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Post by tingtongtung on Aug 21, 2018 14:41:18 GMT -5
MNKD is back in low volumes.
That last week (2 weeks?) short attack where 9-10 million traded was:
1. something coordinated by shorts/darkpool/etc.
2. algos got confused after the initial manipulation by those crazy articles. (I doubt if such a tiny cap stock is picked up by algos. Could be wrong - I don't know about that area.)
3. Deerfield/financial firms who got the info about MNKD looking for some kind of financing?
4. Something else.
If 3, and MNKD got a bad deal from those firms, Mike may have withdrawn from the deal (which is commendable), and may be trying to close a better deal? May be he is getting a better deal? They cant be sitting and doing nothing. They will be doing something to raise cash.
I just want to sell some of my other fringe stocks, and buy some MNKD at around a dollar, and forget about it for a year or so.. Afrezza is getting decent traction, and pediatric tests should be out in another 6(?) months. TreT (TrepT is easier to say!) should have something in next few weeks. Epi seems like a no-go, or not a big deal -IMHO.
I think this probably is a good time to get in (I just don't know about the dilution part). I got a decent amount when it hit a dollar. I missed more buying under a dollar.
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Post by peppy on Aug 21, 2018 15:19:38 GMT -5
MNKD Nasdaq real time volume, 643,290 shares. MNKD Nasdaq summary volume, 1,151,560 shares. www.nasdaq.com/symbol/mnkdreal time saying 1.11 unchanged summary saying $1.12. Thanks liane for straightening out the thread. Not my best day. Pep |
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Post by mytakeonit on Aug 21, 2018 15:22:22 GMT -5
Spit always helps me straighten out the thread. Then, I do my eye of the tiger thing.
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Post by mnkdfann on Aug 21, 2018 15:24:56 GMT -5
MNKD is back in low volumes. That last week (2 weeks?) short attack where 9-10 million traded was: 1. something coordinated by shorts/darkpool/etc. 2. algos got confused after the initial manipulation by those crazy articles. (I doubt if such a tiny cap stock is picked up by algos. Could be wrong - I don't know about that area.) 3. Deerfield/financial firms who got the info about MNKD looking for some kind of financing? 4. Something else.If 3, and MNKD got a bad deal from those firms, Mike may have withdrawn from the deal (which is commendable), and may be trying to close a better deal? May be he is getting a better deal? They cant be sitting and doing nothing. They will be doing something to raise cash. There was this SEC filing on August 7, filed the day after MNKD fell below 1.00 on August 6: mnkd.proboards.com/thread/10330/new-form-8-filedinvestors.mannkindcorp.com/sec-filings/sec-filing/s-8/0001193125-18-241209 The SEC filing was a long (72 page-ish) document, and I'm not sure that anyone here ever came to grips with exactly what all it meant. Were the two events (the filing and the price drop) unrelated? Maybe. Seems to me that would be too coincidental, but YMMV. (If you believe some people on this forum, I managed the recent price drop myself with the aid of 20 alias accounts.  ) |
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Post by peppy on Aug 21, 2018 15:28:52 GMT -5
MNKD is back in low volumes. That last week (2 weeks?) short attack where 9-10 million traded was: 1. something coordinated by shorts/darkpool/etc. 2. algos got confused after the initial manipulation by those crazy articles. (I doubt if such a tiny cap stock is picked up by algos. Could be wrong - I don't know about that area.) 3. Deerfield/financial firms who got the info about MNKD looking for some kind of financing? 4. Something else.If 3, and MNKD got a bad deal from those firms, Mike may have withdrawn from the deal (which is commendable), and may be trying to close a better deal? May be he is getting a better deal? They cant be sitting and doing nothing. They will be doing something to raise cash. There was this SEC filing on August 7, filed the day after MNKD fell below 1.00 on August 6: mnkd.proboards.com/thread/10330/new-form-8-filedinvestors.mannkindcorp.com/sec-filings/sec-filing/s-8/0001193125-18-241209 The SEC filing was a long (72 page-ish) document, and I'm not sure that anyone here ever came to grips with exactly what all it meant. Were the two events (the filing and the price drop) unrelated? Maybe. Seems to me that would be too coincidental, but YMMV. I believe we all decided this was for the employee stock buying program. If I remember correctly. I am a little iffy today. |
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Post by traderdennis on Aug 21, 2018 15:29:04 GMT -5
