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Post by slugworth008 on Feb 10, 2017 9:51:58 GMT -5
Additionally, Al disliked the short interests. Effecting a R/S to dry up supply of the stock would help to reduce interest in shorting MNKD. Furthermore, a sufficiently structured rights offering along with a debt restructuring could be very painful for the short interests. Any dilution could be controlled while keeping the supply of shares low. The idea would be to force the shorts out of their positions. Launching a number of initiatives that bring good news and growth quarter over quarter would grow demand for the stock while the supply is constrained. Under normal circumstances, I am not a fan of a reverse split, but under this circumstance, I see the need to reduce the number of shares to put the equity in a better position for growth. Take your lumps and hold if you ask me because one cannot easily predict when good news may be released. Lakon we've all been routinely taking our lumps....and we've been waiting for good news for a looong time. I agree with your post though..
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Post by dreamboatcruise on Feb 10, 2017 13:21:14 GMT -5
I'm curious to know what people think the likelihood of dilution is after the R/S? If people believe it will happen, how soon do you expect it? As crazy as it sounds, I actually might use the R/S as a chance to average down (more). Obviously, dilution would be disastrous for current shareholders and buying before the dilution would be stupid. Just trying to time a possible purchase correctly and take advantage of MNKD's weakness, assuming they can eventually right the ship. *I caveat this by saying that I realize that I'm incredibly stupid for even thinking of investing more money in to MNKD, seeing how I'm six figures underwater. I'm so far in the hole, my warped logic can almost convince me that averaging down my share price to under $2 might actually pay off if we can sell Afrezza to more people nationwide in a week than your average local Chipotle serves in an afternoon. Might be wiser investment to buy burritos at Chipotle I certainly will not be trying to catch a bottom this time. I'll wait for something that clearly shows MNKD has overcome risk running out of money, even knowing that will mean I'm not going to be buying at a bottom. If MNKD gets back on solid footing I believe it will still be a long time before Afrezza's real potential is appreciated by investing community and thus ample buying opportunity to participate in significant share price increase over time. promann... ever since the drop from double digits after SNY deal began, there have been those stating the bottom had arrived based purely on hope as you currently are. I will agree with the last part of your post. Those buying now as you suggest will certainly be counting on good luck.
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Post by promann on Feb 10, 2017 13:41:31 GMT -5
I'm curious to know what people think the likelihood of dilution is after the R/S? If people believe it will happen, how soon do you expect it? As crazy as it sounds, I actually might use the R/S as a chance to average down (more). Obviously, dilution would be disastrous for current shareholders and buying before the dilution would be stupid. Just trying to time a possible purchase correctly and take advantage of MNKD's weakness, assuming they can eventually right the ship. *I caveat this by saying that I realize that I'm incredibly stupid for even thinking of investing more money in to MNKD, seeing how I'm six figures underwater. I'm so far in the hole, my warped logic can almost convince me that averaging down my share price to under $2 might actually pay off if we can sell Afrezza to more people nationwide in a week than your average local Chipotle serves in an afternoon. Might be wiser investment to buy burritos at Chipotle I certainly will not be trying to catch a bottom this time. I'll wait for something that clearly shows MNKD has overcome risk running out of money, even knowing that will mean I'm not going to be buying at a bottom. If MNKD gets back on solid footing I believe it will still be a long time before Afrezza's real potential is appreciated by investing community and thus ample buying opportunity to participate in significant share price increase over time. promann ... ever since the drop from double digits after SNY deal began, there have been those stating the bottom had arrived based purely on hope as you currently are. I will agree with the last part of your post. Those buying now as you suggest will certainly be counting on good luck. My theory on the stock price being a good buy now or near bottom has nothing absolutely nothing to do with being based on purely on hope so please don't try to put words in my mouth. I'm not going to go on and on about why this time and every other time have total different circumstances. We are in a time with MNKD now that is New to us and should be treated as a beginning of a start up company with a FDA approved best drug for treatment of the worst disease in the world. If you think I'm a new investor in MNKD think again I have been through all the many disappointments.
