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Post by ashiwi on Jul 7, 2014 5:04:42 GMT -5
Is released Thursday July 10 after the close. Should be interesting as it will include the Friday of the FDA approval.
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Post by ezrasfund on Jul 7, 2014 8:59:26 GMT -5
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Post by babaoriley on Jul 7, 2014 9:54:53 GMT -5
That deal was apparently done in 2010. Pretty long ago. The agreement might have been amended without public notice, but would be in filings. Also, the $10.20 price may well have been adjusted due to dilution since then, as if often the case. If so, the price would be lower, I believe, so it's possible MNKD could have been able to redeem the notes already, had they so elected. Before approval, I would not have thought that they'd want to redeem, perhaps now.
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Post by garrett on Jul 9, 2014 17:27:39 GMT -5
I don't think the short interest will have changed that much. The stock is still "HTB" at TD Ameritrade and through all the past binary events the shorts seem to find (or create) the volatility they need. I think they are looking forward to the period between partnership announcement and first quarter P&L results to break the stock down.
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Post by obamayoumama on Jul 9, 2014 20:09:23 GMT -5
1. The short interest is based on trade date and will show the 30 th numbers. 2. I spoke to Matt about the convertible. If the stock is above $10.20 for 20 of 30 days, then MNKD can force the conversion of the debt. Once the debt is converted, they can call the shares from Merrill. Remember that MNKD would owe more than the 9 million shares for the converts. Matt said that it is MNKDs choice if they force the conversion. Right now the holders of the debt would rather not convert. The holders of the converts are expressing an interest in renegotiating the convert. Maybe even a lower interest rate and a higher conversion rate might be possible. Higher conversion rate would be less dilutive.
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Post by ezrasfund on Jul 9, 2014 21:11:05 GMT -5
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Post by 4allthemarbles on Jul 9, 2014 21:16:19 GMT -5
1. The short interest is based on trade date and will show the 30 th numbers. 2. I spoke to Matt about the convertible. If the stock is above $10.20 for 20 of 30 days, then MNKD can force the conversion of the debt. Once the debt is converted, they can call the shares from Merrill. Remember that MNKD would owe more than the 9 million shares for the converts. Matt said that it is MNKDs choice if they force the conversion. Right now the holders of the debt would rather not convert. The holders of the converts are expressing an interest in renegotiating the convert. Maybe even a lower interest rate and a higher conversion rate might be possible. Higher conversion rate would be less dilutive. This is something I have been kicking around with another MNKD investor. I have seen a few posts talking about (special dividends, short squeeze, beating up the shorts, etc). I bring that up because, as much as much as Al would like to reward the supporters and punish the bashes/ shortens/etc.) this is still a business. I bring that up because sometimes sometimes, every once in a while, people forget how good of a businessman Al Mann truely is. Everyone cracks jokes (especially on crazy reverse day) but this man Has already changed the world. A man that has changed the world does not want to dilute anything he doesn't have to. Just saying. If it makes sense to get it back, they will. He will.
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Post by obamayoumama on Jul 9, 2014 22:36:34 GMT -5
I have access to a Bloomberg Terminal. I remember it being the trade date of the 30th. One way to double check is see what the average daily volume during the period is. It should match up to get the short interest ratio. I can look tomorrow on the Bloomberg.
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Post by alethea on Jul 10, 2014 12:35:40 GMT -5
FINRA member firms are required to report their short positions as of settlement on (1) the 15th of each month, or the preceding business day if the 15th is not a business day, and (2) as of settlement on the last business day of the month.* The reports must be filed by the second business day after the reporting settlement date. FINRA compiles the short interest data and provides it for publication on the 8th business day after the reporting settlement date.
The above is taken directly from the NASDAQ website. Settlement usually takes three trading days. That means that the last trading day reflected in the June 30 short interest report will be June 25.
Thus tonight's new short interest figures will NOT reflect the 48M and 39M shares trade on June 30 and 27 respectively. I suspect the manipulators covered their oldest shorts hard and heavy on the 27th and 30th. Since then I believe they are shorting heavily to create the perceptin of a significant period of seeming disinterest and total lack of momentum for the stock. This is exactly what they did a year ago last August when the Phase III trial results were released.
Hang on to your shares and don't mess with near-term options. Need to be patient for partnership aannouncement and perhaps even a couple months longer.
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Post by bospenc on Jul 10, 2014 15:07:08 GMT -5
Down 2 million
67,874,816
69,425,357
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Post by BD on Jul 10, 2014 16:05:44 GMT -5
Baby steps, lol
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Post by chmith27 on Jul 10, 2014 17:04:56 GMT -5
FINRA member firms are required to report their short positions as of settlement on (1) the 15th of each month, or the preceding business day if the 15th is not a business day, and (2) as of settlement on the last business day of the month.* The reports must be filed by the second business day after the reporting settlement date. FINRA compiles the short interest data and provides it for publication on the 8th business day after the reporting settlement date.The above is taken directly from the NASDAQ website. Settlement usually takes three trading days. That means that the last trading day reflected in the June 30 short interest report will be June 25.
Thus tonight's new short interest figures will NOT reflect the 48M and 39M shares trade on June 30 and 27 respectively. I suspect the manipulators covered their oldest shorts hard and heavy on the 27th and 30th. Since then I believe they are shorting heavily to create the perceptin of a significant period of seeming disinterest and total lack of momentum for the stock. This is exactly what they did a year ago last August when the Phase III trial results were released.
Hang on to your shares and don't mess with near-term options. Need to be patient for partnership aannouncement and perhaps even a couple months longer. near term options could be advantageous tho. they are cheap (no time decay issue) but if you believe in a near term partner, it might be worth the risk to buy a call just a month or two or three out. mainly just cuz they are cheap. i did but i'm nothing more than a gambler. i'm past the denial stage and now into acceptance.
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Post by obamayoumama on Jul 10, 2014 21:29:08 GMT -5
I believe you are mixing up settlement date to deliver share vs. trade settlement. I added up the volume of the days including the 30th and it equal the average daily volume shown for that period. The days to cover are calculated based on the time frame including the 30 th. hope this clears up the confusion.
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Post by noonen on Jul 11, 2014 0:22:56 GMT -5
I have access to a Bloomberg Terminal. I remember it being the trade date of the 30th. One way to double check is see what the average daily volume during the period is. It should match up to get the short interest ratio. I can look tomorrow on the Bloomberg. Obamayoumama, what happens when you go to the SI page? Is there a way to click on anything on that screen to get more detail about the largest short positions? Haven't been in front of a bloomberg in 10+ years, but seem to recall seeing more position detail than just the aggregate short interest reported on nasdaq. I may be partaking in some revisionist history, so if I am making this up nevermind..
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Post by obamayoumama on Jul 11, 2014 18:02:13 GMT -5
Yes you go the the SI page, you then need to go to the table, the first page is the Graphs.
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