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Post by longliner on Mar 30, 2023 21:30:39 GMT -5
At this point in time, I trust the team. If I didn't, I would sell and move on. There is a new opportunity, every day.
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Post by JEvans on Mar 30, 2023 23:29:55 GMT -5
How would the shares be doubled? Would that be a 2:1 Split ?
Or why don't they do a buy back and get shares that way ? Forgive my ignorence....
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Post by longliner on Mar 30, 2023 23:51:20 GMT -5
How would the shares be doubled? Would that be a 2:1 Split ? Or why don't they do a buy back and get shares that way ? Forgive my ignorence.... Fair question. This is not currently a 2:1 split. These are authorized shares for Mannkind to sell on the market. Will they? Possibly, they have before, which essentially would be a 2:1 split. It could be for a purchase of another company ie. (RLS). This also may act as a "poison pill" in the case of a hostile takeover attempt (double the shares in the transaction). I trust Binder to make the right move at the right time to protect my investment. Note: If agedhippie weighs in and says I'm off base, he very well may be accurate. |
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Post by mymann on Mar 31, 2023 0:11:18 GMT -5
Back to $1 stock price by Christmas. Another Christmas massacre by Mike.
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Post by longliner on Mar 31, 2023 0:13:13 GMT -5
Back to $1 stock price by Christmas. Another Christmas massacre by Mike. Want to place a bet junior? It's only nine months, I'm sure you are confidant! No one here is watching...only 20,000 plus watchers to your bet....by the way, I named the Christmas massacre. Check it, if you feel the need, it's all right here on Proboards. |
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Post by mymann on Mar 31, 2023 0:22:14 GMT -5
Back to $1 stock price by Christmas. Another Christmas massacre by Mike. Want to place a bet junior? It's only nine months, I'm sure you are confidant! No one is here watching...only 20,000 pls watchers to your bet.... No bet, I'll just save some money and by more shares on sell. |
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Post by longliner on Mar 31, 2023 0:24:10 GMT -5
Want to place a bet junior? It's only nine months, I'm sure you are confidant! No one is here watching...only 20,000 pls watchers to your bet.... No bet, I'll just save some money and by more shares on sell. GFY, really, good for you |
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Post by mytakeonit on Mar 31, 2023 1:34:51 GMT -5
In my opinion ... this increase of authorized shares only increases the strength of MNKD and all of us. If they need $$$ to do something ... then it is there. If they want to do dividends to current shareholders ... then it is there. I'm not worried about it at all.
But, that's mytakeonit
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Post by cretin11 on Mar 31, 2023 4:43:29 GMT -5
No need to worry about a dividend to shareholders because that’s not on the agenda. Nor is a stock split. Nor is buying back shares.
More dilution? Yes, that’s a likely agenda item.
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Post by akemp3000 on Mar 31, 2023 4:52:29 GMT -5
Here's a wild speculative thought. What if management already knows a big move is coming into play this year and they want the additional shares to be available as a backstop or poison pill to keep an unwanted third party from crashing the intended buyout or merger? No. I don't really believe this to be the case. Just having fun while bored and waiting on the next good announcement  |
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Post by mango on Mar 31, 2023 5:30:02 GMT -5
Good lord. If I worried as much as some of you my head would explode. Just another day, enjoy it!
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Post by Clement on Mar 31, 2023 6:00:49 GMT -5
Currently, authorized shares = 400,000,000.
Currently, outstanding shares = 264,000,000.
How do I look up specifics of how the remaining 136M shares are committed (or not)?
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Post by prcgorman2 on Mar 31, 2023 6:25:38 GMT -5
Currently, authorized shares = 400,000,000. Currently, outstanding shares = 264,000,000. How do I look up specifics of how the remaining 136M shares are committed (or not)? As far as I know, you don’t. They’re sitting in the corporate treasury and their dipensation gets filed with the SEC when it’s done (is my understanding). I don’t like the idea of doubling the shares and don’t like dilution, but there seems to me to be an obvious reason to ask for the authorization. Rising interest rates. If I remember correctly, the MidCap loan principle has to be paid off by/in 2025. It’s a chunk. My guess is Mr. Binder wants some elbow room. |
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Post by Clement on Mar 31, 2023 6:30:33 GMT -5
Currently, authorized shares = 400,000,000. Currently, outstanding shares = 264,000,000. How do I look up specifics of how the remaining 136M shares are committed (or not)? As far as I know, you don’t. They’re sitting in the corporate treasury and their dipensation gets filed with the SEC when it’s done (is my understanding). I don’t like the idea of doubling the shares and don’t like dilution, but there seems to me to be an obvious reason to ask for the authorization. Rising interest rates. If I remember correctly, the MidCap loan principle has to be paid off by/in 2025. It’s a chunk. My guess is Mr. Binder wants some elbow room. But aren't some of the 136M shares committed to cover warrants for debt? Also, stock options already issued to employees? |
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Post by prcgorman2 on Mar 31, 2023 6:38:58 GMT -5
Good points. I’m guessing yes.
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