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Post by Deleted on Jan 14, 2017 17:34:48 GMT -5
The sale MNKD's corporate headquarters in Valencia sure has the ring of consolidation. Will MNKD management move to Danbury? I doubt it.....so where will they report? I guess we'll see this qtr. They have basically consolidated to the point of being a start up. Probably be reporting out of a 1,000 sq ft office somewhere. There is no buyout conspiracy please move on. the group strikes back
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Post by nylefty on Jan 14, 2017 18:13:11 GMT -5
They have basically consolidated to the point of being a start up. Probably be reporting out of a 1,000 sq ft office somewhere. There is no buyout conspiracy please move on. the group strikes back MannKind didn't sell its "corporate headquarters." It sold an empty building it was no longer using.
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Post by sportsrancho on Jan 14, 2017 18:41:30 GMT -5
the group strikes back MannKind didn't sell its "corporate headquarters." It sold an empty building it was no longer using. People get so confused don't they. I'm glad they sold, patten has convinced me that it was costing to much to maintain.
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Post by Deleted on Jan 14, 2017 18:48:03 GMT -5
MannKind didn't sell its "corporate headquarters." It sold an empty building it was no longer using. People get so confused don't they. I'm glad they sold, patten has convinced me that it was costing to much to maintain. Not more than what Hakan is costing us. Had to plug that in 😜I know I know it's senior management severance
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Post by mango on Jan 14, 2017 19:05:09 GMT -5
The sale MNKD's corporate headquarters in Valencia sure has the ring of consolidation. Will MNKD management move to Danbury? I doubt it.....so where will they report? I guess we'll see this qtr. They have basically consolidated to the point of being a start up. Probably be reporting out of a 1,000 sq ft office somewhere. There is no buyout conspiracy please move on. Seriously? Please move on.
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Post by kc on Jan 14, 2017 19:32:16 GMT -5
Sports is correct. The cost to carry was too much.
The up keep of 12 acres, utilities , maintainence , property taxes. I Am sure the cash burn was big. Perhaps even one million a year. Good Move management.
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Post by patten1962 on Jan 14, 2017 20:02:13 GMT -5
Sports is correct. The cost to carry was too much. The up keep of 12 acres, utilities , maintainence , property taxes. I Am sure the cash burn was big. Perhaps even one million a year. Good Move management. I want to know how much. Can't believe no one on pro boards know?
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Post by kc on Jan 14, 2017 20:15:09 GMT -5
You probably can go on to the county treasurers office site and see what the property tax was on the facility. It's public record so it's probably posted .
agreed to sell, and Rexford agreed to purchase, certain parcels of real estate owned by the Company in Valencia, California, which include 11.41 acres of land and an approximately 146,000 square foot building, and all of the improvements, personal property, equipment, supplies and fixtures owned by the Company and used in the operation of, and located at, such property, except certain excluded items (collectively, the "Property")
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Post by straightly on Jan 15, 2017 23:17:19 GMT -5
Sports is correct. The cost to carry was too much. The up keep of 12 acres, utilities , maintainence , property taxes. I Am sure the cash burn was big. Perhaps even one million a year. Good Move management. I want to know how much. Can't believe no one on pro boards know? Preffer stated in his presentation that it was $17.3M.
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Post by wmdhunt on Jan 16, 2017 12:44:32 GMT -5
If you can work from home, you can work from Rome, or anywhere.
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Post by patten1962 on Jan 16, 2017 14:36:00 GMT -5
I want to know how much. Can't believe no one on pro boards know? Preffer stated in his presentation that it was $17.3M. I know how much the proceeds were for the sale of the property. What I am asking is what did it cost mankind per month to maintain the Valencia California Factory?
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Post by falconquest on Jan 16, 2017 18:08:51 GMT -5
Preffer stated in his presentation that it was $17.3M. I know how much the proceeds were for the sale of the property. What I am asking is what did it cost mankind per month to maintain the Valencia California Factory? Not sure anyone can know that although I bet you could email Rose and find out. We know that they picked up $17.3M less sale costs but also lost "x" amount of monthly burn (cost of upkeep and taxes).
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Post by boomboom on Jan 16, 2017 18:39:55 GMT -5
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Post by boomboom on Jan 16, 2017 18:49:18 GMT -5
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Post by patten1962 on Jan 17, 2017 10:26:31 GMT -5
I know how much the proceeds were for the sale of the property. What I am asking is what did it cost mankind per month to maintain the Valencia California Factory? Not sure anyone can know that although I bet you could email Rose and find out. We know that they picked up $17.3M less sale costs but also lost "x" amount of monthly burn (cost of upkeep and taxes). I did ask Mannkind on twitter. No reply. But the Tax post was helpful.
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