|
Post by bradleysbest on Aug 9, 2014 15:41:06 GMT -5
Pardon my ignorance, if trading is halted do they make an announcement? Not sure how this works?
|
|
|
Post by BD on Aug 9, 2014 16:20:00 GMT -5
Pardon my ignorance, if trading is halted do they make an announcement? Not sure how this works? It gets people excited when a halt happens, so the news travels fast.. especially when news is being anticipated, as it is here. But there's always the official NASDAQ Trading Halts page: www.nasdaqtrader.com/Trader.aspx?id=TradehaltsI often look here to make sure it wasn't some idjut just posting "Halted!" because he/she thought it would be fun to do.
|
|
|
Post by mnholdem on Aug 9, 2014 16:20:36 GMT -5
Pardon my ignorance, if trading is halted do they make an announcement? Not sure how this works? NASDAQ T1,T2,T3 halts are initiated for announcements and, by rule, it's Mannkind's responsibilty to notify NASDAQ at least 15 minutes beforehand. Same with any partner. So if both MNKD and BP are halted simultaneously for a joint announcement, you'll be able to surmise who the deal is with a few minutes ahead of everyone. The other halt that can be initiated is a Short Sales Circuit Breaker. When a manipulator pulls the pps down a certain percentage, trading is halted for 5-15 minutes. This happened at the close of trading June 27 when the FDA approval announcement was made. I did find it curious that the company didn't call in to NASDAQ to halt trading for the announcement, just as I found it reprehensible that the FDA made the announcement a few minutes before closing instead of waiting for the market to close. There was definitely collusion, as a false report hit the internet, the stock dropped over $2, then the market closed. PPS rose in after hours trading to a level higher than before the manipulator struck, but I estimated that trader made nearly $50 million from two huge trades, not to mention the $millions in AH trades. Incidently, a Circuit Breaker can suspend all short trading for 24 hours. I believe that happened and no short trading was permitted until the following Tuesday. I have set up a NASDAQ account and my office email gets halt notifications within 15 seconds. I'll be really glad when I can de-activate it. You cannot chose alerts by company with NASDAQ so some days I get over 100 email alerts. I just scroll through looking for the MNKD ticker. It's a pain in the shorts, although I have found some interesting companies to put on my watch list.
|
|
|
Post by bradleysbest on Aug 9, 2014 16:35:46 GMT -5
Thx! I will also check this board for updates!
|
|
|
Post by mattm on Aug 10, 2014 2:45:00 GMT -5
Pardon my ignorance, if trading is halted do they make an announcement? Not sure how this works? I did find it curious that the company didn't call in to NASDAQ to halt trading for the announcement, just as I found it reprehensible that the FDA made the announcement a few minutes before closing instead of waiting for the market to close. Did anyone ever get an answer from the company as to why no halt was made? I emailed IR shortly after June 27th, but never got a reply back.
|
|
|
Post by daduke38 on Aug 10, 2014 6:04:35 GMT -5
I never thought there would be so many replies. Over all, doesn't seem to be much optimism (or maybe it's guarded) to an announcement on Monday. I still think there will be one, but it looks like a partnership. Was really hoping for a buy out of the "A" franchise with MNKD keeping Technosphere, but I think that is pretty much out the window. Trading may get wild tomorrow, so good luck to all and thanks for all your thoughts!
|
|
|
Post by Chris on Aug 10, 2014 6:44:48 GMT -5
Tommorrow is a buying opportunity on the dip below 8.
1 out of 10 on a partnership announcement. Too much anticipation and loose hands will sell part or all of their holdings. Al Mann has always stated he was in no rush for a partnership although open for one and everyone in management understands the strategic importance of a joint venture.
The finalization of a partnership in under 2 months after FDA approval would be phenomenally quick. A partnership could very well occur but my gut tells me we are at least 1-4 more months out. Al once learned a valuable lesson when he was young, he sold his missile technology to the US Military to quickly - he vowed never to rush a deal again.
