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Post by jonny80s on Mar 29, 2017 15:53:41 GMT -5
Anyone want to give odds on the next r/s and capital raise at the end of this year?
If they aren't generating script growth by the end of April..... does anyone think we'll hear the FAT LADY sing?
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Post by MnkdWASmyRtrmntPlan on Mar 29, 2017 17:05:57 GMT -5
If SP improves, there may be a RS by year end, but now is way too early to forecast that far in the future. And at this SP, a capital raise would be futile. All our chips are betting on sales increasing. If they don't, yes, that Fat Lady will sing. And, if this Fat Lady sings, www.youtube.com/watch?v=Mh6mb1Gud8sEven I will be selling all my shares  |
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Post by anderson on Mar 29, 2017 17:18:52 GMT -5
There will be a capital raise at the end of the year(or early next year) even if MNKD is doing well. They need the cash to move their pipeline along. Even if MNKD was profitable I still see them doing a cash raise to do more R&D.
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Post by dreamboatcruise on Mar 29, 2017 17:30:17 GMT -5
There will be a capital raise at the end of the year(or early next year) even if MNKD is doing well. They need the cash to move their pipeline along. Even if MNKD was profitable I still see them doing a cash raise to do more R&D. Profitable prior to needing to raise cash?  Good one. You were joking right? |
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Post by chuck on Mar 29, 2017 17:53:52 GMT -5
You'll likely see them issue a proxy statement in June'ish to increase the number of authorized shares. Currently they only have enough shares for a capital raise that will last them 6 weeks of cash burn. I expect an offering in the June to Sep period. Expecting an offering price of around 25% to 40% discount to market, with 100% warrant coverage. Warrant terms expected to be generous on term of warrant, exercise price, vesting conditions and dilution protection. I'm sure there will be some shorts who will want to close their long positions for a low buyback price and receive a mountain of free warrants at the expense of existing shareholders.
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Post by boca1girl on Mar 30, 2017 8:20:52 GMT -5
I think the point of the discussion thread was that we are getting close to $1 a share again and will face another Reverse Split.
The 5:1 ratio was a bad decision. It should have been 10:1 so we would have twice the runway back down to $1. Many had expressed this opinion but some argued that management "knew" good news was imminent, therefore 5:1 was sufficient.
Management does poorly with risk management. There have been so many promises/forecasts not met, it is hard to believe there hasn't been a change in the BOD
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Post by gamblerjag on Mar 30, 2017 9:55:09 GMT -5
I think the point of the discussion thread was that we are getting close to $1 a share again and will face another Reverse Split. The 5:1 ratio was a bad decision. It should have been 10:1 so we would have twice the runway back down to $1. Many had expressed this opinion but some argued that management "knew" good news was imminent, therefore 5:1 was sufficient. Management does poorly with risk management. There have been so many promises/forecasts not met, it is hard to believe there hasn't been a change in the BOD . Absolutely not. This was shown by mankind meeting the NASDAQ requirements and stay listed. we are so freaking faraway from another reverse split or delisting In fact over over seven months away from being D listed at the very very very minimum |
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Post by boca1girl on Apr 3, 2017 19:57:01 GMT -5
At the current rate of decline of the stock price, we will be sub $1 by the end of the week. So much for the decision to go with the 5:1 vs a 10:1 reverse split.
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Post by gamblerjag on Apr 3, 2017 20:47:57 GMT -5
BOCA girl.. that is just a S _ _ _ _ D comment. the purpose of the 5/1 proved to be the smart choice as we passed the 10 day requirement. Don't even try to second guess mgmt on this .. they were right. . if it was a 10/1 then we would have been at $5 bucks instead of 2.50 and we would probably now be around 2.80 -$3.. same % down as we are at the 5/1 (more or less).. and btw.. you do realize that MNKD has over 7 months before there could be any mandatory r/s again. NASDAQ would have to again give MNKD 30 days notice to get over $1 buck and then 6 months to complete the task.. .
