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Post by JEvans on Nov 8, 2023 18:21:29 GMT -5
Hit the 52 week low today, guess the optimism train never left the station. I would have never guessed this. I guess I don't know MNKD the way I thought I did. I was anticipating it to go up prior to the release of 2023 3Q. It threw off my trading plans. Maybe people are looking to take a big tax loss strategy for 2023. |
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Post by peppy on Nov 8, 2023 18:30:08 GMT -5
Hit the 52 week low today, guess the optimism train never left the station. I would have never guessed this. I guess I don't know MNKD the way I thought I did. I was anticipating it to go up prior to the release of 2023 3Q. It threw off my trading plans. Maybe people are looking to take a big tax loss strategy for 2023. I do not mean to be a horrible human being. MNKD added 55,000,000 shares and sold them, the way I see it driving the share price down. Is my thinking wrong? Weighted average shares - basic 268,732 Weighted average shares - diluted 323,770 55,000,000 shares Look at the share price the last three months MNKD daily. schrts.co/waSGUgjd. |
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Post by JEvans on Nov 8, 2023 19:00:23 GMT -5
I would have never guessed this. I guess I don't know MNKD the way I thought I did. I was anticipating it to go up prior to the release of 2023 3Q. It threw off my trading plans. Maybe people are looking to take a big tax loss strategy for 2023. I do not mean to be a horrible human being. MNKD added 55,000,000 shares and sold them, the way I see it driving the share price down. Is my thinking wrong? Weighted average shares - basic 268,732 Weighted average shares - diluted 323,770 55,000,000 shares Look at the share price the last three months MNKD daily. schrts.co/waSGUgjd. Looks like it did the same thing to from March - May too, but yes I agree that doesn't sound good and to think that 3Q earnings call made it sound like they were paying off debt but maybe they are selling shareholders down the river to do it...? |
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Post by peppy on Nov 8, 2023 19:05:03 GMT -5
I do not mean to be a horrible human being. MNKD added 55,000,000 shares and sold them, the way I see it driving the share price down. Is my thinking wrong? Weighted average shares - basic 268,732 Weighted average shares - diluted 323,770 55,000,000 shares Look at the share price the last three months MNKD daily. schrts.co/waSGUgjd. Looks like it did the same thing to from March - May too, but yes I agree that doesn't sound good and to think that 3Q earnings call made it sound like they were paying off debt but maybe they are selling shareholders down the river to do it...? I apologize in advance, I am rearing up again. We seem to be paying the employees. 3.2 million for stock options and RSU 266000 employee stock purchase plan, Added, as far as March through may, the latest banking crisis and SVB went down. MNKD has some loans with SVB.... remember. The federal reserve had to move in with overnight funding.... blah, blah, blah, and you should see the overnight collateral the fed holds. |
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Post by radgray68 on Nov 8, 2023 20:21:07 GMT -5
“Fully diluted” shares are the total common shares of a company counting not only shares that are currently issued and outstanding but also shares that could be claimed through the conversion of convertible preferred stock or through the exercise of outstanding options and warrants.
Our debt is an approximately 20% overhang on the company. Our "fully Diluted" count was getting close to the maximum 400 million and didn't leave much flexibility. That's why they requested the additional shelf shares.
On the bright side, if they added all 55 million shares, we'd be debt free. Some would prefer to start there.
Would you be comfortable with a summary issuing of the shares to be debt free tomorrow?
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Post by porkini on Nov 8, 2023 20:27:06 GMT -5
“Fully diluted” shares are the total common shares of a company counting not only shares that are currently issued and outstanding but also shares that could be claimed through the conversion of convertible preferred stock or through the exercise of outstanding options and warrants. Our debt is an approximately 20% overhang on the company. Our "fully Diluted" count was getting close to the maximum 400 million and didn't leave much flexibility. That's why they requested the additional shelf shares. On the bright side, if they added all 55 million shares, we'd be debt free. Some would prefer to start there. Would you be comfortable with a summary issuing of the shares to be debt free tomorrow? On a purely personal basis, I love being debt-free, it allows me to see what I can/can't afford in real time and not overstep my financial bounds. I also sleep better at night.  |
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Post by BD on Nov 8, 2023 22:52:12 GMT -5
On a purely personal basis, I love being debt-free too, and once upon a time ago I actually was, but right now I'm going to need one or two of my investments to actually go up if I ever hope to get there again lol.
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Post by peppy on Nov 9, 2023 9:41:41 GMT -5
MNKD volume this am is huge for MNKD at 10 mins of trade, Volume: 210,067 NOV 9, 2023 9:40 AM ET $3.57 -0.08 (-2.19%) added, MNKD share price now sitting on it's 200 week MA MNKD weekly chart. schrts.co/MxsyeGazAdded, MNKD volume at 30 Mins of trade, Volume: 437,734 NOV 9, 2023 10:00 AM ET $3.595 -0.055 (-1.51%)
Added, MNKD volume at 1 hour and 6 mins of trade. ........ This volume is mostly seen after the half day of trade lately. Heavy volume for MNKD.
