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Post by jeremg on Nov 13, 2015 13:31:43 GMT -5
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 They will need to offer the remaining 37mil shares on the open market, the latest SA article posted under "articles" here, seems to explain that they will be offering these shares on the open market over the next few days while simultaneously the indexes are buying up the remaining shares which they need for their weighting. If the price is able to keep stable for a couple more trading days, we should see them raise enough for funding through 2016. Like everything MNKD related, there is room for alot to go wrong with this hopeful outcome, we will know in the coming days. |
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macb
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Post by macb on Nov 13, 2015 13:40:32 GMT -5
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 They will need to offer the remaining 37mil shares on the open market, the latest SA article posted under "articles" here, seems to explain that they will be offering these shares on the open market over the next few days while simultaneously the indexes are buying up the remaining shares which they need for their weighting. If the price is able to keep stable for a couple more trading days, we should see them raise enough for funding through 2016. Like everything MNKD related, there is room for alot to go wrong with this hopeful outcome, we will know in the coming days. Ok, thanks. It would be nice to see something more concrete than seeking alpha speculation, even if that speculation seems reasonable. Hopefully we'll get another press release later today. |
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Post by kball on Nov 14, 2015 8:05:19 GMT -5
36 million is about one year of operations. if they burn 8-9 million a quarter. So lights on till end of march? I keep thinking about Hakan's statement during CC that they expect to announce something by "end of year"...which he immediately changed to "end of quarter". Pain partnership maybe brings in good news and even better money? Funny how after all of everyone's analysis over every detail, every day....all we're left with is continued speculation and uncertainty. After all is said and done I'm either going to end up considerably more wealthy...or considerably more dumb. |
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Post by kball on Nov 14, 2015 8:11:36 GMT -5
This is the most fascinating stock I've ever held, Sherlock Holmes himself wouldn't be able to figure out the next move. Hopefully Al is our Holmes. Mannkind's history is so intriguing, with interesting characters like Martin Shkreli, Adam F and the insider trading at FDA. One candidate I am thinking of is Barry Werth, who wrote "The Antidote: Inside the World of New Pharma" and "The Billion-Dollar Molecule: The Quest for the Perfect Drug", both were about Vertex, a bio-tech company. My vote is Dean Koontz |
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Post by gliu225 on Nov 14, 2015 8:33:16 GMT -5
Correct me if I'm wrong, but if the shares are purchased on the open market, MNKD would receive no cash for the transaction. It would put pressure on naked shorts but other than that it would not improve the financial health of the company, correct?
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Post by goyocafe on Nov 14, 2015 13:24:42 GMT -5
Correct me if I'm wrong, but if the shares are purchased on the open market, MNKD would receive no cash for the transaction. It would put pressure on naked shorts but other than that it would not improve the financial health of the company, correct? It would open the possibility of another offering at a higher PPS. Force the shorts to cover (long shot), and then bring in the offering. A little like flying a 747 through the Grand Canyon. |
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Post by tbone on Nov 14, 2015 15:12:11 GMT -5
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 They will need to offer the remaining 37mil shares on the open market, the latest SA article posted under "articles" here, seems to explain that they will be offering these shares on the open market over the next few days while simultaneously the indexes are buying up the remaining shares which they need for their weighting. If the price is able to keep stable for a couple more trading days, we should see them raise enough for funding through 2016. Like everything MNKD related, there is room for alot to go wrong with this hopeful outcome, we will know in the coming days. The SA article seemed full of inaccuracies. For one, they have ability to sell about another $37M worth of stock with ATM, not another 37 million shares. |
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Post by cathode on Nov 14, 2015 18:34:50 GMT -5
They will need to offer the remaining 37mil shares on the open market, the latest SA article posted under "articles" here, seems to explain that they will be offering these shares on the open market over the next few days while simultaneously the indexes are buying up the remaining shares which they need for their weighting. If the price is able to keep stable for a couple more trading days, we should see them raise enough for funding through 2016. Like everything MNKD related, there is room for alot to go wrong with this hopeful outcome, we will know in the coming days. The SA article seemed full of inaccuracies. For one, they have ability to sell about another $37M worth of stock with ATM, not another 37 million shares. Where are you getting this information? Agree the SA article is wrong regarding MNKD trying to sell 37M shares. The "remainder" from the TASE deal are now off the table, but I don't know where you are getting that they have $37M to sell. MNKD has ~550M shares in it's company, so there is ~100M shares that could be issued with the ATM and shelf registration right? They have 9M shares that were returned from BoA so those can be issued without dilution. |
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Post by kbrion77 on Nov 15, 2015 9:42:46 GMT -5
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Post by ezrasfund on Nov 15, 2015 13:57:05 GMT -5
This listing is the clearest indication I can find, maybe the only indication, that MNKD will not go bankrupt in the near future. There must have been some assurances because the fleecing of those ETF investors to the tune of $100 million would be a pretty big scandal IMO.
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Post by suebeeee1 on Nov 15, 2015 18:24:11 GMT -5
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