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Post by prcgorman2 on Jun 25, 2020 5:52:45 GMT -5
I’m glad you’re an influencer (sincerely). Nevertheless, pumping or bashing for the purpose of stock price manipulation is illegal. Also, if you’re provably a subject matter expert and someone purchases or sells their assets based on recommendations you’ve made and their investment choice was a poor one that you influenced, it can get dicey. Nate’s caveat (emptor) is always, “never own more than you can sleep comfortably with at night” (or words to that effect).
I sleep fine, but everybody’s threshold is different. The last time I bought was about a year ago. I don’t plan to buy any more for the time being. I was tempted during this last spike, but I’ve seen the run up on warrant expiration before and there were no obvious fundamentals. The floor was better. The volume is better, and technicals can be thrilling. I was hoping but not expecting there might be news at the Lytham chat.
My expectation is the shorts piled on and will pile on harder to ensure the warrants expire worthless - again. What I don’t have a satisfactory explanation for is why. Why does someone always seem to want to make sure warrants don’t convert? Why is it valuable? And, who is it valuable to? The untrusting part of me suspects it is someone who wants to deny Mannkind access to capital. But, it may not be dark forces other than people who like to take advantage of a stock whose price can be manipulated up and down so that they can wash, rinse, repeat. That doesn’t sound too dark, but it does sound illegal.
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Post by bthomas55ep on Jun 25, 2020 6:24:17 GMT -5
I’m glad you’re an influencer (sincerely). Nevertheless, pumping or bashing for the purpose of stock price manipulation is illegal. Also, if you’re provably a subject matter expert and someone purchases or sells their assets based on recommendations you’ve made and their investment choice was a poor one that you influenced, it can get dicey. Nate’s caveat (emptor) is always, “never own more than you can sleep comfortably with at night” (or words to that effect). I sleep fine, but everybody’s threshold is different. The last time I bought was about a year ago. I don’t plan to buy any more for the time being. I was tempted during this last spike, but I’ve seen the run up on warrant expiration before and there were no obvious fundamentals. The floor was better. The volume is better, and technicals can be thrilling. I was hoping but not expecting there might be news at the Lytham chat. My expectation is the shorts piled on and will pile on harder to ensure the warrants expire worthless - again. What I don’t have a satisfactory explanation for is why. Why does someone always seem to want to make sure warrants don’t convert? Why is it valuable? And, who is it valuable to? The untrusting part of me suspects it is someone who wants to deny Mannkind access to capital. But, it may not be dark forces other than people who like to take advantage of a stock whose price can be manipulated up and down so that they can wash, rinse, repeat. That doesn’t sound too dark, but it does sound illegal. Warrants directly raise more capital into the business. When warrants expire unexercised, the company misses a fund raising opportunity. A short seller likes this as it may later force the company to issue more shares at lower prices and terms. Usually, that too causes the share price to go lower yet. All in favor of the short sellers strategy which is to hopefully see the price go lower after you've sold. |
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Post by sportsrancho on Jun 25, 2020 6:29:57 GMT -5
I was kidding about the “art of the pump” ..just teasing you guys because this conversation goes on day in and day out! Everything I say outside of when I’m kidding is heartfelt and my concern is with and for the patients.
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Post by prcgorman2 on Jun 25, 2020 6:38:59 GMT -5
I’m glad you’re an influencer (sincerely). Nevertheless, pumping or bashing for the purpose of stock price manipulation is illegal. Also, if you’re provably a subject matter expert and someone purchases or sells their assets based on recommendations you’ve made and their investment choice was a poor one that you influenced, it can get dicey. Nate’s caveat (emptor) is always, “never own more than you can sleep comfortably with at night” (or words to that effect). I sleep fine, but everybody’s threshold is different. The last time I bought was about a year ago. I don’t plan to buy any more for the time being. I was tempted during this last spike, but I’ve seen the run up on warrant expiration before and there were no obvious fundamentals. The floor was better. The volume is better, and technicals can be thrilling. I was hoping but not expecting there might be news at the Lytham chat. My expectation is the shorts piled on and will pile on harder to ensure the warrants expire worthless - again. What I don’t have a satisfactory explanation for is why. Why does someone always seem to want to make sure warrants don’t convert? Why is it valuable? And, who is it valuable to? The untrusting part of me suspects it is someone who wants to deny Mannkind access to capital. But, it may not be dark forces other than people who like to take advantage of a stock whose price can be manipulated up and down so that they can wash, rinse, repeat. That doesn’t sound too dark, but it does sound illegal. Warrants directly raise more capital into the business. When warrants expire unexercised, the company misses a fund raising opportunity. A short seller likes this as it may later force the company to issue more shares at lower prices and terms. Usually, that too causes the share price to go lower yet. All in favor of the short sellers strategy which is to hopefully see the price go lower after you've sold. At some point the short position has to be covered. Or the strategy is the complete obliteration of the target company and the elimination of the obligation to cover (I assume). The question has been, and remains, whether the short action is a concerted effort to specifically harm MNKD, or just the usual market action. There have been several posts, with some analysis, which argued it is just the normal (for this day and age) market activity. That’s a cold comfort, but it may be the reality, as is the reality that some people, some of which may post on this board, use social media to pump or bash in order to assist with the agenda to manipulate stock price. Nobody has ever made a convincing argument that somehow social media bashing or pumping only happens in other social media outlets, and MNKD is effectively immune, and anyone who suggests otherwise is simply paranoid. The SEC says its not paranoia, and I believe them. |
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Post by bthomas55ep on Jun 25, 2020 7:01:02 GMT -5
