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Post by parrerob on Jun 17, 2020 10:57:03 GMT -5
Mike bought a bunch of shares. That’s good and unexpected news. All this attempted analysis of the intra-family allocation is unnecessary and irrelevant. Sure Baba.... it was just curiosity... |
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Post by myocat on Jun 17, 2020 11:09:20 GMT -5
I fear a dilution is coming.
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Post by MnkdWASmyRtrmntPlan on Jun 17, 2020 11:15:35 GMT -5
Myo, I think the opposite. If there were a dilution coming, Mike would obviously know about it, and I do not think he would have made this purchase now ... unless, of course, there is enough other GOOD news coming in addition, to offset any upcoming dilution. In other words, even if dilution is coming, Mike thinks MNKD is still a good investment now. And THAT is all that really matters.
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Post by myocat on Jun 17, 2020 12:15:09 GMT -5
Myo, I think the opposite. If there were a dilution coming, Mike would obviously know about it, and I do not think he would have made this purchase now ... unless, of course, there is enough other GOOD news coming in addition, to offset any upcoming dilution. In other words, even if dilution is coming, Mike thinks MNKD is still a good investment now. And THAT is all that really matters. I hope you are right. I've been long since eon and there were times they diluted just as the PPS was up high enough. |
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Post by buyitonsale on Jun 17, 2020 13:38:05 GMT -5
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.
Most certainly they are being exercised by the holder, now that SP is above the strike price.
They will not wait until 26th, they will soon or have already locked up the profit against the warrants.
Warrants = dilution , but more importantly cash for operations to get the company to CFBE.
MNKD is one step closer.
+ $11.6M in cash.
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Post by MnkdWASmyRtrmntPlan on Jun 17, 2020 15:03:45 GMT -5
Myo, I think the opposite. If there were a dilution coming, Mike would obviously know about it, and I do not think he would have made this purchase now ... unless, of course, there is enough other GOOD news coming in addition, to offset any upcoming dilution. In other words, even if dilution is coming, Mike thinks MNKD is still a good investment now. And THAT is all that really matters. I hope you are right. I've been long since eon and there were times they diluted just as the PPS was up high enough. Yes, I remember the $7 tease. That was a remarkable maneuver. I sure could use an adrenaline rush like that again right now. Ha!, maybe I'll set some $7.00 limit sell orders now.  |
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Post by itellthefuture777 on Jun 18, 2020 8:38:43 GMT -5
I hope you are right. I've been long since eon and there were times they diluted just as the PPS was up high enough. Yes, I remember the $7 tease. That was a remarkable maneuver. I sure could use an adrenaline rush like that again right now. Ha!, maybe I'll set some $7.00 limit sell orders now. remember the $11 before the 5x split? Or $60 a share...1 partner $1 billion $60 a share...hmm...but at this stage I would imagine it'll cost more.. |
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Post by myocat on Jun 18, 2020 9:42:27 GMT -5
I hope you are right. I've been long since eon and there were times they diluted just as the PPS was up high enough. Yes, I remember the $7 tease. That was a remarkable maneuver. I sure could use an adrenaline rush like that again right now. Ha!, maybe I'll set some $7.00 limit sell orders now. Cash equivalents and restricted cash as of March 31, 2020 was $39.2 million (50.2M on Dec 31, 2019). Assuming cash burns rate per quarter is 12M, MNKD has 3 qtrs to go. Any dilution will halt the PPS upward momentum. |
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Post by traderdennis on Jun 18, 2020 19:13:40 GMT -5
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. Most certainly they are being exercised by the holder, now that SP is above the strike price. They will not wait until 26th, they will soon or have already locked up the profit against the warrants. Warrants = dilution , but more importantly cash for operations to get the company to CFBE. MNKD is one step closer. + $11.6M in cash. While looking really good for the warrants to exercise, The warrant holders would sell shares first, then cover with the warrants by June 26th. My guess is close to 22 million shares have been sold over the last 2 days with the price in the 1.80-1.95 range. That probably means many or most of 7.25 million warrants have been sold. They will cover with an exercise as long as the price is above 1.60. So probably still a week before you can count cash in the coffers, but a real good chance it will happen. There is no penalty in waiting for June 26th, but if they exercised and then sold that is riskier as their sells may trigger a decline in the price. I doubt they are looking to be a long term holder of the stock, even if they are the warrants would trigger any 13-x filing requirements and having shares does change their control of shares. With the way the market tumbled in March it would be worth it to them to see if something similar would happen again. |
