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Post by longliner on Feb 25, 2020 10:53:32 GMT -5
I’m sorry but how many times has Mike said that before....? how many months of cash do we have left? I think someone mentioned that there's about $50mil or so left and burn rate was around $5.4/Mon...So about nine months or so? Don't think revenues were taken into account so probably a few more months than that. I thought he also referenced 60 some million available through our credit facility? |
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Post by mannmade on Feb 25, 2020 11:30:14 GMT -5
I'm on the West Coast and generally rise early - but would like to awake to something positive and unexpected for a change. p split adjusted Nate repeatedly called MNKD a strong buy at $25.00 a buy $50.00. I don’t think anyone has been more wrong than Nate about MNKD I think MK for one, has...  |
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Post by mango on Feb 25, 2020 13:27:18 GMT -5
Maybe Mike just wants to go to NY for a few days...  See, I can be optimistic! Sorry, I do not know how to post this exchange, that I had w/Nate on Twitter here - so, I will type it. To start, I was on ST’s addressing John Kastane’s comment, that stated MC’s visit to NY (for the conf) is to raise money thru dilution & toxic warrants. I asked, how he knew that & the answer given, implied it was based on the people that would be there or something like that. While that was going on, a tweet popped up from Nate, who was talking to someone on Twitter about dilution - so, I responded to Nate, telling him about Kastane’s ST post & going on to say - “We haven’t even gotten through tomorrow’s conference call yet. Someone seems to always be looking for negatives. Gets tiring.” Nate responded with... “As you know, there are many folks who seem to make their living by tossing red herrings into the MNKD stream of social media (and, as you’ve probably noticed, they’ve developed a dismal track record of predictions to show for it as the years have rolled by :-)) I like that response. Tomorrow’s another day. Looking forward to the 9a EST CC. It appears that, based on today's CC, that John Kastanes' prediction that MannKind's presence at the conference is to raise money through dilution and toxic warrants was indeed wrong and nothing further from the truth. Why anyone listens to him is beyond me. Here's a failed prediction for you to keep tabs of ktim 😉 |
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Post by lennymnkd on Feb 25, 2020 14:01:27 GMT -5
Can anything be said at SBV LEERIN conf / that hasn’t already been said today .. CC
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Post by awesomo on Feb 25, 2020 14:18:57 GMT -5
Can anything be said at SBV LEERIN conf / that hasn’t already been said today .. CC Can? Yes Will? No |
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Post by mango on Feb 25, 2020 14:28:33 GMT -5
Sorry, but I don’t think Nate has any grounds to call other people out on their “dismal track record” regarding MNKD. Appears Nate was correct here, and John Kastanes' prediction was wrong...FYI |
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Post by mytakeonit on Feb 25, 2020 14:33:36 GMT -5
pps is down ... better load up more shares people. We are on track ... actually a faster track. Cash is okay and we have more milestone payments coming in. Whats more interesting ... how the stock manipulations kicked in on all 3 of my holdings.
But, that's mytakeonit
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Post by sportsrancho on Feb 25, 2020 14:40:41 GMT -5
Nate specified that dilution was normal in a small bio.
He also said the cc would be a binary event....Either MC had something or it was time for change.
Obviously we were not in a quiet period because of a partnership deal with Amgen or other....Which speaks to Mike not having any communications with shareholders or answering any emails... which speaks to the suggestion by Steve that he’s been muzzled. Just a plain quiet period before earnings it’s not something Mike ever respected before as far as e-mails go.
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Post by mango on Feb 25, 2020 14:45:47 GMT -5
I was commenting on the dismal track record of predictions that Nate referred to. Which, in this case, also applies to John Kastanes' failed prediction of dilution and toxic warrants.
Anyways, I suspect I'll be buying more than my pledged 50 shares this week seeing that we have an opportunistic price laid out before us now.
