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Post by afrizzle on Nov 9, 2015 16:57:26 GMT -5
And tomorrow we'll see if this was priced in and part of the recent slide or if there's more sliding to come.
I'm already in deep but am moving some things around to make room.
I'm going to consciously violate my "no single stock of more than 10% of net worth rule" if this thing goes on sale much deeper.
Too bad we didn't plan ahead and dilute when we were trading at 7 or so.
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Post by fedakd on Nov 9, 2015 17:05:36 GMT -5
But let's not take it out on management.... Promise no dilution after FDA approval when most biotech historically dilute, no wait till stock price is abysmal. So the future of MNKD is so bright, we sell 10% of it for $100M? Kick in the teeth for anyone believing Al Mann could get on his horse and save MNKD again. Management out! We are so done. |
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Post by silentknight on Nov 9, 2015 17:16:18 GMT -5
This. Exactly.
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Post by jefferson on Nov 9, 2015 17:19:12 GMT -5
Silent knights input has been Invaluable |
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Post by caveintemptor on Nov 9, 2015 17:20:22 GMT -5
A key mention in the call is that Israeli index funds CANNOT lend their shares.
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Post by tbone on Nov 9, 2015 17:28:00 GMT -5
And shorts can't short additional shares looking to cover with the offering. While I don't like selling 50 million in the 2s, I like BK less
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Post by scottiemac on Nov 9, 2015 17:43:33 GMT -5
Yes, they are required to hold it as long as MNKD is on the index, shares are NOT available for lending (no shorting)
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Post by purge on Nov 9, 2015 17:45:43 GMT -5
It looks like we had the wool pulled over our eyes once again.
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Post by mbseeking on Nov 9, 2015 18:00:34 GMT -5
The financing is very clever. Seriously clever. MNKD now has fresh capital that cant be shorted. IF you believe in AFrezza and TS I'm not sure why this is not a positive. Kudos to Matt.
SNY is not focussed on Afrezza. It has too many things on its plate and a CEO who is not committed. Hakan has confirmed that insurance is now the single biggest issue. There is still no plan whatsoever on when and how this will be addressed.
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Post by dreamboatcruise on Nov 9, 2015 18:10:32 GMT -5
The financing is very clever. Seriously clever. MNKD now has fresh capital that cant be shorted. IF you believe in AFrezza and TS I'm not sure why this is not a positive. Kudos to Matt. SNY is not focussed on Afrezza. It has too many things on its plate and a CEO who is not committed. Hakan has confirmed that insurance is now the single biggest issue. There is still no plan whatsoever on when and how this will be addressed.This is highly likely way off base. There is granted no publicly disclosed plan, but quite frankly I would never expect a pharma to disclose anything about how they are negotiating business deals while they are active. What sort of plan do you want to hear... "We fully expect to have restrictions removed by XXX because we are planning to agree to whatever price concessions demanded before then"? Come on... would you run your business that way? I certainly wouldn't. |
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Post by bill on Nov 9, 2015 18:46:04 GMT -5
The financing is very clever. Seriously clever. MNKD now has fresh capital that cant be shorted. IF you believe in AFrezza and TS I'm not sure why this is not a positive. Kudos to Matt. SNY is not focussed on Afrezza. It has too many things on its plate and a CEO who is not committed. Hakan has confirmed that insurance is now the single biggest issue. There is still no plan whatsoever on when and how this will be addressed. And, how much money do you think MNKD will raise if the stock price tanks between now and the 12th? As the stock price declines, MNKD's market cap declines. As the market cap declines their representation in the TASE indices declines proportionately. As their percentage representation declines the indices will purchase fewer shares at a lower price. My guess is that MNKD may only get 25% of the what's described in the prospectus if they get unlucky. I wish I could figure out some angle that would justify keeping the stock price level through Friday, but I'm guessing the shorts are going to have a field day for the rest of the week. And, I'm a long / strong holder of shares. Sigh... Please, someone convince me I'm wrong. |
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Post by parrerob on Nov 9, 2015 18:48:35 GMT -5
The financing is very clever. Seriously clever. MNKD now has fresh capital that cant be shorted. IF you believe in AFrezza and TS I'm not sure why this is not a positive. Kudos to Matt. SNY is not focussed on Afrezza. It has too many things on its plate and a CEO who is not committed. Hakan has confirmed that insurance is now the single biggest issue. There is still no plan whatsoever on when and how this will be addressed. I believe it is positive too but We are paying more then 10% of our market cap this clever service. This is the negative side. |
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Post by mbseeking on Nov 9, 2015 19:33:15 GMT -5
I'm not so sure the price will go down the next few days before the 12th, nor that the Shorts are motivated to do that. Though not on the SHO list currently , MNKD was until a couple of days ago.. indicating the Shorts had nearly exhausted available shares to short. Second, why would they want to drive down the price to allow a new strategic Long to get a lower price - that's simply giving a Long (TASE indices ) what that want - a lower entry price.
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Post by cfield23 on Nov 9, 2015 19:38:39 GMT -5
I'm not so sure the price will go down the next few days before the 12th, nor that the Shorts are motivated to do that. Though not on the SHO list currently , MNKD was until a couple of days ago.. indicating the Shorts had nearly exhausted available shares to short. Second, why would they want to drive down the price to allow a new strategic Long to get a lower price - that's simply giving a Long (TASE indices ) what that want - a lower entry price. They would want to drive down the price because MNKD will only sell 50M shares. So at $3/share, MannKind makes $150M minus the financing fees of $0.10/share. At $2/share, it's $100M. |
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Post by ricguy on Nov 9, 2015 19:45:03 GMT -5
Silent knights input has been Invaluable Yep I suggest he applies for a position in MNKD mgmt, a step up for them! |
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