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Post by neil36 on May 25, 2020 8:20:49 GMT -5
What are the current boundaries for MC’s ability to sell shares at-the-market? If someone can clarify what they can and can’t do on a daily basis, now that they have a lot more available shares, I’d appreciate the refresher. Thanks in advance I’ll use a hypothetical to generate discussion. On March 31, 2020, there were 213,137,684 shares outstanding. Now there are 400 million shares authorized. If the cash burn is $11 million per quarter, is there anything that would prevent MNKD from selling enough shares each week to cover the cash burn, avoid new debt, and preserve all of their cash? If they needed to raise $846,000 per week ($11 million per quarter) to meet that goal, and they got $1.50 a share, they would need to sell 564,000 shares per week or just over 7 million shares per quarter (less as cash burn decreases and CFBE approaches) If the company could offset the cash burn by selling 30 million shares over the next twelve months, the shares outstanding would still be less than 250 million, leaving 150 million still available. Of course this assumes a stock price of $1.50 or better as prospects improve for the numerous story-lines coming together. Is it possible that the company could offset their cash burn until mid-2021 simply by selling roughly 113,000 shares a day into the market? |
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Post by Deleted on May 25, 2020 8:35:19 GMT -5
I am using MidCap because it's the bare minimum that must be hit. As for doing an equity deal and paying off MidCap that would be normal after all that's what was done with Deerfield - a succession of dilutions (equity deals) settled the Deerfield debts. I am sure you remember what those deals did to the share price. You still haven't said what your success metrics are, I have told you mine. Aged, he backs his success metrics with cash, not posts. What would make you do the same?😎 Are you telling me AGED does not own MNKD Shares??? If true, that's hilarious!! We all have different measurements of success so it doesn't make sense to sit here and explain what I deem successful. Like I said....as long as MNKD gets stronger every quarter and all financial metrics improve that's goos enough for me to continue to ADD TO MY POSITION. Seems like that's something YOU DON'T DO!! |
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Post by pat on May 25, 2020 8:36:49 GMT -5
Aged, he backs his success metrics with cash, not posts. What would make you do the same?😎 Are you telling me AGED does not own MNKD Shares??? If true, that's hilarious!! We all have didn't measurements of success so it doesn't make sense to sit here and explain what I deem successful. Like I said....as long as MNKD gets stronger every quarter and all financial metrics improve that's goos enough for me to continue to ADD TO MY POSITION. Seems like that's something YOU DON'T DO!! I would posit there are quite a few posters here who don’t own shares...in fact, quite the opposite. |
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Post by cretin11 on May 25, 2020 10:43:33 GMT -5
Are you telling me AGED does not own MNKD Shares??? If true, that's hilarious!! We all have didn't measurements of success so it doesn't make sense to sit here and explain what I deem successful. Like I said....as long as MNKD gets stronger every quarter and all financial metrics improve that's goos enough for me to continue to ADD TO MY POSITION. Seems like that's something YOU DON'T DO!! I would posit there are quite a few posters here who don’t own shares...in fact, quite the opposite. Highly doubtful. Only a couple of them, and most of them used to own shares if they don’t now. |
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Post by longliner on May 25, 2020 12:03:49 GMT -5
Are you telling me AGED does not own MNKD Shares??? If true, that's hilarious!! We all have didn't measurements of success so it doesn't make sense to sit here and explain what I deem successful. Like I said....as long as MNKD gets stronger every quarter and all financial metrics improve that's goos enough for me to continue to ADD TO MY POSITION. Seems like that's something YOU DON'T DO!! I would posit there are quite a few posters here who don’t own shares...in fact, quite the opposite. It would be childish to think otherwise. |
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Post by mytakeonit on May 25, 2020 13:51:23 GMT -5
I would posit there are quite a few posters here who don’t own shares...in fact, quite the opposite. Highly doubtful. Only a couple of them, and most of them used to own shares if they don’t now. Okay I own some shares ... whose the other one? But, that's mytakeonit |
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Post by seanismorris on May 25, 2020 17:37:00 GMT -5
I would posit there are quite a few posters here who don’t own shares...in fact, quite the opposite. It would be childish to think otherwise. I think the vast majority of posters here are frustrated Longs not Shorts. Usually it’s hedge funds and professional investors that Short, and they could care less about what is posted here. I’m sure they use sentiment as a data point, but when they want to manipulate it, they’re going to write an article revealing their position... not complain on a message board. |
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Post by cretin11 on May 25, 2020 17:46:01 GMT -5
It would be childish to think otherwise. I think the vast majority of posters here are frustrated Longs not Shorts. Usually it’s hedge funds and professional investors that Short, and they could care less about what is posted here. I’m sure they use sentiment as a data point, but when they want to manipulate it, they’re going to write an article revealing their position... not complain on a message board. Bingo! We have a winner. |
