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Post by Chris-C on Jan 29, 2015 16:58:04 GMT -5
We can't hope to hear anything about Afrezza in SNY's results for another quarter at least. On a different but related note, has there been any official confirmation about that conference in Vegas from either Sanofi or Mannkind? Poorneil A thread on the Mannkind Central freeforums board seemed to confirm that a launch conference was indeed held in Las Vegas some days ago. The thread (view here) was started by Brentie, an administrator on the Mannkind Central board who found a briefing book and some papers related to the launch. Photos and accompanying information may have been posted elsewhere on this board, as kc had requested permission to do so. (Apologies if they have). Despite limited communication about what's going on week to week, this and other posts clearly indicate that things are moving forward, proving that great work in a company (SNY) does not require the presence of a CEO. Christophe Weber of Takeda may end up regretting that he didn't give more consideration to SNY's recent approach about his potential interest in the SNY CEO vacancy. Personally, I'd welcome some information on quantities of product produced and available to ship (or already shipped), getting assurances that demand will not outstrip supply. I hate when that happens. Regards to all Chris_C |
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Post by dreamboatcruise on Jan 29, 2015 19:41:31 GMT -5
Love to have a picture of a dreamboat inhaler sitting next to a Kurig K cup container Maybe Kurig could start making D cups (That's dreamboat by the way) that would be inhalable versions of all their most popular coffees and teas... for when you're dashing out the door and just can't wait the 15 seconds for a normal Kurig brew. |
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Post by babaoriley on Jan 31, 2015 1:39:57 GMT -5
Liane, thanks, much better response than, "prescribe Afrezza, what are you, crazy, that stuff goes into the lungs!?" Hope you read them a forward looking statement and conflict of interest disclosure.  We're making a nice little move here, always like green at the end of the day, hopefully the market will accommodate us. I've exchanged lot of my warrants (expiry, Feb 2016), for Jan 2017 long calls. There is very little premium to be paid on the deep in the money calls, for example, the $2.50's, which is the majority of the strike I bought, more or less to mimic the $2.40 exercise price per share on the warrants (which, to remind everyone, is not a 1 to 1 proposition, you need to have 1 and 2/3 warrants to entitle you to buy one share at $2.40). how does some one exercise those warrants? who supplies the shares when exercised? Does Mannkind have to issue shares there by increasing outstanding shares? as of now .. the effective price of each share when exercised is 2.40 ( price of 1 warrant) + 1.6 ( 2/3 of 1 warrant ) + 2.40 ( purchase price of share ) = 6.40.. is that a true approximation? Hey, iam2, I missed this post of yours, but let me tell you how I figure the warrant thing. Today, the price of the warrant closed at $2.42 and the stock price at 6.35. So, to have a warrant position that allows me to exercise the warrant holder's right to buy a share for $2.40, I need to have 1 and 2/3 warrants or 10/6 warrants. I multiply 10/6 x 2.42 which = 4.03. So, if I buy $4.03 worth of warrants (or 1.67 warrants), I can then buy a share immediately for $2.40 by exercising those warrants. So if I did it all simultaneously, it would cost me 4.03 + 2.40 = 6.43 to buy a share of MNKD. Since that price is above the share price, it's reflecting a time premium, and a darn small one of about 8 cents. This time premium has been as high as around .30 to .40 in the past, but, of course, there is less time left on the warrant, so that makes sense. So, if you could by that warrant for less than 2.39 or so, it would be a good deal. Conversely, you wouldn't want to sell your warrant for less than 2.39, or you'd be getting the short end. As far as how to exercise, you just inform your broker or push the right button on you computer to exercise, but, of course, you do need to have the cash or buying power available then and there in your account to buy the stock. So, say you exercised 1000 warrants, you'd be, in essence buying 600 shares of MNKD at $2.40, meaning you need to have $14,400 available buying power for the transaction to go forward. I've been switching over from the warrants to the Jan 2017 calls, and that's worked out okay for me so far. It does cost a little more, but I expect that as I get an extra 11+ months of time. Time is very, very valuable on the stock of a company in the situation in which MNKD finds itself these days. |
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Post by Deleted on Jan 31, 2015 7:36:07 GMT -5
