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Post by awesomo on Aug 24, 2023 12:23:31 GMT -5
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. So Mike and company just happened to time the offering perfectly at the peak? Amazing. |
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Post by prcgorman2 on Aug 24, 2023 12:35:23 GMT -5
I didn't argue that there wasn't a pump-and-dump. I'm saying you and I don't know who was responsible. So Mike and company just happened to time the offering perfectly at the peak? Amazing. LOL. It doesn't take a desperate genius to see the share price increasing and take advantage of it. |
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Post by awesomo on Aug 24, 2023 12:41:46 GMT -5
So Mike and company just happened to time the offering perfectly at the peak? Amazing. LOL. It doesn't take a desperate genius to see the share price increasing and take advantage of it. LOL so naive. You know you can't just do a $61M offering overnight right? Or even within weeks... It's simply stunning you want to believe all the stuff about dark pools, etc., yet you ignore the most obvious one right in front of your face because of how desperately you want to defend management. |
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Post by prcgorman2 on Aug 24, 2023 12:56:58 GMT -5
LOL. It doesn't take a desperate genius to see the share price increasing and take advantage of it. LOL so naive. You know you can't just do a $61M offering overnight right? Or even within weeks... It's simply stunning you want to believe all the stuff about dark pools, etc., yet you ignore the most obvious one right in front of your face because of how desperately you want to defend management. I'm not ignoring it, I'm just not buying what you're selling. |
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Post by prcgorman2 on Aug 24, 2023 13:01:45 GMT -5
LOL. It doesn't take a desperate genius to see the share price increasing and take advantage of it. LOL so naive. You know you can't just do a $61M offering overnight right? Or even within weeks... It's simply stunning you want to believe all the stuff about dark pools, etc., yet you ignore the most obvious one right in front of your face because of how desperately you want to defend management. We already discussed that MNKD was in no position to remain a going concern without raising money and their obvious options were more debt and selling equity. They did both. You and I don't know for a fact that it was a pump-and-dump, and if it was, we also don't know for a fact how it came about. You are speculating the management are criminals. I don't choose to make that assumption. |
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Post by awesomo on Aug 24, 2023 13:03:34 GMT -5
LOL so naive. You know you can't just do a $61M offering overnight right? Or even within weeks... It's simply stunning you want to believe all the stuff about dark pools, etc., yet you ignore the most obvious one right in front of your face because of how desperately you want to defend management. I'm not ignoring it, I'm just not buying what you're selling. So in your case, Mike was the luckiest CEO ever that some outside force completely beyond his knowledge decided to have a highly orchestrated pump and dump when the company needed funds the most. And Johnny-on -the-spot over here somehow worked with Wainwright, the SEC, etc. within a few days to take advantage and raise $61M, somehow convincing a board member (Kresa) to invest $1M without having any idea why the price is going up. OKKKIEEE |
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Post by prcgorman2 on Aug 24, 2023 13:07:35 GMT -5
I'm not ignoring it, I'm just not buying what you're selling. So in your case, Mike was the luckiest CEO ever that some outside force completely beyond his knowledge decided to have a highly orchestrated pump and dump when the company needed funds the most. And Johnny-on -the-spot over here somehow worked with Wainwright, the SEC, etc. within a few days to take advantage and raise $61M, somehow convincing a board member (Kresa) to invest $1M without having any idea why the price is going up. OKKKIEEE You can keep trying to make a case based on loosely correlated circumstances, and it won't bother me a bit if someone at the SEC is alerted and investigates. And, it wouldn't bother me if it were found to be true and several management members were promptly sent to jail. I'm ok with criminals going to jail. But it boggles the mind to think all of that can be done with impunity. Either it's true and they should be caught out, or it's just a bunch of BS. I think it's the latter, and neither of us knows for sure, so you go on thinking the company you're supposedly invested in is ran by criminals and I'll continue thinking that's BS. |
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Post by awesomo on Aug 24, 2023 13:14:19 GMT -5
