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Post by chuck on Sept 23, 2016 19:54:35 GMT -5
A voluntary chapter 11 doesn't make any sense in the current context. Right now they have a product which has a sales trajectory that doesn't get them to a place where Afrezza could sustain a debt free recapitalized mnkd. Too many costs to cover with just the one product. If mnkd (as a corporate entity) was sustainable without the debt then it might make sense but that's not the case. They are going to run this as long as they can before declaring bankruptcy. Afrezza and other assets will be sold off to another company. The buying company will be able to eliminate most of the overhead and sales/marketing as they absorb Afrezza within their existing team making it a win-win. Debt holders get a partial payout and buyer gets a profitable niche product with potential upside over the long-term. Afrezza will live on.
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Post by rvc on Sept 23, 2016 19:54:58 GMT -5
trondisc-sadly, I think you are correct. Nothing short of a Hail Mary can save this company now, and I don't see that on the horizon. I rue the day I first heard of MNKD. If I had been cutting the grass instead of trolling the YMB message boards on the day I came across MNKD, I'd be $30,000 richer right now. Oh well, such is life-time to move on.
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Post by dejude42 on Sept 23, 2016 20:58:52 GMT -5
First the word "game" is a four letter obscenity to the working class which invests their life money. Second, the stock market is an investment plan. Protected by the government (we the people by the people and for the people) through the Security and Exchange Commission. Mary Jo White was quoted in the last few weeks, "I know there is a problem in trading that gives advantage toward non-stock supporters and that trade methods can be used to give them advantage.
The problem with the Current trade methods is the rules and the lack of support data collected to backup discovery of Creativity Manipulation. The markets need to be monitored, statistics gathered so numbers may be created.The who, what, where, how and why is very important and needs to be known not only for MNKD, but for all stock funded corporations and their investors.
The use of naked shares needs to be placed at their truly represented value ZERO with no trade power. If you wish to obtain naked shares that is your business, but a waiting period is needed because it should take owner held shares to relinquish.
Naked Shares, relinquishment to BID shares, widen spread window for new lower ASK order relinquishment, four decimal trading and market volatility go hand in hand. Creativity Manipulation through trade motion caused the Flash Crash. Creativity Manipulation destroyed NVAX in the after hours. Creativity Manipulation controls the flow of the top Current Bid and Ask page and done electronically or manually would be illegal if data were collected.
Alfred Mann had an Eureka moment when he discovered Afrezza, I enjoy watching him on a u-tube describe that moment. I believe in his talent and ability as a good example as well as those that stood and still stand for MANNKIND. It may look bleak, but ten days at a dollar reinstates the stock. That value is nothing to obtain if the market adjusts. Nobody wins with a stock reversal and that will be a last resort. Market usage by diabetics and their testimonials to family, friends and doctors is the key, insurance coverage a plus and SEC support a blessing.
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Post by kc on Sept 23, 2016 21:22:57 GMT -5
I can't help but get the feeling that they are planning on a voluntary chapter 11 reorganization. As someone here pointed out, they likely need a certain minimum number of millions of dollars just to begin the process. According to "Spencer Osborne" on SA, Mannkind is down to less than 15 million in available cash. With today's closing price the ATM is worth only about 15 miilion. There doesn't seem to be much hope of generating any decent cash flow from afrezza anytime soon. To save the company, the most logical thing would be to file banktuptcy, reorganize and trade new shares for debt, and emerge with new majority holders, no debt, and maybe enough money to keep going a while longer. How would that affect the shares that the employees and foundations own? I can't see ch11 happening unless the employees and foundations shares are exempt... And if that is the case they are going to face a heck of a lawsuit from the share holders that were left out in the cold. Nobody is exempt other Than secured notes and preferred stock. Everybody gets wiped out. Better to sell the company get $10 to $15 and a chance for #afrezza to develop into a blockbuster. Hopefully board is actively marketing the company. |
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Post by uvula on Sept 23, 2016 21:49:51 GMT -5
$10-15 for the whole company?
