAVE been issued to date (outstanding)?
--
Reply:
Hello ____,
You are correct. I am checking with Counsel and will get back to you as to how it is corrected. Thank you.
Is this real life??? |
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Post by peppy on Apr 18, 2016 8:15:12 GMT -5
weehaw
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Post by mnkdnewbie on Apr 18, 2016 8:16:14 GMT -5
I just sent off an email to MannKind management to see if that is the case. MannKind IR just replied to my email:
Ref: Page 8 of Form S-3 Registration Statement Filed Apr 18, 2016
DESCRIPTION OF CAPITAL STOCK
General
Our authorized capital stock consists of 550,000,000 shares of common stock, $0.01 par value, and 10,000,000 shares of preferred stock, $0.01 par value. As of March 31, 2016, we had a total of 429,138,685 shares of common stock that were authorized but unissued, and we have currently reserved a significant number of these shares for future issuance pursuant to outstanding equity awards, our equity plans and convertible notes
Did you mean to state that 429M+ shares HAVE been issued to date (outstanding)?
--
Reply:
Hello ____,
You are correct. I am checking with Counsel and will get back to you as to how it is corrected. Thank you.
Mnholdem, so is this registering the leftover 120 million plus the 10 million preferred at an estimated value of 500,000,000? I'm confused this doesn't have anything to do with increasing to 700 mil shares right? Thanks for checking with the company on a the typo. |
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Post by kball on Apr 18, 2016 8:21:04 GMT -5
I just sent off an email to MannKind management to see if that is the case. MannKind IR just replied to my email:
Ref: Page 8 of Form S-3 Registration Statement Filed Apr 18, 2016
DESCRIPTION OF CAPITAL STOCK
General
Our authorized capital stock consists of 550,000,000 shares of common stock, $0.01 par value, and 10,000,000 shares of preferred stock, $0.01 par value. As of March 31, 2016, we had a total of 429,138,685 shares of common stock that were authorized but unissued, and we have currently reserved a significant number of these shares for future issuance pursuant to outstanding equity awards, our equity plans and convertible notes
Did you mean to state that 429M+ shares HAVE been issued to date (outstanding)?
--
Reply:
Hello ____,
You are correct. I am checking with Counsel and will get back to you as to how it is corrected. Thank you.
Dear Mannkind, I know you had made clear that the best thing for shareholders to do is to let the company go about their business, but it seems you have made a pretty careless mistake for all of wall street to see which we would like to point out if you don't mind. |
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Post by coo2002coo on Apr 18, 2016 8:29:29 GMT -5
I am not seeing the dilution.  ? DESCRIPTION OF CAPITAL STOCK
General
Our authorized capital stock consists of 550,000,000 shares of common stock, $0.01 par value, and 10,000,000 shares of preferred stock, $0.01 par value. As of March 31, 2016, we had a total of 429,138,685 shares of common stock that were authorized but unissued, and we have currently reserved a significant number of these shares for future issuance pursuant to outstanding equity awards, our equity plans and convertible notes.
The following summary description of our capital stock is based on the provisions of our certificate of incorporation and bylaws and the applicable provisions of the Delaware General Corporation Law, or DGCL. This information is qualified entirely by reference to the applicable provisions of our certificate of incorporation, bylaws and the Delaware General Corporation Law. For information on how to obtain copies of our certificate of incorporation and bylaws, which are exhibits to the registration statement of which this prospectus is a part, see “Where You Can Find More Information” and “Incorporation by Reference.”
I am seeing takeover protection. ??
According to MNKD's current 10Q, 550,000,000 shares were authorized at December 31, 2015 and 2014, respectively; 428,670,943 and 406,059,089 shares issued and outstanding at December 31, 2015 and 2014, respectively. |
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Post by end2war on Apr 18, 2016 8:40:55 GMT -5
Looks like MNKD is laying the groundwork that it will have the option to raise money by selling shares. And, this could mean dilution will follow, but key facts are not yet known, and the PPS is not acting like low price dilution is coming. It looks like something positive may be brewing, but management is going to have to explain it before the market will know exactly what is going on. Personally, I am going to hold and see what MNKD cooks up. the shorts are in a very interesting position. Heavily committed to a dilution, and paying high interest rates. I have a feeling that the pressure on the shorts is going to be increased after tomorrows CC and things will get really interesting.
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Post by peppy on Apr 18, 2016 9:00:52 GMT -5
Is there any credible theory this action would call short shares back in? price holding.
