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Post by rockstarrick on Jun 21, 2019 14:08:46 GMT -5
Because they can. I also believe that Deerfield is MNKD's friend and saved them from dying. A new and huge friend is UT ... maybe someone who peppy won't say are crooks. Ha! BTW, Deerfield crooks are small time if it was only for $4M. And they weren't stealing Afrezza out the back door. Nothing to concern us ... so move along people ... and buy more shares! But, that's mytakeonit DF did save them by running a pump and dump in October 2017 that created a whole new class of bag holders with a $6+ entry. I think many bags were lightened too.
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Post by buyitonsale on Jun 21, 2019 14:14:19 GMT -5
Market cap is not a collateral for a loan, assets are...
To me assets here are very valuable. That’s why I’m here.
Folks on the other side of the trade, you can now proceed telling us that whatever assets MNKD has correspond to the current market cap.
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Post by prcgorman2 on Jun 21, 2019 14:34:21 GMT -5
Because they can. I also believe that Deerfield is MNKD's friend and saved them from dying. A new and huge friend is UT ... maybe someone who peppy won't say are crooks. Ha! BTW, Deerfield crooks are small time if it was only for $4M. And they weren't stealing Afrezza out the back door. Nothing to concern us ... so move along people ... and buy more shares! But, that's mytakeonit DF did save them by running a pump and dump in October 2017 that created a whole new class of bag holders with a $6+ entry. LOL. That was mean, but funny (and unsubstantiated of course).
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Post by mytakeonit on Jun 21, 2019 14:34:37 GMT -5
Whatever it takes ... we are still alive. And a $6+ entry fee is a mere pittance in the near future. Heck, I started buying at $12 pre split. Got more now to average down.
But, that's mytakeonit
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Post by pat on Jun 21, 2019 14:43:49 GMT -5
There is so much value in the MNKD patent portfolio - value that is no where reflected in the financial statements of the company. It will be monetized in the years ahead and it’s billions of dollars. Short sellers are parasites. They almost killed the host. But thankfully failed. They might drive another round of dillituon. I don’t think so. But even with further dilution shareholders will end up making many multiples of what’s been invested in the years ahead.
I used to think short selling was necessary for a functioning market. I still do to a degree. Missallocated Capital should be redirected as it adds efficiency to an economy. But what I’ve seen with MNKD is disgusting. Bad actors. No character.
Eye opening experience. But thankfully almost over.
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Post by prcgorman2 on Jun 21, 2019 14:50:19 GMT -5
pat, on the topic of dilution (which I am with you in having expected it) the latest (I think) from Spencer Osborne on SeekingAlpha is a really nice job of outlining plausible logic behind the 8K and the deferment with the object of refinancing the 3 existing debt covenants with Deerfield, Mann Group, and U.S. Bank into a single loan from Deerfield with extra cash and a 2024-2025 term. I've not been an SO fan, but it's really a great article and worth the read. There's a link somewhere earlier in this thread.
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Post by traderdennis on Jun 21, 2019 14:56:31 GMT -5
It just came to me. I wonder if we will get a shareholder vote to increase the number of shares after close today. Mnkd loves to give bad news on Friday’s.
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Post by parrerob on Jun 21, 2019 15:18:26 GMT -5
It just came to me. I wonder if we will get a shareholder vote to increase the number of shares after close today. Mnkd loves to give bad news on Friday’s. In theory It should be done...just to protect the company.... but let's wait and see, first, how this mess with DF and other debt position will be negotiated.
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Post by prcgorman2 on Jun 21, 2019 15:28:49 GMT -5
What is "this mess" you're referring to? (Handing you a microphone.)
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Post by parrerob on Jun 21, 2019 15:30:02 GMT -5
Whatever it takes ... we are still alive. And a $6+ entry fee is a mere pittance in the near future. Heck, I started buying at $12 pre split. Got more now to average down. But, that's mytakeonit I don't remember 12$ presplit, if not a spike for few days.... (or 10+ years ago). LUCKY You. My personal record was at 9+$ just the day of the approval ( after a false remour of rejection)... and I remember I was very very happy !!!!Wow LUCKY me.... Hope now, really, to have already done the Real all time chip buy after the only FINAL split....
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Post by mytakeonit on Jun 21, 2019 17:14:05 GMT -5
Okay, so the accountant made an error and will have to stay after school. Or, maybe my calculator had a glitch? Anyway, my high pps pre split was $10.50 ... my low after the split is 82 cents. PPS is all over the board.
But, that's mytakeonit.
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Post by rockstarrick on Jun 21, 2019 17:32:21 GMT -5
Okay, so the accountant made an error and will have to stay after school. Or, maybe my calculator had a glitch? Anyway, my high pps pre split was $10.50 ... my low after the split is 82 cents. PPS is all over the board. But, that's mytakeonit. CNBC 5 Year trend shows a high of 11.45/share or $57.40/share ps.
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Post by mytakeonit on Jun 21, 2019 18:25:37 GMT -5
So, almost $12 ... but, I'm happy to say ... that wasn't me. Ha! Unless, my 6 shares purchased at $10.50 plus commissions equals around $12. Ha! $9.99/6 = $1.66 !!! But, that's mytakeonit
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Post by pat on Jun 21, 2019 18:55:26 GMT -5
PC...I read Spencer’s articles as they come out. Basically because I’m bored and exasperated like everyone else. Not because they are especially good.
Spencer is captain obvious. I think it was aged hippie that suggested that he could see Deerfield lending money to MNKD in a post months ago. I agreed with him at the time. I think it’s very likely. It’s what they do. “Shadow banking”.
Spencer is riding a trend. Very soon (IMO) sales will outstrip his rudimentary linear projection and his 15 minutes will be over.
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Post by sportsrancho on Jun 21, 2019 21:56:15 GMT -5
They are having a real interesting conversation there under Spencer’s article in the comment section.
”The wild card scenario is the best for Mnkd and his shareholders.
They add 50 mln debt to exiting and put all due in 2024. In that case, Mnkd get back the shares linked to Mann and Us Bank (25 mln)...
If they do a new 150 loan repaying the existing (72 Mann +18 Us Bank +9 Deerfield), the shares could easily double, giving Mnkd the opportunity to sell 25 mln shares for 50 mln cash. At that point Mnkd could handle everything until cash flow break-even.
Hoping this could realize, this could be the real turnaround for the Company”
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