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Post by jeremg on Dec 3, 2015 23:16:54 GMT -5
As mentioned several times on other threads, MNKD already has enough financial options to avoid bankruptcy for several quarters even without any Afrezza milestone payments or TS partnership cash. They had sufficient cash in hand for one more quarter. Then they got another quarter's worth of cash from the TASE indices. They also have a third quarter's worth of cash from Mann group loan. Finally, they can raise enough cash for another quarter with the ATM. While they need to keep $25M on deposit, I've read that it doesn't need to be there until the end of the quarter. If true, the above carries MNKD for 4 quarters. Obviously, they will not go into bankruptcy as long as they have options remaining. I for one would rather us not have a MNKD shutdown scare every few months, they need to do a secondary before the share price deteriorates further, and they likely will. This financing nonsense that's gone on for too long is kindof like a catch-22, the closer they allow us to insolvency (with only a few months cash as you have described) the lower the PPS will go and the more difficult it will be to finance in the future (not to mention the fact a lower PPS means more dilutive to shareholders).
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Post by ricguy on Dec 4, 2015 8:34:38 GMT -5
I think the secondary offering domestic was a foregone conclusion the day after the TASE failing. I thought the lack of discussion about this was due to the fact that it was just understood... This is why I've been amazed at the people still saying they are accumulating right now, apparently dilution isn't a thought for them(?), I've often wondered why anyone would buy before as opposed to after a) secondary financing allowing peace of mind that MNKD will survive financially for another year and b) dilution to shares purchased. I suspect the next planned bear raid will take us under $2 related to the coming secondary offering. Diluton has definitley come into my thought process. Guess what-prepare to be amazed again-I'm still accumulating :-) Your not alone in the amazement camp though not just because of the secondary but because of the slew of other things that have been getting rehashed on a daily basis. Some people are amazed that anyone would invest here at all even after secondary. I agree that we will most likely go under $2 as I stated with tax selling and I could be leaving $ on the table by buying to soon. Part of this is I'm going with my instincts and following them and I've done very well for myself up until this point.
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Post by gcozz on Dec 4, 2015 10:01:52 GMT -5
As mentioned several times on other threads, MNKD already has enough financial options to avoid bankruptcy for several quarters even without any Afrezza milestone payments or TS partnership cash. They had sufficient cash in hand for one more quarter. Then they got another quarter's worth of cash from the TASE indices. They also have a third quarter's worth of cash from Mann group loan. Finally, they can raise enough cash for another quarter with the ATM. While they need to keep $25M on deposit, I've read that it doesn't need to be there until the end of the quarter. If true, the above carries MNKD for 4 quarters. I may be missing something here, but it seems that everyone assumes that MNKD was unsuccessful in raising the funds that they intended to raise thru the sale to the ETF's on the TASE. As I understand it, they were only able to directly place approx a quarter of the shares with the funds. If the calculation was that MNKD would raise $100M + by placing 50 million shares with these index mimicking funds ans only placed approx a quarter of that amount, then the funds needed to get the balance of those shares on the open market. Who says that the balance of the required shares weren't simultaneously sold by MNKD into the open market and purchased by the funds.
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Post by mssciguy on Dec 4, 2015 10:06:12 GMT -5
As always, the company will not communicate. People are getting screwed.
Including me. Warrants down 40% this morning. Worthless.
I did buy more. Again.
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Post by jeremg on Dec 4, 2015 10:50:01 GMT -5
And we crushed support @ $2 , what a surprise. Goldman's price target here we come, what a coincidence.
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Post by mssciguy on Dec 4, 2015 10:55:46 GMT -5
And we crushed support @ $2 , what a surprise. Goldman's price target here we come, what a coincidence. prntscr.com/9a9yyvEven at this snail's pace, this will be a blockbuster by 2020. The refill numbers don't like, but the nRx and tRx do (distorted by free samples and insurance hassles)
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Post by dictatorsaurus on Dec 4, 2015 11:00:22 GMT -5
Time to go long? I think not. Time for management to speak up and take charge? I think so.
