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Post by apidistra on Aug 7, 2019 17:25:15 GMT -5
Excellent news. We are on the right track. Mike and Steve are good to go, in my opinion. My thanks for their hard work and smart work. Still long, still positive!
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Post by radgray68 on Aug 7, 2019 17:26:41 GMT -5
400 pages - eyes bleeding - too... much.... info... Have to go back to stupid work now.
Sooo excited !!! I.... think
Eyes still blurry
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Post by pat on Aug 7, 2019 17:35:17 GMT -5
Great call.
I’m psyched.
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Post by scottmnkd on Aug 7, 2019 17:36:06 GMT -5
Mike C. Said we were now funded until break even. I hope somebody here can break that down. What will scripts need to be at and how long will it be? Mannkind is no longer a one-trick pony, as there is other revenue besides Afrezza coming into the company. However, I think that various postings on this board have pointed toward 2K in weekly scripts for break even. |
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Post by peppy on Aug 7, 2019 17:40:42 GMT -5
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Post by theshiv on Aug 7, 2019 17:41:29 GMT -5
I am pleased with just about everything I heard. This was a good call. Building blocks being set piece by piece with the financial house being cleaned up. We should keep our eyes on the big picture and try our best to avoid analyzing MNKD by the second of every day.
When you consider everything Mike has done, it is rather remarkable, albeit every move not perfect. He still sounds invested in this endeavor. This remains a long term hold for me.
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Post by alethea on Aug 7, 2019 17:44:30 GMT -5
Given the circumstances and my expectations (or lack thereof), the call went about as good as I could have hoped. Yes, not bad. Who knows, we may have experienced the final bottoming out in share price and will build from here if each new quarter adds to the belief that Mike is correct that current recap takes us to break even. I've added some to my position for first time in a very long while... though still consider it speculative.Interesting comments on Kaiser. I'm in the heart of Kaiser country and have info sources I ply for Afrezza news. I like that MNKD has someone dedicated. Will be very excited, and likely be more liberal with share purchase if I catch wind of attitudes changing there. It seems Kaiser never felt the cost/benefit ratio of RAAs were good enough. Would be quite a statement if they basically jump over RAAs and go from Humulin as SOC to Afrezza. I also bought more shares after hours just several minutes after the call began because I was so impressed by the many good developments. Maybe the best news of all is that MNKD can now easily skate right past the coming December expiration of the warrants. For the first time in years I think the warrants will now be a POSITIVE factor. MNKD does not HAVE TO see those warrants exercised. It can get way past those warrants. For once the looming warrants will not be the Sword of Damocles hanging threateningly over MNKD's head. In fact, the December warrants may well now prove to be a bargain purchase price in the next several months. Sure seems like we should today be at a floor for the stock price. Having said that I fully expect the Wall Street manipulators to depress the stock price tomorrow to fool and frighten us retail long investors. If the crooks send the price down hard tomorrow I intend to "double" and "triple" up by buying more shares tomorrow. I really feel this is an inflection point. This call is the best thing to happen financially since Matt P. negotiated that life saving 170 million or so settlement from Sanofi. MNKD looks to me to be assured of survival with the chance to finally flourish for the first time in years! Now is the time for all good men (and women) to come to the aid of their country (Company).  If the dark forces crash the price tomorrow, consider adding to your position. |
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Post by mannmade on Aug 7, 2019 17:51:49 GMT -5
Is DF still owed the milestone payments?
