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Post by ashiwi on Oct 8, 2015 12:02:46 GMT -5
Debt has been settled.
Combo of Cash, Stock etc
More info at quarterly call.
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Post by formermnkdemployee on Oct 8, 2015 12:03:15 GMT -5
It's impossible to hear the questions from the audience.
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Post by bradleysbest on Oct 8, 2015 12:04:58 GMT -5
The TS time line keeps getting further & further away. Afrezza scripts either pick up or we are sunk!
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Post by mnkdorbust on Oct 8, 2015 12:05:14 GMT -5
Did anyone catch the last question regarding stake? Matt's answer was not as of yet but i didn't hear the question completely.
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Post by compound26 on Oct 8, 2015 12:05:24 GMT -5
It appears about 50% of the $100 million convertible debt (so around $50 million) was paid off with cash.
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Deleted
Deleted Member
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Post by Deleted on Oct 8, 2015 12:06:27 GMT -5
To me Matt sounded nervous / short of breath and flying by seat of pants. Why participate in conference if you can't put a good foot forward unless Aegis arranged for some of the debt to be purchased. It is like Matt couldn't wait to be done. Hopefully he is being instructed to speak but say nothing.
Don't they have to issue some release to say the debt instrument has been taken care of?
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Post by tonyz on Oct 8, 2015 12:06:53 GMT -5
Interesting last question if I heard it right... Does Sanofi have a stake (in MNKD?) Answer: "They don't have a stake as yet."
Seems to imply they might in the future,
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Post by mnkdorbust on Oct 8, 2015 12:08:37 GMT -5
Matt did sound and was rushed but his time was supposed to be 30 min to cover prepared material and he only got about 15 due to "technical issues"
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Post by rch51 on Oct 8, 2015 12:08:39 GMT -5
Due to technical issues audio was cut off for the first few minutes. What I did hear was a lot of very careful and rather accelerated dialogue from Matt that was meant to convey confidence that MNKD is on the right track. The problem is I didn't hear anything that convinced me that there is a lot of confidence internally. The time lines are squishy. The roll out time line for Technosphere is scary, especially for those investors who do not have a 5 investment horizon. I'm glad to hear that the debt issue has been put to bed, but I fear that without specifics this issue is going to be kerosine on the fire to shorty. It's sad that Matt had to rush through his presentation, it through him off his game I think. I would give this CC a neutral - not bad, not good.
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Post by bradleysbest on Oct 8, 2015 12:09:03 GMT -5
Agree Tony.... I think the question was has SNY bought into MNKD ?
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Post by bradleysbest on Oct 8, 2015 12:09:57 GMT -5
We need scripts to increase or SNY to buy into MNKD........ I am praying for both!
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Post by savzak on Oct 8, 2015 12:10:00 GMT -5
To me Matt sounded nervous / short of breath and flying by seat of pants. Why participate in conference if you can't put a good foot forward unless Aegis arranged for some of the debt to be purchased. It is like Matt couldn't wait to be done. Hopefully he is being instructed to speak but say nothing. Don't they have to issue some release to say the debt instrument has been taken care of? I got the strong impression that he understood he was on a strictly tight time frame. Right at the beginning he started with the apology for the delay and said he'd need to go fast given the time allotted. He clearly felt like he was up against a hard break at the end when he cut himself off for questions. I got the feeling that he knew that when the time expired, he was really finished. I do agree though that at the end he sounded like he wanted to be done with it but I suspect it was more related to the nature of the restrictions and limitations on his time and what it forced him to do in terms of a rush job than anything else. |
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Post by harrys on Oct 8, 2015 12:10:17 GMT -5
I think it's safe to assume today AH will finally be the day where we get a release of Debt Resolution info...
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Post by factspls88 on Oct 8, 2015 12:10:57 GMT -5
To me Matt sounded nervous / short of breath and flying by seat of pants. Why participate in conference if you can't put a good foot forward unless Aegis arranged for some of the debt to be purchased. It is like Matt couldn't wait to be done. Hopefully he is being instructed to speak but say nothing. Don't they have to issue some release to say the debt instrument has been taken care of? Matt sounded rushed or nervous because he lost 15 minutes of presentation time due to technical difficulties with their video. |
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Post by formermnkdemployee on Oct 8, 2015 12:12:44 GMT -5
He clearly said (twice) that he had to rush because his time was cut short due to technical issues in the beginning. That's why he was hurried and out of breath.
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