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Post by jeremg on Dec 4, 2015 11:01:28 GMT -5
I think the secondary offering domestic was a foregone conclusion the day after the TASE failing. I thought the lack of discussion about this was due to the fact that it was just understood... This is why I've been amazed at the people still saying they are accumulating right now, apparently dilution isn't a thought for them(?), I've often wondered why anyone would buy before as opposed to after a) secondary financing allowing peace of mind that MNKD will survive financially for another year and b) dilution to shares purchased. I suspect the next planned bear raid will take us under $2 related to the coming secondary offering. Diluton has definitley come into my thought process. Guess what-prepare to be amazed again-I'm still accumulating :-) Your not alone in the amazement camp though not just because of the secondary but because of the slew of other things that have been getting rehashed on a daily basis. Some people are amazed that anyone would invest here at all even after secondary. I agree that we will most likely go under $2 as I stated with tax selling and I could be leaving $ on the table by buying to soon. Part of this is I'm going with my instincts and following them and I've done very well for myself up until this point. Well I hope you held off on doing most of your MNKD holiday shopping until today at least, this is like the Black Friday stock sale. Currently @ $1.95, we're now cheap enough to be sold at the Dollar General, maybe that's the big partnership being negotiated behind the scenes
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Post by kball on Dec 4, 2015 11:03:36 GMT -5
I'll say it--My biggest fail in over 30 years investing. Anyone else wanna copp?
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Post by ricguy on Dec 4, 2015 11:04:27 GMT -5
Diluton has definitley come into my thought process. Guess what-prepare to be amazed again-I'm still accumulating :-) Your not alone in the amazement camp though not just because of the secondary but because of the slew of other things that have been getting rehashed on a daily basis. Some people are amazed that anyone would invest here at all even after secondary. I agree that we will most likely go under $2 as I stated with tax selling and I could be leaving $ on the table by buying to soon. Part of this is I'm going with my instincts and following them and I've done very well for myself up until this point. Well I hope you held off on doing most of your MNKD holiday shopping until today at least, this is like the Black Friday stock sale. Currently @ $1.95, we're now cheap enough to be sold at the Dollar General, maybe that's the big partnership being negotiated behind the scenes Black Friday indeed :-)
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Post by ricguy on Dec 4, 2015 11:06:32 GMT -5
I'll say it--My biggest fail in over 30 years investing. Anyone else wanna copp? I see you went from 3rd to 4th largest holding, you dumped most of your shares? Your changing of pics is really funny lol.
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Post by kball on Dec 4, 2015 11:08:41 GMT -5
I'll say it--My biggest fail in over 30 years investing. Anyone else wanna copp? I see you went from 3rd to 4th largest holding, you dumped most of your shares? Your changing of pics is really funny lol. Haven't sold any shares. All based on falling SP
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Post by jimo on Dec 4, 2015 11:08:47 GMT -5
Me too Kball, I made many mistake with this one.
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Post by mssciguy on Dec 4, 2015 11:09:38 GMT -5
I'll say it--My biggest fail in over 30 years investing. Anyone else wanna copp? If you are in for a few years more you'll do well, in my opinion. My guess is that the covering will be done through call options -- look at the Jan open interest... If you didn't see this yet, I did a projection of sales based on the refill data we have so far... prntscr.com/9a9yyvAlmost certainly it will happen faster than this, unless SNY truly is trying to fail (that seems so completely absurd and even fradulent, not likely) My warrants are toast, unless MNKD/SNY do a Hail Mary and bump up the stock price by Feb 2016
Come on, pull an Aaron Rodgers Hail Mary Pass
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Post by mssciguy on Dec 4, 2015 11:17:15 GMT -5
Does anyone else but me that was watching the price action this morning feel like they were a witness at a crime scene?
For those of us lucky enough to get in at or near the bottom, cheers!
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