I have often asked myself why a major pharmaceutical company does not buy shares on the open market if Afrezza has so much potential.There is something that I am not understanding.

As to your question of a partner buying the newly issued shares: if more than 14 million shares were purchased by a single entity, they would have more than 5% of the ownership.In this case, they would have to file form 13D within 10 days.

I don't think Mannkind can tell you, other than during the conference call, if someone bought a large block of shares because this would be material non-public information.In any event, we will soon know if someone made a large purchase.

-----------------------------------------------------------------------------

Schedule 13D

Schedule 13D is commonly referred to as a “beneficial ownership report.” The term "beneficial owner" is defined under SEC rules. It includes any person who directly or indirectly shares voting power or investment power (the power to sell the security).

When a person or group of persons acquires beneficial ownership of more than 5% of a voting class of a company’s equity securities registered under Section 12 of the Securities Exchange Act of 1934, they are required to file a Schedule 13D with the SEC. (Depending upon the facts and circumstances, the person or group of persons may be eligible to file the more abbreviated Schedule 13G in lieu of Schedule 13D.)

Schedule 13D reports the acquisition and other information within ten days after the purchase. The schedule is filed with the SEC and is provided to the company that issued the securities and each exchange where the security is traded. Any material changes in the facts contained in the schedule require a prompt amendment. The schedule is often filed in connection with a tender offer.

You can find the Schedules 13D for most publicly traded companies in the SEC’s EDGAR database. You can learn how to use EDGAR to find information about companies. You can find an HTML version of the Schedule and download a PDF version for easier printing.

http://www.sec.gov/answers/sched13.htm