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Post by goyocafe on May 15, 2017 18:04:55 GMT -5
I can shed some light on this. I left a message when I read the original post and received a call from Brian today. Now, I will be paraphrasing here so please don't scrutinize every word. Brian said his team has met with Matt (he offered to send me photos with my email address). They believe that Mannkind has huge upside potential and is currently way undervalued at this share price. They say they want to amass a group of investors with voting shares that number 20-25 million so they have enough influence with company management. to convince them to make a non-dilutive rights offering to raise capital. I asked if they were after a seat on the board and was told that was not their goal. He mentioned the recent agreement with One Drop and how they have linked into Amazon and how this has huge upside potential. He asked for my email address so he could let me know when it was the right time to pull the trigger on buying more shares (I currently hold none). I did not give him my email because I felt this was a simple marketing ploy to gain investors. That's the gist of it. I encourage others to contact them to simply gather your own perspective. If Aegis is able to recognize the potential, others are on top of this as well and I would think Matt and Co can play competing interests to their benefit. |
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Post by falconquest on May 15, 2017 18:35:14 GMT -5
So a rights offering are additional securities offered to current shareholders at a discounted price to raise capital in a "non-dilutive" manner. Does anyone have experience with rights offerings, the effect on share price of the underlying security and can explain how this is "non-dilutive"? Even if an offer were made by the company, why would anyone take advantage of the offering without some indication that scripts were growing?
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Post by scoy on May 15, 2017 18:38:32 GMT -5
So a rights offering are additional securities offered to current shareholders at a discounted price to raise capital in a "non-dilutive" manner. Does anyone have experience with rights offerings, the effect on share price of the underlying security and can explain how this is "non-dilutive"? Even if an offer were made by the company, why would anyone take advantage of the offering without some indication that scripts were growing? It's non-dilutive in the sense that current shareholders can buy shares to keep their ownership percentage unchanged after the rights offering ends. To me this seems to be the best source of info. media2.mofo.com/documents/faqrightsofferingsv2.pdf |
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Post by mnkdorbust on May 15, 2017 18:42:49 GMT -5
I can shed some light on this. I left a message when I read the original post and received a call from Brian today. Now, I will be paraphrasing here so please don't scrutinize every word. Brian said his team has met with Matt (he offered to send me photos with my email address). They believe that Mannkind has huge upside potential and is currently way undervalued at this share price. They say they want to amass a group of investors with voting shares that number 20-25 million so they have enough influence with company management. to convince them to make a non-dilutive rights offering to raise capital. I asked if they were after a seat on the board and was told that was not their goal. He mentioned the recent agreement with One Drop and how they have linked into Amazon and how this has huge upside potential. He asked for my email address so he could let me know when it was the right time to pull the trigger on buying more shares (I currently hold none). I did not give him my email because I felt this was a simple marketing ploy to gain investors. That's the gist of it. I encourage others to contact them to simply gather your own perspective. If Aegis is able to recognize the potential, others are on top of this as well and I would think Matt and Co can play competing interests to their benefit. Maybe this is finally our "Embarrassment of Riches"!  |
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Post by derek2 on May 15, 2017 19:05:48 GMT -5
So a rights offering are additional securities offered to current shareholders at a discounted price to raise capital in a "non-dilutive" manner. Does anyone have experience with rights offerings, the effect on share price of the underlying security and can explain how this is "non-dilutive"? Even if an offer were made by the company, why would anyone take advantage of the offering without some indication that scripts were growing? Well, to keep it within family, EYES did a rights offering recently. Announced Jan 9: $1.82 Closed March 9: $1.47 Today: $1.17 |
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Post by falconquest on May 15, 2017 19:10:06 GMT -5
So a rights offering are additional securities offered to current shareholders at a discounted price to raise capital in a "non-dilutive" manner. Does anyone have experience with rights offerings, the effect on share price of the underlying security and can explain how this is "non-dilutive"? Even if an offer were made by the company, why would anyone take advantage of the offering without some indication that scripts were growing? Well, to keep it within family, EYES did a rights offering recently. Announced Jan 9: $1.82 Closed March 9: $1.47 Today: $1.17 Booyah! ;-) |
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Post by babaoriley on May 15, 2017 19:20:06 GMT -5
I do think the Company should make comment on this, once they are in possession of most all the facts. Hey, sports, I know Peppy is way out in front on number of posts, but you and MN are running neck and neck, nose and nose! Keep up the great work guys!!
