|
|
Post by cretin11 on Jan 19, 2023 14:22:53 GMT -5
Unfortunately the answer to that question is "We have no idea". This part is accurate. |
|
|
|
Post by awesomo on Jan 19, 2023 14:23:17 GMT -5
Every company has naked short selling. It’s part of the market whether anyone likes it or not. At one point, MannKind was more of a target than others. Now it is not. Just look at the list of highest short interest stocks, MannKind doesn’t even come close to sniffing the list. Naked shorting is a loophole put in place for privileged entities that lobbied to have it put in place. Those entities figured that out as it was easy to hide and to turn into a conspiracy story. It's abused, hard to trace, very effective at killing companies while making hundred's of millions of dollars. It's banned in other countries because they realize what it can do. There is absolutely no need for naked short selling in the market. Short selling when it pertains to borrowing a real share if someone is willing to lend you that share is fine. But it should only be allowed to be lent one time, not multiple times at once. In this day and age, the technology is there that can keep track of all shares of a company, how many shares are lent and how many are sold short but if that were put in place, those entities would not be able to make billions like they do now. So they oppose it. I'm not arguing that naked short selling isn't a detriment. I'm arguing that every company on the market has it. Just because MannKind has naked shorting doesn't mean there is some huge conspiracy against it. |
|
|
|
Post by cretin11 on Jan 19, 2023 14:30:32 GMT -5
awesomo is correct. It’s like the old conspiracy theory that “fake longs” and/or paid shorts were the culprit for holding down MNKDs share price. These things exist, but to claim they are the reason for our share price is misguided.
People have cognitive dissonance and want to come up with reasons their investment isn’t doing what they thought it would do. Usually it is that the investment thesis didn’t play out as they hoped/expected.
|
|
|
|
Post by harryx1 on Jan 19, 2023 14:31:04 GMT -5
Naked shorting is a loophole put in place for privileged entities that lobbied to have it put in place. Those entities figured that out as it was easy to hide and to turn into a conspiracy story. It's abused, hard to trace, very effective at killing companies while making hundred's of millions of dollars. It's banned in other countries because they realize what it can do. There is absolutely no need for naked short selling in the market. Short selling when it pertains to borrowing a real share if someone is willing to lend you that share is fine. But it should only be allowed to be lent one time, not multiple times at once. In this day and age, the technology is there that can keep track of all shares of a company, how many shares are lent and how many are sold short but if that were put in place, those entities would not be able to make billions like they do now. So they oppose it. I'm not arguing that naked short selling isn't a detriment. I'm arguing that every company on the market has it. Just because MannKind has naked shorting doesn't mean there is some huge conspiracy against it. I'm not saying there is a conspiracy against MannKind, the company has been attacked in the past by abusive naked shorting which almost killed the company. That is fact and the data shows it. Some want to place the blame solely on management, some of those people may be involved in the naked shorting. |
|
|
|
Post by cretin11 on Jan 19, 2023 14:40:38 GMT -5
We can go back to 2014-15 and look at all the projections for Afrezza sales, then compare those projections to actual sales. The difference is staggering. That almost killed the company and was the overwhelming primary reason the share price went from $50+ down to current levels.
But naked shorting does suck and it would be nice to have it abolished, on that we agree.
|
|
|
|
Post by harryx1 on Jan 19, 2023 14:47:48 GMT -5
We can go back to 2014-15 and look at all the projections for Afrezza sales, then compare those projections to actual sales. The difference is staggering. That almost killed the company and was the overwhelming primary reason the share price went from $50+ down to current levels. But naked shorting does suck and it would be nice to have it abolished, on that we agree. Well again, that's your opinion. Who gave those sales projections? Not the company. From the moment Afrezza was created, the company has had every roadblock thrown at it. You don't think that has had an effect on the share price? What about all the hit pieces over the years, filled with mis-truths and lies? Any time you counterfeit something, it dilutes it's value. It's a pretty simple concept to understand in my opinion. |
|
|
|
Post by akemp3000 on Jan 19, 2023 15:23:46 GMT -5
Every company on the market may have naked shorting but only a tiny fraction have had the high volume comparable to this little biotech company which begs the question, why? No one will likely ever prove manipulation has or has not occurred with this stock so speculation as to both continues.
|
|
|
|
Post by mango on Jan 19, 2023 15:25:04 GMT -5
What Harry has presented is true and verifiable data. There is absolutely illegal naked short selling taking place with MNKD. There's no conspiracy theory, it's actually happening. There is without a doubt bad actors who have continuously tried to harm MannKind's character either with Seeking Alpha hit pieces, and other social media distortions such as seen on Twitter, Stocktwits and this very forum. There is no conspiracy, it's actually happening.
Usually someone will be quick to call something a "conspiracy theory" in order to discredit it. Usually that person has an ulterior motive for doing so, just based on historical records of the same circumstance playing out through various news outlets, etc. Not saying cretin is doing that, but just saying it's a pattern.
There's plenty of court cases and SEC docs showing how short and distort campaigns are run against companies and there's plenty of evidence that supports illegal naked short selling is and has been happening with MannKind that warrants a formal investigation into that and the former mentioned distortion campaigns against MannKind over the years. Matt Pfeiffer also mentioned it in a shareholder meeting once. Both have ample evidence that warrants investigation.
|
|
|
|
Post by akemp3000 on Jan 19, 2023 15:38:55 GMT -5
Agreed and many, if not most of the so-called major conspiracy theories have turned out to be factual.
|
|
|
|
Post by harryx1 on Jan 19, 2023 15:45:56 GMT -5
Look at $GNS right now, 5M float and 221M traded so far today. How is that? I wouldn't be surprised if they are still selling naked shares into the market, that's how brazen they are.
|
|
|
|
Post by mytakeonit on Jan 19, 2023 17:54:25 GMT -5
If my stock brokerage allows me to buy shares ... even though I don't have cash in my account ... is that naked buying?
Even though I may have tons of cash in my account ... I may still do naked buying in front of my computer.
But, that's mytakeonit
|
|
|
|
Post by longliner on Jan 19, 2023 18:08:03 GMT -5
Look at $GNS right now, 5M float and 221M traded so far today. How is that? I wouldn't be surprised if they are still selling naked shares into the market, that's how brazen they are. It looks like the CEO shined a light on the cockroaches. Fascinating, a 300% upward movement. MC pay attention, there's a lot of squealing and hand wringing going on all over social media right now. Who knows, we move by that percentage in a day, I might even rescue a short or two.  |
|
|
|
Post by cjm18 on Jan 19, 2023 20:40:09 GMT -5
81% short interest today. Maybe the highest of all time. Bearish.
|
|
|
|
Post by longliner on Jan 19, 2023 23:27:59 GMT -5
81% short interest today. Maybe the highest of all time. Bearish. Expensive.... |
|
|
|
Post by longliner on Jan 19, 2023 23:47:00 GMT -5
We can go back to 2014-15 and look at all the projections for Afrezza sales, then compare those projections to actual sales. The difference is staggering. That almost killed the company and was the overwhelming primary reason the share price went from $50+ down to current levels. But naked shorting does suck and it would be nice to have it abolished, on that we agree. Well again, that's your opinion. Who gave those sales projections? Not the company. From the moment Afrezza was created, the company has had every roadblock thrown at it. You don't think that has had an effect on the share price? What about all the hit pieces over the years, filled with mis-truths and lies? Any time you counterfeit something, it dilutes it's value. It's a pretty simple concept to understand in my opinion.A top quote for a young 2023! The next top quote I'd like to see in the new year is "when you double your revenue in a quarter all hell breaks loose"  |
|
