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Post by slugworth008 on Nov 3, 2016 12:26:33 GMT -5
Thought I'd toss out a survey for the board. Will the 800lb financing gorilla in the room be addressed on the CC?
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Post by dreamboatcruise on Nov 3, 2016 12:48:24 GMT -5
Probably, but likely not too pleasant.
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Post by mnholdem on Nov 3, 2016 13:32:01 GMT -5
If you had ended the wording of that statement "...to everyone's satisfaction", you'd likely get a very different poll result.
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Post by orlon on Nov 3, 2016 13:42:57 GMT -5
Financing will have to be addressed one way or another. Not sure if any analysts are still following the company, but if they are I'm sure they will ask about financing along with, ".41cents/shr? Really?? .41cents??"
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Post by Deleted on Nov 3, 2016 13:50:50 GMT -5
Im pretty interested in listening to this call. I have learned a lot about the market from MNKD. I will see this story through whether as an investor or from the side lines
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Post by dg1111 on Nov 3, 2016 13:55:42 GMT -5
I think they have to address it. The runway is down to a few months at this point. If they don't have a plan, I think they have to tell us that, too.
I'm still hoping for a miracle. This sort of feels like a good vs evil battle. A medicine that is greatly improving the lives of the people that use it, with many forces against it.
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Post by silentknight on Nov 3, 2016 14:04:04 GMT -5
They certainly need to. I think the way they do it will be painful, but they have to tell the company how they plan to keep the lights on past January or they will see their stock fall become even more worthless than it already is.
If they don't address financing, then bankruptcy is imminent in my opinion.
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Post by surplusvalue on Nov 3, 2016 14:12:51 GMT -5
They certainly need to. I think the way they do it will be painful, but they have to tell the company how they plan to keep the lights on past January or they will see their stock fall become even more worthless than it already is. If they don't address financing, then bankruptcy is imminent in my opinion. They needed to 6months ago. Both endos and the public (at least those limited numbers who actually know it even exists) needed to know that if they were prescribing Afrezza or taking it that it would still be around and not threatened by bankruptcy. In this respect MNKD management kneecapped their own 2.0. So if they dont at the very least address it now it suggests that management hasnt a clue .
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Post by nadathing on Nov 3, 2016 14:37:52 GMT -5
My guess is that they will tell us they are considering several options and offer no specifics on raising cash.
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Post by silentknight on Nov 3, 2016 14:49:19 GMT -5
My guess is that they will tell us they are considering several options and offer no specifics on raising cash. This is it. Par for the course. "We are considering all options...." generalities with no specifics is what I'm expecting.
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Post by MnkdWASmyRtrmntPlan on Nov 3, 2016 15:16:30 GMT -5
I'm in disbelief that half the votes are "No" (23 votes each). How can Mannkind, in its dire financial position, not talk about finance? That's really all there is for them to talk about. They cannot gloss over it, and they certainly cannot NOT talk about it. I think the people who voted "No" either didn't read the question, or misread it.
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Post by kdaddyfresh2000 on Nov 3, 2016 15:26:14 GMT -5
My guess is that they will tell us they are considering several options and offer no specifics on raising cash. Bingo. It will be a very careful parsing of words which will mean nothing when you think about it. Par for the course.
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Post by chuck on Nov 3, 2016 15:31:34 GMT -5
I expect them to fluff up potential non-dilutive financing options when in reality they are likely working on a proxy requesting shareholder approval for a reverse split and more shares being authorized, to be conveniently filed after the call. They only have enough authorized shares to raise about $20 million, or two months of cash burn.
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Post by goyocafe on Nov 3, 2016 16:17:22 GMT -5
I expect them to fluff up potential non-dilutive financing options when in reality they are likely working on a proxy requesting shareholder approval for a reverse split and more shares being authorized, to be conveniently filed after the call. They only have enough authorized shares to raise about $20 million, or two months of cash burn. I think if they reverse split, the authorized shares will increase dramatically without any further approval. Ex. 500,000,000 reverse split 50:1 would net outstanding shares of 10,000,000, resulting in a total authorized share pool (just from the reverse) of 490,000,000 shares. I think!
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Post by promann on Nov 3, 2016 16:19:06 GMT -5
Yes of coarse financing will be addressed! IMHO i think this will be a good CC with unexpected news that will bring us back over a buck SP after hours. Just one piece of good news is all we need and tell us how we are financed through 2017. Kaboom
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