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Post by investorpestor on Oct 13, 2017 17:24:19 GMT -5
I think this is bigger than the private placement. Talk about getting in on the fun!!!
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Post by cjc04 on Oct 13, 2017 17:30:35 GMT -5
Lakers - CoB bought 1,66,600, not 1,666,000. So, it is $1M. way to clear things up ray.... lol Sry, couldn't help it, it's a happy Friday!!!
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Post by traderdennis on Oct 13, 2017 17:42:49 GMT -5
Well now we have insiders buying at above market prices - this is very bullish. By Monday we should also find out who the new >5% holder is. No he bought below market. Before the placement was announced the stock price was above 6.50 almost 7 at times. He took a ten percent discount versus the market.
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Post by uvula on Oct 13, 2017 18:51:17 GMT -5
Does this also mean that no deals are about to close? He can't buy if he has inside info, right?
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Post by traderdennis on Oct 13, 2017 19:30:51 GMT -5
Does this also mean that no deals are about to close? He can't buy if he has inside info, right? I think that is safe to say. Doubt there is a new 5percent major shareholder too as that would be inside info
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Post by brotherm1 on Oct 13, 2017 21:14:08 GMT -5
Does this also mean that no deals are about to close? He can't buy if he has inside info, right? Though it certainly does not mean he might not be aware of a general high level of interest from other parties.
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Post by mango on Oct 13, 2017 22:15:25 GMT -5
I remember not long ago a few people ridiculed Kresa and talked down about him. Side note: Like Al was, Kresa is also really into space and there's a thread about it. Space is the place. "This discovery is just the beginning," says Fiona Harrison, the Benjamin M. Rosen Professor of Physics and holder of the Kent and Joyce Kresa Leadership Chair of the Division of Physics, Mathematics and Astronomy. "Over the next years, LIGO will be putting general relativity to its most stringent tests ever, it will be discovering new sources of gravitational waves, and we will be using telescopes on the ground and in space to search for light emitted by these catastrophic events." www.jpl.nasa.gov/news/news.php?feature=5137
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Post by rockstarrick on Oct 13, 2017 22:48:58 GMT -5
I remember not long ago a few people ridiculed Kresa and talked down about him. Side note: Like Al was, Kresa is also really into space and there's a thread about it. Space is the place. "This discovery is just the beginning," says Fiona Harrison, the Benjamin M. Rosen Professor of Physics and holder of the Kent and Joyce Kresa Leadership Chair of the Division of Physics, Mathematics and Astronomy. "Over the next years, LIGO will be putting general relativity to its most stringent tests ever, it will be discovering new sources of gravitational waves, and we will be using telescopes on the ground and in space to search for light emitted by these catastrophic events." www.jpl.nasa.gov/news/news.php?feature=5137A purchase this big by a mnkd insider is unprecedented, unless of course we are talking about Al. Thanks Kent your shareholders appreciate this a lot !!! 👏🏻👏🏻👏🏻👏🏻👏🏻
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Post by babaoriley on Oct 14, 2017 0:00:28 GMT -5
Does this also mean that no deals are about to close? He can't buy if he has inside info, right? You mean he made this regardless of that? Wow, he must really be bullish on the future of the company! Or he could have agreed that he was going to participate to the tune of a million dollars of the next public offering made by MNKD at a time he did not have any insider info. Or, perhaps there hasn't been a board meeting for a while, and he only knew what Mike has made public lately. Does anyone know how often Kent and Mike talk? Daily, weekly, monthly or maybe as needed? Mike did mention very publicly that there are some potential deals out there, right? So, perhaps Kent only has a bit more knowledge than what Mike said the other day. Could he just be really stupid and trade illegally and have to document that fact by making the filing - that would draw attention, so if there were an investigation, it wouldn't be too difficult to figure out if he acted improperly. Do we think he would do something like that? Based on his resume, he wouldn't appear to be that stupid.
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Post by brewguy on Oct 14, 2017 0:16:06 GMT -5
Technically these shares were agreed to be purchased at $6 when share price was around $6.75 (12.5% discount).
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Post by falconquest on Oct 14, 2017 7:13:28 GMT -5
I understand the contribution to Mannkind but from a pure investment point of view he could have purchased at say $2.50 on the open market. It still would have boosted the share price but of course Mannkind wouldn't have the funds. This is an interesting investment by Mr. Kresa.
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Post by spiro on Oct 14, 2017 7:41:35 GMT -5
Baba, Spiro doesn't give a hoot about what this guy Kent knows or doesn't know. But, it's damn sure nice to have a C.O.B buy $1 million in shares out of his not so hard earned dollars. Please tell me when Hakan or Matt took that plunge? But they were damn good at selling, Right?
Spiro here, liking the new leadership at MNKD putting their money where their mouth is.
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Post by Deleted on Oct 14, 2017 7:51:41 GMT -5
The CoB bought 1,666,600 @ $6 ~ $10M not 1M. This should propel the stock back to $6 and more. He must have known something. Lakers. Dont want to be rude, but seems like sometimes you are purposely misleading with incorrect or vague information. Are you really here to help; as many of your "predictions" have never materialized. The next time you look into your crystal ball how about a source for the information. I know you'll say that you can reveal it, but about something tangible instead of info that seems speculative at best.
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Post by veritasfiliatemporis on Oct 14, 2017 7:55:47 GMT -5
Perfect timing..
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Post by agedhippie on Oct 14, 2017 8:00:49 GMT -5
I understand the contribution to Mannkind but from a pure investment point of view he could have purchased at say $2.50 on the open market. It still would have boosted the share price but of course Mannkind wouldn't have the funds. This is an interesting investment by Mr. Kresa. The funding round this time was different from the last round. First, unless I missed it there were no warrants issued in this round. Second, you actually have an insider in the mix. This makes me wonder if this round was about investment and not simply about raising cash like previous rounds. If this is the case then the investors may well have wanted someone on the inside to stand alongside them to make sure that management had skin in the game if there are no warrants issued. I would see this as a good thing since it means everyone is serious rather than the R&R round where everyone wanted to cash out their margin.
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