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Post by op2778 on Aug 7, 2017 15:34:06 GMT -5
Pretty clear.......BK coming.....
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Post by akemp3000 on Aug 7, 2017 15:34:13 GMT -5
The trepostinil IND announcement makes it clear MNKD management has zero expectation the company will be out of money this year. I can't wait to hear what MNKD management knows and we don't!
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Post by promann on Aug 7, 2017 15:34:34 GMT -5
Why is everyone posting here acting like this is a big surprise? We knew before the release of the financials that we need to extend the runway. Nothing here is unexpected we knew the tv advertisement was going to be a expense and all the new hires and the new lease agreement. No surprise here. Let's see what they say at the conference call I'm sure they will give us at least some indication of how they will extend the runway. I would bet they are well aware of the situation and are working on several plans to get the cash. I believe MNKD will succeed it's got a lot going for it. Let's listen and see ! I'm thinking it's not going to disappoint..
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Post by traderdennis on Aug 7, 2017 15:35:20 GMT -5
Cost per new RX in the 3rd quarter is $9642. This is not sustainable. They can't break even on new acquisitions for at least a decade and that is provided there is not a churn rate.
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Post by dreamboatcruise on Aug 7, 2017 15:35:23 GMT -5
From the Form 8-K: "On August 4, 2017, the board of directors of MannKind Corporation ( “MannKind”) resolved to voluntary delist its common stock from The Tel Aviv Stock Exchange Ltd., or TASE. Under applicable Israeli law, the delisting of MannKind’s common stock from trading on the TASE is expected to become effective three months from the date of request. During this time, MannKind’s common stock will continue to be traded on the TASE." Why do that? Eeeeh... were there still tracker ETFs on TASE holding MNKD? At minimum not good, but perhaps real impact as shares sold.
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Post by op2778 on Aug 7, 2017 15:37:04 GMT -5
Why is everyone posting here acting like this is a big surprise? We knew before the release of the financials that we need to extend the runway. Nothing here is unexpected we knew the tv advertisement was going to be a expense and all the new hires and the new lease agreement. No surprise here. Let's see what they say at the conference call I'm sure they will give us at least some indication of how they will extend the runway. I would bet they are well aware of the situation and are working on several plans to get the cash. I believe MNKD will succeed it's got a lot going for it. Let's listen and see ! I'm thinking it's not going to disappoint.. Nobody surprised.....Obvious this is going BK. TASE is another clue of it.... Have a nice day to all......Tomorrow u can buy below $1..... And with diluition coming you can buy at 0.20 soon..... The new DRYS is here.
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Post by derek2 on Aug 7, 2017 15:39:47 GMT -5
This is new. I searched for "Fosun" on this board and in the last quarterly. nothing.
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Post by traderdennis on Aug 7, 2017 15:39:58 GMT -5
As of June 30, 2017, we had $167.4 million principal amount of outstanding debt, consisting of:
• $27.7 million principal amount of 2018 notes bearing interest at 5.75% per annum and maturing on August 15, 2018;
• $45.0 million principal amount of 2019 notes bearing interest at 9.75% per annum, $10.0 million of which is due and payable in August 2017 (with an option for us to elect to further defer the payment of such principal amount from August 31, 2017 to October 31, 2017 if we meet certain conditions described in the Third Amendment), $15.0 million of which is due and payable in each of July 2018 and July 2019, and $5.0 million of which is due and payable in December 2019;
• $15.0 million principal amount of Tranche B notes bearing interest at 8.75% per annum, $5.0 million of which is due and payable in each of May 2018 and 2019, and $5.0 million of which is due and payable in December 2019; and
• $79.7 million principal amount of indebtedness under The Mann Group Loan Arrangement bearing interest at a fixed rate of 5.84% per annum due on January 5, 2020.
On June 27, 2017, we entered into an agreement with The Mann Group, pursuant to which the parties agreed to, among other things, (i) capitalize $10.7 million of accrued and unpaid interest as of June 30, 2017 under The Mann Group Loan Arrangement, resulting in such amount being classified as outstanding principal under The Mann Group Loan Arrangement, (ii) advance to us approximately $19.4 million, the remaining amount available for borrowing by us under The Mann Group Loan Arrangement after the foregoing capitalization of accrued and unpaid interest, and (iii) defer all interest payable on the outstanding principal under The Mann Group Loan Arrangement until July 1, 2018, unless such payments are otherwise permitted under the subordination agreement with Deerfield, and subject to further deferral pursuant to the terms of the subordination agreement with until our payment obligations to Deerfield have been satisfied in full. There are no additional funds available to borrow under The Mann Group Loan Arrangement. As of June 30, 2017, there was no accrued and unpaid interest under The Mann Group Loan Arrangement.
10Q page 41
Monthly interest on the above loans is 1.98 million dollars per month. Almost three times the Afrezza revenue for the last quarter.
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Post by peppy on Aug 7, 2017 15:41:07 GMT -5
Quote: As of June 30, 2017, we had $167.4 million principal amount of outstanding debt, reply: Afrezza should be able to sell in the billions. What is wrong with this picture?
Someone straighten me out here...
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Post by peppy on Aug 7, 2017 15:42:16 GMT -5
This is new. I searched for "Fosun" on this board and in the last quarterly. nothing. yeah the one time sale oncology?
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Post by promann on Aug 7, 2017 15:43:06 GMT -5
Why is everyone posting here acting like this is a big surprise? We knew before the release of the financials that we need to extend the runway. Nothing here is unexpected we knew the tv advertisement was going to be a expense and all the new hires and the new lease agreement. No surprise here. Let's see what they say at the conference call I'm sure they will give us at least some indication of how they will extend the runway. I would bet they are well aware of the situation and are working on several plans to get the cash. I believe MNKD will succeed it's got a lot going for it. Let's listen and see ! I'm thinking it's not going to disappoint.. Nobody surprised.....Obvious this is going BK. TASE is another clue of it.... Have a nice day to all......Tomorrow u can buy below $1..... And with diluition coming you can buy at 0.20 soon..... The new DRYS is here. You shorts should really be ashamed! You just couldn't wait to bash the financial and claim that This is going BK. BS you are just trying to scare as many longs out of there shares as possible. Most of you people posting on this topic are just trying to scare longs into selling. There is no new news here. So begone with ya.
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Post by op2778 on Aug 7, 2017 15:44:47 GMT -5
Promann.....another delusional bagholder....Are u on deny?
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Post by akemp3000 on Aug 7, 2017 15:45:31 GMT -5
My thought exactly promann. I'm hoping to hear a progress update from Locust Walk
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Post by derek2 on Aug 7, 2017 15:45:46 GMT -5
Found the basis for increase in cash burn:
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Post by kite on Aug 7, 2017 15:48:12 GMT -5
If this stock goes below $1, I'm definitely diving in for more! This company has come a long way in the short time that Mike has been the leader, and I'm excited for what this new leadership will attract before the end of the year!
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