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Post by peppy on Jun 8, 2022 9:01:33 GMT -5
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Post by celo on Jun 8, 2022 9:18:43 GMT -5
Volume is pretty meager this morning compared to past mornings. A nice pack of buyers coming in and pushing us out of the 4.70s would be appreciated. Any long term holders ready to jump in? In jest of course, as we have all been around here waiting for inhalable medications day in the sun. The base of the ascending flag has moved up to 4.50. Drops below that level down it goes.
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Post by peppy on Jun 8, 2022 9:31:58 GMT -5
Volume is pretty meager this morning compared to past mornings. A nice pack of buyers coming in and pushing us out of the 4.70s would be appreciated. Any long term holders ready to jump in? In jest of course, as we have all been around here waiting for inhalable medications day in the sun. The base of the ascending flag has moved up to 4.50. Drops below that level down it goes. I needed to look at the clock today as well, as time is moving slow. MNKD volume At 1 hour of trade, real time, 827,185 summary, 1,173,378 Avg. Volume 4,555,161 4.7279. +0.2079 (+4.5996%) celo, today may be the day. What do we need, break and hold of $4.80?
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Post by celo on Jun 8, 2022 9:44:06 GMT -5
We have now jumped above 4.77 which was the high at approval. That is a strong place to be. 4.80s and beyond would help. I want to go back up to the 5s and 6s now that traders can feel comfort in upcoming revenues. Other catalyst need to happen to go up from there.
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Post by peppy on Jun 8, 2022 9:49:44 GMT -5
We have now jumped above 4.77 which was the high at approval. That is a strong place to be. 4.80s and beyond would help. I want to go back up to the 5s and 6s now that traders can feel comfort in upcoming revenues. Other catalyst need to happen to go up from there. above, agreed, it feels good to perhaps be witnessing our belated plan coming together. In a market downtrend. I have been studying up. This funds tightening, Liquidity is being reduced as in the amount of US dollars floating around the world are being reduced. oh the irony, MNKD went down for years in the greatest uptrend the USA has ever seen. The ballon now popped, the market downtrending and MNKD up trending. Damn clog train. Chit.
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Post by peppy on Jun 8, 2022 9:52:12 GMT -5
4.8100+0.2900 (+6.4159%) As of 10:51AM EDT. Market open.
it hit.
More volume needs to come in.
1,945,848 Avg. Volume 4,555,161
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Post by peppy on Jun 8, 2022 10:09:59 GMT -5
The nasdaq finally went negative. MNKD price has been coming at resistance in an orderly fashion, like a battering ram. Hit, retreat, consulate, another attempted hit. and so on.
The afternoon session the last hour and a half, we will see.
and Nasdaq back and forth green, red, green.
Come on MNKD. push.
4.7950+0.2750 (+6.0841%) As of 11:09AM EDT. Market open.
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Post by celo on Jun 8, 2022 10:13:23 GMT -5
We have now jumped above 4.77 which was the high at approval. That is a strong place to be. 4.80s and beyond would help. I want to go back up to the 5s and 6s now that traders can feel comfort in upcoming revenues. Other catalyst need to happen to go up from there. above, agreed, it feels good to perhaps be witnessing our belated plan coming together. In a market downtrend. I have been studying up. This funds tightening, Liquidity is being reduced as in the amount of US dollars floating around the world are being reduced. oh the irony, MNKD went down for years in the greatest uptrend the USA has ever seen. The ballon now popped, the market downtrending and MNKD up trending. Damn clog train. Chit. Yes but I have read the long term cycle will have investors looking for stability. If Mannkind can show stable revenue from multiple streams it might be considered one of the salves to heal the wounds of inflation.
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Post by peppy on Jun 8, 2022 10:33:14 GMT -5
above, agreed, it feels good to perhaps be witnessing our belated plan coming together. In a market downtrend. I have been studying up. This funds tightening, Liquidity is being reduced as in the amount of US dollars floating around the world are being reduced. oh the irony, MNKD went down for years in the greatest uptrend the USA has ever seen. The ballon now popped, the market downtrending and MNKD up trending. Damn clog train. Chit. Yes but I have read the long term cycle will have investors looking for stability. If Mannkind can show stable revenue from multiple streams it might be considered one of the salves to heal the wounds of inflation. I always pay attention to anderson (Other fine poster have also put the pencil to the paper and posted as well.) quote, " 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. We have money and a plan. If the ATM was used, big if, as it looked like a trade between funds, if.... I really like Binder, and perhaps Binder understands interest rates and liquidity better than I do.
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Post by peppy on Jun 8, 2022 10:36:42 GMT -5
MNKD Volume at 3 hours of trade, volume slowed. real time, 2,001,093 summary, 2,988,491
4.7850+0.2650 (+5.8628%) As of 12:30PM EDT. Market open.
Volume at two hours of trade, real time, 1,665,845 shares. summary, 2,459,219 Avg. Volume 4,555,161 4.795. +0.275. (+6.0841%)
MNKD volume At 1 hour of trade, real time, 827,185 summary, 1,173,378
4.7279. +0.2079 (+4.5996%)
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Post by peppy on Jun 8, 2022 10:50:13 GMT -5
ad nauseam, why not, this is what this thread is for. MNKD new highs during market, "lunch time," 4.8550+0.3350 (+7.4115%) As of 11:48AM EDT. Market open. celo , All... the plan seems to be working. $4.98 $5.00 today? what do you have?
