|
|
Post by hellodolly on Jan 26, 2023 9:56:19 GMT -5
Is there any downside to Michael Castagna casually announcing that the company is, or will be, looking into identifying the disparities of naked shorting with MNKD stock? You want to "Poke the Bear?" |
|
|
|
Post by longliner on Jan 26, 2023 10:10:32 GMT -5
Is there any downside to Michael Castagna casually announcing that the company is, or will be, looking into identifying the disparities of naked shorting with MNKD stock? You want to "Poke the Bear?" Boy, do I, and how!!! Poke him, skin him, and hang him on my wall! Somehow I doubt Todd Beamer asked himself this question. |
|
|
|
Post by harryx1 on Jan 26, 2023 10:19:40 GMT -5
|
|
|
|
Post by akemp3000 on Jan 26, 2023 10:23:37 GMT -5
Poking the bear is a good point. Hanging him on the wall is an awesome image. We know the positive potential of such an announcement. Now wondering what a poked bear could do about it? First thought that comes to mind is that a poked bear might decide to look somewhere else to eat  |
|
|
|
Post by sr71 on Jan 26, 2023 11:53:33 GMT -5
Here's a chart I created yesterday from the data downloaded from the sec.gov that tracks Fails-to-Deliver data... That's a lot of shares failed to deliver. The problem is we don't have any idea if that's the actual number or 10x that number. We also don't have any idea if any of those shares were ever located and bought back. If only a fraction of those shares were bought back that puts a lot of counterfeit shares in the system.  Harry, 43+ billion shares FTD seems pretty high. Could it really be "only" 43+ MILLION? Even that lower figure would represent nearly 17% of today's shares outstanding, which nevertheless still characterizes a very serious FTD problem for MNKD. |
|
|
|
Post by harryx1 on Jan 26, 2023 11:56:21 GMT -5
sr71 - That chart is for the overall market, not MNKD I believe there are probably 500,000,000+ FTDs for MNKD from 2015-2022. How many of those have been located & bought back is anyone's guess.
|
|
|
|
Post by sr71 on Jan 26, 2023 12:20:27 GMT -5
Harry - Thanks for the clarification, and sorry for my misinterpretation. And thanks again for your work on this issue for the forum.  |
|
|
|
Post by longliner on Jan 27, 2023 13:40:52 GMT -5
Poking the bear is a good point. Hanging him on the wall is an awesome image. We know the positive potential of such an announcement. Now wondering what a poked bear could do about it? First thought that comes to mind is that a poked bear might decide to look somewhere else to eat Well, yes,......after he bites you!  |
|
|
|
Post by harryx1 on Feb 1, 2023 9:45:51 GMT -5
Those 2 firms at the bottom, IMO were/are involved with Naked Shorting MNKD too. #BanNakedShorting
|
|
|
|
Post by BD on Feb 1, 2023 9:58:27 GMT -5
|
|
|
|
Post by akemp3000 on Feb 1, 2023 10:04:38 GMT -5
This is excellent Harry. Thanks for sharing. Now someone get this to Michael Castagna with the hope he could simply comment on this to raise the issue.
|
|
|
|
Post by harryx1 on Feb 1, 2023 10:21:42 GMT -5
FWIW, a company doesn't need to land on the RegSho list to be naked shorted. However if they do land on the list, that means excessive naked shorting is happening. |
|
|
|
Post by BD on Feb 1, 2023 10:40:21 GMT -5
FWIW, a company doesn't need to land on the RegSho list to be naked shorted. However if they do land on the list, that means excessive naked shorting is happening. Agreed, it's just another data point. But it does say there isn't a high-enough degree of FTDs (reported?) to trigger getting on the list. |
|
|
|
Post by phdedieu12 on Feb 1, 2023 11:38:21 GMT -5
This is excellent Harry. Thanks for sharing. Now someone get this to Michael Castagna with the hope he could simply comment on this to raise the issue. I did ask him about it some time ago. His overall mindset is to improve the bottom line, grow sales, focus on the business and the rest will sort itself out |
|
|
|
Post by mango on Feb 1, 2023 11:44:04 GMT -5
|
|
