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Post by LongMNKD on Aug 30, 2017 12:48:38 GMT -5
up 16% 1.94 whats going on today? I like it....
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Post by wgreystone on Aug 30, 2017 12:53:07 GMT -5
up 16% 1.94 whats going on today? I like it.... Oops. Sold some of my shares too early. |
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Post by papatoto on Aug 30, 2017 12:53:53 GMT -5
Risen from the dead. Something is up. No news that I can see.
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Post by peppy on Aug 30, 2017 12:54:17 GMT -5
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Post by derek2 on Aug 30, 2017 12:59:24 GMT -5
Maybe the market thinks that MNKD is getting the debt extension until October from Deerfield? That seems like a logical guess (and only a guess) based on the extension / $10 M due date being tomorrow.
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Post by kc on Aug 30, 2017 13:11:32 GMT -5
Smoking hot rate to borrow shares at Fidelity....... Kaboom..... 99% you better call now and lock in that rate.
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Post by centralcoastinvestor on Aug 30, 2017 13:11:45 GMT -5
Wow! Amazing price action.
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Post by akemp3000 on Aug 30, 2017 13:17:03 GMT -5
Is it real this time or just another illusion? I'm going with real based on the timing and it seeming like Mike C's master plan is building steam. If real, shorts will panic and this thing could really jump. We'll see.
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Post by LongMNKD on Aug 30, 2017 13:20:03 GMT -5
Glad I picked up an extra 1000 mnkd earlier today. Can't wait to see what would happen with new label and new class ultra-rapid insulin. Now will the gain hold? With this kind of upward momentum I almost expect a crash.
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Post by peppy on Aug 30, 2017 13:20:43 GMT -5
Is it real this time or just another illusion? I'm going with real based on the timing and it seeming like Mike C's master plan is building steam. If real, shorts will panic and this thing could really jump. We'll see. it is real, breaking through downtrend lines on high volume.
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Post by boytroy88 on Aug 30, 2017 13:21:41 GMT -5
Glad I picked up an extra 1000 mnkd earlier today. Can't wait to see what would happen with new label and new class ultra-rapid insulin. Now will the gain hold? With this kind of upward momentum I almost expect a crash. Don't jinx it...lol |
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Post by sportsrancho on Aug 30, 2017 13:26:09 GMT -5
We need to break the 200 day on high volume. Then the real rally starts.
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Post by madog365 on Aug 30, 2017 13:26:43 GMT -5
Maybe the market thinks that MNKD is getting the debt extension until October from Deerfield? That seems like a logical guess (and only a guess) based on the extension / $10 M due date being tomorrow. You could be on to something - here is the excerpt from the 10q On June 29, 2017, the Company entered into the Third Amendment with Deerfield, pursuant to which the Company agreed to, among other things, (i) exchange $5.0 million principal amount under the 2019 notes for 3,584,230 shares of the Company’s common stock (the “June Exchange Shares”) at an exchange price of $1.395 per share and (ii) amend the Facility Agreement with Deerfield, to (A) defer the payment of $10.0 million in principal amount of the 2019 notes from the original July 18, 2017 due date to August 31, 2017, with an option for the Company to elect to further defer the payment of such principal amount from August 31, 2017 to October 31, 2017 upon the Company’s delivery on August 31, 2017 of a written certification to Deerfield that certain conditions have been met, including that no event of default under the Facility Agreement has occurred, Michael Castagna remains the Company’s Chief Executive Officer, the Company has received the advance from The Mann Group (see Note 5 — Related-Party Arrangements), the Company has at least $10 million in cash and cash equivalents on hand, no material adverse effect on the Company has occurred, the engagement letter between the Company and Greenhill & Co., Inc. (“Greenhill”) has remained in full force and effect and Greenhill has remained actively engaged in exploring capital structure and financial alternatives on behalf of the Company in accordance with such engagement letter (collectively, the “Extension Conditions”), and (B) amend the Company’s financial covenant under the Facility Agreement to provide that, if the Extension Conditions remain satisfied, the obligation under the Facility Agreement to maintain at least $25 million in cash (including available borrowings under The Mann Group Loan Arrangement) as of the end of each quarter will be reduced to $10 million as of August 31, 2017, September 30, 2017, October 31, 2017 and December 31, 2017. |
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Post by wgreystone on Aug 30, 2017 13:28:37 GMT -5
We need to break the 200 day on high volume. Then the real rally starts. We need some really good news. Otherwise, it's just traders chasing the momentum. |
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Post by captainwalker on Aug 30, 2017 13:29:37 GMT -5
We're right on the 200 day, correct? Looks like $1.97-$2.00 or so?
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