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Post by ashiwi on Jul 6, 2015 13:11:07 GMT -5
When you wake up Tuesday morning the interest will be in your account. It takes 3 business days from the last day of the prior month. Since Friday July 3 was the 3rd day, and a holiday, Today Monday July 6 is the 3rd business day. So it will be like X-Mas morning tomorrow with all lenders checking their accounts for their fat dividend interest deposit.
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Post by petech on Jul 6, 2015 13:54:11 GMT -5
Excellent. Tomorrow works. On a side note, the attached site has some stats on MNKD...but I am not sophisticated enough to make heads/tails. Thoughts? marketstructure-brightmoon.rhcloud.com/MNKD.htmlNote Cancel orders are about 9 times of actual trades. Cancel orders are about 10 times of published trades. Correlation between trade volume and cancel volume is 0.93. The trade-to-cancel ratio varies between 0.076 to 0.162. The lit-to-cancel ratio varies between 0.068 to 0.14. Note Daily Lit trade volume varies between 4159 to 25000. Daily dark trade volume varies between 476 to 3966. Correlation between lit trade and cancel volume is 0.94. Correlation between dark trade and cancel volume is 0.88. Lit trades are about 7 times of dark trades.
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Post by Deleted on Jul 6, 2015 14:13:00 GMT -5
Lilly produced a granddaddy batch of E. coli, now referred to as the "master cell bank," sometime in the 1980s. It has gone on to seed every batch of Humulin to this day. Whenever Lilly wants a fresh stash of Humulin, workers go to the freezer, pull out a tube from the master cell bank, thaw it out, and stimulate the bacteria to grow.
Starting with a mere half gram of bacteria, the microorganisms begin to replicate prodigiously, doubling their numbers every 20 minutes or so. www.diabetesforecast.org/2013/jul/making-insulin.html
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Every "who done it" I have ever seen asked the question, Who has the most to lose? Who has the most to gain? Just talking.
and is this why short interest is high?
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Post by orlon on Jul 6, 2015 14:20:10 GMT -5
I'm afraid I'm still confused about lending stock thing so it can be shorted. One loans out their MNKD stock to short sellers, gets a dividend check, buys more MNKD stock and lends that out to short sellers, gets a dividend check to buy more MNKD stock etc etc. I see folks on this board reaping benefits from the transaction...don't get me wrong I'm a capitalist like everyone else, but if hedge funds and institutional holders are doing the same thing, how can I expect the share price to increase, the company to move forward with any confidence, and the company to be successful? I've heard the arguments about short squeeze, expectations of grand news, and how the stock price will soar when the scripts improve...none in my opinion meet muster. In my opinion MNKD is now in a endless cycle of dividend/shorting. Just my opinion.
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Post by peppy on Jul 6, 2015 14:32:40 GMT -5
I'm afraid I'm still confused about lending stock thing so it can be shorted. One loans out their MNKD stock to short sellers, gets a dividend check, buys more MNKD stock and lends that out to short sellers, gets a dividend check to buy more MNKD stock etc etc. I see folks on this board reaping benefits from the transaction...don't get me wrong I'm a capitalist like everyone else, but if hedge funds and institutional holders are doing the same thing, how can I expect the share price to increase, the company to move forward with any confidence, and the company to be successful? I've heard the arguments about short squeeze, expectations of grand news, and how the stock price will soar when the scripts improve...none in my opinion meet muster. In my opinion MNKD is now in a endless cycle of dividend/shorting. Just my opinion. When MNKD starts making money, buyers will show up.
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Post by dreamboatcruise on Jul 6, 2015 15:47:30 GMT -5
I'm afraid I'm still confused about lending stock thing so it can be shorted. One loans out their MNKD stock to short sellers, gets a dividend check, buys more MNKD stock and lends that out to short sellers, gets a dividend check to buy more MNKD stock etc etc. I see folks on this board reaping benefits from the transaction...don't get me wrong I'm a capitalist like everyone else, but if hedge funds and institutional holders are doing the same thing, how can I expect the share price to increase, the company to move forward with any confidence, and the company to be successful? I've heard the arguments about short squeeze, expectations of grand news, and how the stock price will soar when the scripts improve...none in my opinion meet muster. In my opinion MNKD is now in a endless cycle of dividend/shorting. Just my opinion. How can you expect the company to be successful? It will be successful because Afrezza is a great drug that patients will want for convenience and better outcomes. That has nothing to do with short interest in the stock.