how does some one exercise those warrants? who supplies the shares when exercised? Does Mannkind have to issue shares there by increasing outstanding shares? as of now .. the effective price of each share when exercised is 2.40 ( price of 1 warrant) + 1.6 ( 2/3 of 1 warrant ) + 2.40 ( purchase price of share ) = 6.40.. is that a true approximation? Hey, iam2, I missed this post of yours, but let me tell you how I figure the warrant thing. Today, the price of the warrant closed at $2.42 and the stock price at 6.35. So, to have a warrant position that allows me to exercise the warrant holder's right to buy a share for $2.40, I need to have 1 and 2/3 warrants or 10/6 warrants. I multiply 10/6 x 2.42 which = 4.03. So, if I buy $4.03 worth of warrants (or 1.67 warrants), I can then buy a share immediately for $2.40 by exercising those warrants. So if I did it all simultaneously, it would cost me 4.03 + 2.40 = 6.43 to buy a share of MNKD. Since that price is above the share price, it's reflecting a time premium, and a darn small one of about 8 cents. This time premium has been as high as around .30 to .40 in the past, but, of course, there is less time left on the warrant, so that makes sense. So, if you could by that warrant for less than 2.39 or so, it would be a good deal. Conversely, you wouldn't want to sell your warrant for less than 2.39, or you'd be getting the short end. As far as how to exercise, you just inform your broker or push the right button on you computer to exercise, but, of course, you do need to have the cash or buying power available then and there in your account to buy the stock. So, say you exercised 1000 warrants, you'd be, in essence buying 600 shares of MNKD at $2.40, meaning you need to have $14,400 available buying power for the transaction to go forward. I've been switching over from the warrants to the Jan 2017 calls, and that's worked out okay for me so far. It does cost a little more, but I expect that as I get an extra 11+ months of time. Time is very, very valuable on the stock of a company in the situation in which MNKD finds itself these days. Thanks baba .. i figured the exercising and pricing.. but still not able to find out, who supplies the shares.. in case of options, option writer gives shares from his account.. but in case of warrants , does MNKD have to issue new shares ? what i am getting to is how do the warrants affect the outstanding share count |
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Post by biotec on Jan 31, 2015 8:12:15 GMT -5
how does some one exercise those warrants? who supplies the shares when exercised? Does Mannkind have to issue shares there by increasing outstanding shares? as of now .. the effective price of each share when exercised is 2.40 ( price of 1 warrant) + 1.6 ( 2/3 of 1 warrant ) + 2.40 ( purchase price of share ) = 6.40.. is that a true approximation? Hey, iam2, I missed this post of yours, but let me tell you how I figure the warrant thing. Today, the price of the warrant closed at $2.42 and the stock price at 6.35. So, to have a warrant position that allows me to exercise the warrant holder's right to buy a share for $2.40, I need to have 1 and 2/3 warrants or 10/6 warrants. I multiply 10/6 x 2.42 which = 4.03. So, if I buy $4.03 worth of warrants (or 1.67 warrants), I can then buy a share immediately for $2.40 by exercising those warrants. So if I did it all simultaneously, it would cost me 4.03 + 2.40 = 6.43 to buy a share of MNKD. Since that price is above the share price, it's reflecting a time premium, and a darn small one of about 8 cents. This time premium has been as high as around .30 to .40 in the past, but, of course, there is less time left on the warrant, so that makes sense. So, if you could by that warrant for less than 2.39 or so, it would be a good deal. Conversely, you wouldn't want to sell your warrant for less than 2.39, or you'd be getting the short end. As far as how to exercise, you just inform your broker or push the right button on you computer to exercise, but, of course, you do need to have the cash or buying power available then and there in your account to buy the stock. So, say you exercised 1000 warrants, you'd be, in essence buying 600 shares of MNKD at $2.40, meaning you need to have $14,400 available buying power for the transaction to go forward. p I've been switching over from the warrants to the Jan 2017 calls, and that's worked out okay for me so far. It does cost a little more, but I expect that as I get an extra 11+ months of time. Time is very, very valuable on the stock of a company in the situation in which MNKD finds itself these days. bab, Im confussed as hech! Did you mean $1440? I bought 3000 02/2015 warrants for 61 cents way back, so 1.66 * .61= 1.01 plus 2.40 = 3.41 PPS Am I doing this right. So how much would I need in brokage to exercive my 3000 warrants? Thanks. Also Iam, I dont believe this will affect the share count |
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Post by savzak on Jan 31, 2015 8:17:36 GMT -5
iam2, warrants are a financing tool used by the issuing company. When they were issued, the company was paid for them by the initial purchasers. Since then, they've traded in the market like a stock, among traders and investors.
