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Post by whanley7 on Sept 23, 2015 20:33:18 GMT -5
What was the purpose of Matt extending the note an extra month? I thought it would be because there would be news that management thought would increase the stock price above the conversion floor. Instead there has been nothing but complete silence.
The note deadline was handled very poorly by management and I still do not fully understand what is going on with them. Extending them out another month has done nothing but add fuel to the shorts fire.
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Post by monetpenet on Sept 23, 2015 20:51:47 GMT -5
Kicking the can down the road and hoping for miracle...
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Post by harrys on Sept 23, 2015 21:01:58 GMT -5
What was the purpose of Matt extending the note an extra month? I thought it would be because there would be news that management thought would increase the stock price above the conversion floor. Instead there has been nothing but complete silence. The note deadline was handled very poorly by management and I still do not fully understand what is going on with them. Extending them out another month has done nothing but add fuel to the shorts fire. I thought the same... who knows, maybe it was and it didn't work out. For all we know Matt is being screwed all the same as shareholders. |
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Post by whanley7 on Sept 23, 2015 21:44:10 GMT -5
They need to just close it out and clearly let shareholders know what has happened.
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Post by gamblerjag on Sept 23, 2015 22:24:34 GMT -5
and forturnately for some people to double up shares.
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Post by mnholdem on Sept 24, 2015 8:15:59 GMT -5
Most companies are usually VERY accommodating of their debt holders. It's quite possible that the extension was at the note holders' request. It may also be simply because MannKind had not yet renewed its $50 million ATM by August 15. That would indicate poor financial management if that were the case.
Regardless, I don't see Matt/BOD letting the debt ambiguity continue any longer. Stock-for-Note Exchanges must be settled today, September 24. By September 30, MannKind must pay off its remaining $32,050,000 convertible debt via stocks, cash or both.
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Post by cjc04 on Sept 24, 2015 8:35:20 GMT -5
What was the purpose of Matt extending the note an extra month? I thought it would be because there would be news that management thought would increase the stock price above the conversion floor. Instead there has been nothing but complete silence. The note deadline was handled very poorly by management and I still do not fully understand what is going on with them. Extending them out another month has done nothing but add fuel to the shorts fire. I was hoping the delay was due to some material event in Sept also....... Now my fear is that they're holding their breath praying for higher script counts.......I'm holding my breath that that's NOT the case. |
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Post by mnholdem on Sept 24, 2015 10:20:50 GMT -5
October 16th is when the 9 million shares borrowed to Bank of America must be returned. That should alleviate, somewhat, the dilution of any stock-for-note exchanges. I'm curious whether Wall Street will even take note.
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Post by harrys on Sept 24, 2015 11:25:11 GMT -5
October 16th is when the 9 million shares borrowed to Bank of America must be returned. That should alleviate, somewhat, the dilution of any stock-for-note exchanges. I'm curious whether Wall Street will even take note. I'm 99% sure BOA has covered every single one of those shares and or is covering the remainder as we speak with 0 movement in stock price... if 1mil shares can trade at closing without even a nudge in PPS then I think BOA can cover a measly 9mil and probably somehow bring the price down at the same time. |
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Post by Deleted on Sept 27, 2015 8:49:42 GMT -5
When the debt is settled I have a strong suspicion Al will appear.
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Post by whanley7 on Sept 27, 2015 10:26:53 GMT -5
When the debt is settled I have a strong suspicion Al will appear. Why do you think that? He has been completely silent for a long time. |
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Post by Deleted on Sept 27, 2015 10:47:18 GMT -5
Matt wrote in an email, and I will paraphrase: just because Al has not done anything yet does not mean he will not.
I posted Matt's email to me somewhere but do not recall which thread.
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Post by mssciguy on Sept 27, 2015 16:42:37 GMT -5
just posted by lakers_w on ymb (completely unverified)
lakers_w • 37 minutes ago
Mnkd To Issue Press Release, File SEC form 10/1/15 Paying $32M cash on remaining Notes
Mnkd To Issue Press Release, File SEC form 10/1/15 Paying $32M cash on remaining NotesAs pps was below $4.6 floor price.
lakers_w • 33 minutes ago
Disclaimer: Do your own due diligence and research
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Post by harrys on Sept 27, 2015 17:40:27 GMT -5
just posted by lakers_w on ymb (completely unverified) lakers_w • 37 minutes ago Mnkd To Issue Press Release, File SEC form 10/1/15 Paying $32M cash on remaining Notes Mnkd To Issue Press Release, File SEC form 10/1/15 Paying $32M cash on remaining NotesAs pps was below $4.6 floor price. lakers_w • 33 minutes ago Disclaimer: Do your own due diligence and research Gotta question Lakers after his last declaration of the "World Launch"... but I think this information is probable, it would only make sense that Matt file a press release on the 1st and I think it's pretty evident at this point that the notes will be paid off in Cash given the PPS and the absence of a note to shareholders about lowering the floor. I am FULLY expecting the usual suspects to release new hit pieces claiming the "dire" situation MNKD will be in after spending another $32m of cash on hand... maybe we'll have a blowout Friday to counteract this. Either case thank god this Note debacle is about to end for good. |
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Post by gamblerjag on Sept 27, 2015 17:59:40 GMT -5
or maybe Matt and Co. know we will be receiving some big news or good news in the next couple of weeks so the 32 million is a drop in the bucket?
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