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Post by patryn on Jul 7, 2015 11:13:24 GMT -5
When you wake up Tuesday morning the interest will be in your account. It takes 3 business days from the last day of the prior month. Since Friday July 3 was the 3rd day, and a holiday, Today Monday July 6 is the 3rd business day. So it will be like X-Mas morning tomorrow with all lenders checking their accounts for their fat dividend interest deposit. So nice of the shorts to drop the price another 16 cents this morning for us to reinvest our dividend. I didn't realize Christmas in July was a North American holiday since I had only encountered it in Australia!
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Post by petech on Jul 7, 2015 12:09:57 GMT -5
If you're adding more shares and you're already at several hundred thousand shares, you may want to look into whether you have to file some ownership forms with the SEC!
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Post by orlon on Jul 7, 2015 12:23:53 GMT -5
I think if you read Deep Capture you will see how short interest can kill a company, no matter how great the product, or how good the company. I've been long in MNKD for almost eight years, believe strongly in the company's product and science, but have seen this stock manipulated by short sellers. The name of the game on Wall Street is money....not the cure for cancer, not the cure for MS, CP, or diabetes....hedge funds could care less about these...it's the long green that counts, nothing more nothing less. So yes, short sellers can take a good company down and make it an unsuccessful venture.
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Post by patryn on Jul 7, 2015 12:59:58 GMT -5
If you're adding more shares and you're already at several hundred thousand shares, you may want to look into whether you have to file some ownership forms with the SEC! Pretty sure I'm just a small fish in a big pond here. I invested an amount I'm comfortable losing if every catastrophic catalyst happens, and I had a rule that I would reinvest all "dividends" directly back into MNKD whether up or down on the day I got them so I could make sure I was dollar cost averaging and wouldn't agonize over every little decision. I like to keep up on the news and every half year I will re-evaluate my game plan to make sure my investment thesis is still sound. It's sort of an amusing game for me on the side while I take care of my real business where I do have to think about those SEC filings
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Post by patryn on Jul 7, 2015 13:18:40 GMT -5
I think if you read Deep Capture you will see how short interest can kill a company, no matter how great the product, or how good the company. I've been long in MNKD for almost eight years, believe strongly in the company's product and science, but have seen this stock manipulated by short sellers. The name of the game on Wall Street is money....not the cure for cancer, not the cure for MS, CP, or diabetes....hedge funds could care less about these...it's the long green that counts, nothing more nothing less. So yes, short sellers can take a good company down and make it an unsuccessful venture. Short sellers can certainly take early stage companies down. Especially when additional financing needs arise after IPO, shorts can make terms very unfavorable for that additional capital and as a result drive a company bankrupt. After a certain stage, once a company becomes profitable, short interest no longer has the ability to kill a company since that company can then just use proceeds to continue expansion (albeit, rather slowly). While we are not at that stage yet with MNKD, liquidity does not seem to be a near term issue, and we have at least a year to see how sales will progress with Afrezza. Even modest sales volume should keep MNKD running at minimal levels (perhaps some aggressive goals may not be realized and some TS applications may be permanently shuttered). At some point, the stock price then stabilizes and hedge funds will move on to greener pastures and short interest will level off. If the worst case happens and the shorts "win," MNKD will still be sold off to a BP willing to take a rider on the TS technology. Those shorts will not be closed without some pain and in the meantime, they will continue to pay interest on those shorts.
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Post by babaoriley on Jul 7, 2015 15:37:01 GMT -5
Geez, this stock closes at $5.25 yesterday and today, too, just no action to be had here. Kinda boring.
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Post by dreamboatcruise on Jul 7, 2015 15:44:54 GMT -5
When you wake up Tuesday morning the interest will be in your account. It takes 3 business days from the last day of the prior month. Since Friday July 3 was the 3rd day, and a holiday, Today Monday July 6 is the 3rd business day. So it will be like X-Mas morning tomorrow with all lenders checking their accounts for their fat dividend interest deposit. The Schwab Santa works quicker... since his presents are lighter to carry
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Post by nemzter on Jul 7, 2015 15:55:24 GMT -5
Geez, this stock closes at $5.25 yesterday and today, too, just no action to be had here. Kinda boring. It's OK, shares are all loaned out, rates at 22.5%, got paid today, just wish the closing price was higher of course.
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Post by gwb on Jul 10, 2015 15:24:07 GMT -5
Less 5 )million to 115 million a/o June 30,2015
Settlement Date
Short Interest
Avg Daily Share Volume
Days To Cover
6/30/2015 115,084,784 5,340,302 21.550239 6/15/2015 120,425,827 14,899,766 8.082397 5/29/2015 131,158,892 10,605,477 12.367090
Read more: www.nasdaq.com/symbol/mnkd/short-interest#ixzz3fWQumUu4
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