From the Investorshub board

[indigodaisy]

I have been following this guy on investorshub... What are your thoughts on this...

J.T. The DD King Thursday, 04/10/14 10:04:00 PM
Re: binks post# 3352
Post # of 3368
Humor me for a minute & I'll show you all how I got my name.

I look at it this way. If the FDA denied Afrezza, Old Al using $1B of his own cash & being $2B in debt would be looking at Chapter 7.

Al has a huge portfolio of inventions. Including a device I recently read about that enables amputees to "Feel" prostestics.

Mix that with the fact in order to complete a 2.5 year FDA study extension, contractor's working on Afrezza probably knew they had Al over a barrel, therefore took advantage, so when royalties start rolling in, the Afrezza FDA approval would be bittersweet.

Then taking into consideration how much Afrezza is worth. I read a valuation of $11B through 2016 which makes MNKD looking awful sweet for a hostile takeover. Pfizer spent how many billions & how many years only to come up empty handed?

So here we have MNKD cash strapped with assets worth billions. Not even taking into consideration an insulin bank worth something like $500M that doesn't show on a Q or a K, all of which firmly paints a bullseye on old Al's back.

So how does an old Maverick like Al who's been quoted as saying "Afrezza is his legacy given to mankind" save this legacy either from Raiders or BK?

As far as I can tell there is only one way.

Contractor's have specific clauses in their agreements prohibiting the transfer of their IP, and a public company cannot transfer assets like this without a shareholder vote.

This only leaves a reverse triangular merger with a shell. Al can legally transfer assets & IP into a subsidiary & the sub does a RTM with a shell which protects all of Al's assets from a raider or creditors.

If I'm correct current MNKD shareholders would be protected. The shares of the shell would be increased, forward split & a pro-rata share distributed to MNKD shareholders by way of a dividend.

All the while MNKD shares drop to sub-penny levels having $2B in liabilities with $0.00 in assets. Pretty crazy huh?

I've been calling this for exactly one year and as far as I'm concerned this FDA merger filing just put the icing on my 1.5 year long, DD cake.


J.T. The DD King Friday, 04/11/14 03:05:13 PM
Re: KingDMC post# 3356
Post # of 3368
Well,..I think it may turn out to be a home run for many. Including current shareholders of MNKD, but a grand slam, with the bases loaded for current shareholders of the shell.

The facts are, and why I started posting after watching and waiting for 1-2 years is the FTC pre-acquisition notice filing.

That FTC filing may indicate MNKD's assets, possibly going from MNKD to an entinity owned by Al or MannKind. Why? Doesn't that strike a note of "Very Strange"? It fits my theory perfectly.

In addition, the "Early termination" means Al is in a hurry so they forgave the 2 week FTC waiting period. This should be happening very quickly. That is, if I am right.

[notamnkdmillionaire]

Interesting but right now just a theory until we hear something from the company.

[spiro]

Nonsense

[orlon]

A 'reverse triangular merger with a shell'? What the hell is this guy talking about?

[liane]

I thought he was making up terms, but there really is a such thing as a reverse triangular merger:

witnesseth.typepad.com/blog/reverse-triangular-merger.html

Now, what this means - I haven't the foggiest.

[Deleted]

The IP and assets are already pledged as collateral on the Deerfield loan, so there would be no point, as far as I can tell.

Occam's razor cuts on the side of Al filing before acquiring more shares as part of a financing deal similar (probably not identical) to Feb 2012.

[alcc]

The poster is positing a hostile bid for MNKD in the event of FDA rejection. Given that Al and other insiders hold close to 50% of the shares outstanding, why would any party think they could succeed and bother? Reverse triangular mergers are almost only ever used as a vehicle for private companies of very sketchy quality to go public. I don't see how or why Al would use such underhanded strategy. There would be lawsuits flying all over the place, tying Al's hands for years. The last thing he needs. So, agree with Spiro: nonsense.

[mrhaigs]

I think this guy is wearing the tinfoil hat. Can you even imagine?? I wonder if he believes our government knew that 9/11 was gonna go down too, and we let it happen.

All hail ghandalf. Take me to your leader. This guy needs help.

-MrHaigs

[indigodaisy]

I wasn't really making any sense of it either, it sounded like he was blowing smoke out of his ears. I have done my DD over the years and am confident that Mannkind will succeed, but am now finding myself a weary long, exhausted on this final stretch to approval.

After the Adcom, I was more confident than ever that there is a real hunger for an alternative treatment. The overwhelming vote of those few people to me represented the voice of the entire diabetic population. They want and need this. There is no doubt in my mind that a Afrezza will be successful, they just have to cross the finish line to do so.

[ezrasfund]

"I look at it this way. If the FDA denied Afrezza, Old Al using $1B of his own cash & being $2B in debt would be looking at Chapter 7."

This first sentence, on which all of the rest is built,. is B.S. Neither Al or MNKD is $2B in debt.

Maybe we do need OPC here to police the board