|
|
Post by solange on Sept 22, 2016 7:11:08 GMT -5
Hope that Matt will react! Or does he plan a RS?
|
|
|
|
Post by jonny80s on Sept 22, 2016 7:16:49 GMT -5
Is there a penalty for not complying with the stipulated 4 day public announcement requirement? If so... management dropped the ball on this one.
|
|
|
|
Post by peppy on Sept 22, 2016 7:21:42 GMT -5
|
|
|
|
Post by cgiscgis on Sept 22, 2016 7:22:38 GMT -5
Matt ... time to go!
On September 21, 2016, the Company informed The Nasdaq Stock Market that it had failed to publicly announce the receipt of the Nasdaq Letter within four business days following receipt of the Nasdaq Letter. Due to such failure, the Company did not comply with Nasdaq Listing Rules 5250(b)(2) and 5810(b), which require listed companies that receive a notification of deficiency from Nasdaq to make a public announcement as promptly as possible (but not more than four business days following the receipt of such notification) disclosing receipt of the notification and the rule(s) upon which the deficiency is based, and describing each specific basis and concern identified by Nasdaq in reaching its determination.
|
|
|
|
Post by jonny80s on Sept 22, 2016 7:28:54 GMT -5
They have a full year before an actual delisting will occur.
|
|
|
|
Post by dictatorsaurus on Sept 22, 2016 7:30:25 GMT -5
Unbelievable!!!
Or should I say...very believable???
|
|
|
|
Post by mnkdnewb on Sept 22, 2016 7:33:03 GMT -5
I'm guessing we'll hit a new low today. Heavy reverse split before November then dilution.
That, or bk announced before November
|
|
|
|
Post by esstan2001 on Sept 22, 2016 7:35:40 GMT -5
Is there a penalty for not complying with the stipulated 4 day public announcement requirement? If so... management dropped the ball on this one. I assume this is a relatively minor thing- but how do you let a simple notification like this just slip through the crack, only to have to embarrass yourself later with a worse notification including admission? Rose? Matt? Come on. This can't endear you to the investment community. Go find that rabbit in that hat already. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Sept 22, 2016 7:35:51 GMT -5
Time after time management proves their in efficiency. Medicare coverage lapse and now this?
What the duck? Time to shake up
|
|
|
|
Post by op2778 on Sept 22, 2016 7:42:31 GMT -5
Well, we all know Matt is a terrible damage, but I'm wondering If MNKD has a legal department. I think so. If they have, i don't get how lawyers didn't say: hey, you must advise people to avoid sanction. this is an ugly movie. today we will visit new low, stay tuned..... OP Is there a penalty for not complying with the stipulated 4 day public announcement requirement? If so... management dropped the ball on this one. I assume this is a relatively minor thing- but how do you let a simple notification like this just slip through the crack, only to have to embarrass yourself later with a worse notification including admission? Rose? Matt? Come on. This can't endear you to the investment community. Go find that rabbit in that hat already. |
|
|
|
Post by slapshot on Sept 22, 2016 7:49:06 GMT -5
first, everyone knew a delisting notice was coming, so that's not an issue.
second, isn't this notice factually incorrect? was mannkind in communication with nasdaq regarding this?
i believe the stock closed at 1.00 on August 12, 15, & 16. how did 30 business days pass since August 16?
To mail a letter on 9/14, stating that the closing price was out of compliance for 30 business days would require closing at under 1.00 for each business day from 8/3 - 9/14. According to yahoo, the share price closed at 1.01 on 8/3 and 1.00 on 8/12, 15, & 16...
|
|
|
|
Post by therealisaching on Sept 22, 2016 7:59:58 GMT -5
The closing "bid" price has to be $1
|
|
|
|
Post by liane on Sept 22, 2016 8:00:22 GMT -5
Yes, this is non- news. And with that, I'm locking the thread.
|
|
