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Post by olebob1 on Jun 26, 2020 19:58:34 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 Too bad Kent K was not willing to invest another million to goose it to $6 plus this time. That would have been exciting. I understand that would not have changed the warrant price, but still would have been fun for a day or two. |
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Post by casualinvestor on Jun 26, 2020 22:26:24 GMT -5
MC is still up on his investment, but only time will tell if the PPS stays up. I like to think it will, even if we stay below $2 for a while
I suspect that just like the run to $6, there's a lot more going on behind the scenes that I will never know about. That's ok.
The good news for people still holding MNKD, is that the recent activity did not generate a short feeding frenzy. Rather, the shorts are still exiting, which can only be good for the share price.
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