|
Post by wgreystone on Mar 3, 2017 11:48:42 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. SEC should ban short selling for small cap stocks. Otherwise, the stock market becomes a gambling market. Whoever has more financial power will usually win the fight.
|
|
|
Post by madog365 on Mar 3, 2017 11:50:15 GMT -5
volume very low for a 20% drop to occur - can't say i'm shocked that the shorts are jumping all over this..
the disappointing part is how this was planned by management..RS done on Friday with no script growth, no accompanying positive press release or anything that would encourage buyers to counteract the sells..
|
|
|
1:5 split
Mar 3, 2017 11:55:32 GMT -5
via mobile
Post by mnkdnewb on Mar 3, 2017 11:55:32 GMT -5
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. SEC should ban short selling for small cap stocks. Otherwise, the stock market becomes a gambling market. Whoever has more financial power will usually win the fight. Why? Short will lose if the product succeeds. If afrezza takes off anyone who is long will benefit from the reduced share price thanks to the shorts when they purchased. Shorts cannot kill a company if the product is solid. Can heavy shorting hurt a company who is raising money? Of course, but it won't cause it to fail on its own. If it is so valuable then another company could easily buy it on the open market which would really hurt shorts and benefit longs. Apparently those who short don't think it is valuable for enough for a company to purchase the company and believe it will not sell which will result in more dilution and a lower pps.
|
|
|
Post by alethea on Mar 3, 2017 11:56:35 GMT -5
volume very low for a 20% drop to occur - can't say i'm shocked that the shorts are jumping all over this.. the disappointing part is how this was planned by management..RS done on Friday with no script growth, no accompanying positive press release or anything that would encourage buyers to counteract the sells.. Volume is not low at all. In fact it is extremely high relative to recent weeks. Volume at the moment is 1.6 million shares .....when restated to yesterday's pre-split basis is 8 Million shares in just 2.5 hours. Wall Street shorts are very busy today. Like vultures feeding on a wounded animal.
|
|
|
Post by mnkdnewb on Mar 3, 2017 11:57:04 GMT -5
volume very low for a 20% drop to occur - can't say i'm shocked that the shorts are jumping all over this.. the disappointing part is how this was planned by management..RS done on Friday with no script growth, no accompanying positive press release or anything that would encourage buyers to counteract the sells.. Volume is actually very high. You need to multiply shares traded today x5 to account for the 5x higher pps. (5x fewer shares)
|
|
|
1:5 split
Mar 3, 2017 12:17:00 GMT -5
via mobile
Post by brotherm1 on Mar 3, 2017 12:17:00 GMT -5
less than 5% of outstanding shares sold dropped the price about 30%.
|
|
|
Post by mnkdfann on Mar 3, 2017 12:17:11 GMT -5
In reply to 77 two posts above my guess is it took so many days for the proxies. My proxy came 6 days before the meeting.
I received my proxy in the mail just today! (Even though I sold my shares a few weeks back in the 64-70 cents range, I guess I was still a shareholder as of the record date.)
|
|
|
Post by mnkdfann on Mar 3, 2017 12:22:18 GMT -5
Just wondering, does the vote give them authority to do another 1 for 2 split? I mean, as it authorised a 1 for 10 RS and they only did a 1 for 5?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 3, 2017 12:23:12 GMT -5
Just wondering, does the vote give them authority to do another 1 for 2 split? I mean, as it authorised a 1 for 10 RS and they only did a 1 for 5? no. They have to call for another vote to reverse split again
|
|
|
Post by alethea on Mar 3, 2017 12:23:27 GMT -5
Just wondering, does the vote give them authority to do another 1 for 2 split? I mean, as it authorised a 1 for 10 RS and they only did a 1 for 5? No.
|
|
|
Post by karl on Mar 3, 2017 12:35:10 GMT -5
volume very low for a 20% drop to occur - can't say i'm shocked that the shorts are jumping all over this.. the disappointing part is how this was planned by management..RS done on Friday with no script growth, no accompanying positive press release or anything that would encourage buyers to counteract the sells.. Volume is not low at all. In fact it is extremely high relative to recent weeks. Volume at the moment is 1.6 million shares .....when restated to yesterday's pre-split basis is 8 Million shares in just 2.5 hours. Wall Street shorts are very busy today. Like vultures feeding on a wounded animal.
|
|
|
Post by compound26 on Mar 3, 2017 12:38:56 GMT -5
less than 5% of outstanding shares sold dropped the price about 30%. NatesNotes Nate Pile @doubledown202 heh - tell me about it :-) I guess all I can remind you of is that nothing changed overnight that makes the co worth 25% less View Message: stocktwits.com/message/76185675
|
|
|
Post by chuck on Mar 3, 2017 13:09:17 GMT -5
Nate continuing to go to more and more silly arguments ..... His credibility is taking a beating.
|
|
|
Post by Cowgirl on Mar 3, 2017 13:23:51 GMT -5
Only Mannkind management and BOD could pull off the need for people to be discussing ANOTHER reverse split on the day the first one takes effect. It's just too bazaar that Al Mann has lost all his money on what should have been a hit in the marketplace.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 3, 2017 13:36:50 GMT -5
volume very low for a 20% drop to occur - can't say i'm shocked that the shorts are jumping all over this.. the disappointing part is how this was planned by management..RS done on Friday with no script growth, no accompanying positive press release or anything that would encourage buyers to counteract the sells.. They just did a R/S and if the share count is less and there are more people selling and shorting what did you think was going to happen?
|
|