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Post by mnkdfann on Jun 20, 2018 20:19:40 GMT -5
I could be wrong but I recall seeing an article that said Maxim had stopped covering Mnkd and i interpreted the recent downgrade from Wainwright as others did that we had moved on, so my hope (not a strategy) was that we might attract a larger bank using the results from the stat study as the basis. Guess we will find out soon. FWIW, Wainwright lowered Mannkind's price target from $7 to $5 back in early May (see link below). Later in May, it reiterated that price target. In June it may (or may not have, depending on who you believe) lowered the price target again from $5 to $2 (some argue this was a typo). But it never downgraded from a Buy rating. Indeed, it reiterated that rating in its most recent research note. www.smarteranalyst.com/analyst-insights/h-c-wainwright-sticks-bulls-mannkind-mnkd-lowers-price-target-sluggish-afrezza-adoption/So I think Wainwright is still covering Mannkind. |
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Post by sayhey24 on Jun 20, 2018 20:29:03 GMT -5
Dr. Edelman, afrezza user, TCOYD founder and the architect of the Onduo protocol is back. That is great to see. I wonder what Onduo will be doing at ADA2018? I don't see them listed as a vendor.
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Post by mnkdfann on Jun 20, 2018 20:31:58 GMT -5
I'm not familiar with NYC.
But a bit of googling shows that Wainwright has hosted a number of investor events at the Lotte New York Palace Hotel.
In fact, they are just steps from one another (a 5 minute walk, or less). Maybe that is just coincidence.
My guess is that this event is Wainwright orchestrated (whether advertised as such or not), and a share offering will be announced within a few days of it (as was the case with Wainwright's Monte Carlo event a couple of months back).
(Google says Mannkind has attended a Wainwright event at the Lotte hotel in the past).
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Post by sportsrancho on Jun 20, 2018 20:41:10 GMT -5
I'm not familiar with NYC. But a bit of googling shows that Wainwright has hosted a number of investor events at the Lotte New York Palace Hotel. In fact, they are just steps from one another (a 5 minute walk, or less). Maybe that is just coincidence. My guess is that this event is Wainwright orchestrated (whether advertised as such or not), and a share offering will be announced within a few days of it (as was the case with Wainwright's Monte Carlo event a couple of months back). I had a few discussions today and I think that you’re right, but the two dollar price target was the latest article. Correct me if that is not accurate. Maybe they’ll use the stats study results to give us a better upgrade? Before or after the investor event. And before the share offering. Speculation of course... |
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Post by mnkdfann on Jun 20, 2018 20:53:42 GMT -5
I'm not familiar with NYC. But a bit of googling shows that Wainwright has hosted a number of investor events at the Lotte New York Palace Hotel. In fact, they are just steps from one another (a 5 minute walk, or less). Maybe that is just coincidence. My guess is that this event is Wainwright orchestrated (whether advertised as such or not), and a share offering will be announced within a few days of it (as was the case with Wainwright's Monte Carlo event a couple of months back). I had a few discussions today and I think that you’re right, but the two dollar price target was the latest article. Correct me if that is not accurate. Maybe they’ll use the stats study results to give us a better upgrade? Before or after the investor event. And before the share offering. Speculation of course... Yes, the $2 target was the latest one from the note in June as I said. (I also mentioned that some are convinced that $2 was a typo ... I'm on the fence about that.) The link I posted was to the early May research note. I should have put that link higher in my post to avoid confusion. |
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Post by kc on Jun 20, 2018 21:02:00 GMT -5
With script sales approaching 800,000 per week the market can see the upward momentum. Management might also be seeing the signs of it breaking $1,000,000 in the next couple of weeks. They know they can show the future if week over week sales continue upwards.
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Post by bones1026 on Jun 20, 2018 21:38:40 GMT -5
IDK, but I suspect not. If they were at that point, they wouldn't need to offer a free lunch to attract interest. Also, I have a couple of relatives working at two different big banks in the states, and they are far too busy for this sort of thing. They deal with companies they are interested in one on one, not at a cattle call. And I wasn't aware that Wainwright or Maxim had discontinued coverage. Are you sure? Didn't Wainwright just issue coverage on Mannkind a few days ago? Interestingly, the Lotte New York Palace Hotel was formerly known as The Helmsley Palace Hotel. That name Helmsley keeps popping up today, in connection with Mannkind. I could be wrong but I recall seeing an article that said Maxim had stopped covering Mnkd and i interpreted the recent downgrade from Wainwright as others did that we had moved on, so my hope (not a strategy) was that we might attract a larger bank using the results from the stat study as the basis. Guess we will find out soon. Mike, once specifically mentioned to me over Twitter that he felt Maxim was one of the “underdogs of Wall Street”..”a shady bank”..I see them as dropping coverage as a positive sign for us |
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Post by mannmade on Jun 20, 2018 22:08:41 GMT -5
So my question is why would Wainwright downgrade Mnkd (if not a typo) just before going out to raise money for Mnkd?
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Post by mnkdfann on Jun 20, 2018 22:17:03 GMT -5
So my question is why would Wainwright downgrade Mnkd (if not a typo) just before going out to raise money for Mnkd? How about so they can turn around and raise the price target sometime in the next week, and prior to the meeting, based on the ADA results? To create buzz and excitement. I'm not saying (obviously) that will be the case. Just throwing it out as a possible and reasonable (to me, at least) explanation. I can think of others. |
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Post by mnkdfann on Jun 20, 2018 22:19:33 GMT -5
So my question is why would Wainwright downgrade Mnkd (if not a typo) just before going out to raise money for Mnkd? Maybe I am being anal, but when I hear 'downgrade' I think of the rating going down (e.g., from buy to hold). Wainwright lowered a price target, but I think that is different than what is normally meant by a 'downgrade'. www.investopedia.com/terms/d/downgrade.aspIn any case, it is still recommended as a Buy. |
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Post by mannmade on Jun 20, 2018 22:27:44 GMT -5
Ok my mis-chocie of words and I stand corrected, but what I was trying to say is that going from a $5 price target to a $2 price target so close to the ADA especially makes little sense to me and even less sense if the are going to raise money for us in the near term so I may have incorrectly thought that mnkd had parted ways with Wainwright. Still it makes no sense to me...
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Post by mnkdfann on Jun 20, 2018 22:39:06 GMT -5
Ok my mis-chocie of words and I stand corrected, but what I was trying to say is that going from a $5 price target to a $2 price target so close to the ADA especially makes little sense to me and even less sense if the are going to raise money for us in the near term so I may have incorrectly thought that mnkd had parted ways with Wainwright. Still it makes no sense to me... You may have missed my post above, but as I said lowering the price target from $5 to $2 just so they can raise it after the ADA and before the meeting would be a crafty thing to do to build buzz. In this case, presumably, Wainwright figured no one would accept them raising the target from the $5 level, so they had to take a step back before taking one forward. Well, we'll know soon enough. But if my guesses turn out to have something to them, I'm starting a newsletter. |
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Post by Deleted on Jun 21, 2018 4:02:35 GMT -5
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Post by mytakeonit on Jun 21, 2018 4:21:59 GMT -5
Why is everyone fixated on $2 ... okay, I'll go for $2.10 tomorrow ... sports did you hear that ... $2.10 tomorrow !!! Before ADA !!!
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Post by sportsrancho on Jun 21, 2018 6:21:48 GMT -5
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