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Post by castlerockchris on May 21, 2020 12:03:24 GMT -5
Wow, so far this is electrifying!
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Post by brotherm1 on May 21, 2020 12:58:49 GMT -5
Did I hear correcty they did not apply for $10M Midcap tranche and it expired in April?
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Post by brotherm1 on May 21, 2020 12:59:38 GMT -5
2nd UTHR molecule formula completed but UTHR has not opted for it yet and don’t expect anything soon?
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Post by brotherm1 on May 21, 2020 13:00:18 GMT -5
We do not comment on forward cash burn?
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Post by otherottawaguy on May 21, 2020 13:24:05 GMT -5
They did not take the 10m tranche and it expired on 15 Apr.
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Post by buyitonsale on May 21, 2020 13:30:57 GMT -5
Shareholders have spoken. For the next 12 months, this is the management team. Love or leave it.
Shorts lost the battle on the authorized shares. Time to leave MNKD alone and cover yet?
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Post by longliner on May 21, 2020 13:46:42 GMT -5
"Royalties on Trep-T will be higher than our market cap". Did anyone catch when the upcoming board meeting is with UTHR? I heard but missed the date.
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Post by cjm18 on May 21, 2020 13:57:52 GMT -5
"Royalties on Trep-T will be higher than our market cap". Did anyone catch when the upcoming board meeting is with UTHR? I heard but missed the date. Royalties over a 5, 10, or 20 year time period? |
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Post by longliner on May 21, 2020 14:07:22 GMT -5
"Royalties on Trep-T will be higher than our market cap". Did anyone catch when the upcoming board meeting is with UTHR? I heard but missed the date. Royalties over a 5, 10, or 20 year time period? I didn't hear specifics beyond that. |
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Post by agedhippie on May 21, 2020 14:10:11 GMT -5
They did not take the 10m tranche and it expired on 15 Apr. I guess that the PPP money is a better source. It's $5M less but if you can get it forgiven it's free money, and if not the interest rate is far better than MidCap. |
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Post by brotherm1 on May 21, 2020 14:34:08 GMT -5
Though seeing that sales are looking to be too low for the 3rd possible tranche ($25M), would it not have behooved them to at least have taken the $10M in April?
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Post by MnkdWASmyRtrmntPlan on May 21, 2020 15:30:21 GMT -5
Mike's last words:
I'll close out the conversation saying that, obviously, shareholder return is not where we would like it.
I would say that all of us are unified in our desire to progress shareholder return to be better than it has been.
At the same time we had to dig the company out of a pretty deep hole over the last 3 years.
That's hurt our authorized share count that's outstanding.
I think you've seen Steve and I have been very prudent with those shares.
We said they would last 3 years. They have lasted us 3 years that you gave us back in 2017.
And, we will continue to be prudent.
Thank you for that authorized capital today.
There is no short-term need that we can see on the horizon, but we always wanta have the corporate flexibility to run the company and pursue opportunities as they exist.
But, ya know, going into the second half here guys, we continue to see Afrezza growing.
We continue to see us managing our expenses very tightly.
Good positive data readouts. David's got at least 11 presentations and publications in the next 90 days, our salesforce is being expanded, the reimbursement hub, the bluhale thing.
A lot of positive things going into the second half, and additionally, Trepostinil will continue to (exceed risk? ... inaudible).
So when you look out, we're very excited.
I think the market will finally realize the value sitting here.
As we look at just Trepostinil, our royalties alone are worth probably as much as our market caps.
We're going to continue to pursue increase in shareholder return as best as we can.
Noone is more frustrated as me as I've invested a lot of money outside of any options and shares I get.
I think this is a great buy, and I will continue to look for more opportunities to enhance that as quickly as we can, and just thank you for your patience.
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Post by nylefty on May 21, 2020 15:32:03 GMT -5
$1.38 after hours.
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Post by gamblerjag on May 21, 2020 15:59:24 GMT -5
Unfortunately only 12,000 shares But better than being down :-). Very happy with the call Expect good things second half of the year and much better 2021 |
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Post by MnkdWASmyRtrmntPlan on May 21, 2020 16:22:09 GMT -5
Mike said "I've invested a lot of money outside of any options and shares I get." ... Really?
Does he mean he has bought more shares than is reported in the Form 4's? Is that legal? I thought all the shares he owns has to be reported in those forms.
Looking back at his last two Form 4's:
Derivative Securities beneficially owned: 145,275
Securities beneficially owned: 168,560
Total shares that Mike owns: 313,835
Can Mike have more (personal) shares than what we know of?
In any case, from that comment, Mike seems to be satisfied with the number of shares he currently owns, so, despite that he thinks it's a good buy, he probably won't be backing his truck up to buy more soon.
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