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Post by Deleted on Feb 17, 2017 13:44:32 GMT -5
How long do you think it will take the shorts to push the stock back under $1 again after the r/s? 6 months or possibly way less is my guess, unless we see script counts begin to climb in a healthy manner, we'll be right back to where we are today. The shorts will be relentless in attacking this stock anew. Easy money!! That, you can take to the bank. And, I will be out 100K shares thanks to the r/s, making my investment virtually worthless. My only other option is to sell now before the r/s and salvage what I can. So what if we get delisted to OTC is my opinion. We still have the cash runway to turn things around and we keep our shares intact. Now we shareholders argue over the r/s because one camp loses money if it does not happen, and we get delisted, and the other camp loses out right away, (me), and I assume others who see what is happening here and have a boatload of shares being taken away from them. I voted no for the reason stated above.(to answer the question of why which I received from some). Like I've stated previously over & over again; I have never, ever, seen a r/s that I have liked. I have been through 2, yes 2, (!) and both times they were disasters for me. This is an act of desperation by the company and not coming a from a position of strength, which is where a r/s can make sense. All this being said, I know the r/s is a foregone conclusion and my "vote" means absolutely nothing. This proxy vote is just a game that management must go thru to satisfy the SEC. May as well be living in Russia when it comes to voting here. I personally have a decision to make to sell or not. Not easy. Oh and btw, on Day 1 after the r/s happens and we're sitting at $5, how much do you think the SP will collapse by the closing bell? The Shorts will be at the breakfast table that morning for sure. Shorts wouldn't be able to push anything down if MNKD got their act together.
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Post by Deleted on Feb 17, 2017 13:48:36 GMT -5
I'll tell you what Kauai, I was right where you are a few months ago. I bailed because I had another place to go with what little I had left and could no longer stomach losing money each day. Since then I have made a little back and look forward to much more. My own personal opinion here is; I don't see a reason to hold. The clock is ticking and I for one believe that de-listing is imminent. All this stuff about making your losses permanent are pointless in my opinion. If you sell and these are not retirement fund monies you'll get a tax write off and have a little left. I have seen too many companies where people hung on to the bitter end and lost everything. I really don't think that will happen here but I also don't see a reason to hold. If the reverse happens you could wait until the market shakes it out and get back in. If it doesn't happen and they finally get their act together you will see the turn around and you can get back in. So what if you pay three times as much. I would rather pay $1.50 for a stock trending up than to watch and see my nest egg dwindle to nothing. Please understand that this my own reasoning and what has worked for me. You must make your own choices. I could be entirely wrong. I would like to hear a valid argument for holding however.FQ, Compelling Reason/Valid argument for holding: That first Friday morning when Symphony script sales increases, SP shoots up, Shorts-squeeze, and that $1.50 SP (let alone 50 cents) can only be seen in the rear-view mirror. Then, you are faced with the question "do I buy back in now at $5.00, or wait until this short-squeeze dies off and hope for $2.00?" ( those dollar amounts do not factor in any RS and are strictly for illustrative purpose). Man you are so late to the party lol Half of us had this thought stuck in our head from $5 lol No one is missing out on anything but dilution
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Post by lakon on Feb 18, 2017 2:31:36 GMT -5
How long do you think it will take the shorts to push the stock back under $1 again after the r/s? 6 months or possibly way less is my guess, unless we see script counts begin to climb in a healthy manner, we'll be right back to where we are today. The shorts will be relentless in attacking this stock anew. Easy money!! That, you can take to the bank. And, I will be out 100K shares thanks to the r/s, making my investment virtually worthless. My only other option is to sell now before the r/s and salvage what I can. So what if we get delisted to OTC is my opinion. We still have the cash runway to turn things around and we keep our shares intact. Now we shareholders argue over the r/s because one camp loses money if it does not happen, and we get delisted, and the other camp loses out right away, (me), and I assume others who see what is happening here and have a boatload of shares being taken away from them. I voted no for the reason stated above.