When redeemed, the company gets the exercise price and the company issues the shares. The "fully diluted shares outstanding" ( which i think is arround 450M shares) accounts for the anticipated full exercise of the warrants.
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Post by babaoriley on Jan 31, 2015 16:19:25 GMT -5
Hey, iam2, I missed this post of yours, but let me tell you how I figure the warrant thing. Today, the price of the warrant closed at $2.42 and the stock price at 6.35. So, to have a warrant position that allows me to exercise the warrant holder's right to buy a share for $2.40, I need to have 1 and 2/3 warrants or 10/6 warrants. I multiply 10/6 x 2.42 which = 4.03. So, if I buy $4.03 worth of warrants (or 1.67 warrants), I can then buy a share immediately for $2.40 by exercising those warrants. So if I did it all simultaneously, it would cost me 4.03 + 2.40 = 6.43 to buy a share of MNKD. Since that price is above the share price, it's reflecting a time premium, and a darn small one of about 8 cents. This time premium has been as high as around .30 to .40 in the past, but, of course, there is less time left on the warrant, so that makes sense. So, if you could by that warrant for less than 2.39 or so, it would be a good deal. Conversely, you wouldn't want to sell your warrant for less than 2.39, or you'd be getting the short end. As far as how to exercise, you just inform your broker or push the right button on you computer to exercise, but, of course, you do need to have the cash or buying power available then and there in your account to buy the stock. So, say you exercised 1000 warrants, you'd be, in essence buying 600 shares of MNKD at $2.40, meaning you need to have $14,400 available buying power for the transaction to go forward. p I've been switching over from the warrants to the Jan 2017 calls, and that's worked out okay for me so far. It does cost a little more, but I expect that as I get an extra 11+ months of time. Time is very, very valuable on the stock of a company in the situation in which MNKD finds itself these days. bab, Im confussed as hech! Did you mean $1440? I bought 3000 02/2015 warrants for 61 cents way back, so 1.66 * .61= 1.01 plus 2.40 = 3.41 PPS Am I doing this right. So how much would I need in brokage to exercive my 3000 warrants? Thanks. Also Iam, I dont believe this will affect the share count Biotech, sorry I confused you, obviously, so was I - yes, $1,440 for the 600 shares in my example. For you with 3000 warrants, you'll be able to exercise all of them and get 1800 shares, for which you'll need $4,320 buying power. Savzak is all over the question about the shares underlying the warrants and the count thereof. There are situations where the warrants or options are not registered, such as those given to employees, so they are unable to trade the warrants or options, but the company agrees that it will registered the shares if the warrants and/or options are exercised, which will then make the shares freely tradeable. If they don't do this (which is sometimes the case), then when the warrant/option holder exercises, the shares he/she receives cannot be sold on the open market. |
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