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Post by pat on Mar 5, 2021 7:50:56 GMT -5
No doubt, I still can't believe there has not been more recognition of the fact that an entity just loaned the company $200 million UNSECURED. This does not happen in the real world without some inextricable relationship. Somehow, someway, the lender was well invested in MNKDs success already, of that that I am supremely confident. ?? Go on lending club online and you can lend people you don’t know with 500 FICO’s unsecured money to - often times anyway - consolidate credit card debt. |
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Post by derekewhitlock on Mar 5, 2021 7:59:33 GMT -5
No offense, but the fact you are comparing a 200 million dollar loan to peer to peer lending platforms where individuals are borrowing money from other individuals for everything from fixing their bike to "starting a business" at rates of 3-5 times 2.5% is pretty <<bleep>> funny.
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Post by pat on Mar 5, 2021 8:05:40 GMT -5
No offense, but the fact you are comparing a 200 million dollar loan to peer to peer lending platforms where individuals are borrowing money from other individuals for everything from fixing their bike to "starting a business" at rates of 3-5 times 2.5% is pretty <<bleep>> funny. Yes. That was the intention. I was questioning your statement. 😉 for example, how do you know it was one entity? |
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Post by bthomas55ep on Mar 5, 2021 8:22:58 GMT -5
What we do know. UHTR is asking for significant upgrades to the mfg plant for the Tyvasso Rollout. Selling and Leasing back the plant was one way to get the money to do that. My guess is that will not need to happen now.
Now that we know the lender of the $200M is anonymous, beyond UHTR, the only other logical, understanding lender is the Mann Group. Win/win. They of course are very sympathetic to the cause and have likely been gaining confidence in everything like we have and were in a position to make sure MNKD had the capital to execute the rollout. Tyvasso is the top 3 priorities of the company in that order. Mann simply sells $200M worth of stock now in exchange for the 2.5% unsecured and then in 3 or 4 years big win if they get them back at the $5.21 strike if MC has executed. Just a thought?
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Post by bosephe on Mar 5, 2021 8:47:53 GMT -5
No doubt, I still can't believe there has not been more recognition of the fact that an entity just loaned the company $200 million UNSECURED. This does not happen in the real world without some inextricable relationship. Somehow, someway, the lender was well invested in MNKDs success already, of that that I am supremely confident. I did a search on Convertible Senior Notes Offering, and there have been plenty of these deal taking place recently. Some at 0% interest. Mankind's deal does not seem that remarkable. |
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Post by derekewhitlock on Mar 5, 2021 8:55:19 GMT -5
For established companies with solid revenue streams and earnings per share numbers...you are correct.
Can you provide evidence of an unsecured hundred million dollar + loan for a company with MNKD's EPS? If you can, hats off to you and I will eat mine.
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Post by morfu on Mar 5, 2021 8:56:43 GMT -5
What we do know. UHTR is asking for significant upgrades to the mfg plant for the Tyvasso Rollout. Selling and Leasing back the plant was one way to get the money to do that. My guess is that will not need to happen now. Now that we know the lender of the $200M is anonymous, beyond UHTR, the only other logical, understanding lender is the Mann Group. Win/win. They of course are very sympathetic to the cause and have likely been gaining confidence in everything like we have and were in a position to make sure MNKD had the capital to execute the rollout. Tyvasso is the top 3 priorities of the company in that order. Mann simply sells $200M worth of stock now in exchange for the 2.5% unsecured and then in 3 or 4 years big win if they get them back at the $5.21 strike if MC has executed. Just a thought? >> Mann simply sells $200M worth of stock now in exchange for the 2.5% unsecured and then in 3 or 4 years big win if they get them back at the $5.21 strike if MC has executed.
This also has the advantage to be the only explanation for the huge sells we are seeing right now, which makes sense! Who else would start shorting/naked shorting Mannkind when they get cheap money like that? And I like the idea of Mann group staying invested in Mannkind like that! (maybe even getting that cheap 20% of the company in 2018.. but why would they do such things in secret?)
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Post by sportsrancho on Mar 5, 2021 8:57:06 GMT -5
My two cents....I doubt it’s the Mann group.
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Post by bosephe on Mar 5, 2021 9:05:08 GMT -5
Pebblebrook Hotel Trust Launches Public Offering of 1.75% Convertible Senior Notes Due 2026
$175,000,000 aggregate principal amount of 1.75% and $500,000,000 aggregate principal amount of 1.75%
EPS (TTM) -3.25
MNKD
EPS (TTM) -0.257
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Post by uvula on Mar 5, 2021 9:05:14 GMT -5
A few years ago someone here looked into the Mann group. It lost a lot of money on mnkd, it was spending money on several of Al's other charitable causes, and it wasn't as wealthy as people assume. I doubt they were involved in this placement.
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Post by morfu on Mar 5, 2021 9:11:30 GMT -5
A few years ago someone here looked into the Mann group. It lost a lot of money on mnkd, it was spending money on several of Al's other charitable causes, and it wasn't as wealthy as people assume. I doubt they were involved in this placement. I am not sure if that statement is correct! I believe Mann groups involvement is almost exclusively shares. And yes, they are worth a lot less than they have been, but Mann group would only have lost money if they sold these shares, maybe they did not do that and thus lost nothing so far. |
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Post by uvula on Mar 5, 2021 9:14:49 GMT -5
A few years ago someone here looked into the Mann group. It lost a lot of money on mnkd, it was spending money on several of Al's other charitable causes, and it wasn't as wealthy as people assume. I doubt they were involved in this placement. I am not sure if that statement is correct! I believe Mann groups involvement is almost exclusively shares. And yes, they are worth a lot less than they have been, but Mann group would only have lost money if they sold these shares, maybe they did not do that and thus lost nothing so far. So you're saying I haven't really lost money on mnkd because I am still holding my shares? That isn't how investing works. |
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Post by derekewhitlock on Mar 5, 2021 9:21:23 GMT -5
Touche. Although, A hotel REIT would have had a bad year in 2020; thus their EPS this year. Only slight difference is they have made hundreds of millions of dollars in net revenue since their inception, notwithstanding the off year here and there. While MNKD has never made a net penny. So, not a true comparison of Borrowers wouldn't you say?
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Post by morfu on Mar 5, 2021 9:37:37 GMT -5
I am not sure if that statement is correct! I believe Mann groups involvement is almost exclusively shares. And yes, they are worth a lot less than they have been, but Mann group would only have lost money if they sold these shares, maybe they did not do that and thus lost nothing so far. So you're saying I haven't really lost money on mnkd because I am still holding my shares? That isn't how investing works. Aww, please explain it to me then, I have been wrong all my life..
You sound like these shorts boasting how much money they made shorting the stock under $2 last year .. How much did you loose before you sell and how much money did they make so far?
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Post by pat on Mar 5, 2021 9:38:59 GMT -5
Touche. Although, A hotel REIT would have had a bad year in 2020; thus their EPS this year. Only slight difference is they have made hundreds of millions of dollars in net revenue since their inception, notwithstanding the off year here and there. While MNKD has never made a net penny. So, not a true comparison of Borrowers wouldn't you say? $1.9 Trillion about to be helicopter dropped...getting the picture? |
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