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Post by avogadro on Mar 7, 2016 14:04:54 GMT -5
Let's hear it. I have my guesses. What are your guesses? why have buyers shown up? I could run a poll, but I would rather hear..... I think the 2nd highest all-time short interest of 130 million is maybe a factor. If, IF MNKD can secure some financing, then a stock price of $1 is absurdly low for the best insulin in existence. Ironically, perhaps Dr. Mann's death may put more uncertainty into the Shorts' case. That is, his will and estate may now be primed to secure MNKD more assuredly than the Shorts felt Al was willing to do while alive. Perhaps the Shorts are less confident. They have not killed MNKD yet although they have certainly tried.
Today I am fondly recalling Asshole Fraudstein's tweet on January 5th or so when Sanofi announced they were dropping the partnership.....Ahole tweeted : "Game over"He's not looking quite so smart today and I'm loving it. I love it- the voice from the grave. How Jewish!! Think of it as a poison pill for the shorts to choke on.
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Post by BlueCat on Mar 7, 2016 14:14:16 GMT -5
Poll is where I was headed. Hmmm. Five questions: 1. News driven (leaked or previous on disodium FKDP)? 2. Run up to cc/ER? 3. Short games - let it drift up more to short down hard again (not enough left at bottom for them to play with). May be in combo with (2) and expectations on SNY settlement? 4. Just following market? 5. Bad news and bottom in in (Nate called it) and we're seeing real covering and buying? I want (5). (1) and (4) are short lived. But I've been trained to expect (2) + (3). Happens every time. can we add: buyer in the wings? Buyer in which way? BO? Or large investor? In either case - that in of itself doesn't make price go up. Its the impact of it - e.g. (1) - people are aware of buyer in wings, or (5), buyer is no longer in wings and is now buy-ing ....
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Post by lakers on Mar 7, 2016 14:16:52 GMT -5
I heard some unconfirmed chattering re: due to Al Mann death Mnkd will get debt forgiveness from Al Mann Group through a will or estate planning. I forgot how much Mnkd owed the Mann group.
The Pps increase may portend decent Sny settlement and/or regional partnerships.
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Post by madog365 on Mar 7, 2016 14:20:32 GMT -5
source? don't say YMB
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Post by BlueCat on Mar 7, 2016 14:25:23 GMT -5
What if Al made some provisions for MNKD and EYES in his last will? We know that as of 2007 Al's will instructed his foundation to make sure that his companies had "enough money." I doubt that he would have later changed his mind and written his babies out of his will (especially since he had made it clear that none of his human children would get another dime). Perhaps the fact that his instructions had not changed was leaked today, thereby causing the prices of both MNKD and EYES to jump. Where was that leaked?
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Post by kc on Mar 7, 2016 14:25:54 GMT -5
I heard some unconfirmed chattering re: due to Al Mann death Mnkd will get debt forgiveness from Al Mann Group through a will or estate planning. I forgot how much Mnkd owed the Mann group. The Pps increase may portend decent Sny settlement and/or regional partnerships. I don't think there would be any forgiveness from the estate. Perhaps he might have hedged it with some life insurance 15 or 20 years ago when he was younger. But debt forgiveness.....Nope.
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Post by petech on Mar 7, 2016 14:31:57 GMT -5
At best under your rumor, the estate would have provided $30M of cash and cancelled the $50M total of outstanding debt. That's nice...but not enough, unfortunately. Whatever is happening, I hope the shorts roast. investors.mannkindcorp.com/secfiling.cfm?filingID=1193125-15-370935&CIK=8994605. Related-party arrangements In October 2007, the Company entered into a $350.0 million loan arrangement with its principal stockholder. The Loan Arrangement has been amended from time to time. On October 31, 2013, the promissory note underlying the Loan Arrangement was amended to, among other things, extend the maturity date of the loan to January 5, 2020, extend the date through which the Company can borrow under the Loan Arrangement to December 31, 2019, increase the aggregate borrowing amount under the Loan Arrangement from $350.0 million to $370.0 million and provide that repayments or cancellations of principal under the Loan Arrangement will not be available for reborrowing.
As of September 30, 2015, the total principal amount outstanding under the Loan Arrangement was $49.5 million, and the amount available for future borrowings was $30.1 million. Interest, at a fixed rate of 5.84%, is due and payable quarterly in arrears on the first day of each calendar quarter for the preceding quarter, or at such other time as the Company and The Mann Group mutually agree. All or any portion of accrued and unpaid interest that becomes due and payable may be paid-in-kind and capitalized as additional borrowings at any time and would be classified as non-current upon mutual agreement of both parties. As of September 30, 2015, the Company had accrued $5.7 million of interest in other liabilities related to the Loan Arrangement. The Mann Group can require the Company to prepay up to $200.0 million in advances that have been outstanding for at least 12 months (less approximately $105.0 million aggregate principal amount that has been cancelled in connection with two common stock purchase agreements). If The Mann Group exercises this right, the Company will have 90 days after The Mann Group provides written notice (or the number of days to maturity of the note if less than 90 days) to prepay such advances. However, pursuant to a letter agreement entered into in August 2010, The Mann Group has agreed to not require the Company to prepay amounts outstanding under the amended and restated promissory note if the prepayment would require the Company to use its working capital resources. In addition, The Mann Group entered into a subordination agreement with Deerfield pursuant to which The Mann Group agreed with Deerfield not to demand or accept any payment under the Loan Arrangement until the Company’s payment obligations to Deerfield under the Facility Agreement have been satisfied in full. Subject to the foregoing, in the event of a default under the Loan Arrangement, all unpaid principal and interest either becomes immediately due and payable or may be accelerated at The Mann Group’s option, and the interest rate will increase to the one-year LIBOR calculated on the date of the initial advance or in effect on the date of default, whichever is greater, plus 5% per annum. All borrowings under the Loan Arrangement are unsecured. The Loan Arrangement contains no financial covenants. During the nine months ended September 30, 2015, there were no additional borrowings under or amendments to the Loan Arrangement.
