Correct me if I am wrong because I am delusional, however, this is how I am seeing it.
Also, before I begin. Take particular note at how The Alfred E. Mann Living Trust and The Mann Group, LLC are reversed on the DEF 14A. Might just be corporate stuff, anyways—
Everyone talking about The Mann Group selling are not understanding what is happening or maybe I am not understanding it. I dunno... As I have displayed further below, The Alfred E. Mann Living Trust owns and controls The Mann Group, LLC and everything under it, and also is the sole member and manager. Now, what is the The Alfred E. Mann Living Trust? It is Alfred Mann's commitment to see MannKind has financing. The Trust, like any trust, does not go into effect immediately when someone dies. What you are about to see is actually an INCREASE in shares, and not a decrease. And I will provide the proof that Al would arrange this, directly out of Al Mann's mouth at the end. But hey, why say such a thing mango, that is not living in reality?! Oh, but yes it is my reality, sorry. Follow along.
•PRE 14A February 1, 2017
The Alfred E. Mann Living Trust(1)
—Number of Shares: [●]
—Percent of Total: [●]
The Mann Group LLC(2)
—Number of Shares: [●]
—Percent of Total: [●]
(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) [●] shares held of record by the Trust, (iii) [●] shares held by Biomed Partners, LLC and Biomed Partners II, LLC, of which entities the Trust is a 0.1% managing member, (iv) 10,968 shares held by Mannco LLC, and (v) [●] 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.
investors.mannkindcorp.com/secfiling.cfm?filingID=1193125-17-27562&CIK=899460• DEF 14A February 13, 2017
The Mann Group LLC(1)—Number of Shares: 89,652,250
—Percent of Total: 18.7%
The Alfred E. Mann Living Trust
(2)—Number of Shares: 114,102,161
—Percent of Total: 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.investors.mannkindcorp.com/secfiling.cfm?filingID=1193125-17-39440&CIK=899460• Biomed Partners, LLC 5%+ Owner
Non-Derivative Securities Beneficially Owned
—Common Stock, $.01 par value
—2,420,496
—Direct
www.sec.gov/Archives/edgar/data/899460/000120919104037580/xslF345X02/doc3.xml• Biomed Partners II, LLC 5%+ Owner
Non-Derivative Securities Beneficially Owned
—Common Stock, $.01 par value
—2,406,027
—Direct
www.sec.gov/Archives/edgar/data/899460/000120919104037538/xslF345X02/doc3.xml• The Mann Group LLC(1)
—Number of Shares: 89,652,250
—Percent of Total: 18.7%
• The Alfred E. Mann Living Trust(2)
—Number of Shares: 114,102,161
—Percent of Total: 23.7%
Since The Alfred E. Mann Living Trust additionally owns everything under The Mann Group LLC then I will treat them as one.
114,102,161 + 89,652,250 = 203,754,411
Then we add 3,651,442 which the Trust, I am assuming, will acquire:
203,754,411 + 3,651,442 = 207,405,853
23.7% + 18.7% = 42.4%
• Now, what happened to Biomed Partners, LLC, Biomed Partners II, LLC, and Mannco LLC? Well, the Trust as we can clearly see, is the sole owner and member of The Mann Group LLC. The Trust is also 0.1% managing member of the Biomed Partners, LLC and Biomed Partners II LLC. Which means, those shares are already factored in on the DEF 14A.
• Well, everything equates to this is how I see it:
The Alfred E. Mann Living Trust
—Total Shares (Real): 203,754,411
—Total Shares (w/Mannco): 207,405,853
—Percent of Total: 42.4%And, as promised:
— First of all, you have to understand that I am about 89 years old, so
I’m not worried about supporting my family or myself for the rest of my life. My family has already been cared for financially. My personal commitment for decades has been in trying to solve unmet or poorly met medical needs —Well, that may have been so, but I’ve been fortunate in being quite successful with my many businesses, so coming up with additional money to fund such an important need really wasn’t so difficult for me.
I just want to help solve the huge global diabetes pandemic—Clearly the question was whether to spend it for general charity or to spend it trying to solve the diabetes pandemic.
Deciding to fund Afrezza really didn’t make much difference for me personally but it should make an enormous difference to the world.—In my view it will affect so many more people. If we can combine Afrezza with better basal insulins the combination will make an enormous difference that will certainly affect far more people than we could ever imagine. Indeed, some key opinion leaders are saying that Afrezza therapy in early stage type 2 diabetes should slow, probably stop and maybe even reverse type 2 diabetes.
Today diabetes is the greatest need in medicine globally• Mango believes in what this man said and mango thinks Mr. Alfred Mann was chosen to do government and military work soon after college because he was a genius and a visionary. He also devoted his life to helping others. You better believe he had a long-term plan because this is straight from him:
—"Today diabetes is the greatest need in medicine globally." -Alfred E. Mann
www.diabetesincontrol.com/an-exclusive-interview-with-al-mann-founder-and-ceo-mannkind-corp/My reality is pretty good, how is ya'lls?