Just some questions:
MNKD's partner could very well be a company outside of the pharma sector, how will the market react? MNKD's partner could very well be a marketing specific company, how will the market react? MNKD may be willing to give up a larger milestone payment in exchange for higher cuts, how will the market react depending on the terms of X partnership? EU submissions may be handled by the partner immediately, how will MNKD stock react? MNKD may announce additional trials to change labeling, how will the market react? MNKD decieds to go solo, how will the market react? MNKD partners with a globally recognized top tier pharmaceutical company, what happens? MNKD partners with a less known pharma corporation - what's the reaction? Everyone here becomes a millionare, where do we throw the party?
|
|
|
Post by dreamboatcruise on Aug 10, 2014 11:18:55 GMT -5
Tommorrow is a buying opportunity on the dip below 8. 1 out of 10 on a partnership announcement. Too much anticipation and loose hands will sell part or all of their holdings. Al Mann has always stated he was in no rush for a partnership although open for one and everyone in management understands the strategic importance of a joint venture. The finalization of a partnership in under 2 months after FDA approval would be phenomenally quick. A partnership could very well occur but my gut tells me we are at least 1-4 more months out. Al once learned a valuable lesson when he was young, he sold his missile technology to the US Military to quickly - he vowed never to rush a deal again. Just some questions: MNKD's partner could very well be a company outside of the pharma sector, how will the market react? MNKD's partner could very well be a marketing specific company, how will the market react? MNKD may be willing to give up a larger milestone payment in exchange for higher cuts, how will the market react depending on the terms of X partnership? EU submissions may be handled by the partner immediately, how will MNKD stock react? MNKD may announce additional trials to change labeling, how will the market react? MNKD decieds to go solo, how will the market react? MNKD partners with a globally recognized top tier pharmaceutical company, what happens? MNKD partners with a less known pharma corporation - what's the reaction? Everyone here becomes a millionare, where do we throw the party? Respectively... I think you aren't totally correct in your characterization the company being "in no rush". They stated, though backtracked a bit, on 6-8 weeks after FDA approval. They've acknowledged the limitations of their cash, and have indicated they are looking to a partnership payment for funding beyond that. They have stated a timeline for Afrezza sales, with what that implies for partner timeline. They are absolutely not in a "no rush" situation. There is a trade off between seeming in a rush and tough negotiation as if one is not in a rush, but if they start getting close to running out of cash that negotiating position is going to rapidly evaporate. Statements that were perhaps made before approval have little bearing on the current time when they really are in a rush. Investment bankers, such as the ones hired by the company, would also tell you that running a good bidding process is about setting timelines and not letting things drag on. You want the companies on the other side to appreciate that they have a short window to make the tough decisions about what they are willing to offer. 4 months out is absolutely inconsistent with what they've said about start of sales.
|
|
|
Post by kc on Aug 10, 2014 11:26:31 GMT -5
I think that Management has had a plan and Partner / buyout in mind since or before February 2014. It takes a lot of time and legal to put together an international plan on a BLOCKBUSTER GAME CHANGER like this one. Too many i's to dot and t's to cross. Developing the relationships to move it forward is like moving a mountain. The key to plan implementation was FDA approval.
So I would love to see momentum this quarter but if not then 3rd, 4th or 1st quarter next year. I have to think that big Pharma doesn't want to take too much risk on a new type of treatment but they also don't want to kick themselves for missing out on a blockbuster game change.
Who will the player be? Do you really believe that MannKind won't find one like the shorts have pushed. I am confident we will be pleased if not this week within a year of sales activity. Have to have a few positive quarters. Pharma is not stupid they are Greedy. Mann knows this and will work for the best deal long term. Does a big Pharma want to tell their shareholders the have (OWN) a blockbuster Game changer on future revenue or we have partnered and will be selling a new inhalable insulin.
