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Post by kc on Jan 9, 2018 12:37:55 GMT -5
No but is focused on a buyer who will purchase a % of the company and not the entire company. I believe they want somebody who will handle the international sales aspect and let MannKind continue to building the US sales market. The Company and its board understands the value of the product and they factory producing Afrezza. They also understand the wishes not that they matter of Al Mann (the Family) to get the value of the investment out of the company. Will that ever happen? Who knows. So far we are all losers as we have hitched our wagons to that theory.
Actually I think that Mike answered the question in a tweet today.
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Post by akemp3000 on Jan 9, 2018 12:51:39 GMT -5
No loser here. I just can't collect my winnings yet
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Post by kc on Jan 9, 2018 16:31:10 GMT -5
I think that Mike solved the Liquidity issue. On October 1, 2017 MannKind invested 15,000,000 in to Bitcoin when it was trading at $4,404.00 per share. for 3,405.09 Bitcoins.
He didn't sell them on December 16th when they hit $19,187 per coin as he was greedy with MannKind's money. ($65,333,461). He figured they would continue to go up in value and we didn't need the cash until the 2nd quarter.
Today's value is $14,699.00 per Bitcoin or $50,051,417 So should Mike sell MannKind's Bitcoin's or wait for the next run up in value.
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Post by falconquest on Jan 9, 2018 16:58:15 GMT -5
Seems like a "bit" of a dilemma to me.
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Post by dreamboatcruise on Jan 9, 2018 17:11:57 GMT -5
I think that Mike solved the Liquidity issue. On October 1, 2017 MannKind invested 15,000,000 in to Bitcoin when it was trading at $4,404.00 per share. for 3,405.09 Bitcoins.
He didn't sell them on December 16th when they hit $19,187 per coin as he was greedy with MannKind's money. ($65,333,461). He figured they would continue to go up in value and we didn't need the cash until the 2nd quarter.
Today's value is $14,699.00 per Bitcoin or $50,051,417 So should Mike sell MannKind's Bitcoin's or wait for the next run up in value. Since one of their lottery tickets hit the jackpot last week, I think we can hold off on liquidating the bitcoin, though couldn't hurt to take some off the table to be prudent... just in case the lamp Mike just bought doesn't actually contain a genie.
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Post by kc on Jan 9, 2018 17:15:07 GMT -5
I think that Mike solved the Liquidity issue. On October 1, 2017 MannKind invested 15,000,000 in to Bitcoin when it was trading at $4,404.00 per share. for 3,405.09 Bitcoins.
He didn't sell them on December 16th when they hit $19,187 per coin as he was greedy with MannKind's money. ($65,333,461). He figured they would continue to go up in value and we didn't need the cash until the 2nd quarter.
Today's value is $14,699.00 per Bitcoin or $50,051,417 So should Mike sell MannKind's Bitcoin's or wait for the next run up in value. Since one of their lottery tickets hit the jackpot last week, I think we can hold off on liquidating the bitcoin, though couldn't hurt to take some off the table to be prudent... just in case the lamp Mike just bought doesn't actually contain a genie. Goldman Sachs said all the lamps they sell have genies in them.
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Post by goyocafe on Jan 9, 2018 18:13:44 GMT -5
Since one of their lottery tickets hit the jackpot last week, I think we can hold off on liquidating the bitcoin, though couldn't hurt to take some off the table to be prudent... just in case the lamp Mike just bought doesn't actually contain a genie. Goldman Sachs said all the lamps they sell have genies in them. Very short genies...
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Post by xanet on Jan 11, 2018 10:39:21 GMT -5
I think that Mike solved the Liquidity issue. On October 1, 2017 MannKind invested 15,000,000 in to Bitcoin when it was trading at $4,404.00 per share. for 3,405.09 Bitcoins.
He didn't sell them on December 16th when they hit $19,187 per coin as he was greedy with MannKind's money. ($65,333,461). He figured they would continue to go up in value and we didn't need the cash until the 2nd quarter.
Today's value is $14,699.00 per Bitcoin or $50,051,417 So should Mike sell MannKind's Bitcoin's or wait for the next run up in value. Sell and use the money to convert the manufacturing facilities over to server farms to mine for more coins....
