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Post by n8 on May 16, 2017 10:59:06 GMT -5
Same here
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Post by n8 on May 16, 2017 11:11:04 GMT -5
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Post by gamblerjag on May 16, 2017 11:19:15 GMT -5
I would agree this Aegis thing is not up to par.. but don't think this is why we are seeing the volume or pps fluctuation.
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Post by dreamboatcruise on May 16, 2017 11:20:25 GMT -5
IF a rights offering is really what they want, it seems deceptive and self serving to me - especially if they bought in big last week and want a further discount on shares. These guys have the money to go at it alone, buy the equity on the open market if they really believe it's worth much more than current pps level. Or instead of pushing the rights offering make a tender offer to the shareholders at what they believe it is worth. Of course they know that no shareholder here will accept anything they are willing to offer at the current moment and that includes the mann group who i am sure they have already approached. Something about it doesn't sit right with me. They would only be calling for a rights offering if they were a shareholder. If everyone, or most everyone, participates in the rights offering no one really benefits other than collectively by providing needed funds to the company. If there is 100% participation a shareholder that has 5% ownership would put in some money (whether at a discount or premium to current share price) and would then still own exactly 5%. If they are a shareholder and proposing a rights offering, I think they are proposing what would be in the best interest of all shareholders (presuming that enough participated to actually extend runway for necessary time period such as 1 year). However, I am very skeptical that is actually what this is about. |
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Post by dreamboatcruise on May 16, 2017 11:26:40 GMT -5
Maybe the Aegis conundrum was a back up plan in case the UAE purchase didn't get done, or in time. Just throwing pasta against the wall. If it comes through, it could right the ship overnight in terms of cash flow. We don't know anything about the deal so who knows. Actually, Aegis is plan C. Plan B is money from an African prince that contacted Matt over the internet. If it comes through, it could right the ship overnight in terms of cash flow. We don't know anything about that deal so who knows... but the less we know about something, the better it might be. |
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Post by hammer on May 16, 2017 12:53:18 GMT -5
IF a rights offering is really what they want, it seems deceptive and self serving to me - especially if they bought in big last week and want a further discount on shares. These guys have the money to go at it alone, buy the equity on the open market if they really believe it's worth much more than current pps level. Or instead of pushing the rights offering make a tender offer to the shareholders at what they believe it is worth. Of course they know that no shareholder here will accept anything they are willing to offer at the current moment and that includes the mann group who i am sure they have already approached. Something about it doesn't sit right with me. They would only be calling for a rights offering if they were a shareholder. If everyone, or most everyone, participates in the rights offering no one really benefits other than collectively by providing needed funds to the company. If there is 100% participation a shareholder that has 5% ownership would put in some money (whether at a discount or premium to current share price) and would then still own exactly 5%. If they are a shareholder and proposing a rights offering, I think they are proposing what would be in the best interest of all shareholders (presuming that enough participated to actually extend runway for necessary time period such as 1 year). However, I am very skeptical that is actually what this is about. This is precisely the reason I see for the Aegis cards. I am sure we will find out that Aegis was was hired by MNKD to notify shareholders of a rights offering to existing shareholders. More will be clarified at ASM. If MNKD can present any positive news in regards to ME sales or partnerships along with the rights offering it could devastate short sellers and reward long term investors who may have dry powder left. Just a thought! |
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Post by kc on May 16, 2017 13:03:08 GMT -5
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Post by dreamboatcruise on May 16, 2017 13:05:42 GMT -5
They would only be calling for a rights offering if they were a shareholder. If everyone, or most everyone, participates in the rights offering no one really benefits other than collectively by providing needed funds to the company. If there is 100% participation a shareholder that has 5% ownership would put in some money (whether at a discount or premium to current share price) and would then still own exactly 5%. If they are a shareholder and proposing a rights offering, I think they are proposing what would be in the best interest of all shareholders (presuming that enough participated to actually extend runway for necessary time period such as 1 year). However, I am very skeptical that is actually what this is about. This is precisely the reason I see for the Aegis cards. I am sure we will find out that Aegis was was hired by MNKD to notify shareholders of a rights offering to existing shareholders. More will be clarified at ASM. If MNKD can present any positive news in regards to ME sales or partnerships along with the rights offering it could devastate short sellers and reward long term investors who may have dry powder left. Just a thought! I've never been involved in a rights offering situation with a company I've owned, and I don't know a lot about Aegis. I don't expect any big news before the ASM and am very skeptical the yellow cards would be something driven by MNKD (though have no concrete reasoning for that... just my gut). Perhaps someone that knows something about rights offering and/or Aegis could say whether Aegis is a type of firm that does the sort of thing you are proposing. Maybe someone that knows something about the EYES rights offering a couple of months ago (Matt is on EYES BoD) could say whether Aegis or similar firm played the role you suggest. I'm always very leery of theories that involve processes or deals that are unlike anything that has occurred in the past... especially if it's a optimistic theory. MNKD has had some very out of the ordinary things happen, but almost universally they've been bad things. However, in business generally past is prologue. |
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Post by sellhighdrinklow on May 16, 2017 13:32:20 GMT -5
This is implying that the majority of institutions sold out and the remaining holders are retail and Mann group....?
