|
|
Post by mytakeonit on Mar 29, 2019 20:54:23 GMT -5
See peppy ... I told you that charts make no sense.
And as for women ... sports said "My take on it is you and Joey better watch what you say to us women because we will just say “fine” and sell our shares. And by the way, fine is a whole sentence in itself! Lol🤣"
And as for the "woman" in my life who took control of my day trading accounts for a couple of months ... and lost it all. I said "Fine".
|
|
|
|
Post by uvula on Mar 29, 2019 21:02:05 GMT -5
Trying to find something positive to say. This is all I could come up with.
Mike could have issued the S3 after the ASM and been silent for months. Since this was done now he will be forced to explain what is going on at the ASM. He would have waited if he was intending to screw us.
|
|
|
|
Post by falconquest on Mar 29, 2019 21:26:59 GMT -5
See peppy ... I told you that charts make no sense. And as for women ... sports said "My take on it is you and Joey better watch what you say to us women because we will just say “fine” and sell our shares. And by the way, fine is a whole sentence in itself! Lol🤣" And as for the "woman" in my life who took control of my day trading accounts for a couple of months ... and lost it all. I said "Fine". I take pity on your soul. Forgive him father for he knows not what he does..... |
|
|
|
Post by rossomalley on Mar 29, 2019 21:27:50 GMT -5
Trying to find something positive to say. This is all I could come up with. Mike could have issued the S3 after the ASM and been silent for months. Since this was done now he will be forced to explain what is going on at the ASM. He would have waited if he was intending to screw us. I don’t think he could have waited, since the last S3 is expiring in April. The big question is whether we will now see an amended proxy which includes a share authorization request. My money is on April 9th if we do. |
|
|
|
Post by markado on Mar 29, 2019 21:33:53 GMT -5
If all of the previous shares were spoken for, then without offering additional shares, how would the company entertain a buy-in? Hypothetically speaking, what if someone was willing to buy 25% of MNKD for $500M. That would value the whole company, initially, thereafter at $2B. Shares would have to go up to 373,000,000, outstanding, or some equivalent thereof, and the PPS would be $5.36. BUT, at that value, approximately 50% or more of the short position would be eradicated, instantly, putting a need to cover approximately 20M shares into play overnight. That might generate a squeeze that further lifts the PPS, benefitting all parties concerned - except the shorts, of course.
I'm not saying this is going to happen. But, I do believe that sometimes you need to put pieces into play to win the chess match.
I'm in. I'm not worried. And, we're not just invested in the best insulin in the world, but in THE INHALER TECH of the 21st century, according to M R of UTHR. I just hope to see a much higher value to my investment well before 2099.
|
|
|
|
Post by akemp3000 on Mar 29, 2019 21:52:42 GMT -5
Those who are bitter and frustrated are certainly free to either stay or move on. There are plenty of us who will remain here to pick up the pieces. You either have faith that MC knows what he's doing or not. I'm not saying one is right and the other is wrong because I don't know, simply that it appears time for many to make this decision. IMO, Mike is far more qualified than most everyone here to make decisions in the best interest of the future of this company. I'm staying with him and will vote accordingly.
|
|
|
|
Post by boca1girl on Mar 29, 2019 22:14:51 GMT -5
If all of the previous shares were spoken for, then without offering additional shares, how would the company entertain a buy-in? Hypothetically speaking, what if someone was willing to buy 25% of MNKD for $500M. That would value the whole company, initially, thereafter at $2B. Shares would have to go up to 373,000,000, outstanding, or some equivalent thereof, and the PPS would be $5.36. BUT, at that value, approximately 50% or more of the short position would be eradicated, instantly, putting a need to cover approximately 20M shares into play overnight. That might generate a squeeze that further lifts the PPS, benefitting all parties concerned - except the shorts, of course. I'm not saying this is going to happen. But, I do believe that sometimes you need to put pieces into play to win the chess match. I'm in. I'm not worried. And, we're not just invested in the best insulin in the world, but in THE INHALER TECH of the 21st century, according to M R of UTHR. I just hope to see a much higher value to my investment well before 2099. 2099 is a long ways away. I know I won’t be around in 2099. 😎 I hope you meant 2019! |
|
|
|
Post by tugman on Mar 29, 2019 22:38:55 GMT -5
The SIZE?
Please, can anyone here she’d light on a similar offering on a different stock?
The street, or my limited understanding of the street, tells me the market likes big offerings if the story behind it is good.
Waiting for the story but WOW, this is big...
