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Post by cretin11 on Aug 24, 2023 10:37:01 GMT -5
It's not inconceivable that the main purpose is to hold down the share price so that execs continue to be awarded low priced shares for a longer period. A bit cynical, though to the extent true would indicate a long term belief in increasing enterprise value of MNKD. Not typical for me to indulge in wild speculation, but seems this thread is all about that, lol. stumbled upon this while looking for something else 🤷♂️ Good find cjc04. Was it a prescient post by ktim back in May? ktim acknowledged it was wild speculation then, perhaps still is now. It seems to check out today, though correlation is not causation. Just hypothetically, if it were true, would it be an example of "good manipulation" according to those who say our execs can do no wrong?
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Post by prcgorman2 on Aug 24, 2023 10:45:58 GMT -5
Oh please. You can do better than that. Speculating fiduciary malfeasance. Give me a break. You're implying the execs feel they aren't making enough money so they've colluded on how to manipulate the share price down?
I can just imagine the conversation...
"We're not making enough money as officers and executives of a biopharma company! Let's all get together and commit a crime that will put us away longer than that ex-con sleaze bag Martin Shkreli!"
Slow news day apparently.
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Post by cretin11 on Aug 24, 2023 10:51:12 GMT -5
Remember the word is speculation. Probably a similar level of speculation as yours when you cited "to prevent hostile takeover" as the reason for $400 million new shares. It's a message board, your wild speculation is allowed and so is others'.
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Post by awesomo on Aug 24, 2023 11:16:15 GMT -5
Oh please. You can do better than that. Speculating fiduciary malfeasance. Give me a break. You're implying the execs feel they aren't making enough money so they've colluded on how to manipulate the share price down? I can just imagine the conversation... "We're not making enough money as officers and executives of a biopharma company! Let's all get together and commit a crime that will put us away longer than that ex-con sleaze bag Martin Shkreli!" Slow news day apparently. They managed a pump and dump to $6 in 2017 off nothing of material whatsoever working with those questionable firms like Wainwright. They are more than capable of manipulating the share price.
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Post by cretin11 on Aug 24, 2023 11:32:24 GMT -5
Good call awesomo. And they did that without doubling our authorized share count. Perhaps that was also an example of "good manipulation." I can just imagine the conversation. It sure was a fun day or two, while it lasted.
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Post by mymann on Aug 24, 2023 11:43:50 GMT -5
Job security. No need to look for a new challenging position at another company when there is so much gravy to lap up. Don't rock the boat. Keep it small so no one will notice the company as long as we break even, gravy will pour.
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Post by prcgorman2 on Aug 24, 2023 12:10:59 GMT -5
Remember the word is speculation. Probably a similar level of speculation as yours when you cited "to prevent hostile takeover" as the reason for $400 million new shares. It's a message board, your wild speculation is allowed and so is others'. I wasn't speculating. I was repeating what was in the SEC filing from MNKD.
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Post by prcgorman2 on Aug 24, 2023 12:12:08 GMT -5
Oh please. You can do better than that. Speculating fiduciary malfeasance. Give me a break. You're implying the execs feel they aren't making enough money so they've colluded on how to manipulate the share price down? I can just imagine the conversation... "We're not making enough money as officers and executives of a biopharma company! Let's all get together and commit a crime that will put us away longer than that ex-con sleaze bag Martin Shkreli!" Slow news day apparently. They managed a pump and dump to $6 in 2017 off nothing of material whatsoever working with those questionable firms like Wainwright. They are more than capable of manipulating the share price. You're assuming (speculating) the management accomplished a pump-and-dump in 2017. If you can prove it you'll be rich and the members of the class-action lawsuit will thank you. Good luck with that.
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Post by prcgorman2 on Aug 24, 2023 12:12:51 GMT -5
Job security. No need to look for a new challenging position at another company when there is so much gravy to lap up. Don't rock the boat. Keep it small so no one will notice the company as long as we break even, gravy will pour. You guys are "mailing it in" today.
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Post by parrerob on Aug 24, 2023 12:15:01 GMT -5
Oh please. You can do better than that. Speculating fiduciary malfeasance. Give me a break. You're implying the execs feel they aren't making enough money so they've colluded on how to manipulate the share price down? I can just imagine the conversation... "We're not making enough money as officers and executives of a biopharma company! Let's all get together and commit a crime that will put us away longer than that ex-con sleaze bag Martin Shkreli!" Slow news day apparently. They managed a pump and dump to $6 in 2017 off nothing of material whatsoever working with those questionable firms like Wainwright. They are more than capable of manipulating the share price. It was quite 7$ then a massive dilution. That pump and dilution permitted us to survive 😁
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Post by cretin11 on Aug 24, 2023 12:16:04 GMT -5
Remember the word is speculation. Probably a similar level of speculation as yours when you cited "to prevent hostile takeover" as the reason for $400 million new shares. It's a message board, your wild speculation is allowed and so is others'. I wasn't speculating. I was repeating what was in the SEC filing from MNKD. Your naivete is refreshing. www.merriam-webster.com/dictionary/boilerplate
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Post by awesomo on Aug 24, 2023 12:20:01 GMT -5
They managed a pump and dump to $6 in 2017 off nothing of material whatsoever working with those questionable firms like Wainwright. They are more than capable of manipulating the share price. You're assuming (speculating) the management accomplished a pump-and-dump in 2017. If you can prove it you'll be rich and the members of the class-action lawsuit will thank you. Good luck with that. Nope, you've said it yourself how protected the executives and financial institutions are while complaining about the shorts and big pharma. And even if something did happen, the lawyers would take mostly all of it and the actual plaintiffs of the class action lawsuit would get peanuts. Seriously you don't see the manipulation in a stock that magically went from the $1s to $6 in a month all while they manufactured an offering at $6, and then promptly sunk back down after getting shorted to oblivion? Remember the extraordinarily high borrow rates where they were paying rates of over 100% because of how confident they were? You think that is normal?
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Post by prcgorman2 on Aug 24, 2023 12:21:35 GMT -5
Not just mine, the SEC's, and the institutional shareholders who authorized the shares.
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Post by awesomo on Aug 24, 2023 12:21:40 GMT -5
They managed a pump and dump to $6 in 2017 off nothing of material whatsoever working with those questionable firms like Wainwright. They are more than capable of manipulating the share price. It was quite 7$ then a massive dilution. That pump and dilution permitted us to survive 😁 You could definitely argue this. It's still manipulation which prc seems to want to bury his head in the sand that management could ever do something like that.
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Post by prcgorman2 on Aug 24, 2023 12:22:29 GMT -5
You're assuming (speculating) the management accomplished a pump-and-dump in 2017. If you can prove it you'll be rich and the members of the class-action lawsuit will thank you. Good luck with that. Nope, you've said it yourself how protected the executives and financial institutions are while complaining about the shorts and big pharma. And even if something did happen, the lawyers would take mostly all of it and the actual plaintiffs of the class action lawsuit would get peanuts. Seriously you don't see the manipulation in a stock that magically went from the $1s to $6 in a month all while they manufactured an offering at $6, and then promptly sunk back down after getting shorted to oblivion? Remember the extraordinarily high borrow rates where they were paying rates of over 100% because of how confident they were? You think that is normal? I didn't argue that there wasn't a pump-and-dump. I'm saying you and I don't know who was responsible.
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