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Post by derek2 on May 16, 2017 13:50:48 GMT -5
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Post by roseylv on May 16, 2017 13:51:55 GMT -5
KC,
I'm not sure i buy these figures? How is it that we see a live feed of big institutional investors actions? Institutions must report quarterly. Why or how would there transactions be shown live to the rest of the world. It's telegraphing their every move / play book?
If everyone of the institutions did in fact sell out....we are SOOOOO rat F'ed as they are always ahead of info making it's way to the street.
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Post by n8 on May 16, 2017 13:53:34 GMT -5
So it started in 1984, had 4 employees in 2015, and now are 300+. Must be a bad reference then?
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Post by sportsrancho on May 16, 2017 15:36:15 GMT -5
AEGIS CAPITAL CORP NAMED IN FINRA SECURITIES ARBITRATION
FINRA SECURITIES ARBITRATION, STOCKBROKER FRAUD NEWS | 02. FEB, 2017 BY NICHOLAS J. GUILIANO | 0 COMMENTS
John David Fenimore, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp., has been named in a customer initiated investment related arbitration claim on June 9, 2014, in which the customer requested $250,000.00 in damages based upon allegations that Fenimore utilized the customer’s margin in an unsuitable manner, effected equity trades in the customer’s account on an excessive and unsuitable basis, and breached his contractual duties.
Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that on May 28, 2014, a customer initiated investment related arbitration claim involving Fenimore’s conduct was settled for $210,000.00 in damages based upon allegations that Fenimore utilized the customer’s margin in an excessive manner and recklessly traded speculative over-the-counter equity transactions in the customer’s account.
Since January 29, 1999, Fenimore has been associated with nine different broker dealers, seven of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct. #cockroach.
The the Melville, New York office of Aegis Capital is located at 510 Broadhollow Road, Suite104, Mellville, New York 11747. Other Aegis Captital stockbrokers working out of this office include:
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Post by sportsrancho on May 16, 2017 15:37:50 GMT -5
Akeem D Liburd
Alex Edward Fuenmayor
Antonio Almeida
Aret Gugin
Barry Alan Goldstein
Benjamin Matthew Greenberg
Brian David Rockowitz
Bryan Preston Lubitz
Bryan Rodriguez
Cesar Ramos Jr
Christopher Adam Knutson
Corey Alexander Johnson
Cory D Bataan
Craig Matthew Pravata
Daniel Dvorznak
Daniel James O’Neill
Daniel Joseph Farrington
Daniel R Drahos
Darren Olivieri
David Stewart Silberg
Dominick Joseph Diorio Jr
Douglas Edward Szempruch
Edward Joseph Horvath
Elliot Hough Sherer
Erik Maugeri
Eyal Farag
Frank Giacalone
Gavin Glendenning
Hector Crespo Jr
James Christopher Senese
Jan Lee Getto
Jason Jay Baker
Jason Tom Rossi
Jerry Lawrence Goldblum
John Mikos
Joseph Brian Lascala Jr
Joseph Michael Giordano
Justin Ray Deiter
Keith Michael Dagostino
Kevin C Meade
Kosmas Trilivas
Marcella Maria Lapadula
Marinos Ballas
Michael Dennis Defelice
Michael Francis Lazarus
Michael Thomas Curry
Michelle Perres
Nicholas George Tsikitas
Ralph Anthony Savino III
Rick John Sande
Robert Healy
Roberto Birardi
Scott Edward Landrem
Scott Neil Hananel
Sean T Sullivan
Warren Meltzer
Ytai R Tarazi
Corey Alexander Johnson has contacted a shareholder.
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Post by roseylv on May 16, 2017 15:55:33 GMT -5
AEGIS CAPITAL CORP NAMED IN FINRA SECURITIES ARBITRATION FINRA SECURITIES ARBITRATION, STOCKBROKER FRAUD NEWS | 02. FEB, 2017 BY NICHOLAS J. GUILIANO | 0 COMMENTS John David Fenimore, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp., has been named in a customer initiated investment related arbitration claim on June 9, 2014, in which the customer requested $250,000.00 in damages based upon allegations that Fenimore utilized the customer’s margin in an unsuitable manner, effected equity trades in the customer’s account on an excessive and unsuitable basis, and breached his contractual duties. Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that on May 28, 2014, a customer initiated investment related arbitration claim involving Fenimore’s conduct was settled for $210,000.00 in damages based upon allegations that Fenimore utilized the customer’s margin in an excessive manner and recklessly traded speculative over-the-counter equity transactions in the customer’s account. Since January 29, 1999, Fenimore has been associated with nine different broker dealers, seven of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct. #cockroach. The the Melville, New York office of Aegis Capital is located at 510 Broadhollow Road, Suite104, Mellville, New York 11747. Other Aegis Captital stockbrokers working out of this office include: Sports, Let's no get over our skies. My company gets sued for way more money then $250,000 for a mere slip and fall which results in a bruised coccyx within our restaurant business. An Aegis customer suing for 250k is peanuts. They'll settle for $50-100k and move on. Let's hope Aegis is our ticket to money and hope that all the institutional investors did not sell out. If they did in fact abandon ship, you and I both know that they know more then the street and retail investors do. fingers crossed |
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