|
Post by bababooey on Dec 23, 2019 13:45:05 GMT -5
This was just to give me time to get my $$$ in my account before the pps runs away. Ha! (pps is where we were less than 2 weeks ago) This is probably also due to the Brazil revenues being delayed for a couple of months. But, that's mytakeonit LOL! Man, will you ever be bearish with this stock? I could see Mannkind filling for bankruptcy and you'd be like "great, now i can get my shares on the OTC markets for pennies on the dollar".
|
|
|
Post by apidistra on Dec 23, 2019 13:52:39 GMT -5
MNKD got $5.9M for something they needed to use it for. I've read balance sheet requirements, payment to DFLD on $50M Afrezza sales milestones or some other need. CVI get's what they want, MNKD got what they felt they needed. IMHO One side acted in desperation (Castagna), the other side took full advantage. I don't see desperation exemplified in this action by management. But I'm entirely confused. Despite the hypotheses posed on this and other blab boards, a few of them tending to be explanatory, what it (this action) means, especially in conjunction with the Midcap renegotiation, is not apparent. Needs explanation by the company.
|
|
|
Post by sportsrancho on Dec 23, 2019 14:16:53 GMT -5
Explanation by the company ...I knew I said we wouldn’t need money but then I guess we missed our covenants and needed money and somebody said I should do it now. I know I said that last year too it was just unfortunate timing. I may also have to ask for more shares but don’t tell anybody🤦🏼♀️
|
|
|
Post by awesomo on Dec 23, 2019 14:18:10 GMT -5
Explanation by the company ...I knew I said we wouldn’t need money but then I guess we missed our covenants and needed money and somebody said I should do it now. I know I said that last year too it was just unfortunate timing. I may also have to ask for more shares but don’t tell anybody🤦🏼♀️ This is far too self-aware to come from Castagna, I don't believe it.
|
|
|
Post by ktim on Dec 23, 2019 14:48:56 GMT -5
I really do not understand this CEO and CFO team. Typically, a company issuing warrants will raise its image because it will reflect the confidence of investor(s) in the company, who agree to purchase shares of the company at a price that is higher than the current market price. It has baffled me why MannKind CEO Michael Castagna offers these sweetheart deals, issuing warrants that are lower that the market share price. In my opinion, this amendment is NOT in the interests of shareholders and the CEO's action will depress the market price for MNKD shares and erode shareholder value and may even constitute a breach of fiduciary duty to shareholders. Food for thought, but perhaps investors don't have confidence in MNKD. That realization helps explain things.
|
|
|
Post by batdoc31 on Dec 23, 2019 14:56:10 GMT -5
So as a long who never really posts but reads this board and others this is pretty frustrating. I think the worst part of it was the lack of self awareness on Mike C or managements part. So last years Christmas surprise was so bad, But to repeat it again after it took so long for many of us to maybe give them the benefit of the doubt just makes you realize that no one here is learning from past mistakes.
|
|
|
Post by akemp3000 on Dec 23, 2019 14:59:24 GMT -5
Talk about making a mountain out of a mole hill...this entire thread passionately arguing over something very minor where no one knows the background story about an event that will have little affect on this company moving forward.
|
|
|
Post by awesomo on Dec 23, 2019 15:04:07 GMT -5
Talk about making a mountain out of a mole hill...this entire thread passionately arguing over something very minor where no one knows the background story about an event that will have little affect on this company moving forward. You keep saying this is "very minor". In a vacuum, you might be correct. But taken as a larger picture, the optics of this are crap for a company/CEO already on thin ice. It is projecting weakness, oversight, a lack of planning, and a lack of confidence amongst management to get where they need to go.
|
|
|
Post by ktim on Dec 23, 2019 15:11:45 GMT -5
Talk about making a mountain out of a mole hill...this entire thread passionately arguing over something very minor where no one knows the background story about an event that will have little affect on this company moving forward. You really deserve to get a paycheck from MNKD as diligent as you are.
|
|
|
Post by jkendra on Dec 23, 2019 15:11:50 GMT -5
You are trying to create a narrative.
|
|
|
Post by mango on Dec 23, 2019 15:14:58 GMT -5
Talk about making a mountain out of a mole hill...this entire thread passionately arguing over something very minor where no one knows the background story about an event that will have little affect on this company moving forward. You keep saying this is "very minor". In a vacuum, you might be correct. But taken as a larger picture, the optics of this are crap for a company/CEO already on thin ice. It is projecting weakness, oversight, a lack of planning, and a lack of confidence amongst management to get where they need to go. How ironic all of that applies to HFM as well. Yet, here you are, painting a narrative. All good though.
|
|
|
Post by cedafuntennis on Dec 23, 2019 15:18:11 GMT -5
This was just to give me time to get my $$$ in my account before the pps runs away. Ha! (pps is where we were less than 2 weeks ago) This is probably also due to the Brazil revenues being delayed for a couple of months. But, that's mytakeonit LOL! Man, will you ever be bearish with this stock? I could see Mannkind filling for bankruptcy and you'd be like "great, now i can get my shares on the OTC markets for pennies on the dollar". Mytake is getting to sound ridiculous at this point. I appreciated most of his replies when he was being objective, but I this point is wished I had an ignore button available.
|
|
|
Post by ktim on Dec 23, 2019 15:23:27 GMT -5
LOL! Man, will you ever be bearish with this stock? I could see Mannkind filling for bankruptcy and you'd be like "great, now i can get my shares on the OTC markets for pennies on the dollar". Mytake is getting to sound ridiculous at this point. I appreciated most of his replies when he was being objective, but I this point is wished I had an ignore button available. Objective? There I thought he was being funny the whole time.
|
|
|
Post by awesomo on Dec 23, 2019 15:27:09 GMT -5
You keep saying this is "very minor". In a vacuum, you might be correct. But taken as a larger picture, the optics of this are crap for a company/CEO already on thin ice. It is projecting weakness, oversight, a lack of planning, and a lack of confidence amongst management to get where they need to go. How ironic all of that applies to HFM as well. Yet, here you are, painting a narrative. All good though. Why are you bringing HFM into this discussion?
|
|
|
Post by mytakeonit on Dec 23, 2019 15:27:33 GMT -5
Oh but you do have one cedaball ... go for it !
Can't wait for the next quarterly CC coming up. $$$ should be here next week. Maybe I'll be in Las Vegas when the fireworks start ... and I don't mean New Year's Eve.
But, that's mytakeonit
|
|