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Post by boca1girl on Jun 16, 2020 13:07:03 GMT -5
Yes they did. Will show in next quarter results. Curious as to where you had seen that they received it? I thought that was mentioned on the last earnings call. Check the transcript. |
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Post by mnkdfann on Jun 16, 2020 13:13:56 GMT -5
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Post by jlaw277 on Jun 16, 2020 15:44:22 GMT -5
Should have been paid by end of Q2 2020.
www.sec.gov/Archives/edgar/data/899460/000119312520153051/d936164d8k.htmItem 8.01 Other Events. On May 21, 2020, the Company achieved the third of four specified development milestones under its licensing and collaboration agreement with United Therapeutics, dated September 3, 2018, for the development and commercialization of a dry powder formulation of treprostinil, entitling the Company to a payment of $12.5 million. Treprostinil Technosphere (“TreT”) is an investigational product currently being evaluated in clinical trials for the treatment of pulmonary arterial hypertension. Pursuant to the agreement, the Company is eligible to earn an additional milestone payment of $12.5 million upon the achievement of a defined development milestone. The Company is also entitled to receive low double-digit royalties on net sales of TreT. www.sec.gov/Archives/edgar/data/899460/000156459018026006/mnkd-ex108_399.htm(page 26) 6.2Milestone Payments. (a)Generally. In partial consideration for the licenses and rights granted to United Therapeutics hereunder, and on the terms and subject to the conditions set forth herein, United Therapeutics shall pay to MannKind the following non-refundable, non-creditable milestone payments set out below (the “Milestone Payments”) following the achievement of the corresponding milestone events (each, a “Milestone”). Such payment shall be made within 10 Business Days of the achievement of the applicable milestone event by United Therapeutics.
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Post by anderson on Jun 17, 2020 9:27:38 GMT -5
Lets not forget the warrants that might get exercised for about 11 mil. investors.mannkindcorp.com/node/16801/html"As of December 31, 2019, 7,250,000 Warrant Shares remained available for purchase by such holder until June 26, 2020 at a price of $1.60 per share." |
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Post by celo on Jun 17, 2020 9:31:58 GMT -5
So with the UTHR payment and the warrants being purchased they could have 40 million right now.
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Post by neil36 on Jun 17, 2020 9:37:54 GMT -5
Lets not forget the warrants that might get exercised for about 11 mil. investors.mannkindcorp.com/node/16801/html"As of December 31, 2019, 7,250,000 Warrant Shares remained available for purchase by such holder until June 26, 2020 at a price of $1.60 per share." Exactly. And I figured hypothetically that with all the new shares available, MC could sell shares at the market to preserve cash. If their cash burn was $11 million a quarter, they could sell less than 30 million shares over the next twelve months (roughly 500,000 shares per week) to preserve all their cash on hand. That would still take them to only 250 million shares outstanding and 150 million shares on the shelf. As the stock price goes higher and revenues start to materialize, it begins a virtuous cycle, as opposed to the destructive death spiral we’ve all been in the past several years. |
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Post by celo on Jun 17, 2020 9:59:33 GMT -5
Lets not forget the warrants that might get exercised for about 11 mil. investors.mannkindcorp.com/node/16801/html"As of December 31, 2019, 7,250,000 Warrant Shares remained available for purchase by such holder until June 26, 2020 at a price of $1.60 per share." Exactly. And I figured hypothetically that with all the new shares available, MC could sell shares at the market to preserve cash. If their cash burn was $11 million a quarter, they could sell less than 30 million shares over the next twelve months (roughly 500,000 shares per week) to preserve all their cash on hand. That would still take them to only 250 million shares outstanding and 150 million shares on the shelf. As the stock price goes higher and revenues start to materialize, it begins a virtuous cycle, as opposed to the destructive death spiral we’ve all been in the past several years. Your cash burn analysis is based on this year's Afrezza sales. If afrezza sales continue to increase as they have for the last 2 years, there will be a much smaller burn rate. Probably 5-6 million a quarter by 1Q2021 |
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Post by mytakeonit on Jun 17, 2020 13:33:26 GMT -5
Aw heck, I'll just buy those warrants on Friday.
