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Post by celo on Nov 26, 2024 0:07:07 GMT -5
This is a WAG by me as a reason for the bondholders to slow the conversion process:.
It maybe difficult to dis-entangle the short position by the bond holders. When Mannkind has the ability to call the bonds to be repaid with cash, whose bonds are chosen? I ask because in these situations the bonds are usually chopped up and spread out over many holders. Seems as if paying in cash, which Mannkind has the ability, would make it difficult for the bond holders.
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Post by veritasfiliatemporis on Nov 26, 2024 4:05:50 GMT -5
Friday the 6th will be the last chance.
* " They were collecting more on interest on the money they got from Sagard then they’re paying in interest on the bond debt ", I presume, since, there are no news available to speculate, this is the only little piece of cake to play with.
*prcgorman2
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Post by prcgorman2 on Nov 26, 2024 7:31:46 GMT -5
Friday the 6th will be the last chance. * " They were collecting more on interest on the money they got from Sagard then they’re paying in interest on the bond debt ", I presume, since, there are no news available to speculate, this is the only little piece of cake to play with. *prcgorman2 Kind of complicated to figure the “last chance” (in this quarter). The next day the share price closes at or over $6.77 that is within the 30-day trading window that began about 3 weeks ago will complete the 20 out of 30 trading days in this quarter. However, those days it closed over $6.77 will continue to be in a sliding 30-day window. I haven’t tried to figure out what would need to happen in order to have some of those days count and still meet the 20 out of 30 term, but it won’t be December 6th. i.e., if December 7th (a date which will live in infamy) closes at or over $6.77, and so does December 8th, I think that meets the requirement too. As I’ve said, I don’t really know how much early retirement of the convertible bond debt matters so I remain puzzled by the apparent share price battle. Speculation doesn’t require news, but Mike did indicate in the most recent earnings call there would be news on trial results in this quarter. Stay tuned! |
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Post by veritasfiliatemporis on Nov 26, 2024 7:45:15 GMT -5
December the 6th will be the limiti, 30 trading days 6 weeks unless there is a trading day stop for holiday before that day. What I see, some shorting for 5 10 cents around 6.77. I hope they burn their fingers with news regarding the first Inhale 1 readout.
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Post by casualinvestor on Nov 26, 2024 12:32:12 GMT -5
This is a WAG by me as a reason for the bondholders to slow the conversion process:. It maybe difficult to dis-entangle the short position by the bond holders. When Mannkind has the ability to call the bonds to be repaid with cash, whose bonds are chosen? I ask because in these situations the bonds are usually chopped up and spread out over many holders. Seems as if paying in cash, which Mannkind has the ability, would make it difficult for the bond holders. It's even more interesting because of the stipulation that if MNKD cannot repay the entire bond in cash, then they have to repay $75M in shares. IMO this means the entire thing would have to be paid at one time. I'd assume that the $75M shares would be spread evenly according to amount of bond held. |
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