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Post by mikesmilitaria on Mar 2, 2017 14:00:16 GMT -5
Well, the pps on Friday will be ~$2.50 which can be easily attacked unless MNKD will begin releasing positive news on a continuous basis to march the pps north. I expect no news tomorrow but instead, news releases over the week end. I sincerely believe we will see a reversal of the status quo with this R/S. I'm confident all the silence and non-transparency had key purposes which will be revealed in the coming weeks. I do not think the pps will change much during trading tomorrow as the sellers will be countered with purchases from the Mann Foundation.
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Deleted
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1:5 split
Mar 2, 2017 14:02:29 GMT -5
via mobile
Post by Deleted on Mar 2, 2017 14:02:29 GMT -5
Well, the pps on Friday will be ~$2.50 which can be easily attacked unless MNKD will begin releasing positive news on a continuous basis to march the pps north. I expect no news tomorrow but instead, news releases over the week end. I sincerely believe we will see a reversal of the status quo with this R/S. I'm confident all the silence and non-transparency had key purposes which will be revealed in the coming weeks. I do not think the pps will change much during trading tomorrow as the sellers will be countered with purchases from the Mann Foundation. Ok did Mann foundation tell you that they will be purchasing? For how many dollars?
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Post by surplusvalue on Mar 2, 2017 14:08:44 GMT -5
You should actually read my posts and the corresponding discussions before you respond. And if you are going to quote me dont leave out the reference to where I explain why dilution would be unfavorable. And the RS is today, if you were not paying attention. And there certainly has been a lot of discussion about dilution and what makes you think MNKD would discuss it? They would just do it. "Only then would they be expected to talk about dilution." No shit sherlock. When I refer to immediate dillution its figurative not literal; it means soon after the RS. As for immediate dilution I'm certainly more comfortable with my assessment than yours; not that I'm aware that you offered any reasoned assessment at all. I did read your posts etc. and I did not think it necessary to quote your complete 4 paragraphs as YOUR POST WAS DIRECTLY ABOVE MINE! Geez, gimme a break. And I apologize if English is your second language and you are not up on verb tenses, but the RS only goes into effect today AFTER HOURS. That is in the future. It has not yet happened. Also, the shares have to trade above $1 for 10 days. That is ALSO IN THE FUTURE from now. As I said, it does not make sense for MNKD to 'talk' (i.e. issue a PR, make an SEC filing) about dilution until AFTER those events have taken place. (At least you agree with me about that.) So I would not expect any dilution announcement until end of March / April, around the time of the next quarterly earnings conference call. Nothing wrong with my language skills. Nice try. You were responding to my perspective and arguments in your post but not offering much in the way of response to my view that depending on the ratio dilution would not likely happen immediately especially if the RS wasnt being used for setting up dilution conditions and even why dilution would be counterproductive at this point in time. Now you claim that all you were saying that this is all happening in "the future". Really??? What a brilliant assertion and contribution to the discussion. Like I said no reasoned assessment on your part. Not surprised by the ad hominem attack since you have nothing to offer in its place except for some facile chicken proverb.
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Post by mikesmilitaria on Mar 2, 2017 14:12:30 GMT -5
If you do not think that the Mann Foundation is going to protect their interest in MNKD you are naive.
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Post by Deleted on Mar 2, 2017 14:17:13 GMT -5
If you do not think that the Mann Foundation is going to protect their interest in MNKD you are naive. how does protect their interest equate to the foundation buying tomorrow. can you be a bit clear and spell out what you write than these posts.
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Post by mytakeonit on Mar 2, 2017 14:21:58 GMT -5
There sure is a lot of noise today with people trying to say that they won the r/s prediction award. The r/s had to be either 5 or 10 shares to avoid the partial share mess. 10 shares would have made it so easy to calculate by just moving/eliminating a zero at the end. But then, the total share count would have been too small and necessitate another split in the very near future. 5 shares was just right because it made everyone break out their calculators to make sure they'll end up with the correct number of shares. Adds brain cells and hopefully reduces wear and tear on the jaw muscles.
So, to end the noise. I WON !!!
Now let's just be quiet and watch for the script counts to go up.