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Post by ryster505 on Aug 7, 2019 17:52:16 GMT -5
AMEN!!!! Yes, not bad. Who knows, we may have experienced the final bottoming out in share price and will build from here if each new quarter adds to the belief that Mike is correct that current recap takes us to break even. I've added some to my position for first time in a very long while... though still consider it speculative.Interesting comments on Kaiser. I'm in the heart of Kaiser country and have info sources I ply for Afrezza news. I like that MNKD has someone dedicated. Will be very excited, and likely be more liberal with share purchase if I catch wind of attitudes changing there. It seems Kaiser never felt the cost/benefit ratio of RAAs were good enough. Would be quite a statement if they basically jump over RAAs and go from Humulin as SOC to Afrezza. I also bought more shares after hours just several minutes after the call began because I was so impressed by the many good developments. Maybe the best news of all is that MNKD can now easily skate right past the coming December expiration of the warrants. For the first time in years I think the warrants will now be a POSITIVE factor. MNKD does not HAVE TO see those warrants exercised. It can get way past those warrants. For once the looming warrants will not be the Sword of Damocles hanging threateningly over MNKD's head. In fact, the December warrants may well now prove to be a bargain purchase price in the next several months. Sure seems like we should today be at a floor for the stock price. Having said that I fully expect the Wall Street manipulators to depress the stock price tomorrow to fool and frighten us retail long investors. If the crooks send the price down hard tomorrow I intend to "double" and "triple" up by buying more shares tomorrow. I really feel this is an inflection point. This call is the best thing to happen financially since Matt P. negotiated that life saving 170 million or so settlement from Sanofi. MNKD looks to me to be assured of survival with the chance to finally flourish for the first time in years! Now is the time for all good men (and women) to come to the aid of their country (Company). If the dark forces crash the price tomorrow, consider adding to your position. |
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Post by peppy on Aug 7, 2019 17:58:54 GMT -5
Is DF still owed the milestone payments? good question. • Started 3Q 2019 with $38.2M Cash and ST Investments • Recap Transaction Summary • Net cash increase $30M; net debt increase $12M • Near-term $100M debt cliff gone • Deerfield paid off• Sr Conv Notes and Mann Group Note paid down/restructured • MidCap funding $40M upfront with option on additional tranches: • $10M by April 15, 2019 • $25M by June 30, 2021 investors.mannkindcorp.com/static-files/41653254-2987-4238-98e3-057f602feb38 |
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Post by liane on Aug 7, 2019 18:01:16 GMT -5
Is DF still owed the milestone payments? I do believe there are still milestones out there. |
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Post by joeypotsandpans on Aug 7, 2019 18:02:13 GMT -5
Yes, not bad. Who knows, we may have experienced the final bottoming out in share price and will build from here if each new quarter adds to the belief that Mike is correct that current recap takes us to break even. I've added some to my position for first time in a very long while... though still consider it speculative.Interesting comments on Kaiser. I'm in the heart of Kaiser country and have info sources I ply for Afrezza news. I like that MNKD has someone dedicated. Will be very excited, and likely be more liberal with share purchase if I catch wind of attitudes changing there. It seems Kaiser never felt the cost/benefit ratio of RAAs were good enough. Would be quite a statement if they basically jump over RAAs and go from Humulin as SOC to Afrezza. I also bought more shares after hours just several minutes after the call began because I was so impressed by the many good developments. Maybe the best news of all is that MNKD can now easily skate right past the coming December expiration of the warrants. For the first time in years I think the warrants will now be a POSITIVE factor. MNKD does not HAVE TO see those warrants exercised. It can get way past those warrants. For once the looming warrants will not be the Sword of Damocles hanging threateningly over MNKD's head. In fact, the December warrants may well now prove to be a bargain purchase price in the next several months. Sure seems like we should today be at a floor for the stock price. Having said that I fully expect the Wall Street manipulators to depress the stock price tomorrow to fool and frighten us retail long investors. If the crooks send the price down hard tomorrow I intend to "double" and "triple" up by buying more shares tomorrow. I really feel this is an inflection point. This call is the best thing to happen financially since Matt P. negotiated that life saving 170 million or so settlement from Sanofi. MNKD looks to me to be assured of survival with the chance to finally flourish for the first time in years! Now is the time for all good men (and women) to come to the aid of their country (Company). If the dark forces crash the price tomorrow, consider adding to your position.I would say the odds favor a gap up as opposed to any "crash" but agree with the last portion of that, I rolled the dice a smidge early just before the call. There are going to be a lot of revised "forecasts" going forward with the restructuring of debt/operating cash flow IMO. I'd say the company gained a few more "leverage" points back  |
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Post by sayhey24 on Aug 7, 2019 18:05:46 GMT -5
Why is Mike still hiring sales guys when he could be working with a partner to open clinics?
Good comment on RLS, probable news in the second half.
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Post by alethea on Aug 7, 2019 18:08:22 GMT -5
Is DF still owed the milestone payments? Yes I believe so. But recall that these milestones are only owed when MNKD achieves its next 50M in net sales. MNKD owed Deerfield 5M upon realizing net sales of 50M. Then they owe another 5M when they realize another 50M in sales. At some point the next milestone is only owed when another 100M or so of net sales is achieved. So these are not paid until MNKD receives ten times the cash in sales. After a few hundred million of sales occur the milestones disappear completely. So these Sales milestones are not a bad thing. The quicker we owe them the better we will be doing. |
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Post by lakers on Aug 7, 2019 18:14:10 GMT -5
• MannKind (NASDAQ:MNKD) Q2 results:
• Revenues: $15.0M (+285%); Afrezza sales: $6.1M (+62% yoy and +20% sequentially).
• Net loss: ($12.4M); loss/share: ($0.07).
• Yesterday, the company inked an agreement with Apollo Investment Corp. and MidCap Financial Trust for a $75M secured loan facility maturing on August 1, 2024. The company drew $40M at closing. It also negotiated exchange agreements with each of its creditors in order to pay off and/or restructure its existing debt obligations.
• Shares up 8% to $1.21 after hours.
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If the dark forces crash the price tomorrow, consider adding to your position.
