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Post by mnkdfann on Feb 13, 2017 10:27:11 GMT -5
Wasn't the special meeting originally scheduled for Feb 24? This filing now says it is on March 1. From the Preliminary Proxy Statement:You are cordially invited to a Special Meeting of Stockholders of MannKind Corporation, a Delaware corporation. The meeting will be held at 9:00 a.m. local time on February 24, 2017 at the office of MannKind at 25134 Rye Canyon Loop, Suite 300, Valencia, California 91355. From the Definitive Proxy Statement:Our board of directors is soliciting proxies for use at a special meeting of stockholders (the “Special Meeting”) to be held at 9:00 a.m. local time on March 1, 2017 at the office of MannKind at 25134 Rye Canyon Loop, Suite 300, Valencia, CA 91355, or at any postponement or adjournment of the Special Meeting. MannKind Corporation is sometimes referred to herein as “we”, “us”, “our”, “MannKind” or the “Company.” Thanks, mine was really more of a rhetorical question though. I was curious as to WHY it was changed, or whether the date change was previously announced.
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Post by kc on Feb 13, 2017 11:01:35 GMT -5
They probably changed the meeting to give as many of the shareholders the opportunity to respond and vote their shares. Most Proxies that companies send out sadly go un opened and not voted. since this is a very serious vote you also read that they hired a 3rd party company to assist in contacting shareholders to vote. They need to make sure all votes are accounted for and they need the time to make it happen. The 24th was a tough date to get it all accomplished by with being able to send the documents out and get responses. If would be better if all the shareholders just voted their shares online vs waiting for the proxies to arrive in the mail.
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Post by Deleted on Feb 13, 2017 11:23:34 GMT -5
Always been stumped by MNKD foundation not selling.
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Post by agedhippie on Feb 13, 2017 11:27:46 GMT -5
The foundation seems to have sold 42 million shares in the last year. In April 2016 they held 156 million, now they have 114 million. The Mann gGroups is more or less the same (they sold 100,000).
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Post by Deleted on Feb 13, 2017 11:29:32 GMT -5
I havent checked bloomberg in awhile but I never saw any sells
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Post by madog365 on Feb 13, 2017 11:29:38 GMT -5
The foundation seems to have sold 42 million shares in the last year. In April 2016 they held 156 million, now they have 114 million. The Mann gGroups is more or less the same (they sold 100,000). the document notes they control 203m shares... they bought more
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Post by kc on Feb 13, 2017 11:37:28 GMT -5
Always been stumped by MNKD foundation not selling. They understand the potential of Afrezza being a home run if they can wait it out. As I said earlier in this thread, the foundation probably has other holdings besides MannKind stock.
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Post by Deleted on Feb 13, 2017 11:42:36 GMT -5
They believe in something. Thats for sure
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Post by brotherm1 on Feb 13, 2017 12:20:03 GMT -5
The foundation seems to have sold 42 million shares in the last year. In April 2016 they held 156 million, now they have 114 million. The Mann gGroups is more or less the same (they sold 100,000). the document notes they control 203m shares... they bought more Do not all of there trades need to be filed with the SEC?
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Post by madog365 on Feb 13, 2017 12:32:27 GMT -5
the document notes they control 203m shares... they bought more Do not all of there trades need to be filed with the SEC? No doubt the shares are dispersed among dozens of legal entities that allow them to circumnavigate the disclosure rules...
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Post by Deleted on Feb 13, 2017 12:56:17 GMT -5
for folks who dont pay attention to disclaimers
The Mann Group LLC(1) 89,652,250 18.7 %
The Alfred E. Mann Living Trust(2) 114,102,161 23.7 %
(1) The Alfred E. Mann Living Trust (the “Trust”) is the sole member and manager of The Mann Group LLC (“The Mann Group”). (2) Includes (i) the shares described in footnote (1) above, (ii) 20,798,469 shares held of record by the Trust and (iii) 3,651,442 shares which the Trust has the right to acquire within 60 days of February 1, 2017 pursuant to the exercise of outstanding options previously held by Alfred E. Mann prior to his passing.
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Post by madog365 on Feb 13, 2017 13:07:08 GMT -5
for folks who dont pay attention to disclaimers The Mann Group LLC(1) 89,652,250 18.7 % The Alfred E. Mann Living Trust(2) 114,102,161 23.7 % (1) The Alfred E. Mann Living Trust (the “Trust”) is the sole member and manager of The Mann Group LLC (“The Mann Group”). (2) Includes (i) the shares described in footnote (1) above, (ii) 20,798,469 shares held of record by the Trust and (iii) 3,651,442 shares which the Trust has the right to acquire within 60 days of February 1, 2017 pursuant to the exercise of outstanding options previously held by Alfred E. Mann prior to his passing. Since you prefer to argue instead of looking at the numbers.. 3/21/2016 total shares reported: ~153M disclaimers total # of shares: ~25M total: ~178M total shares controlled from the numbers you listed in today's filing above: ~204M difference (aka how many shares the trust purchase since last disclosure) - ~26M
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Post by therealisaching on Feb 13, 2017 13:24:15 GMT -5
Agree with your math Madog. One would think a 13D amendment would have to be filed if this is true.
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Post by kc on Feb 13, 2017 13:35:26 GMT -5
Do not all of there trades need to be filed with the SEC? No doubt the shares are dispersed among dozens of legal entities that allow them to circumnavigate the disclosure rules...
Or by other family members who own them directly and their friends.
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Post by Deleted on Feb 13, 2017 13:35:36 GMT -5
for folks who dont pay attention to disclaimers The Mann Group LLC(1) 89,652,250 18.7 % The Alfred E. Mann Living Trust(2) 114,102,161 23.7 % (1) The Alfred E. Mann Living Trust (the “Trust”) is the sole member and manager of The Mann Group LLC (“The Mann Group”). (2) Includes (i) the shares described in footnote (1) above, (ii) 20,798,469 shares held of record by the Trust and (iii) 3,651,442 shares which the Trust has the right to acquire within 60 days of February 1, 2017 pursuant to the exercise of outstanding options previously held by Alfred E. Mann prior to his passing. Since you prefer to argue instead of looking at the numbers.. 3/21/2016 total shares reported: ~153M disclaimers total # of shares: ~25M total: ~178M total shares controlled from the numbers you listed in today's filing above: ~204M difference (aka how many shares the trust purchase since last disclosure) - ~26M based on the foot notes , I understand that 114,102,161 shares owned by living trust includes 89,652,250 shares of the Manngroup? 89,652,250 + 20,798,469 + 3,651,442 = 114,102,161 is my math wrong?
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