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Post by uvula on Oct 14, 2017 8:39:28 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. Nice little rant but you didn't answer the question. No one think Kent is stupid or did anything illegal. (And it would be very disturbing if Kent was not aware of large deals.)
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Post by brotherm1 on Oct 14, 2017 8:43:30 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. Makes sense. Along that line of thinking, I’m sure he has a lot of wealthy friends. Was it Mango that said he and his wife live in the same neighborhood of Bill and Melinda ?
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Post by mango on Oct 14, 2017 8:49:13 GMT -5
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. Makes sense. Along that line of thinking, I’m sure he has a lot of wealthy friends. Was it Mango that said he and his wife live in the same neighborhood of Bill and Melinda ? Lol. Negative.
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Post by cjm18 on Oct 14, 2017 8:55:57 GMT -5
No warrants in this capital raise.
Warrants would eat into the authorized share count? The same count that can be used for ATM?
Do companies have to disclose using ATM within x days? Or will we find out at next earning call?
Thanks!
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Post by kc on Oct 14, 2017 8:56:42 GMT -5
You can bet that chairman Kent is in contact on a daily or weekly basis with Mike and others in company.
The decisions that have to be made require board action. I am sure the board has been working harder in the last six months and they ever have going back to Al’s days.
You can bet that Kent has followed all governance rules regarding purchasing of shares.
He is a corporate professional just look at his bio. Does he possess insider information that others do not? Of course he knows what’s going on in the potential for increasing value. That is why he had to purchase the shares in the manner he did. On the flipside. It would be much more difficult for him to sell his shares.
Just remember the shares he purchased directly help the company with new equity. That was the purpose of the issuance of new stock. The other $60 million does the same thing as it avoid hitting the open market. I hope that the buyer of the equity keeps it off the open market.
Personally I hope it’s an entity that plans on hold him for a long period of time. I believe that was the goal of the offering.
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Post by brotherm1 on Oct 14, 2017 9:06:14 GMT -5
Makes sense. Along that line of thinking, I’m sure he has a lot of wealthy friends. Was it Mango that said he and his wife live in the same neighborhood of Bill and Melinda ? Lol. Negative. . Ha, I was being serious. Unless I’ve lost my mind I’m certain I saw a post on this board a while back from someone saying the Kresas and Gates were neighbors. I just assumed it was you. Now I guess I’ll need to do a lot of digging
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Post by brotherm1 on Oct 14, 2017 9:19:03 GMT -5
. Ha, I was being serious. Unless I’ve lost my mind I’m certain I saw a post on this board a while back from someone saying the Kresas and Gates were neighbors. I just assumed it was you. Now I guess I’ll need to do a lot of digging OK just to quickly prove I’ve not lost my mind if nothing else before I run for breakfast and coffee: lakon Avatar lakon Postaholic ***** May 20, 2017 at 2:18pm rockstarrick, boca1girl, and 1 more like this Quote likePost Options "Since the summer of 1999 the the Gates [Bill and Melinda] have also owned a sprawling 13,573 square foot residence on 1.33 acres that backs up to a Tom Fazio-designed golf course at the guard-gated and ultra-posh Vintage Club in Indian Wells, CA. Property records and other online resources indicate they paid $12.5 million for their deluxe desert digs through a trust that familiarly links back to Mister Gate’s father’s law offices in Kirkland (WA). According to property records and other online resources, some of the other big-rich home owners at The Vintage Club include: influential businessman Kent Kresa; Texas-based beer and banking tycoon Bud Dillard’s widow, Kay; Louisiana energy mogul William Doré; bajillionaire industrialist and conservative political activist Charles Koch; French paper pasha Jacques Lejeune; the late Austrian industrialist Friedrich Flick’s multi-billionaire widow Ingrid; agro-industrialist Cargil MacMillan’s multi-billionaire widow Donna; and Las Vegas casino owner Faye Johnson." Read more: mnkd.proboards.com/thread/5492/kent-kresa-chairman-board#ixzz4vUYh4rQC
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Post by rayskum on Oct 14, 2017 9:49:29 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. George - I truly believe It was a simple mistake by Lakers in reading the number because I made the same mistake at first. As far as his posts, most of them have come true and I always look forward to his posts.
