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Post by silentknight on Oct 17, 2016 12:47:13 GMT -5
In the face of 95%, quickly approaching 100% losses, what's left other than hope and optimism?
I believe in the product, but I consider myself a realist. I'm swayed neither by the bashers nor the pumpers, optimism has led me astray in this before so it's now been removed from my investing decisions. The situation is what it is. The company is in dire straights with new all time lows daily, Nasdaq de-listing, poor sales, and a quickly disappearing financial runway.
But I'm not selling. My downside is limited to just a few more percentage points and I'm almost at a total loss already. What do I gain by selling now? My investment is sitting at a relative zero. I can either sell and hold absolute zero with no shares or hold for the possibility of recovery. I'll take door number #2.
That being said, something needs to happen and quickly or my relative zero becomes absolute whether I like it or not.
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Post by wmdhunt on Oct 17, 2016 13:39:29 GMT -5
Ditto. The tombstone is being engraved... Just hope MNKD doesn't have to use it yet. Not good.
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Post by saxcmann on Oct 17, 2016 13:51:18 GMT -5
In the face of 95%, quickly approaching 100% losses, what's left other than hope and optimism? I believe in the product, but I consider myself a realist. I'm swayed neither by the bashers nor the pumpers, optimism has led me astray in this before so it's now been removed from my investing decisions. The situation is what it is. The company is in dire straights with new all time lows daily, Nasdaq de-listing, poor sales, and a quickly disappearing financial runway. But I'm not selling. My downside is limited to just a few more percentage points and I'm almost at a total loss already. What do I gain by selling now? My investment is sitting at a relative zero. I can either sell and hold absolute zero with no shares or hold for the possibility of recovery. I'll take door number #2. That being said, something needs to happen and quickly or my relative zero becomes absolute whether I like it or not. Can't agree more. I'm not selling now. We need good news soon or news will be bankruptcy or R/S in my opinion.
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Post by omeshrin on Oct 17, 2016 14:31:07 GMT -5
First off, it is a down day. Secondly, what were we expecting for SP? The only way it would shoot up is on some news. But I don't think we were expecting them, so this should be no surprise. I am concerned about the cash situation more than SP, like most of you. Don't watch the SP and take it easy. It'll rise over 50 again
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Post by silentknight on Oct 17, 2016 14:44:33 GMT -5
Yes, the SP isn't as important as the financial situation or sales. You're correct in that.
However, it is a barometer of what the sentiment is for the company and with a share price at .46, it makes Matt's job of raising capital exponentially harder than it would be otherwise. Tapping the ATM for a few million shares at the current level gets you just a few million dollars; barely enough for MNKD to continue to operate for two weeks, let alone two years.
Offer a secondary? The same problem applies. MNKD would have to dilute the share count by tens of millions of shares to coup any significant amounts of money.
Not to mention the delisting issue. We are 20% in to the window for compliance and we've fallen considerably since then. The climb back to $1.00 gets tougher everyday we fall unless there is substantial good news, substantial sales or a R/S.
The share price that now sits under half a buck is a symptom of the totality of the circumstances. It's not important in the day to day operations, granted, but it's vastly important at pointing out investor confidence, market sentiment, and a crucial factor in solving some of MNKDs problems. MNKD needs cash to raise SP, increase sales, fuel R&D, and extend runway but can't get that cash until some (or all) of those things happen.
We need a private investor to step forward with deep pockets and good intentions, or a R/S and dilution. I'll honestly take either one right now, just address the uncertainty, please.
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