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Post by mnkdfann on Jun 24, 2017 15:24:41 GMT -5
Is that what you think I said? No. A rights offering for private investors first and during a very specific time (30 days) followed immediately by the same offering to institutional investment houses for 30 days. In my view, there would not be any shares left for large institutional investors. Do you think all private investors currently holding MannKind given today's scripts couldn't raise a mere 36M? I don't think so. These shares would be gobbled up by many LT investors who've had zero chance to recover from paying large money to see Afrezza approved. Is that clearer? If you could space them out by by a very specific time of 30 days, then why not by a very specific 20 years? It must be obvious that would be unacceptable (to regulatory authorities etc.), suggesting that your entire premise was incorrect. Anyway, others have since corrected you; I just wanted to clear up your misunderstanding of what I said.
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Post by uvula on Jun 24, 2017 17:45:02 GMT -5
Relax. We just had the most kickass Annual Shareholders Meeting, and Afrezza prescriptions are rising. Mike is CEO now, executing on the vision—he brought some great like-minded folks into the Big Picture. Head and heart in the game. Lots to look forward to. Lots of people just talking literally nonsense in this thread. The company is running out of money. Is this also nonsense?
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Post by n8 on Jun 24, 2017 18:59:22 GMT -5
Relax. We just had the most kickass Annual Shareholders Meeting, and Afrezza prescriptions are rising. Mike is CEO now, executing on the vision—he brought some great like-minded folks into the Big Picture. Head and heart in the game. Lots to look forward to. Lots of people just talking literally nonsense in this thread. The company is running out of money. Is this also nonsense? Not anymore.....
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Post by mango on Jun 24, 2017 19:00:38 GMT -5
Relax. We just had the most kickass Annual Shareholders Meeting, and Afrezza prescriptions are rising. Mike is CEO now, executing on the vision—he brought some great like-minded folks into the Big Picture. Head and heart in the game. Lots to look forward to. Lots of people just talking literally nonsense in this thread. The company is running out of money. Is this also nonsense? I don't know depends. Are they running out of advocates and changing saving people's lives?
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Post by uvula on Jun 24, 2017 21:03:29 GMT -5
The company is running out of money. Is this also nonsense? I don't know depends. Are they running out of advocates and changing saving people's lives? This is the mnkd stock board not the afrezza drug board.
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Post by straightly on Jun 25, 2017 2:06:16 GMT -5
Hi Tinkerbell. Curious as to what your background is. Were/are you in finance or investment banking? I've been investing long in the stock market since 1984. Self taught on finance, stock markets and the importance of time as an important factor in any long term investment decision. My career before I retired? Healthcare including pharma and biotech R&D. Seen a lot in that time. That's all really. Hi, Tinkerbell, When I was "self learning", I thought I read somewhere that, if a company were to offer more shares for sell, current share holders will have the rights to purchase the offerings proportionally to his holdings. Which makes sense too. In real life, I did have stocks whose company did offer new shares for sale, sometimes at above market and sometimes at a discount. But never once was I offered a chance to participate. Did I remember wrong or there is more to the story? Thanks in advance.
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Tinkerbell
Researcher
Watcher of the Skies
Posts: 143
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Post by Tinkerbell on Jun 25, 2017 12:05:57 GMT -5
I've been investing long in the stock market since 1984. Self taught on finance, stock markets and the importance of time as an important factor in any long term investment decision. My career before I retired? Healthcare including pharma and biotech R&D. Seen a lot in that time. That's all really. Hi, Tinkerbell, When I was "self learning", I thought I read somewhere that, if a company were to offer more shares for sell, current share holders will have the rights to purchase the offerings proportionally to his holdings. Which makes sense too. In real life, I did have stocks whose company did offer new shares for sale, sometimes at above market and sometimes at a discount. But never once was I offered a chance to participate. Did I remember wrong or there is more to the story? Thanks in advance. That's the point I've been trying to make. In my letter to the MannKind BOD, (and I'll admit that perhaps using the term 'rights offering' was the wrong term to use), in the end, what I was saying to them is look - you need money. You need to reach out to individual investors FIRST aka non-institutional investors and raise as much money as you can from them FIRST. We can call it a FU Wall Street raise. Maybe that's the correct terminology. Then, if the funds required are not fulfilled by the non-institutional investors, fine. Get some kind of back stop commitment for any remaining shares from an institution or TWO that hasn't been screwing the company by loaning shares for shorting. Pipe dream? Maybe. But that is precisely what I told MannKind's board and that's what I expect from them. I expect that my personal loyalty to the company all these years will not be overlooked by the company. Mike simply stated that my idea had merit. How that translates? Your guess would be as good as mine.
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Post by factspls88 on Jun 26, 2017 10:14:48 GMT -5
Thanks tinker bell.
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