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Post by dreamboatcruise on Feb 10, 2017 13:56:01 GMT -5
Might be wiser investment to buy burritos at Chipotle I certainly will not be trying to catch a bottom this time. I'll wait for something that clearly shows MNKD has overcome risk running out of money, even knowing that will mean I'm not going to be buying at a bottom. If MNKD gets back on solid footing I believe it will still be a long time before Afrezza's real potential is appreciated by investing community and thus ample buying opportunity to participate in significant share price increase over time. promann ... ever since the drop from double digits after SNY deal began, there have been those stating the bottom had arrived based purely on hope as you currently are. I will agree with the last part of your post. Those buying now as you suggest will certainly be counting on good luck. My theory on the stock price being a good buy now or near bottom has nothing absolutely nothing to do with being based on purely on hope so please don't try to put words in my mouth. I'm not going to go on and on about why this time and every other time have total different circumstances. We are in a time with MNKD now that is New to us and should be treated as a beginning of a start up company with a FDA approved best drug for treatment of the worst disease in the world. If you think I'm a new investor in MNKD think again I have been through all the many disappointments. Wasn't putting words in your mouth. I was making an assessment of your position. The merits of Afrezza are as they have always been... nothing new there. You can characterize as a startup, but it is a startup that is quickly running out of money. MNKD faces a real risk of needing to do a capital raise leading to massive dilution, or perhaps being at a point where that simply isn't possible and bankruptcy occurs. I hope that does not happen, but there is no factual based argument that these are not real possibilities which could take the price much lower than where we are currently... even if we all agree that Afrezza has blockbuster potential. I too am very long term investor. Many long term investors have drastically misjudged the risks over the entire long term. I'd pay particular attention to a long term investor that can point to any of there posts from a year ago predicting a very hard, slow process to build sales and that share price would significantly drop before a turn around. If someone could do that and now was saying they think it's a good buy, I would take their opinion very seriously. Most long term investors have been consistently wrong during this entire painful plunge, always underplaying the risks.
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Post by sportsrancho on Feb 10, 2017 14:18:03 GMT -5
Might be wiser investment to buy burritos at Chipotle I certainly will not be trying to catch a bottom this time. I'll wait for something that clearly shows MNKD has overcome risk running out of money, even knowing that will mean I'm not going to be buying at a bottom. If MNKD gets back on solid footing I believe it will still be a long time before Afrezza's real potential is appreciated by investing community and thus ample buying opportunity to participate in significant share price increase over time. promann ... ever since the drop from double digits after SNY deal began, there have been those stating the bottom had arrived based purely on hope as you currently are. I will agree with the last part of your post. Those buying now as you suggest will certainly be counting on good luck. My theory on the stock price being a good buy now or near bottom has nothing absolutely nothing to do with being based on purely on hope so please don't try to put words in my mouth. I'm not going to go on and on about why this time and every other time have total different circumstances. We are in a time with MNKD now that is New to us and should be treated as a beginning of a start up company with a FDA approved best drug for treatment of the worst disease in the world. If you think I'm a new investor in MNKD think again I have been through all the many disappointments. I agree:-). My theory is most people, including myself, think one thing. (We're gonna get slaughtered ) Which makes me wonder if the opposite may happen...
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Post by Deleted on Feb 10, 2017 14:42:30 GMT -5
Investors have been slaughtered. What sucks is that interest on shares are no longer very high so the likley hood of even a squeeze to make some gains has gone out the window. Its all dependent on scripts and we see how thats gone so far.
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Post by cedafuntennis on Feb 10, 2017 16:25:20 GMT -5
That is so true, however MNKD management never proved to be so astute about share price/float management at all. They had many many opportunities to stock up cash reserves and never contemplated it at the right time. All actions have been reactionary rather then preventive.
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Post by anotherjoe on Feb 10, 2017 20:39:04 GMT -5
"II:reduce the number of authorized shares of our common stock in a corresponding proportion to the reverse stock split, rounded to the nearest whole share (collectively, the “Reverse Split Proposal”);"
No equity financing.
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Post by chuck on Feb 10, 2017 20:58:26 GMT -5
"II:reduce the number of authorized shares of our common stock in a corresponding proportion to the reverse stock split, rounded to the nearest whole share (collectively, the “Reverse Split Proposal”);" No equity financing. The have enough authorized shares to do another round of dilutive financing in June that will get them to the end of the year, so they can reduce the number of authorized shares as part of the reverse split. Once they get to Nov/Dec, they can go back to shareholders to increase the number of authorized to hit shareholders in the face for around round of equity financing.
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Post by slugworth008 on Feb 10, 2017 21:22:49 GMT -5
"II:reduce the number of authorized shares of our common stock in a corresponding proportion to the reverse stock split, rounded to the nearest whole share (collectively, the “Reverse Split Proposal”);" No equity financing. The have enough authorized shares to do another round of dilutive financing in June that will get them to the end of the year, so they can reduce the number of authorized shares as part of the reverse split. Once they get to Nov/Dec, they can go back to shareholders to increase the number of authorized to hit shareholders in the face for around round of equity financing. www.youtube.com/watch?v=GU0d8kpybVg
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Post by lakon on Feb 12, 2017 6:00:44 GMT -5
The have enough authorized shares to do another round of dilutive financing in June that will get them to the end of the year, so they can reduce the number of authorized shares as part of the reverse split. Once they get to Nov/Dec, they can go back to shareholders to increase the number of authorized to hit shareholders in the face for around round of equity financing. www.youtube.com/watch?v=GU0d8kpybVgAre you saying that MNKD is the Black Knight? Sir SNY, perhaps, we can abbreviate it as BK...
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