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Post by awesomo on May 25, 2020 18:05:06 GMT -5
@awesone: Can You explain better what You mean by "Afrezza is loosing a lot of money" ? Up to last quarter results, it seems a little bit different.... Not talking about MNKD as a whole company, but Afrezza as a single product... This analysis up to me could be very helpfully, so just a general sentence seems too much simplicistic. Thanks This is for Q1 Afrezza Net Revenue: 8M COGS: 4.16MSelling (Marketing): 8.15MThat's already -4.3M and I'm not even including cost of revenue of 3.36M because I don't know how it breaks out, but it does involve Afrezza costs with partnerships like Cipla, etc. |
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Post by pat on May 25, 2020 19:07:57 GMT -5
It would be childish to think otherwise. I think the vast majority of posters here are frustrated Longs not Shorts. Usually it’s hedge funds and professional investors that Short, and they could care less about what is posted here. I’m sure they use sentiment as a data point, but when they want to manipulate it, they’re going to write an article revealing their position... not complain on a message board. I respectfully disagree. |
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Post by agedhippie on May 25, 2020 19:21:07 GMT -5
As they say....cash talks, buls--- walks.😎 I like aged, and appreciate his knowledge (I don't care much for his employer). I would truly like to know what will "move the needle" for him to invest. Fair question and I think I posted a reply to it a while back but I also think it was pre-UTHR. I would probably start paying attention around $3, but I wouldn't buy in before $5 and it would need to be a nice steady rise, not a spike. How it plays out from there IDK, but the share price at $5 would imply a fairly solid platform so it should be safe(ish). How soon this is depends on getting more partners like UTHR and less like RLS onboard. I am not looking for Afrezza growth to drive this growth since I don't think the management have the foggiest idea how to sell it. |
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Post by sportsrancho on May 25, 2020 19:23:51 GMT -5
Me on ST...
$MNKD “So Pro-Boards is having this discussion about who owns shares and who doesn’t.🤣I know quite a few people that sold at $3 and plan on buying back at $3. And are still interested in hearing about the company. They aren’t into penny stocks and felt there was too much risk. But won’t it be nice on the way up to have that extra support over $3. So don’t judge ...support and educate😎 Bullish”
Nate to me...
@rooksleanne “I happened to poke my head in to look at a message and figured I'd see what was going on with the stream ahead of tomorrow's session (an anniversary of sorts for Mike, if I remember correctly?)... and your observation is absolutely correct about stocks in general, but even more so when it comes to biotech stocks! Namely, though risk is actually at its lowest when stock prices are also at their lowest, rising prices tend to boost confidence... and so, even though the underlying $MNKD story will be exactly the same if/when the the stock is at $3 as it is today at $1.50, you'll see more investors take an interest in owning it... and, likewise, if/when it doubles again from $3 to $6, it will be considered even less risky even though investors who buy in at that price will be paying four times as much for the same opportunity ("herd mentality" is a funny thing :-)). Anyhow, thanks for all the effort you've put in, rooks - looking forward to this week's trading sessions! Cheers!”
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Post by sportsrancho on May 25, 2020 19:34:41 GMT -5
Aged.... hilarious...no, pretty much brilliant:-)
You see obviously he has had his money in stocks that have gone up this whole time, we’ve all been holding onto dead money.
It doesn’t matter how you want to play it, everybody has to follow their own rules of trade.
I know a poster who sold at $3 and bought a house, could not afford the dead money because he wanted his kids to grow up in a backyard. Life happens.
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Post by longliner on May 25, 2020 19:45:36 GMT -5
It would be childish to think otherwise. I think the vast majority of posters here are frustrated Longs not Shorts. Usually it’s hedge funds and professional investors that Short, and they could care less about what is posted here. I’m sure they use sentiment as a data point, but when they want to manipulate it, they’re going to write an article revealing their position... not complain on a message board. Yeah, right and our president wouldn't tweet🙄 Because like hedge funds he has more important thing to do than visit social media.🤣 |
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Post by longliner on May 25, 2020 19:53:08 GMT -5
As they say....cash talks, buls--- walks.😎 I like aged, and appreciate his knowledge (I don't care much for his employer). I would truly like to know what will "move the needle" for him to invest. Fair question and I think I posted a reply to it a while back but I also think it was pre-UTHR. I would probably start paying attention around $3, but I wouldn't buy in before $5 and it would need to be a nice steady rise, not a spike. How it plays out from there IDK, but the share price at $5 would imply a fairly solid platform so it should be safe(ish). How soon this is depends on getting more partners like UTHR and less like RLS onboard. I am not looking for Afrezza growth to drive this growth since I don't think the management have the foggiest idea how to sell it. Fair enough, if you buy in at five I will have you beat by a few pennies. |
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