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Post by MnkdWASmyRtrmntPlan on Dec 1, 2022 12:28:43 GMT -5
Thanks again, Anderson. I don't mind a bit giving a great deal like that to the Mann Group. They have been soo good to MNKD in the past, and, more than that, they're family. Another nice surge in SP yesterday and today. That deal for Mann Group gets better for them AND us stock-holders every day.  These awful past years is finally starting to pay off.  |
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Post by celo on May 9, 2023 17:27:27 GMT -5
It looks as if 11,666,000 of mid cap debt has been moved out of long term and into current liabilities. Mannkind will have to pay that off this year. How may they do that? I am guessing through stock issuances?
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Post by cjm18 on May 9, 2023 17:49:32 GMT -5
It looks as if 11,666,000 of mid cap debt has been moved out of long term and into current liabilities. Mannkind will have to pay that off this year. How may they do that? I am guessing through stock issuances? They have 160m in cash. |
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Post by hellodolly on May 9, 2023 18:47:20 GMT -5
It looks as if 11,666,000 of mid cap debt has been moved out of long term and into current liabilities. Mannkind will have to pay that off this year. How may they do that? I am guessing through stock issuances? They could of course at $5 per share, they have the remaining 7 months to target my $5 SP. $11,666,000 / $5 = 2,333,200 shares. Total current share count is 264,305,532 shares* (from todays 10K). If they did dilute...it would dilute the total share count by less than <1%. The decision MC has to make is which route makes more sense given the current economic climate, what are the planning for 2,3 4 years down the road, etc. before they pull the trigger. |
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Post by celo on Feb 28, 2024 13:34:20 GMT -5
Some of the stipulations that will be removed upon payment of Midcap:
The Company’s obligations under the MidCap credit facility are secured by a security interest on substantially all of its assets, including intellectual
property.
The MidCap credit facility, as amended, contains customary affirmative covenants and customary negative covenants limiting the Company’s ability and
the ability of the Company’s subsidiaries to, among other things, dispose of assets, undergo a change in control, merge or consolidate, make acquisitions,
incur debt, incur liens, pay dividends, repurchase stock and make investments, in each case subject to certain exceptions. The Company must also comply
with a financial covenant relating to trailing twelve month minimum Afrezza net revenue, tested on a monthly basis, unless the Company has $90.0 million
or more of unrestricted cash and short-term investments. As of December 31, 2023, the Company was in compliance with the financial covenant.
The 230 million senior convertible notes are unsecured obligations. Big difference.
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Post by radgray68 on Feb 28, 2024 13:58:07 GMT -5
I heard:
Limitation free in 2 months.
Debt free in 2 years.
Dilution free forever after that.
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Post by alethea on Feb 28, 2024 14:47:59 GMT -5
I heard: Limitation free in 2 months. Debt free in 2 years. Dilution free forever after that.  Remember when longs were wringing their hands and worrying about the Deerfield financing? These are much better days indeed! |
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Post by Chris-C on Feb 28, 2024 15:20:26 GMT -5
Life will be better when we can get these pesky shorts to go away. We had a nice run up earlier today- as we should have. TBH, I’m surprised we are still green. We usually get punished for stellar news. (What manipulation, he asked?)🤫
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Post by anderson on Feb 28, 2024 15:26:42 GMT -5
After hearing Mike say they were paying off the Mann Group I looked up the terms Mann Group convertible note investors.mannkindcorp.com/node/17511/html1.3. Section 4.2 (Prepayment). Section 4.2 of the Note is hereby amended and restated in its entirety as follows: “4.2 Upon at least 10 days prior written notice to Lender, this Note may be prepaid in whole or in part without penalty or premium. Such prepayment notice shall not be effective for any portion of this Note for which a Notice of Conversion shall have been delivered to Borrower prior to Borrower’s delivery of said prepayment notice or within 10 days following Lender’s receipt of said notice from Borrower. Any partial prepayment made pursuant to this Section 4.2 shall be applied to interest first and then to principal. At the time of any prepayment of principal hereunder, Borrower shall also pay all accrued, unpaid and uncapitalized interest on the amount prepaid through the date of prepayment.” |
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Post by BD on Feb 28, 2024 15:35:36 GMT -5
Life will be better when we can get these pesky shorts to go away. We had a nice run up earlier today- as we should have. TBH, I’m surprised we are still green. We usually get punished for stellar news. (What manipulation, he asked?)🤫 So how do you distinguish manipulation from smart trading? |
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Post by prcgorman2 on Feb 28, 2024 17:01:29 GMT -5
I heard: Limitation free in 2 months. Debt free in 2 years. Dilution free forever after that. No more dilution would be awesome. It would also be nice if MNKD were able to create a share buyback program to get the shares outstanding cut in half or more (but please don't go private!). Second, if Cipla is successful at getting approval to sell Afrezza, and MannKind is successful at getting Afrezza to sell well in the US, we may encounter a production capacity problem. It may be that UTHR building a Tyvaso DPI production facility to come on-line in a few years will come in very handy. |
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Post by ktim on Feb 28, 2024 20:15:51 GMT -5
Life will be better when we can get these pesky shorts to go away. We had a nice run up earlier today- as we should have. TBH, I’m surprised we are still green. We usually get punished for stellar news. (What manipulation, he asked?)🤫 Funny, I'd ask that as well. Actually, I'd seriously ask... were you buying above $4? Price of shares is as simple as supply and demand. This recent price action seemed predictable and orderly... within the realm of normal trading for a volatile stock like MNKD. I was selling some shares when it got above $4. As you may or may not have noticed in past month, I said I was buying in the low $3's (should I be accused of trying to manipulate the price up). When you have 25-30% gain in a few weeks it's actually pretty darn reasonable to take some profits. Even after doing selling today, I still have six figure investment in MNKD. There is majority of that I now have so much appreciation that it is my long term holdings because I wouldn't want to have to pay the capital gains to try to buy in lower. But either retirement account holdings or more recent purchases, I take gains as I see fit. It may be sacrilege to some, but I treat it as an investment not a religion. But with such a large long term holding in MNKD, I certainly am not trying to "manipulate" it down. I'd be thrilled as can be if it kept on going up. The call was good and upbeat but there wasn't any fundamentally new news to justify some sort of monster rally way beyond what we got. Hence taking some profits. Whether it's people like me taking profits or even shorts, the only way it would hold above $4 is if there were buyers. If you were in there buying, that's one things. But if you didn't have the conviction to still be buying after that huge short term run up to over $4, don't expect others to. It is perfectly normal for there to be sellers into such a large runup on a good but expected conference call. |
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Post by prcgorman2 on Feb 28, 2024 21:04:41 GMT -5
Kind of nice to think 2Q report (August) may include a note the MidCap loan was retired. That's $33M paid off in 6 months. I'm hopeful the $302M cash reported at EOY 2023 is still the same or even slightly higher. If that's the case, there's $33M in operational cash flow that can be used in 2H or added to the cash on hand for future use. e.g., paying off the $230M convertible debt in December 2026.
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Post by cretin11 on Feb 29, 2024 6:30:26 GMT -5
ktim, excellent post, voice of reason.
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Post by prcgorman2 on Feb 29, 2024 7:21:12 GMT -5
ktim, excellent post, voice of reason. I thought it was kind of snarky and off-topic, but whatever. |
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