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Post by bradleysbest on Mar 3, 2017 10:40:26 GMT -5
How did our market cap price now become 1B ?
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Post by alethea on Mar 3, 2017 10:43:05 GMT -5
How did our market cap price now become 1B ? It didn't. Wherever you saw that... it's wrong. It's about 201 M (480 M shares at 42 cents on the pre-split basis).
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Post by derek2 on Mar 3, 2017 10:44:18 GMT -5
And down she goes. Should have listened to silent knight and started shorting. So depressing! I didn't go short, much to my own detriment. I don't trade on margin so I would have needed to open another account just to do it. I must say however, a nice 21% return on a two day short sounds like easy money to me. But it wasn't hard to see the imminent sell off and I called it. Others here did too. A day after a R/S and the stock is already more or less $1 from another share price deficiency. MNKD's BoD is laughably incompetent. Nothing will stop the bleeding until MNKD sells Afrezza. Thus far, they have proven themselves to be incapable of doing that. What does that mean for the future? You do the math... Still in the current deficiency until the SP closes above $1 for 10 trading days.
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Post by alethea on Mar 3, 2017 10:44:24 GMT -5
It appears the shorts are going to try for $2.00 a share just today. Amazingly sad. fait accomli. And without much effort.
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Post by silentknight on Mar 3, 2017 10:51:48 GMT -5
I didn't go short, much to my own detriment. I don't trade on margin so I would have needed to open another account just to do it. I must say however, a nice 21% return on a two day short sounds like easy money to me. But it wasn't hard to see the imminent sell off and I called it. Others here did too. A day after a R/S and the stock is already more or less $1 from another share price deficiency. MNKD's BoD is laughably incompetent. Nothing will stop the bleeding until MNKD sells Afrezza. Thus far, they have proven themselves to be incapable of doing that. What does that mean for the future? You do the math... Still in the current deficiency until the SP closes above $1 for 10 trading days. True, but assuming they can keep their head above water for 10 days, AND assuming that the Nasdaq allows them to stay on the exchange despite the fact they will still not be in compliance by March 13....they run the risk of having to deal with the problem all over again unless they actually start to produce some results. With MNKD's history, I wouldn't be surprised in the least bit if the Nasdaq still went ahead and delisted them for failing to rectify the share price in time. The price action yesterday and today is why the 5-1 split was a huge mistake by the BOD. A 10-1 gives you enough cushion to absorb the short attack and rebound if necessary. They no longer have much cushion and it's simply due to the Board's terrible decision making.
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Post by silentknight on Mar 3, 2017 11:03:12 GMT -5
All time low was $0.41. Adjusted after split is $2.05. We'll see if that holds It didn't. Sitting at $2.00 now. All time low. I'm guessing it goes lower still in the coming week.
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Post by alethea on Mar 3, 2017 11:07:31 GMT -5
All time low was $0.41. Adjusted after split is $2.05. We'll see if that holds It didn't. Sitting at $2.00 now. All time low. I'm guessing it goes lower still in the coming week. I agree.
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Post by factspls88 on Mar 3, 2017 11:08:59 GMT -5
What a disaster. Sheesh.
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Post by Cowgirl on Mar 3, 2017 11:12:48 GMT -5
Nope! (Didn't hold 2.01 low of earlier). Let's hope we can hold $1.00! or we're back to having to reverse split again soon.
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Post by mnkdnewb on Mar 3, 2017 11:13:59 GMT -5
Now just 50% away from being out of compliance. Not too far away considering we are down about 20% so far today. Good call on the 1:5, b.o.d.
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1:5 split
Mar 3, 2017 11:16:09 GMT -5
via mobile
Post by cjm18 on Mar 3, 2017 11:16:09 GMT -5
Finally some support at the all time low. Day traders making money. Let them. The odds of sales going up are still the same.
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Post by ilovekauai on Mar 3, 2017 11:24:40 GMT -5
I tried to warn you all against the r/s and to vote no as a symbolic gesture, but no no here seemed interested in listening. We will be under $1 again in the blink of an eye. What a disaster and such a shame. Afrezza is a fantastic product that could help so many and we're going down. Such a pity, not to mention a financial loss for most here. Oh well, we'll all get pennies on the dollar years from now when the lawsuits are all settled. I'm still in shock they did this r/s. I can't believe the decision of management to push this forward. Delisted to OTC would have been much preferable, IMO.
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Post by ilovekauai on Mar 3, 2017 11:30:52 GMT -5
I can only guess the BOD did a 5 to 1 in consideration to try and preserve some shares for the investor which is sweet of them to do so. Their heart was in the right place. It's just so sad. The only hope now is for sales to increase, That's really what this has been all about since the relaunch. Sales are everything right now. We may still get delisted now by March 13, but that no longer matters. So we drop to OTC. So what I say. Sales are what matter right now.
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Post by winstonsmith on Mar 3, 2017 11:37:55 GMT -5
20% decrease on $2 million shares. Even if they were all SELLS that's criminal and MM's need to go to jail.
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1:5 split
Mar 3, 2017 11:42:05 GMT -5
via mobile
Post by mnkdnewb on Mar 3, 2017 11:42:05 GMT -5
20% decrease on $2 million shares. Even if they were all SELLS that's criminal and MM's need to go to jail. Please explain why this is criminal. You do know how the stock market works, right? Something is worth what someone is willing to pay - if you think it is worth more then you should be buying. If you think it is worth less then you either sell or short. Apparently most people don't agree with you who are buying and selling today.
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