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Post by nemzter on Jun 26, 2019 10:20:45 GMT -5
Debating on whether I should wait until it hits below $1... greed is not good lol
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Post by babaoriley on Jun 26, 2019 10:48:49 GMT -5
If you’re in mnkd and are greedy and somehow equate the two, you need to stop and think.
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Post by peppy on Jun 26, 2019 10:55:00 GMT -5
If you’re in mnkd and are greedy and somehow equate the two, you need to stop and think. Lot's of equations to be made.
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Post by joeypotsandpans on Jun 26, 2019 11:14:35 GMT -5
Debating on whether I should wait until it hits below $1... greed is not good lol I picked up 20K (trading shares) last week, but as a user of the flagship product I have a serious conflict of interest I know others that have purchased recently as well. They have no clue who Mike Castagna is btw, they have seen the product and results, tucked away their positions and are blindly following....they also have no clue of this forum and the vast cast of characters that come with it lol. Hope that helps
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Post by sportsrancho on Jun 26, 2019 11:21:29 GMT -5
Love it. That’s how I play at too. I just talk about Afrezza.
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Post by ktim on Jun 26, 2019 11:29:17 GMT -5
Debating on whether I should wait until it hits below $1... greed is not good lol For what it's worth, I was faced with needing to capture the significant tax losses I've had in MNKD to offset gains elsewhere this year. So sort of forcing me to do some timing and bet one way or the other... sell and be significantly "underweight" MNKD (what a funny concept) for 30 days, or buy and be significantly "overweight" MNKD for 30 days. I very recently decided to do the latter. So what I'm trying to say is you should probably not buy, because I am usually wrong about MNKD
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Post by jred on Jun 26, 2019 11:31:48 GMT -5
I'm buying some here. I wouldn't call it a hand over fist pace , but I am in there adding.
Maybe it will turn out to be poor timing (wouldn't be my first), but I like the risk reward here. While I like the upside, I'm not ignoring the downside risk.
I am a current supporter of management and am betting they will continue to make progress. I am not suggesting management has been flawless - there is some learning on the job going on, some missteps and the move on the raises was in ill timed, but overall I feel Mike and his team are our best option for success.
I know people have been calling for them to make a partnership deal, but I can't imagine there are acceptable terms being offered. If I remember correctly, Sanofi's deal left Mannkind with 35% of net. Do people think that there is a deal out there for that level? ... or half that? Seems hard to picture.
The December cash raise and dilution was a difficult pill to swallow, but I disagree with those that say it was a terrible mistake. Yes, they didn't need the cash right then, but its not in a company's best interest to wait until last minute to raise necessary funds (and a past practice of the company that many on this board commented negatively about - including me.) I don't have the insight to fully evaluate the $10million DTC campaign, but the optics are not positive. But wasn't this another move that many we calling for management to execute. The stock price took a major hit after the Dec raise, but it recovered in just a little over two months.
Right now - I'm glad they have the $30million left over and yes I realize it cost me 20% dilution. The Dec deal terms were not very different than some of the last cash raises done when Mr. Mann was still an active driver of the company. He was someone the market felt would ultimately be financial backer in the end and that was the best that could be completed. Where do all these negative commentators think the needed cash is going to come from? Despite claiming contacts with "heavy hitters" and extending "personal capital", I've never seen an actual alternative proposal, much less one that was realistic.
In the end, I'm buying right now because of Mike's deal with UTHR. I realize the situation is murky and can end negative. I'm not investing my retirement money on this or getting all my friends and family in now. There is a lot of risk, but by my calculations enough upside to make it worth it to me. The deal with UTHR is the first real validation for me of the Technosphere platform. Past management teams talked about this possibility, but for what ever reason, Mike was the only one to pull it off. For those asking for his ousting, what would our current delicate financial picture look like without UTHR? It's the first real revenue stream for MNKD that isn't going to cost $100's millions to realize. It's not the end all be all, but it is one heck of a start. I believe UTHR is all in on TrepT and am buying now because I am betting on positive news from the 2nd compound.
Sorry this is so long - wasn't planning on it, but I guess these are emotional times.
