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Post by mnkdfann on Dec 25, 2018 9:10:56 GMT -5
You are ignoring the fact that if (IF not WHEN) the share price drops below $1 they are required to do a RS within a few months or face delisting. Every time mnkd did a public offering in the past someone posted a message exactly like yours. "Somehow the new investors can see into the future and are smarter than we were when we purchased our stock." I do agree that the dilution was necessary or Mike would not have done it. It really is much closer to a 9 months + before a reverse split is required. IIRC, 30 days below 1.00 and then the company receives a letter from NASDAQ. The company has 6 months to rectify and can appeal once. I agree a RS to avoid delisting is not an urgent matter. As you wrote, it is a long process. Spencer O (earlier today in his latest) makes the point that the real concern is that once it closes under $1 (if it does) it will be out of compliance with Nasdaq listing requirements, and companies "outside compliance find it more difficult to get any financing accomplished" and being outside of compliance "could also be a detraction to potential partners, especially those that might consider a buy-in". Basically, limiting future moves. Of course, if the cash was needed it is what it is.
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Post by mnholdem on Dec 25, 2018 13:03:22 GMT -5
Stock price would have to close below $1 for 30 days. Let’s see how Wall Street reacts to CEO Castagna’s explanation for the offering before jumping to conclusions.
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Post by mytakeonit on Dec 25, 2018 14:37:46 GMT -5
Partnership with UTHR coming up ... if the share prices jumps up ... does Mike C still have to explain? I'm fine with whatever he wants to do. BTW, someone said that they are in Hawaii? Where are they staying and for how long?
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Post by awesomo on Dec 25, 2018 15:14:51 GMT -5
Hey mytakeonit, shouldn't you have enough shares by now to be majority owner?
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Post by agedhippie on Dec 25, 2018 18:13:47 GMT -5
Stock price would have to close below $1 for 30 days. Let’s see how Wall Street reacts to CEO Castagna’s explanation for the offering before jumping to conclusions. I seriously doubt how a micro-cap spends money it raised is of any interest at all to Wall Street in the present market climate. I think at the moment the price should settle around $1.20, but I also think it may well get hit by shorts trying to get it under the $1 mark.
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Post by mytakeonit on Dec 25, 2018 19:35:11 GMT -5
awesomo - I'm not a majority owner, but I do qualify to be in the top 25 funds category last time I checked. Which means nothing ... because my daughter gets it all including my tent.
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Post by #NoMoreNeedles on Dec 27, 2018 9:44:35 GMT -5
The shelf offering of 26,666,667 common shares would approximately equate to 10% ownership of 280M total oustanding shares including all warrants. Sounds like a co-promotion partner buy-in may be coming our way.
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Post by agedhippie on Dec 27, 2018 11:20:08 GMT -5
The shelf offering of 26,666,667 common shares would approximately equate to 10% ownership of 280M total oustanding shares including all warrants. Sounds like a co-promotion partner buy-in may be coming our way. If that case it would have been done differently - no need for a prospectus or underwriter, and there would be a PR to announce it from either the buyer, Mannkind, or both. This emphatically was not a co-promotion partner buy-in.
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Post by derek2 on Jan 24, 2019 17:54:05 GMT -5
well, I'm buying $1 calls over a number of expiries. Either the deal goes through at $1.50 and it helps the share price or it doesn't and we don't have dilution. Talk about deep analysis! Anyway, I'm happy to play the contrarian and accumulate. Sold the calls last week. Worked out well! Always the degenerate gambler.
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Post by mytakeonit on Jan 24, 2019 18:16:33 GMT -5
Should I buy the calls or sell the asks before the dilution of the expiries go into effect? Moooooo ...
And that's why I opted out of doing options.
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