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Post by gwb on Dec 24, 2015 18:51:51 GMT -5
Relatively flat today: 12/15/2015 111,521,024 11/30/2015 110,786,571 On Tuesday December 1 the rate charged to borrowers from Fidelity was 65.25 % and the lenders were getting paid 42.5% . On Tuesday December 15 the rate charged to borrowers from Fidelity was 28.5 % and the lenders were getting paid 16.5 % .
I understand there are cut off's on covering and reporting ( three days , naked shorting rollovers . other games ) , but how can we have an increase of about 1 million shares short , with the interest rate more than dropping in half ? . Maybe a new lender put 10 or fifteen million shares in the market ? Any thoughts ?
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Post by EveningOfTheDay on Dec 24, 2015 20:05:37 GMT -5
Shorts did all their leg work while they were pushing the price from the 5s into the 4s, 3s, 2s and now 1s. They were pushing and paying heavily for borrowing so much of the stock. By now they could, when nobody will touch this stock and some longs have capitulated it might be easy enough for them to buy a few shares with minimal upswing, and used those same shares to push the stock further down. Even if they lose a dime in the transaction, the big battle was to bring the stock all they way to where it is now, but to keep it here is, probably, proving a pretty easy thing to do.
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Post by EveningOfTheDay on Dec 24, 2015 20:09:25 GMT -5
Incidentally, it is clear their plan is to keep the sp at this levels to force MNKD to dilute to the maximum pain in case of a secondary offering. Something I wish I could confidently say it will not happen, but that, as of now, seems fairly possible.
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Post by chuck on Dec 25, 2015 0:18:01 GMT -5
Incidentally, it is clear their plan is to keep the sp at this levels to force MNKD to dilute to the maximum pain in case of a secondary offering. Something I wish I could confidently say it will not happen, but that, as of now, seems fairly possible. Based on the most recent short data, (12/15/15) it is interesting to observe that the short interest remaining roughly unchanged, demonstrating that shorts aren't increasing their positions on a net basis and its highly questionable whether shorts are driving the stock price through shorting. The more likely scenario is that shorts have had no plan other than to sit back with their bucket of popcorn and watch mnkd/sny stumble, fumble and bumble their way through this roll-out and watch longs sell-out one by one, (with few buyers) (not because of anything shorts did but lack of performance by mnkd/sny, resulting in a continued erosion of the share price.
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Post by EveningOfTheDay on Dec 25, 2015 4:00:23 GMT -5
I disagree. I think shorts were a big factor when it came to push the stock to the current lows. As a matter of fact they were so invested on it that at points they were paying extremely high interest to borrow shares. However at this point it is likely capitulation and waiting to see how MNKD will overcome some of the issues it faces, is keeping the stock at current levels, so shorts do not need to work so hard at it. I think they expect MNKD will have no option but to issue a secondary offering and in the meanwhile the only thing they will need to do is wait. If Sanofi abandons the project it is possible they will be right. If Sanofi stays committed to Afrezza is not that clear that even a secondary offering might allow all 100 m short shares to be covered.
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Post by Deleted on Jan 12, 2016 16:10:44 GMT -5
120,719,394 - settlement date 12/31/2015
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Post by gwb on Jan 12, 2016 16:11:27 GMT -5
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Post by obamayoumama on Jan 12, 2016 18:26:32 GMT -5
Big increase before the SNY news, have to wonder how much was covered |
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Post by dreamboatcruise on Jan 12, 2016 18:32:46 GMT -5
gwb... you're still displaying wedding pictures after the divorce? Time to move on buddy. We can't expect anyone to want to date us if it appears there's too much baggage.
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Post by joeypotsandpans on Jan 26, 2016 20:32:09 GMT -5
Anxious to see the numbers tomorrow after the close, could be very telling IMO.....if I were short, I would not be feeling very comfortable should that number remain near nine digits after the 15th of this month. |
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Post by Deleted on Jan 26, 2016 20:37:39 GMT -5
Anxious to see the numbers tomorrow after the close, could be very telling IMO.....if I were short, I would not be feeling very comfortable should that number remain near nine digits after the 15th of this month. tommorrows number with settlement date of 15th.. so all the high volume after news on 5th would have been settled.I am waiting too |
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Post by alethea on Jan 27, 2016 11:16:29 GMT -5
I think the Short Interest will still be very high. Hard to say how much covering was actually done on January 5th and 6th when about 71 million shares traded on the end of the Sanofi "partnership" announcement.
However, I can almost guarantee with near certainty than since Jan 7th, nearly ALL of the trading has been manipulative, controlled, sleight of hand, magician's tricks activity by the Crooks and that virtually NO covering whatsoever has occurred since then.
Really interested in seeing tonight's number. I think it will still indeed be a nine digit number (100 M or more).
On the other hand, TODAY's trading may be the beginning of some genuine short covering. Let's hope the crooked cabal starts to see some panicked member defections in the hours and days to come. Oh my that would be sweet.
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Post by suebeeee1 on Jan 27, 2016 11:22:42 GMT -5
They still have 2+ days to cover before the weeklys hit. Expect hit pieces to emerge!
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Post by mnholdem on Jan 27, 2016 12:00:07 GMT -5
The Sanofi termination may have marked the beginning of a transformation where MannKind shows more transparency. I would think that on the heels of the Receptor Life Sciences announcement, the shorts might be getting a little nervous. Today's announcement of another investor conference call for next Wednesday should, in my opinion, make them very nervous when one considers that one of the bullet points of MannKind 2.0 was to generate "immediate" cash by expanding Afrezza sales outside the U.S.
This rally may indeed be caused by some exiting of short positions, but I'd like to think they'll hang on until next Wednesday's conference call and that the price movement we're seeing now is actually buying interests following several analyst upgrades. |
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Post by chyaboi on Jan 27, 2016 16:10:06 GMT -5
123,892,191... 8.8 days to cover
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