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Post by prcgorman2 on Dec 30, 2018 23:40:13 GMT -5
So with only 2.47M shares left to play with, I would expect that management will once again request the authorization of more shares. That will be quite frustrating. Three ways to raise capital; revenue, debt, and equity. There is no magic.
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Post by longliner on Dec 31, 2018 0:37:46 GMT -5
That will be quite frustrating. Three ways to raise capital; revenue, debt, and equity. There is no magic. I am aware of this and understand our position, I hold out hope that something more positive has transpired than simply the option to issue additional shares to keep the lights on. I'm not interested in magic, just progress that the market embraces.
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Post by akemp3000 on Dec 31, 2018 13:53:33 GMT -5
The companies cash runway was already much improved and Afrezza sales are climbing albeit slowly. Why have an investor conference call on Friday unless there's something more significant to report than mundane details about the recent stock sale? There is no reason for a conference call just to rehash updates on finances and the many other things already known.
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Post by mnkdfann on Dec 31, 2018 13:57:58 GMT -5
The companies cash runway was already much improved and Afrezza sales are climbing albeit slowly. Why have an investor conference call on Friday unless there's something more significant to report than mundane details about the recent stock sale? There is no reason for a conference call just to rehash updates on finances and the many other things already known. There was practically a small shareholder revolt calling for details, which is why I thought the call was called.
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Post by awesomo on Dec 31, 2018 14:02:41 GMT -5
The companies cash runway was already much improved and Afrezza sales are climbing albeit slowly. Why have an investor conference call on Friday unless there's something more significant to report than mundane details about the recent stock sale? There is no reason for a conference call just to rehash updates on finances and the many other things already known. Quite simply, to give us a formal “explanation”, nothing more, nothing less. It will the same rehash of what shareholders that closely follow the stock already know. Expecting some major announcement or development from the call on Friday is just setting yourself up for yet another disappointment. If anything that great was in the short term pipeline, they wouldn’t have blindsided us with this horribly timed and executed raise. They know it, we should know it, and the market knows it from the almost 40% loss of market cap.
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Post by bones1026 on Dec 31, 2018 14:16:15 GMT -5
The companies cash runway was already much improved and Afrezza sales are climbing albeit slowly. Why have an investor conference call on Friday unless there's something more significant to report than mundane details about the recent stock sale? There is no reason for a conference call just to rehash updates on finances and the many other things already known. AKemp- Always appreciate your posts. “Why have a CC if nothing significant to address” 1) Mike has no choice but to address this apparent disaster raise immediately 2) I have sat through numerous calls that provide no substance, rather just the same “mundane references” and promises.
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Post by #NoMoreNeedles on Dec 31, 2018 14:16:58 GMT -5
Shareholder revolt like at Synergy likely to happen in 2019
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Post by mango on Dec 31, 2018 16:03:21 GMT -5
Shareholder revolt like at Synergy likely to happen in 2019 I think so. We aren’t looking for no trouble So if you trouble We give it to you double
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Post by gcozz on Dec 31, 2018 16:25:19 GMT -5
The companies cash runway was already much improved and Afrezza sales are climbing albeit slowly. Why have an investor conference call on Friday unless there's something more significant to report than mundane details about the recent stock sale? There is no reason for a conference call just to rehash updates on finances and the many other things already known. Just some speculation on my part: 1. Brazil hasn't closed in Q4 as predicted by MC. 2. Brazil is a single payer country. 3. Brazil requires that product pipeline (inventory, etc.) must meet some minimum that they define before they will approve. 4. MNKD needs cash they hadn't budgeted in order to get there.
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Post by babaoriley on Dec 31, 2018 16:26:19 GMT -5
They couldn't even get the name of the call right in the NR: they meant to write: "MannKind to Hold Irate Investor Conference Call."
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Post by akemp3000 on Dec 31, 2018 16:40:53 GMT -5
Thanks for sharing perspectives. This is one conference call where I have no expectations or clue going in. I am anxious to hear Mike lay out plans for 2019 and his reasoning. The one puzzling thing to me is believing that Mike knew what would happen to the stock with the recent sell. He also knew that he had only recently stated no further dilution was expected in the near term. This leads me to think something new and interesting may be up. Whether it's good or bad is anyone's guess. I agree it will be bad if this is simply a rehash of what's already known.
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Post by seanismorris on Dec 31, 2018 16:48:15 GMT -5
Thanks for sharing perspectives. This is one conference call where I have no expectations or clue going in. I am anxious to hear Mike lay out plans for 2019 and his reasoning. The one puzzling thing to me is believing that Mike knew what would happen to the stock with the recent sell. He also knew that he had only recently stated no further dilution was expected in the near term. This leads me to think something new and interesting may be up. Whether it's good or bad is anyone's guess. I agree it will be bad if this is simply a rehash of what's already known. Or, Mike figured it’s easy to ask for forgiveness than permission... (or state his intention)
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Post by mytakeonit on Dec 31, 2018 17:20:54 GMT -5
Well it gives those loyal employees with huge salaries a chance to get the shares they deserve ... and it will help them stay loyal.
HAPPY NEW YEAR !!!
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Post by prcgorman2 on Dec 31, 2018 17:34:30 GMT -5
I see a lot of Monday morning quarterback posts from folks with few posts and names I don't recognize. I agree the dilution was a surprise (to me - probably not to the key folks who drove the short interest past 30%), and I don't expect a good news story from Mike on Friday. Many of us expected there was a material cash infusion from the United Therapeutics deal, and should have been "good to go" into 1Q. I think if we had encountered a material setback there would have been a filing. So, not sure what to expect, but the cries of "horrible timing" and revolt look like fake long posts on Yahoo! Conversations.
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Post by awesomo on Dec 31, 2018 17:42:02 GMT -5
You don’t think dropping a shelf offering onto shareholders right before going on vacation for the holidays is horrible timing?
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