Volume: 754,930
NOV 9, 2023 10:36 AM ET
$3.51 -0.14 (-3.84%)
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Post by boytroy88 on Nov 9, 2023 10:38:31 GMT -5
MNKD volume this am is huge for MNKD at 10 mins of trade, Volume: 210,067 NOV 9, 2023 9:40 AM ET $3.57 -0.08 (-2.19%) added, MNKD share price now sitting on it's 200 week MA MNKD weekly chart. schrts.co/MxsyeGazAdded, MNKD volume at 30 Mins of trade, Volume: 437,734 NOV 9, 2023 10:00 AM ET $3.595 -0.055 (-1.51%)
$3.50 now. Didn't think it would go back down here but I was wrong, as always with MNKD. Bought more shares at 3.82 thinking that would be support. Wrong again. 😔 |
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Post by peppy on Nov 9, 2023 10:42:12 GMT -5
“Fully diluted” shares are the total common shares of a company counting not only shares that are currently issued and outstanding but also shares that could be claimed through the conversion of convertible preferred stock or through the exercise of outstanding options and warrants. Our debt is an approximately 20% overhang on the company. Our "fully Diluted" count was getting close to the maximum 400 million and didn't leave much flexibility. That's why they requested the additional shelf shares. On the bright side, if they added all 55 million shares, we'd be debt free. Some would prefer to start there. Would you be comfortable with a summary issuing of the shares to be debt free tomorrow? I always read your posts carefully as I respect your knowledge of the balance sheet. Really, it is just that the market didn't like it that hurts. |
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Post by ktim on Nov 9, 2023 10:48:17 GMT -5
It's great to have debt if you locked in a low interest rate and are now making higher rate on the money in safe investments. I'm now earning double my mortgage rate having money in a money market fund.
However, MNKD doesn't have enough cash to pay off the debt. It's nice that they are now making more on cash than they pay for some of the debt, but when it comes due they have to have a decent share price... which leaves room for shorting mischief. Part of me would hate paying off debt at $3.53/share, but it would be good to have that overhang gone... or some guidance from management that we'll be building up cash reserves for when debt is due rather than merely treading water.
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Post by peppy on Nov 9, 2023 11:05:54 GMT -5
MNKD volume this am is huge for MNKD at 10 mins of trade, Volume: 210,067 NOV 9, 2023 9:40 AM ET $3.57 -0.08 (-2.19%) added, MNKD share price now sitting on it's 200 week MA MNKD weekly chart. schrts.co/MxsyeGazAdded, MNKD volume at 30 Mins of trade, Volume: 437,734 NOV 9, 2023 10:00 AM ET $3.595 -0.055 (-1.51%)
Added, MNKD volume at 1 hour and 6 mins of trade. ........ This volume is mostly seen after the half day of trade lately. Heavy volume for MNKD.
Volume: 754,930
NOV 9, 2023 10:36 AM ET
$3.51 -0.14 (-3.84%)
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At 1 and 1/2 hours of trade, MNKD volume continues to be very high. This is the volume seen many times with 2 hours of trade left to go. Volume: 1,024,030 NOV 9, 2023 11:03 AM ET $3.47 4.93% -0.18 At 2 hours of trade, MNKD real time volume, Volume: 1,363,270 NOV 9, 2023 11:30 AM ET.. . $3.4599 -0.1901 (-5.21%) |
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Post by Chris-C on Nov 9, 2023 11:18:00 GMT -5
Capitulation? Margin buyers getting nervous? I bought some at 3.50 thinking that might be the floor. Obviously I jinxed it. Sorry!
Buyers will not step in until they think it has bottomed. I have some more dry powder.
The question is- how much of my portfolio do I want to commit to this mirage? It’s already an insanely large portion! 😱
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Post by mnlearner on Nov 9, 2023 11:23:45 GMT -5
BOYTROY88 "$3.50 now. Didn't think it would go back down here but I was wrong, as always with MNKD. Bought more shares at 3.82 thinking that would be support. Wrong again. 😔 You and me both!  |
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Post by radgray68 on Nov 9, 2023 11:34:47 GMT -5
The old adage is that markets can stay irrational longer than you can stay solvent. Buying opportunity? 😆 oops too soon.
Im deciding whether to buy more shares or sell puts? I didn’t sell my trading shares before the downturn so I’m leaning towards the latter. I consider it selling short term insurance to the nervous Nellies.
Edit: Decided I’m getting more shares. $3.41 is low enough for me.
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