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Post by porkini on Mar 3, 2017 8:13:36 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. 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 don't get this, "then management is your enemy too." If management is your enemy, then it is time to sell your shares, lick your wounds, and move on. Management has made, and arguably made, some less than brilliant moves. Management is not my enemy. They are, and should be, working towards a successful future. I like success. I look forward to the future. |
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Post by boca1girl on Mar 4, 2017 8:08:01 GMT -5
I received a report from Fidelity that all of my loaned shares were returned on 3/2, before the split was effective. I wonder if the next report of shares short will be greatly reduced.
I had a large amount of shares, more than I should have, buying from $7+ (my first purchase) to the $1 range. I "hope" that we hit the double bottom Friday and we will hold the $0.40 range. But I believe the BOD should have gone for the 10:1 to protect us from going below the $1 mark again.
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Post by wiscdh on Mar 9, 2017 8:17:25 GMT -5
I received several trade confirmations in the last few days from Fidelity and when I checked to see what they were, to my surprise, my shares were loaned out against my instructions not to lend them out. When I talked to Fidelity, they stated that before the stock split, a box was checked on the account not to loan out MNKD stock. Once the split occurred, new stock was issued and the shares instantly became available to loan out because the 'checked' box did not carry forward to the new stock. I called today and they have returned the shares to my account.
Has anyone else experienced this?
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Post by Deleted on Mar 9, 2017 8:56:28 GMT -5
I received several trade confirmations in the last few days from Fidelity and when I checked to see what they were, to my surprise, my shares were loaned out against my instructions not to lend them out. When I talked to Fidelity, they stated that before the stock split, a box was checked on the account not to loan out MNKD stock. Once the split occurred, new stock was issued and the shares instantly became available to loan out because the 'checked' box did not carry forward to the new stock. I called today and they have returned the shares to my account. Has anyone else experienced this? I do not have such a position that I am eligible to loan out, but I would rather loan the shares out, collect the interest and buy some more shares or diverse with that $. Your position by not lending is not creating a situation like what M.S did with Kbios. In other words if you owned 100K shares post split, out of 100 million shares, that can be a spit in the ocean and the broker can easily find the 100k shares else where. |
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Post by kc on Mar 9, 2017 9:38:23 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 What broker? |
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Post by kc on Mar 9, 2017 9:44:13 GMT -5
It's the R/S. The CUSIP changes so everything gets recalled, replaced, and loaned out again. So, if recall/replace/reloan is what happens, is there a reauthorization by the lending shareholder or does it happen automagically? If not automagically, what a wonderful opportunity to say no to lending your shares to shorts! Just thinking... I don't believe the retail lenders affect the overall situation much. It's the big institutional firms that are lowering their shares out that Can move the needle. People always wondered if the Mann affiliated groups had loaned the shares. I believe you can see they did not as they controlled the vote for the reverse split. Shares that are in a learning program we're not eligible to be voted by the owner. The broker who let the shears could vote if they chose too. |
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Post by kc on Mar 9, 2017 9:46:19 GMT -5
Please! just say NO to lending out your shares. We need to stop this runaway shorting train mhop. Do you really believe that the retail lender shares have any impact. |
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Post by promann on Mar 9, 2017 10:08:29 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 What broker? Charles Schwab |
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Post by dreamboatcruise on Mar 9, 2017 12:47:59 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 What broker? I had all my shares returned at Schwab. I called to ask them about it. The group that a short would call to get hard to acquire shares said that no MNKD shares were available. The group that deals with me to borrow my shares said that they were returned simply because of the logistics of the RS. This was on Monday. They said they thought the new RS would be taken back into the program on Tue... it has not yet happened. It seems kinda fishy. I don't imagine they recalled all the shares from shorts, so they may have taken advantage of this opportunity to be collecting interest from shorts and yet not paying any to shareholders. This truly may be one of those situations of "phantom" shares having been created from thin air. OR... I have so few shares (relatively speaking) that they didn't bother getting my shares back in the system but they have done enough to cover what they have loaned to shorts. |
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Post by kc on Mar 9, 2017 12:52:44 GMT -5
perhaps because you had a lot of shares but now they are fewer in number.
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