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Post by Deleted on Aug 4, 2017 5:58:55 GMT -5
There are posts stating the Mann Group is possibly selling shares in order to raise money to lend to Mannkind. I have asked how one would know this since I have never seen a financial statement from the Mann Group indicating its holdings or net worth. Anyone that can provide a link from the Mann Group showing such information would be appreciated.
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Post by mango on Aug 4, 2017 8:27:38 GMT -5
The Mann Group, LLC is a 10 percent owner. INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Date of Event Requiring Statement: 02/25/2016
1. Title of Security | 2. Amount of Securities Beneficially Owned
| 3. Ownership Form: Direct (D) or Indirect (I) | 4. Nature of Indirect Beneficial Ownership | Common Stock | 17,930,450 (1) | Indirect | See footnote (2) |
1. Reflects securities beneficially owned as of February 25, 2016, as adjusted for the 1-for-5 reverse stock split effected by the Issuer on March 2, 2017.2. Held of record by Mann Group, LLC. The Alfred E. Mann Living Trust is the sole manager and member of Mann Group, LLC. /s/ Anoosheh Bostani and /s/ Michael S. Dreyer,
Trustees of the Alfred E. Mann Living Trust, Manager of Mann Group, LLC Date: 05/22/2017 Form 3
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Post by Deleted on Aug 4, 2017 9:31:49 GMT -5
mango have you come across a link from the Mann Group indicating its holdings or net worth?
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Post by mango on Aug 4, 2017 10:10:51 GMT -5
What do you mean by holdings exactly? Shares? All I know for sure is they are a 10% owner and on their only Form 3 it says 17,930,450.
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Post by scoy on Aug 4, 2017 10:14:32 GMT -5
What do you mean but holdings exactly? Shares? All I know for sure is they are a 10% owner and on their only Form 3 it says 17,930,450. There's no one at the group who is a "reporting person" as specified in the Form 3 rules. There's no reason for them to file after 2/25/2016. www.sec.gov/files/form3data.pdf
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Post by mango on Aug 4, 2017 10:20:03 GMT -5
What do you mean but holdings exactly? Shares? All I know for sure is they are a 10% owner and on their only Form 3 it says 17,930,450. There's no one at the group who is a "reporting person" as specified in the Form 3 rules. There's no reason for them to file after 2/25/2016. www.sec.gov/files/form3data.pdfhuh? From your own link: This is the Reporting Person in the SEC Form 3 : /s/ Anoosheh Bostani and /s/ Michael S. Dreyer, Trustees of the Alfred E. Mann Living Trust 05/22/2017 /s/ Anoosheh Bostani and /s/ Michael S. Dreyer, Trustees of the Alfred E. Mann Living Trust, Manager of Mann Group, LLC 05/22/2017 ** Signature of Reporting Person
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Post by Deleted on Aug 4, 2017 10:25:33 GMT -5
mango your information pertains only to shares in Mannkind, they likely hold other shares and assets.
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Post by mango on Aug 4, 2017 10:52:37 GMT -5
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Post by Omega on Aug 4, 2017 11:17:54 GMT -5
Date of Event Requiring Statement: 02/25/2016
1. Title of Security | 2. Amount of Securities Beneficially Owned
| 3. Ownership Form: Direct (D) or Indirect (I) | 4. Nature of Indirect Beneficial Ownership | Common Stock | 17,930,450 (1) | Indirect | See footnote (2) |
So they only had around 18M shares of MNKD prior to RS?
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Post by peppy on Aug 4, 2017 11:29:16 GMT -5
Date of Event Requiring Statement: 02/25/2016
1. Title of Security | 2. Amount of Securities Beneficially Owned
| 3. Ownership Form: Direct (D) or Indirect (I) | 4. Nature of Indirect Beneficial Ownership | Common Stock | 17,930,450 (1) | Indirect | See footnote (2) |
So they only had around 18M shares of MNKD prior to RS? the mann group used to control 43% (?) of the shares. figuring, 100,000 shares, make that now 18%. is that the number/conclusion you are fighting kastanes?
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Post by mango on Aug 4, 2017 11:31:36 GMT -5
Date of Event Requiring Statement: 02/25/2016
1. Title of Security | 2. Amount of Securities Beneficially Owned
| 3. Ownership Form: Direct (D) or Indirect (I) | 4. Nature of Indirect Beneficial Ownership | Common Stock | 17,930,450 (1) | Indirect | See footnote (2) |
So they only had around 18M shares of MNKD prior to RS? It would be closer to the 90 Million range prior to the RS.
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Post by peppy on Aug 4, 2017 11:33:17 GMT -5
So they only had around 18M shares of MNKD prior to RS? It would be closer to the 90 Million range prior to the RS. new hires. more shares as..... But it was closer to 90 million. 92,085,000 page 112 annual report. Mike has to pay these people with something.
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Post by mango on Aug 4, 2017 11:41:57 GMT -5
It would be closer to the 90 Million range prior to the RS. new hires. more shares as..... But it was closer to 90 million. Mike has to pay these people with something.
