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Post by winstonsmith on Jun 24, 2019 17:17:54 GMT -5
Just wondering if all those patting MC on the back are noticing that we lost another 5% today and at this rate will soon be under a buck. What magic is MC going to do now to stave off another reverse split or like Bill said....he'd rather just take Mannkind BK. Bottom line is MC has to go. He's shown he's incompetent and has lost shareholder value, confidence, and respect.
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Post by mnkdfann on Jun 24, 2019 18:25:39 GMT -5
IMO, there is a long way to go until that would become a serious issue. I mean, there are a number of events / opportunities between then and now.
"If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements."
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Post by seanismorris on Jun 24, 2019 18:42:12 GMT -5
IMO, there is a long way to go until that would become a serious issue. I mean, there are a number of events / opportunities between then and now. "If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements." It’s a long way to being delisted or even a reverse stock split, but the Deerfield deferment means we need to start thinking about the next dilution. MannKind looks out of ideas, and the market has noticed. Further dilution would be disastrous at this price. If the stock price goes to 75c... with this management maybe we need a 100-to-1. |
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Post by mnkdfann on Jun 25, 2019 10:17:59 GMT -5
MNKD share price up 4.5% this morning!
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Post by ktim on Jun 25, 2019 10:27:16 GMT -5
IMO, there is a long way to go until that would become a serious issue. I mean, there are a number of events / opportunities between then and now. "If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements." It’s a long way to being delisted or even a reverse stock split, but the Deerfield deferment means we need to start thinking about the next dilution.MannKind looks out of ideas, and the market has noticed. Further dilution would be disastrous at this price. If the stock price goes to 75c... with this management maybe we need a 100-to-1. I'd just as soon not start drinking about it this early   |
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Post by mcbone on Jun 25, 2019 11:21:32 GMT -5
Before so many of you start freaking about another possible reverse split, try to keep in mind that MNKD pps swings wildly. It can swing with news of minimal significance or even no news at all. It’s a heavily manipulated stock, not only by the shorts, but sometimes by longs as well. Remember the bump up to close to $7 in October of 2017? I smelled some corruption there, but I didn’t complain. The stock also moved upward, almost reaching the $2.38 strike price of the warrants only a few months ago, in March. Was that a coincidence or manipulation?
Just based on the history of the MNKD stock price, we are likely to see a spike (and an exit point for some) regardless of whether there are any events of real and lasting substance, and regardless of whether MC is a business genius or is clueless and in way over his head.
So, if you’re a retail long, now would not be a good time to panic and sell. Instead, wait for the statistically likely spike in pps -- whether based on objectively good news, spin, or no news at all -- and then sell if you’re still feeling uneasy. JMHO.
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Post by uvula on Jun 25, 2019 11:36:28 GMT -5
It takes a long time between dropping below $1 and being delisted, and at this point there are more important things to worry about than being delisted.
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