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Post by Clement on Dec 23, 2019 12:12:07 GMT -5
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Post by centralcoastinvestor on Dec 23, 2019 15:26:26 GMT -5
Even though I am not thrilled about the warrant news today, we still have Mike to thank for closing the deal with UTHR. I am so glad we have this partnership with them. I think TreT is the real deal and we have a very good company managing and paying for the studies. Big picture, approval of TreT is a game changer for Mnkd. Mnkd still has a lot going for it.
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Post by mytakeonit on Dec 23, 2019 15:37:20 GMT -5
And don't forget why MNKD needs the cash ... it's to pay the salaries of all these sales people that they hired due to ever growing demand for Afrezza in many more territories !!!
But, that's mytakeonit
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Post by mango on Dec 23, 2019 15:39:37 GMT -5
And don't forget why MNKD needs the cash ... it's to pay the salaries of all these sales people that they hired due to ever growing demand for Afrezza in many more territories !!! But, that's mytakeonit To expand sales force and advance the pipeline, which is what matters at this point—per MC.  |
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Post by alethea on Dec 23, 2019 19:50:38 GMT -5
MC said "most of the warrants will expire this week" Wait a minute... There were about 23 million warrants.
4.50M presumably exercised today at the bargain price 1.31.
7.25M EXTENDED for six months until June, 2020
That totals 11.25 M out of 23 M. So at best, the other 12 M (11.75) NOT owned by CVI will "expire this week".
Let's see... 12M is 52% of 23M. To my way of thinking 52% is not "most". It's one half. So even his text reply is evasive and maybe even deceitful. WTF ever happened to communication and transparency that was promised?
Where's the press release? Will Mike deign to let shareholders know that the 4.5 M were indeed exercised at $1.31?
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Post by agedhippie on Dec 24, 2019 6:03:05 GMT -5
... Where's the press release? Will Mike deign to let shareholders know that the 4.5 M were indeed exercised at $1.31? The material event was the deal itself, not exercise of the warrants. I think it's safe to say though that having squeezed Mike to get that deal they will exercise the 4.5M since it's free money and warrants. |
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Post by alethea on Dec 24, 2019 10:17:21 GMT -5
... Where's the press release? Will Mike deign to let shareholders know that the 4.5 M were indeed exercised at $1.31? The material event was the deal itself, not exercise of the warrants. I think it's safe to say though that having squeezed Mike to get that deal they will exercise the 4.5M since it's free money and warrants. Do you not think Mike owes shareholders the courtesy of actually telling them that yes, indeed, the 4.5 million warrants were exercised yesterday? I'm not talking about the legal requirement arising from a material event. |
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Post by mnholdem on Dec 24, 2019 12:53:32 GMT -5
MannKind amended the press release. The deadline for CVI to exercise the 4,500,000 warrants is now December 26 at 5pm EST.
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Post by alethea on Dec 24, 2019 13:02:37 GMT -5
MannKind amended the press release. The deadline for CVI to exercise the 4,500,000 warrants is now December 26 at 5pm EST. I’m curious why these PRs haven’t been posted at the corporate website. Wow, another foolish stumble on MNKD's part. Who could be surprised. MNKD's incompetence on this matter is so pervasive it makes one wonder if something very strange is going on OR are they really that pathetic and bumbling? Time to forget about this junk.
Merry Christmas all. |
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Post by wgreystone on Dec 24, 2019 13:54:27 GMT -5
Even though I am not thrilled about the warrant news today, we still have Mike to thank for closing the deal with UTHR. I am so glad we have this partnership with them. I think TreT is the real deal and we have a very good company managing and paying for the studies. Big picture, approval of TreT is a game changer for Mnkd. Mnkd still has a lot going for it. TreT will only add $500m valuation to MNKD's market cap. It's helpful to keep MNKD alive, but we still need Afrezza sales to make MNKD thrive. Looking forward to 2020 that HFM can win the BoD election and make real change to this company. |
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Post by buyitonsale on Dec 24, 2019 13:55:10 GMT -5
MannKind amended the press release. The deadline for CVI to exercise the 4,500,000 warrants is now December 26 at 5pm EST. wrong thread btw, but below was posted in the original post in the thread related to the amendment. Same language is there as well... 1.31 price was valid only until 9:30 a.m. on December 23, CVI can still exercise at least 4500000 shares at original price 1.60 until December 26 in order to extend the termination date. On December 23, 2019, the Company and CVI agreed to amend the Warrant (the “Warrant Amendment”) to provide that (i) commencing immediately following the Company’s filing of this Current Report on Form 8-K with the SEC, and ending at 9:30 a.m. (New York City time) on December 23, 2019, the exercise price per share for 4,500,000 Warrant Shares will be equal to $1.311 but only with respect to a cash exercise under Section 2(a) of the Warrant and (ii) if and only if CVI purchases at least 4,500,000 Warrant Shares pursuant to a cash exercise of the Warrant under Section 2(a) of the Warrant prior to 5:00 p.m. (New York City time) on December 26, 2019, the termination date of the Warrant will be extended to June 26, 2020. Read more: mnkd.proboards.com/thread/11642/new-8-dec-26#ixzz693GPB1pk |
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