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Post by sellhighdrinklow on Sept 6, 2017 20:32:37 GMT -5
The reduction to $10 million is to give time for the Colorado study to prove Superiority with using Afrezza and CGM (October). This, in combination with the label change gets MNKD stock into the teens or more for a funds raise. JMHO.
Buy the the $5 Jan 2019 calls for 25- cents. No brainer.
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Post by gamblerjag on Sept 6, 2017 21:06:29 GMT -5
That would be a position of strength and send the shorts scrambling.
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Post by straightly on Sept 6, 2017 21:24:31 GMT -5
Everyone on twits are mistakenly thinking deferred until 2019...or they are trying to pump Both.
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Post by peppy on Sept 6, 2017 21:43:56 GMT -5
Everyone on twits are mistakenly thinking deferred until 2019...or they are trying to pump Both. what does deferred until 2019 mean?
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Post by dreamboatcruise on Sept 6, 2017 22:12:10 GMT -5
This agreement goes until December 31, 2017? That is the difference between the dates? in regards to what happens end of OCT? what happens on the end of December? Am I asking this question clearly?
added: that's a lot of 31st. New Label decision Sept 31, Deerfield, oct 31st Deerfield dec 31st.
I don't think the December date was there before. What Deerfield are doing is rolling over the dates in two month steps (Aug - Oct - Dec) to maintain the pressure on Mannkind, but also to give Greenhills space to work in. If Greenhills have any sort of deal in sight then the last thing Deerfield want to do is let the counter-party use a deadline to reduce the price. I hope Deerfield is as benevolent (perhaps derived from self interest) as you suspect.
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Post by brotherm1 on Sept 7, 2017 7:14:54 GMT -5
"On August 31, 2017, the Company delivered a written certification to Deerfield certifying that the Extension Conditions were met (the “Certificate”). In connection with the Certificate, the Company elected to defer the payment of principal on the Tranche 4 Notes from August 31, 2017 to October 31, 2017."
Is the "written certification" merely proof to Deerfield that the $30M loan from the Mann Group was received or is it something else?
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Post by agedhippie on Sept 7, 2017 7:25:04 GMT -5
I don't think the December date was there before. What Deerfield are doing is rolling over the dates in two month steps (Aug - Oct - Dec) to maintain the pressure on Mannkind, but also to give Greenhills space to work in. If Greenhills have any sort of deal in sight then the last thing Deerfield want to do is let the counter-party use a deadline to reduce the price. I hope Deerfield is as benevolent (perhaps derived from self interest) as you suspect. I think you can rest assured that Deerfield will be working from self-interest I am fairly certain that Greenhill was Deerfield's idea, or you would have to ask why Locust Walk was hired since it is potentially duplication. Also you notice that Deerfield tied the continued funding to Greenhill, not Locust Walk.
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Post by agedhippie on Sept 7, 2017 7:26:25 GMT -5
"On August 31, 2017, the Company delivered a written certification to Deerfield certifying that the Extension Conditions were met (the “Certificate”). In connection with the Certificate, the Company elected to defer the payment of principal on the Tranche 4 Notes from August 31, 2017 to October 31, 2017." Is the "written certification" merely proof to Deerfield that the $30M loan from the Mann Group was received or is it something else? Also that they are not in breach of the minimum bank deposit, and that Greenhill is still hired by Mannkind.
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