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Post by Deleted on Jun 7, 2022 0:00:26 GMT -5
Of course not we have to wait and see at the next cc. IF Mike tapped the ATM today then they are almost done. Current Shelf was for $50M. Today totaled $45M... After taking some time to think about the ATM.....I actually hope he didn't tap it. That would mean he's not expecting the stock to rise anytime soon especially when Mike said he doesn't need any additional capital. We will have to wait and see.
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Post by akemp3000 on Jun 7, 2022 4:19:38 GMT -5
Can anyone provide any information to support the idea that the ATM may have been tapped or is this just random wild speculation? If this is based on a lot of shares being bought and sold in one day, please explain HOW this supports that speculation. Just asking for a better understanding.
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Post by georgethenight2 on Jun 7, 2022 4:49:18 GMT -5
Can anyone provide any information to support the idea that the ATM may have been tapped or is this just random wild speculation? If this is based on a lot of shares being bought and sold in one day, please explain HOW this supports that speculation. Just asking for a better understanding. I think that if the ATM is tapped, more power to us. Was it necessary? Not sure. But, my feeling is that with so much on our plate currently, would MC really need to do this? In coming royalties, increasing Afrezza sales, many catalysts in the near and mid-near term, why do such a thing? I actually sent IR an email asking them if MC did that. Probably not going to get a response, but happy wait and see. In the mean time, T-minus two months till the next quarterly, one of the many that I am extremely positive about!
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Post by hellodolly on Jun 7, 2022 5:38:40 GMT -5
Can anyone provide any information to support the idea that the ATM may have been tapped or is this just random wild speculation? If this is based on a lot of shares being bought and sold in one day, please explain HOW this supports that speculation. Just asking for a better understanding. I think that if the ATM is tapped, more power to us. Was it necessary? Not sure. But, my feeling is that with so much on our plate currently, would MC really need to do this? In coming royalties, increasing Afrezza sales, many catalysts in the near and mid-near term, why do such a thing? I actually sent IR an email asking them if MC did that. Probably not going to get a response, but happy wait and see. In the mean time, T -minus two months till the next quarterly, one of the many that I am extremely positive about!I think Mike would also like to wait and see what the next quarterly does to the SP before tapping into the ATM...or I at least hope he is before letting loose with the offering. Although, with so much news in the market, especially with the ongoing macro economic developments (both domestically and globally), he and the team might be thinking it to be prudent to get it over with for the sake of uncertainty. I do have to say that someone reporting here that they could see three blocks of 3.4 million shares go through is at the very least an interesting detail.
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Post by uvula on Jun 7, 2022 7:25:02 GMT -5
We've gone from "was the ATM" tapped" to "was it a good idea for Mike to tap the ATM" in 1 day with no evidence or proof except the daily stock purchases kind of match the size of the ATM and some large blocks were apparently traded.
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Post by peppy on Jun 7, 2022 8:04:26 GMT -5
Maybe MNKD did tap the ATM, I have no clue. Steve Binder has been a good financial planner for MNKD. Perhaps with the market melt down, perhaps Binder understands loss of liquidity and wanted more cushion.
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Post by hellodolly on Jun 7, 2022 8:25:01 GMT -5
We've gone from "was the ATM" tapped" to "was it a good idea for Mike to tap the ATM" in 1 day with no evidence or proof except the daily stock purchases kind of match the size of the ATM and some large blocks were apparently traded. If the glove fits...it might be a cow bell.
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Post by anderson on Jun 7, 2022 8:28:38 GMT -5
We have ~200mil in the bank, and MNKD can now borrow up to $25 million from MidCap. Last year was a net lose of $80.9 million(and we might get to break even this year). $225/81 = ~2.7 years of operating costs based off last year. So why would tapping the ATM be needed? We are way past the need for capital unless we have a M&A target or a need for serious expansion and then there should be other sources for the capital than the ATM. The only dilution that should even be contemplated is if UTHR wants a stake and is willing to buy shares directly from MNKD so we can bank those funds for expansion.
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Post by prcgorman2 on Jun 7, 2022 8:33:37 GMT -5
50,000 shares traded (up) in the first minute. Now that is interesting volume!
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Post by peppy on Jun 7, 2022 8:46:04 GMT -5
MNKD volume at 15 mins of trade. real time, 252,766 summary, 326,606 Avg. Volume 4,549,434
4.464. +0.124. (+2.8571%) As of 09:45AM EDT. Market open.
MNKD Volume at 30 mins of trade, real time, 415,683 Summary, 532,087
4.45. +0.11
Volume at 1 hour of trade, real time, 570,488 shares. summary, 826,836
$4.47. +0.13 (+2.9954%)
1 hour and 14 mins, summary volume hit 1 million. 1,043,076 4.4952. +0.1552 (+3.5760%)
Avg. Volume 4,549,434
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Post by peppy on Jun 7, 2022 11:49:09 GMT -5
MND Volume at the half day of trade, real time, 1,215,172 Summary, 1,810,875
Volume slowed.
$4.425. +0.085. (+1.9585%)
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Post by peppy on Jun 7, 2022 15:15:07 GMT -5
MNKD Nadaq real time volume, 3,154,408 shares. MNKD Nasdaq summary volume, 3,616,791 Avg. Volume 4,549,434 $4.52. +0.18 (+4.15%) Daily charts, every one is chopping,......... (Not oil or gas) MNKD chopping high. UTHR chopping above point of break out, $COMPQ chopping, low. IBB chopping lower. Similar chops.
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Post by joeypotsandpans on Jun 7, 2022 16:07:02 GMT -5
MNKD Nadaq real time volume, 3,154,408 shares. MNKD Nasdaq summary volume, 3,616,791 Avg. Volume 4,549,434 $4.52. +0.18 (+4.15%) Daily charts, every one is chopping,......... (Not oil or gas) MNKD chopping high. UTHR chopping above point of break out, $COMPQ chopping, low. IBB chopping lower. Similar chops. MNKD Chopping nicely above the 200d,forming bull flag..projected to next tee @ $6.90 👀
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Post by celo on Jun 7, 2022 18:10:15 GMT -5
I have been wrong about mnkd catalyst so many times in the past, but the chart is setting up nicely for quarterly reports to show profits rolling in for Tyvaso. Should be nice little bumps up before and into quarterly reporting periods
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Post by celo on Jun 8, 2022 8:56:23 GMT -5
Nice little ascending flag in the last month. The pole of the flag occurred when Tyvaso DPI was approved. Bullish pattern. Has to break through the top of the flag at 4.70ish to continue moving upward.
What I don't like is there was another ascending flag during the whole calendar year of 2021. When the Tyvaso DPI delay occurred in late October 2021 the flag broke to the downside. The 2021 flag has a medium price of 4.65 with the top of the flag at 5.50. I think if we break upward out of the current flag we will probably go to 5.50 and then hit a short term top. Amazing how the stock popped right back to the medium level it had during the first run up.
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