These people make money doing this!! Remarkable, I can understand some confusion on message boards, but these touts are supposed to know something. Just goes to show.

"The Mann Group LLC will cancel $224.6 million in debt MannKind owes it. lfred Mann is MannKind's largest shareholder by far, with a nearly 42 percent stake." No excuse for someone who holds themselves out as an expert or at least a tout to state something like that. Of course, they had to try to cover up their recent foolish advice - it's all pretty sickening.

"Either the Company is a flat out joke and they're just using as a money making machine to sell stock and make money, or these guys believe so much in the future of frezza that their initial stake in the Company just isn't enough and they want more." Am I to understand that they just recommended the stock and now they say this? Is this guy publishing from Federal prison?

As for the deal, now that I've had a chance to read it, it's not so bad at all - I think BobW's initial conclusion early today is essentially correct. The only issue I have with it, is the constant chatter about creative financing - now, I think it's somewhat gracious of Al Mann to buy his stock at $2.59, and to make available sums paid down on the LOC for future borrowing, but is that creative? No, not in any way shape of form. I suppose that by holding the "creative" carrot out there, the stock managed to stay higher than it otherwise would have, thus enabling a price of $2 per unit, rather than, say, $1.75, so that's good, on balance.

By the way, I cancelled my .52 warrant order last night, replaced it this morning at .50 which was the nominal price at the time, but it did not get executed, notwithstanding that the warrant closed at .49 - not unusual, just remarking.

Like OPC, I'll be looking to sell some puts.