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Post by Deleted on Apr 18, 2016 9:01:20 GMT -5
I just sent off an email to MannKind management to see if that is the case. MannKind IR just replied to my email:
Ref: Page 8 of Form S-3 Registration Statement Filed Apr 18, 2016
DESCRIPTION OF CAPITAL STOCK
General
Our authorized capital stock consists of 550,000,000 shares of common stock, $0.01 par value, and 10,000,000 shares of preferred stock, $0.01 par value. As of March 31, 2016, we had a total of 429,138,685 shares of common stock that were authorized but unissued, and we have currently reserved a significant number of these shares for future issuance pursuant to outstanding equity awards, our equity plans and convertible notes
Did you mean to state that 429M+ shares HAVE been issued to date (outstanding)?
--
Reply:
Hello ____,
You are correct. I am checking with Counsel and will get back to you as to how it is corrected. Thank you.
Nice catch |
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Post by Deleted on Apr 18, 2016 9:01:52 GMT -5
Is there any credible theory this action would call short shares back in? price holding. Meaning would this cause them to cover? |
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Post by peppy on Apr 18, 2016 9:03:35 GMT -5
Is there any credible theory this action would call short shares back in? price holding. Meaning would this cause them to cover? yeah, I can't believe it either. price holding. Buyers. |
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Post by lakon on Apr 18, 2016 10:25:22 GMT -5
MannKind IR just replied to my email:
Ref: Page 8 of Form S-3 Registration Statement Filed Apr 18, 2016
DESCRIPTION OF CAPITAL STOCK
General
Our authorized capital stock consists of 550,000,000 shares of common stock, $0.01 par value, and 10,000,000 shares of preferred stock, $0.01 par value. As of March 31, 2016, we had a total of 429,138,685 shares of common stock that were authorized but unissued, and we have currently reserved a significant number of these shares for future issuance pursuant to outstanding equity awards, our equity plans and convertible notes
Did you mean to state that 429M+ shares HAVE been issued to date (outstanding)?
--
Reply:
Hello ____,
You are correct. I am checking with Counsel and will get back to you as to how it is corrected. Thank you.
Is this real lifeYes, and it appears to be real time, too. That's what you get with ultra rapid acting business... Seriously folks, good catch, and I would not doubt that this sort of thing happens all the time, what with all the regulations and forms these days. I'd love to know the statistics about typos from the SEC. I bet it keeps them busy. Maybe that's why they don't have time for enforcement actions on rule breakers.  |
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Post by lakon on Apr 18, 2016 10:30:49 GMT -5
MannKind IR just replied to my email:
Ref: Page 8 of Form S-3 Registration Statement Filed Apr 18, 2016
DESCRIPTION OF CAPITAL STOCK
General
Our authorized capital stock consists of 550,000,000 shares of common stock, $0.01 par value, and 10,000,000 shares of preferred stock, $0.01 par value. As of March 31, 2016, we had a total of 429,138,685 shares of common stock that were authorized but unissued, and we have currently reserved a significant number of these shares for future issuance pursuant to outstanding equity awards, our equity plans and convertible notes
Did you mean to state that 429M+ shares HAVE been issued to date (outstanding)?
--
Reply:
Hello ____,
You are correct. I am checking with Counsel and will get back to you as to how it is corrected. Thank you.
Dear Mannkind, I know you had made clear that the best thing for shareholders to do is to let the company go about their business, but it seems you have made a pretty careless mistake for all of wall street to see which we would like to point out if you don't mind. In fairness, they did say to continue to support. IMO, mnholdem just qualified as support staff. Way to go!  |
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Post by lakon on Apr 18, 2016 10:55:35 GMT -5
If you loaned your shares to short interests, you need to recall your shares to vote them. Others have disputed this fact, but they are wrong unless the sold short position was bought by the original holder loaning the shares. While we may be dealing with fractional investment banking, we are not dealing with fractional voting. The last purchaser is the holder of record with the votes. If everyone were to recall their shares for the vote, things could get rather interesting due to market mechanics. If MNKD has some unexpected good news soon, I would not want to be short. My guess is that MNKD is preparing to sell into strength. To all those who were complaining about why they did not offer after FDA approval, well, this time MNKD is preparing ahead of time to have shares at the ready whenever the time IS RIGHT...VERY BULLISH... Also, it is worth noting that the short interests are not loved by the company, its shareholders, and founders, and it is perfectly legal to maneuver to defend themselves. www.investopedia.com/ask/answers/05/shortsalevotingrights.aspwww.wsj.com/articles/SB116978080268188623 |
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Post by morfu on Apr 18, 2016 11:54:21 GMT -5
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