MNKD is back in low volumes. That last week (2 weeks?) short attack where 9-10 million traded was: 1. something coordinated by shorts/darkpool/etc. 2. algos got confused after the initial manipulation by those crazy articles. (I doubt if such a tiny cap stock is picked up by algos. Could be wrong - I don't know about that area.) 3. Deerfield/financial firms who got the info about MNKD looking for some kind of financing? 4. Something else. If 3, and MNKD got a bad deal from those firms, Mike may have withdrawn from the deal (which is commendable), and may be trying to close a better deal? May be he is getting a better deal? They cant be sitting and doing nothing. They will be doing something to raise cash. I just want to sell some of my other fringe stocks, and buy some MNKD at around a dollar, and forget about it for a year or so.. Afrezza is getting decent traction, and pediatric tests should be out in another 6(?) months. TreT (TrepT is easier to say!) should have something in next few weeks. Epi seems like a no-go, or not a big deal -IMHO. I think this probably is a good time to get in (I just don't know about the dilution part). I got a decent amount when it hit a dollar. I missed more buying under a dollar. i am beginning to believe the Friday Aug 3rd crash was due to MNKD using the ATM facility to provide financing through the third quarter. The confirmation sign I will be looking for is how the short interest is reported in a few days. If the short share count remains near the same or increases only a few million shares, it will confirm that MNKD started selling tons of stock via the ATM facility which will be better than other alternatives and is a reasonable explanation of the drop in share price. If the short share count does rise significantly then it would lead to a short attack and be more dire news as the company has not recaptilized much. |
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Post by mnkdfann on Aug 21, 2018 15:31:58 GMT -5
I believe we all decided this was for the employee stock buying program. If I remember correctly. I am a little iffy today. Yes, but the unknown question was precisely how the shares were being used. The document listed several ways shares could be given out. As options, as bonuses, as payment for past work, etc. It was unclear who was getting shares and when, and whether shares were being gifted or purchased. I think I gave SEC filing page references in the thread I linked to. |
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Post by traderdennis on Aug 21, 2018 15:32:48 GMT -5
MNKD is back in low volumes. That last week (2 weeks?) short attack where 9-10 million traded was: 1. something coordinated by shorts/darkpool/etc. 2. algos got confused after the initial manipulation by those crazy articles. (I doubt if such a tiny cap stock is picked up by algos. Could be wrong - I don't know about that area.) 3. Deerfield/financial firms who got the info about MNKD looking for some kind of financing? 4. Something else.If 3, and MNKD got a bad deal from those firms, Mike may have withdrawn from the deal (which is commendable), and may be trying to close a better deal? May be he is getting a better deal? They cant be sitting and doing nothing. They will be doing something to raise cash. There was this SEC filing on August 7, filed the day after MNKD fell below 1.00 on August 6: mnkd.proboards.com/thread/10330/new-form-8-filedinvestors.mannkindcorp.com/sec-filings/sec-filing/s-8/0001193125-18-241209 The SEC filing was a long (72 page-ish) document, and I'm not sure that anyone here ever came to grips with exactly what all it meant. Were the two events (the filing and the price drop) unrelated? Maybe. Seems to me that would be too coincidental, but YMMV. (If you believe some people on this forum, I managed the recent price drop myself with the aid of 20 alias accounts. ) I believe this event really was a nothing burger, new esop at 1.05. Allows the company to pay partial salaries in discounted stock. |
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Post by mnkdfann on Aug 21, 2018 15:42:31 GMT -5
Yes, but the unknown question was precisely how the shares were being used. The document listed several ways shares could be given out. As options, as bonuses, as payment for past work, etc. It was unclear who was getting shares and when, and whether shares were being gifted or purchased. I think I gave SEC filing page references in the thread I linked to. That page was not found. At least for me. Looks like I did not give the page, I cut and pasted instead. I was talking about this bit: "Available Stock Awards. The Plan provides for the grant of the following types of Stock Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) Stock Appreciation Rights, (iv) Restricted Stock Awards, (v) Restricted Stock Unit Awards, (vi) Performance Stock Awards, and (vii) Other Stock