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Post by greg on May 9, 2016 18:13:02 GMT -5
Well, for whomever wished to have BK off the table for the rest of the year - here you go. You can certainly include me in that group. Dilution always better than BK. I just listened to CC and replayed the two sections dealing with financing multiple times. Not really sure why Matt couldn't discuss the offering but he was clearly very very uncomfortable. It sounds like he was waiting for as long as possible for an international deal to come through but, like he said, he couldn't wait forever. The fact that they were able to get the financing deal done is encouraging on two fronts, I think. One, the company definitely does need the cash. Two, Matt must have been able to convince the institutions that are buying the 50 million shares that a deal (or more) is imminent. Otherwise, why would anyone be willing to buy those shares (and warrants) no matter how low the price. So, all in all, I think you're right, BK is off the table for the rest of the year. Also important to keep in mind that dilution is hardly onerous. And, to repeat, much much better than running out of cash. |
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Post by lakers on May 9, 2016 18:21:54 GMT -5
Well, for whomever wished to have BK off the table for the rest of the year - here you go. You can certainly include me in that group. Dilution always better than BK. I just listened to CC and replayed the two sections dealing with financing multiple times. Not really sure why Matt couldn't discuss the offering but he was clearly very very uncomfortable. It sounds like he was waiting for as long as possible for an international deal to come through but, like he said, he couldn't wait forever. The fact that they were able to get the financing deal done is encouraging on two fronts, I think. One, the company definitely does need the cash. Two, Matt must have been able to convince the institutions that are buying the 50 million shares that a deal (or more) is imminent. Otherwise, why would anyone be willing to buy those shares (and warrants) no matter how low the price. So, all in all, I think you're right, BK is off the table for the rest of the year. Also important to keep in mind that dilution is hardly onerous. And, to repeat, much much better than running out of cash. Very perceptible. $1.5 Warrant A exercisable immediately. Cash in hand strengthens international partnership and settlement negotiation. More to come ...5/12 is BofA. 5/19 is ASH. |
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Post by sccrbrg on May 9, 2016 18:24:51 GMT -5
We all knew that dilution was coming, that part is not really that surprising.
However, I think the way the news was delivered is going to multiply the downward pressure 10 fold. They registered the S-3 and said nothing to worry about, simply SOP. They got on the call and refused to talk about it. Then they dump the entire S-3 after the call.
Simply put, I don't think anyone will trust management as far as they can throw them after today's theatrics.
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Post by trondisc on May 9, 2016 18:27:31 GMT -5
Well at least I know my horrific investment from last August 2015 will continue to barely float above the $1.00 line while on life support until more partnerships and script counts increase. Current MannKind management is a disgrace to the innovative legacy of Al Mann. Doesn't anyone else feel that the MannKind corporation is on the verge of collapse? This conference call was one of the worst ever. Any fellow Longs buying in the low 1's again?
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Post by Deleted on May 9, 2016 18:34:26 GMT -5
Why is this happening to us? 45 minutes after CC ends? I feel sick.... Some pretty big balls on Matt. I am sitting here posting about not making it sound like we have a deal closed and the other day I was saying he needs to be a little deceptive to deal with shorts not share holders lol BK off the table. Not sure why people sell on this news. The stock price will go up the day its bought, no? I have a feeling we will see people cover. I am a buyer after the over reaction tomorrow |
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Post by wmdhunt on May 9, 2016 18:37:12 GMT -5
Nah, I think I'll wait until it's at 50 cents, oh, wait, that's tomorrow?