I personally think the want to OWN they are greedy.
|
|
|
Post by rickf on Aug 10, 2014 11:44:55 GMT -5
Newbie to this board - looks awesome! Question --- as an educated "guess" what happens to the pps if there is an announcement on Monday with a world wide distribution plan / partner??? Just wondering what everyones ideas are with respect to sp??
|
|
|
Post by biotec on Aug 10, 2014 14:28:56 GMT -5
Newbie to this board - looks awesome! Question --- as an educated "guess" what happens to the pps if there is an announcement on Monday with a world wide distribution plan / partner??? Just wondering what everyones ideas are with respect to sp?? 11-13$ pps
|
|
|
Post by 4allthemarbles on Aug 10, 2014 15:54:09 GMT -5
I have been silent on this one for awhile. This is just my opinion, but I think there will be some type of announcement tomorrow. But will it be the BIG announcement we have all been waiting for- I am very skeptical. I believe the management team has been working on this much further back than June 27th. It could easily be another 3 to 4 weeks before we get the big one.
For the record- just because management says something doesn't mean it will be on that timeframe. We will be rewarded soon for our...everything. How soon- I don't have that answer. Yet.
I say a 4. If the big one comes tomorrow (not a buyout) we range anywhere from $11 to $13 (in a perfect world, we get to $15) but I think Biotech's prediction is pretty good.
|
|
|
Post by Chris on Aug 10, 2014 17:31:38 GMT -5
Tommorrow is a buying opportunity on the dip below 8. 1 out of 10 on a partnership announcement. Too much anticipation and loose hands will sell part or all of their holdings. Al Mann has always stated he was in no rush for a partnership although open for one and everyone in management understands the strategic importance of a joint venture. The finalization of a partnership in under 2 months after FDA approval would be phenomenally quick. A partnership could very well occur but my gut tells me we are at least 1-4 more months out. Al once learned a valuable lesson when he was young, he sold his missile technology to the US Military to quickly - he vowed never to rush a deal again. Just some questions: MNKD's partner could very well be a company outside of the pharma sector, how will the market react? MNKD's partner could very well be a marketing specific company, how will the market react? MNKD may be willing to give up a larger milestone payment in exchange for higher cuts, how will the market react depending on the terms of X partnership? EU submissions may be handled by the partner immediately, how will MNKD stock react? MNKD may announce additional trials to change labeling, how will the market react? MNKD decieds to go solo, how will the market react? MNKD partners with a globally recognized top tier pharmaceutical company, what happens? MNKD partners with a less known pharma corporation - what's the reaction? Everyone here becomes a millionare, where do we throw the party? Respectively... I think you aren't totally correct in your characterization the company being "in no rush". They stated, though backtracked a bit, on 6-8 weeks after FDA approval. They've acknowledged the limitations of their cash, and have indicated they are looking to a partnership payment for funding beyond that. They have stated a timeline for Afrezza sales, with what that implies for partner timeline. They are absolutely not in a "no rush" situation. There is a trade off between seeming in a rush and tough negotiation as if one is not in a rush, but if they start getting close to running out of cash that negotiating position is going to rapidly evaporate. Statements that were perhaps made before approval have little bearing on the current time when they really are in a rush. Investment bankers, such as the ones hired by the company, would also tell you that running a good bidding process is about setting timelines and not letting things drag on. You want the companies on the other side to appreciate that they have a short window to make the tough decisions about what they are willing to offer. 4 months out is absolutely inconsistent with what they've said about start of sales. Thanks for your civil response. I too hope for a fast announcement of a partnership. I agree with you, strategically speaking we are better off with a partner sooner rather than later. Management stated such when they expressed wanting to partner prior to FDA approval yet we know how that panned out. Management was ambitious when it came to their enrollment and clinical trial completions dates too, yet we know how that delay panned out - the same way the previous submission before FDA approval panned out when they were so sure of approval -- off mark. CCs are forward looking and often optimistic, ideally we all know the marketing challenges ahead and the cash constraints MNKD faces therefore we feel the urgency to partner. But mergers and even acquisitions take a lot of time and despite potential partners watching MNKD since before approval, much work isn't often completed till approval although it does happen especially for orphan drugs. Cheers, Chris
|
|
cp
Newbie
Posts: 7
|
Post by cp on Aug 10, 2014 17:53:07 GMT -5
I say an 10. Looks like I am the only one with an 10.
|
|
|
Post by BD on Aug 10, 2014 17:59:07 GMT -5
I'll say 0. Either I make a lot of money, or I end up looking extremely wise. It's a win-win
|
|