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Post by akemp3000 on Jul 13, 2018 13:55:36 GMT -5
A ceiling for a year or two? That needs to be saved and re-posted in a few months.
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Deleted
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Post by Deleted on Jul 13, 2018 14:19:48 GMT -5
Its close to 17 million shares for their total debt. Awesomo what you do not take into consideration was the warrants bringing in 33 million dollars in cash for 14 million share dilution. Now their will be at least one if not two fund raises between now and April because the warrants are not very likely to be converted. At as estimated price 1.50 per share due to market discounting another pipe offering, that is an additional 22 Million shares to get the same amount of cash the 14 million in warrants would of brought in. The warrants not likely being converted has very little to do with "this deal". There's a very good chance the warrants will be converted. The warrants will be repriced at the demand of the warrant holders and MNKD will conform and lower the strike price. MNKD will receive less money. It's better than nothing and will extend their runway for a QTR and a HALF.
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8K Filing
Jul 13, 2018 14:41:50 GMT -5
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Post by awesomo on Jul 13, 2018 14:41:50 GMT -5
The warrants not likely being converted has very little to do with "this deal". There's a very good chance the warrants will be converted. The warrants will be repriced at the demand of the warrant holders and MNKD will conform and lower the strike price. MNKD will receive less money. It's better than nothing and will extend their runway for a QTR and a HALF. The whole point of the warrants were to give owners the potential of buying at that price even if the share price was higher. There is no point of repricing warrants, they will just buy shares directly in an offering if desired at a lower price.
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Deleted
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Post by Deleted on Jul 13, 2018 14:51:17 GMT -5
There's a very good chance the warrants will be converted. The warrants will be repriced at the demand of the warrant holders and MNKD will conform and lower the strike price. MNKD will receive less money. It's better than nothing and will extend their runway for a QTR and a HALF. The whole point of the warrants were to give owners the potential of buying at that price even if the share price was higher. There is no point of repricing warrants, they will just buy shares directly in an offering if desired at a lower price. It makes perfect sense to reprice the warrants because the street has already priced in with the dilution. The stock will take a small hit for the repricing but if they do another OFFERING the stock will get SLAMMED. Repricing is the lesser of 2 evils and you already have a buyer.
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Post by awesomo on Jul 13, 2018 15:14:27 GMT -5
The whole point of the warrants were to give owners the potential of buying at that price even if the share price was higher. There is no point of repricing warrants, they will just buy shares directly in an offering if desired at a lower price. It makes perfect sense to reprice the warrants because the street has already priced in with the dilution. The stock will take a small hit for the repricing but if they do another OFFERING the stock will get SLAMMED. Repricing is the lesser of 2 evils and you already have a buyer. A warrant as an OPTION, it is not a buyer.
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Post by sellhighdrinklow on Jul 13, 2018 16:43:51 GMT -5
I must assume that Deerfield folks post here. I have couple of guesses.......
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Post by traderdennis on Jul 13, 2018 17:23:04 GMT -5
I must assume that Deerfield folks post here. I have couple of guesses....... Lol. I am from Deerfield now? Matt too?
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Post by traderdennis on Jul 13, 2018 17:27:26 GMT -5
The whole point of the warrants were to give owners the potential of buying at that price even if the share price was higher. There is no point of repricing warrants, they will just buy shares directly in an offering if desired at a lower price. It makes perfect sense to reprice the warrants because the street has already priced in with the dilution. The stock will take a small hit for the repricing but if they do another OFFERING the stock will get SLAMMED. Repricing is the lesser of 2 evils and you already have a buyer. those holding the warrants are likely looking to flip the shares not invest. As long as they can flip for profit they would accept buying in at a lower price. That is not likely. As I have said in prior posts those holding the warrants were looking for an arbitrage opportunity to sell naked calls or short the stock prior to the warrants converting to allow a second income string. Now the price is too low so it’s doubtful they will be exercised at all even with a discount.
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Post by tingtongtung on Jul 13, 2018 17:28:26 GMT -5
I must assume that Deerfield folks post here. I have couple of guesses....... Lol. I am from Deerfield now? Matt too? IMO.. You, matt bring some good points. matt says a lot of things - some extremely valuable information, and some weird things. But, if anyone asks some followup questions, he doesn't respond, which is extremely annoying.
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Post by matt on Jul 14, 2018 7:18:43 GMT -5
A ceiling for a year or two? That needs to be saved and re-posted in a few months. More correctly, I should have said that it is a ceiling for the next 5.75 million shares that Deerfield elects to convert. Since DF is limited to that quantity of shares, when 5.75 million shares have been issued under the conversion option that ceiling goes away. How long it takes DF to use up the stated quantity is anybody's guess, but it makes raising new funds at a price higher than $1.80 almost impossible as new money never wants to bail out old money.