But, that's mytakeonit
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Post by longliner on Jun 17, 2020 13:40:21 GMT -5
Lets not forget the warrants that might get exercised for about 11 mil. investors.mannkindcorp.com/node/16801/html"As of December 31, 2019, 7,250,000 Warrant Shares remained available for purchase by such holder until June 26, 2020 at a price of $1.60 per share." Exactly. And I figured hypothetically that with all the new shares available, MC could sell shares at the market to preserve cash. If their cash burn was $11 million a quarter, they could sell less than 30 million shares over the next twelve months (roughly 500,000 shares per week) to preserve all their cash on hand. That would still take them to only 250 million shares outstanding and 150 million shares on the shelf. As the stock price goes higher and revenues start to materialize, it begins a virtuous cycle, as opposed to the destructive death spiral we’ve all been in the past several years. I would really prefer a buy in with those shares, it's time to set a floor and roll with cash AND power. |
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Post by MnkdWASmyRtrmntPlan on Jun 17, 2020 14:53:07 GMT -5
I hope it's a good pump so I can get back in after the dump... Kinda like the one when we went to near 7.. I would be happy then.. Sweedee, did you sell at $2.00 today?  That probably would have been a good idea (unfortunately) for short-term strategies. But, hopefully, not. I'm rooting for your $7 thingy. I would be happy then, too. |
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Post by longliner on Jun 17, 2020 23:39:25 GMT -5
An old fishing slogan comes to mind, "stick and stay and make it pay".
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Post by sweedee79 on Jun 17, 2020 23:58:25 GMT -5
I hope it's a good pump so I can get back in after the dump... Kinda like the one when we went to near 7.. I would be happy then.. Sweedee, did you sell at $2.00 today? That probably would have been a good idea (unfortunately) for short-term strategies. But, hopefully, not. I'm rooting for your $7 thingy. I would be happy then, too. No...Havent sold yet.. I sold at 5$ in the last big pump... Kept averaging down After that. My new cost basis is 2.20.. hoping for at least 3$.. Will see what happens tomorrow.. o |
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Post by MnkdWASmyRtrmntPlan on Jun 18, 2020 10:28:40 GMT -5
$5! ... Wow, Good for you, Sweedee. And $2.20 cost basis is great. I can only "wish" about that. In today's terms, I paid $19 for my first batch years ago. I have only gotten my average down to $3.40, and only by buying more (not selling any) ... I typically didn't buy at the best of times. I am not good at timing my buys and sells. I would love to see some more directors & management buy shares big-time. That would send the SP soaring. But, hey Sweedee, $3???. Don't do that. This time, if it goes to $3, it's going to $10 shortly after that. I may start selling some (a little bit) around that price ($10), but I plan on holding out to at least $20 for most. But, don't listen to me. That's all just my opinions. Remember, I'm the guy that just admitted I am not good at timing buys and sells.  |
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Post by mytakeonit on Jun 18, 2020 12:37:28 GMT -5
When you mention "timing" ... you are in day trader mode. But, I believe with recent developments ... you should be in long time/forever hold mode. Then later, if they are still good ... give it to your kids. Heck, it's only money. But, that's mytakeonit But, also watch out for "fake kids" that say please adopt me.  Hmmm ... who could that be? Anyway, tomorrow is revelation day Friday. Not so much about scripts anymore ... but interesting none the less. |
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Post by sweedee79 on Jun 18, 2020 12:49:56 GMT -5
I'll be honest about that big pump... I was up 50k.. and I was nervous.. so I set a trailing stop behind it.. I had never did that before.. and I can't remember how far behind it was trailing.. I didn't want to get stopped out either and miss a run.. but the next morning I was stopped out.. then it went back up a bit before the long slow dump.. nerve racking for sure.. but I came out of it with some profit and bought more shares.. lucky!!!!
I also sold before the RS.. I stayed out for 6 months after...
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Hmmm ... who could that be?