|
|
Post by ktim on Mar 11, 2020 16:38:49 GMT -5
What would be "nice" is if the handful of unwitting pumpers on this board would stop luring unsuspecting Proboards newcomers into thinking that MNKD is a good investment. For them, let me remind of MNKD's stock price history: $106.55 - 6/30/2006 $ 54.80 - 6/30/2014 $ 28.35 - 6/30/2015 $ 5.80 - 6/30/2016 $ 1.41 - 6/30/2017 $ 1.90 - 6/29/2018 (Hey, a great year) $ 1.15 - 6/29/2019 $ 1.10 - 3/11/2020 - current price MNKD stockholders have suffered repeated dilutions and a 1-for-5 split, where we all turned in 5 of our shares for 1 in return, which kept the SP from going below a dollar per share and being delisted from the stock exchange. MNKD stockholders future: more dilution and another reverse-split this year. Is MNKD a good long-term investment at this time? I think not. BUT, I am still holding every share of mine, including my first batch that I paid $3.80 for ($19 in pre-split dollars). I spent years with a rose-colored glasses moniker, so I understand that demented mentality. You just really want to believe. But, my pumping days are over. Sure, pumpers can wish that bashers would shut up. I know, I used to. But, the above paragraph is not bashing ... just facts. Another fact is that I have no intention on buying another share of MNKD until the board is refreshed and their complacent CEO is replaced. Now, THAT!!! would be the BEST catalyst. note: Mango - I am not calling you a pumper. It's good to periodically remind yourself of the good and bad potentials on the horizon, and I'm glad that you started this thread. But, of that list, I am only realistically excited about pediatrics (not because it will be soon, but because of the magnitude of impact), and United Therapeutics (because of reliability, relative speed and potential impact). The knight in shining armour on a white horse deep-pocketed partner is not around the corner, but, dilution and a reverse-split is. All good points! I disagree about the RS, I don't think we will ever see another one. And as far as the dilution goes, as Nate has pointed out many times before, dilution is quite normal in biotech and often necessary in order to advance the company so it can progress to the next step. TreT royalties will kick in in the near future and once it does, cash will never be a problem again. Compound that with more partnerships with royalty agreements, and/or more compounds with UT, US and international Afrezza sells, throw in the Peds, etc etc...man, it is hard not to be optimistic when you're a mango! Hope we see a great 2020! Not withstanding Nates spin, the level of dilution and consequent share price destruction of MNKD is not at all normal nor, arguably, necessary. TreT royalties aren't until end of 2021 at earliest, correct? I guess "near future" isn't well defined. I suppose end of 2021 is a blink of the eye in geologic terms. |
|
|
|
Post by mango on Mar 11, 2020 16:42:30 GMT -5
All good points! I disagree about the RS, I don't think we will ever see another one. And as far as the dilution goes, as Nate has pointed out many times before, dilution is quite normal in biotech and often necessary in order to advance the company so it can progress to the next step. TreT royalties will kick in in the near future and once it does, cash will never be a problem again. Compound that with more partnerships with royalty agreements, and/or more compounds with UT, US and international Afrezza sells, throw in the Peds, etc etc...man, it is hard not to be optimistic when you're a mango! Hope we see a great 2020! Not withstanding Nates spin, the level of dilution and consequent share price destruction of MNKD is not at all normal nor, arguably, necessary. TreT royalties aren't until end of 2021 at earliest, correct? I guess "near future" isn't well defined. I suppose end of 2021 is a blink of the eye in geologic terms. That's really not that long from now. At least for me it isn't! |
|
|
|
Post by MnkdWASmyRtrmntPlan on Mar 11, 2020 16:51:14 GMT -5
Not withstanding Nates spin, the level of dilution and consequent share price destruction of MNKD is not at all normal nor, arguably, necessary. TreT royalties aren't until end of 2021 at earliest, correct? I guess "near future" isn't well defined. I suppose end of 2021 is a blink of the eye in geologic terms. That's really not that long from now. At least for me it isn't! Ha, well, it's good to keep a long-perspective when investing. Unfortunately, there are big bills due every month, which are not a long-perspective. Also, when there is a dilution, there will have to be a reverse-split to keep the price over a dollar to avoid delisting. Closing price today was $1.10. |
|
|
|
Post by mango on Mar 11, 2020 16:55:28 GMT -5
That's really not that long from now. At least for me it isn't! Ha, well, it's good to keep a long-perspective when investing. Unfortunately, there are big bills due every month, which are not a long-perspective. Also, when there is a dilution, there will have to be a reverse-split to keep the price over a dollar to avoid delisting. Closing price today was $1.10. MC said during the most recent call— "When you look at United Therapeutics milestones, as well as the MidCap debt tranches, we feel very good about current funding sources and don't anticipate a need to do an equity raise. We continue to watch the marketplace as we look at the elections, the political environment and the threat to the world currently around the coronavirus. But at this point, we remain very excited. We have enough cash to do what we need to do. And our main focus is growing Afrezza faster and continuing to manage our cash on the balance sheet." |
|
|
|
Post by awesomo on Mar 11, 2020 16:57:41 GMT -5
Mike's shown his word is good for nothing. I'll believe it with his actions, which are few and far between.