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Post by awesomo on Feb 25, 2020 15:03:02 GMT -5
I was commenting on the dismal track record of predictions that Nate referred to. Which, in this case, also applies to John Kastanes' failed prediction of dilution and toxic warrants. Ok? Nate's track record with MNKD is still undoubtedly dismal. He keeps claiming shorts are stuck, yet once again shorts are tap-dancing on the carcasses of our investment. I don't really care what this John Kastanes says either. |
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Post by mango on Feb 25, 2020 15:17:28 GMT -5
I was commenting on the dismal track record of predictions that Nate referred to. Which, in this case, also applies to John Kastanes' failed prediction of dilution and toxic warrants. Ok? Nate's track record with MNKD is still undoubtedly dismal. He keeps claiming shorts are stuck, yet once again shorts are tap-dancing on the carcasses of our investment. I don't really care what this John Kastanes says either. You seemed to have a different opinion yesterday concerning John Kastanes, re: "I don’t think Nate has any grounds to call other people out on their “dismal track record” regarding MNKD." -said awesomo Now that Kastanes' prediction has proven to be wong, you don't care anymore—just focusing on a small, insignificant comment of Nate's in an attempt to discredit him? I am certain Nate's track record is far better than the one you defended yesterday.  |
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Post by awesomo on Feb 25, 2020 15:23:27 GMT -5
Saying Nate has no grounds to call someone out has absolutely NOTHING to do with Kastanes. So a big fat LOL at you interpreting that as me defending Kastanes.
And Nate has been wrong with MNKD for years, hardly singling something out.
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Post by ktim on Feb 25, 2020 15:33:14 GMT -5
Sorry, I do not know how to post this exchange, that I had w/Nate on Twitter here - so, I will type it. To start, I was on ST’s addressing John Kastane’s comment, that stated MC’s visit to NY (for the conf) is to raise money thru dilution & toxic warrants. I asked, how he knew that & the answer given, implied it was based on the people that would be there or something like that. While that was going on, a tweet popped up from Nate, who was talking to someone on Twitter about dilution - so, I responded to Nate, telling him about Kastane’s ST post & going on to say - “We haven’t even gotten through tomorrow’s conference call yet. Someone seems to always be looking for negatives. Gets tiring.” Nate responded with... “As you know, there are many folks who seem to make their living by tossing red herrings into the MNKD stream of social media (and, as you’ve probably noticed, they’ve developed a dismal track record of predictions to show for it as the years have rolled by :-)) I like that response. Tomorrow’s another day. Looking forward to the 9a EST CC. It appears that, based on today's CC, that John Kastanes' prediction that MannKind's presence at the conference is to raise money through dilution and toxic warrants was indeed wrong and nothing further from the truth. Why anyone listens to him is beyond me. Here's a failed prediction for you to keep tabs of ktim 😉 If he made that sort of statement, it certainly shows he isn't a professional analyst. Though unless he was stating a prediction that it would be dilution in the immediate term, I wouldn't count that as failed prediction yet. MC has stated or implied he could avoid dilutive funding in the past and then relatively quickly turned around and did it. In the presentation where he states funding is in place it was directly after implying MidCap final $25M is still on the table... and without any indication/validation that the rather dramatic change in script growth that would be required (and not yet at all visible) would materialize. From the current data we have there is a gap in funding before MNKD gets to cash flow break even. It would be nearly impossible to dispute that. That would hold even IF the $25M were to come through, and right now it looks highly unlikely the covenants will be met. Of course MNKD could negotiate something with MidCap... and I think Mike's phrasing on the CC was no equity "raise", so that probably means he could give equity to MidCap in order to get that final tranche and technically have not been lying, despite it having the same dilutive effect on shareholders. Just listened to the CC. I think there were some positive surprises and I was newly impressed by seemingly more candid answers to questions. I might write up some notes of my thoughts and post later. |
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Post by ktim on Feb 25, 2020 15:38:31 GMT -5
pps is down ... better load up more shares people. We are on track ... actually a faster track. Cash is okay and we have more milestone payments coming in. Whats more interesting ... how the stock manipulations kicked in on all 3 of my holdings. But, that's mytakeonit That is interesting that they've started targeting your specific portfolio.  Maybe you should actually short some stocks but claim that you're long. Sounds like a surefire way of getting rich with all the manipulators targeting you. |
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Post by ktim on Feb 25, 2020 15:47:00 GMT -5
Nate specified that dilution was normal in a small bio. He also said the cc would be a binary event....Either MC had something or it was time for change. Obviously we were not in a quiet period because of a partnership deal with Amgen or other....Which speaks to Mike not having any communications with shareholders or answering any emails... which speaks to the suggestion by Steve that he’s been muzzled. Just a plain quiet period before earnings it’s not something Mike ever respected before as far as e-mails go. Nate stated THIS cc was a binary event? For MNKD, for his assessment of holding vs exiting, or for his support of management? If it really were a binary event for him did he decide on what the criteria would be ahead of time? MC "having something" isn't exactly hard line setting of concrete criteria. Same way that I wouldn't think much of the BoD setting an annual goal for Mike's bonus saying "if you have something" you'll get your bonus. I'm guessing Nate's rhetorical support of MNKD will remain unwavering. |
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