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Post by jbe on Jan 13, 2016 20:03:36 GMT -5
They will report that they are looking into new cash infusion (they bought a powerball ticket and are hopeful). BTW, if I win powerball, I plan to buy mnkd, and slash the price of afrezza in half, I cannot think of a better way to help so many people in need. I will keep Matt on though, as I will still need a CEO, CFO, secretary, security guard and janitor. if you were lucky enough to win the Powerball, the most idiotic thing you could do is to dump any money into Mannkind. The ship is sinking and no one knows if Matt can plug the holes fast enough before it takes on too much water. I guess I will burn that bridge if I am lucky enough to come to it ! (To mix up metaphors)
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Post by slugworth008 on Jan 13, 2016 20:30:54 GMT -5
I'd take a 5% equity position and request a seat on the board. Doesn't seem like good strategy to me. That likely wouldn't change anything. If I won the powerball I'd broker a deal to invest about $300M in a secondary if I were to invest at all. Putting that amount of money into MNKD coffers could significantly change their probability of success. Buying 5% on open market would seem far less attractive risk/reward. I should explain my philosophy on lottery, however. If I'm really lucky enough to be the winner, I figure I ought to find the winning ticket as I'm walking down the sidewalk. It is only a few extra digits of statistical improbability. I'll post if I stumble across it. [and please no one be a Debbie Downer and tell me it won't happen] LMAO - good one and I hope the hell you do find it! Remember - I'm an excellent driver
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