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May 24, 2016 14:23:37 GMT -5
Post by Deleted on May 24, 2016 14:23:37 GMT -5
If the Al Mann foundation is slowly dripping their shares on the market that could be another reason for the stale price. However no short shares available at Fidelity still 60% borrow rates. I think there are preferred investors who get first dig at the short shares. I dont think I have ever been able to short MNKD. Not that I want to but I check to see if I can.
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PPS
May 24, 2016 15:14:36 GMT -5
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Post by obamayoumama on May 24, 2016 15:14:36 GMT -5
If the Al Mann foundation is slowly dripping their shares on the market that could be another reason for the stale price. However no short shares available at Fidelity still 60% borrow rates. I think there are preferred investors who get first dig at the short shares. I dont think I have ever been able to short MNKD. Not that I want to but I check to see if I can. The foundation being greater than a 10% share holder is required to file 144 documents on any buy or sells. |
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May 24, 2016 19:08:50 GMT -5
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Post by Deleted on May 24, 2016 19:08:50 GMT -5
If the Al Mann foundation is slowly dripping their shares on the market that could be another reason for the stale price. However no short shares available at Fidelity still 60% borrow rates. I think there are preferred investors who get first dig at the short shares. I dont think I have ever been able to short MNKD. Not that I want to but I check to see if I can. The foundation being greater than a 10% share holder is required to file 144 documents on any buy or sells. I have to admit I'm not well versed on these specifics. Does it have to be immediately released? |
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May 24, 2016 22:11:56 GMT -5
Post by peppy on May 24, 2016 22:11:56 GMT -5
Price pushing out of it's base. It occurs to me in this moment, if MNKD is going to succeed, price will make a higher low. ADA meeting two weeks away.
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PPS
May 24, 2016 23:09:10 GMT -5
Post by obamayoumama on May 24, 2016 23:09:10 GMT -5
If the Al Mann foundation is slowly dripping their shares on the market that could be another reason for the stale price. However no short shares available at Fidelity still 60% borrow rates. I think there are preferred investors who get first dig at the short shares. I dont think I have ever been able to short MNKD. Not that I want to but I check to see if I can. There have been no 144 sales by the foundation. If there had been a sale, it would have been reported. |
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May 25, 2016 1:11:42 GMT -5
Post by mnkdfann on May 25, 2016 1:11:42 GMT -5
If the Al Mann foundation is slowly dripping their shares on the market that could be another reason for the stale price. However no short shares available at Fidelity still 60% borrow rates. I think there are preferred investors who get first dig at the short shares. I dont think I have ever been able to short MNKD. Not that I want to but I check to see if I can. The foundation being greater than a 10% share holder is required to file 144 documents on any buy or sells. Are you sure it is a 10% share holder? I'm not sure where to find the official statement quickly, but the Al Mann foundation is not listed as a > 10% shareholder on Yahoo Finance or on the Mannkind site, so far as I can see. I suppose Mann's estate is probably still being settled, so maybe his shares have not been transferred over yet? Also, apparently his will stated that his shares would be split among several parties. The 10-Q below says his shares will be split among many parties, and does not say how much goes to each. Maybe his foundation never was / never will be a 10% owner? Filing Date: 11/9/2015 Form Type: 10-Q Page 43 At September 30, 2015, Alfred E. Mann, our Executive Chairman and principal stockholder, beneficially owned approximately 37.2% of our outstanding shares of capital stock. Upon his death, we have been advised by Mr. Mann that his shares of our capital stock will be left to the Alfred E. Mann Medical Research Organization (“AEMMRO”), and AEM Foundation for Biomedical Engineering (“AEMFBE”), not-for-profit medical research foundations that serve as funding organizations for Mr. Mann’s various charities, including the Alfred Mann Foundation (“AMF”), and the Alfred Mann Institutes at the University of Southern California, the Technion-Israel Institute of Technology, and Purdue University, and that may serve as funding organizations for any other charities that he may establish. The AEMMRO is a membership foundation consisting of nine members, including Mr. Mann, his wife, three of his children and Dr. Joseph Schulman, the chief scientist of the AEMFBE. The AEMFBE is a membership foundation consisting of five members, including Mr. Mann, his wife, and the same three of his children. Although we understand that the members of AEMMRO and AEMFBE have been advised of Mr. Mann’s objectives for these foundations, once Mr. Mann’s shares of our capital stock become the property of the foundations, we cannot assure you as to how those shares will be distributed or how they will be voted. Read more: mnkd.proboards.com/thread/5238/als-death-affect-mnkds-prospects#ixzz49e3rsyMK |
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May 25, 2016 8:44:00 GMT -5
Post by Deleted on May 25, 2016 8:44:00 GMT -5
Why would the 10-k state they planned on selling some or all of the stock if they didnt plan on it.
