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Post by BD on Mar 2, 2021 14:10:52 GMT -5
I am considering asking my wife to not go out for dinner this weekend. If she agrees, I will have ~150.00 that I can use to buy more shares this morning. (L.O.L.) Best of luck guys and gals.... Maybe you can negotiate, go out to Applebee's or something (or even better, a good authentic Mexican place) and you'll still have most of that $150 for shares... |
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Post by castlerockchris on Mar 2, 2021 14:16:35 GMT -5
For those who think this raise was done to pump up the value of management bonuses... Not sure why I'm poking the bear here, but come on, really? MC owns 1,117,560 shares of MNKD stock, plus his future options/restricted shares. So people on this board are saying he would make a move that would negatively impact the value of his current shares by more than $2mm so he could juice his bonus? Hint, his 2019 bonus was 285K. Not the raise, jesus. The way they announced it. Got it. My bad. |
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Post by boca1girl on Mar 2, 2021 14:25:30 GMT -5
For those who think this raise was done to pump up the value of management bonuses... Not sure why I'm poking the bear here, but come on, really? MC owns 1,117,560 shares of MNKD stock, plus his future options/restricted shares. So people on this board are saying he would make a move that would negatively impact the value of his current shares by more than $2mm so he could juice his bonus? Hint, his 2019 bonus was 285K. Not the raise, jesus. The way they announced it. Awesome, you need to read some of the other posts about conversion hedging and how other companies have made similar disclosures for convertible notes recently. I felt the same as you yesterday, thinking management was throwing current shareholders under the bus, until I learned today that this is how the game is played. Yesterday (and maybe today) those short positions were put on to increase the investors returns. Hopefully it will just be a temporary set back for us long haulers. |
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Post by rfogel on Mar 2, 2021 14:42:25 GMT -5
Can anyone with more knowledge of Danbury real estate prices comment as to whether this is a good deal on the factory:
"The terms of the LOI include a sales price of approximately $95 million - $105 million, a lease term of 20 years with four 5-year renewal options, and annual rent of approximately $10 million - $11 million at the beginning of the lease."
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Post by MnkdWASmyRtrmntPlan on Mar 2, 2021 14:48:33 GMT -5
For those who think this raise was done to pump up the value of management bonuses... Not sure why I'm poking the bear here, but come on, really? MC owns 1,117,560 shares of MNKD stock, plus his future options/restricted shares. So people on this board are saying he would make a move that would negatively impact the value of his current shares by more than $2mm so he could juice his bonus? Hint, his 2019 bonus was 285K. Yes, Chris, really. I don't think that this raise was done strictly for mgt bonuses. But, it's pretty darn convenient to have that cash available for that purpose. 285k bonus in 2019 sure would look better to Mike at a million or two for 2021. And his SP will recover with a little time. Look, this raise is a good thing for MNKD. They have many needs for that cash and the terms will probably be much better than any they have had yet, and it seems like it was done very well (good job Steve Binder). I have not been shy to let it be know that I do not think Mike is the best CEO we could have. As a long-term stockholder, I am not happy with his performance to date. But, I wasn't commenting with much of a degree of seriousness. It was more lighthearted. I would call it more like "tickling" the bear. |
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Post by celo on Mar 2, 2021 15:47:25 GMT -5
I didn't like the way they announced. Not sure the share price being slammed to the ground occurred because of it.
This deal is the first for Mannkind from a position of strength. That means a lot. The future is extremely bright. This deal 3, 6, 9 or 12 months ago would of been the miracles of miracles. Today it means the pipeline will be strong.
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Post by hellodolly on Mar 2, 2021 16:00:13 GMT -5
For those who think this raise was done to pump up the value of management bonuses... Not sure why I'm poking the bear here, but come on, really? MC owns 1,117,560 shares of MNKD stock, plus his future options/restricted shares. So people on this board are saying he would make a move that would negatively impact the value of his current shares by more than $2mm so he could juice his bonus? Hint, his 2019 bonus was 285K. I'm all in favor of giving Mike and the Team a big fat bonus, plus more incentives, options and awards. Not even vested...just give it to him! |
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Post by celo on Mar 2, 2021 16:02:30 GMT -5
Would the buyer of the Mannkind shares purchase some put options to hedge against their 2024 possible share purchases?
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Post by bosephe on Mar 2, 2021 16:45:35 GMT -5
Investors are not gonna stick with a company they precieve to be shady. The way this went down looks and feels shady. This all feels planned. A run up to earnings then this announcement to put it right back in the ditch. Hoping they quickly announced something that shows how this is going to be used wisely.
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Post by longliner on Mar 2, 2021 16:51:52 GMT -5
Over 50 million shares trade in two days! I know boca didn't buy all of those.  Now that will bring out some new ID's! |
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Post by agedhippie on Mar 2, 2021 17:12:34 GMT -5
Would the buyer of the Mannkind shares purchase some put options to hedge against their 2024 possible share purchases? Probably to an extent. However, they would be doing it to be certain of getting their capital back rather than make a profit of the short in this case. What they are after is the interest so they will hedge out the capital movement. This is actually a good sign because it means you have lenders who want the interest rather than are opportunists. |
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Post by buyitonsale on Mar 2, 2021 17:20:18 GMT -5
Somebody is willing to pay $200M+ for an option to buy MNKD stock at $5.21 per share, starting in December 2025, while collecting only %2.5 interest until then... Let that sink in... Those investors are most likely buying up the stock since yesterday, to take advantage of shorting and panic. Today everyone had a chance to buy the same stock under $4 without any premium or waiting. I did. Keep complaining about the management while you watch the stock price rise in the coming days and weeks  Opportunities in the markets do not last long, most people only recognize them after the fact. |
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Post by bosephe on Mar 2, 2021 17:46:07 GMT -5
Doesn't this $200M have to be paid back with interest.
How it's paid back varies, but it still needs to be paid back.
I am not seeing how this is such a generous act on the lenders part.
I want to see more reasons to hold vs opportunities to buy.
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Post by buyitonsale on Mar 2, 2021 18:46:53 GMT -5
a. Parking $200M for 5 years at 2.5% and then wanting to buy a stock that is currently $4 at $5.21 or b. Using $200M starting now to invest into any equity you want or into S&P ETF Those guys must be insane And most importantly, this deal is so bad for MNKD isn't it |
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Post by apidistra on Mar 2, 2021 19:42:15 GMT -5
Somebody is willing to pay $200M+ for an option to buy MNKD stock at $5.21 per share, starting in December 2025, while collecting only %2.5 interest until then... Let that sink in... Those investors are most likely buying up the stock since yesterday, to take advantage of shorting and panic. Today everyone had a chance to buy the same stock under $4 without any premium or waiting. I did. Keep complaining about the management while you watch the stock price rise in the coming days and weeks Opportunities in the markets do not last long, most people only recognize them after the fact. It's awesome, totally awesome! |
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Now that will bring out some new ID's!
