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Post by lojothehus on Jul 18, 2018 12:59:00 GMT -5
People want information. Then they get it, then they don't know what it means. Information for the most part is confusing, because it's incomplete. However, it is fun, to an extent, to watch the skirmishes - like throwing a big chunk of raw meat in the midst of a pack of wild dogs. Please do not draw the inference that I know what the information means - I've long given up on trying to interpret with less than all the salient facts. Share price is what I watch. Script count next. Agreed, "SHOW ME THE MONEY!" |
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Post by morgieporgie on Jul 18, 2018 17:13:49 GMT -5
People want information. Then they get it, then they don't know what it means. Information for the most part is confusing, because it's incomplete. However, it is fun, to an extent, to watch the skirmishes - like throwing a big chunk of raw meat in the midst of a pack of wild dogs. Please do not draw the inference that I know what the information means - I've long given up on trying to interpret with less than all the salient facts. Share price is what I watch. Script count next. Thanks Baba, I personally believe it's an Eminence Front, a put on. Bahaha! Great tune.. |
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Post by sayhey24 on Jul 18, 2018 20:08:43 GMT -5
People have short memory mnkd.proboards.com/thread/9097/deerfield-13fDeerfield is not in the business of investing. They provide debt and have ways to recover debt. This filing is for the shares they received for exchange. Once they re allocate the shares to shares that are shorted - they will no longer be a 5% owner. Isnt that what happened last time? Agree with some of your point, but not all. I agree with your notion that Deerfield tends to be in the debt business and usually sells out shares it is issued. I stated this in a number of my recent posts.
And if you care to look, I go over my opinion why I disagree with the whole pre shorting "theory" put forward by some.
So if Deerfield had pre-shorted or had done so through warrants or options that would have been included in the beneficial ownership calculation (did I get that right traderdennis ?)
But through the footnotes, what we see is only long 8.8M shares of common stock and the potential 5.75M through the converts.
More over they only received 7,367,839 shares for the recent exchange, so they were holding an additional 1.46M long prior.
As you noted, Deerfield has historically sold out any shares it has received in prior exchanges. I like others was also surprised to see the 1.46M long held over. Since I don't have any additional insight on MNKD's operations, I would most likely expect them to follow their pattern and sell some shares.
What does this mean? Sorry, I've got no other insight. Pure speculation - Could it be positive indicator on what Deerfield sees coming for MNKD? - Sure. Could it just be DF looking to take some time to liquidate their long? -Sure.
Only indication I would suggest, is DF's actions are not of a lender predicting BK for the borrower.
Good question - I saw the 13G posted, remembered the 7.3M number, hadn't had the chance to read all the footnotes but was wondering what was going on. So, Deerfield Private Design Fund II, L.P. has 4.1M and Deerfield Private Design International II, L.P has 4.7M for the 8.8M total.
I always assumed Deerfield sold first and covered on the conversion but the 1.46M seems way out of character. I have to agree their actions are not of a lender predicting BK for the borrower. Maybe they believe Dr. Kendall too and think he can deliver.
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