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Post by sportsrancho on Jul 14, 2018 8:46:26 GMT -5
So sell equity and pay Deerfield off as soon as possible.
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Post by agedhippie on Jul 14, 2018 10:46:27 GMT -5
So sell equity and pay Deerfield off as soon as possible. Even after Deerfield loans are paid off they still own 10% of the cumulative net sales of Afrezza that Mannkind makes up to $300 million, and a lesser percentage beyond that. Milestone
| Payment | $50,000,000 Cumulative Net Sales
| $ 5,000,000
| $100,000,000 Cumulative Net Sales
| $ 5,000,000
| $150,000,000 Cumulative Net Sales
| $ 5,000,000
| $200,000,000 Cumulative Net Sales
| $ 5,000,000
| $250,000,000 Cumulative Net Sales
| $ 5,000,000
| $300,000,000 Cumulative Net Sales
| $ 5,000,000
| $400,000,000 Cumulative Net Sales
| $ 5,000,000
| $500,000,000 Cumulative Net Sales
| $ 5,000,000
| $750,000,000 Cumulative Net Sales | $ 10,000,000
| $1,000,000,000 Cumulative Net Sales | $ 10,000,000
| $1,500,000,000 Cumulative Net Sales | $ 15,000,000
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Post by goyocafe on Jul 14, 2018 11:11:40 GMT -5
So sell equity and pay Deerfield off as soon as possible. Even after Deerfield loans are paid off they still own 10% of the cumulative net sales of Afrezza that Mannkind makes up to $300 million, and a lesser percentage beyond that. Milestone
| Payment | $50,000,000 Cumulative Net Sales
| $ 5,000,000
| $100,000,000 Cumulative Net Sales
| $ 5,000,000
| $150,000,000 Cumulative Net Sales
| $ 5,000,000
| $200,000,000 Cumulative Net Sales
| $ 5,000,000
| $250,000,000 Cumulative Net Sales
| $ 5,000,000
| $300,000,000 Cumulative Net Sales
| $ 5,000,000
| $400,000,000 Cumulative Net Sales
| $ 5,000,000
| $500,000,000 Cumulative Net Sales
| $ 5,000,000
| $750,000,000 Cumulative Net Sales | $ 10,000,000
| $1,000,000,000 Cumulative Net Sales | $ 10,000,000
| $1,500,000,000 Cumulative Net Sales | $ 15,000,000
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I look forward to having that problem.
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Post by golfeveryday on Jul 14, 2018 11:33:09 GMT -5
Even after Deerfield loans are paid off they still own 10% of the cumulative net sales of Afrezza that Mannkind makes up to $300 million, and a lesser percentage beyond that. Milestone
| Payment | $50,000,000 Cumulative Net Sales
| $ 5,000,000
| $100,000,000 Cumulative Net Sales
| $ 5,000,000
| $150,000,000 Cumulative Net Sales
| $ 5,000,000
| $200,000,000 Cumulative Net Sales
| $ 5,000,000
| $250,000,000 Cumulative Net Sales
| $ 5,000,000
| $300,000,000 Cumulative Net Sales
| $ 5,000,000
| $400,000,000 Cumulative Net Sales
| $ 5,000,000
| $500,000,000 Cumulative Net Sales
| $ 5,000,000
| $750,000,000 Cumulative Net Sales | $ 10,000,000
| $1,000,000,000 Cumulative Net Sales | $ 10,000,000
| $1,500,000,000 Cumulative Net Sales | $ 15,000,000
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I look forward to having that problem. they want it to succeed too
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8K Filing
Jul 14, 2018 11:44:26 GMT -5
via mobile
Post by cjm18 on Jul 14, 2018 11:44:26 GMT -5
I look forward to having that problem. they want it to succeed too These are milestone payments. This means it’s a one time payment? Maxim was right back in October. Mannkind didn’t raise enough money. Also, they didn’t issue shares to pay off any Deerfield debt. I don’t recall having that many shares to do so. But I do remember mk scolding maxim’s analysis. Possible Near term catalysts to get price up before dilution. International deal - 5m upfront money won’t do it. Hockey sales- doesn’t seem to be happening Co promote deal - might help Partnership for pah drug- definitely help but just finished phase 1. I’m sitting in 50% cash waiting for dilution. We could test a dollar again.
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