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Post by matt on Mar 2, 2017 10:55:06 GMT -5
FYI, the last figure I heard was there were about 750 naked shares that were shorted. I could be wrong, but I don't think the naked shares will have much of an impact one way or the other I agree with you, but assume for a moment that there is a huge naked short position. Would this event have an impact on those shorts? If the answer is yes then this is the acid test as to the naked short thesis. Naked shorts are created when a customer sells shares they don't own and haven't borrowed AND the broker does not chase the customer to close out the position when they have a fail to deliver. If the broker was not chasing the customer yesterday, they are not going to suddenly chase the customer tomorrow. The Depository Trust Corporation knows how many shares are owned in "street name" by each of the participating brokers and financial institutions, and each of those shares on the DTC ledger represents a legal, fully paid, authorized share of Mannkind. If the brokers do not enforce the fail to deliver rules, that is between them, their customers, and the SEC Enforcement Division. The brokers are ultimately liable to the other participants in the DTC to deliver any shares that cross between institutions so it is the broker's financial risk, but most will take that risk to keep a major client happy.
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Post by peppy on Mar 2, 2017 11:06:14 GMT -5
Anyone else have there shares returned. I would be interested to know if this is in anyway with the RS. News or not It's the R/S. The CUSIP changes so everything gets recalled, replaced, and loaned out again.I am surprised there isn't more of a price push. Settlement Date Short Interest. Avg Daily Share Volume Days To Cover 1/31/2017 100,011,829 3,438,893 29.082565 Read more: mnkd.proboards.com/thread/7245/latest-short-interest?page=2#ixzz4aBXQlSEb
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Post by mnkdnewb on Mar 2, 2017 11:06:30 GMT -5
but few folks add up all the naked shorts over the years and moan that billions of naked short shares are flooded in the market Is that not the case? You must be stating #alternativefacts. Another rationalist! The most recent number is actually at 48,537 shares as of as of the last report (Feb 14), but that's 5 minutes of trading volume. www.sec.gov/foia/docs/failsdata.htmThank you Derek. I was starting to doubt myself so I looked for where I found the 750 figure. On feb 13 you updated us with "as of Jan 12 grand total of naked short shares in the whole wide world was... 701 shares" Looks like it is up now but still not very many at all.
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Post by wmdhunt on Mar 2, 2017 11:08:52 GMT -5
Please! just say NO to lending out your shares. We need to stop this runaway shorting train mhop.
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Post by agedhippie on Mar 2, 2017 11:52:22 GMT -5
Please! just say NO to lending out your shares. We need to stop this runaway shorting train mhop. Your problem is that the institutions all lend and that's where the volume is. I would be curious to see if the AMF loans its stock as well.
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Post by peppy on Mar 2, 2017 12:12:57 GMT -5
so this is done with out needing to cover the shares first? just an automatic computer operation? or are the girls in the office taking the pencil to this?
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Post by n8 on Mar 2, 2017 12:28:41 GMT -5
It could be men with pencils too. HA jk
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Post by dreamboatcruise on Mar 2, 2017 15:26:25 GMT -5
It's the R/S. The CUSIP changes so everything gets recalled, replaced, and loaned out again. They did not give a explanation only that they were returned.. How does this effect the shorts if all the shares are returned? Many companies that need to do RS are ones that are also heavily shorted. So based on historical experience with companies doing RS... it would seem to have no negative effect on ability of shorters to continue their attack. In fact it seems the opposite... RS often provides shorts additional ability to pound down.
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Post by LosingMyBullishness on Mar 3, 2017 3:17:54 GMT -5
I agree with you, but assume for a moment that there is a huge naked short position. Would this event have an impact on those shorts? If the answer is yes then this is the acid test as to the naked short thesis. I think it would then. But they would have seen this coming and covered them over the last couple weeks don't you think? I am very curious to see how things go today / tomorrow Short rate has decreased to 28%, which is very low for our precious stock. Shorts are aware of the R/S and act accordingly.
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Post by LosingMyBullishness on Mar 3, 2017 3:23:52 GMT -5
Please! just say NO to lending out your shares. We need to stop this runaway shorting train mhop. I do not know your financial situation but I had bleeded badly with MNKD. I chose not to lend out when the rates were huge and management begged not to lend out. I missed several thousand dollars by doing so. Management on the other hand did not perform and the price dropped. So I decided to get at least some kind of loser's dividend for having dead money right now.
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Post by mango on Mar 3, 2017 3:57:06 GMT -5
I own all my shares in a cash account. I even called to make sure they were not lending them out. I view shorts as an enemy.
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Post by Deleted on Mar 3, 2017 5:30:24 GMT -5
I own all my shares in a cash account. I even called to make sure they were not lending them out. I view shorts as an enemy. then management is your enemy too in a larger scale for having failed @ so many steps all along. IF there were sales or if the management raised $$$ on fda approval or made hay while the sun shined..do u think shorts would dare short the company? Even if you provide the shorts with the $ , they wouldnt have dared to short.
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Post by mango on Mar 3, 2017 6:26:18 GMT -5
I own all my shares in a cash account. I even called to make sure they were not lending them out. I view shorts as an enemy. then management is your enemy too in a larger scale for having failed @ so many steps all along. IF there were sales or if the management raised $$$ on fda approval or made hay while the sun shined..do u think shorts would dare short the company? Even if you provide the shorts with the $ , they wouldnt have dared to short. I believe Sanofi sabotaged MannKind, it is obvious, no question about it. Management has since done the best they can, and I do not view their mistakes as "failures", but rather, an experience to grow and learn from. They have actually impressed me with their miraculous comeback and transformation.
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Post by Deleted on Mar 3, 2017 6:45:58 GMT -5
then management is your enemy too in a larger scale for having failed @ so many steps all along. IF there were sales or if the management raised $$$ on fda approval or made hay while the sun shined..do u think shorts would dare short the company? Even if you provide the shorts with the $ , they wouldnt have dared to short. I believe Sanofi sabotaged MannKind, it is obvious, no question about it. Management has since done the best they can, and I do not view their mistakes as "failures", but rather, an experience to grow and learn from. They have actually impressed me with their miraculous comeback and transformation. No Sanofi didnt sabotage Mannkind. They just walked away cos it didnt fit in their corporate world. Mannkind should have written the contract in a better way putting time limits and constraints on trials required and international filings. They signed the contract and sat on their hand all of 2014 and 2015. Was there anything they could have done during that time? I bet a wise team could have accomplished quite a bit. you see. Try to correct in house rather than blaming neighbors. may be in that process, we can become smarter and do better things.
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Post by kbrion77 on Mar 3, 2017 7:13:02 GMT -5
I own all my shares in a cash account. I even called to make sure they were not lending them out. I view shorts as an enemy. Fair. I hardly ever agree with you but at least you are consistent. The certain someone who created the thread has constantly attacked posters who are trying to put things into a realistic perspective but yet loaning shares out? Totally respect someone if they are loaning their shares but treating the position as an investment rather than MNKD will be a 20 bagged just hold your shares everyone.
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