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Post by sla55 on Feb 21, 2017 9:06:23 GMT -5
investors.mannkindcorp.com/releasedetail.cfm?ReleaseID=1012684MannKind Receives $16.7 Million From Sale of Valencia Property VALENCIA, Calif., Feb. 21, 2017 (GLOBE NEWSWIRE) -- MannKind Corporation (NASDAQ:MNKD) (TASE:MNKD) today confirmed that it received $16.7 million on February 17, 2017, upon closing the sale of real estate owned by the Company in Valencia, California, net of closing costs. About MannKind Corporation MannKind Corporation (NASDAQ:MNKD) (TASE:MNKD) focuses on the discovery, development and commercialization of therapeutic products for patients with diseases such as diabetes. MannKind maintains a website at www.mannkindcorp.com to which MannKind regularly posts copies of its press releases as well as additional information about MannKind. Interested persons can subscribe on the MannKind website to e-mail alerts that are sent automatically when MannKind issues press releases, files its reports with the Securities and Exchange Commission or posts certain other information to the website.
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Post by Deleted on Feb 21, 2017 9:19:14 GMT -5
How much did they state it was sold for on conference call or prior too?
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Post by kbrion77 on Feb 21, 2017 9:24:40 GMT -5
How much did they state it was sold for on conference call or prior too? I think at JPMorgan conference Matt stated about $17MM sale so this looks consistent. No doubt they are working hard and are basically doing everything they have stated EXCEPT selling the damn drug. |
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Post by Deleted on Feb 21, 2017 9:25:35 GMT -5
Its good the numbers are on par. No much skin in the game but transparency is must.
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Post by sla55 on Feb 21, 2017 9:26:36 GMT -5
How much did they state it was sold for on conference call or prior too? Item 1.01 Entry into a Material Definitive Agreement. On January 6, 2017, MannKind Corporation (the "Company") entered into an Agreement of Purchase and Sale and Joint Escrow Instructions (the "Purchase Agreement") with Rexford Industrial Realty, L.P. ("Rexford"), pursuant to which, subject to certain conditions, the Company agreed to sell, and Rexford agreed to purchase, certain parcels of real estate owned by the Company in Valencia, California, which include 11.41 acres of land and an approximately 146,000 square foot building, and all of the improvements, personal property, equipment, supplies and fixtures owned by the Company and used in the operation of, and located at, such property, except certain excluded items (collectively, the "Property"). The purchase price of the Property is $17.3 million, of which amount $500,000 has been deposited by Rexford in escrow and the balance of which is to be deposited with the escrow holder in connection with the closing of the transaction.
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Post by tingtongtung on Feb 21, 2017 13:52:54 GMT -5
So, the family silver is sold as well now. There is nothing else to sell to raise cash (yes, dilution is next)..
RS is the way to go to continue to be traded on NASDAQ. Assuming 10:1 (why get stuck below $5), I hope they come up with a secondary already done (as someone already suggested) to raise some cash (I'm sure they need $100million to last another 12/18 months with ads and stuff?).
I'm sure there will be renewed shorting. Hopefully, hopefully the scripts start going up in the coming weeks. May be 40 cents ($4) is the bottom for the next 2-3 months after dilution?
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Post by dreamboatcruise on Feb 21, 2017 14:12:51 GMT -5
So, the family silver is sold as well now. There is nothing else to sell to raise cash (yes, dilution is next).. RS is the way to go to continue to be traded on NASDAQ. Assuming 10:1 (why get stuck below $5), I hope they come up with a secondary already done (as someone already suggested) to raise some cash (I'm sure they need $100million to last another 12/18 months with ads and stuff?). I'm sure there will be renewed shorting. Hopefully, hopefully the scripts start going up in the coming weeks. May be 40 cents ($4) is the bottom for the next 2-3 months after dilution? Seems hard to predict the bottom as it would all depend on how successful a share offering would be. Though it is very easy to imagine we retest our all time lows, and potentially breach. Seems obvious that at times (e.g. TASE offering) things have not turned out as management hoped... and they have more visibility than we do. Right now it is hard for me to see how they could have a successful offering that would raise $100M. Maybe they can package a secondary as you suggest. If they pull it off I will nominate Matt for turn around artist of the year. |
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Post by sportsrancho on Feb 21, 2017 19:56:51 GMT -5
So, the family silver is sold as well now. There is nothing else to sell to raise cash (yes, dilution is next).. RS is the way to go to continue to be traded on NASDAQ. Assuming 10:1 (why get stuck below $5), I hope they come up with a secondary already done (as someone already suggested) to raise some cash (I'm sure they need $100million to last another 12/18 months with ads and stuff?). I'm sure there will be renewed shorting. Hopefully, hopefully the scripts start going up in the coming weeks. May be 40 cents ($4) is the bottom for the next 2-3 months after dilution? Sounds about right to me. Then we start to climb around June-July ( as in PPS if scripts have taken off:-) and Matt will be saying...How Do You Like Me Now? ( Toby Keith ) |
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Post by saxcmann on Feb 21, 2017 20:22:11 GMT -5