Warrants directly raise more capital into the business. When warrants expire unexercised, the company misses a fund raising opportunity. A short seller likes this as it may later force the company to issue more shares at lower prices and terms. Usually, that too causes the share price to go lower yet. All in favor of the short sellers strategy which is to hopefully see the price go lower after you've sold. At some point the short position has to be covered. Or the strategy is the complete obliteration of the target company and the elimination of the obligation to cover (I assume). The question has been, and remains, whether the short action is a concerted effort to specifically harm MNKD, or just the usual market action. There have been several posts, with some analysis, which argued it is just the normal (for this day and age) market activity. That’s a cold comfort, but it may be the reality, as is the reality that some people, some of which may post on this board, use social media to pump or bash in order to assist with the agenda to manipulate stock price. Nobody has ever made a convincing argument that somehow social media bashing or pumping only happens in other social media outlets, and MNKD is effectively immune, and anyone who suggests otherwise is simply paranoid. The SEC says its not paranoia, and I believe them. Understand. That said, a short seller makes money by the price going down. There can be no dispute that there are strategies implemented beyond hoping that the price will go down. |
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Post by matt on Jun 25, 2020 9:20:48 GMT -5
Waiting on matt to chime in about this. In the past when MNKD attended this type of conference it's usually to solicit funds and there was always some sort of dilution. Will it be the same this time? Could very well be the case. The company needs more cash, further Midcap funding is not feasible due to missed sales targets, and except for the last UTHR milestone there are no sources of cash on the horizon that we know about. Meanwhile, the company has a burn rate that has eased a bit but not nearly enough. One way or the other, dilution is coming and the only question is what form will it take. Investor conferences cost money to organize and the organizers are not in it for their health any more than investment banks are Mother Theresa. If any of the investors want to take a run at MNKD it will come at a price and you might expect the PPS to decline. I am good at predicting the direction of price movements, less skilled at predicting the magnitude. However, the recent run up in price on no material news, followed by yesterday's and today's decline also on no news suggests a bit of caution may be in order. |
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Post by sellhighdrinklow on Jun 25, 2020 9:35:33 GMT -5
The data presented at ADA was significantly positive news, aka, material news.
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Post by cjm18 on Jun 25, 2020 9:40:31 GMT -5
The data presented at ADA was significantly positive news, aka, material news. When taken at face value. Yes. But will it bring in cash? Enough to justify a 60% increase in price? |
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Post by esstan2001 on Jun 25, 2020 10:00:22 GMT -5
The data presented at ADA was significantly positive news, aka, material news. so was yesterday's UTHR presentation on Tre-T |
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Post by pat on Jun 25, 2020 10:04:23 GMT -5
Waiting on matt to chime in about this. In the past when MNKD attended this type of conference it's usually to solicit funds and there was always some sort of dilution. Will it be the same this time? Could very well be the case. The company needs more cash, further Midcap funding is not feasible due to missed sales targets, and except for the last UTHR milestone there are no sources of cash on the horizon that we know about. Meanwhile, the company has a burn rate that has eased a bit but not nearly enough. One way or the other, dilution is coming and the only question is what form will it take. Investor conferences cost money to organize and the organizers are not in it for their health any more than investment banks are Mother Theresa. If any of the investors want to take a run at MNKD it will come at a price and you might expect the PPS to decline. I am good at predicting the direction of price movements, less skilled at predicting the magnitude. However, the recent run up in price on no material news, followed by yesterday's and today's decline also on no news suggests a bit of caution may be in order. You talk as if further dillution is a certainty. I do not agree that further dilution is coming - Warrants tomorrow not withstanding. Prey tell why and when we can expect said dillution. Educate me. |
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Post by wyattdog on Jun 25, 2020 10:11:50 GMT -5
no mention of dilution on the conference call. in fact Mike said they were in a great cash position.
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Post by morfu on Jun 25, 2020 10:28:19 GMT -5
The data presented at ADA was significantly positive news, aka, material news. When taken at face value. Yes. But will it bring in cash? Enough to justify a 60% increase in price? well, that depends if you see the current share price as a fair evaluation.. It all comes back to the question, how much should a company with a potential Billion dollar revenue in 10years from now be worth right now? And for that little positive news might have tremendous impact. I for example strongly believe that these revenues are possible, if the company survives that long and anything which might bring in some money in the short run removes about the only abstacle I see..
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Post by porkini on Jun 25, 2020 11:13:44 GMT -5
The data presented at ADA was significantly positive news, aka, material news. so was yesterday's UTHR presentation on Tre-T Must have been good, UTHR is up right now +$6 (+5%) and topping 52-week high. Must not have been so good for MNKD as it is currently down almost 5%. |
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Post by thekid2499 on Jun 25, 2020 11:23:16 GMT -5
so was yesterday's UTHR presentation on Tre-T Must have been good, UTHR is up right now +$6 (+5%) and topping 52-week high. Must not have been so good for MNKD as it is currently down almost 5%. You should listen to it instead of speculating based on the stock price fluctuations of a single day. It's always good to know what you own. |
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Post by porkini on Jun 25, 2020 11:28:47 GMT -5
Must have been good, UTHR is up right now +$6 (+5%) and topping 52-week high. Must not have been so good for MNKD as it is currently down almost 5%. You should listen to it instead of speculating based on the stock price fluctuations of a single day. It's always good to know what you own. Thanks for the flogging. Why are you speculating on me speculating on daily price fluctuations and speculating that I own UTHR and speculating that I don't know what I own?  |
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