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Post by compound26 on Oct 11, 2017 0:22:56 GMT -5
He must have meant 50% of the available 22 mil shares Also note that Mike has option to issue 10 million preferred shares. So that could also bring in additional funds to extend the runway, if needed.
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Post by mytakeonit on Oct 11, 2017 0:28:12 GMT -5
Still leaves 12.2M authorized shares ... and it wasn't a $50M limit deal so picking up another $7.7M in cash more than expected. Sounds good to me and will add maybe 8 months more to the runway.
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Post by buyitonsale on Oct 11, 2017 0:34:13 GMT -5
Not what I expected, I think they could have waited a few days and gotten more. But this definitely sets the floor at 6 as these guys who bought at 6 will snap up anything and everything at lower prices and they will hold those shares tight. Just my opinion, thatโs what I would do... buy more on sale and average down ๐
P.S. I think shorts are not going to be happy about this... ๐
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Post by straightly on Oct 11, 2017 0:43:55 GMT -5
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Post by afrezzamiracle on Oct 11, 2017 0:57:41 GMT -5
Damn good news. Well played Mike Castagna! Shorts being burned alive whilst they sleep!!! What a couple weeks for longs, and we are still in the first inning of this turn around!
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Post by celo on Oct 11, 2017 1:05:54 GMT -5
Yeah, weren't a lot of shorts counting on bankruptcy? Not coming for a long time and closing your short might get more expensive going forward
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Post by dreamboatcruise on Oct 11, 2017 1:11:20 GMT -5
I'm beginning to like our new management. Hats off to Mike. Nice timing.
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Post by dreamboatcruise on Oct 11, 2017 1:16:40 GMT -5
Not what I expected, I think they could have waited a few days and gotten more. But this definitely sets the floor at 6 as these guys who bought at 6 will snap up anything and everything at lower prices and they will hold those shares tight. Just my opinion, thatโs what I would do... buy more on sale and average down ๐ P.S. I think shorts are not going to be happy about this... ๐ Come on... you seriously are complaining about raising capital at $6? We were at less than a dollar not long ago. The only way of building confidence back up is to build capital back up. I think Mike pulled off a show for the ages in managing to run this up and do this deal at $6. Thank you Mike!!!
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Post by afrezzamiracle on Oct 11, 2017 1:25:34 GMT -5
Shorts singing: "how do we sleep while our beds are burning?!"
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Post by afrezzamiracle on Oct 11, 2017 1:48:31 GMT -5
"In the know" Big Money just backed up the truck at six bucks a share. They obviously have acess to more info than we do. Houston, we are cleared for takeoff!
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Post by mbseeking on Oct 11, 2017 1:58:54 GMT -5
So with bankruptcy off the table now , exactly what is the shorts thesis?
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Post by victoria on Oct 11, 2017 2:21:08 GMT -5
"In the know" Big Money just backed up the truck at six bucks a share. They obviously have acess to more info than we do. Houston, we are cleared for takeoff! Good news, both because of the runway, the minimal dilution and the floor created by this and the recent buying, and also because it shows this management team know what they are doing, which in itself sends a message. Whats the betting price closes up today? Short position holders now face increased risk.
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Post by bundy on Oct 11, 2017 2:58:57 GMT -5
Even tase is closed today the suspense is building ! I think I can sleep more at ease now, not too sure about shorties though!
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Post by akemp3000 on Oct 11, 2017 3:08:48 GMT -5
It sure seems like the wolves of wall street, shorts and possibly even BPs have been manipulating MNKD for years. Changes in the past two weeks have happened so fast Mike C must have known this moment in time was coming where MNKD could finally flip the switch and take control. The label improvement and runway extension have now been checked. Mike's sales and marketing strategy continues to grow the pipeline of interest in Afrezza, TS and MNKD stock. The next three boxes to be checked off will be scripts growth, international and strategic new partnerships. My guess is Locust Walk could be finalizing a deal or two as we speak. October 2017 will long be remembered as the turning point. Al Mann, all of us long suffering longs, and especially diabetics are loving you about now Mike Castagna!
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Post by falconquest on Oct 11, 2017 3:53:51 GMT -5
I would sure like to understand the rapid turn around in share price. I get the label change catalyst but this feels like manipulation just as a lot of the downward movement in the past felt like manipulation. So what's changed? The script count is still an issue although funding is not. I would like to know what's behind the meteoric rise in price. Did those that manipulated the price down finally move on? Don't get me wrong, I think this is great but I really want to know what's behind it. Who could have predicted this? I appreciate any thoughts.
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