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Post by Deleted on Jul 31, 2018 12:51:11 GMT -5
Thoughts on how much cash the company needs to raise? Sans any ATM funding going on as of late, there should be enough cash to last until early October. I remember ProBoards Matt saying no one raises money at the end of the year and I am assuming first few weeks of January are pretty quiet too. Also assuming it is never prudent to run the cash tank down below 8 weeks minimum. Fair to say enough cash is needed to get the company to mid-March?
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Post by tinkusr8215 on Jul 31, 2018 12:59:00 GMT -5
Thoughts on how much cash the company needs to raise? Sans any ATM funding going on as of late, there should be enough cash to last until early October. I remember ProBoards Matt saying no one raises money at the end of the year and I am assuming first few weeks of January are pretty quiet too. Also assuming it is never prudent to run the cash tank down below 8 weeks minimum. Fair to say enough cash is needed to get the company to mid-March? I think many here wouldnt know to tell you or pay attention and would probably spin some conspiracy theory on you for asking such a question.
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Post by peppy on Jul 31, 2018 13:09:22 GMT -5
Thoughts on how much cash the company needs to raise? Sans any ATM funding going on as of late, there should be enough cash to last until early October. I remember ProBoards Matt saying no one raises money at the end of the year and I am assuming first few weeks of January are pretty quiet too. Also assuming it is never prudent to run the cash tank down below 8 weeks minimum. Fair to say enough cash is needed to get the company to mid-March? I think many here wouldnt know to tell you or pay attention and would probably spin some conspiracy theory on you for asking such a question.
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Post by tinkusr8215 on Jul 31, 2018 13:25:20 GMT -5
I think many here wouldnt know to tell you or pay attention and would probably spin some conspiracy theory on you for asking such a question.
seems to me you dont have an answer? |
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Post by matt on Jul 31, 2018 14:19:54 GMT -5
Thoughts on how much cash the company needs to raise? Sans any ATM funding going on as of late, there should be enough cash to last until early October. I remember ProBoards Matt saying no one raises money at the end of the year and I am assuming first few weeks of January are pretty quiet too. Also assuming it is never prudent to run the cash tank down below 8 weeks minimum. Fair to say enough cash is needed to get the company to mid-March? Eight weeks of cash is cutting it very, very close because unexpected things can happen that are entirely out of a company's control. These include a general economic meltdown (2008 housing crisis), unexpected world events (9/11 attack), or something else that effectively shuts down the financial markets for a few months. Loss of market access on reasonable terms is essentially game over for undercapitalized companies when it happens. That is why auditors are required to give a going concern opinion on any company that does not have at least six months of anticipated expenses on hand in freely available cash. As for how much, there is no easy answer. The more a company raises at once the larger the discounts and warrant coverage need to be since the market views that as new investors taking on more risk. The alternative is to do multiple small raises where the discounts are less, but if a company does dilutive raises too often that can be equally bad. Finally, Mike and his team know what projects they have in the queue that might cross the finish line sooner rather than later. If management expects a big win in the near term, they can use that news to raise more money and probably should. However, since only management knows what those projects are or how positive those developments might be there is really no way for shareholders to accurate forecast those events. You are likewise correct that there are dark periods for raising money, and as you might expect not a lot gets done after Thanksgiving. Some deals do get done in late November / early December especially when Thanksgiving comes early like it does this year, but the closer it gets to Christmas / New Years the harder it becomes (harder=bigger discounts and more warrants). A lot also depends on what management thinks Q3 is going to look like since those results hit around November 10 and will affect investor sentiment one way or the other; that can push the decision backward or forward a few weeks. Again, management will know how Q3 is shaping up by Labor Day and can plan accordingly. There is an old saying in biotech; take the money when you can get it and not when you need it. |
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Post by Deleted on Jul 31, 2018 14:23:12 GMT -5
