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Post by peppy on Aug 6, 2018 16:16:43 GMT -5
Such a great title for the thread and I'm pretty sure a little forethought went into it. Very nice, morgie! Baba, am I a Russian bot that is influential in the outcome of MNKD ownership? , please. |
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Post by rockstarrick on Aug 6, 2018 16:24:28 GMT -5
Don't count on it being over. They are just toying with us. My guess we are headed to a new low. Didn't we see .68 before? I'm guessing we see .50 this time. And I have a pile of dry powder just waiting if we do. the last time they dropped us under a buck I made a bunch of money, getting ready to do it again. |
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Post by thekindaguyiyam on Aug 6, 2018 16:43:12 GMT -5
Such a great title for the thread and I'm pretty sure a little forethought went into it. Very nice, morgie! If the stock was at $100 and not $1, I'm pretty sure there would be no problems with the thread title? It's all perception. "georgie porgie puddin and pie kissed the girls and made them cry. When the boys came out to play georgie porgie ran away" Amazing how many posters I have seen over the years who clearly have an agenda, but claim they don't while demonstrating the opposite. |
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Post by brotherm1 on Aug 7, 2018 9:57:32 GMT -5
It's interesting that Friday's big sell-off occurred between 2 and 3 pm and today's little sell-off occurred in the same time interval. Maybe a computer kicking in? Not likely. Selling is technical in nature based on the cash runway of the company. The longer the company takes to announce how it will fund future operations, the more of these sell offs will occur. I must admit, this is something I’ve not thought about before. Don’t know if it happened, but for a scenario: if mnkd somehow used he ATM and rasied a month or so of operating cash and announced it, would that data be entered into funds’ trading programs? |
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Post by traderdennis on Aug 7, 2018 10:37:43 GMT -5
Not likely. Selling is technical in nature based on the cash runway of the company. The longer the company takes to announce how it will fund future operations, the more of these sell offs will occur. I must admit, this is something I’ve not thought about before. Don’t know if it happened, but for a scenario: if mnkd somehow used he ATM and rasied a month or so of operating cash and announced it, would that data be entered into funds’ trading programs? I think it is more analog in nature. Some hedge fund. looked at the 10q and decided to dogpile on the poor cash situation. The longer it takes to figure the issue out the more hedge funds may follow. |
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Post by agedhippie on Aug 7, 2018 11:36:11 GMT -5
The logic is quite clear. The company absolutely must raise money over the next eight weeks or so and that will have to involve dilution given the revenue miss and the lack of assets to secure a loan. The hedge fund knows that the shares will effectively create a discount to the current price so there is an arbitrage there between the price and the discounted price. So the hedge fund piles in and the price drops, this is a bonus for the hedge fund since it adds to the margin in the arbitrage.
I think the likely outcome is that Deerfield will provide the money at a price. They have first claim on the assets so they are covered, and they will want to get their warrants repriced. My bet would be that Deerfield buy stock at a small discount, and the warrants get repriced to the current price. Deerfield will make money on the stock arbitrage, and have a heap of cheap warrants to secure a short position.
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Post by peppy on Aug 7, 2018 11:44:10 GMT -5
The logic is quite clear. The company absolutely must raise money over the next eight weeks or so and that will have to involve dilution given the revenue miss and the lack of assets to secure a loan. The hedge fund knows that the shares will effectively create a discount to the current price so there is an arbitrage there between the price and the discounted price. So the hedge fund piles in and the price drops, this is a bonus for the hedge fund since it adds to the margin in the arbitrage. I think the likely outcome is that Deerfield will provide the money at a price. They have first claim on the assets so they are covered, and they will want to get their warrants repriced. My bet would be that Deerfield buy stock at a small discount, and the warrants get repriced to the current price. Deerfield will make money on the stock arbitrage, and have a heap of cheap warrants to secure a short position.Three current and former partners at Deerfield Management, a health care hedge fund firm, paid Mr. Blaszczak to provide inside information about policy decisions at the Centers for Medicare and Medicaid Services, leading to millions of dollars in illegal profits, federal prosecutors in Manhattan and securities regulators said. www.sec.gov/litigation/complaints/2017/comp-pr2017-109.pdfINFORMATION NOT RELEASEABLE TO THE PUBLIC UNLESS AUTHORIZED BY LAW: This information has not been publicly disclosed and may be privileged and confidential. It is for internal government use only and must not be disseminated, distributed, or copied to persons not authorized to receive the information. Unauthorized disclosure may result in prosecution to the full extent of the law. Really aged? They are your/ our pals? |
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Post by ilovekauai on Aug 7, 2018 11:51:59 GMT -5
And those bast**ds are all over the internet this morning with more hit pieces that have dire headers. So disgusting. All I do is see the header in my email and I delete their trash-talk, because to me it's just all garbage. I know it's hard to see all the goodness in Afrezza when under this attack like this, and I always said more of this was coming, and here it is.
