|
Post by kbrion77 on Apr 24, 2017 15:00:00 GMT -5
It's worth pointing out again that the gloomy future believed by some could turn out to be correct or it could be dead wrong because it is based solely on the limited information that is known publicly. Forthcoming material events do not have to be announced during negotiations that are ongoing prior to being finalized. It seems Sportsrancho, myself and many others believe there is significant action going on behind the scenes that has not yet been made public but will be soon. While it's great we can all share opinions, neither will be proven correct or incorrect until the next action or announcement occurs. GLTA Whether the rabbit is pulled from the hat or the company finally enters the coffin at least we should know fairly soon.
|
|
|
Post by mnkdnut on Apr 24, 2017 15:00:46 GMT -5
It's worth pointing out again that the gloomy future believed by some could turn out to be correct or it could be dead wrong because it is based solely on the limited information that is known publicly. Forthcoming material events do not have to be announced during negotiations that are ongoing prior to being finalized. It seems Sportsrancho, myself and many others believe there is significant action going on behind the scenes that has not yet been made public but will be soon. While it's great we can all share opinions, neither will be proven correct or incorrect until the next action or announcement occurs. GLTA While we as common shareholders don't have visibility on what's going on behind the scenes, we can get a clue from the behavior of someone who does. That someone is Deerfield. In short, they came away from their recent negotiations with Matt with less than a stellar vote of confidence. The message I got was "we'll take the majority you owe us in cash and the rest we'll take in stock that can be immediately sold for what we're owed (or more)". I don't see any evidence from the reported results of the negotiation that Deerfield sees much long-term opportunity to actually invest in right now.
|
|
|
Post by goyocafe on Apr 24, 2017 15:04:31 GMT -5
It's worth pointing out again that the gloomy future believed by some could turn out to be correct or it could be dead wrong because it is based solely on the limited information that is known publicly. Forthcoming material events do not have to be announced during negotiations that are ongoing prior to being finalized. It seems Sportsrancho, myself and many others believe there is significant action going on behind the scenes that has not yet been made public but will be soon. While it's great we can all share opinions, neither will be proven correct or incorrect until the next action or announcement occurs. GLTA While we as common shareholders don't have visibility on what's going on behind the scenes, we can get a clue from the behavior of someone who does. That someone is Deerfield. In short, they came away from their recent negotiations with Matt with less than a stellar vote of confidence. The message I got was "we'll take the majority you owe us in cash and the rest we'll take in stock that can be immediately sold for what we're owed (or more)". I don't see any evidence from the reported results of the negotiation that Deerfield sees much long-term opportunity to actually invest in right now. Do we know if and how much they sold? How much is James Flynn still holding? He is a Deerfield exec that is personally holding > 5%. I can't imagine he'd be allowed to act on the same information as Deerfield as it would constitute insider trading (IMO).
|
|
|
Post by dreamboatcruise on Apr 24, 2017 15:10:08 GMT -5
Yes, the two of us have colluded over the years to lose tons of money. It's all part of our master plan. Silent... remind me, what comes after losing tons of money? Another thing to remember about financing; There isn't going to be another Sanofi settlement to save the day on extending the runway. Sanofi has now wiped their hands clean of MNKD and they won't be opening the checkbook again to free itself of the taint of the former partnership. It's pretty telling that the deal with Deerfield involved debt for equity (dilution) as opposed to a re-negotiation of terms. To me, that tells me that Deerfield is willing to take what they can NOW and write off losses as opposed to giving MNKD more time to right the ship. Any future financing deals will likely be equally as painful, if not more so. As dream pointed out, if there was a deal, it would have to be announced as a material event. There haven't been. I highly doubt a deal is even in the works based on script numbers alone. People have believed that a deal has been in the works since the day Sanofi walked away. Here we are almost 18 months later with the share price lingering just above zero (pre-split) with no deal in sight. At this point, ANY pharma company with any interest in Afrezza could swoop in and acquire the company outright in a hostile takeover for less than $100 million dollars. That's a rounding error for a big pharma. Pocketchange. They aren't. Why? Because it makes better business sense to let the company die and pay even less if you want anything MNKD has. [/quote You two always seem to respond to each other's posts....within minutes (dreamboat and Silent)...timing is impeccable
|
|
|
Post by akemp3000 on Apr 24, 2017 15:11:27 GMT -5
It's worth pointing out again that the gloomy future believed by some could turn out to be correct or it could be dead wrong because it is based solely on the limited information that is known publicly. Forthcoming material events do not have to be announced during negotiations that are ongoing prior to being finalized. It seems Sportsrancho, myself and many others believe there is significant action going on behind the scenes that has not yet been made public but will be soon. While it's great we can all share opinions, neither will be proven correct or incorrect until the next action or announcement occurs. GLTA While we as common shareholders don't have visibility on what's going on behind the scenes, we can get a clue from the behavior of someone who does. That someone is Deerfield. In short, they came away from their recent negotiations with Matt with less than a stellar vote of confidence. The message I got was "we'll take the majority you owe us in cash and the rest we'll take in stock that can be immediately sold for what we're owed (or more)". I don't see any evidence from the reported results of the negotiation that Deerfield sees much long-term opportunity to actually invest in right now. I agree we can get clues from the behavior of someone like Deerfield however we don't know as fact that "they came away from recent negotiations with less than a stellar vote of confidence". One perspective, based on the public information available, can be that is was negative. Another can be that there's more than meets the eye. As kbrion said, we'll know soon.
