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Post by liane on Apr 26, 2016 15:42:23 GMT -5
I just loaded up the cc page. It appears there will be slides. Interesting upbeat ragtime music. I notice there's a "Raise Hand" button - does that mean we can actually ask questions?
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Post by otherottawaguy on Apr 26, 2016 15:46:35 GMT -5
Are we opening the shoutbox early?
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Post by daduke38 on Apr 26, 2016 15:48:00 GMT -5
I just loaded up the cc page. It appears there will be slides. Interesting upbeat ragtime music. I notice there's a "Raise Hand" button - does that mean we can actually ask questions? Wondered the same thing, but can you imagine how many people will hit that?  Is some upbeat music though. Hopefully a sign! |
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Post by uvula on Apr 26, 2016 15:54:56 GMT -5
It won't let me register with my android phone. Says it is not a registered device. Wtf. I'm in the airport and don't have my computer.
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Post by kc on Apr 26, 2016 16:02:57 GMT -5
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Post by tayl5 on Apr 26, 2016 16:48:09 GMT -5
In the call, Matt addressed both the shelf registration and the ATM arrangement described in the 8K. The ATM is a renewal of the existing facility and the shelf reg is to keep equity options open. He made it clear there are no plans or enthusiasm for dilution at the current stock price but left raising money through an equity sale on the table as a future option. |
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Post by tchalaa on Apr 26, 2016 17:22:33 GMT -5
I don't know how u feel, but me I feel very good I will say. What happens today wasn't about the money but about our strategy and tactics. This is why some will think no news but on the contrary this is the best conference call from mnkd for me because the speakers weren't speculating rather they were confidence because of facts at hands i.e homework done by the new CCO. He add a simple and clear language.
For those trading it is complicated but if you're investing you most have figured out that considering it a building the basement is finished now we are starting with the ground-floor. Next CC we will know where the money is coming from and how do we intend to spend it.
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Post by mnholdem on Apr 26, 2016 17:37:22 GMT -5
What MannKind filed today can be classified as a "universal shelf registration" which provides management with the most options.
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Post by capnbob on Apr 26, 2016 23:36:20 GMT -5
In the call, Matt addressed both the shelf registration and the ATM arrangement described in the 8K. The ATM is a renewal of the existing facility and the shelf reg is to keep equity options open. He made it clear there are no plans or enthusiasm for dilution at the current stock price but left raising money through an equity sale on the table as a future option. The previous one was with MLV, wasn't it? So how is this one a "renewal" if it's with FBR? Did they use all of the MLV one? How many shares did they end up selling? |
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Post by tayl5 on Apr 27, 2016 8:55:40 GMT -5
Matt said they did not use the ATM facility that was in place last year because the share price was too low. That facility expired so they are replacing it with a new one. Matt also explained that the ability of the company to register shares and establish an ATM without notification changed when the market cap went below a certain level. Previously they could just do it without the filings that are now stirring up the ant hill.
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Post by capnbob on Apr 27, 2016 11:00:37 GMT -5
Matt said they did not use the ATM facility that was in place last year because the share price was too low. That facility expired so they are replacing it with a new one. Matt also explained that the ability of the company to register shares and establish an ATM without notification changed when the market cap went below a certain level. Previously they could just do it without the filings that are now stirring up the ant hill. From the 10-K: ""During the year ended December 31, 2015, we raised gross proceeds of $28.4 million from the sale of 8.9 million shares of common stock under our at-the-market issuance sales agreements, resulting in net proceeds of $27.8 million after issuance costs." That left 22 million available. Searching the posts for where that went, "irrationalexubera" alleged that the 22 million was used in the TASE offering. I don't know to ascertain the accuracy of that. In any case, it's seems they did, in fact, use at least 28 million of the old ATM. |
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Post by tayl5 on Apr 28, 2016 16:52:54 GMT -5
Matt said they did not use the ATM facility that was in place last year because the share price was too low. That facility expired so they are replacing it with a new one. Matt also explained that the ability of the company to register shares and establish an ATM without notification changed when the market cap went below a certain level. Previously they could just do it without the filings that are now stirring up the ant hill. From the 10-K: ""During the year ended December 31, 2015, we raised gross proceeds of $28.4 million from the sale of 8.9 million shares of common stock under our at-the-market issuance sales agreements, resulting in net proceeds of $27.8 million after issuance costs." That left 22 million available. Searching the posts for where that went, "irrationalexubera" alleged that the 22 million was used in the TASE offering. I don't know to ascertain the accuracy of that. In any case, it's seems they did, in fact, use at least 28 million of the old ATM. Thanks for the clarification, capnbob. I went back and listened to that part of the call again. What Matt actually said was that they didn't use it this year, not that they didn't use it at all. My apologies for the confusion. |
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Post by curiousdoc on May 2, 2016 9:35:54 GMT -5
Was a transcript for this ever made available or posted?
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Post by peppy on May 2, 2016 9:50:57 GMT -5
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Post by mnholdem on May 2, 2016 10:14:18 GMT -5
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Is some upbeat music though. Hopefully a sign! 
