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Post by akemp3000 on Feb 14, 2018 19:41:26 GMT -5
IMO...The idea that both announcements today are minor, insignificant, bad news or simply required historical record keeping transactions is beyond reason. Whatever is going on is likely good news that was no doubt discussed with Dr. Kendall before his departure from Lilly. I can't wait for the next announcement to hopefully find out what's really going on.
I'm sticking with my Sunday post..."I'll go with the likelihood of a partnership or multiple partnerships. Dr. David Kendall probably knows more about diabetes, Afrezza and the global diabetes market than all of us combined and made the decision to jump from a strong background with the ADA and Lilly to Mannkind. He and Mike apparently know things they're not yet telling us. IMO, following flat January scripts, the balance of this 1Q could get very interesting."
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Post by nxc2 on Feb 14, 2018 21:06:16 GMT -5
Why is the price zero for all transactions?
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Post by barnstormer on Feb 14, 2018 21:19:09 GMT -5
Those shares were disposed of (for lack of a better word) some time ago. That's why if you check Institutional Owners of the stock sites Mann Group isn't listed and has not been listed for some time. It's really old news. If they were gifted to heirs then Mann family members would have fewer shares and would probably be more like us retail owners unless they dump/dumped them.
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Post by kc on Feb 14, 2018 21:32:19 GMT -5
Don’t be upset with the Mann Foundation. They rode the roller coaster like the rest of us. The trustees I am sure wanted to see the stock higher and they do want the company to survive. My GUESS is that they also had other holderings in the foundation and that perhaps they offset the losses on the MannKind stock with extremely good gains on the other holdings if. There were other holdings. So for the foundation which has tax consequences this would have been a good move. Maybe i’m Wrong. Long term this might also be a good thing as it does cut the ties further from the Mann Family. Believe me that is probably hard for them as this was Al Mann’s baby. But with ties being cut it sends a clear message to the investment community that the Board of Directors are making decisions that are in the best interest of the shareholders and company. We still have the unknown question of who purchased the 60 million in shares at $6.00. Some party or parties are sitting at below the threshold of 5% ownership unless as many have speculated were purchased by Deerfield for the purpose of making enough to get out with a profit. I really doubt that occurred as they would have had to disclose that ownership as they would have been over the 5% threshold. There is a lot that we don’t know and what ever I say is pure speculation on my part. I have not had the time to review the documents today of Mann Group or Deerfield. I know there is still debt that Deerfield still has so we are not free from them yet. By the time we see these filings they are old and moldy. We don’t really know what institutional holders there are or what %. I know that back in December the Institutional holders were about 10% now it shows back up to 13.5%. But nobody really knows what it is today. Filings are due 90 days from the end of each quarter. By the time we see them they could have sold out or bought it. |
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Post by sportsrancho on Feb 14, 2018 22:52:03 GMT -5
Those shares were disposed of (for lack of a better word) some time ago. That's why if you check Institutional Owners of the stock sites Mann Group isn't listed and has not been listed for some time. It's really old news. If they were gifted to heirs then Mann family members would have fewer shares and would probably be more like us retail owners unless they dump/dumped them. Correct and probably who was selling on every pop months back. Michael K thought it was old retail longs. And yes I was pretty pissed when I first found out about it, but...old news now. Moving forward:-) |
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Post by rockstarrick on Feb 14, 2018 23:17:30 GMT -5
Those shares were disposed of (for lack of a better word) some time ago. That's why if you check Institutional Owners of the stock sites Mann Group isn't listed and has not been listed for some time. It's really old news. If they were gifted to heirs then Mann family members would have fewer shares and would probably be more like us retail owners unless they dump/dumped them. Correct and probably who was selling on every pop months back. Michael K thought it was old retail longs. And yes I was pretty pissed when I first found out about it, but...old news now. Moving forward:-) Yes, this happened between February and June 2017, they weren’t sold or gifted when the stock jumped in October. Probably just filed because of due date. Old news |
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Post by traderdennis on Feb 15, 2018 0:36:36 GMT -5
