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Post by BD on May 7, 2024 7:25:06 GMT -5
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Post by prcgorman2 on May 9, 2024 12:21:42 GMT -5
You could think I would learn, but I'm always amazed when MannKind reports better-than-anticipated results, and then the share price goes down. I've not looked at the SIR lately, but it is getting more and more difficult to believe that there isn't a depressive effect of the $230M in convertible bond debt.
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Post by cretin11 on May 9, 2024 13:33:07 GMT -5
Short interest isn’t what’s holding us down. Look to the share borrowing/lending rates. If those are very high that’s a sign of it being an issue. Currently not an issue IMO.
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Post by prcgorman2 on May 9, 2024 13:55:40 GMT -5
Borrowing/lending rates are not what defines "high" SIR, instead it is the percentage of shares outstanding that are sold short.
The SIR had been declining in every 2 week report since last October until the most recent report on April 15th. Even if the decline resumed, it is probably still 11% or more (down from 14.1% in October) which is considered "fairly high".
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Post by cretin11 on May 9, 2024 14:26:44 GMT -5
Yes, but all of that can be ignored as basically noise, as long as share borrowing rates are minuscule (as they are currently for MNKD).
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Post by prcgorman2 on May 9, 2024 14:43:07 GMT -5
You can call it "noise" but I call it a depressed share price.
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Post by cretin11 on May 9, 2024 14:57:23 GMT -5
The point is SIR is not to blame for the depressed share price.
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Post by prcgorman2 on May 9, 2024 15:07:20 GMT -5
Agree, it's the shorting that depresses the share price. The SIR is just the measure of the shorting.
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Post by alethea on May 9, 2024 15:12:36 GMT -5
The blame for the depressed share price remains on those who have controlled, manipulated, and shorted MNKD stock for most of the 10 years since FDA approval.
The short interest is just one of their tools. The short interest remains high. It is significant but not the only item in their bag of tricks.
Today's action borders on the absurd. It's a trick. A bit of prestidigitation.
Patience longs. I don't think they will maintain this forever. Can't see it going beyond the expiration of the convertible debt at the latest.
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Post by alethea on May 9, 2024 15:19:31 GMT -5
My goodness, a revenue run rate of over 250 million per year. I remember just a few years ago hoping to get to double digit revenue (10 million).
The financial progress of MNKD since the UTHR collaboration is nothing short of stunning.
This is not priced to perfection. It is priced way, WAY too low in a continuing effort to discourage and depress longs' interest in MNKD as an investment along with its stock price. Mike and Steve said yesterday it is WAY undervalued. I believe them. I agree.
I am ALL in.
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Post by cretin11 on May 9, 2024 15:30:45 GMT -5
People continue to want to blame shorting and “manipulation” for our share price woes year after year. There is a more realistic way to view things but that’s up to each investor to see if and when they choose. 🤷🏽♂️
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Post by mymann on May 10, 2024 10:59:44 GMT -5
I would have guessed the sp should have gone up with good earnings. Forgot this is mnkd. Nothing make sense in Mannkind world.
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Post by prcgorman2 on May 10, 2024 11:18:22 GMT -5
People continue to want to blame shorting and “manipulation” for our share price woes year after year. There is a more realistic way to view things but that’s up to each investor to see if and when they choose. 🤷🏽♂️ It is fair to say we all observe the same things but do not all come to the same conclusions for "why" the share price moves the way it does (or doesn't).
It is a natural human thing to create a story for what we observe even while admitting we don't have complete information to be a foundation for our beliefs. If anyone here believes they know, for a provable fact, why the share price and SIR behave the way they do, I invite them to provide the evidence and show us the math.
If you can't do that, it doesn't matter what you think is "reality" because what you think will be based on some amount of speculation.
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Post by ktim on May 10, 2024 11:19:27 GMT -5
I would have guessed the sp should have gone up with good earnings. Forgot this is mnkd. Nothing make sense in Mannkind world. I think we're in a weird transition period. There probably are still a lot of investors hoping Afrezza somehow starts showing signs of becoming a blockbuster (which IMHO ain't going to happen), so when you get YOY comparison with notation in the filings that the increase in Afrezza rev was from price increase and change in how they account for returned product that rightly gets interpreted as stagnation. It will take some time for MNKD to break out of the Afrezza doldrums as the pipeline is pushed forward.
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Post by cretin11 on May 10, 2024 11:39:33 GMT -5
People continue to want to blame shorting and “manipulation” for our share price woes year after year. There is a more realistic way to view things but that’s up to each investor to see if and when they choose. 🤷🏽♂️ It is fair to say we all observe the same things but do not all come to the same conclusions for "why" the share price moves the way it does (or doesn't).
It is a natural human thing to create a story for what we observe even while admitting we don't have complete information to be a foundation for our beliefs. If anyone here believes they know, for a provable fact, why the share price and SIR behave the way they do, I invite them to provide the evidence and show us the math.
If you can't do that, it doesn't matter what you think is "reality" because what you think will be based on some amount of speculation.
agedhippie has explained very well (better than i can) why SIR is not a problematic factor in our share price stagnation. He's done that more than once and is likely not inclined to keep repeating himself. I think it makes some people feel better to have something like that (or naked shorts, manipulation, etc.) to blame for the stagnation.
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