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Post by trenddiver on Dec 10, 2015 11:30:02 GMT -5
All who believe or are concerned that Al is going to take MNKD private should be buying like crazy right now.
Trend
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Post by ezrasfund on Dec 10, 2015 11:39:51 GMT -5
If Al were to take MNKD private it would be as a debt holder not a stockholder. A buyout of equity would be financial suicide, as he can't even find enough cash now. Taking control in a Chapter 11 bankruptcy scenario might be possible with a partner like Bain Capital. That is what these guys do. Maybe shareholders would get a 1 for 1 swap of MNKD for MNKDQ warrants, good for 1 share (not 0.6!) at a price of $2.60 expiring in August of 2018?
Looking at this scenario shows why Mann's swap of debt of equity during the big dilution after the 2nd CRL was in fact a big vote of confidence by Al. By now his confidence is probably much less. Again, it is not about the science, it is about the finances, insurance reimbursement, regulatory issues, and changing the medical protocols; and time.
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Post by sportsrancho on Dec 10, 2015 11:52:00 GMT -5
All who believe or are concerned that Al is going to take MNKD private should be buying like crazy right now. Trend You got that right! |
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Post by trenddiver on Dec 10, 2015 11:58:08 GMT -5
If Al were to take MNKD private it would be as a debt holder not a stockholder. A buyout of equity would be financial suicide, as he can't even find enough cash now. Taking control in a Chapter 11 bankruptcy scenario might be possible with a partner like Bain Capital. That is what these guys do. Maybe shareholders would get a 1 for 1 swap of MNKD for MNKDQ warrants, good for 1 share (not 0.6!) at a price of $2.60 expiring in August of 2018? Looking at this scenario shows why Mann's swap of debt of equity during the big dilution after the 2nd CRL was in fact a big vote of confidence by Al. By now his confidence is probably much less. Again, it is not about the science, it is about the finances, insurance reimbursement, regulatory issues, and changing the medical protocols; and time. You are totally wrong about taking MNKD private as a debt holder for the following reasons: 1. The loan is an unsecured loan. 2. According to the Deerfield agreement, Al cannot demand payment from Mannkind until Deerfield is paid. 3. Al's legacy in a chapter 11? No way 4. As long as Al is paid interest, the loan is not in default. Trend |
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Post by trenddiver on Dec 10, 2015 12:08:42 GMT -5
All who believe or are concerned that Al is going to take MNKD private should be buying like crazy right now. Trend MNKD ON SALE!! Just bought 5,000 at 1.519. Large bid at 1.51 - 300k |
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Post by mssciguy on Dec 10, 2015 12:13:47 GMT -5
All who believe or are concerned that Al is going to take MNKD private should be buying like crazy right now. Trend MNKD ON SALE!! Just bought 5,000 at 1.519. Large bid at 1.51 - 300k why doesn't GSCO change their ticker to SEC One and the same. The government of the US should not criticize China or Russia or anywhere until the GSCO-SEC revolving door is bolted shut permanently. It's fraud on a colossal scale. Glad you got in at this price. I am still waiting... have some money in FSLR, solar will do very well when Wall Street encounters the flood. |
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Post by mnholdem on Dec 10, 2015 13:03:09 GMT -5
From Goldman-Sachs to Goldman-SEC? Not bad.
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Post by mssciguy on Dec 10, 2015 13:21:44 GMT -5
From Goldman-Sachs to Goldman-SEC? Not bad. I received a pm that someone from ymb was posting FUD here, not sure exactly if it's him, the person he is describing, or Shrkeli himself who dropped out of high school because he thought getting Fs was cooler than getting As (true fact, or so he says). The title of some of these posts are prejudicial, don't you think? Resembling ymb by the day. Don't get me wrong, there are legit posts on ymb at a rate of about 1/1000 but I have better things to do... You might too. Most people these days just skim, rarely read or think. So headlines grab attention. FUD free zone? |
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Post by mnholdem on Dec 10, 2015 13:44:35 GMT -5
Brian: "Not a goddamned thing any one of those professors says makes a difference on the street."
Doug: "If you know that, you're ready to graduate."
Tom Cruise (Brian), Cocktail 1988
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I do have a day job, and the time I have to peruse the board varies. Thankfully, there is a tag team dedicated to serve members here.
It is amazing how many new members joined Pro-Boards in 2015. It might feel like moving from a small town (where you know everybody) to a big city... but I like it here.
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Post by ezrasfund on Dec 10, 2015 13:54:35 GMT -5
If Al were to take MNKD private it would be as a debt holder not a stockholder. A buyout of equity would be financial suicide, as he can't even find enough cash now. Taking control in a Chapter 11 bankruptcy scenario might be possible with a partner like Bain Capital. That is what these guys do. Maybe shareholders would get a 1 for 1 swap of MNKD for MNKDQ warrants, good for 1 share (not 0.6!) at a price of $2.60 expiring in August of 2018? Looking at this scenario shows why Mann's swap of debt of equity during the big dilution after the 2nd CRL was in fact a big vote of confidence by Al. By now his confidence is probably much less. Again, it is not about the science, it is about the finances, insurance reimbursement, regulatory issues, and changing the medical protocols; and time. You are totally wrong about taking MNKD private as a debt holder for the following reasons: 1. The loan is an unsecured loan. 2. According to the Deerfield agreement, Al cannot demand payment from Mannkind until Deerfield is paid. 3. Al's legacy in a chapter 11? No way 4. As long as Al is paid interest, the loan is not in default. Trend I thought if the day ever came when MNKD couldn't pay its bills, someone (Bain-like, SNY, other big pharma) would buyout the bondholders. I also thought that debt to the Mann Group was last in line for repayment, but not unsecured? Would Al prefer to keep a stake in MNKD or have the debt repaid? |
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