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Post by mnkdfann on Aug 4, 2018 0:13:13 GMT -5
Except it wasn’t record scripts. Sanofi still had better script weeks. 🙁 You can compare Sanofi giving out free samples to mnkd selling 6 month scripts. It’s all about the revenue which was 22.6% higher than last week and by far a record number I was merely commenting on the tweet. If record revenue was what he meant, that's what he should have said. Not record scripts. |
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Post by bilyblob on Aug 4, 2018 7:36:56 GMT -5
In some ways im relieved,this nations long nightmare might finally be over,its sink or swim time folks,invested right after approval,hopes dreams and desires look like they'll be crushed,but im single (if i WAS married my wife woulda tenderized my head with her rolling pin a long time ago) didnt invest the kids college fund,will lose a little over half the portfolio,oh well,i did it once,i can do it again,live n learn,used money i made from stocks i bought in 09 when everyone was selling,stayed away from bio but felt SURE this was a better mousetrap,i take advair,thought for sure inhaling was the way to go and KNOW that to be the one truth to having diabetics live a somewhat mormal life, (or as close as they can with whats on the shelf with cgms) just a damn shame,hopin some rich billionaire put his teenage son on it and will do the world a favor and not let this company die,kinda like a humanatarian act with a maybe potential payoff in the end (and thats a BIG maybe) but with that not bein his main motivation,deff been a long strange trip its been,been wanting sell and move around some stocks and use future mnkd cap losses to offset my gains,just didnt think it was right around the corner,the only caveat to this fiasco,only drag is im 52 and wont have enough life left in me to use up all those cap losses,only way it could get worse fr me now is if rising qoutes me in some of his diatribe,then and ONLY then might i find sweet relief with some cold blue steel pressed againt my temple
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Post by matt on Aug 4, 2018 7:56:36 GMT -5
The bottom line is that after these results I think there is a big dilution coming and I am probably not the only one that thinks that judging by the stock price. It is the only realistic way to raise the money to get through the end of the year that I can see. Personally I would rather they did as much of this as possible through the ATM because I think that is where the best price is. Cash at the end of June was $26 million, cash burn during Q2 was $27 million. The math from there is pretty easy. There are things the company can do to delay the inevitable, like increasing accounts payable and limiting expenditures, but some items need to be paid with cash as they fall due (like payroll and employment taxes). While Mike likes to talk about non-dilutive financing sources, he is out of time to find one and the company will have to raise cash. There is no way around it. The ATM is a double-edged sword in that those shares hit the market the same day they are sold, and typically this creates a company initiated death spiral as the new shares hitting the bid reduce the price even more. Ditto obtaining a waiver on the Deerfield debt covenants since Deerfield has shown itself to be a very short term holder of the stock and possibly even shorting in anticipation of receiving stock. That too reduces the price, so it comes down to whether it is better to do a large PIPE and take all the pain at once, or dribble the shares out and risk death by a thousand cuts. Mike can say that he has no plans for bankruptcy, no management team ever does until they suddenly do, but I am not sure that is a responsible comment to make. The fact is that as of this 10Q, shareholder equity was a negative $207 million meaning the company meets one of the legal definitions for bankrupt in the State of Delaware (and has for years). So far the creditors have gone along with that but it only takes three disgruntled creditors owed an aggregate of $10K to put the company into bankruptcy court where the future course of action is not within management's control. Raising cash takes that risk off the table for a while. |
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Post by akemp3000 on Aug 4, 2018 8:01:44 GMT -5
The talk of MNKD failing is garbage. Based on his comments, Mike has a plan regarding cash. We just don't know what it is. Hopefully, we'll hear in the next week or two. The flash crash yesterday was an anomaly that was not based on any negative news but more likely typical wall street corruption which should come as no surprise to MNKD longs. IMO, Mannkind and Afrezza will continue to move forward, scripts and cash will rise and the pps will recover just as fast as it dropped. The chairman of the board did not invest a million of his own cash at $6 a share with the possibility it might vaporize in the coming months. This story is about to enter a new chapter and it won't be seven or eleven.
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Post by bilyblob on Aug 4, 2018 8:21:04 GMT -5
Just to be clear,am holding no matter what,but cant count the many ways this company has dissapointed me in so many diff ways,"position of strength" had me holding my head in shame,i think mike is smart and if he pulls this off it will be a case study in bs classes for yrs to come,but since i've been invested so long the stress this company has givin me over the years has takin yrs off my life,if the company survives ill need a few of their technospere formulations to keep me alive to enjoy the money i will make,but like i said,i take advair amongst other things (wink wink) so im good with inhaling,since mgt is always so tightlipped about their plans at least with the cash crunch they will be FORCED to show there hand,rip the freakin BANDAID off ALREADY God dammit!!!!
