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Post by liane on Jan 4, 2017 14:03:49 GMT -5
I thought Yahoo message boards were bad but this board has turned into Yahoo. The lies on here are disgraceful. If you expected more than one million in the first milestone payment then it is on you. Matt never said or said anything to lead you to believe it would be more than one million. The bashers on this site are worse than the old yahoo message board, now all we need is kevinmik and his short position to partake here. Maybe you'd prefer to participate on YMB instead of here?
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Post by agedhippie on Jan 4, 2017 15:39:05 GMT -5
It depends if the alternative is delisting. It may be that a reverse split is the only way to get the share price over $1. Again, haven't seen any reasonable convincing explanations in any threads about this topic as to why an RS would be preferable to delisting under the present circumstances in MNKD's specific case. The problem is that if the stock is delisted the institutions will drop it immediately, it almost certainly gets delisted from the TASE, all the trackers have to dump the stock, and I think the ATM disappears. That is going to put a huge amount of stock onto the market with no visible buyer. The stock price will go over a cliff.
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Post by surplusvalue on Jan 4, 2017 17:35:31 GMT -5
Again, haven't seen any reasonable convincing explanations in any threads about this topic as to why an RS would be preferable to delisting under the present circumstances in MNKD's specific case. The problem is that if the stock is delisted the institutions will drop it immediately, it almost certainly gets delisted from the TASE, all the trackers have to dump the stock, and I think the ATM disappears. That is going to put a huge amount of stock onto the market with no visible buyer. The stock price will go over a cliff. I've seen stocks delisted from main exchanges and the institutions dont bail...depends on the institution and who holds the principle stock. As for the TASE there are certainly stocks still listed on main european exchanges but delisted from e.g. nasdaq. Are you sure the ATM provision requires listing on the Nasdaq ? Do a RS (an act of desperation in this case)... do you think the institutions wont see it for what it is and bail;especially if there is nothing to hold the sp in place. Institutions wont need too much to surmise that the sp will spiral downward literally destroying any value left. You're forgetting this is already a targeted stock with an enormous short position just waiting for another opportunity to drive this down after a rs. Rinse and repeat. MNKD would be just inviting more punishment and it would get it ...in spades. The end result, delisting anyways in a very short time. After all this, then certainly, everyone could kiss their investment good-buy. MNKD needs to have something substantial to back up a RS otherwise its pointless. Either they have it fully ready or they dont. If they have something substantial then there would be no need for a rs.
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Post by sportsrancho on Jan 4, 2017 17:51:02 GMT -5
www.investopedia.com/ask/answers/05/delistingofsharesowned.aspWhen a stock drops down to either the OTCBB or the Pink Sheets, it suffers a loss in investors' confidence, as the company failed to meet the requirements of the trusted major exchanges. If the company remains delisted beyond a short period of time, institutional investors will likely stop researching and trading the stock, which means individual investors have access to much less information about the company. Liquidity and trading volume drop off as a result.
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Post by surplusvalue on Jan 4, 2017 17:57:23 GMT -5
www.investopedia.com/ask/answers/05/delistingofsharesowned.aspWhen a stock drops down to either the OTCBB or the Pink Sheets, it suffers a loss in investors' confidence, as the company failed to meet the requirements of the trusted major exchanges. If the company remains delisted beyond a short period of time, institutional investors will likely stop researching and trading the stock, which means individual investors have access to much less information about the company. Liquidity and trading volume drop off as a result. Dont you think it's just a little bit condescending to point us to an investopedia article as if it has some inherent merit? Think for a moment, does MNKD have investor confidence now? How many institutional investors are researching and trading the stock now? Please.....if all we had to do was to follow advice on investopedia then everyone would be rich. No? And didnt you bother to read my post above responding to agedhippie?
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Post by sportsrancho on Jan 4, 2017 18:03:00 GMT -5
www.investopedia.com/ask/answers/05/delistingofsharesowned.aspWhen a stock drops down to either the OTCBB or the Pink Sheets, it suffers a loss in investors' confidence, as the company failed to meet the requirements of the trusted major exchanges. If the company remains delisted beyond a short period of time, institutional investors will likely stop researching and trading the stock, which means individual investors have access to much less information about the company. Liquidity and trading volume drop off as a result. Dont you think it's just a little bit condescending to point us to an investopedia article as if it has some inherent merit? Think for a moment, does MNKD have investor confidence now? How many institutional investors are researching and trading the stock now? Please..... No I don't think it was condescending. Or I wouldn't have posted it? I've been in pink sheets stocks before and I couldn't buy or sell because of the low liquidity. Maybe I should have just said that? I didn't mean to offend you. Sorry
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Post by snowballsmommy on Jan 4, 2017 18:07:10 GMT -5
www.investopedia.com/ask/answers/05/delistingofsharesowned.aspWhen a stock drops down to either the OTCBB or the Pink Sheets, it suffers a loss in investors' confidence, as the company failed to meet the requirements of the trusted major exchanges. If the company remains delisted beyond a short period of time, institutional investors will likely stop researching and trading the stock, which means individual investors have access to much less information about the company. Liquidity and trading volume drop off as a result. Dont you think it's just a little bit condescending to point us to an investopedia article as if it has some inherent merit? Think for a moment, does MNKD have investor confidence now? How many institutional investors are researching and trading the stock now? Please.....if all we had to do was to follow advice on investopedia then everyone would be rich. No? And didnt you bother to read my post above responding to agedhippie? No I don't Sports....have to thank you for all your work, research, and comments....I often wait to see what you have to say on a subject!