FYI - added 25K at 1.13 avg over the last week - so yet again my timing was early
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Post by ktim on Jun 26, 2019 11:42:59 GMT -5
A previous time we were skirting around the $1 mark, I decided an option straddle was a brilliant play... i.e. I figured we certainly would significantly go one way or the other. We went up so I had paper gains. I didn't sell. We came down and both my puts and calls ended up expiring worthless. So I was burned, but that might be a trade worth considering at this point.
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Post by traderdennis on Jun 26, 2019 11:52:36 GMT -5
I am looking at buying some September thru January call options. I will probably layer into some over the next few weeks or go into a full position if they after they announce a secondary. I think MNKD is in its lower range now.
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Post by ktim on Jun 26, 2019 11:55:50 GMT -5
jredYour thoughts echo mine to a very large extent. But to a question you posed... I was probably less upset with the Dec dilution than many as at the time I was quite worried about another period of financial turmoil potentially cutting off access to capital. However, I also understand where the negativity came from and it was self induced by management. They had previously pandered to shareholder sentiment by building up expectation that there were one (or many) non-dilutive options for financing. So "Where do all these negative commentators think the needed cash is going to come from?". Perhaps all the ways that MNKD management listed in prior presentations in order to allay investor concerns about dilution.
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Post by awesomo on Jun 26, 2019 11:58:59 GMT -5
I'll buy if management buys, but they don't seem to want to do that.
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Post by figglebird on Jun 26, 2019 12:12:02 GMT -5
I have purchased stock all but one day,over the last 10 months(since the announcement uthr) including today.... TI have and will continue to purchase at these levels or lower... I have sold and closed calls as well to help finance my purchases w premiums and close positions w gains- I have become a bit obsessed w my avg call strike as I have over sold options and now remain holding 65pct less free shares than I intended... I hope to reverse this trend somewhat but the sp is so volatile... leaps have tanked surpassing prior levels in most cases at a rate that suggests it cannot be sustained- I remain hopeful short term and uber bullish LT.
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Post by ktim on Jun 26, 2019 12:34:13 GMT -5
I have purchased stock all but one day,over the last 10 months(since the announcement uthr) including today.... TI have and will continue to purchase at these levels or lower... I have sold and closed calls as well to help finance my purchases w premiums and close positions w gains- I have become a bit obsessed w my avg call strike as I have over sold options and now remain holding 65pct less free shares than I intended... I hope to reverse this trend somewhat but the sp is so volatile... leaps have tanked surpassing prior levels in most cases at a rate that suggests it cannot be sustained- I remain hopeful short term and uber bullish LT. Can you elaborate on the comment above?
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Post by jred on Jun 26, 2019 13:08:22 GMT -5
jred Your thoughts echo mine to a very large extent. But to a question you posed... I was probably less upset with the Dec dilution than many as at the time I was quite worried about another period of financial turmoil potentially cutting off access to capital. However, I also understand where the negativity came from and it was self induced by management. They had previously pandered to shareholder sentiment by building up expectation that there were one (or many) non-dilutive options for financing. So "Where do all these negative commentators think the needed cash is going to come from?". Perhaps all the ways that MNKD management listed in prior presentations in order to allay investor concerns about dilution. ktim - That's a fair point. I would put some of Mike's stronger comments on avoiding dilution under the umbrella of learning on the job mistakes I referenced, but a mistake none the less. Anyone in his position is walking a fine line between full disclosure of all possible outcomes while at the same time trying to prevent a significant price decline that will force larger dilution. Hence the lack of CEO's of public companies pre-announcing dilution events. I never got the impression from management's presentations that further dilution was off the table, but from some past postings on this board it seems others had a different take.
From my perspective he followed through on the ideas of funds from additional deals (multiple deals from UTHR) and renegotiating contracts to save cash (amended insulin purchase agreement). He did mention the possibility of leveraging up on the Danbury plant by taking new debt out on it or doing a sale and lease back. Neither option was completed before the December dilution, but hopefully that is still an option going forward.
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Post by mytakeonit on Jun 26, 2019 13:08:28 GMT -5
To buy now or wait till it's under a buck. So, buy or sell for 10 cents? Lord ... why am I here reading this board?!!! As trader said "I think MNKD is in its lower range now." As for me, I have enough shares. BUT, I will be buying when I return from Vegas before the end of August and the pps is still low ... or under a buck ... which is still low. Buy before September ! But, that's mytakeonit
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