Thoughts on how much cash the company needs to raise? Sans any ATM funding going on as of late, there should be enough cash to last until early October. I remember ProBoards Matt saying no one raises money at the end of the year and I am assuming first few weeks of January are pretty quiet too. Also assuming it is never prudent to run the cash tank down below 8 weeks minimum. Fair to say enough cash is needed to get the company to mid-March? Eight weeks of cash is cutting it very, very close because unexpected things can happen that are entirely out of a company's control. These include a general economic meltdown (2008 housing crisis), unexpected world events (9/11 attack), or something else that effectively shuts down the financial markets for a few months. Loss of market access on reasonable terms is essentially game over for undercapitalized companies when it happens. That is why auditors are required to give a going concern opinion on any company that does not have at least six months of anticipated expenses on hand in freely available cash. As for how much, there is no easy answer. The more a company raises at once the larger the discounts and warrant coverage need to be since the market views that as new investors taking on more risk. The alternative is to do multiple small raises where the discounts are less, but if a company does dilutive raises too often that can be equally bad. Finally, Mike and his team know what projects they have in the queue that might cross the finish line sooner rather than later. If management expects a big win in the near term, they can use that news to raise more money and probably should. However, since only management knows what those projects are or how positive those developments might be there is really no way for shareholders to accurate forecast those events. You are likewise correct that there are dark periods for raising money, and as you might expect not a lot gets done after Thanksgiving. Some deals do get done in late November / early December especially when Thanksgiving comes early like it does this year, but the closer it gets to Christmas / New Years the harder it becomes (harder=bigger discounts and more warrants). A lot also depends on what management thinks Q3 is going to look like since those results hit around November 10 and will affect investor sentiment one way or the other; that can push the decision backward or forward a few weeks. Again, management will know how Q3 is shaping up by Labor Day and can plan accordingly. There is an old saying in biotech; take the money when you can get it and not when you need it. Thanks Matt. |
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Post by sportsrancho on Jul 31, 2018 14:26:01 GMT -5
Thoughts on how much cash the company needs to raise? Sans any ATM funding going on as of late, there should be enough cash to last until early October. I remember ProBoards Matt saying no one raises money at the end of the year and I am assuming first few weeks of January are pretty quiet too. Also assuming it is never prudent to run the cash tank down below 8 weeks minimum. Fair to say enough cash is needed to get the company to mid-March? 60m I’m guessing.... |
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Post by mytakeonit on Jul 31, 2018 15:09:00 GMT -5
Up 7 cents ... would have made enough today to buy that new tent ... if E*Trade worked faster. tick ... tick ... tick ... still waiting E*Trade !!!
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Post by goyocafe on Jul 31, 2018 15:13:45 GMT -5
Up 7 cents ... would have made enough today to buy that new tent ... if E*Trade worked faster. tick ... tick ... tick ... still waiting E*Trade !!! For about $25 you can wire money to your E*Trade account and it gets there in about 2 hours or less. |
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Post by mytakeonit on Jul 31, 2018 18:41:32 GMT -5
goyo - E*Trade got my money on Friday ... it was out of my bank account here ... they just aren't letting me use it yet. They know that as soon as I am authorized to use it ... then it is gone from their bank.
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Post by mnholdem on Jul 31, 2018 19:23:14 GMT -5
Does the bank need it to finance your neighbor’s yacht?
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Post by peppy on Jul 31, 2018 19:35:07 GMT -5
Does the bank need it to finance your neighbor’s yacht? |
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Post by brotherm1 on Jul 31, 2018 19:54:11 GMT -5
Too funny. I stopped for a bite in a water hole and that song just now finished playing on the stereo here. Haven’t heard that song in years till now. I think it’s a good sign
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Post by tinkusr8215 on Aug 1, 2018 12:39:11 GMT -5
goyo - E*Trade got my money on Friday ... it was out of my bank account here ... they just aren't letting me use it yet. They know that as soon as I am authorized to use it ... then it is gone from their bank. As previously mentioned by some other poster.. If you wire the money, they should make it available as soon as they receive the wire. If you do ACH - some brokers hold the money until its cleared. ACH - 3 days is the industry norm
or may be they are conspiring to not make you buy MNKD  |
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Post by babaoriley on Aug 1, 2018 12:44:35 GMT -5
We seem to live in the past because we don’t know what the future holds. I do believe past management was a little guilty of that. But it’s a whole new company now. Damn, is that Sports or Plato?  |
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