Awards." That's on page 12. Then it discusses those types of awards elsewhere. For instance, on page 22 it notes what (for example) restricted stock awards may be given in exchange for: "A Restricted Stock Award may be awarded in consideration for (A) cash, check, bank draft or money order payable to the Company, (B) past services to the Company or an Affiliate, or (C) any other form of legal consideration (including future services) that may be acceptable to the Board, in its sole discretion, and permissible under applicable law." So as I said, it seems unclear as to who is getting what, when, and in exchange for what consideration. Page 9 mentions: "21,442,045 shares (the “EIP Shares”) reserved for issuance pursuant to the Company’s 2018 Equity Incentive Plan", i.e. the “EIP”. Maybe the EIP gives details as to who gets what, when, and for what, but I don't know where to find it. |
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Post by mnkdfann on Aug 21, 2018 15:48:29 GMT -5
I believe this event really was a nothing burger, new esop at 1.05. Allows the company to pay partial salaries in discounted stock. It does do that, but it seems to offer much more than that in addition. |
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Post by tingtongtung on Aug 21, 2018 16:33:28 GMT -5
That page was not found. At least for me. Looks like I did not give the page, I cut and pasted instead. I was talking about this bit: "Available Stock Awards. The Plan provides for the grant of the following types of Stock Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) Stock Appreciation Rights, (iv) Restricted Stock Awards, (v) Restricted Stock Unit Awards, (vi) Performance Stock Awards, and (vii) Other Stock Awards." That's on page 12. Then it discusses those types of awards elsewhere. For instance, on page 22 it notes what (for example) restricted stock awards may be given in exchange for: "A Restricted Stock Award may be awarded in consideration for (A) cash, check, bank draft or money order payable to the Company, (B) past services to the Company or an Affiliate, or (C) any other form of legal consideration (including future services) that may be acceptable to the Board, in its sole discretion, and permissible under applicable law." So as I said, it seems unclear as to who is getting what, when, and in exchange for what consideration. Page 9 mentions: "21,442,045 shares (the “EIP Shares”) reserved for issuance pursuant to the Company’s 2018 Equity Incentive Plan", i.e. the “EIP”. Maybe the EIP gives details as to who gets what, when, and for what, but I don't know where to find it. Right.. I understand that. Assuming MNKD did ATM to raise cash, it sold about 10-15 million? Do they have to file anything if they did that? Also, the ESOP is only for employees, not for vendors/others (IMO). May be they will get key people (Andrea...) from RLS using these? But, it is never at market value (always at a discount). So, how much can they get for 22 million shares? And, it is never for "in place for salary", it is always in addition to salary. Please correct me if I'm wrong. I always got ESOPs (whatever they are called) for specific goals/milestones. If you hit them, you get those options in addition to your salary and any other cash bonus on top of it (I was never offered shares in place of salary :-) in software industry). IMO, that's just for giving some stocks for their employees, and more specifically to keep RLS key people at MNKD - IMHO. |
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Post by tomtabb on Aug 21, 2018 17:21:57 GMT -5
I believe we all decided this was for the employee stock buying program. If I remember correctly. I am a little iffy today. Once stock is reserved for an employee plan, does it reduce the number of shares outstanding that are available for sale |
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Post by peppy on Aug 21, 2018 17:42:39 GMT -5
I believe we all decided this was for the employee stock buying program. If I remember correctly. I am a little iffy today. Once stock is reserved for an employee plan, does it reduce the number of shares outstanding that are available for sale Was it 140 million shares approved in total? yes, subtract those/these buy back program shares from shares authorized to be able to issue. All board members, what is the number of shares that can be allocated now? Are these number correct, or did I lose count? |
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Post by mytakeonit on Aug 21, 2018 17:49:06 GMT -5
OH NO ... that info was in Volume Fore !!!
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Post by mnkdfann on Aug 21, 2018 17:50:14 GMT -5
OH NO ... that info was in Volume Fore !!! Thoughtcrime!!! There is no / was never any Volume Fore. |
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