So in your case, Mike was the luckiest CEO ever that some outside force completely beyond his knowledge decided to have a highly orchestrated pump and dump when the company needed funds the most. And Johnny-on -the-spot over here somehow worked with Wainwright, the SEC, etc. within a few days to take advantage and raise $61M, somehow convincing a board member (Kresa) to invest $1M without having any idea why the price is going up. OKKKIEEE You can keep trying to make a case based on loosely correlated circumstances, and it won't bother me a bit if someone at the SEC is alerted and investigates. And, it wouldn't bother me if it were found to be true and several management members were promptly sent to jail. I'm ok with criminals going to jail. But it boggles the mind to think all of that can be done with impunity. Either it's true and they should be caught out, or it's just a bunch of BS. I think it's the latter, and neither of us knows for sure, so you go on thinking the company you're supposedly invested in is ran by criminals and I'll continue thinking that's BS. Stop thinking so black and white. The real world is grey. You seem to think people are either a saint who would never do anything remotely "wrong" or straight up cartoon level criminals like Martin Shkreli. Truth is, most people are in the middle and when people can get away with bending the rules, they do. Are you a criminal if you've ever jaywalked? I mean, technically you are. |
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Post by cretin11 on Aug 24, 2023 13:45:50 GMT -5
Fascinating that the same person could believe a cabal of nefarious naked short manipulators have suppressed our share price for a decade, while claiming our execs just randomly timed that offering in 2017. I love this board sometimes, you can’t make it up! 🤩
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Post by BD on Aug 24, 2023 14:29:15 GMT -5
I think it's the MannKind story itself that would've been tough to make up, we here are just kinda captives on the journey (optionally substitute "masochists" for "captives"...)
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Post by ktim on Aug 24, 2023 14:30:45 GMT -5
Yes, it still perplexes me given the history of dilution that they would choose to increase the authorized shares so dramatically. Obviously I can only speculate that it has had an effect on the share price, but to the extent there is any effect it certainly isn't to increase the share price.
I do appreciate that Mike has since stated that they will not require a capital raise using the shares. Given his statement and given the relatively strong financial position now, it probably is an insignificant drag on share price if any.
Ordinarily increasing authorized shares shouldn't matter, but I simply thought it very bad optics given the history of dilution with MNKD.
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Post by dh4mizzou on Aug 24, 2023 14:34:40 GMT -5
No expert in this matter at all but COULD Mike have gotten wind of a possible offer for MNKD from an entity that he thought would not be a good fit and actually DID use this as a potential poison pill?
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Post by cretin11 on Aug 24, 2023 15:35:55 GMT -5
No expert in this matter at all but COULD Mike have gotten wind of a possible offer for MNKD from an entity that he thought would not be a good fit and actually DID use this as a potential poison pill? I guess about as likely as the 2017 pump and dump coincidentally occurring simultaneously with the share offering. Infinitesimal odds but some may want to believe.  |
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Post by prcgorman2 on Aug 24, 2023 15:49:09 GMT -5
No expert in this matter at all but COULD Mike have gotten wind of a possible offer for MNKD from an entity that he thought would not be a good fit and actually DID use this as a potential poison pill? I guess about as likely as the 2017 pump and dump coincidentally occurring simultaneously with the share offering. Infinitesimal odds but some may want to believe. sigh - can you not take an opposite view without sarcasm and mocking?
The "poison pill" clause in the SEC filing is a matter of fact. Doesn't matter if it's boiler-plate. Neither dh4mizzou, nor I, made it up. We're not saying it's likely. The company listed it as one of the possible benefits of authorizing an increase in shares available to be issued. The large institutional shareholders agreed and I trust that they're not fools. I assume the additional shares are more likely to be in a secondary offering to raise a lot of cash in an environment with high interest rates to accomplish a task that needs lots of money such as building another manufacturing facility, or acquiring another company (hopefully with better prospects than V-Go), or perhaps developing a pipeline drug and marketing it. For sure, it's not just for compensating executives.
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Post by cretin11 on Aug 24, 2023 16:12:59 GMT -5
Nothing sarcastic about my post. But keep trying!
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