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Post by sayhey24 on Mar 1, 2017 20:07:49 GMT -5
There are people taking the other side of that trade and buying now. And buying a lot! I'm not one of them, but it will be interesting to see what happens in the next two months. We know Mike C. plunked down about $160k. Does he know something or is he just delusional? I sure hope its the former. You would think eventually things would makes sense. Over the long term they always do. Then again its MNKD which took almost 4 years to get human insulin which was already FDA approved, re-approved. I think things are about to finally start breaking MNKD's way, afrezza can only be held down for so long. |
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Post by dreamboatcruise on Mar 1, 2017 20:25:24 GMT -5
There are people taking the other side of that trade and buying now. And buying a lot! I'm not one of them, but it will be interesting to see what happens in the next two months. We know Mike C. plunked down about $160k. Does he know something or is he just delusional? I sure hope its the former. You would think eventually things would makes sense. Over the long term they always do. Then again its MNKD which took almost 4 years to get human insulin which was already FDA approved, re-approved. I think things are about to finally start breaking MNKD's way, afrezza can only be held down for so long. Where are you getting that $160k figure from? What I see is only $51k back in Aug. While $51k is nothing to sneeze at, we also know from Matt stating that share price would be over $1 by now that management sometimes has optimism that doesn't pan out. Mike hasn't purchased any recently, so he's not being delusional currently... to the extent buying now would be delusional. |
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Post by peppy on Mar 1, 2017 20:44:53 GMT -5
I think Matt thought the sanofi settlement would take share price up to the $1 mark.
price got to 80 cents
then the new sales team initiative started.
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Post by sayhey24 on Mar 1, 2017 21:05:43 GMT -5
We know Mike C. plunked down about $160k. Does he know something or is he just delusional? I sure hope its the former. You would think eventually things would makes sense. Over the long term they always do. Then again its MNKD which took almost 4 years to get human insulin which was already FDA approved, re-approved. I think things are about to finally start breaking MNKD's way, afrezza can only be held down for so long. Where are you getting that $160k figure from? What I see is only $51k back in Aug. While $51k is nothing to sneeze at, we also know from Matt stating that share price would be over $1 by now that management sometimes has optimism that doesn't pan out. Mike hasn't purchased any recently, so he's not being delusional currently... to the extent buying now would be delusional. I did it from memory. Now you made me go back and see how old am I getting and how bad my memory is. OK, you are correct. It is not $160k. For some reason I thought he paid something for the 80k purchase on 5/19. These were gifted. Here is what he bought totaling $121,700 5/17 50,000 at .93 $46,500 5/19 80,000 at .0 8/12 25,000 at $1 $25,000 8/23 25,000 at .94 $23,500 8/24 15,000 at .87 $13,050 8/26 17,500 at .78 $13,650 |
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Post by dreamboatcruise on Mar 1, 2017 21:52:14 GMT -5
Where are you getting that $160k figure from? What I see is only $51k back in Aug. While $51k is nothing to sneeze at, we also know from Matt stating that share price would be over $1 by now that management sometimes has optimism that doesn't pan out. Mike hasn't purchased any recently, so he's not being delusional currently... to the extent buying now would be delusional. I did it from memory. Now you made me go back and see how old am I getting and how bad my memory is. OK, you are correct. It is not $160k. For some reason I thought he paid something for the 80k purchase on 5/19. These were gifted. Here is what he bought totaling $121,700 5/17 50,000 at .93 $46,500 5/19 80,000 at .0 8/12 25,000 at $1 $25,000 8/23 25,000 at .94 $23,500 8/24 15,000 at .87 $13,050 8/26 17,500 at .78 $13,650 My mistake... well, mine and finance.yahoo.com. Guess I need a better place to look up insider transactions. I had forgotten about May and for some reason Yahoo is missing one of the Aug. Thanks for the corrections to both sides of the equation. |
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Post by saxcmann on Mar 1, 2017 22:19:34 GMT -5
I think Matt thought the sanofi settlement would take share price up to the $1 mark. price got to 80 cents then the new sales team initiative started. Exactly |
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Post by sayhey24 on Mar 2, 2017 6:39:23 GMT -5
I did it from memory. Now you made me go back and see how old am I getting and how bad my memory is. OK, you are correct. It is not $160k. For some reason I thought he paid something for the 80k purchase on 5/19. These were gifted. Here is what he bought totaling $121,700 5/17 50,000 at .93 $46,500 5/19 80,000 at .0 8/12 25,000 at $1 $25,000 8/23 25,000 at .94 $23,500 8/24 15,000 at .87 $13,050 8/26 17,500 at .78 $13,650 My mistake... well, mine and finance.yahoo.com. Guess I need a better place to look up insider transactions. I had forgotten about May and for some reason Yahoo is missing one of the Aug. Thanks for the corrections to both sides of the equation. Assuming the clock started 9/1, count 6 months and that puts us in March. While not legally needed, 6 months is about the right buffer space as to not raise any insider questions. Lets see what happens. Matt didn't seem to be in a rush to hold the R/S meeting and I think I was right about them not having doughnuts. |
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Post by promann on Mar 2, 2017 6:51:47 GMT -5
My mistake... well, mine and finance.yahoo.com. Guess I need a better place to look up insider transactions. I had forgotten about May and for some reason Yahoo is missing one of the Aug. Thanks for the corrections to both sides of the equation. Assuming the clock started 9/1, count 6 months and that puts us in March. While not legally needed, 6 months is about the right buffer space as to not raise any insider questions. Lets see what happens. Matt didn't seem to be in a rush to hold the R/S meeting and I think I was right about them not having doughnuts. We still need a confirmation on wether refreshments were there or not for the invited shareholder guest. Can't believe you brought that back up lol. I'd be shocked to learn that they had nothing.. |
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Post by peppy on Mar 2, 2017 13:13:20 GMT -5
What good would that do? Even if MNKD executed the R/S today there are not 10 business days remaining between now and March 13. So either way, MNKD technically needs an extension. (or commit to doing so). What is strange is if the reverse split had been authorized last week then the company would have had time to accumulate the ten consecutive business days with a bid above $1, instead they waited until it was impossible to do so. Now the decision of whether to stay listed is in the hands of two compliance lawyers at NASDAQ (they comprise the hearing panel) and that panel has the discretion to go either way. Why give them the chance to say no when you could have had the vote a week earlier and obtained a definite yes? quote: Even if MNKD does a reverse split today, it will be getting a delisting notice for the reason you stated. So long as the hearing is requested within seven days, the delisting is suspended pending the outcome of the hearing, and during that hearing process the company can pull the trigger on the reverse split
reply: so this is the plan? this is what will happen?
