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Post by myocat on Aug 27, 2016 8:02:46 GMT -5
I can't figure out why PPS drops to the near the SNY-MNKD divorce level. You would have thought insider buying, class lawsuit dismissed could boost it a little bit.
sell this company to a better hand, please....
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Post by agedhippie on Aug 27, 2016 9:04:14 GMT -5
I can't figure out why PPS drops to the near the SNY-MNKD divorce level. You would have thought insider buying, class lawsuit dismissed could boost it a little bit. sell this company to a better hand, please.... The class action was always weak and it was covered by insurance anyway. |
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Post by kball on Aug 27, 2016 9:20:51 GMT -5
I can't figure out why PPS drops to the near the SNY-MNKD divorce level. You would have thought insider buying, class lawsuit dismissed could boost it a little bit. sell this company to a better hand, please.... Personally A-hippie, as an investor in this company, i'm thrilled theres one less thing to worry about with all that remains to worry about. |
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Post by myocat on Aug 29, 2016 9:09:33 GMT -5
Anyone has any idea on why the PPS keeps dropping?
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Post by silentknight on Aug 29, 2016 9:23:10 GMT -5
Anyone has any idea on why the PPS keeps dropping? I'm guessing because MNKD hasn't shown any increases in sales thus far and their cash position is getting dangerously low. Couple that with the constant short attacks and the perception that MNKD is going to go belly up and voila, you get a loss of over 20% in a couple of weeks. I've bought more on the discount but in all fairness, MNKD hasn't shown the market any reason thus far to give them a higher valuation. The share price will continue to take a beating until MNKD can turn the ship around, if they can at all. Personally, I think we should start seeing increases in September. If we get to this time next month and we are still seeing numbers of 250 per week TRx, I may have to re-evaluate things. We are approaching the level we once were when Sanofi terminated in January. That shows you the confidence the street has in MNKD. |
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Post by kc on Aug 29, 2016 9:41:35 GMT -5
Anyone has any idea on why the PPS keeps dropping? Fear and FUD. Its too early to see a turnaround. Distribution channel issues have to be straightened out. We are not 60 days into the launch. this is an ultra-marathon. Biggest issue is cash. Lets hope the management team and board has a plan to deal with cash. |
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Post by als57 on Aug 29, 2016 9:45:38 GMT -5
Amen to the cash issue. Lets hope for once Matt fits CEO shoes.
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Post by dictatorsaurus on Aug 29, 2016 9:57:06 GMT -5
Anyone has any idea on why the PPS keeps dropping? Fear and FUD. Its too early to see a turnaround. Distribution channel issues have to be straightened out. We are not 60 days into the launch. this is an ultra-marathon. Biggest issue is cash. Lets hope the management team and board has a plan to deal with cash. FUD? Typical argument which has been used to justify extremely poor performance. Ultra-marathon? Cash position is critically low. You can't run a marathon on an empty gas tank. |
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Post by Deleted on Aug 29, 2016 9:58:23 GMT -5
Cash = Oxygen
No Cash, no life.
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Post by myocat on Sept 1, 2016 9:37:15 GMT -5
Someone sold me 22 shares @0.745......
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Post by matt on Sept 1, 2016 11:15:54 GMT -5
I speculated several days ago that management was experimenting with how much cash they could raise with the ATM. Since the ATM essentially puts a lot of new shares out into the market at the bid price, this could be MNKD itself reducing the PPS. Adam Feuerstein yesterday posted a tweet that MNKD was attempting to raise $10 million via the ATM facility, which if true, would be consistent with the trading pattern. He is not everyone's favorite blogger, but his trading information is usually right.
Usually new shares coming into the market under Rule 415 programs are sold in largish chunks early in the day. If you look at the volume by minute (Yahoo interactive charts is good for this) you can see multiple big sells on Tuesday starting right at the open and continuing until about 11:00, with some others hitting in the afternoon. There were no big trades early Wednesday, but some big sells were made when the price spiked and this morning it was more of the same with several big sells in the early hours, stopping around 10:30. This is typical of Rule 415 activity; the big sells hit the market until it starts to depress the price at which point the broker pulls back and lets the price stabilize before resuming the sells. If you see blocks of roughly the same size at multiple time points, that is another clue that it is Rule 415 activity.
If you add up all the big sells in the last three days, you get something in the range of 7 million shares at an average price of about 71 cents or a little less than $5 million in fresh cash raised (net of the banking fees). If there really is a plan to raise $10 million from the ATM, it is about halfway complete. We won't really know the reason until November when the next 10Q is filed, so this is all an educated guess.
Alternatively, there was this footnote in the last 10Q "We have been informed by the trustees for the Mann Affiliated Entities that the trustees may seek to dispose of some or all of the shares beneficially owned by the Mann Affiliated Entities, pursuant to one or more trading plans under Rule 10b5-1 of the Exchange Act or otherwise." While Al Mann may never have sold under these conditions, the trustees with legal obligations to the estate and the various beneficiaries may feel compelled to act differently.
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Post by mnholdem on Sept 1, 2016 11:22:33 GMT -5
Hate to break it to ya, but it would appear that Adam is a liar...imagine that!
Source: twitter.com/natesnotes
fwiw, though $MNKD doesn’t normally comment on rumors, they made exception & confirmed 4 me that recent reports of tapping the ATM are FALSE |
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Post by therealisaching on Sept 1, 2016 11:23:12 GMT -5
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Post by babaoriley on Sept 1, 2016 11:30:09 GMT -5
Raising $10 million? One month's burn? Why bother with such minuscule potatoes this point? But, bottom line, who in the heck can figure much of anything out with respect to MNKD, and we know more than just about anyone other than a handful of insiders. The only thing about which I'm very confident is that they are trying their hardest to succeed.
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Daily PPS
Sept 1, 2016 11:56:27 GMT -5
via mobile
Post by smwill77 on Sept 1, 2016 11:56:27 GMT -5
[br Oh good. Since mannkind themselves confirmed the rumor was false, it's only a 50% chance of news breaking after market close. |
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