|
Post by #NoMoreNeedles on Feb 14, 2018 9:53:32 GMT -5
BIG question: Who or What pushed them out?
|
|
|
Post by celo on Feb 14, 2018 9:55:01 GMT -5
Looks like Deerfield sold all shares for $3.25. What a surprise! This should be a floor for the stock price. But I thought that when one of the board members bought in at 6.....
|
|
|
Post by morfu on Feb 14, 2018 9:57:30 GMT -5
Could someone here please summarize this in terms of shares/debt? How many shares were sold by deerfiled this year adn how much money does Mannkind still owes them and when? I know this information is somewhere on this page, but it seems to elude me.. As to why Deerfield is leaving.. I speculate that their business model is to prey on the weak..
|
|
|
Post by kbrion77 on Feb 14, 2018 9:58:49 GMT -5
I think we need to get out from under Deerfield as soon as possible. I don’t think they have been very good for MannKind. Sure they are willing to take shares to pay for some debt. But they turn around and sell everything. Thanks for that. I guess on the good side is that if they sell everything they don’t have shares to loan out. I just don’t trust them. I somewhat agree but keep in mind Deerfield provided much needed capital to Mannkind in 2013. 5 years later obviously this is not what they envisioned for the company so they had to recoup their investment in a wall street type of way.
|
|
|
Post by uvula on Feb 14, 2018 9:58:55 GMT -5
Is thus good or bad? Does this mean that deerfield is not aware of any good deals in the near future?
|
|
|
Post by MnkdWASmyRtrmntPlan on Feb 14, 2018 9:59:43 GMT -5
I agree about their trustworthiness, CCI. But, their relationship with MNKD was mutual benefit, so they were ok to MNKD. Like others here have said that they provide loans, and MNKD needed that capital. But, they are not investors, but just take stock as payment when they see clear advantage for themselves to do so. If they got $3.25/share, then they won that game. And you are certainly correct about being done with their selling pressure, Peppy. That's good.
Hey Chanhart, where did you see that all their shares traded for $3.25?
|
|
|
Post by akemp3000 on Feb 14, 2018 10:03:45 GMT -5
IF Deerfield has sold out to a single buyer, another announcement would be required shortly...hmmm. IF this is the case, it would be quite entertaining to see an intermediate announcement of "Trading Halted"
|
|
|
Post by #NoMoreNeedles on Feb 14, 2018 10:07:46 GMT -5
Someone wanted Deerfield off the boardroom table!?
|
|
|
Post by #NoMoreNeedles on Feb 14, 2018 10:14:34 GMT -5
BlackRock increased their position significantly. JPM more or less out as well. Interesting ...
|
|
|
Post by rockstarrick on Feb 14, 2018 10:51:24 GMT -5
I think we need to get out from under Deerfield as soon as possible. I don’t think they have been very good for MannKind. Sure they are willing to take shares to pay for some debt. But they turn around and sell everything. Thanks for that. I guess on the good side is that if they sell everything they don’t have shares to loan out. I just don’t trust them. Actually, that’s just what they do,, they made good money on those shares. its nothing personal, just business,, they helped us out by taking equity for debt, can’t ask much more than that.
|
|
|
Post by rockstarrick on Feb 14, 2018 10:56:17 GMT -5
I agree about their trustworthiness, CCI. But, their relationship with MNKD was mutual benefit, so they were ok to MNKD. Like others here have said that they provide loans, and MNKD needed that capital. But, they are not investors, but just take stock as payment when they see clear advantage for themselves to do so. If they got $3.25/share, then they won that game. And you are certainly correct about being done with their selling pressure, Peppy. That's good. Hey Chanhart, where did you see that all their shares traded for $3.25? It looks like they may have sold when the sp was $4 to $6 according to some @ ST, I couldn’t tell you for sure, I’m just the Bass Player 🎸😎
|
|
|
Post by ilovekauai on Feb 14, 2018 11:13:47 GMT -5
I'm glad Deerfield is in the rearview mirror. Onwards!
|
|
|
Post by kc on Feb 14, 2018 11:15:51 GMT -5
And a damm good Bass player!
|
|
akil
Newbie
Posts: 21
|
Post by akil on Feb 14, 2018 11:16:48 GMT -5
That explains the recent weeks of depressed prices. It was the selling pressure from the 5%+ being sold by Deerfield. Most probably stabilize back in the 3 - 4 range for a while.
|
|
|
Post by rockstarrick on Feb 14, 2018 11:22:58 GMT -5
That would be nice 👍
|
|