However, I maintain we will prevail in the end. Add if you can at this great price and hang tough true Longs! Cheers.
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Post by agedhippie on Aug 7, 2018 12:32:44 GMT -5
The logic is quite clear. The company absolutely must raise money over the next eight weeks or so and that will have to involve dilution given the revenue miss and the lack of assets to secure a loan. The hedge fund knows that the shares will effectively create a discount to the current price so there is an arbitrage there between the price and the discounted price. So the hedge fund piles in and the price drops, this is a bonus for the hedge fund since it adds to the margin in the arbitrage. I think the likely outcome is that Deerfield will provide the money at a price. They have first claim on the assets so they are covered, and they will want to get their warrants repriced. My bet would be that Deerfield buy stock at a small discount, and the warrants get repriced to the current price. Deerfield will make money on the stock arbitrage, and have a heap of cheap warrants to secure a short position.Three current and former partners at Deerfield Management, a health care hedge fund firm, paid Mr. Blaszczak to provide inside information about policy decisions at the Centers for Medicare and Medicaid Services, leading to millions of dollars in illegal profits, federal prosecutors in Manhattan and securities regulators said. www.sec.gov/litigation/complaints/2017/comp-pr2017-109.pdfINFORMATION NOT RELEASEABLE TO THE PUBLIC UNLESS AUTHORIZED BY LAW: This information has not been publicly disclosed and may be privileged and confidential. It is for internal government use only and must not be disseminated, distributed, or copied to persons not authorized to receive the information. Unauthorized disclosure may result in prosecution to the full extent of the law. Really aged? They are your/ our pals? They are not our pals (nor would they want to be I suspect), but they have first claim on all the assets so nobody is going to lend unless Deerfield waives their rights and that is not going to happening. That leaves the options as a loan from Deerfield or a placing via Wainwrights (very possibly both). There is no good option. |
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Post by peppy on Aug 7, 2018 12:41:39 GMT -5
www.nytimes.com/2017/05/24/business/dealbook/five-accused-of-trading-illegally-on-health-policy-leaks.htmlThree current and former partners at Deerfield Management, a health care hedge fund firm, paid Mr. Blaszczak to provide inside information about policy decisions at the Centers for Medicare and Medicaid Services, leading to millions of dollars in illegal profits, federal prosecutors in Manhattan and securities regulators said. www.sec.gov/litigation/complaints/2017/comp-pr2017-109.pdfINFORMATION NOT RELEASEABLE TO THE PUBLIC UNLESS AUTHORIZED BY LAW: This information has not been publicly disclosed and may be privileged and confidential. It is for internal government use only and must not be disseminated, distributed, or copied to persons not authorized to receive the information. Unauthorized disclosure may result in prosecution to the full extent of the law. Really aged? They are your/ our pals? They are not our pals (nor would they want to be I suspect), but they have first claim on all the assets so nobody is going to lend unless Deerfield waives their rights and that is not going to happening. That leaves the options as a loan from Deerfield or a placing via Wainwrights (very possibly both). There is no good option. too bad we can not make a deal with the alleged criminals. It seems deerfield has been paid in full by shorting MNKD all the way down. Millions they made millions. |
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Post by sweedee79 on Aug 7, 2018 13:02:14 GMT -5
It appears we made a deal with the devil...
It also looks as though our situation has been more difficult than any of us really knew..
Not sure what is going on now.. we seem to be left in the dark ..
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Post by goyocafe on Aug 7, 2018 13:07:23 GMT -5
It appears we made a deal with the devil... It also looks as though our situation has been more difficult than any of us really knew.. Not sure what is going on now.. we seem to be left in the dark .. It seems to me that there’s more upside for Deerfield if they just get out of the way at this point and take the shares they have and sell them at much higher prices. |
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Post by sweedee79 on Aug 7, 2018 13:10:40 GMT -5
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Post by awesomo on Aug 7, 2018 13:14:12 GMT -5
It appears we made a deal with the devil... It also looks as though our situation has been more difficult than any of us really knew.. Not sure what is going on now.. we seem to be left in the dark .. It seems to me that there’s more upside for Deerfield if they just get out of the way at this point and take the shares they have and sell them at much higher prices. More upside maybe, but they'll lose control and leverage over MannKind. Right now, they can do whatever they please and common shareholders are essentially at their mercy. |
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Post by peppy on Aug 7, 2018 13:40:31 GMT -5
thinking deerfield through, secured the assets with finance, and then participated in reducing financing through the shorting of the stock price?
To make money.
To be left with the assets?
Both?
it there a word for that?
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