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Post by blindhog1 on Apr 26, 2016 13:21:46 GMT -5
A conference call with a slide presentation? Really? Oh My, Oh My the drama keeps building. What a night. I've got the popcorn ready for popping and the beer is cooling in the fridge. I'll have the MannKind presentation on the computer on the left and the election results on the TV on the right. The entertainment value should keep me on the edge of my chair. Oh My, Oh My. |
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Post by uvula on Apr 26, 2016 13:25:33 GMT -5
It is just a phone call  |
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Post by ilovekauai on Apr 26, 2016 13:26:14 GMT -5
Have one for me. Way too early out here on Kauai for a Mai Tai...
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Post by peppy on Apr 26, 2016 13:40:11 GMT -5
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Post by blindhog1 on Apr 26, 2016 13:45:11 GMT -5
It is just a phone call Oh My, Oh My is it to late to change my plans for such a rewarding evening. Naw, just follow the instructions in the press release:
To participate in the live call by telephone, please dial (888) 224-7957 or (303) 223-4394 and use the participant passcode: 21809665. Those interested in listening to the conference call live via the Internet may do so by visiting the Company's website at www.mannkindcorp.com.
If you need help opening the beer just ask. 
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Post by charlespk on Apr 26, 2016 14:15:32 GMT -5
Hoping for the best , like all of us .
I dont think they will announce anything today regarding a dilution to extend the runway .
But I am curious regarding what you are all thinking regarding where the PPS goes if or when dilution occurs .
i know there are too many variables , but what like to know different opinions.
do we go down to $1.00 ?
long and committed .
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Post by trondisc on Apr 26, 2016 14:16:46 GMT -5
Lowering my cost basis since August 2015 and pathetically awaiting typical post CC mega~dump. "It is the sound of...inevitability." -Agent Smith
Fellow Longs prepare thyselves to be fux0red once again with another CC yielding no real news except for the truffle shuffle dance with recent new hires. $1.00-1.20 death spiral continues at the opening bell tomorrow. At least I'm relieved to be able to buy super cheap shares this coming week for the eventual ride to $5 someday. Oh well until MannKind/Technosphere is bought out entirely, here's to our zombie management and stock not realizing what they have in their patent portfolio. Cheers! (/hoists glass//pissed off CLANK!///spills beer not caring b/c the share price is stuck)
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Post by peppy on Apr 26, 2016 14:26:48 GMT -5
I say we see what happens. See what is said. I believe the only subject will be afrezza. The roll out. If it is bought, we will know soon enough.
Let price have a short squeeze. technosphere is in demand.
I saw interest on short shares is up. While I know what that means, I never know what that means.
Pep
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Post by dejude42 on Apr 26, 2016 14:32:05 GMT -5
For a call that means so little, the action to hold PPS down is unbelievable. Someone is relinquishing MNKD Shares.
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Post by kbrion77 on Apr 26, 2016 14:37:21 GMT -5
Start the call out by stating they will price Afrezza as the cheapest insulin in the world and let the fun begin.
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Post by centralcoastinvestor on Apr 26, 2016 14:43:29 GMT -5
I find it interesting that so many shareholders complained about the lack of communication from MannKind management. Now that Matt is CEO, he is trying to do just that. Communicate on a more frequent basis. Now I hear whining about having a cc that will not offer enough good news to satisfy people. Well, what do people want? More communication or less? Matt cannot win. From where I sit in the cheap seats, I am very satisfied with Matt's performance so far. I think we hear more about the plan for Mnkd 2.0 today which helps us understand where the company is going. No matter what is said, the short position will twist it to the negative. The question is, will Wallstreet continue to buy the short thesis?
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Post by peppy on Apr 26, 2016 14:44:52 GMT -5
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Post by gamblerjag on Apr 26, 2016 15:26:25 GMT -5
I'm getting the feeling you will be throwing some popcorn at your laptop!!
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Post by patten1962 on Apr 26, 2016 15:29:02 GMT -5
I am long. Not selling. Have to admit I am nervous.
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Post by matt on Apr 26, 2016 15:29:20 GMT -5
But I am curious regarding what you are all thinking regarding where the PPS goes if or when dilution occurs . i know there are too many variables , but what like to know different opinions. do we go down to $1.00 ? Having done my share of fund raising for NASDAQ listed companies there is good news and bad news. The good news is that the average volume remains fairly strong, which means that a new investor can see a way to get out if they change their mind or are just buying into the deal for the discount. This helps limit the dilution. The bad news is that the stock is wounded and that doesn't help. Releasing non-material "good news", such as the RLS deal, just before issuing rarely works as the new money looks at the tread over a few recent months rather than yesterday's close. Announcement of some substantial partnership agreement without a lot of contingencies would help reduce the discount.
My ballpark figure is 20-40% discount, which might be partly in cash and partly in the value of warrants. Obviously the more warrants that are given the smaller the cash discount and vice versa. It is hard to get a significant deal done at less than 20% and MNKD is still attractive enough that they won't have to go lower than 40%. Figure that the placement agent is going to take another 7% in fees plus some legal expenses so the gross raise amount will be about 108% of the net raise. Finally, the larger the raise the larger the discount.
So to answer your question, will it get to $1? It may get close, but as of today I would say it probably does not go below $1.00. Can MNKD do a significant raise without material news and remain above $1.20? That is also unlikely, so the price will likely wind up in the middle. But this is today; it is a long way to the shareholder's meeting and authorization of the additional shares. A lot can happen in a few months to change those estimates in either direction.
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