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New Form 4
Jun 18, 2020 20:18:17 GMT -5
via mobile
Post by cjm18 on Jun 18, 2020 20:18:17 GMT -5
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. Most certainly they are being exercised by the holder, now that SP is above the strike price. They will not wait until 26th, they will soon or have already locked up the profit against the warrants. Warrants = dilution , but more importantly cash for operations to get the company to CFBE. MNKD is one step closer. + $11.6M in cash. While looking really good for the warrants to exercise, The warrant holders would sell shares first, then cover with the warrants by June 26th. My guess is close to 22 million shares have been sold over the last 2 days with the price in the 1.80-1.95 range. That probably means many or most of 7.25 million warrants have been sold. They will cover with an exercise as long as the price is above 1.60. So probably still a week before you can count cash in the coffers, but a real good chance it will happen. There is no penalty in waiting for June 26th, but if they exercised and then sold that is riskier as their sells may trigger a decline in the price. I doubt they are looking to be a long term holder of the stock, even if they are the warrants would trigger any 13-x filing requirements and having shares does change their control of shares. With the way the market tumbled in March it would be worth it to them to see if something similar would happen again. So the share price will crash to 1.60 soon? |
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Post by casualinvestor on Jun 19, 2020 8:09:41 GMT -5
He said the exact opposite. The warrant holder has likely already sold 7.25M shares short (at 1.8 to 1.98 PPS if they were smart). Now they will wait to see if the price drops below 1.60 before June 26th. If it does not, they will cover the short with the warrant shares and get a .20 to .38 profit per share. If the stock drops below 1.6, then they would cover with at-market shares for more profit.
Either way, the warrant shares are already sold. It's partly that selling that has blunted the rise these past 2 days.
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Post by mnkdfann on Jun 26, 2020 16:45:51 GMT -5
I wonder ...
Did MC buy those shares with the foresight that the share price would run in advance of warrant expiry, and he could make some quick coin from the trade?
Or did MC buy in the expectation that his apparent 'vote of confidence' would encourage the shares to run in advance of warrant expiry, and so bring always desirable $$$ into the Mannkind coffers by making exercise of the warrants more probable (I assume they were indeed exercised subsequently). That is, was it MC's turn to goose the SP this time around, a bit like - IIRC - Kent Kresa did for the October 2017 run?
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Post by buyitonsale on Jun 26, 2020 17:18:59 GMT -5
It is not a "trade" until we get a reported sell by him, which we will not... He is accumulating like most here until the SP is worthy...
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Post by sportsrancho on Jun 26, 2020 19:14:37 GMT -5
I wonder ... Did MC buy those shares with the foresight that the share price would run in advance of warrant expiry, and he could make some quick coin from the trade? Or did MC buy in the expectation that his apparent 'vote of confidence' would encourage the shares to run in advance of warrant expiry, and so bring always desirable $$$ into the Mannkind coffers by making exercise of the warrants more probable (I assume they were indeed exercised subsequently). That is, was it MC's turn to goose the SP this time around, a bit like - IIRC - Kent Kresa did for the October 2017 run? #2 IMO |
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Post by goyocafe on Jun 26, 2020 19:56:59 GMT -5
I wonder ... Did MC buy those shares with the foresight that the share price would run in advance of warrant expiry, and he could make some quick coin from the trade? Or did MC buy in the expectation that his apparent 'vote of confidence' would encourage the shares to run in advance of warrant expiry, and so bring always desirable $$$ into the Mannkind coffers by making exercise of the warrants more probable (I assume they were indeed exercised subsequently). That is, was it MC's turn to goose the SP this time around, a bit like - IIRC - Kent Kresa did for the October 2017 run? #2 IMO Agreed, which makes him complicit in the pump and dump with an end goal of getting the warrants in play. It's anyone's guess if he was trying to facilitate this for the warrant holders or for MNKD's cash position or both. |
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