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Post by mssciguy on Nov 27, 2015 17:47:13 GMT -5
Thank heavens Adam F probably knows nothing about MNKDW because he would surely offer this up as proof of the End of the World for MNKD  prntscr.com/97qogwWhat does this say about the stock price from now until Feb 2016? |
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Post by jeremg on Nov 27, 2015 18:08:44 GMT -5
Either everyone's Black Friday shopping today or the last of the capitulation has taken place. I don't even know what warrants are (I'm assuming related to options(?)) but that chart doesn't look very positive.
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Post by tbone on Nov 27, 2015 18:28:07 GMT -5
Well, since each gives you the right to buy .6 shares at a price per share of $2.40, it takes 1.67 warrants to buy 1 share at 2.40. If you pay 19 cents a piece that means you would need to see 2.72 by Feb just to break even. Upon expiration, they have a value of (MNKD share price-2.40) X .6
Paying 19 cents for them here means you would need to expect a 30% gain in share price by early Feb just to keep from losing! That's only a little more than 2 months away. As long as share price hangs in the low twos the warrants will continue to drift toward zero.
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Post by tbone on Nov 27, 2015 18:31:10 GMT -5
And I'm sure Mr. Stain knows all about them.
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Post by trenddiver on Nov 27, 2015 18:31:00 GMT -5
Pretty obvious. Warrants expire in Feb 16 . Each warrant entitles holder to buy .6 shares at $2.40. At this point, the warrants are underwater. If I remember many shorts bought warrants as hedge. If warrants expire worthless, perhaps less shares available for shorts to cover with.
Trend
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Post by mssciguy on Nov 27, 2015 18:33:35 GMT -5
Pretty obvious. Warrants expire in Feb 16 . Each warrant entitles holder to buy .6 shares at $2.40. At this point, the warrants are underwater. If I remember many shorts bought warrants as hedge. If warrants expire worthless, perhaps less shares available for shorts to cover with. Trend A silver lining! Thanks I needed that. |
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Post by biotec on Nov 28, 2015 6:59:23 GMT -5
I myself own 3000 warrants (I'm glad that's it) If nothing happens before Fed 2nd these warrants are trash. Way back on the old forum Agon, There was a guy that was buying all he could, I think he had 100,000 plus or so. I hope he sold then this summer.
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Post by liane on Nov 28, 2015 7:11:41 GMT -5
I seem to recall someone posting that not many warrants are still outstanding (most already exercised?). You would probably have to search through the quarterly report to find this; I don't have the time right now.
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Post by mnkdfann on Nov 28, 2015 10:39:15 GMT -5
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