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Post by nylefty on May 25, 2016 9:37:20 GMT -5
Why would the 10-k state they planned on selling some or all of the stock if they didnt plan on it. Where does it say that they "planned on selling?" |
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Post by seanismorris on May 25, 2016 9:45:36 GMT -5
We had a MACD bullish crossover about 35 min. after the start of trading.
We'll seen if we can close above 1$...
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Post by humann on May 25, 2016 10:26:31 GMT -5
Back over a dollar. Does the de-list clock reset if we close over?
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May 25, 2016 11:04:15 GMT -5
Post by Deleted on May 25, 2016 11:04:15 GMT -5
Why would the 10-k state they planned on selling some or all of the stock if they didnt plan on it. Where does it say that they "planned on selling?" The quarterly report on page 45 As a result of the death of Alfred E. Mann, our founder and former largest stockholder, the stock that he previously controlled is currently controlled by various trusts, and we cannot assure you of the manner in which the trustees will manage the holdings.* At March 31, 2016, the estate of Alfred E. Mann beneficially owned approximately 35.7% of our outstanding shares of capital stock, including shares held in the Alfred E. Mann Living Trust, Mann Group LLC, Mannco LLC, Biomed Partners, LLC and Biomed Partners II, LLC (collectively, the “Mann Affiliated Entities”). Mr. Mann passed away on February 25, 2016. All of the shares beneficially owned by Mr. Mann in the Alfred E. Mann Living Trust, The Mann Group LLC and Mannco LLC are controlled by a trust during the period of administration of Mr. Mann’s estate. The trustees of the administrative trust are Mr. Mann’s wife and two other trustees. The trustees have the power to sell the shares or deal with them as an owner. Relatives and other individuals may receive bequests of shares under Mr. Mann’s trust. The residuary beneficiary of the trust is the Alfred E. Mann Family Foundation, a charitable organization under section 501(c)(3) of the Internal Revenue Code that is a private foundation under section 509 of the Code. The same three trustees control the Alfred E. Mann Family Foundation. The Alfred E. Mann Family Foundation will have the power to sell the shares or deal with them as an owner. If not sold by the trust, the shares owned by the trust may be distributed to one or more of the individual or charitable beneficiaries of the trust. The managing members of Biomed Partners, LLC and Biomed Partners II, LLC are now controlled by trusts for which the same individuals described above are the trustees. Biomed Partners, LLC and Biomed Partners II, LLC will have the power to sell the shares or deal with them as an owner. We have been informed by the trustees for the Mann Affiliated Entities that the trustees may seek to dispose of some or all of the shares beneficially owned by the Mann Affiliated Entities, pursuant to one or more trading plans under Rule 10b5-1 of the Exchange Act or otherwise. Although at this time we are not aware of any definitive decision by the trustees relating to the holding or disposition of the shares held by the Mann Affiliated Entities, any sales of our common stock by the Mann Affiliated Entities, or the perception that such sales may occur, including the entry into any such trading plans, could have a material adverse effect on the trading price of our common stock and could make it more difficult for us to raise capital through the sale of our common stock or securities convertible into or exercisable for our common stock, which could have a material adverse effect on our business and financial condition. |
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May 25, 2016 11:04:48 GMT -5
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Post by Deleted on May 25, 2016 11:04:48 GMT -5
Back over a dollar. Does the de-list clock reset if we close over? Yes must close above a buck but this is least of probelms. |
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Post by nylefty on May 25, 2016 11:33:55 GMT -5
Where does it say that they "planned on selling?" The quarterly report on page 45 We have been informed by the trustees for the Mann Affiliated Entities that the trustees may seek to dispose of some or all of the shares beneficially owned by the Mann Affiliated Entities, pursuant to one or more trading plans under Rule 10b5-1 of the Exchange Act or otherwise. Although at this time we are not aware of any definitive decision by the trustees relating to the holding or disposition of the shares held by the Mann Affiliated Entities, any sales of our common stock by the Mann Affiliated Entities, or the perception that such sales may occur, including the entry into any such trading plans, could have a material adverse effect on the trading price of our common stock and could make it more difficult for us to raise capital through the sale of our common stock or securities convertible into or exercisable for our common stock, which could have a material adverse effect on our business and financial condition. There's nothing there that says they "plan" on selling. All it says is that they "may." Depending on circumstances I leave open the possibility that I also "may" sell, but the chances of my doing that anytime soon are highly unlikely. |
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Post by Deleted on May 25, 2016 13:00:09 GMT -5
Yea, the sky may be blue too
Hi Matt
We plan on selling some or all of the shares but more than likely we will choose to do neither. Actually I dont know why I even bothered to call you to tell you this if its so unlikely.
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Post by peppy on May 25, 2016 14:36:48 GMT -5
Yea, the sky may be blue too Hi Matt We plan on selling some or all of the shares but more than likely we will choose to do neither. Actually I dont know why I even bothered to call you to tell you this if its so unlikely. reverselo, Just wondering if you are going to keep bitching as MNKD attempts to make a higher low, and the stop so close.? Pep
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