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Post by Deleted on Mar 7, 2016 14:32:04 GMT -5
While I dont believe this is a reason for me to personal own the sotck and still wait to see their cash situation to buy back, shorts are def between a rock and a hard place outside. It seems to get tighter everyday.
Anyone looking at the tape and seeing buys or short to cover?
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Post by sportsrancho on Mar 7, 2016 14:34:06 GMT -5
I think it's just GS going long after they got all the weak longs to sell. They do it all the time. It's their MO. Very undervalued here. GL Go longs!!
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Post by kbrion77 on Mar 7, 2016 14:47:08 GMT -5
I heard some unconfirmed chattering re: due to Al Mann death Mnkd will get debt forgiveness from Al Mann Group through a will or estate planning. I forgot how much Mnkd owed the Mann group. The Pps increase may portend decent Sny settlement and/or regional partnerships. Until MNKD can stand on its own and start producing revenue nothing is going to change. Now we are hoping for debt forgiveness? If volume was 15M + today then I would say something might have gotten leaked or picked up. I'm expecting these gains to be cut in half the last few mins of the trading day.
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Post by rockstarrick on Mar 7, 2016 15:04:30 GMT -5
I heard some unconfirmed chattering re: due to Al Mann death Mnkd will get debt forgiveness from Al Mann Group through a will or estate planning. I forgot how much Mnkd owed the Mann group. The Pps increase may portend decent Sny settlement and/or regional partnerships. Until MNKD can stand on its own and start producing revenue nothing is going to change. Now we are hoping for debt forgiveness? If volume was 15M + today then I would say something might have gotten leaked or picked up. I'm expecting these gains to be cut in half the last few mins of the trading day. I expected this on Friday, but we held the gains and closed a penny below the HOD. I think these small gains since our low of .64 have created a nice foundation to build off of. As we get closer to "A" Day, (the day we get afrezza back from the thieves) in theory, our value should increase by 65% right. Seems to me if you know a company could see a possible gain of 65%, why not buy ?? I agree, the volume will react along with the sp so no clue why we are up today, I hope it continues though. Good Luck Everybody
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Post by compound26 on Mar 7, 2016 15:16:37 GMT -5
Until MNKD can stand on its own and start producing revenue nothing is going to change. Now we are hoping for debt forgiveness? If volume was 15M + today then I would say something might have gotten leaked or picked up. I'm expecting these gains to be cut in half the last few mins of the trading day. I expected this on Friday, but we held the gains and closed a penny below the HOD. I think these small gains since our low of .64 have created a nice foundation to build off of. As we get closer to "A" Day, (the day we get afrezza back from the thieves) in theory, our value should increase by 65% right. Seems to me if you know a company could see a possible gain of 65%, why not buy ?? I agree, the volume will react along with the sp so no clue why we are up today, I hope it continues though. Good Luck Everybody rockstarrick, love your perspective. And I think this is actually a good perspective. And if we are taking back the 65% stolen by Sanofi, our SP should be 1.45/0.35=4.14 by the time we get back Afrezza. 1.45 being the SP before Sanofi terminated the partnership agreement and 0.35 being Mannkind's share of the profits before Sanofi terminated the partnership agreement.
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Post by nylefty on Mar 7, 2016 19:09:03 GMT -5
We know that as of 2007 Al's will instructed his foundation to make sure that his companies had "enough money." I doubt that he would have later changed his mind and written his babies out of his will (especially since he had made it clear that none of his human children would get another dime). Perhaps the fact that his instructions had not changed was leaked today, thereby causing the prices of both MNKD and EYES to jump. Where was that leaked? Huh? I didn't say there was a leak. I said that "perhaps" there was a leak (that his instructions had not been changed). Since I don't know if there was a leak or not, I obviously can't answer your question. However, the fact that both MNKD and EYES jumped an identical 12.8 percent (on a day when biotechs in general were up less than three percent) strongly suggests that there was such a leak and that both companies will be getting additional funding from Al's foundation. In my opinion.
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Post by BlueCat on Mar 8, 2016 0:06:42 GMT -5
Huh? I didn't say there was a leak. I said that "perhaps" there was a leak (that his instructions had not been changed). Since I don't know if there was a leak or not, I obviously can't answer your question. However, the fact that both MNKD and EYES jumped an identical 12.8 percent (on a day when biotechs in general were up less than three percent) strongly suggests that there was such a leak and that both companies will be getting additional funding from Al's foundation. In my opinion. Sorry Lefty - I think its the way you originally worded: "Perhaps the fact that his instructions had not changed was leaked today, thereby causing the prices of both MNKD and EYES to jump." Perhaps refers to the effect, but you state that the fact was leaked. Though use of "thereby" doesn't quite work then. Anyway. I take your clarification to mean there is no known leak - you are speculating. All good.
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Post by BlueCat on Mar 8, 2016 0:17:40 GMT -5
Sorry Lefty - I think its the way you originally worded: "Perhaps the fact that his instructions had not changed was leaked today, thereby causing the prices of both MNKD and EYES to jump." Perhaps refers to the effect, but you state that the fact was leaked. Though use of "thereby" doesn't quite work then. Anyway. I take your clarification to mean there is no known leak - you are speculating. All good. Good grief. No, I said that perhaps there was a leak that his instructions had not changed. Sorry you couldn't understand that. Its late. No worries. Let's move on.
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