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Post by surplusvalue on Mar 2, 2017 14:28:47 GMT -5
There sure is a lot of noise today with people trying to say that they won the r/s prediction award. The r/s had to be either 5 or 10 shares to avoid the partial share mess. 10 shares would have made it so easy to calculate by just moving/eliminating a zero at the end. But then, the total share count would have been too small and necessitate another split in the very near future. 5 shares was just right because it made everyone break out their calculators to make sure they'll end up with the correct number of shares. Adds brain cells and hopefully reduces wear and tear on the jaw muscles. So, to end the noise. I WON !!! Now let's just be quiet and watch for the script counts to go up. If that's all you think the discussion in this thread is about then you're missing a lot.
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Post by matt on Mar 2, 2017 14:33:19 GMT -5
Oh, wasn't there talk on here about the possibility of the RS being approved just to get the 180 day extension? I am trying to understand how the delisting is going to be handled as well. This is what I have from threads. I understand the NASDAQ regulations pretty well, having had experience sparring with the listing qualifications group in the past. If they follow their own regulations to the letter, then MNKD will be out of compliance on March 13 and will be delisted. At the same time, the exchange only makes money when shares are traded so there is an incentive to keep actively traded stocks listed when possible. This is an unusual case where the company executed a reverse split sufficient to cure a listing defect four days too late. I have never seen that happen before. I can imagine three responses: 1. The exchange ignores the bright line rule that says 10 consecutive days prior to March 13, essentially conceding that what has happened is "close enough". No delisting notice issues. 2. The delisting notice is issued and the company appeals. The panel grants an exception but writes the company a nastygram pointing out that they had 180 days advance notice and thus there was no excuse for the late compliance. This is essentially a slap on the knuckles with teacher's ruler and being made to stand in the corner for being a bad boy, but when the tears dry up all goes back to normal. 3. The delisting notice is issued, the company appeals, and the panel does not grant an exception. The panel notes that the company had fair warning of the compliance deadlines, and that the company is deficient on multiple listing criteria so the stock will be delisted in the public interest. I doubt #1 happens as that would set a very bad precedent that the heretofore sacrosanct listing rules have suddenly become flexible guidelines. I think #2 is the most likely; MNKD rightfully deserves a slap on the knuckles, but delisting the stock is in nobody's interest. However, having dealt with the listing guys before I cannot rule out #3. A lot may depend on exactly which two lawyers they assign to the appeals panel. My rationale for choosing #2 as the most likely is that the brokerages (i.e. the market makers) actually own the exchange, the listing panel works for the exchange, and brokers can't make money from stocks they can't trade. There needs to be some rules, but not so many rules that the exchange does not make money.
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Post by myocat on Mar 2, 2017 14:40:03 GMT -5
I am baffled with the 1:5 R/S. i wonder what make them to believe the pps will remain at .50 or above from now to the effective R/S date. The pps could go low say .20 and 1:5 = a buckaroo. .30 = $1.5
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Post by Deleted on Mar 2, 2017 14:47:46 GMT -5
I am trying to understand how the delisting is going to be handled as well. This is what I have from threads. I understand the NASDAQ regulations pretty well, having had experience sparring with the listing qualifications group in the past. If they follow their own regulations to the letter, then MNKD will be out of compliance on March 13 and will be delisted. At the same time, the exchange only makes money when shares are traded so there is an incentive to keep actively traded stocks listed when possible. This is an unusual case where the company executed a reverse split sufficient to cure a listing defect four days too late. I have never seen that happen before. I can imagine three responses: 1. The exchange ignores the bright line rule that says 10 consecutive days prior to March 13, essentially conceding that what has happened is "close enough". No delisting notice issues. 2. The delisting notice is issued and the company appeals. The panel grants an exception but writes the company a nastygram pointing out that they had 180 days advance notice and thus there was no excuse for the late compliance. This is essentially a slap on the knuckles with teacher's ruler and being made to stand in the corner for being a bad boy, but when the tears dry up all goes back to normal. 3. The delisting notice is issued, the company appeals, and the panel does not grant an exception. The panel notes that the company had fair warning of the compliance deadlines, and that the company is deficient on multiple listing criteria so the stock will be delisted in the public interest. I doubt #1 happens as that would set a very bad precedent that the heretofore sacrosanct listing rules have suddenly become flexible guidelines. I think #2 is the most likely; MNKD rightfully deserves a slap on the knuckles, but delisting the stock is in nobody's interest. However, having dealt with the listing guys before I cannot rule out #3. A lot may depend on exactly which two lawyers they assign to the appeals panel. My rationale for choosing #2 as the most likely is that the brokerages (i.e. the market makers) actually own the exchange, the listing panel works for the exchange, and brokers can't make money from stocks they can't trade. There needs to be some rules, but not so many rules that the exchange does not make money. so this is definitely looks like the DeSisto fiasco. Pure amateur management that doesnt have any business running the company?
