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Post by lojothehus on Jul 5, 2017 13:41:45 GMT -5
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Post by madog365 on Jul 5, 2017 13:54:05 GMT -5
These are questions better suited for a philosophy professor or maybe even your psychologist.
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Post by kbrion77 on Jul 5, 2017 14:03:14 GMT -5
The folks that claimed to have all the answers and posted nothing but pure optimism and speculation are nowhere to be found today. I'm actually surprised there have been no uptick rule posts today. |
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Post by goyocafe on Jul 5, 2017 14:21:44 GMT -5
I think there's been many a list made previously. I'm most interested in the Afrezza ad. Did they get a label change to capitalize on, or will it be limited to the current label? |
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Post by myocat on Jul 5, 2017 14:27:57 GMT -5
my eunuch looked at the crystal ball and he did not see anything. |
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Post by casualinvestor on Jul 5, 2017 14:37:05 GMT -5
We have had news of recent small dillution, favorable debt restructure, and the runway extended until around November. Nothing else really significant.
I wouldn't think that the small dilution would be considered bad enough news to drive the PPS down this hard. Deerfield may be selling their shares, also causing negative PPS pressure. Or the stock is just easy to manipulate in this slow holiday week. Note that there was similar negative PPS pressure the last time Deerfield got shares, so that's my bet.
Everyone is waiting for script news to push back against headwinds. It's a position we've been in before.
Optimistic people like me might say that the drop in PPS is another buying opportunity, as the pressure will be gone once Deerfield is done selling (again, I'm just guessing that they are selling). I'm buying a pool, so for now I'll be passing on buying this dip so I can take a different kind of dip. But if the PPS drops another 10%, I'll definitely re-evaluate that.
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Post by cjm18 on Jul 5, 2017 14:58:12 GMT -5
Fundamentals. In a world of perfect logic the small dilution should have brought the pps down to 1.39. By if cash from partnership (epipen) was on horizon then there would be no need for the small dilution.
Technicals. Nothing good about that chart.
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Post by mytakeonit on Jul 5, 2017 15:57:30 GMT -5
That warrant fiasco on an early closing day (Monday) caused a loss of 8 cents. Today, we have another 9 cent loss because brokerage houses didn't put a disclaimer on the Monday alternative fact news. People looking at it today probably thought that it was real and current. (I use E*Trade and know that they aren't the best for putting out information.)
Hmmm ... maybe I should have bought more shares?
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Post by madog365 on Jul 5, 2017 16:00:21 GMT -5
That warrant fiasco on an early closing day (Monday) caused a loss of 8 cents. Today, we have another 9 cent loss because brokerage houses didn't put a disclaimer on the Monday alternative fact news. People looking at it today probably thought that it was real and current. (I use E*Trade and know that they aren't the best for putting out information.) Hmmm ... maybe I should have bought more shares? Mannkind actually updated their website to make sure people knew it was old news.. "June 30, 2017, MannKind filed a resale registration statement on Form S-1 pursuant to the requirements of a securities purchase agreement entered into on May 9, 2016." |
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Post by lojothehus on Jul 5, 2017 16:02:03 GMT -5
We have had news of recent small dillution, favorable debt restructure, and the runway extended until around November. Nothing else really significant. I wouldn't think that the small dilution would be considered bad enough news to drive the PPS down this hard. Deerfield may be selling their shares, also causing negative PPS pressure. Or the stock is just easy to manipulate in this slow holiday week. Note that there was similar negative PPS pressure the last time Deerfield got shares, so that's my bet. Everyone is waiting for script news to push back against headwinds. It's a position we've been in before. Optimistic people like me might say that the drop in PPS is another buying opportunity, as the pressure will be gone once Deerfield is done selling (again, I'm just guessing that they are selling). I'm buying a pool, so for now I'll be passing on buying this dip so I can take a different kind of dip. But if the PPS drops another 10%, I'll definitely re-evaluate that. I wanted to take a dip and buy a pool, but the price was steeper than the size of the pool that they offered me......then I said to myself, "if, maybe if Mankind takes off I can pay that steep price without a problem!" Ok, that was last summer and now I am still mowing the yard. Good post and I hope you enjoy your pool, nice buy! |
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Post by traderdennis on Jul 5, 2017 16:31:20 GMT -5
That warrant fiasco on an early closing day (Monday) caused a loss of 8 cents. Today, we have another 9 cent loss because brokerage houses didn't put a disclaimer on the Monday alternative fact news. People looking at it today probably thought that it was real and current. (I use E*Trade and know that they aren't the best for putting out information.) Hmmm ... maybe I should have bought more shares? I call BS. Why did the MNKD bury the info on a half trading day during a four/five day weekend. MNKD certainly was not proud of the news, just like their history of pushing shitty SEC news during holiday cycles, eg Thanksgiving and Christmas releases in 2015. |
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Post by thall on Jul 5, 2017 16:39:27 GMT -5
No answer, but one more question - as I read the Deerfield agreement, it depends on the Mann Group coming up with 19.4 million dollars between now and the end of August. What happens if Mann Group can't?
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Post by matt on Jul 5, 2017 16:47:03 GMT -5
If the Mann Group does not deliver on the money then the Deerfield deal is off and everything goes back to how it was ten days ago, except that the credit line is now $10 million less.
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Post by mytakeonit on Jul 5, 2017 17:16:39 GMT -5
We went through all this the other day ... let's not do it again.
Sla posted this ...
VALENCIA, Calif., June 29, 2017 (GLOBE NEWSWIRE) -- MannKind Corporation (Nasdaq:MNKD) (TASE:MNKD) and affiliates of Deerfield Management Company L.P. ("Deerfield") have entered into an exchange and third amendment to their facility agreement (the "Facility Agreement"), pursuant to which MannKind's $10 million principal maturity previously due on July 18, 2017 will be extended to October 31, 2017, subject to certain conditions, the existing minimum liquidity covenant is reduced as fully described below, and Deerfield will exchange $5 million of the Amended and Restated 9.75% Senior Convertible Notes due December 2019 (the "Tranche 4 Notes") for 3,584,230 shares of MannKind's common stock (the "Exchange Shares"). The exchange price for the Exchange Shares is $1.395 per share. The principal amount being repaid and exchanged under the Tranche 4 Notes represents the principal amount that would have otherwise become due and payable in December 2019.
Pursuant to the terms of the exchange and amendment agreement, Deerfield has agreed to extend its existing $10 million principal maturity from July 18, 2017 to August 31, 2017 and, subject to certain conditions on that date, further extend it to October 31, 2017. These conditions include that MannKind has not experienced a Material Adverse Event or an Event of Default (as such terms are defined in the Facility Agreement), that MannKind has received approximately $19.4 million of proceeds from the Loan Arrangement between MannKind and The Mann Group LLC, and that the Company has at least $10 million in Cash and Cash Equivalents (as such terms are defined in the Facility Agreement). Subject to these conditions, Deerfield has also agreed to amend the terms of the minimum liquidity covenant under the Facility Agreement such that, on the last day of each month through October 31 and on December 31, 2017, MannKind must maintain at least $10 million of Cash and Cash Equivalents (instead of $25 million).
Michael Castagna, MannKind's Chief Executive Officer commented, "The extension of the July 2017 principal payment to Deerfield and the amendment of the Facility Agreement affords us flexibility and time to explore additional measures to strengthen our financial position. Just as with the Mann Group and its recently announced capital infusion, we appreciate the cooperation and support of Deerfield at this exciting time for MannKind."
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