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Post by Deleted on May 9, 2016 18:38:15 GMT -5
You can certainly include me in that group. Dilution always better than BK. I just listened to CC and replayed the two sections dealing with financing multiple times. Not really sure why Matt couldn't discuss the offering but he was clearly very very uncomfortable. It sounds like he was waiting for as long as possible for an international deal to come through but, like he said, he couldn't wait forever. The fact that they were able to get the financing deal done is encouraging on two fronts, I think. One, the company definitely does need the cash. Two, Matt must have been able to convince the institutions that are buying the 50 million shares that a deal (or more) is imminent. Otherwise, why would anyone be willing to buy those shares (and warrants) no matter how low the price. So, all in all, I think you're right, BK is off the table for the rest of the year. Also important to keep in mind that dilution is hardly onerous. And, to repeat, much much better than running out of cash. Very perceptible. $1.5 Warrant A exercisable immediately. Cash in hand strengthens international partnership and settlement negotiation. More to come ...5/12 is BofA. 5/19 is ASH. 1000% on the money. IMO they are getting shit offers from partners and now this puts them in a position to weather the storm of low ball negotiations. Now the real fun begins when they get the cash and sign the partners. I expect the stock to move after the initial panic selling is out of the way. If there were any real reason for shorts to ever be a little nervous I think its now. |
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Post by centralcoastinvestor on May 9, 2016 18:38:31 GMT -5
Well at least I know my horrific investment from last August 2015 will continue to barely float above the $1.00 line while on life support until more partnerships and script counts increase. Current MannKind management is a disgrace to the innovative legacy of Al Mann. Doesn't anyone else feel that the MannKind corporation is on the verge of collapse? This conference call was one of the worst ever. Any fellow Longs buying in the low 1's again? I am tempted to buy more. It looks like BK off the table until MannKind launch has a chance to gain traction. And that is where the big bet comes into play. Can Mannkind sell Afrezza? Mannkind has been so helpful in my pursuit to develop an iron stomach in the stock market. Wow, there is never a dull moment with this stock. Just wish some of the excitement would be way positive for a change. |
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Post by Deleted on May 9, 2016 18:39:06 GMT -5
Nah, I think I'll wait until it's at 50 cents, oh, wait, that's tomorrow? Theres no way this is going to 50 cents. |
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Post by maddass98 on May 9, 2016 18:46:08 GMT -5
amazed how management can lie to their investors on May 5th
"MannKind yesterday filed an 8-K and prospectus supplement to renew their ATM facility, as discussed in the last conference call. To address questions on these filings: This does not mean the Company sold shares, and as stated in the last call, should not be considered a signal of any intention to sell under the ATM."
Then they waited until after CC to announce they just sold all 50M shares. crazy! think they lost respect of many investors. the shareholder meeting should be fun!
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Post by wmdhunt on May 9, 2016 18:46:16 GMT -5
reverselo, I hope you are right but I remember saying this about $2.00. Man, this is a rough and tough game. I am in so far that I will be a "long" past my personal "sell by date." I hope my heirs have a sense of humor.
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Post by derek2 on May 9, 2016 18:53:06 GMT -5
amazed how management can lie to their investors on May 5th "MannKind yesterday filed an 8-K and prospectus supplement to renew their ATM facility, as discussed in the last conference call. To address questions on these filings: This does not mean the Company sold shares, and as stated in the last call, should not be considered a signal of any intention to sell under the ATM." Then they waited until after CC to announce they just sold all 50M shares. crazy! think they lost respect of many investors. the shareholder meeting should be fun! Those 48M shares are different from the ATM. The ATM is still out there waiting to be used. If the ATM gets used, it would take MNKD issued shares to 530M, with only 20M left for management bonuses. So, who wants to vote for 150M more shares? |
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Post by tchalaa on May 9, 2016 18:54:34 GMT -5
Trust is an expensive gut, dear CEO.
Although it is so easy to forget, a share is not a lottery ticket, but part-ownership of a business.
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Post by rockstarrick on May 9, 2016 18:55:25 GMT -5
Well at least I know my horrific investment from last August 2015 will continue to barely float above the $1.00 line while on life support until more partnerships and script counts increase. Current MannKind management is a disgrace to the innovative legacy of Al Mann. Doesn't anyone else feel that the MannKind corporation is on the verge of collapse? This conference call was one of the worst ever. Any fellow Longs buying in the low 1's again? $1 and under I'm a buyer. I'm hoping to buy a few thousand shares that I can trade around my core. IF MNKD can get and keep the ball rolling, there should be several opportunities to profit on shares purchased under a buck in my opinion. Hey, we live to fight another day !! One of these days, afrezzas track record is going to catch up with us, doesn't the FDA do an updated safety profile after 18 months ?? I'm not sure, but I have read from other investors that there is an 18 month review of any adverse health affects. If so, this would happen after the clamp study results are discussed at the ADA Convention in June. www.fda.gov/Drugs/GuidanceComplianceRegulatoryInformation/Surveillance/ucm090385.htmGood Luck Everybody |
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Post by james on May 9, 2016 18:55:44 GMT -5
I agree with derek's assessment. This sale of shares is in addition to the $50M ATM, which remains available for use.
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