Don’t be upset with the Mann Foundation. They rode the roller coaster like the rest of us. The trustees I am sure wanted to see the stock higher and they do want the company to survive. My GUESS is that they also had other holderings in the foundation and that perhaps they offset the losses on the MannKind stock with extremely good gains on the other holdings if. There were other holdings. So for the foundation which has tax consequences this would have been a good move. Maybe i’m Wrong. Long term this might also be a good thing as it does cut the ties further from the Mann Family. Believe me that is probably hard for them as this was Al Mann’s baby. But with ties being cut it sends a clear message to the investment community that the Board of Directors are making decisions that are in the best interest of the shareholders and company. We still have the unknown question of who purchased the 60 million in shares at $6.00. Some party or parties are sitting at below the threshold of 5% ownership unless as many have speculated were purchased by Deerfield for the purpose of making enough to get out with a profit. I really doubt that occurred as they would have had to disclose that ownership as they would have been over the 5% threshold. There is a lot that we don’t know and what ever I say is pure speculation on my part. I have not had the time to review the documents today of Mann Group or Deerfield. I know there is still debt that Deerfield still has so we are not free from them yet. By the time we see these filings they are old and moldy. We don’t really know what institutional holders there are or what %. I know that back in December the Institutional holders were about 10% now it shows back up to 13.5%. But nobody really knows what it is today. Filings are due 90 days from the end of each quarter. By the time we see them they could have sold out or bought it. The sixty million dollar purchase was RETAIL Mom and pops buying shares that Deerfield and others who were shorting and used the private placement to cover their short of retail. There is little mystery. That’s why we have not seen a 13d filing of a new five percent holder. |
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Post by mnholdem on Feb 15, 2018 5:44:47 GMT -5
Why is the price zero for all transactions? Code G = bone fide gift |
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Post by contrastock on Feb 15, 2018 6:04:25 GMT -5
If the shares were sold a while back, what about the December vote to authorize MNKD to sell shares? No vote was actually needed since they had enough shares under control to get it to pass. I assumed that most of the shares "under control" were from the mannkind trust.
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Post by myocat on Feb 15, 2018 6:58:45 GMT -5
Now, it explained why institution holder % drop to 16% from 21%.
Al's heirs are like us, they want money and run.
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Post by mnholdem on Feb 15, 2018 7:53:36 GMT -5
Past interviews with Al Mann indicate that his will stipulates that most of his shares would NOT be going to family members. There were a number of medical institutions mentioned, though.
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Post by porkini on Feb 15, 2018 8:46:39 GMT -5
Appears that in the excitement over the initial Form 5 filed by the A. Mann Trust, these additional Form 5's may have been missed by the masses and were filed as well: M. Castagna Form 5C. Barton Form 5Make of them what you will.  |
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Post by dg1111 on Feb 15, 2018 8:49:29 GMT -5
My recollection isn't that clear, but when Mannkind tapped the Mann family line of credit for $25 million last year, there was some talk that the Mann family would sell shares to raise the cash needed to do that. Does anybody else remember it that way? I would think essentially trading shares for debt would still show that they are committed to the company.
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Post by Deleted on Feb 15, 2018 9:25:10 GMT -5
From a tax perspective, shares gifted whose value has gone down are counted as a donation based on acquisition price or value on date of donation? Trying to figure out on 1 year chart of the shares were actually sold (ie SP tanking with big volume flooding market) or if shares were gifted but not sold. Trustees have obligation and may not have any preferential access to company info to make hold or sell decisions. Was Al's wife a trustee in Mann Group?
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Post by kc on Feb 15, 2018 9:29:43 GMT -5
The sixty million dollar purchase was RETAIL Mom and pops buying shares that Deerfield and others who were shorting and used the private placement to cover their short of retail. There is little mystery. That’s why we have not seen a 13d filing of a new five percent holder.
Trader Dennis: I doubt that retail Mom & Pop investors could’ve put together that much juice from a brokerage house to buy $60 million worth of shares. These were bigger buyers than retail. That was proven out t by Kent Kressa buying himself $1,000,000 in shares.
It was not a retail type subscription. It was placed with a few big buyers. |
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