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Post by myocat on Nov 8, 2023 7:31:44 GMT -5
QTR call bumps only to trace back down around $4buckaroo.
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Post by peppy on Nov 8, 2023 7:33:40 GMT -5
Shouldn't this thread be closed or maybe replaced with optimism?  I laughed when I read this, agreeing on the point. Then, with the help of the Board..... the reason MNKD had a positive earnings per shares seems to be MNKD sold shares to arrive at positive earnings per share. While the general public may not realize it was dilution, the fact will not escape the analysis of the houses. Oh what a tangled web we weave...... The world's best mealtime insulin. anderson wrote, mnkd.proboards.com/post/257693"Page 5 Show share BALANCE, JUNE 30, 2023 268,235k. 323,770k is the fully diluted value if all the debit is converted to shares(the ones with conversion options....ie senior notes and mann group). you can see that 362000 share were sold through the ATM this quarter. 13000 to Mann group to pay interest, 3.2 million for stock options and RSU 266000 employee stock purchase plan, and 36000 for Issuance of common stock from market price stock purchase plan whatever that is. to total of 4 million dilution this quarter. So yeah, they ran the ATM to pay for something." |
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Post by bthomas55ep on Nov 8, 2023 7:54:55 GMT -5
Shouldn't this thread be closed or maybe replaced with optimism? I laughed when I read this, agreeing on the point. Then, with the help of the Board..... the reason MNKD had a positive earnings per shares seems to be MNKD sold shares to arrive at positive earnings per share. While the general public may not realize it was dilution, the fact will not escape the analysis of the houses. Oh what a tangled web we weave...... The world's best mealtime insulin. anderson wrote, mnkd.proboards.com/post/257693"Page 5 Show share BALANCE, JUNE 30, 2023 268,235k. 323,770k is the fully diluted value if all the debit is converted to shares(the ones with conversion options....ie senior notes and mann group). you can see that 362000 share were sold through the ATM this quarter. 13000 to Mann group to pay interest, 3.2 million for stock options and RSU 266000 employee stock purchase plan, and 36000 for Issuance of common stock from market price stock purchase plan whatever that is. to total of 4 million dilution this quarter. So yeah, they ran the ATM to pay for something." Wait, what? I may have misinterpreted your point. If a company sells shares and creates dilution, that makes it harder to gain in earnings per share... There are more shares to divide the profit over. Ignore me if I missed a joke |
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Post by peppy on Nov 8, 2023 10:01:06 GMT -5
I laughed when I read this, agreeing on the point. Then, with the help of the Board..... the reason MNKD had a positive earnings per shares seems to be MNKD sold shares to arrive at positive earnings per share. While the general public may not realize it was dilution, the fact will not escape the analysis of the houses.
Oh what a tangled web we weave...... The world's best mealtime insulin. anderson wrote, mnkd.proboards.com/post/257693"Page 5 Show share BALANCE, JUNE 30, 2023 268,235k. 323,770k is the fully diluted value if all the debit is converted to shares(the ones with conversion options....ie senior notes and mann group). you can see that 362000 share were sold through the ATM this quarter. 13000 to Mann group to pay interest, 3.2 million for stock options and RSU 266000 employee stock purchase plan, and 36000 for Issuance of common stock from market price stock purchase plan whatever that is. to total of 4 million dilution this quarter. So yeah, they ran the ATM to pay for something." Wait, what? I may have misinterpreted your point. If a company sells shares and creates dilution, that makes it harder to gain in earnings per share... There are more shares to divide the profit over. Ignore me if I missed a joke Yes, I guess I was stating the obvious. Sorry. $3.8001 +0.0001 (+0.00%) Bid: $3.79 x 200 Ask: $3.80 x 2741 Volume: 570,628 NOV 8, 2023 9:59 AM ET |
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Post by BD on Nov 8, 2023 10:17:33 GMT -5
At this point my January '24 5.5 calls definitely look like they belong in this column, and not the new thread...  |
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Post by standup on Nov 8, 2023 10:28:52 GMT -5