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Post by seanismorris on May 15, 2017 19:48:24 GMT -5
Something smells fishy, and I haven't had fish today.
Without a boatload of more information I'd stay away.
It smells like a scam.
At the very least wait for someone at MannKind to comment before getting involved.
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On the other hand, send me just 10% of your MNKD shares so I can get a seat on the board. I promise to double the value of your other shares.
MannKind has tons of upside it just needs a bit of direction. I need 5 million shares to make your dreams come true.
In small print: The board may, or may not, be a 2 by 4 in my backyard.
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Post by dreamboatcruise on May 15, 2017 20:07:55 GMT -5
I can shed some light on this. I left a message when I read the original post and received a call from Brian today. Now, I will be paraphrasing here so please don't scrutinize every word. Brian said his team has met with Matt (he offered to send me photos with my email address). They believe that Mannkind has huge upside potential and is currently way undervalued at this share price. They say they want to amass a group of investors with voting shares that number 20-25 million so they have enough influence with company management. to convince them to make a non-dilutive rights offering to raise capital. I asked if they were after a seat on the board and was told that was not their goal. He mentioned the recent agreement with One Drop and how they have linked into Amazon and how this has huge upside potential. He asked for my email address so he could let me know when it was the right time to pull the trigger on buying more shares (I currently hold none). I did not give him my email because I felt this was a simple marketing ploy to gain investors. That's the gist of it. I encourage others to contact them to simply gather your own perspective. This does seem very fishy. Maybe they are setting up a short term trade. Obviously they aren't going to tell you to buy if they are in the act of purchasing. If they are buying, they may be collecting a bunch of names to then say"BUY" after they have their position so the price runs up and they can dump. If that were true then the wiser thing would be to front run them, buy now and sell when they say buy. I did just get my yellow cards today for my Schwab accounts. |
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Post by slugworth008 on May 15, 2017 20:14:16 GMT -5
I saw a picture of one of these posted on ST - So they are legit but what are they for?? I have zero clue - And I have not received one either.
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Post by sportsrancho on May 15, 2017 20:14:49 GMT -5
Scam IMO
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Post by kc on May 15, 2017 20:21:06 GMT -5
It's arbitrage deal somebody has been accumulating shares.
The company may finally have an activist investor who is about to be revealed. Perhaps hostile to current management and aegis was hired to convince shareholders to hang tough with management.
SEC Legal filings to show 10% or more ownership released the next day or two,or the morning of the meeting.
You don't see the heavy churning we saw last week if something wasn't going on.
Last year we had Henry Orlasky make his proposal. But he didn't control enough shares to get the board attention. But now perhaps somebody has got enough shares and will reveal themselves in the next 48 to 72 hours.
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Post by sportsrancho on May 15, 2017 20:29:59 GMT -5
But most of us did not get cards?
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Post by kc on May 15, 2017 20:41:11 GMT -5
I bet you receive it before Wednesday.
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Post by slugworth008 on May 15, 2017 20:46:05 GMT -5
It's arbitrage deal somebody has been accumulating shares. The company may finally have an activist investor who is about to be revealed. Perhaps hostile to current management and aegis was hired to convince shareholders to hang tough with management. SEC Legal filings to show 10% or more ownership released the next day or two,or the morning of the meeting. You don't see the heavy churning we saw last week if something wasn't going on. Last year we had Henry Orlasky make his proposal. But he didn't control enough shares to get the board attention. But now perhaps somebody has got enough shares and will reveal themselves in the next 48 to 72 hours. Just when you (I) think it can't get any more interesting or crazy - It does... Oh boy will the plot thicken? or - will darkness be the order of the week? I'd say the suspense is killing me - but after holding this for 3+ years - I'm worn out...JUST SELL THE PRODUCT - LOL |
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