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Post by brotherm1 on Oct 14, 2017 10:08:59 GMT -5
. Ha, I was being serious. Unless I’ve lost my mind I’m certain I saw a post on this board a while back from someone saying the Kresas and Gates were neighbors. I just assumed it was you. Now I guess I’ll need to do a lot of digging OK just to quickly prove I’ve not lost my mind if nothing else before I run for breakfast and coffee: lakon Avatar lakon Postaholic ***** May 20, 2017 at 2:18pm rockstarrick, boca1girl, and 1 more like this Quote likePost Options "Since the summer of 1999 the the Gates [Bill and Melinda] have also owned a sprawling 13,573 square foot residence on 1.33 acres that backs up to a Tom Fazio-designed golf course at the guard-gated and ultra-posh Vintage Club in Indian Wells, CA. Property records and other online resources indicate they paid $12.5 million for their deluxe desert digs through a trust that familiarly links back to Mister Gate’s father’s law offices in Kirkland (WA). According to property records and other online resources, some of the other big-rich home owners at The Vintage Club include: influential businessman Kent Kresa; Texas-based beer and banking tycoon Bud Dillard’s widow, Kay; Louisiana energy mogul William Doré; bajillionaire industrialist and conservative political activist Charles Koch; French paper pasha Jacques Lejeune; the late Austrian industrialist Friedrich Flick’s multi-billionaire widow Ingrid; agro-industrialist Cargil MacMillan’s multi-billionaire widow Donna; and Las Vegas casino owner Faye Johnson." Read more: mnkd.proboards.com/thread/5492/kent-kresa-chairman-board#ixzz4vUYh4rQCPerhpas we’ll soon see a headline, “Are there humanitarians that so much believe in Afrezza that they invested $60M at multiples of the share price to keep MNkD rolling”?
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Post by babaoriley on Oct 14, 2017 12:13:14 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. I think you are exactly right, aged one, this investment by Kresa was done, at least in part, to assure the rest of the participants of the confidence that management has in the future of the company.
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Post by babaoriley on Oct 14, 2017 12:15:29 GMT -5
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. Nice little rant but you didn't answer the question. No one think Kent is stupid or did anything illegal. (And it would be very disturbing if Kent was not aware of large deals.) A deal could close next week and he'd be fine, so long as the deal wasn't agreed upon, either in writing or with an "understanding" that it was a "done" deal. The info that MNKD is in the market for deals in public information.
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Post by straightly on Oct 14, 2017 13:50:35 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. There is a huge difference between speculative trade and investment. Insider trade is illegal. There is no law against investment at a fair price. Kent's investment is fair and square. If somebody knew of theses arrangements and scooped up shares at below $2.00 before the crowd, that would be illegal. Not a lawyer, but I do believe Kent's investment should be legal, which actually might be neccesary to convince other investors as Kent put his money where his mouth was.
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Post by kc on Oct 14, 2017 14:01:50 GMT -5
They went to the Rodman & Renshaw, Cantor Fitzgerald events in September to tell their story about how the company had been turned around and Mike is very good at telling the story. Just listen to his Biz radio clip. Does a great job talking about how the Big Pharma Giant put huge resources behind a failed marketing program and then little MannKind left for dead has worked with no resources 1/10 of what Sanofi had and now is starting to see positive things happen. It is a great story about overcoming adversity.
david vs. goliath
Ken was probably also at the investor conferences. It was well planned out and he bought at the offering rate. Nothing insider about that transaction. Just a bullish move.
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Post by babaoriley on Oct 14, 2017 14:04:16 GMT -5
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. There is a huge difference between speculative trade and investment. Insider trade is illegal. There is no law against investment at a fair price. Kent's investment is fair and square. If somebody knew of theses arrangements and scooped up shares at below $2.00 before the crowd, that would be illegal. Not a lawyer, but I do believe Kent's investment should be legal, which actually might be neccesary to convince other investors as Kent put his money where his mouth was. Just to be clear, straightly, and others, if Kent knew, for example, that a buyout for $10 is in the works, or some other event which would almost surely push the stock up substantially is all but inked, then, he could pay a premium over the then market price (which he did) and still have a problem. That's not the case here, assuredly. As far as convincing other investors, I'm hoping he convinces a few starting Monday morning, 9:30 EST.
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Post by traderdennis on Oct 14, 2017 15:09:43 GMT -5
There is a huge difference between speculative trade and investment. Insider trade is illegal. There is no law against investment at a fair price. Kent's investment is fair and square. If somebody knew of theses arrangements and scooped up shares at below $2.00 before the crowd, that would be illegal. Not a lawyer, but I do believe Kent's investment should be legal, which actually might be neccesary to convince other investors as Kent put his money where his mouth was. Just to be clear, straightly, and others, if Kent knew, for example, that a buyout for $10 is in the works, or some other event which would almost surely push the stock up substantially is all but inked, then, he could pay a premium over the then market price (which he did) and still have a problem. That's not the case here, assuredly. As far as convincing other investors, I'm hoping he convinces a few starting Monday morning, 9:30 EST. Let’s get this straight Kent paid below retail price as did all those investors who participated. Kent paid 6 per share when the share price was 6.73.
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