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Post by diski58 on Jun 8, 2022 11:03:09 GMT -5
ad nauseam, why not, this is what this thread is for. MNKD new highs during market, "lunch time," 4.8550+0.3350 (+7.4115%) As of 11:48AM EDT. Market open. celo , All... the plan seems to be working. $4.98 $5.00 today? what do you have? Just throwing this out with all the other very good posts on price action by various posters above this one. Looking back on the 5 year chart MNKD so far has broken the downtrend and at least needs to hold above $4.60 ish to keep uptrend in place. If so, price should gravitate to $6.15 ish where it will need to level off, consolidate before it continues its uptrend. Again, nothing is guaranteed and just my humble opinion.
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Post by peppy on Jun 8, 2022 11:49:20 GMT -5
MNkd volume at the half dy of trade. real time,' 2,123,895 shares. summary, 3,172,479 shares. 4.7401. +0.2201. (+4.8695%) The market is under pressure. MNKD at resistance. ridem cowboy, weehaw,
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Post by oldfishtowner on Jun 8, 2022 13:28:24 GMT -5
Peppy, the maximum that can be borrowed under the 3rd tranche of the MidCap loan was raised to $60 million when MNKD restructured its debt in April 2021. From the 26April 2021 PR :
The MidCap Credit Facility was amended to modify several terms, including: (i) increasing the funds available in tranche 3, if drawn by the Company, from $25.0 million to $60.0 million; (ii) revising the conditions to drawing tranche 3, including milestone conditions associated with Tyvaso DPI™; (iii) providing for an exit fee of $1.0 million in connection with the prepayment described below in lieu of the existing prepayment penalty and exit fees; (iv) removing the requirement to issue a warrant to purchase shares of MannKind’s common stock upon the drawdown of tranche 3; (v) decreasing the interest rate on the remaining outstanding debt; (vi) extending the interest-only period and maturity of term loans under the MidCap Credit Facility; (vii) reducing the minimum cash covenant from $30.0 million to $10.0 million, effective immediately, and eliminating such covenant in the event that Tyvaso DPI™ is approved by the FDA; (viii) eliminating the requirement to test compliance with the minimum Afrezza net revenue covenant so long as the Company has $90.0 million or more of unrestricted cash; (ix) permitting the Company to make certain acquisitions subject to certain conditions; and (x) permitting the Company to make investments of up to an additional $9.0 million so long as the Company has $90.0 million or more of unrestricted cash following such investment. In connection with the amendment of the MidCap Credit Facility, MannKind prepaid $10.0 million in cash to reduce the principal balance under the MidCap Credit Facility from $50.0 million to $40.0 million.
If (a big IF) the other day's large trades were the ATM at work, it may be that Binder decided that it is time to pay off the MidCap loan. If he feels that MNKD no londer needs tranche 3, and that the requirement for $90 million in unrestricted cash will cause the company problems, this would make sense. Especially considering that the prepayment penalty is only $1 million and the balance on the loan is $40 million - and someone posted the arithmetic that said the transactions were worth what -- $45 million! Makes sense. If it was the ATM. If so, we may see a PR in a few days.
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Post by peppy on Jun 8, 2022 13:38:17 GMT -5
Peppy, the maximum that can be borrowed under the 3rd tranche of the MidCap loan was raised to $60 million when MNKD restructured its debt in April 2021. From the 26April 2021 PR :
The MidCap Credit Facility was amended to modify several terms, including: (i) increasing the funds available in tranche 3, if drawn by the Company, from $25.0 million to $60.0 million; (ii) revising the conditions to drawing tranche 3, including milestone conditions associated with Tyvaso DPI™; (iii) providing for an exit fee of $1.0 million in connection with the prepayment described below in lieu of the existing prepayment penalty and exit fees; (iv) removing the requirement to issue a warrant to purchase shares of MannKind’s common stock upon the drawdown of tranche 3; (v) decreasing the interest rate on the remaining outstanding debt; (vi) extending the interest-only period and maturity of term loans under the MidCap Credit Facility; (vii) reducing the minimum cash covenant from $30.0 million to $10.0 million, effective immediately, and eliminating such covenant in the event that Tyvaso DPI™ is approved by the FDA; (viii) eliminating the requirement to test compliance with the minimum Afrezza net revenue covenant so long as the Company has $90.0 million or more of unrestricted cash; (ix) permitting the Company to make certain acquisitions subject to certain conditions; and (x) permitting the Company to make investments of up to an additional $9.0 million so long as the Company has $90.0 million or more of unrestricted cash following such investment. In connection with the amendment of the MidCap Credit Facility, MannKind prepaid $10.0 million in cash to reduce the principal balance under the MidCap Credit Facility from $50.0 million to $40.0 million.
If (a big IF) the other day's large trades were the ATM at work, it may be that Binder decided that it is time to pay off the MidCap loan. If he feels that MNKD no londer needs tranche 3, and that the requirement for $90 million in unrestricted cash will cause the company problems, this would make sense. Especially considering that the prepayment penalty is only $1 million and the balance on the loan is $40 million - and someone posted the arithmetic that said the transactions were worth what -- $45 million! Makes sense. If it was the ATM. If so, we may see a PR in a few days.
Thank you oldfishtowner. When you talk, I listen.
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