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Post by art606a on Dec 15, 2016 12:10:41 GMT -5
It might be worthwhile for those who keep pounding on this issue to go back to the November 10 earnings call transcript where Matt addressed the delisting issue specifically. Here is a quote by Matt about delisting from the transcript: "One of the most frequently asked questions has to do with delisting. I am not sure what exactly to say about that. I am not terribly concerned about delisting. I think, with the news today we’re a long way to solving that problem. It’s not going to be an issue until sometime in the second quarter of next year by which point we have -- we expect to have-- a lot of this [referring to the various marketing,label change, samples, dosing, provider education, sales rep and insurance reimbursement strategies underway] accomplished that will make this whole issue go away." If you review the transcript you can examine the details of these various initiatives, but Matt clearly thinks that progress is being made and will continue, especially in the new year, which increases the probability that delisting will become a non-issue. Enjoy the holidays! Chris C Not an issue until 2q17 he says. Wait. Isn't the general consensus on this board that mnkd does not qualify for the 180 day extension? Maybe Mr. Pfeffer isn't aware that MNKD doesn't qualify. |
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Post by Chris-C on Dec 15, 2016 12:19:11 GMT -5
Not an issue until 2q17 he says. Wait. Isn't the general consensus on this board that mnkd does not qualify for the 180 day extension? Maybe Mr. Pfeffer isn't aware that MNKD doesn't qualify. Or maybe the board is wrong? Imagine that possibility.  |
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Post by mnkdfann on Dec 15, 2016 12:21:06 GMT -5
Not an issue until 2q17 he says. Wait. Isn't the general consensus on this board that mnkd does not qualify for the 180 day extension? Everyone should do their own due diligence regardless of what the general consensus is. History shows that the general consensus on this board (at least when it comes to MNKD share price) isn't worth very much. But based on the verifiable evidence I've seen, MNKD will not qualify. Now who knows exactly what Matt meant. Maybe he was confused about the date. Which sounds odd, but remember they initially forgot to even announce the delisting letter to shareholders. And FWIW, I think some people are misstating the possible date of delisting when they say it is in February. According to this (see below), it is 180 days from September 14. Which basically makes it (almost but not quite) a second quarter issue, sometime in March. So, maybe Matt's internal calendar was just off a little. www.streetinsider.com/Corporate+News/MannKind+(MNKD)+Receives+Notice+of+Delisting/12061417.htmlOn September 14, 2016, MannKind Corporation (the “Company”) received a letter from The Nasdaq Stock Market (the “Nasdaq Letter”) indicating that for 30 consecutive business days the Company’s common stock had not maintained a minimum closing bid price of at least $1.00 per share (the “Minimum Bid Price Requirement”) as required by Nasdaq Listing Rules. Under Nasdaq Listing Rule 5810(c)(3)(A), if during the 180 calendar day period following the date of the Nasdaq Letter (the “Compliance Period”), the closing bid price of the Company’s common stock is at or above $1.00 for a minimum of 10 consecutive business days, the Company will regain compliance with the Minimum Bid Price Requirement and its common stock will continue to be eligible for listing on the Nasdaq Global Market absent noncompliance with any other requirement for continued listing. |
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Post by otherottawaguy on Dec 15, 2016 12:22:38 GMT -5
Locking this thread, title is not correct but there is some decent discussion, delisting will not happen until 2017.
OOG
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