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Post by peppy on Mar 2, 2017 13:18:17 GMT -5
My post presumed that MNKD could get the SP above $1 before the 180 days. If they can't, they'll need to convince the NASDAQ that they'll be able to (within another 180 days) meet _Initial_ listing requirements, which are more stringent, and which require a shareholder equity test that MNKD won't pass until they make $200M in profit.
Personally, Matt, Agedhippie _and_ MNHoldem all have a lot of credibility in my books, despite not always agreeing with each other (or with me) quote: If they can't, they'll need to convince the NASDAQ that they'll be able to (within another 180 days) meet _Initial_ listing requirements, which are more stringent, and which require a shareholder equity test that MNKD won't pass until they make $200M in profit. reply: I am so confused. |
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Post by Deleted on Mar 2, 2017 13:19:29 GMT -5
My post presumed that MNKD could get the SP above $1 before the 180 days. If they can't, they'll need to convince the NASDAQ that they'll be able to (within another 180 days) meet _Initial_ listing requirements, which are more stringent, and which require a shareholder equity test that MNKD won't pass until they make $200M in profit.
Personally, Matt, Agedhippie _and_ MNHoldem all have a lot of credibility in my books, despite not always agreeing with each other (or with me) quote: If they can't, they'll need to convince the NASDAQ that they'll be able to (within another 180 days) meet _Initial_ listing requirements, which are more stringent, and which require a shareholder equity test that MNKD won't pass until they make $200M in profit. reply: I am so confused. Google it .😜 |
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Post by peppy on Mar 2, 2017 13:23:15 GMT -5
quote: If they can't, they'll need to convince the NASDAQ that they'll be able to (within another 180 days) meet _Initial_ listing requirements, which are more stringent, and which require a shareholder equity test that MNKD won't pass until they make $200M in profit. reply: I am so confused. Google it .😜 quote from two posts above; quote: Even if MNKD does a reverse split today, it will be getting a delisting notice for the reason you stated. So long as the hearing is requested within seven days, the delisting is suspended pending the outcome of the hearing, and during that hearing process the company can pull the trigger on the reverse split
reply: so this is the plan? this is what will happen?
Iam2 perhaps you know.
Which is it? heh
(I google a lot. I am sorry you are so unhappy.)
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Post by Deleted on Mar 2, 2017 13:29:46 GMT -5
quote from two posts above; quote: Even if MNKD does a reverse split today, it will be getting a delisting notice for the reason you stated. So long as the hearing is requested within seven days, the delisting is suspended pending the outcome of the hearing, and during that hearing process the company can pull the trigger on the reverse split
reply: so this is the plan? this is what will happen?
Iam2 perhaps you know.
Which is it? heh
(I google a lot. I am sorry you are so unhappy.)
I don't know and it's honestly a moot point. Split is effective tomorrow. So what are we solving here? I would rather pray it doesn't get knocked down again |
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Post by peppy on Mar 2, 2017 13:32:52 GMT -5
perhaps I am confused more than I think. It seems that delisting is still out there? I am looking to see how it is/was solved.
Too difficult for me. I need someone to tell me.
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Post by dreamboatcruise on Mar 2, 2017 14:13:04 GMT -5
My mistake... well, mine and finance.yahoo.com. Guess I need a better place to look up insider transactions. I had forgotten about May and for some reason Yahoo is missing one of the Aug. Thanks for the corrections to both sides of the equation. Assuming the clock started 9/1, count 6 months and that puts us in March. While not legally needed, 6 months is about the right buffer space as to not raise any insider questions. Lets see what happens. Matt didn't seem to be in a rush to hold the R/S meeting and I think I was right about them not having doughnuts. Management wasn't in a rush to raise capital when it could have been done with far less pain. Delaying things until the last minute isn't necessarily a virtue. |
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