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Post by goyocafe on Mar 3, 2017 10:15:47 GMT -5
Who the hell has the 'super secret master plan?' Ask Mikesmilitaria |
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Post by babaoriley on Mar 3, 2017 10:32:05 GMT -5
Wow, can you imagine what the price would be if we had reverse split out of desperation rather than a position of strength?
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Post by yash on Mar 3, 2017 10:45:20 GMT -5
Baba, what is that secret position of strength that is holding the price?
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Post by peppy on Mar 3, 2017 10:47:52 GMT -5
Baba, what is that secret position of strength that is holding the price? Yash, Baba was referring to Matt's statement at the announcement, paraphrasing. "we are doing the reverse split out of a position of strength."
Baba!
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Post by peppy on Mar 3, 2017 10:56:14 GMT -5
chit.
the double bottom of the last bottom is approaching.
damn a break |
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Post by babaoriley on Mar 3, 2017 11:21:44 GMT -5
It certainly is, peppy. I was a little surprised at the 5 to 1, rather than 10 to 1, but I can see a possible rationale for it. Maybe they thought $5 would be an even brighter red target for shorts. However, the specter of the price being driven below a buck quickly, such that we don't get the 10 days over a buck thing rears its head in my sick mind. That would be the penultimate insult.
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Post by peppy on Mar 3, 2017 11:24:23 GMT -5
one million share (times 5) in 1 hour and 50 mins.
www.nasdaq.com/symbol/mnkd/real-time huge volume as MNKD was only doing 2 million avg a day before the split.
if only they were buyers
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Post by esstan2001 on Mar 3, 2017 11:30:12 GMT -5
It certainly is, peppy. I was a little surprised at the 5 to 1, rather than 10 to 1, but I can see a possible rationale for it. Maybe they thought $5 would be an even brighter red target for shorts. However, the specter of the price being driven below a buck quickly, such that we don't get the 10 days over a buck thing rears its head in my sick mind. That would be the penultimate insult. Yes it would. Let's hope those shorts have some manners!! |
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Post by alethea on Mar 3, 2017 11:30:35 GMT -5
It certainly is, peppy. I was a little surprised at the 5 to 1, rather than 10 to 1, but I can see a possible rationale for it. Maybe they thought $5 would be an even brighter red target for shorts. However, the specter of the price being driven below a buck quickly, such that we don't get the 10 days over a buck thing rears its head in my sick mind. That would be the penultimate insult. At $5 THEY would have to short the price down by 80% rather than only 40% to drive it again under $1. With needed additional equity funding on the horizon, a 40% decline in PPS was almost a foregone conclusion. IMHO, 5 for 1 is either criminally stupid or maybe just criminal. Starting to wonder about the BOD. |
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Post by peppy on Mar 3, 2017 11:36:02 GMT -5
volume slowing now. the two hour mark has hit, volume does slow down now most every day.
European markets closes now.
2 hour and 4 min volume, 1,071,832.
MNKD had a big seller this morning.
www.nasdaq.com/symbol/mnkd/real-time
it will be a huge loss to diabetics if this insulin treatment goes down. Sadistic
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Post by compound26 on Mar 3, 2017 11:37:33 GMT -5
It certainly is, peppy. I was a little surprised at the 5 to 1, rather than 10 to 1, but I can see a possible rationale for it. Maybe they thought $5 would be an even brighter red target for shorts. However, the specter of the price being driven below a buck quickly, such that we don't get the 10 days over a buck thing rears its head in my sick mind. That would be the penultimate insult. At $5 THEY would have to short the price down by 80% rather than only 40% to drive it again under $1. With needed additional equity funding on the horizon, a 40% decline in PPS was almost a foregone conclusion. IMHO, 5 for 1 is either criminally stupid or maybe just criminal. Starting to wonder about the BOD. 60% (not 40%) at $2.5. 1.5/2.5=60%. |
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Post by peppy on Mar 3, 2017 11:44:39 GMT -5
we have seen this trading pattern before, now price flatlines the rest of the day. (please)
insert swear word, chit, the SEC meeting with MNKD in days to talk about the listing.
obviously, people could care less what the continuous glucose monitor says. Unless you are the one wearing it. |
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Post by alethea on Mar 3, 2017 11:50:45 GMT -5
At $5 THEY would have to short the price down by 80% rather than only 40% to drive it again under $1. With needed additional equity funding on the horizon, a 40% decline in PPS was almost a foregone conclusion. IMHO, 5 for 1 is either criminally stupid or maybe just criminal. Starting to wonder about the BOD. 60% (not 40%) at $2.5. 1.5/2.5=60%. Yes, you are correct. However in the back of my mind I was just assuming that the 2.50 would be very rapidly pushed down near $2. And from $2 it only takes a 50% haircut to again raise the ugly spectre of Delisting. Must admit I didn't think it would be under $2 TODAY. Still, I think 5 for 1 was insane. |
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Post by otherottawaguy on Mar 3, 2017 11:51:54 GMT -5
Bright side is they exceeded the 10% decline, which will limit shorting until Tuesday.
Rule 201 includes the following features:
•Short Sale-Related Circuit Breaker: The circuit breaker would be triggered for a security any day in which the price declines by 10 percent or more from the prior day's closing price.
•Duration of Price Test Restriction: Once the circuit breaker has been triggered, the alternative uptick rule would apply to short sale orders in that security for the remainder of the day as well as the following day.
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Post by peppy on Mar 3, 2017 11:56:50 GMT -5
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