What did the Trustees do with the money they obtained from selling their shares of Second Sight to the CEO? Could that have provided capital needed to pay employees? To pay for trademarks? To pay for patents? Does anyone in their right mind really believe they would allow a corrupt healthcare hedge fund to destroy MannKind and cater to their wishes? Maybe that is why Mike was able to negotiate with Deerfield on the payments and reducing required cash on hand? Deerfield sure didn't look nice and ethical when they were exposed for insider trading schemes involving CMS. Has MannKind ever received an FDA Warning Letter? nope. How about been guilty in a court of law? nope. How about paying out a class action law suit? nope. No logical explanation other than the logical one.
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Post by dreamboatcruise on Aug 4, 2017 12:35:41 GMT -5
new hires. more shares as..... But it was closer to 90 million. Mike has to pay these people with something.
What did the Trustees do with the money they obtained from selling their shares of Second Sight to the CEO? Could that have provided capital needed to pay employees? To pay for trademarks? To pay for patents? Does anyone in their right mind really believe they would allow a corrupt healthcare hedge fund to destroy MannKind and cater to their wishes? Maybe that is why Mike was able to negotiate with Deerfield on the payments and reducing required cash on hand? Deerfield sure didn't look nice and ethical when they were exposed for insider trading schemes involving CMS. Has MannKind ever received an FDA Warning Letter? nope. How about been guilty in a court of law? nope. How about paying out a class action law suit? nope. No logical explanation other than the logical one. Yes... management seems honest and ethical... they basically have said that they have hired an advisory firm (actually 2 of them) to try to find money. Logical is that this is exactly what is happening. Illogical is to believe there is some white knight sitting at the ready to save Mannkind that for some incredibly odd reason have let Mannkind flounder to this point without being able to fully staff national sales team or pay for full on TV advertising.
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Post by mango on Aug 4, 2017 14:02:20 GMT -5
What did the Trustees do with the money they obtained from selling their shares of Second Sight to the CEO? Could that have provided capital needed to pay employees? To pay for trademarks? To pay for patents? Does anyone in their right mind really believe they would allow a corrupt healthcare hedge fund to destroy MannKind and cater to their wishes? Maybe that is why Mike was able to negotiate with Deerfield on the payments and reducing required cash on hand? Deerfield sure didn't look nice and ethical when they were exposed for insider trading schemes involving CMS. Has MannKind ever received an FDA Warning Letter? nope. How about been guilty in a court of law? nope. How about paying out a class action law suit? nope. No logical explanation other than the logical one. Yes... management seems honest and ethical... they basically have said that they have hired an advisory firm (actually 2 of them) to try to find money. Logical is that this is exactly what is happening. Illogical is to believe there is some white knight sitting at the ready to save Mannkind that for some incredibly odd reason have let Mannkind flounder to this point without being able to fully staff national sales team or pay for full on TV advertising. I get what you're saying with sales team and TV, but I honestly think TV has become an integral part of the a larger problem. I fully support what Mattocks and Damon are doing because they are not wanting to pollute every household TV screen, they are staying closer to the people on a smaller, more personal scale and effort. Their intentions are good, and you can see this and feel this. Pharmaceutical commercials, IMO, shouldn't be something that runs parallel with alcohol commercials, junk food commercials, propaganda, etc...the entire point of a commercial that is the subject of a consumable product, has the sole purpose of convicting the audience to accept the existence of said product, not be left with negative afterthoughts of the product, and plant a seed that grows into accepting the product and as truth and something that is "good" or "healthy" or whatever. I don't watch TV, haven't for many years and most folks I know don't either, we just use KODI and/or Netflix. I support the way MannKind created their commercial and I support the show it sponsors that they run it on. I've talked with Mike and Charles several times and if I saw something advertised by either I could easily pick up on the intentions and genuineness only because they want to connect with everyday people and have stayed true to themselves. MannKind's commercial is the exact opposite of what one thinks of when visualizing all of what they know of Pharma commercials to be and the purpose of them. I honestly just don't think Corporations in which develop and sell things that impact health should be creating deception and buying out medical communities. Most truly reliable, safe, remarkable and useful products and consumables don't need to pollute TV screens and YouTube videos in order to gain awareness, false acceptable and false perceptions. William McCullough never is a TV commercial for Samson Hair Restoration and it is because he knew that what the clinical practices represented, the ethics they all honored and valued, and staying true and real would mean success through word of mouth and not a false advertisement of something that puts naive people at risk in an already bought off establishment. MannKind naturally attracted wealthy celebrities who woken up a long time ago and they chose MannKind and Afrezza out of anything else in the world. The insulin speaks for itself. Very few medicines gain this kind of support. TPTB are all clearly against this impending doom, but when people put 1+1 together and see for themselves they also become aware of all these things. There is an enormous phase change occurring and it just becomes more and more pronounced every day. MannKind is what and who it is because of what they have done and who they have been. I don't want that to ever change. The day MannKind mirrors Big Pharma will be the day no good leaders are left and not enough truly good inspiration will exist to manifest itself. Afrezza awareness grows daily without TV I think and because I can see it I don't think commercials are an issue. It is the paid shills and corrupt lobbying and BP pollution that are the issues. Deerfield had/has a major flaw in their flow for executives to have taken adavance of people's health and finances for their own personal greed.
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