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Post by sla55 on Mar 16, 2017 16:25:15 GMT -5
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Post by cjm18 on Mar 16, 2017 16:58:22 GMT -5
pg 45 In addition, we will need to raise substantial additional capital in the future to fund our operations. If we raise additional funds by issuing equity securities or additional convertible debt, the market price of our common stock and other securities may decline.
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Post by akemp3000 on Mar 16, 2017 17:01:51 GMT -5
Pleased with Mike Castagna's explanation about why scripts have been flat during the transition. Good to see samples have jumped in the past couple of weeks. He and Matt both have now said scripts are expected to begin increasing in the next few weeks. Just glad they didn't say months
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Post by mnholdem on Mar 16, 2017 17:02:52 GMT -5
Solid report IMO. I wonder what Matt meant when he said he was looking forward to speaking again soon.
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Post by biffn on Mar 16, 2017 17:06:32 GMT -5
There is very little reason (maybe none) for shorts to maintain positions in this stock.
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Post by cjm18 on Mar 16, 2017 17:09:25 GMT -5
There is very little reason (maybe none) for shorts to maintain positions in this stock. true unless you read the 10k which they read investors.mannkindcorp.com/secfiling.cfm?filingid=1193125-17-85519&CIK=899460from the call... 10M burn rate, 70M cash as of when, dec?? 30M loan possible. from the 10k.....5M of debt due in May, 15M due July. We must have 25M in the coffers to take the loan?
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Post by charlespk on Mar 16, 2017 17:10:22 GMT -5
Was away from the computer for a while , did shoutbox closed its 3;10 PM in CA
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Post by liane on Mar 16, 2017 17:12:23 GMT -5
We typically shut it down immediately after the call. It's not a permanent record, so we prefer people post in the regular threads.
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Post by dejude42 on Mar 16, 2017 17:16:21 GMT -5
pg 45 In addition, we will need to raise substantial additional capital in the future to fund our operations. If we raise additional funds by issuing equity securities or additional convertible debt, the market price of our common stock and other securities may decline. The return of shares by a forward split
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Post by alethea on Mar 16, 2017 17:18:34 GMT -5
There is very little reason (maybe none) for shorts to maintain positions in this stock. true unless you read the 10k which they read investors.mannkindcorp.com/secfiling.cfm?filingid=1193125-17-85519&CIK=899460from the call... 10M burn rate, 70M cash as of when, dec?? 30M loan possible. from the 10k.....5M of debt due in May, 15M due July. We must have 25M in the coffers to take the loan? I knew something bothered me about the 70M. Yes, 70M at Dec 31 less 10 M for Jan, Feb and March. At the end of this month I'd guess cash is closer to 40M. Oh and Yes, the emergency life reserve of 30M. When they draw down on that it means things have gone from bad to worse. That ain't a lot of margin for error. Sorry everyone for the negativity. I'm angry, disappointed and crestfallen to say nothing of broke.
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Post by thekindaguyiyam on Mar 16, 2017 17:20:26 GMT -5
it's a reset. last chance with the best conditions possible to date.
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Post by agedhippie on Mar 16, 2017 17:26:29 GMT -5
I knew something bothered me about the 70M. Yes, 70M at Dec 31 less 10 M for Jan, Feb and March. At the end of this month I'd guess cash is closer to 40M. Oh and Yes, the emergency life reserve of 30M. When they draw down on that it means things have gone from bad to worse. That ain't a lot of margin for error. Sorry everyone for the negativity. I'm angry, disappointed and crestfallen to say nothing of broke. Remember that $25M cannot be touched because of Deerfield. Unless the Mann Group loan is irrevocable they need to maintain $25 M in cash so I would expect them to start drawing down the loan in a couple of months. It's a wash in the end financial but from a logistics standpoint they don't want to end up with the loan getting revoke before it is drawn down. If I was Matt I would drawdown that loan sooner rather than later.
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Post by kbrion77 on Mar 16, 2017 17:32:30 GMT -5
I knew something bothered me about the 70M. Yes, 70M at Dec 31 less 10 M for Jan, Feb and March. At the end of this month I'd guess cash is closer to 40M. Oh and Yes, the emergency life reserve of 30M. When they draw down on that it means things have gone from bad to worse. That ain't a lot of margin for error. Sorry everyone for the negativity. I'm angry, disappointed and crestfallen to say nothing of broke. Sorry to add to your frustration but unless there is a significant company development (asset sale, licensing partnership with decent upfront or international partnership for Afrezza) the next few months will be rough. Even if scripts increase and get back to Sanofi levels that doesn't solve immediate cash needs. Scripts increase will maybe increase share price but then you will just get dilution. Mannkind needs to have an Apple getting $150M from Microsoft moment right now.
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Post by agedhippie on Mar 16, 2017 17:38:18 GMT -5
As a data point on sales - real vs. reported: - Over the last 3 months of 2016 Symphony logged $3.341 million in sales vs $1.322 million actual. Looks like the wholesale value is around 60% off list.
(Back to unpicking the 8K...)
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Post by cjc04 on Mar 16, 2017 17:39:48 GMT -5
I knew something bothered me about the 70M. Yes, 70M at Dec 31 less 10 M for Jan, Feb and March. At the end of this month I'd guess cash is closer to 40M. Oh and Yes, the emergency life reserve of 30M. When they draw down on that it means things have gone from bad to worse. That ain't a lot of margin for error. Sorry everyone for the negativity. I'm angry, disappointed and crestfallen to say nothing of broke. Remember that $25M cannot be touched because of Deerfield. Unless the Mann Group loan is irrevocable they need to maintain $25 M in cash so I would expect them to start drawing down the loan in a couple of months. It's a wash in the end financial but from a logistics standpoint they don't want to end up with the loan getting revoke before it is drawn down. If I was Matt I would drawdown that loan sooner rather than later. [ Stick to knowing everything about diabetes..... So according to you, the big fear is the Mann loan being revoked so Matt should get on it how... ridiculous
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