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Post by traderdennis on Feb 22, 2019 9:19:38 GMT -5
It feels like a pump and dump by Sabby to get to sell short their warrants. Just my opinion. Is Sabby connected to Leerink? I don’t know about the danny connection. As for leerick they were lead bookrunner for the December financing. Their upgrade looks like a conflict and just a way to get their clients out and profit of MNKD on the backs of retail. |
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Post by prcgorman2 on Feb 22, 2019 9:49:26 GMT -5
Here's hoping their short-term gain on the backs of retail results in long-term gain for silly retail buy-and-hold investors like me.
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Post by brotherm1 on Feb 22, 2019 11:06:46 GMT -5
Is Sabby connected to Leerink? I don’t know about the danny connection. As for leerick they were lead bookrunner for the December financing. Their upgrade looks like a conflict and just a way to get their clients out and profit of MNKD on the backs of retail. If this is so, then it would appear their client’s did not short the December shares afterall as you were initially thinking? |
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Post by porkini on Feb 22, 2019 11:16:31 GMT -5
danny = Sabby ? ? ?
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Post by traderdennis on Feb 22, 2019 12:27:19 GMT -5
6:30 am on the left coast and auto correct on my phone.  |
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Post by awesomo on Feb 22, 2019 12:53:30 GMT -5
I don’t know about the danny connection. As for leerick they were lead bookrunner for the December financing. Their upgrade looks like a conflict and just a way to get their clients out and profit of MNKD on the backs of retail. If this is so, then it would appear their client’s did not short the December shares afterall as you were initially thinking? Warrant holders can/will short after the price goes above their strike price ($1.50). So there is a clear incentive to push it over that value. |
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Post by brotherm1 on Feb 22, 2019 13:00:55 GMT -5
That would be ridiculous to do (too risky) if they had not already shorted before the offering closed. And you just clearly muddied my question I asked of Dennis.
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Post by awesomo on Feb 22, 2019 13:12:09 GMT -5
That would be ridiculous to do (too risky) if they had not already shorted before the offering closed. And you just clearly muddied my question I asked of Dennis. What? The whole point of shorting as a warrant holder above your strike price is that there is NO RISK. It's a complete arbitrage opportunity because even if the share price takes off and never comes down, you can just exercise the warrants and buy at $1.50 10 months from now when the warrants expire. |
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Post by brotherm1 on Feb 22, 2019 13:29:06 GMT -5
Would it not make more sense to short shares before the offering and cover after the offering knowing that the offer will dilute and the price will fall? Seems to me it would be much less risk and greater reward.
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Post by awesomo on Feb 22, 2019 13:36:46 GMT -5
Would it not make more sense to short shares before the offering and cover after the offering knowing that the offer will dilute and the price will fall? Seems to me it would be much less risk and greater reward. You would do both ideally. Again, warrant holders have no risk to short until their warrants expire. Short, cover, short, cover, short, cover.... This is why crappy warrants are so extremely toxic to share price appreciation. |
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Post by brotherm1 on Feb 22, 2019 13:40:46 GMT -5
Makes sense, I think. Thanks. My brain is toast right now.
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Post by brotherm1 on Feb 22, 2019 13:45:17 GMT -5
Although I still think if I were playing that short warrant game, I would short before the offer closed and cover after the drop and be done with it.
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Post by sweedee79 on Feb 22, 2019 13:45:40 GMT -5
Would it not make more sense to short shares before the offering and cover after the offering knowing that the offer will dilute and the price will fall? Seems to me it would be much less risk and greater reward. On another thread factsplus stated that her husband knows of Leerlink and tha t they have a good reputation.. maybe they are interested in more than just a short.. On another thread I saw that Leerlink supports JDRF.. Who knows what's going on.. but this doesn't sound like the other investment banks we have been involved with.. sounds like they might have more integrity. Yeah I know.. maybe I'm being naive..!!! |
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akil
Newbie
Posts: 21 
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Post by akil on Feb 22, 2019 13:52:11 GMT -5
Once in a while, it is a good idea to think through before writing online. It benefits everyone.
A warrant is just another name for a call option with a specified strike price. Only difference is that you send the strike price to the company instead of the options clearing house.
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Post by bones1026 on Feb 22, 2019 13:52:14 GMT -5
Would it not make more sense to short shares before the offering and cover after the offering knowing that the offer will dilute and the price will fall? Seems to me it would be much less risk and greater reward. On another thread factsplus stated that her husband knows of Leerlink and tha t they have a good reputation.. maybe they are interested in more than just a short.. On another thread I saw that Leerlink supports JDRF.. Who knows what's going on.. but this doesn't sound like the other investment banks we have been involved with.. sounds like they might have more integrity. Yeah I know.. maybe I'm being naive..!!! Plus is Leerink was considered a “chop shop”, our old pal AF would have called that out in his tweet. He could only go after the analyst who is “too inexperienced”...even though he is 49 years old and has been doing this for decades (as a more informed shareholder pointed out) |
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