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Post by bradleysbest on Jan 5, 2016 10:11:05 GMT -5
What do you want to hear today from MNKD ?
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Post by rook1405 on Jan 5, 2016 10:13:56 GMT -5
A plan.. specifically, how cash flow and financing needs will be met
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Post by nugjuice on Jan 5, 2016 10:15:22 GMT -5
It's going to be all about tone and attitude for me. Obviously with this stock listening to what they're actually saying means nothing. It's all about the nonverbal communication.
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Post by Deleted on Jan 5, 2016 10:15:39 GMT -5
Theres really nothing that will make me at ease. They haven't been honest in who knows how long.
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Post by bill on Jan 5, 2016 10:18:36 GMT -5
A plan.. specifically, how cash flow and financing needs will be met Since SNY terminated the agreement, doesn't MNKD now get to book the $175 million from the up-front and milestone payments, less what they owe from the loan facility? If yes, then that probably adds over $100 million to their coffers. I think that gives them about a year's worth of cash to work with.
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Post by mnkdnewb on Jan 5, 2016 10:23:12 GMT -5
i THINK you are right about that. I've heard multiple times that if this partnership is dissolved that mannkind would hit the jackpot (not owe them anything else and accomlished milestone payments would be awarded) if it was SNY that pulled the plug and if MNKD pulled it that they would owe much or all of the losses... could be wrong though. If we end up with $100,000,000 cash out of this that would be a significant amount of money to start moving forward alone or buy us enough time to find another partner. Would we be debt free if that were to happen?
Hopefully someone else who knows more about this agrees or corrects me!
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Post by cretin11 on Jan 5, 2016 10:23:58 GMT -5
Pretty sure it doesn't work like that.
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Post by Deleted on Jan 5, 2016 10:26:11 GMT -5
Pretty sure it doesn't work like that. I agree. The SNY contract was totally in favor of SNY I highly doubt they would be giving money away.
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Post by bradleysbest on Jan 5, 2016 10:29:54 GMT -5
Financing going forward is my biggest concern. How do we keep the ship afloat until a new partner is found?
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Post by sf1981 on Jan 5, 2016 10:30:49 GMT -5
How in the world would MNKD pay for the long term safety study???
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Post by suebeeee1 on Jan 5, 2016 10:34:26 GMT -5
IF MNKD gets to book the milestone payments, they should have enough money to keep the ship afloat for well over two years. But, there expenses just became far higher. I don't see anyway they can do this alone. I expect they already have a waiting partner in the wings. They may not be able to announce that without SNYs permission though as the termination announcement has said that the termination can actually take 90-180 days. That could be a additional strain on the company...one they don't need.
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Post by silentknight on Jan 5, 2016 10:34:39 GMT -5
A plan.. specifically, how cash flow and financing needs will be met Since SNY terminated the agreement, doesn't MNKD now get to book the $175 million from the up-front and milestone payments, less what they owe from the loan facility? If yes, then that probably adds over $100 million to their coffers. I think that gives them about a year's worth of cash to work with. That's how I read the contract. The milestone payments, once achieved, are MNKDs money for meeting the terms of their obligations. If you back out what they owed in the loss sharing, (I want to say something around $40 million) that's still a hefty sum to add to the book. That is, assuming they haven't used it all already......
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Post by mindovermatter on Jan 5, 2016 10:35:01 GMT -5
How in the world would MNKD pay for the long term safety study??? and what happens to the pediatric study? Does it get halted and dissolved?
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Post by cretin11 on Jan 5, 2016 10:36:29 GMT -5
Booking the milestone $ isn't the same as actually having access to the $. My understanding is MNKD had access to it when it was paid, and has been able to spend it all along.
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Post by peppy on Jan 5, 2016 10:51:41 GMT -5
On the far side: if there is a new TS partner lined up, that could spark a short squeeze. A sale would spark a short squeeze. Hopefully these business people have been working on something. ---------------------------------------------------------------------------------------- The pediatric study, good question. The 4 week work looks to be done.
Guess Mannkind did not have to worry about qualifying Sanofi insulin.
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