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Post by charlespk on Jul 29, 2015 18:56:17 GMT -5
Excuse me if someone has posted this before , but does anyone think that the release of the information this morning was timed precisely before the SNY Release tonight
Was it done on purpose for some goal which we may not be aware of , or was it done because of SEC regulations since MNKD is in partnership with them ?
Unless required by SEC , I have suspicions of the timing , anyone else agree or disagree?
GL
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Post by centralcoastinvestor on Jul 29, 2015 19:14:45 GMT -5
I do think tomorrow is good. But I have always had way rose colored glasses on. Here's my theory: Why release the note payoff info now? They could have waited until post earnings call (earnings on 8/10 or so and this note due 8/15). There's a feature in the conversion that adjusts the conversion price based on market value; and MNKD has to inform the note holders that they are adjusting the "floor" price as of that day. So.....if you wanted to have a high floor...perhaps you do it during Sanofi's conference call where you and your partner have decided that it is high time that Sanofi start spouting some positives about Afrezza and the go-forward plan. And/or perhaps they can announce some partnership with a big pharma on their drug being re-used on technosphere. Or there is nothing in the hopper...and earnings/guidance will suck...in which case MNKD chose a conversion time in which their stock price is most vulnerable. Of course, this was negotiated with the holders...so maybe this is the only time the lenders were willing to allow this conversion to happen. Just as likely. But I like rose colored glasses.  Here's hoping. I like rose colored glasses too. So here is to all of us overly optimistic people. The sun will rise tomorrow no matter what happens to the pps. |
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Post by patryn on Jul 29, 2015 19:20:53 GMT -5
I do think tomorrow is good. But I have always had way rose colored glasses on. Here's my theory: Why release the note payoff info now? They could have waited until post earnings call (earnings on 8/10 or so and this note due 8/15). There's a feature in the conversion that adjusts the conversion price based on market value; and MNKD has to inform the note holders that they are adjusting the "floor" price as of that day. So.....if you wanted to have a high floor...perhaps you do it during Sanofi's conference call where you and your partner have decided that it is high time that Sanofi start spouting some positives about Afrezza and the go-forward plan. And/or perhaps they can announce some partnership with a big pharma on their drug being re-used on technosphere. Or there is nothing in the hopper...and earnings/guidance will suck...in which case MNKD chose a conversion time in which their stock price is most vulnerable. Of course, this was negotiated with the holders...so maybe this is the only time the lenders were willing to allow this conversion to happen. Just as likely. But I like rose colored glasses. Here's hoping. I like rose colored glasses too. So here is to all of us overly optimistic people. The sun will rise tomorrow no matter what happens to the pps. Unless an asteroid impact leaves us in another ice age in which case we won't worry much about the share price. (Trying to throw some pessimism into the rose colored glasses crowd). Long term investment thesis remains the same, and the next ten days will likely be a roller coaster. Hopefully I'll have some cash freed up before long to pick up some more shares. |
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Post by dreamboatcruise on Jul 29, 2015 19:21:29 GMT -5
Excuse me if someone has posted this before , but does anyone think that the release of the information this morning was timed precisely before the SNY Release tonight Was it done on purpose for some goal which we may not be aware of , or was it done because of SEC regulations since MNKD is in partnership with them ? Unless required by SEC , I have suspicions of the timing , anyone else agree or disagree? GL The timing of the announcement was likely dictated by the timing of signing the deal. As for the timing of the deal, I would have thought it would have been done in time to be a done deal by MNKD earnings call, but the pricing of the shares under the deal seem to go out to Aug 15. Might MNKD have their earnings call that late? |
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Post by gamblerjag on Jul 29, 2015 19:40:26 GMT -5
I agree... or hoping for no great news until late August.. The selfish side of me needs 30 more days again... Doing another refi cash out!!! last one in December... Missed the 3's last month but hoping to stay in 4's through August.
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Post by dstevenson on Jul 29, 2015 20:22:06 GMT -5
i was emailing matt a few times on monday, and as of monday he said its a high prioirty and they are busy working on the debt.
so like dreamboat said, they may have struck a deal and wanted it done asap and has nothing to do with timing prior to sny CC.
HOWEVER, is there any benefit of them (mannkind and or the holders of the debt) having the price go up before signing the deal? would it matter IF sny had announced something good during their CC regarding afrezza that they wanted to jump in now, versus dragging this out till the 15th? mannkind cc is on the 10th, so technically they could've waited another 11 days...just thoughts
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Post by noonen on Jul 29, 2015 21:07:52 GMT -5
I do not expect anything substantial. In fact, I would prefer the "no news is ..." scenario. Since today's news about the loan were translated to be good news which had a negative effect on the pps, I do not wish for good news (or any news) with similar effects. Can we guess how low the pps would go if Sanofi announces a buyout? May be a bit frustrated with good news Buyout at 25! Stock drops to .50. Par for the course. too soon? |
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