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Post by MnkdWASmyRtrmntPlan on Jan 11, 2018 13:08:25 GMT -5
Nobody has bought us out because MNKD knows their value, so they expect much more money than buyers are willing to pay, especially considering the current sales. I don't really ever expect a buyout. But, a BP is very possible. You're right, sales are low, and that has been slow improvement so far. But, sales are on an increasing trajectory and there are impending factors that will be very beneficial to sales: CGM's, improved insurance coverage, diabetes continues to increase, Pediatrics, Vdex. Although MNKD has a large, long hurdle ahead of it (to keep pushing forward toward the breakeven point while staying solvent), they have proven impressive in that regard so far (albeit, share-price has not been impressive yet). Sales have always been MNKD's major hurdle. I believe that will be changing this year. So are you saying that Mike has had multiple offers and turned them down because they were too low? I did not say that. How would I know if Mike has had ANY offer, let alone multiple? I don't work with him or know him personally. I only said that MNKD knows their value more than any potential buyers. The implication is not that they have had offers, but that if they did, they would not be high enough to be acceptable to MNKD.
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Post by rockstarrick on Jan 11, 2018 23:44:50 GMT -5
So are you saying that Mike has had multiple offers and turned them down because they were too low? I did not say that. How would I know if Mike has had ANY offer, let alone multiple? I don't work with him or know him personally. I only said that MNKD knows their value more than any potential buyers. The implication is not that they have had offers, but that if they did, they would not be high enough to be acceptable to MNKD. Not at this share price. In order for Mannkind to get an offer they would consider they need to get the share price a little closer to what they are expecting, or asking, if they are indeed negotiating with anybody. The Ball is in Mannkinds hands, then own the ball. Now they just have to figure out how to get it rolling. I can’t wait 😊
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Post by akemp3000 on Jan 12, 2018 0:44:51 GMT -5
I agree Rockstar. Mike knows he's going to increase company value in the first half of 2018 with a big jump in scripts following all of the recent marketing activity. He'll also likely cut a few marketing partnership deals. The second half of the year could get interesting with a booming economy that now encourages domestic spending with mergers and acquisitions. Mike knows how to get the ball rolling. We just want visibility immediately.
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Post by falconquest on Jan 12, 2018 18:33:43 GMT -5
So are you saying that Mike has had multiple offers and turned them down because they were too low? I did not say that. How would I know if Mike has had ANY offer, let alone multiple? I don't work with him or know him personally. I only said that MNKD knows their value more than any potential buyers. The implication is not that they have had offers, but that if they did, they would not be high enough to be acceptable to MNKD. "so they expect much more money than buyers are willing to pay" Oh, what buyers?
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Post by MnkdWASmyRtrmntPlan on Jan 12, 2018 18:57:22 GMT -5
I did not say that. How would I know if Mike has had ANY offer, let alone multiple? I don't work with him or know him personally. I only said that MNKD knows their value more than any potential buyers. The implication is not that they have had offers, but that if they did, they would not be high enough to be acceptable to MNKD. "so they expect much more money than buyers are willing to pay" Oh, what buyers? As I said ... "Potential" buyers. I do not see the benefit of your posts. Your intent seems to be harassment. Please stop.
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Post by mnkdfann on Jan 12, 2018 21:51:34 GMT -5
So are you saying that Mike has had multiple offers and turned them down because they were too low? I did not say that. How would I know if Mike has had ANY offer, let alone multiple? I think if a serious offer was made, we would know about it. Either MNKD would be obliged to let us know / disclose it, or else the suitor would have announced its intentions and be appealing to MNKD investors that its offer was fair and worth considering. Like with BRCM and QCOM, for instance. So perhaps there have been multiple low-ball offers, but I doubt any serious offers (and I mean serious from the suitor's point of view, not Mike's) have been made.
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Post by sportsrancho on Jan 13, 2018 7:20:25 GMT -5
Agree all along ( as I believe Matt made a reference to ) there have been lowball offers, but until one is seriously considered we’ll never know.
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