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Post by irrationalexubera on Nov 10, 2015 14:42:07 GMT -5
nice. thank you.
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Post by robsacher on Nov 10, 2015 15:16:38 GMT -5
If we assume that the cash obtained through Israeli ETFs would be 140 mln + 30 mln currently available = USD 170 mln. This is sufficient for appr. 5.5 quarters (cash burn 30 mln per quarter) i.e. until the very beginning of 2017. In order to avoid further dilution the following should happen: 1. Afrezza sales reach USD 343 mln – 35% profit split with SNY is USD 120 mln which will secure the existence of MNKD. 2. MNKD receives further milestone payments, but since they are mainly sales based they are closely related and can add value to point 1. I don’t want to sound negative (just to give objective opinion) but at the current sales growth, I really doubt if the sales can reach 343 mln in one year. MNKD will net less than 100 million. PPS will likely be about 2.15 at tomorrow's close. TASE gets to buy stock @ 97%, or about 2.08. MNKD will net about 95% (after broker fees) or about $1.98 for at maximum, 50 million shares. Shorts will drive down PPS nearly 10% both today and tomorrow. Sad but true. What do you think will happen on Nov. 13th?
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Post by james on Nov 10, 2015 15:21:56 GMT -5
The share price is acting exactly as theory says it should. Currently down 12% to reflect the 12% dilution.
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Post by alethea on Nov 10, 2015 16:18:03 GMT -5
MNKD will net less than 100 million. PPS will likely be about 2.15 at tomorrow's close. TASE gets to buy stock @ 97%, or about 2.08. MNKD will net about 95% (after broker fees) or about $1.98 for at maximum, 50 million shares. Shorts will drive down PPS nearly 10% both today and tomorrow. Sad but true. What do you think will happen on Nov. 13th?Boy I don't know. I was wrong about today. I thought the PPS decline would surely be less than 10%. Since it was down 12.55% today, isn't that supposed to mean that shorting is significantly restricted tomorrow? However, I'm no trading expert and I still think we'll see more shorting tomorrow. What few SEC rules that remain do not seem to enforced.....EVER. I'm deeply cynical. I think Wall Street is utterly criminal and is not subject to or does not abide by any government rules and regulations. I think crooked shorts have just succeeded in vastly reducing MNKD's capital raise.I don't know about Nov 13th. I do think that most of the Jan 2016 calls will expire worthless. The PPS will likely languish without much gain until after next January.
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Post by morfu on Nov 10, 2015 20:28:57 GMT -5
The share price is acting exactly as theory says it should. Currently down 12% to reflect the 12% dilution. Well.. if I were an Israeli ETF about to buy 50k shares, I would short 10k or 20 in order to half the price... just saying...
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Post by james on Nov 10, 2015 20:59:11 GMT -5
Nonsense; ETFs are passive actors. People are loosing their minds around here.
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Post by boytroy88 on Nov 11, 2015 5:31:53 GMT -5
Just check TASE and MNKD is up 11% over there. Will that translate to our market later???
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Post by whanley7 on Nov 11, 2015 9:57:55 GMT -5
^we were up decent amount in PM and then got crushed as soon as mrkt opened for the capital raise
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Post by kbrion77 on Nov 11, 2015 10:00:06 GMT -5
Just check TASE and MNKD is up 11% over there. Will that translate to our market later??? Was up 9% at one point on TASE and now down 8%, I just don't know what to even think anymore.
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Post by whanley7 on Nov 11, 2015 10:02:47 GMT -5
AF just tweeted that the Israelis just cancelled the financing, wtf?
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Post by factspls88 on Nov 11, 2015 10:30:02 GMT -5
I would have expected a trading halt if AF's story were confirmed but who knows what the truth is. This is unbelievable. The desire by some players to see mannkind fail must be pretty powerful. If this is nothing but a false rumor then AF is toast.
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Post by steve on Nov 11, 2015 11:46:14 GMT -5
I just added a 100 shares at $1.88..
Is there any truth to this rumor about the TASE cancelation??? Would like to add more
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