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Post by parrerob on Nov 12, 2015 18:32:29 GMT -5
More relaxed now.
My points here are:
1) Israel ETF funds is fine now with what they needed
2) MNKD too
3) If ETF funds needed really 50 million shares it means there are now 36 million shares less to short but MAINLY LESS SHARES TO COVER (It was a disaster before, imagine the situation now !). They were waiting for new shares in the float .... no no ..... at the end MNKD took away shares from the float.
4) TS Partnership finally announced within the end of the year or better within next quarter. Imagine a normal company declaring this during an earning call..... Did some one saw 1 ? meaning 1 ? article speaking about that ?
5) Cash will be cover by point 4. Some by Afrezza (You do not have to be at break even to get some money from there). and if needed there are 9 million shares returned.
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Post by boytroy88 on Nov 12, 2015 20:01:02 GMT -5
You have to be a premium member of this message board in order to get that type of classified info. I heard over on YMB that once you hit three stars here you get a few minutes with the board crystal ball, that's why I finally took the plunge and created an account. How many posts to get to three stars?
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Post by jeremg on Nov 12, 2015 20:17:00 GMT -5
I heard over on YMB that once you hit three stars here you get a few minutes with the board crystal ball, that's why I finally took the plunge and created an account. How many posts to get to three stars? Coincidentally when I posted this I think it bumped me to three stars, so I guess 50 posts/comments? Now I just need to find the prize room and cash in some of these points for shares. [JK]
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Post by liane on Nov 12, 2015 20:32:10 GMT -5
Now I just need to find the prize room and cash in some of these points for shares. [JK] Make sure you tell me when you find it.
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Post by kc on Nov 12, 2015 22:53:26 GMT -5
Okay, I'm confused. Do the ETFs have to purchase a certain amount of shares or are they already done with it and the amount reported of 13mil+ it? The ETFs have to purchase a certain amount based on current value for proper market weighing. So they chose to purchase 13mil through the offering and will be purchasing the rest on the open market (not through MNKD's offering). They have until Sunday to purchase as many shares as the need to purchase on the open market. This will conceivably benefit the PPS but only raised $33mil for MNKD. The good news is that the ETF funds would not be purchasing shares if they were concerned about the long-term future viability of the company. This puts to rest the Adam F. theory that the sky is falling on the company.
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Post by boytroy88 on Nov 12, 2015 23:25:36 GMT -5
I guess I have to start posting more questions...
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Post by mdcenter61 on Nov 13, 2015 10:20:58 GMT -5
well it looks like many will be able to get in below 2.50 early next week.. .. hopefully I will be one of them. Looks like you don't have to wait until next week, Gambler! ?
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Post by kbrion77 on Nov 13, 2015 10:35:31 GMT -5
Starting to wonder who has bigger friends over in Israel, Al or Goldman.
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Post by rrtzmd on Nov 13, 2015 10:44:04 GMT -5
The ETFs have to purchase a certain amount based on current value for proper market weighing. So they chose to purchase 13mil through the offering and will be purchasing the rest on the open market (not through MNKD's offering). They have until Sunday to purchase as many shares as the need to purchase on the open market. This will conceivably benefit the PPS but only raised $33mil for MNKD. The good news is that the ETF funds would not be purchasing shares if they were concerned about the long-term future viability of the company. This puts to rest the Adam F. theory that the sky is falling on the company. As I understand it, the ETFs were mandated to buy MNKD once it became listed. That was the gripe in some of the Israeli articles I quoted previously -- MNKD only listed there in order to take advantage of TASE rules to raise money. Indeed, some of the complaints had to do with Israeli investors being forced to accept the risk of MNKD's "future viability."
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Post by mindovermatter on Nov 13, 2015 10:47:41 GMT -5
Starting to wonder who has bigger friends over in Israel, Al or Goldman. Isn't it obvious? One has 100s of billions in asssets. The other has less than a billion. GS runs the show. Al is just a spectator. Sad that GS has the power to manipulate without any repercussions.
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Post by ezrasfund on Nov 13, 2015 12:49:47 GMT -5
My hope is that this listing on TASE and the mandatory buy in by the funds is backed up by some assurance that MNKD will not be bankrupt in the near future. I am not sure that sales will pick up before the money runs out, but maybe someone is. The real scandal would be if after getting on the exchange MNKD soon went bankrupt.
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Post by jeremg on Nov 13, 2015 12:56:24 GMT -5
My hope is that this listing on TASE and the mandatory buy in by the funds is backed up by some assurance that MNKD will not be bankrupt in the near future. I am not sure that sales will pick up before the money runs out, but maybe someone is. The real scandal would be if after getting on the exchange MNKD soon went bankrupt. Once they have the cash form the offering in their hands I believe we will gain another 12 months on the clock (more or less depending on the other 37mil PPS), $120mil seems like a pretty good assurance MNKD will not be bankrupt in the near future. Whether the sales pick up before the money runs out again is another story, I am not encouraged by script numbers.
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Post by mssciguy on Nov 13, 2015 13:04:07 GMT -5
We're stuck in a dark pool now. When the shorts want to cover, they can do it at a fixed, low price.
Don't you just love the free maaaaket? Freer for some than others.
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Post by BlueCat on Nov 13, 2015 13:21:27 GMT -5
Now I just need to find the prize room and cash in some of these points for shares. [JK] Make sure you tell me when you find it. That Kitty. Just watching it while reading and writing at the board inserts a vocal track into the thought process, e.g. your question - when/where to find it …. "Look in the cabinet!" <wash, wash, wash>. "Did you check under the desk?" <wash, wash> "How about in the trunk of the car?" <wash, wash, wash, wash> ….. Certainly keeps it all in perspective.
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macb
Newbie
Posts: 4
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Post by macb on Nov 13, 2015 13:25:12 GMT -5
My hope is that this listing on TASE and the mandatory buy in by the funds is backed up by some assurance that MNKD will not be bankrupt in the near future. I am not sure that sales will pick up before the money runs out, but maybe someone is. The real scandal would be if after getting on the exchange MNKD soon went bankrupt. Once they have the cash form the offering in their hands I believe we will gain another 12 months on the clock (more or less depending on the other 37mil PPS), $120mil seems like a pretty good assurance MNKD will not be bankrupt in the near future. Whether the sales pick up before the money runs out again is another story, I am not encouraged by script numbers. Where do you get $120 million? The press release yesterday said mnkd raised 36.2 million, while the etfs are expected to purchase the remaining shares on the open market. (I expected volume to be much higher today because of this but that's a side issue) $120 million obviously allows much more time to turn things around than 36
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