Andy,
When you send a current through a voice coil immersed in a magnetic field, a force results which moves the voice coil, former and cone of the speaker. Broadly called a transducer, this changes electrical signals into comprressions and rarefactions in the air around the cone.
This assembly has mass, and thus inertia and when moving, momentum.
So, if you excite the speaker with a pulse, it moves. It's extremely inefficient (around 0.25% typically) but it works well.
If now the pulse ends, the speaker voice coil, former and cone continue to move for a short time until they are brought to rest by the suspension of the cone assembly.
This overshoot produces a voltage across the voice coil, which obviously is impressed back upon the speaker terminals, and ultimately, to the feedback node of a global feedback amplifier.
A Magneplanar has a planar voice coil and 'cone', but the effect is the same. This is a purely electromechanical phenomenon, and related to the principle of regenerative braking in an hybrid electric vehicle, where power is applied to the motor in the wheels to move the vehicle, and then extracted and fed back to the battery when the brakes are applied, with the motor used regeneratively as a generator.
The second effect is due to voice coil inductance, which causes phase shift between the applied voltage and the resulting current. This phase shift is again impressed upon the amplifier, which has to deal with this as well as the back emf, which is much, much slower.
It is my contention that the amp has serious trouble with this task, because at audio frequencies the phase shifts in the amp are far less than in the speaker due to its inductance and the crossover reactances, and the application of a fb signal which is considerably delayed electromechanically or phase shifted will disturb the way in which fb functions, chiefly impacting on the stability of the amplifier feedback loop. All this causes what is sometimes referred to as 'time smear distortion'.
For this reason, a zero global fb amp often sounds somehow more 'natural' than one with global feedback when both are used with a traditional electrodynamic speaker. But these sorts of amps do have other problems, damping factor, for one.
I invite comment from others more qualified than I on this vexed issue.
Cheers,
Hugh