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Post by golfeveryday on Aug 7, 2018 18:30:44 GMT -5
Means we have monies till the end of the year ... when the rocket takes off.
OR ... E = MC baba ... oh ... I mean squared.
Totally incorrect. If the company received 22 million dollars today that might be enough to keep the covenant with Deerfield for the third quarter. A funding round would be required again the the fourth quarter assuming nothing else occurs between now and then |
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Post by mytakeonit on Aug 7, 2018 18:38:57 GMT -5
Let's see ... Mike C said that we had enough cash till October ... then add to that 22M  Yeah, I guess you're right TD ... |
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Post by hellodolly on Aug 7, 2018 18:52:55 GMT -5
Since we are all guessing, I'll throw in my .02 cents.
1. Stock "incentive" plans allow management to award stocks to employees as incentives for reaching certain milestones and goals as set forth by MNKD guidelines. It can be to anyone who is eligible, under employment agreements, to award these incentivized shares. For instance, a CEO may be eligible simply by reaching a certain MC, or reaching guidance, attending X events, reducing expenses, or all of it together, etc. For the sales staff, it could mean attending a certain number of visits or promoting sales, etc with predetermined X milestones. The $1.05 locks in the price MNKD will pay for those shares, now and in the future, to award their employees.
2. The shares that have been set aside are available to purchase by MNKD employees.
That's my story and I'm sticking to it.
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Post by compound26 on Aug 7, 2018 19:05:32 GMT -5
Haven't checked the relevant documents  , but I guess these 22 million of shares incentives will be exercised on a multiple year basis. So it's probably not likely that the management can use up these shares all at once this year.  |
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Post by sportsrancho on Aug 7, 2018 20:04:21 GMT -5
MNKD has 200 employees I believe, or around there.
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Post by mytakeonit on Aug 7, 2018 20:25:03 GMT -5
201 ... I just sent in my job application.
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Post by peppy on Aug 7, 2018 20:49:26 GMT -5
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Post by tugman on Aug 7, 2018 20:51:44 GMT -5
A reward? The employee shares, perhaps? Goodness, a BO and the shares are a reward prior to new owners taking control?
A man can dream...
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Post by mytakeonit on Aug 7, 2018 22:11:02 GMT -5
hey peppy ... why are those vegans so over weight and hugging cattle? Ahhh ... we live the good life here. And yes, we do have great health care insurance coverage ... that the mainland groups are trying to copy. Btw, you can see my tent in that Diamond Head pic. We put the wine in the coconut and mix em all up. ALOHAHAHA ! |
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Post by peppy on Aug 8, 2018 6:11:20 GMT -5
hey peppy ... why are those vegans so over weight and hugging cattle? Ahhh ... we live the good life here. And yes, we do have great health care insurance coverage ... that the mainland groups are trying to copy. Btw, you can see my tent in that Diamond Head pic. We put the wine in the coconut and mix em all up. ALOHAHAHA ! Because the cattle were standing on the road, we had to lead them off. When I was in Hawaii in the 1990's Maui, we took a drive around the island, their where a few cattle on the road. Vegetarians are not fat, those are vegans, |
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Post by morfu on Aug 8, 2018 6:20:51 GMT -5
From the earning call last week "At this point, we look to finish up the recapitalization plan that Steve and I started over a year ago and we believe this will put us on the pathway to cash-flow breakeven.
As you look at the options on the slide, you can see that there are many options to recapitalize the company, and we do not expect equity/continued dilution will be the predominant way we grow our cash-flow to breakeven."
It did not take him long to proof this statement wrong! It is bad enough, that the short trying to steal the longs money . .
While it seems a valid idea to react to a share dump like last week, I would rather see him and his management buying 22mil shares on the market like everybody else.. announcing this cheap share deal a day after an attack like that, does not look honorable..
Kastanga does know, that most of the stockholder management relation is based on trust?
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Post by sportsrancho on Aug 8, 2018 7:08:21 GMT -5
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Post by tbone on Aug 8, 2018 7:38:54 GMT -5
I’ll bite. It means we’ll be making our next payment of interest and /or principal to DF with 80-cent shares.
It appears the strategy right now at MannKind is to renegotiate with DF every few months to lick the can down the road a bit, hoping for some meaningful improvement in Afrezza sales. Until then, DF is the only one willing to buy shares, and that’s for the sole purpose of protecting its MNKD debt. And we’ve currently reached the point where they need to dilute current shareholders by 25% JUST to fund another quarter of operations. This is the death spiral you’ve heard spoken of.
It still seems that Afrezza should one day become what Al envisioned. Perhaps it will one day and probably in the hands of other than MannKind. I think that’s the sad truth.
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Post by morgieporgie on Aug 8, 2018 8:53:15 GMT -5
Put me on record that in the coming days/weeks, we will see a huge insider buy by Dr. Kendall. This will make believers out of non-believers, imho.
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Post by tinkusr8215 on Aug 8, 2018 15:27:24 GMT -5
So if employee's get to purchase the incentive shares at $1.05 - Great the company gets the $ and can fund operations.
But look at the timing.
The management very well were able to file the plan on the lowest price it traded for what like almost an yr now? I am a bit taken back by this , but what can I do.. I am not in such a position to question them.
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, but I guess these 22 million of shares incentives will be exercised on a multiple year basis. So it's probably not likely that the management can use up these shares all at once this year. 
