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Post by LosingMyBullishness on Jan 27, 2016 10:34:58 GMT -5
Most of the days start with some shares available to borrow for shorting ( 75k -200k). Today was different (probably due to the heavy after hours buy). It started today with 0 shares available (according to IB).
Borrow rate increased from around 74% to 98%.
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Post by Deleted on Jan 27, 2016 10:37:51 GMT -5
Its a bleep on the radar for them. What are they sitting on 740% profit vs 800%?
A week of this and I will agree with you.
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Post by Deleted on Jan 27, 2016 10:39:59 GMT -5
Its a bleep on the radar for them. What are they sitting on 740% profit vs 800%? A week of this and I will agree with you. any word on the rumors from hedgie buddy? |
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Post by suebeeee1 on Jan 27, 2016 10:43:23 GMT -5
Who knows?. This may be nothing more than a concerted effort to move the sp up in order to move it down again.
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Post by BlueCat on Jan 27, 2016 10:47:36 GMT -5
Buy rumor, sell news. Sink it with cc when no BO is announced.
Ayuh. Been to this party before. But enjoying the EXTREMELY expensive entertainment all the same. And hoping to be pleasantly surprised.
Though, I do wonder if the cc yields constructive/positive information, we may return back to our $1.50 range pre-SNY ditch.
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Post by Deleted on Jan 27, 2016 10:50:05 GMT -5
My buddy told me they are planning to cover but they arent sitting on the same profits as a lot of other institutions. They think AL Mann is behind the rumors, RLS. Its really frustrating to hear some days. We have actually had heated arguments over this stock....
They went short right before dual listing on TASE. He warned me (Jewish connections in Israel)dual listing on TASE was for an offering but I let the social media longs influence me to stay in it. Was called a short on seeking alpha when I brought this up too.
My cousin is a VP at a hedge fund and my other cousin owns an index. I am trying to understand what the real scoop is behind the tax loss carry forward and if it is viewed as an asset or point of negotiation on a sale of the company.
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Post by Deleted on Jan 27, 2016 10:59:40 GMT -5
My buddy told me they are planning to cover but they arent sitting on the same profits as a lot of other institutions. They think AL Mann is behind the rumors, RLS. Its really frustrating to hear some days. We have actually had heated arguments over this stock.... They went short right before dual listing on TASE. He warned me (Jewish connections in Israel)dual listing on TASE was for an offering but I let the social media longs influence me to stay in it. Was called a short on seeking alpha when I brought this up too. My cousin is a VP at a hedge fund and my other cousin owns an index. I am trying to understand what the real scoop is behind the tax loss carry forward and if it is viewed as an asset or point of negotiation on a sale of the company. Mannkind is on record saying Al is not behind RLS |
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Post by Deleted on Jan 27, 2016 11:07:10 GMT -5
My buddy told me they are planning to cover but they arent sitting on the same profits as a lot of other institutions. They think AL Mann is behind the rumors, RLS. Its really frustrating to hear some days. We have actually had heated arguments over this stock.... They went short right before dual listing on TASE. He warned me (Jewish connections in Israel)dual listing on TASE was for an offering but I let the social media longs influence me to stay in it. Was called a short on seeking alpha when I brought this up too. My cousin is a VP at a hedge fund and my other cousin owns an index. I am trying to understand what the real scoop is behind the tax loss carry forward and if it is viewed as an asset or point of negotiation on a sale of the company. Mannkind is on record saying Al is not behind RLS Ive made him aware but they dont buy it. |
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Post by matt on Jan 27, 2016 11:08:44 GMT -5
Buy rumor, sell news. Sink it with cc when no BO is announced. You can pretty much bank on it that there will be no BO before the next conference call. If the rumors are true that a sale of the company is being investigated, the typical time for such a transaction to advance to the point where a public announcement can be made is on the order of 90 days, or near the end of April. Don't expect magic overnight; pharma companies move slowly on acquisitions due to the number of legal issues involved (IP, tax, labor law, regulatory, possible environmental contamination, etc.). Lawyers only move as fast as they have to. |
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Post by mnkdfann on Jan 27, 2016 11:15:08 GMT -5
My buddy told me they are planning to cover but they arent sitting on the same profits as a lot of other institutions. They think AL Mann is behind the rumors, RLS. Its really frustrating to hear some days. We have actually had heated arguments over this stock.... Mannkind is on record saying Al is not behind RLS IMO, there is a lot of wiggle room in what Mannkind said: "Alfred Mann is not an investor or in any way affiliated with Receptor." For instance, Al might not be affiliated with RLS but he might have still encouraged someone he knows to start it up. |
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Post by petech on Jan 27, 2016 11:20:28 GMT -5
(tax loss carryforward). It's an asset. The carryforwards expire after 20 years, so losses for 1994, if any, are no longer able to be carried forward now...and they fall off each year. The NOLs are discounted because anytime there is a greater than 50% ownership change (measured strangely), you have a limit on the use of the NOLs prior to that point...and virtually all companies have such ownership changes. In our case, because Al has maintained his very large ownership, there is a very good chance there is no previous NOL use limits. So the only limit would be the one on a buyout. Limits are the equity value of a company times rate published by government every month...currently about 4%. So if bought out for $1B, you can use 40M a year until exhausted/expired. There are other issues that can lower/increase NOL limit, but let's just keep it simple for now. Long story short; MNKD is likely different when it comes to NOLs (because of AL)...so there should be value to the NOLs.
That said...it's gravy in a buyout....not the main dish. So don't dwell too much on it.
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Post by dreamboatcruise on Jan 27, 2016 11:36:09 GMT -5
Mannkind is on record saying Al is not behind RLS Ive made him aware but they dont buy it. So they are thinking Mann is a direct investor, or possibly just help bring the group together that did invest? Al isn't worth what he used to be, so it doesn't seem like he could be the primary financial backer... and I don't think MNKD would lie about his involvement if he were either a director or investor. Do they have anything concrete... or is this all just through rumor mill and from sources that have in the past possibly been right. |
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Post by dreamboatcruise on Jan 27, 2016 11:40:19 GMT -5
Buy rumor, sell news. Sink it with cc when no BO is announced. You can pretty much bank on it that there will be no BO before the next conference call. If the rumors are true that a sale of the company is being investigated, the typical time for such a transaction to advance to the point where a public announcement can be made is on the order of 90 days, or near the end of April. Don't expect magic overnight; pharma companies move slowly on acquisitions due to the number of legal issues involved (IP, tax, labor law, regulatory, possible environmental contamination, etc.). Lawyers only move as fast as they have to. Lawyers only move as fast as they have to, but that is part of the reason of having an IB to enforce schedules. They would work with MNKD to put together data room with all pertinent record in those areas you've mentioned. Then they'd solicit letters of interest with very short deadline, get NDA's in place, grant access to data room, deadlines for bids and then final negotiations. That's the only way something like this could happen in 90 days. |
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Post by tayl5 on Jan 27, 2016 12:53:36 GMT -5
It may not be correct to assume that the buyout clock is starting now. It's easy to imagine scenarios where much of the groundwork was laid in previous discussions (e.g. pre-SNY) or as part of TS licensing diligence. That said, yeah, the lawyers only move as fast as they have to.
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Post by mindovermatter on Jan 27, 2016 13:00:30 GMT -5
Difficult day for shorts? What about the devastating 18 months for longs?
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