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Post by slugworth008 on Apr 3, 2017 21:16:00 GMT -5
BOCA girl.. that is just a S _ _ _ _ D comment. the purpose of the 5/1 proved to be the smart choice as we passed the 10 day requirement. Don't even try to second guess mgmt on this .. they were right. . if it was a 10/1 then we would have been at $5 bucks instead of 2.50 and we would probably now be around 2.80 -$3.. same % down as we are at the 5/1 (more or less).. and btw.. you do realize that MNKD has over 7 months before there could be any mandatory r/s again. NASDAQ would have to again give MNKD 30 days notice to get over $1 buck and then 6 months to complete the task.. . Perhaps scripts will get a move on in the meantime - Amgen BO please - lol sorry I couldn't help it Gambler. |
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Post by silentknight on Apr 3, 2017 23:05:47 GMT -5
5-1, 10-1, 100-1...it doesn't matter what the ratio is. The stock is going to keep getting punished until MKND sells their product which they've demonstrated themselves to be completely incapable of doing. The stock could have went to 1000 per share after the split and shorts would have driven it down because the company is weak. They have absolutely nothing to support the stock or instill investor confidence.
bocas point, I believe, was that at 10-1, MNKD wouldn't have been looking at getting a delisting notice a mere 30-45 days after remedying their first. They would have had a bigger cushion with the higher share price, but let's not kid ourselves. In that scenario, the delisting notice would have come 60-75 days after the R/S instead. I don't know of a weaker company at the moment then MNKD.
.27 per share pre-split. Let that sink in.
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Post by Deleted on Apr 4, 2017 8:45:16 GMT -5
I think the point of the discussion thread was that we are getting close to $1 a share again and will face another Reverse Split. The 5:1 ratio was a bad decision. It should have been 10:1 so we would have twice the runway back down to $1. Many had expressed this opinion but some argued that management "knew" good news was imminent, therefore 5:1 was sufficient. Management does poorly with risk management. There have been so many promises/forecasts not met, it is hard to believe there hasn't been a change in the BOD . Absolutely not. This was shown by mankind meeting the NASDAQ requirements and stay listed. we are so freaking faraway from another reverse split or delisting In fact over over seven months away from being D listed at the very very very minimum Gambler based on your previous delisting posts I think you should give the delisting education a rest. |
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Post by traderdennis on Apr 4, 2017 14:21:27 GMT -5
BOCA girl.. that is just a S _ _ _ _ D comment. the purpose of the 5/1 proved to be the smart choice as we passed the 10 day requirement. Don't even try to second guess mgmt on this .. they were right. . if it was a 10/1 then we would have been at $5 bucks instead of 2.50 and we would probably now be around 2.80 -$3.. same % down as we are at the 5/1 (more or less).. and btw.. you do realize that MNKD has over 7 months before there could be any mandatory r/s again. NASDAQ would have to again give MNKD 30 days notice to get over $1 buck and then 6 months to complete the task.. . Agreed, there is no need to spend the money on another reverse split. With payments due in May / June, and the deerfield requirement, soon the new symbol will be MNKDQ far ahead of the delisting period. |
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Post by sportsrancho on Apr 4, 2017 18:24:55 GMT -5
BOCA girl.. that is just a S _ _ _ _ D comment. the purpose of the 5/1 proved to be the smart choice as we passed the 10 day requirement. Don't even try to second guess mgmt on this .. they were right. . if it was a 10/1 then we would have been at $5 bucks instead of 2.50 and we would probably now be around 2.80 -$3.. same % down as we are at the 5/1 (more or less).. and btw.. you do realize that MNKD has over 7 months before there could be any mandatory r/s again. NASDAQ would have to again give MNKD 30 days notice to get over $1 buck and then 6 months to complete the task.. . Agreed, there is no need to spend the money on another reverse split. With payments due in May / June, and the deerfield requirement, soon the new symbol will be MNKDQ far ahead of the delisting period. Good try, don't hold your breath:-) |
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Post by matt on Apr 5, 2017 4:15:39 GMT -5
All should become clear shortly. Whether the company wants to authorize more shares, obtain another R/S authorization, create a new class of stock, etc. all require a shareholder vote, and that is most economically done as part of the annual meeting. When the DEF 14A is published calling for the meeting, read the proxy carefully and the proposed resolutions should tell you which way this is headed. In recent years the DEF 14A came out in mid to late April, so that is just a few weeks away.
Until then, all anybody can do is guess and that creates more panic than anything else.
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