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Post by Deleted on Sept 23, 2016 22:07:08 GMT -5
ilovekauai There is an ignore function. Click on the user. All the way on the right, click on the "wheel". Then "Block User". There's also an "ignore reality" function. Click on the Quote button to the right of Trondisc. Type an optimistic outlook defying all common sense vs. share price underneath the prior comments of factual truth. Then "Create Post" to submit a delusional reply against all odds short of a miracle. lol this was funny |
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Post by Deleted on Sept 23, 2016 22:15:29 GMT -5
How would that affect the shares that the employees and foundations own? I can't see ch11 happening unless the employees and foundations shares are exempt... And if that is the case they are going to face a heck of a lawsuit from the share holders that were left out in the cold. Nobody is exempt other Than secured notes and preferred stock. Everybody gets wiped out. Better to sell the company get $10 to $15 and a chance for #afrezza to develop into a blockbuster. Hopefully board is actively marketing the company. Kc- for the most part I think you are a more level headed share holder then most but who is going to pay 5-7.5 billion for a company that makes less then 1 million a month. |
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Post by Deleted on Sept 23, 2016 22:28:26 GMT -5
trondisc-sadly, I think you are correct. Nothing short of a Hail Mary can save this company now, and I don't see that on the horizon. I rue the day I first heard of MNKD. If I had been cutting the grass instead of trolling the YMB message boards on the day I came across MNKD, I'd be $30,000 richer right now. Oh well, such is life-time to move on. RLS? |
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Post by op2778 on Sept 23, 2016 22:38:54 GMT -5
Solution It's really easy. Sometimes easy things looks suspicious, so human try to find alternatives to complicated themselves. i said it before: SEC= USELESS they really want a little bit fair market? are they really there to protect small Investors? Absolutely NOT. They are payed by WS and protect them. solution to The problem? Easy, really easy and I'll repeat it again: you don't need data, statistics and bla, bla, bla. Just do what Germany done time ago: NAKED SHORT BANNED. Simple as it is. Once you ban Naked Short, The game will be a little bit fair (not totally fair or clear) but At least better. OP First the word "game" is a four letter obscenity to the working class which invests their life money. Second, the stock market is an investment plan. Protected by the government (we the people by the people and for the people) through the Security and Exchange Commission. Mary Jo White was quoted in the last few weeks, "I know there is a problem in trading that gives advantage toward non-stock supporters and that trade methods can be used to give them advantage. The problem with the Current trade methods is the rules and the lack of support data collected to backup discovery of Creativity Manipulation. The markets need to be monitored, statistics gathered so numbers may be created.The who, what, where, how and why is very important and needs to be known not only for MNKD, but for all stock funded corporations and their investors. The use of naked shares needs to be placed at their truly represented value ZERO with no trade power. If you wish to obtain naked shares that is your business, but a waiting period is needed because it should take owner held shares to relinquish. Naked Shares, relinquishment to BID shares, widen spread window for new lower ASK order relinquishment, four decimal trading and market volatility go hand in hand. Creativity Manipulation through trade motion caused the Flash Crash. Creativity Manipulation destroyed NVAX in the after hours. Creativity Manipulation controls the flow of the top Current Bid and Ask page and done electronically or manually would be illegal if data were collected. Alfred Mann had an Eureka moment when he discovered Afrezza, I enjoy watching him on a u-tube describe that moment. I believe in his talent and ability as a good example as well as those that stood and still stand for MANNKIND. It may look bleak, but ten days at a dollar reinstates the stock. That value is nothing to obtain if the market adjusts. Nobody wins with a stock reversal and that will be a last resort. Market usage by diabetics and their testimonials to family, friends and doctors is the key, insurance coverage a plus and SEC support a blessing. |
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Post by op2778 on Sept 23, 2016 22:44:20 GMT -5
Hello KC, we we had a little bit of chat about that. we are in Castagna hands. scripts sales need to speed up. That's What matter. About BO: we can dream about it, but to be honest, i don't see it. There is a lot of value in TS and Also in MNKD itself, but this story is complicated. if a BO will take place, a valuation of 1-1.5 billions will be huge (considering actual situation). Op How would that affect the shares that the employees and foundations own? I can't see ch11 happening unless the employees and foundations shares are exempt... And if that is the case they are going to face a heck of a lawsuit from the share holders that were left out in the cold. Nobody is exempt other Than secured notes and preferred stock. Everybody gets wiped out. Better to sell the company get $10 to $15 and a chance for #afrezza to develop into a blockbuster. Hopefully board is actively marketing the company. |
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Post by kc on Sept 23, 2016 23:16:41 GMT -5
Nobody is exempt other Than secured notes and preferred stock. Everybody gets wiped out. Better to sell the company get $10 to $15 and a chance for #afrezza to develop into a blockbuster. Hopefully board is actively marketing the company. Kc- for the most part I think you are a more level headed share holder then most but who is going to pay 5-7.5 billion for a company that makes less then 1 million a month. It's the opportunity to make money in the future. The product has been proven but we have lost several years is cost hundreds of millions of dollars because of those years. It all goes back to the 2010 Christmas FDA letter by martin Shreklli. That's at the company back 3 to 4 years. |
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Post by kc on Sept 23, 2016 23:18:15 GMT -5
$10-15 for the whole company? Better than nothing with a bankruptcy. |
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Post by kc on Sept 23, 2016 23:22:29 GMT -5
Hello KC, we we had a little bit of chat about that. we are in Castagna hands. scripts sales need to speed up. That's What matter. About BO: we can dream about it, but to be honest, i don't see it. There is a lot of value in TS and Also in MNKD itself, but this story is complicated. if a BO will take place, a valuation of 1-1.5 billions will be huge (considering actual situation). Op Nobody is exempt other Than secured notes and preferred stock. Everybody gets wiped out. Better to sell the company get $10 to $15 and a chance for #afrezza to develop into a blockbuster. Hopefully board is actively marketing the company. I believe that is why we have not seen a buyout yet. Mike and Matt were hoping that script sales would ramp up rapidly. I personally thought we'd see some numbers by November 1. Not sure we will see anything Resembling progress perhaps until first-quarter 17. We are definitely in a serious cash crunch needs to be addressed. I know the board and management do not want to give the company away but they might have to just stay alive. |
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Post by gamblerjag on Sept 23, 2016 23:46:32 GMT -5
I would take 10 -$15 now for the whole company.. I'd be surprised if anyone wouldn't.. but don't see that happening.. not going to go .70- to $10 -15 bucks overnite. My guess there would be leaks for weeks prior to any buyout so it would be realistic (to Me) the pps would get to a respectable 3-4 bucks... then the big news... . if that was ever going to happen in the near future.
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Post by slugworth008 on Sept 24, 2016 6:59:34 GMT -5
Nobody is exempt other Than secured notes and preferred stock. Everybody gets wiped out. Better to sell the company get $10 to $15 and a chance for #afrezza to develop into a blockbuster. Hopefully board is actively marketing the company. Kc- for the most part I think you are a more level headed share holder then most but who is going to pay 5-7.5 billion for a company that makes less then 1 million a month. A company that realizes Afrezza is a game changer and has the firepower to drive it - and drive down their competitions market cap. |
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