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Post by mnkdfann on Aug 4, 2018 8:29:02 GMT -5
In some ways im relieved,this nations long nightmare might finally be over,its sink or swim time folks,invested right after approval,hopes dreams and desires look like they'll be crushed,but im single (if i WAS married my wife woulda tenderized my head with her rolling pin a long time ago) didnt invest the kids college fund,will lose a little over half the portfolio,oh well,i did it once,i can do it again,live n learn,used money i made from stocks i bought in 09 when everyone was selling,stayed away from bio but felt SURE this was a better mousetrap,i take advair,thought for sure inhaling was the way to go and KNOW that to be the one truth to having diabetics live a somewhat mormal life, (or as close as they can with whats on the shelf with cgms) just a damn shame,hopin some rich billionaire put his teenage son on it and will do the world a favor and not let this company die,kinda like a humanatarian act with a maybe potential payoff in the end (and thats a BIG maybe) but with that not bein his main motivation,deff been a long strange trip its been,been wanting sell and move around some stocks and use future mnkd cap losses to offset my gains,just didnt think it was right around the corner,the only caveat to this fiasco,only drag is im 52 and wont have enough life left in me to use up all those cap losses,only way it could get worse fr me now is if rising qoutes me in some of his diatribe,then and ONLY then might i find sweet relief with some cold blue steel pressed againt my templeAs investment exit strategies go, that one sounds a little extreme. |
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Post by hellodolly on Aug 4, 2018 8:30:48 GMT -5
This link eventually led me to a classic Johnny Carson and Jackie Gleason "Tonight Show" piece after I navigated around the original music. LOL |
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Post by bilyblob on Aug 4, 2018 8:47:54 GMT -5
That option has NOTHING to do with investment exit strategies,read the sentance before it
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Post by bilyblob on Aug 4, 2018 8:49:06 GMT -5
See,i can use ITALICS just as good as rising!
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Post by mnkdfann on Aug 4, 2018 9:18:32 GMT -5
That option has NOTHING to do with investment exit strategies,read the sentance before it I'll go out on a limb and say it also seems an extreme response to being quoted (by risingskep). |
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Post by mnkdfann on Aug 4, 2018 9:22:19 GMT -5
See,i can use ITALICS just as good as rising! |
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Post by bilyblob on Aug 4, 2018 9:26:51 GMT -5
I agree,just joshin,dont everybody get their panties in a bunch,shouldnt even have acknowledged his existence,thats what he craves, my only thoughts were it would only be icing on the cake of an already bad situation,recently lost some dough on sune energy,found out bout that on this board with someone comparing sune with mnkd a few yrs back and thought if mannkind was a winner so should sune,well not enough time has passed so that wound is still fresh and now with mannkind im sayin.."hmmm,where have i seen this before...."
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Post by mnkdfann on Aug 4, 2018 9:36:57 GMT -5
I agree,just joshin,dont everybody get their panties in a bunch, shouldnt even have acknowledged his existence,thats what he craves, Like whistlin past the graveyeard, or saying 'Candyman' 5 times while looking in a mirror. |
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Post by bilyblob on Aug 4, 2018 9:41:50 GMT -5
I agree,just joshin,dont everybody get their panties in a bunch, shouldnt even have acknowledged his existence,thats what he craves, Like whistlin past the graveyeard, or saying 'Candyman' 5 times while looking in a mirror. Maybe more like salt in a wound,not icing,better yet lemon juice |
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Post by traderdennis on Aug 4, 2018 9:56:07 GMT -5
The talk of MNKD failing is garbage. Based on his comments, Mike has a plan regarding cash. We just don't know what it is. Hopefully, we'll hear in the next week or two. The flash crash yesterday was an anomaly that was not based on any negative news but more likely typical wall street corruption which should come as no surprise to MNKD longs. IMO, Mannkind and Afrezza will continue to move forward, scripts and cash will rise and the pps will recover just as fast as it dropped. The chairman of the board did not invest a million of his own cash at $6 a share with the possibility it might vaporize in the coming months. This story is about to enter a new chapter and it won't be seven or eleven. You are assuming kresa can make no mistakes or get sucked in during the run up? As for no news the flash crash was a delayed reaction to 2nd quarter earnings and the amount of cash on hand. The price settled around 1,15 which in my opinion will be the price per share of an upcoming pipe |
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