|
|
|
|
Post by ktim on Mar 11, 2020 17:19:08 GMT -5
Ha, well, it's good to keep a long-perspective when investing. Unfortunately, there are big bills due every month, which are not a long-perspective. Also, when there is a dilution, there will have to be a reverse-split to keep the price over a dollar to avoid delisting. Closing price today was $1.10. MC said during the most recent call— "When you look at United Therapeutics milestones, as well as the MidCap debt tranches, we feel very good about current funding sources and don't anticipate a need to do an equity raise. We continue to watch the marketplace as we look at the elections, the political environment and the threat to the world currently around the coronavirus. But at this point, we remain very excited. We have enough cash to do what we need to do. And our main focus is growing Afrezza faster and continuing to manage our cash on the balance sheet." His abilities to anticipate have been proven to be lacking... or he's been disingenuous in the past. The likelihood of meeting requirements for 3rd Midcap tranche seems almost zilch, yet he appears to still be counting it. He says "need to do an equity raise", so technically he could dilute by giving shares to Midcap to get third tranch and he wouldn't be a liar... merely really disingenuous. I do believe him when he says he's excited. Perhaps his excitement is so great that it hampers his thoughtfulness in anticipating financial things  |
|
|
|
Post by sportsrancho on Mar 11, 2020 17:25:00 GMT -5
Mike's shown his word is good for nothing. I'll believe it with his actions, which are few and far between. I just took a snapshot of that post:-) |
|
|
|
Post by mango on Mar 11, 2020 17:28:09 GMT -5
MC said during the most recent call— "When you look at United Therapeutics milestones, as well as the MidCap debt tranches, we feel very good about current funding sources and don't anticipate a need to do an equity raise. We continue to watch the marketplace as we look at the elections, the political environment and the threat to the world currently around the coronavirus. But at this point, we remain very excited. We have enough cash to do what we need to do. And our main focus is growing Afrezza faster and continuing to manage our cash on the balance sheet." His abilities to anticipate have been proven to be lacking... or he's been disingenuous in the past. The likelihood of meeting requirements for 3rd Midcap tranche seems almost zilch, yet he appears to still be counting it. He says "need to do an equity raise", so technically he could dilute by giving shares to Midcap to get third tranch and he wouldn't be a liar... merely really disingenuous. I do believe him when he says he's excited. Perhaps his excitement is so great that it hampers his thoughtfulness in anticipating financial things I suppose if you're this concerned about it then perhaps you should exit your position and call it a day! ✌️ |
|
|
|
Post by mango on Mar 11, 2020 17:29:47 GMT -5
Mike's shown his word is good for nothing. I'll believe it with his actions, which are few and far between. I'll agree with you on this one. And only time will tell if he lives up to it or not. Here's to the best (hopefully) 🍻 |
|
|
|
Post by ktim on Mar 11, 2020 18:47:40 GMT -5
His abilities to anticipate have been proven to be lacking... or he's been disingenuous in the past. The likelihood of meeting requirements for 3rd Midcap tranche seems almost zilch, yet he appears to still be counting it. He says "need to do an equity raise", so technically he could dilute by giving shares to Midcap to get third tranch and he wouldn't be a liar... merely really disingenuous. I do believe him when he says he's excited. Perhaps his excitement is so great that it hampers his thoughtfulness in anticipating financial things I suppose if you're this concerned about it then perhaps you should exit your position and call it a day! ✌️ At this point MNKD is far too small of my investable assets to ever trigger "concern", so no need for you to be concerned about my level of concern. |
|
bkdmd
Researcher
Posts: 79
|
Post by bkdmd on Mar 11, 2020 19:11:26 GMT -5
Unbelievable anyone would believe anything MC says. I honestly can't believe anyone would believe anything that man Mr. Castagna says.
|
|
|
|
Post by thekid2499 on Mar 11, 2020 19:34:09 GMT -5
I suppose if you're this concerned about it then perhaps you should exit your position and call it a day! ✌️ At this point MNKD is far too small of my investable assets to ever trigger "concern", so no need for you to be concerned about my level of concern. Yes, that is why you spend all day posting on this board. You have nothing at stake. Just plenty of free time. |
|
|
|
Post by mango on Mar 11, 2020 19:35:33 GMT -5
I suppose if you're this concerned about it then perhaps you should exit your position and call it a day! ✌️ At this point MNKD is far too small of my investable assets to ever trigger "concern", so no need for you to be concerned about my level of concern. I'm not sure how you interpreted my post as being concerned about you. You're just rather annoying and a troll to be honest. Just my take on it though |
|
|
|
Post by ktim on Mar 11, 2020 19:42:31 GMT -5
At this point MNKD is far too small of my investable assets to ever trigger "concern", so no need for you to be concerned about my level of concern. Yes, that is why you spend all day posting on this board. You have nothing at stake. Just plenty of free time. I have quite a bit free time. If MNKD had not previously been a very large position for me, I wouldn't be here now. Now, MNKD has become like a gambling habit for me that is well in check... primarily for amusement purposes. Though still would be happy if I walk away with winnings. Not intending to be disrespectful to others that are down at this point more than they can easily financially tolerate. I know a recovery in MNKD share price is very serious for many. It was for me also before I had some other business ventures pay off. |
|
|
|
Post by ktim on Mar 11, 2020 19:46:46 GMT -5
At this point MNKD is far too small of my investable assets to ever trigger "concern", so no need for you to be concerned about my level of concern. I'm not sure how you interpreted my post as being concerned about you. You're just rather annoying and a troll to be honest. Just my take on it though At face value you seemed to be offering advice based on perception of me being concerned. Though I do realize lots of people here use that line as a form of attack when they are upset with another's opinion but can't really dispute it. You can block me if I'm too annoying for you. |
|