Anyone?
|
|
|
|
Post by ktim on Mar 29, 2019 22:54:30 GMT -5
This does not mean that any shares will be sold. Most companies have this avenue to acquire cash if they need it. Smart move if you ask me. But, that's mytakeonit Oh, you are so cute. That was exactly what was said the last 140 million shares. I almost missed you were being sarcastic |
|
|
|
Post by batdoc31 on Mar 29, 2019 23:12:05 GMT -5
All,
This is nothing more than an expired s3 shelf. This is the replacement of that previously issued shelf and is nothing new. We (including myself) freaked out because nothing surprises us anymore and I feel like long term shareholders deserve a medal (given what we’ve gone through) but I really believe the worst is behind us and that this will end up being the best investment I’ve ever made in my life!
|
|
|
|
Post by cedafuntennis on Mar 29, 2019 23:18:19 GMT -5
"It is true that prior management royally screwed up. Even an amateur such as myself can see that in my 20/20 hindsight." - I've been very vocal about the screw ups of the prior management right at that time and so were others. But those stupid, are not stupid enough if they are not cocky too. Water under the bridge now and I for one am very happy with Mike. He may want to consider radio advertising to stretch his advertising dollars. There are plenty of medical devices or medications on the radio we could join. |
|
|
|
Post by racedog on Mar 29, 2019 23:36:54 GMT -5
Are these the 3 most likely scenarios?
1. They are just re-upping the previous 3 year shelf because it is S.O.P. since the old one is expiring- most likely what this is all about....much ado about nothing
2. They are preparing for a buy-in - sounds great, but I doubt the time is now...could be a preparation for potential within the next 3 years?
3. This is a precursor to more dilution - I think unlikely in the long run by the way the filing is written
|
|
|
|
Post by mytakeonit on Mar 30, 2019 1:37:16 GMT -5
This does not mean that any shares will be sold. Most companies have this avenue to acquire cash if they need it. Smart move if you ask me. But, that's mytakeonit Oh, you are so cute. That was exactly what was said the last 140 million shares. I almost missed you were being sarcastic Okay add another to the shorts list. BTW, what I said is the truth. Nothing sarcastic involved. Believe it, or hit the sell button. |
|
|
|
Post by morfu on Mar 30, 2019 2:48:32 GMT -5
Aww.. can anyone put this into Laymen terms please.. What is a S3, are the 1.60$ Warrants still executed? What about the 2.38$ ones? Where do these shares come from? Is a dilution of this magnitude not put to a vote by the shareholders? Does management need any justification before stealing our property? (the 20% dilution before Christmas was already criminal in my opinion) Whats going on here?
This whole thing revolves around registration. To sell shares (or warrants) publicly they need to be registered and then they can be sold through the exchanges. There are a lot of restrictions around selling unregistered shares. The S3 is the authorization to register up to a certain value of these. The $1.60 warrants are still executing, however registration means they can be publicly traded as well (currently they can only be privately traded). This makes the warrants a lot more valuable. This does nothing with the $2.38 warrants. These are not shares, this is the authority to sell shares up to a certain value. Right now it's immaterial because the shares don't exist to sell, other than the likely return of the shares underpinning the $2.38 warrants. Yes, the management requires your one time authorization. Later it will require you to ok the number of shares in the company so it has something to sell. The existing shelf filing is expiring, these things have a fixed life and value, and this filing resets both the clock and the available value. This excerpt from the Dec 2018 PR might help, " The securities described above are being offered by MannKind pursuant to a shelf registration statement on Form S-3 (No. 333-210792) previously filed by MannKind with the Securities and Exchange Commission (SEC) on April 18, 2016 and declared effective on April 27, 2016." That is Mannkind giving the source of their authority to sell the shares, they already had the actual shares from within the 280M cap. Hmm thx for trying to explain it.. not sure if I understand .. There are about 26mil 1.60$ warrants in private hands. They now register the shares for it?
Why dont they take it from that big pile of shares they requested last year? Any why did they needed to request them if they not can just register shares without a shareholder vote?
And again, I dont see a benefit for a shareholder in either of these registration! If there is no need for money, do not dilute the stock! If there is a need for money, only dilute the stock as a very last option! I feel bled out (twice within a few months)
|
|
|
|
Post by hellodolly on Mar 30, 2019 6:36:36 GMT -5
Eight hours sleep and I'm back. So, I feel like I did last night, confident.
I'm invested in a few biotechs that have zilch, zero, nada and you all know (because you do too) they do this all the time. I get it...this is different, we have a product but, it's moving out slowly and still hasn't gained the traction that can make this company profitable...yet. I believe in Mike and I believe this shelf registration gives him what he feels he needs to keep MNKD afloat. Afloat in order to make more deals, create more partnerships which will generate more cash which in turn will make MNKD profitable with or without Afrezza. But, I do believe we have the best insulin out there and social media makes a good argument for me on that point. I think Mike will have a satisfactory explanation at the ASM, as this has now become the focus along with Afrezza, United, Brazil, Technosphere, India, etc. There is a lot going on that keeps Mike busy.
I do hope they address the compensation however, there are two sides to that argument of which it depends on which side you stand? Using compensation as an incentive to hire and retain the best talent or average to less than your peers to hire average or less than the best talent. I think Mike has gone out to try and hire the best in order to lay the foundation from the ground up and rebuild MNKD. Do we need to go back to the days of Hakkan. I don't even want to think of those days ever coming back again.
|
|
