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Post by brotherm1 on May 22, 2020 12:51:10 GMT -5
They better have something going on. I figure they have about $13K or so unencumbered cash end if this month. In an uncertain economy it’s probably prudent to dilute now while price is up.
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Post by longliner on May 22, 2020 12:53:43 GMT -5
They better have something going on. I figure they have about $13K or so unencumbered cash end if this month. In an uncertain economy it’s probably prudent to dilute now while price is up. I would prefer a buy in. |
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Post by peppy on May 22, 2020 12:54:49 GMT -5
I think shorts are moving out of the stock today. There has been an ongoing drop in short interest over the last month. I always hoped there would be a massive short squeeze. However, as tired as I am of the beaten down price, I am happy to see any kind of orderly short exit from the stock. In some ways, it is good to have a slower move up as it provides a more solid foundation to the stock price. I don’t think this is a pump and dump move to raise capital by Mnkd either. I would love to see 10 to 15 cent daily upward moves for weeks if possible. We will see. we know how difficult MNKD price is. I want to say, to my surprise now, break and hold on 1.52, a measured move to looks like $7.50. Crazy..... however, IF shorts are covering... big IF |
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Post by celo on May 22, 2020 13:38:54 GMT -5
They better have something going on. I figure they have about $13K or so unencumbered cash end if this month. In an uncertain economy it’s probably prudent to dilute now while price is up. 13,000 in cash left? Can you explain in a little more detail? Thanks |
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Volume 7
May 22, 2020 13:59:32 GMT -5
via mobile
Post by brotherm1 on May 22, 2020 13:59:32 GMT -5
They had $50M ending December 31 though $15M was encumbered by Midcap. They burned about $11.5M the first quarter. Guessing they will have burned $10M more through this month (Apri amd May about $5M per momth).
Edit. Though I guess if they keep the CARES loan they would have $5
M more than that
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Post by brotherm1 on May 22, 2020 14:02:57 GMT -5
Oh. sorry. I meant Millions not
thousands
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Post by celo on May 22, 2020 14:07:35 GMT -5
Not to say I really know anything, but the amount of shares short is down to the lowest level in almost 2 years.
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Post by liane on May 22, 2020 14:17:57 GMT -5
For the 1st time in a very long time, we soon will not have warrants overhanging.
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Post by mytakeonit on May 22, 2020 14:23:27 GMT -5
So I won't have to worry about the cops coming to my door anymore? What about if my stocks exceed the federally insured amount?  Oh the things we have to worry about. Actually, I won't have to worry about that ... at least for another week anyway. But, that's mytakeonit |
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Post by celo on May 22, 2020 14:28:24 GMT -5
They had $50M ending December 31 though $15M was encumbered by Midcap. They burned about $11.5M the first quarter. Guessing they will have burned $10M more through this month (Apri amd May about $5M per momth). Edit. Though I guess if they keep the CARES loan they would have $5 M more than that Not to say that they will need a cash raise at some time from somewhere. With the CARES loan and the fact their cash burn rate has decreased probably even greater over 1Q20 where it was about 3.8M a month, Mannkind probably will have roughly 30M at the end of June. Midcap holding the strings on about 15M. Teetering but not terrible. Although owner of a business that received PPP financing myself, you really want to rehire everyone you can when you receive the loan because all the employees are paid for. Mannkind has 2.5 months to burn through it after the time they received it in April. |
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Post by peppy on May 22, 2020 14:33:28 GMT -5
They had $50M ending December 31 though $15M was encumbered by Midcap. They burned about $11.5M the first quarter. Guessing they will have burned $10M more through this month (Apri amd May about $5M per momth). Edit. Though I guess if they keep the CARES loan they would have $5 M more than that Not to say that they will need a cash raise at some time from somewhere. With the CARES loan and the fact their cash burn rate has decreased probably even greater over 1Q20 where it was about 3.8M a month, Mannkind probably will have roughly 30M at the end of June. Midcap holding the strings on about 15M. Teetering but not terrible. Although owner of a business that received PPP financing myself, you really want to rehire everyone you can when you receive the loan because all the employees are paid for. Mannkind has 2.5 months to burn through it after the time they received it in April. at the risk of making a fool out of myself (again) The UTHR stipend coming in? added; "Though seeing that sales the 3rd possible tranche ($25M)," |
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Post by peppy on May 22, 2020 14:44:26 GMT -5
They had $50M ending December 31 though $15M was encumbered by Midcap. They burned about $11.5M the first quarter. Guessing they will have burned $10M more through this month (Apri amd May about $5M per momth). Edit. Though I guess if they keep the CARES loan they would have $5 M more than that Not to say that they will need a cash raise at some time from somewhere. With the CARES loan and the fact their cash burn rate has decreased probably even greater over 1Q20 where it was about 3.8M a month, Mannkind probably will have roughly 30M at the end of June. Midcap holding the strings on about 15M. Teetering but not terrible. Although owner of a business that received PPP financing myself, you really want to rehire everyone you can when you receive the loan because all the employees are paid for. Mannkind has 2.5 months to burn through it after the time they received it in April. Posted by CJM 5 hours ago Mar 2020 Revenue 16.24M Net income -9.32M Operating income -7.4M Net change in cash 8.96M Cash on hand 38.87M Cost of revenue 7.53M Cash = 39m + 5 covid loan + 25m midcap loan + 25m united milestones 94m cash / 9m cash burn per qtr...... that’s a lot of $ runway compared to the usual. United royalties and Peds trial are years away. Has to be the cash situation. |
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Post by longliner on May 22, 2020 14:45:27 GMT -5
Not to say that they will need a cash raise at some time from somewhere. With the CARES loan and the fact their cash burn rate has decreased probably even greater over 1Q20 where it was about 3.8M a month, Mannkind probably will have roughly 30M at the end of June. Midcap holding the strings on about 15M. Teetering but not terrible. Although owner of a business that received PPP financing myself, you really want to rehire everyone you can when you receive the loan because all the employees are paid for. Mannkind has 2.5 months to burn through it after the time they received it in April. at the risk of making a fool out of myself (again) The UTHR stipend coming in? added; "Though seeing that sales the 3rd possible tranche ($25M)," I believe Mike said this week or next week for the next UTHR milestone payment. |
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Volume 7
May 22, 2020 15:04:06 GMT -5
via mobile
Post by Clement on May 22, 2020 15:04:06 GMT -5
This quarter. So within 6 weeks.
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Post by peppy on May 22, 2020 15:05:11 GMT -5
I want to say, expiry was last Friday, the third Friday of the month. Volume 5,774,439 Avg. Volume 2,454,787 finance.yahoo.com/quote/MNKD?p=MNKDdouble normal volume. real time volume, a few mins for it to close, 3,327,907 I can not tell you the last time I saw this real time volume. 1.5000. +0.1600 (+11.94%) At close: 4:00PM EDT |
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Oh the things we have to worry about.