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Post by rravis1914 on May 11, 2016 18:17:25 GMT -5
Help me, I am a newbie. I don't know how to start new thread. Therefore I will pose my question here.
Today, my daughter received a call from MANNKIND investor relations and asked for me or my wife. We are both stockholders.
She would not give them my number because she thought it was a scam.
I have never called IR and don't know what they wanted. Has anybody else received such a call out of the blue??
I wonder what they wanted. Any thoughts
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Post by peppy on May 11, 2016 18:24:37 GMT -5
Help me, I am a newbie. I don't know how to start new thread. Therefore I will pose my question here. Today, my daughter received a call from MANNKIND investor relations and asked for me or my wife. We are both stockholders. She would not give them my number because she thought it was a scam. I have never called IR and don't know what they wanted. Has anybody else received such a call out of the blue?? I wonder what they wanted. Any thoughts I have not received a call. It may have been a scam. I believe your assessment could be correct. You could call investor relations and ask.
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Post by rch51 on May 11, 2016 19:36:23 GMT -5
I received a "courtesy call" also. They wanted to know if I had received my Proxys and as a reminder would I please send them in. I own a lot of shares so I thought the call made sense.
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Post by greg on May 11, 2016 20:08:21 GMT -5
Help me, I am a newbie. I don't know how to start new thread. Therefore I will pose my question here. Today, my daughter received a call from MANNKIND investor relations and asked for me or my wife. We are both stockholders. She would not give them my number because she thought it was a scam. I have never called IR and don't know what they wanted. Has anybody else received such a call out of the blue?? I wonder what they wanted. Any thoughts The call probably wasn't from "investor relations." Corporations retain proxy solicitation firms to call and remind shareholders to vote and that's who probably called you. I was getting calls repeatedly from the same number, all of which I didn't answer. Given their persistence, I finally got ticked off, called that number, and was about to yell at the person who answered the phone but, fortunately, before I got a chance to let loose, heard the word MannKind. He just wanted to make sure I voted, or give my proxy to management to vote as they pleased. |
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Post by 4allthemarbles on May 11, 2016 21:47:16 GMT -5
I have received several of these calls regarding different stocks/ companies over the years. I guess you can call it a courtesy call- they basically just want to make sure you vote your shares. The first time I got one of those calls I thought I was moving up in the world. I was then informed I was not moving up in the world and tthat the garbage needed to be taken out.
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Post by bradleysbest on May 11, 2016 23:06:39 GMT -5
If the wife saw the account balance I would not be living in a house....at least my house!
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Post by matt on May 12, 2016 7:04:46 GMT -5
The reason you get those calls is because of how the law on increasing authorized shares is written (both Delaware and most other states). In order for most corporate actions to be approved by stockholders you need a simple majority of the votes cast, but to increase shares you need am absolute majority of all shares outstanding whether voted or not. In most cases if a shareholder doesn't bother to vote it doesn't matter because that is simply a vote that is never counted, but with share increases a non-vote is mathematically equivalent to a "No" vote due to the absolute majority requirement.
If you are the beneficial owner of a stock held at your brokerage in "street name", then your broker is supposed to forward you the proxy and the voting materials (brokers are prohibited from voting street name shares on your behalf), but some shareholders toss the materials as junk mail or don't bother to cast a vote, especially if they have quit following the stock. The phone calls are to make sure that you got your materials and that you have cast your vote. Since Al Mann related entities control a big chunk of the stock, I expect MNKD will have little trouble getting an absolute majority for the share increase but a lot of other companies have had to adjourn the shareholders meeting while they tried to round up more "Yes" votes. I have seen several cases where the votes cast were 70% in favor of an increase in authorized shares, but there were so many non-votes the company couldn't get to the required majority they needed. As the voting rules are a matter of state law there is no work around. |
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Post by Deleted on May 12, 2016 8:32:35 GMT -5
My wife and I got the call about do you want Fidelity to take over your money (nice way of putting it) after your MNKD investment......swear not kidding
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Post by kball on Jun 18, 2016 11:23:37 GMT -5
If the wife saw the account balance I would not be living in a house....at least my house! Dawns on me we could have a very nice matchmaking service here strictly for "Loved ones and soon to be ex spouses of Mannkind shareholders" Bereavement group kinda thing |
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