I laughed when I read this, agreeing on the point. Then, with the help of the Board..... the reason MNKD had a positive earnings per shares seems to be MNKD sold shares to arrive at positive earnings per share. While the general public may not realize it was dilution, the fact will not escape the analysis of the houses. Oh what a tangled web we weave...... The world's best mealtime insulin. anderson wrote, mnkd.proboards.com/post/257693"Page 5 Show share BALANCE, JUNE 30, 2023 268,235k. 323,770k is the fully diluted value if all the debit is converted to shares(the ones with conversion options....ie senior notes and mann group). you can see that 362000 share were sold through the ATM this quarter. 13000 to Mann group to pay interest, 3.2 million for stock options and RSU 266000 employee stock purchase plan, and 36000 for Issuance of common stock from market price stock purchase plan whatever that is. to total of 4 million dilution this quarter. So yeah, they ran the ATM to pay for something." Wait, what? I may have misinterpreted your point. If a company sells shares and creates dilution, that makes it harder to gain in earnings per share... There are more shares to divide the profit over. Ignore me if I missed a joke I'm pretty sure the singular act of selling shares does not affect the Income Statement other than the divisor of the EPS calculation. |
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Post by peppy on Nov 8, 2023 10:39:51 GMT -5
Wait, what? I may have misinterpreted your point. If a company sells shares and creates dilution, that makes it harder to gain in earnings per share... There are more shares to divide the profit over. Ignore me if I missed a joke I'm pretty sure the singular act of selling shares does not affect the Income Statement other than the divisor of the EPS calculation. you guys have me thinking I am stupid, and I am. However, doesn't the singular act of selling shares affect share price? The tense should be, didn't it affect share price? As to why this stock is trading under $4.00? Sellers..... As far as Wall Street, wouldn't it have been a cleaner beat had it been on earnings? I'll stop now, stupid is as stupid does. |
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Post by radgray68 on Nov 8, 2023 10:51:16 GMT -5
They’re in the process of deleveraging the company. They sold shares to cancel debt. They didn’t sell shares to keep the lights on. Huge difference…..to the accounting world.
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Post by peppy on Nov 8, 2023 11:11:17 GMT -5
They’re in the process of deleveraging the company. They sold shares to cancel debt. They didn’t sell shares to keep the lights on. Huge difference…..to the accounting world. Radgray, yes. 13000 to Mann group to pay interest, Also, the lights on. 3.2 million for stock options and RSU 266000 employee stock purchase plan, and 36000 for Issuance of common stock from market price stock purchase plan whatever that is.to total of 4 million dilution this quarter...... 55,000,000 shares
I said I would stop. |
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Post by radgray68 on Nov 8, 2023 11:25:41 GMT -5
Four million shares added to 265 million is a 1.5% dilution. On a $4 stock it should represent a 6 cent hit. To my mind.
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Post by mnlearner on Nov 8, 2023 12:14:38 GMT -5
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Post by cretin11 on Nov 8, 2023 12:22:32 GMT -5
She got us again.
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Post by RainbowUnicorn on Nov 8, 2023 14:42:34 GMT -5
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Post by craig on Nov 8, 2023 22:17:34 GMT -5
I read the following: "Marketable securities, particularly trading securities, are recorded at the time they are sold. The gain or loss of the sale is recorded on the income statement under the operating income segment as a line item denoted as 'Gain (Loss) on Trading Securities.' The gain or loss will impact the overall income statement and therefore the earnings of the company." www.investopedia.com/ask/answers/061715/how-do-marketable-securities-impact-companys-financial-statements.aspDespite what I said below about smoke and mirrors, I'm not sure why so many at-the-market shares were sold. Related info re some Q3 numbers that were incorrectly cited:Great post from Anderson, but there's a mistake (the presentation of the data is bit confusing). Here's what the info on page 6 of the SEC quarterly filing says for the quarter ended Sept 30, 2023: (in thousands)- Issuance of common stock associated at-the-market placement: 847 [up from 269 in Q2! That's a difference of 578, i.e. 578,000 additional shares sold by the company, resulting in several millions...which allowed the company to net a small profit for the quarter with a bit of smoke and mirrors]
- Issuance of common stock pursuant to conversion of the Mann Group convertible note interest: 13
- Net issuance of common stock associated with stock options and restricted stock units: 448
investors.mannkindcorp.com/node/19436/html |
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Post by BD on Nov 8, 2023 22:48:36 GMT -5
One of the several ELP albums I listened to non-stop while writing the software my career was built on. Good stuff. |
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