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Post by kbrion77 on Mar 2, 2017 14:47:54 GMT -5
I am trying to understand how the delisting is going to be handled as well. This is what I have from threads. I understand the NASDAQ regulations pretty well, having had experience sparring with the listing qualifications group in the past. If they follow their own regulations to the letter, then MNKD will be out of compliance on March 13 and will be delisted. At the same time, the exchange only makes money when shares are traded so there is an incentive to keep actively traded stocks listed when possible. This is an unusual case where the company executed a reverse split sufficient to cure a listing defect four days too late. I have never seen that happen before. I can imagine three responses: 1. The exchange ignores the bright line rule that says 10 consecutive days prior to March 13, essentially conceding that what has happened is "close enough". No delisting notice issues. 2. The delisting notice is issued and the company appeals. The panel grants an exception but writes the company a nastygram pointing out that they had 180 days advance notice and thus there was no excuse for the late compliance. This is essentially a slap on the knuckles with teacher's ruler and being made to stand in the corner for being a bad boy, but when the tears dry up all goes back to normal. 3. The delisting notice is issued, the company appeals, and the panel does not grant an exception. The panel notes that the company had fair warning of the compliance deadlines, and that the company is deficient on multiple listing criteria so the stock will be delisted in the public interest. I doubt #1 happens as that would set a very bad precedent that the heretofore sacrosanct listing rules have suddenly become flexible guidelines. I think #2 is the most likely; MNKD rightfully deserves a slap on the knuckles, but delisting the stock is in nobody's interest. However, having dealt with the listing guys before I cannot rule out #3. A lot may depend on exactly which two lawyers they assign to the appeals panel. My rationale for choosing #2 as the most likely is that the brokerages (i.e. the market makers) actually own the exchange, the listing panel works for the exchange, and brokers can't make money from stocks they can't trade. There needs to be some rules, but not so many rules that the exchange does not make money. This makes sense but I guess I'm still confused on Matt P's comment on the Q3-16 conference call held on 11/9/16 that delisting will not be a concern until sometime in the second quarter 2017. Is this bizarro-land or what.
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Post by Deleted on Mar 2, 2017 14:50:35 GMT -5
if this is certainly true, management should just walk away from running the show and the only paid employees in Mannkind should be the commercial organization and the personnel required to support Afrezza for fda compliance. everyone else should quit or get fired.
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Post by slugworth008 on Mar 2, 2017 14:55:36 GMT -5
Was not surprised by the split, but was surprised by 1:5 vs 1:10. Suggests to me something is coming in terms of 'strength', because 1:5 is not enough with no news. I absolutely agree - How refreshing would some meaningful news be - right? I'm glad it was only a 1:5 - Well see.....
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Post by peppy on Mar 2, 2017 14:56:29 GMT -5
Matt, thanks for the response. I believe you have just told me where MKND is regarding the delisting problem.
I am done talking about it.
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Post by Deleted on Mar 2, 2017 14:57:04 GMT -5
So we close above $1 per share for each trading day starting tomorrow 3-3-17 and after 10 days, 3-16-17 we would normally be OK except if we go by the book, we would need ten days closing above $1 to be achieved by 3-13-17.
So then, what happens over the next 10 days if we have a day where closing SP is NOT over $1? Anyone remember a company called Dendreon? I think I need a drink. Maybe some really good news short term so this is not even a remote possibility. I have to believe our CEO and the board understood NASDAQ's timeline and given all the issues the company has had, doing a 1:10 seems like it should have been the way to go.
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