Warrants and ADA in June

[Clement]

reminder 

ADA --- June 12 -16

warrants expire --- June 26

The order of events was planned this way simply by accident, I suppose.  ;-)

[cedafuntennis]

How many warrants are there? Strike was $1.6?  I do not believe in MNKD conspiracy theories any longer and I am not sure that the few warrants outstanding would have a major impact on the price. MNKD cannot control the share price even if they wanted, so I for one, highly doubt that anything comes out of this, except possibly a DROP in price after those who were betting on such a positive event out of the ADA does not pan out. Buy the rumor...  So hope I am wrong for 50k reasons.

[tingtongtung]

May 28, 2020 12:34:33 GMT -5 Clement said:

reminder 

ADA --- June 12 -16

warrants expire --- June 26

The order of events was planned this way simply by accident, I suppose.  ;-)

What does that mean? Sorry, I'm a little out of touch.

[nemzter]

May 28, 2020 12:34:33 GMT -5 Clement said:

reminder 

ADA --- June 12 -16

warrants expire --- June 26

The order of events was planned this way simply by accident, I suppose.  ;-)

DILUTION --- July 1st, thanks MC!

[cretin11]

May 28, 2020 14:41:46 GMT -5 tingtongtung said:

May 28, 2020 12:34:33 GMT -5 Clement said:

reminder 

ADA --- June 12 -16

warrants expire --- June 26

The order of events was planned this way simply by accident, I suppose.  ;-)

What does that mean? Sorry, I'm a little out of touch.

You're not missing anything here.  cedafuntennis is correct.

[Deleted]

May 28, 2020 14:56:56 GMT -5 cretin11 said:

May 28, 2020 14:41:46 GMT -5 tingtongtung said:

What does that mean? Sorry, I'm a little out of touch.

You're not missing anything here.  cedafuntennis is correct.

December 26, 2019 Warrants were split.  The holder exercised about 5M shares at a lower price ($1.31) and requested from MNKD to extend the deadline 6 months.  MNKD extended 7.25M Shares expiring June 26th at the price of $1.60.  So if they get taken out it will give MNKD another Qtr's worth of capital.  Reason for the recent run up to $1.60. 

[buyitonsale]

The only way warrants will be exercised by current holder is if the share price is over strike price. I am basing this on the fact that they would have let them go in December if strike was not lowered. They are not intersected in investing long term.

Or MNKD negotiates with holder again and lowers the strike price prior to expiration, I speculate that may be in the works.

I am sure holder is interested, because 7 Million shares even at 10 cents profit is a lot of money.

Worst case scenario is the holder will short shares as soon as they lock a favorable strike price.

That is fine by me, as the capital is #1 priority at this stage.

[cedafuntennis]

that would be idiotic for Mike to do, but it would not be the first idiotic move

[agedhippie]

May 28, 2020 16:24:32 GMT -5 @chuckbass said:

May 28, 2020 14:56:56 GMT -5 cretin11 said:

You're not missing anything here.  cedafuntennis is correct.

December 26, 2019 Warrants were split.  The holder exercised about 5M shares at a lower price ($1.31) and requested from MNKD to extend the deadline 6 months.  MNKD extended 7.25M Shares expiring June 26th at the price of $1.60.  So if they get taken out it will give MNKD another Qtr's worth of capital.  Reason for the recent run up to $1.60. 

I love that "requested from MNKD". Makes it sound like Mannkind had an option.

[goyocafe]

May 28, 2020 22:01:11 GMT -5 agedhippie said:

May 28, 2020 16:24:32 GMT -5 @chuckbass said:

December 26, 2019 Warrants were split.  The holder exercised about 5M shares at a lower price ($1.31) and requested from MNKD to extend the deadline 6 months.  MNKD extended 7.25M Shares expiring June 26th at the price of $1.60.  So if they get taken out it will give MNKD another Qtr's worth of capital.  Reason for the recent run up to $1.60. 

I love that "requested from MNKD". Makes it sound like Mannkind had an option.

Spin! Spin! Spin!

The Byrds

To everything (spin, spin, spin)

There is a season (spin, spin, spin)

And a time to every purpose, under heaven

A time to be born, a time to die

A time to plant, a time to reap

A time to kill, a time to heal

A time to laugh, a time to weep

To everything (spin, spin, spin)

There is a season (spin, spin, spin)

And a time to every purpose, under heaven

A time to build up, a time to break down

A time to dance, a time to mourn

A time to cast away stones, a time to gather stones together

To everything (spin, spin, spin)

There is a season (spin, spin, spin)

And a time to every purpose, under heaven

A time of love, a time of hate

A time of war, a time of peace

A time you may embrace, a time to refrain from embracing

To everything (spin, spin, spin)

There is a season (spin, spin, spin)

And a time to every purpose, under heaven

A time to gain, a time to lose

A time to rend, a time to sew

A time for love, a time for hate

A time for peace, I swear it's not too late

[Deleted]

May 28, 2020 22:01:11 GMT -5 agedhippie said:

May 28, 2020 16:24:32 GMT -5 @chuckbass said:

December 26, 2019 Warrants were split.  The holder exercised about 5M shares at a lower price ($1.31) and requested from MNKD to extend the deadline 6 months.  MNKD extended 7.25M Shares expiring June 26th at the price of $1.60.  So if they get taken out it will give MNKD another Qtr's worth of capital.  Reason for the recent run up to $1.60. 

I love that "requested from MNKD". Makes it sound like Mannkind had an option.

Correction:  I meant "requested TO MNKD"

[agedhippie]

May 29, 2020 9:21:11 GMT -5 @chuckbass said:

May 28, 2020 22:01:11 GMT -5 agedhippie said:

I love that "requested from MNKD". Makes it sound like Mannkind had an option.

Correction:  I meant "requested TO MNKD"

I think required is more accurate than requested. Companies like CVI never request, that's not the business they are in. These are vultures.

[patten1962]

If my Math is Correct MNKD got about 12 million dollars from the June 26th Warrants?

[Deleted]

Jun 23, 2020 1:41:57 GMT -5 patten1962 said:

If my Math is Correct MNKD got about 12 million dollars from the June 26th Warrants?

Don't you mean "WILL GET"?  7.25M Shares @ $1.60 

[patten1962]

Jun 23, 2020 7:47:00 GMT -5 @chuckbass said:

Jun 23, 2020 1:41:57 GMT -5 patten1962 said:

If my Math is Correct MNKD got about 12 million dollars from the June 26th Warrants?

Don't you mean "WILL GET"?  7.25M Shares @ $1.60 

Yes.