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Post by Chris-C on Apr 26, 2021 15:23:24 GMT -5
As has been pointed out regarding debt management, I like that they emerge with considerably more degrees of freedom going forward. Repaying, extending and reducing the cost of debt is just smart business. Period. Maintaining goodwill with the Mann group is taking care of fundamentals. We are now ready to rock and roll. I agree with others that there is probably more good news to come that has not been included on the currently circulating list of known or likely positives. GLTAL and of course...FTS |
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Post by cretin11 on Apr 26, 2021 18:09:04 GMT -5
Yep, that’s their job and good to see them doing it. |
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Post by lakon on Apr 26, 2021 22:43:34 GMT -5
I was wondering if the sale/lease back was going forward because of the lack of news. Do they really need another $100M? IDK. I'd say get it ($) while it's hot, and there's a lot of hot money out there looking for a return. The state of the art factory is not getting any newer or younger. Why not sell it and lease it back until enough cash returns to build a newer one that's BETTER, FASTER, and CHEAPER? Pour the extra $100M into the pipeline candidates with the most growth potential. That's good asset management.
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Post by markado on Apr 26, 2021 22:58:43 GMT -5
I can think of a lot of things MNKD can do with $100M. But, in addition to practical things, $100M on the books at a 20x multiple for a larger firm is worth $2B in market cap. Now, it may not be worth that to MNKD's share price, because the same multiple may not apply. However, it is or can be a partial valuation driver, at minimum a negotiations chip. And though I'm not looking for MNKD to be bought out any time soon, I'm all for us increasing flexibility and unlocking assets to further and more quickly pursue priorities that drive SP appreciation. I certainly wouldn't mind us being range bound closer to $10 per share for a little while. But, I'm a bullish long, and won't be selling, just watching, waiting, and enjoying as we go up for a while.
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Post by mannmade on Apr 27, 2021 10:55:30 GMT -5
Does anyone know how much COH and how much long term debt MNKD currently has after this refi? Just curious as would like to know if this is runway money until Trep T comes on line or are they using for future investments? Perhaps a buy in to RLS?
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New 8-K
Apr 27, 2021 11:53:42 GMT -5
via mobile
Post by Clement on Apr 27, 2021 11:53:42 GMT -5
How much will it cost to do pediatric Afrezza phase 3 trial?
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New 8-K
Apr 27, 2021 11:56:52 GMT -5
Post by morfu on Apr 27, 2021 11:56:52 GMT -5
Does anyone know how much COH and how much long term debt MNKD currently has after this refi? Just curious as would like to know if this is runway money until Trep T comes on line or are they using for future investments? Perhaps a buy in to RLS? Hmm.. I would say about $60mil at hand and $290 liabilities and now you can add $300mil to both numbers minus the amount they already spent to reduce some of the debts.. $50mil??
(starting at the 2020 annual report with $67mil at hand and $7mil spending per mil, but achieving a recent milestone)
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