So, the family silver is sold as well now. There is nothing else to sell to raise cash (yes, dilution is next).. RS is the way to go to continue to be traded on NASDAQ. Assuming 10:1 (why get stuck below $5), I hope they come up with a secondary already done (as someone already suggested) to raise some cash (I'm sure they need $100million to last another 12/18 months with ads and stuff?). I'm sure there will be renewed shorting. Hopefully, hopefully the scripts start going up in the coming weeks. May be 40 cents ($4) is the bottom for the next 2-3 months after dilution? Sounds about right to me. Then we start to climb around June-July ( as in PPS if scripts have taken off:-) and Matt will be saying...How Do You Like Me Now? ( Toby Keith ) If dilution comes before scripts rising in June-July we'll see $2.50-3.00? Shorts will hammer down. mnkd smart enough to wait or just dilute after RS? |
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Post by sportsrancho on Feb 21, 2017 21:01:00 GMT -5
Sounds about right to me. Then we start to climb around June-July ( as in PPS if scripts have taken off:-) and Matt will be saying...How Do You Like Me Now? ( Toby Keith ) If dilution comes before scripts rising in June-July we'll see $2.50-3.00? Shorts will hammer down. mnkd smart enough to wait or just dilute after RS? I guess if they were confident they would wait. But maybe better to get it over with? ( So the pps can find a bottom?) |
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Post by rockstarrick on Feb 21, 2017 21:19:49 GMT -5
So, the family silver is sold as well now. There is nothing else to sell to raise cash (yes, dilution is next).. RS is the way to go to continue to be traded on NASDAQ. Assuming 10:1 (why get stuck below $5), I hope they come up with a secondary already done (as someone already suggested) to raise some cash (I'm sure they need $100million to last another 12/18 months with ads and stuff?). I'm sure there will be renewed shorting. Hopefully, hopefully the scripts start going up in the coming weeks. May be 40 cents ($4) is the bottom for the next 2-3 months after dilution? Sounds about right to me. Then we start to climb around June-July ( as in PPS if scripts have taken off:-) and Matt will be saying...How Do You Like Me Now? ( Toby Keith ) Great song !! Funny story, I was headlining with Steppenwolf and Blue Oyster Cult @ Bike Week in Las Vegas, I'm on stage thumping my Bass in front of 20,000 people when I hear this Young Lady in the front row yell "Hi Rick" !!!. It was my 9th grade girlfriend that kicked me to the curb for being a Musician. it was a moral victory for me, that song always reminds me of that night. The end ! |
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Post by sportsrancho on Feb 21, 2017 21:21:46 GMT -5
Sounds about right to me. Then we start to climb around June-July ( as in PPS if scripts have taken off:-) and Matt will be saying...How Do You Like Me Now? ( Toby Keith ) Great song !! Funny story, I was headlining with Steppenwolf and Blue Oyster Cult @ Bike Week in Las Vegas, I'm on stage thumping my Bass in front of 20,000 people when I hear this Young Lady in the front row yell "Hi Rick" !!!. It was my 9th grade girlfriend that kicked me to the curb for being a Musician. it was a moral victory for me, that song always reminds me of that night. The end ! Well I can sure see why! OMG a Great story! |
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Post by rockstarrick on Feb 21, 2017 21:25:07 GMT -5
Great song !! Funny story, I was headlining with Steppenwolf and Blue Oyster Cult @ Bike Week in Las Vegas, I'm on stage thumping my Bass in front of 20,000 people when I hear this Young Lady in the front row yell "Hi Rick" !!!. It was my 9th grade girlfriend that kicked me to the curb for being a Musician. it was a moral victory for me, that song always reminds me of that night. The end ! Well I can sure see why! OMG a Great story! It was a nice touch to an already amazing weekend. |
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Post by mnholdem on Feb 21, 2017 21:41:07 GMT -5
[Clipped] I'm sure there will be renewed shorting. Hopefully, hopefully the scripts start going up in the coming weeks. May be 40 cents ($4) is the bottom for the next 2-3 months after dilution? Sounds about right to me. Then we start to climb around June-July ( as in PPS if scripts have taken off:-) and Matt will be saying...How Do You Like Me Now? ( Toby Keith ) |
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Post by surplusvalue on Feb 22, 2017 1:14:11 GMT -5
So, the family silver is sold as well now. There is nothing else to sell to raise cash (yes, dilution is next).. RS is the way to go to continue to be traded on NASDAQ. Assuming 10:1 (why get stuck below $5), I hope they come up with a secondary already done (as someone already suggested) to raise some cash (I'm sure they need $100million to last another 12/18 months with ads and stuff?). I'm sure there will be renewed shorting. Hopefully, hopefully the scripts start going up in the coming weeks. May be 40 cents ($4) is the bottom for the next 2-3 months after dilution? Seems hard to predict the bottom as it would all depend on how successful a share offering would be. Though it is very easy to imagine we retest our all time lows, and potentially breach. Seems obvious that at times (e.g. TASE offering) things have not turned out as management hoped... and they have more visibility than we do. Right now it is hard for me to see how they could have a successful offering that would raise $100M. Maybe they can package a secondary as you suggest. If they pull it off I will nominate Matt for turn around artist of the year. Remember that whatever the split is it also reduces the available authorized shares by the same figure. A 1 for 10 split reduces that substantially and makes a larger cash raise problematic. I could be wrong but I'm increasingly thinking it wont be 1 for 10. That's assuming a split takes place. |
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