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Post by surplusvalue on Jan 4, 2017 18:36:24 GMT -5
Dont you think it's just a little bit condescending to point us to an investopedia article as if it has some inherent merit? Think for a moment, does MNKD have investor confidence now? How many institutional investors are researching and trading the stock now? Please..... No I don't think it was condescending. Or I wouldn't have posted it? I've been in pink sheets stocks before and I couldn't buy or sell because of the low liquidity. Maybe I should have just said that? I didn't mean to offend you. Sorry Not offended at all (not that thin skinned as you probably already surmised) and no need to apologize at all.Nothing personal. What I meant was that we are all intelligent people here capable of thinking for ourselves so there is no need to point to some very general summary on investopedia about delisting to have an intelligent discussion about MNKD's situation. My responding to you was to reiterate that which we already know now and is quite self evident...MNKD already has virtually no institutional/investor/market confidence now...just look at the sp and its inability even while on nasdaq to raise capital (that's why they settled with Sanofi) so the "wisdom" of investopedia is irrelevant.
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Post by sophie on Jan 4, 2017 19:27:10 GMT -5
www.investopedia.com/ask/answers/05/delistingofsharesowned.aspWhen a stock drops down to either the OTCBB or the Pink Sheets, it suffers a loss in investors' confidence, as the company failed to meet the requirements of the trusted major exchanges. If the company remains delisted beyond a short period of time, institutional investors will likely stop researching and trading the stock, which means individual investors have access to much less information about the company. Liquidity and trading volume drop off as a result. Thanks for posting.
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Post by Deleted on Jan 4, 2017 19:50:04 GMT -5
I don't understand why people are confused about reverse splits: shares are reduced but ownership (shareholder equity) remains the same.
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Post by liane on Jan 4, 2017 20:04:40 GMT -5
I don't understand why people are confused about reverse splits: shares are reduced but ownership (shareholder equity) remains the same. Beats me!
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Post by mnkdfann on Jan 4, 2017 20:09:25 GMT -5
I don't understand why people are confused about reverse splits: shares are reduced but ownership (shareholder equity) remains the same. This might help enlighten those poor souls: www.investopedia.com/terms/r/reversesplit.asp (FWIW, the link above also notes that a stock that has undergone a reverse split may well come under renewed selling pressure.)
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Post by falconquest on Jan 4, 2017 20:17:39 GMT -5
I don't understand why people are confused about reverse splits: shares are reduced but ownership (shareholder equity) remains the same. Have you ever owned a stock that had a reverse split? If there is no positive news as to why they made the move then it tanks like a lead balloon. This is not just a mathematical function as some perceive. The market anticipates the future and if all you're doing with a reverse split is to qualify to stay on a given exchange it is viewed as a sign of weakness. This is investing 101 here.
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Post by Deleted on Jan 4, 2017 20:19:47 GMT -5
I don't understand why people are confused about reverse splits: shares are reduced but ownership (shareholder equity) remains the same. This might help enlighten those poor souls: www.investopedia.com/terms/r/reversesplit.asp (FWIW, the link above also notes that a stock that has undergone a reverse split may well come under renewed selling pressure.) Allow me to point out another biotechnology stock that was left for dead after its reverse split and is making a strong comeback: ZGNX. Enough said.
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Post by Deleted on Jan 4, 2017 20:23:04 GMT -5
I don't understand why people are confused about reverse splits: shares are reduced but ownership (shareholder equity) remains the same. Have you ever owned a stock that had a reverse split? If there is no positive news as to why they made the move then it tanks like a lead balloon. This is not just a mathematical function as some perceive. The market anticipates the future and if all you're doing with a reverse split is to qualify to stay on a given exchange it is viewed as a sign of weakness. This is investing 101 here. Yes I have and still do. Read post above
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