(to answer the question of why which I received from some). Like I've stated previously over & over again; I have never, ever, seen a r/s that I have liked. I have been through 2, yes 2, (!) and both times they were disasters for me. This is an act of desperation by the company and not coming a from a position of strength, which is where a r/s can make sense. All this being said, I know the r/s is a foregone conclusion and my "vote" means absolutely nothing. This proxy vote is just a game that management must go thru to satisfy the SEC. May as well be living in Russia when it comes to voting here. I personally have a decision to make to sell or not. Not easy. Oh and btw, on Day 1 after the r/s happens and we're sitting at $5, how much do you think the SP will collapse by the closing bell? The Shorts will be at the breakfast table that morning for sure. Shorts wouldn't be able to push anything down if MNKD got their act together. Your point is well taken, but I think that you are mistaken until after the reverse split. At present, there are too many shares supplied and too little demand for the stock, except on the short side -- a classic broken stock as Cramer likes to say. Add a broken company to the broken stock, and you have a disaster for equity and no fear from shorts. CFO Matt P. is correct to perform the reverse split now. He has an opportunity to reduce the supply of the stock for compliance reasons, but should be doing it either way. I just wish that he did a 1:20. Nobody talks about this, but he should have done a reverse split after approval along with an offering. Everybody says that he missed the offering, but it's not just about the cash. The supply of stock needs reduced and better controlled to meet demand at a growing price point, otherwise, look out below. 1:10 does not seem aggressive enough for me, but it is a balancing act now. I don't fault him for being wrong in 2014 as it was a high for the company, and they thought all was going well, finally. Hindsight is 20/20. The underlying concern is dilution after the fact. IF he avoids significant dilution with an extended runway of another year or two, the stock will gain more followers and demand. He will have fixed the broken stock quickly. CEO Matt P. still needs to fix the broken company, but the Company seems on its way. If Mike C. and team start executing, we shall see how demand for MNKD stock grows in lock step with demand for Afrezza. If Doc U makes progress on the medical side with both Afrezza trials, label changes, and new formulations, we shall see how demand for MNKD stock grows with the news. I'm looking for more international news along the way to wake people up to a changing tide and perhaps more investors, but only after righting the equity supply. It's financial engineering: constrain supply and grow demand to raise prices (for the stock). Unfortunately, the only way that I see this working is with a special rights offering, like EYES, that becomes "oversubscribed". Since the Mann trust sold some MNKD stock, it would be interesting to know at what average price on the way down. How much of that money or new money are they willing to buy back into MNKD? If no rights offering occurs, I'd say Mann entities may be holding, but they are out of the game. If a rights offering occurs, the game is afoot. I expect that we all know the answer within 4 months. If I'm correct, @reverselo will be correct, and MNKD got their act together. I vote YES. I expect further declines that I may hedge with puts after R/S. Timing is not my game. I expect an epic turnaround, but I have serious doubts if Mann entities are out. Unfortunately, I think that without Al Mann, there may be little stomach for a real fight from both Mann entities and MNKD Executives. I'm giving them to July 4th 2017 to prove my thesis one way or the other. Best case: R/S 1:10 and special rights offering with non-traded, non-transferable rights that existing shareholders can subscribe for declined rights (oversubscribed), thus, setting a new floor for the stock price. (Game Theory: Whether a bluff or not, Mann entities come out with a public statement(s) that THEY are currently willing and able to see this to the bitter end with MNKD as it fits with the wishes and intent of the late Al Mann and "our" philanthropic ideals. They are pumping more capital in by oversubscribing to their rights. They are also in negotiations with MNKD to revisit debt obligations and credit facilities with The Mann Group. Furthermore, they are considering their options with Deerfield later this year... Watch the shorts run for cover. MNKD can afford to use the ATM facility. TMG could sell another chunk of shares for future financing without being outside the realm of reasonable and legal actions under the circumstances. Extend the runway for another two years until July 4th, 2019.) Worst case: R/S 1:10 and dilute after more share price erosion to maximize dilution (Game Theory: From an executive perspective, if Mann entities are out, the best move is to dilute them as much as possible. Other shareholders are just collateral damage. Shareholders should RUN AND SELL if a Family war erupts.)
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