|
|
|
Post by silentknight on Apr 24, 2017 15:29:25 GMT -5
Yes, the two of us have colluded over the years to lose tons of money. It's all part of our master plan. Silent... remind me, what comes after losing tons of money? We meet at the poor house and toast to a job well done? I'm not sure. I think he's suggesting that we are the same person. If that's the case, maybe you can answer for me.
|
|
|
Post by dreamboatcruise on Apr 24, 2017 15:29:58 GMT -5
It's worth pointing out again that the gloomy future believed by some could turn out to be correct or it could be dead wrong because it is based solely on the limited information that is known publicly. Forthcoming material events do not have to be announced during negotiations that are ongoing prior to being finalized. It seems Sportsrancho, myself and many others believe there is significant action going on behind the scenes that has not yet been made public but will be soon. While it's great we can all share opinions, neither will be proven correct or incorrect until the next action or announcement occurs. GLTA So just to be clear... You'll hold this view right up until a filing for bankruptcy actually occurs, correct... because this "pocket deal" is always a theoretical possibility until we are bankrupt? Heck, I suppose even after filing there could still be some theoretical possibility that a deal is done. Why did we have to offer Deerfield a discount on equity if there is a pending deal? Mannkind would be crazy to not negotiate the ability to show Deerfield the deal if one existed. An important distinction is that my gloomy view (while maintaining enough hope to hold onto rather paltry position now) I would not characterize as "dead wrong" even if something does materialize. Even if there is some negotiations ongoing, the situation right now is very high risk. That is true regardless of whether we get a hat rabbit. You are portraying things as if there is a deal that is nearly certain to close. That I think is a naive view. I've seen too many things go wrong for companies, with increasing likelihood as their financial situation weakens.
|
|
|
Post by dreamboatcruise on Apr 24, 2017 15:36:56 GMT -5
Yes, the two of us have colluded over the years to lose tons of money. It's all part of our master plan. Silent... remind me, what comes after losing tons of money? We meet at the poor house and toast to a job well done? I'm not sure. I think he's suggesting that we are the same person. If that's the case, maybe you can answer for me. Look at our images. We look nothing alike. Not to mention you joined in Nov 2015 and I joined in Jul 2014. Did you... I... ooops, we plan that far ahead of time?
|
|
|
Post by agedhippie on Apr 24, 2017 16:07:25 GMT -5
We meet at the poor house and toast to a job well done? I'm not sure. I think he's suggesting that we are the same person. If that's the case, maybe you can answer for me. Look at our images. We look nothing alike. Not to mention you joined in Nov 2015 and I joined in Jul 2014. Did you... I... ooops, we plan that far ahead of time? Well you are a chameleon
|
|
|
Post by bones1026 on Apr 24, 2017 16:41:26 GMT -5
Yes, the two of us have colluded over the years to lose tons of money. It's all part of our master plan. Silent... remind me, what comes after losing tons of money? For someone who owns such a "paltry" amount of shares at this point and appear very "gloomy" about MNKD's future, why not sell those few remaining shares prior to an "immenent" BK and go save others investors from making poor investment decisions on another stock? You seem to spend a lot of time(12 posts in last 24 hours) on a MB debating every possible positive comment??? Sell your "paltry" amount and move on!!
|
|
|
Post by dreamboatcruise on Apr 24, 2017 16:55:28 GMT -5
Yes, the two of us have colluded over the years to lose tons of money. It's all part of our master plan. Silent... remind me, what comes after losing tons of money? For someone who owns such a "paltry" amount of shares at this point and appear very "gloomy" about MNKD's future, why not sell those few remaining shares prior to an "immenent" BK and go save others investors from making poor investment decisions on another stock? You seem to spend a lot of time(12 posts in last 24 hours) on a MB debating every possible positive comment??? Sell your "paltry" amount and move on!! Been a participant here since 2014... and a shareholder for longer than that. Have a keen interest in MNKD, so unless you want to lobby to have me banned, I'll be around. It's not too late for me to help people avoid making poor investment decisions about MNKD even now. So I'll continue to provide a counter weight to those that have what I deem irrational reasoning for optimism. MNKD should be viewed as very high risk proposition at this point, not risking more than someone could afford to lose in total. It is a gamble, not an investment. My position has eroded to the point it's below $10k now, which is within my threshold now of willing to consider it gamble. The six figures I lost will, however, certainly affect my quality of life in retirement to some extent. It was a mistake and poor judgement. I look forward to actual positive news, not forced, illogical positive comments. The posts from social media from users continues to give me some hope. But the finances may well kill us shareholders before those shoots of hope become financially viable. As I just stated on another thread, I even think I'd sign up for a rights offering if enough shareholders could be convinced to do that so that we really raised reasonable amount of capital. Are you buying right now? Would you sign up for a rights offering?
|
|