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Post by bones1026 on Aug 1, 2017 20:47:09 GMT -5
Where's the cash coming from? Where's the Cash coming from? Where's the CASH coming from? The only one we need and DESERVE to hear ( if not to at least justify the executive hiring) and maybe some info on whether an imminent purchase from a ME country is a fact or not?
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Post by agedhippie on Aug 1, 2017 21:23:57 GMT -5
This ^^^. The more specific Mike is the better the reception by the market. A dose of dilution should not be unexpected, albeit unwelcome, but if that is what it takes to save the company then man up and say so. At least if unwelcome news is out there, the market will react within a day or two, and then it will be over. If the news does not come out the price will stagnate and the PPS will go nowhere due to the overhang of uncertainty. At this point almost anything is better than more uncertainty. Another "stay tuned" CC or not addressing the financial issue would be a disaster. Yea right! haha. I can see it now, Mike comes out and says we are going to sell 40-50 million shares to raise operating cash. The price per share then takes a huge dive and they'll then need to try and sell even far more shares to stay alive. You say you were a CEO of a NASDAQ listed company? I guess I can see why were could definitely be the operative word. You have to wonder how far it would depress the price. It's glaringly obvious that they are going to have to raise cash via dilution so has the market priced it in? Traders don't care because volatility makes them money, the trackers will hold because they are trackers (may even have to buy depending on their remit), and the foundation will hold because it's all they can do. That leaves new investors and they will already be standing back because of the uncertainty. The only other possible option I can see is a rights issue and I am not sure if the foundation would agree since it looks like they don't have the funds to participate so they would be heavily diluted (it would also leave a large hole in the raise)
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Post by brotherm1 on Aug 1, 2017 21:32:02 GMT -5
I don't think it is glaringly obvious: two companies were hired to help find a possible sale of assets or find a partner?
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Post by agedhippie on Aug 1, 2017 21:48:20 GMT -5
I don't think it is glaringly obvious: two companies were hired to help find a possible sale of assets or find a partner? I don't see Locust Walk getting anywhere, no products are sufficiently developed to bring in big money. I don't think Greenhill has time to deliver before the money runs out although they may deliver within Deerfield's deadline in October. The end result is that they will have to dilute in my view. Truth is though that nobody has a crystal ball and only time will tell - quite quickly in this case.
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Post by sportsrancho on Aug 1, 2017 21:52:26 GMT -5
I don't think it is glaringly obvious: two companies were hired to help find a possible sale of assets or find a partner? Or help finalize a deal. IDK I'm more inclined to think it might be obvious when we see the earnings report. Mike will do what he has to do to make MNKD a great company. I have no doubts about that. There is a excitement like we haven't had since the approval. IMO
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Tinkerbell
Researcher
Watcher of the Skies
Posts: 143
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Post by Tinkerbell on Aug 2, 2017 10:03:09 GMT -5
I don't think it is glaringly obvious: two companies were hired to help find a possible sale of assets or find a partner? Or help finalize a deal. IDK I'm more inclined to think it might be obvious when we see the earnings report. Mike will do what he has to do to make MNKD a great company. I have no doubts about that. There is a excitement like we haven't had since the approval. IMO Lots of good questions being generated and while I agree re: the excitement, it's hard to tell if it is being generated by those of us who are holding the stock (underwater), those who have achieved the benefit of Afrezza directly or, newly minted shareholders that believe in the same future we did when we first purchased MannKind stock way back whenever. Perhaps it's all three. Who else is excited? I can't put my finger on this really and I'm not trying to be a debbie-downer. Regardless, there must be a cash plan and it must be executed asap before the end of September. We just won't know until Monday or sooner IF there's a press release. I am hopeful that we will have our answer by 5:15pm on Monday. Nonetheless, I will continue to pull for the company to make it through this year and next or until there's nothing left to pull. I've made my bed and I am sleeping in it regardless of the outcome. It would be nice to hear about the label too if that's already been granted but again, we just have to wait.
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Post by sportsrancho on Aug 2, 2017 10:53:24 GMT -5
It feels like a new company. One that is getting some respect. IMO
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Tinkerbell
Researcher
Watcher of the Skies
Posts: 143
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Post by Tinkerbell on Aug 2, 2017 11:28:52 GMT -5
It feels like a new company. One that is getting some respect. IMO I couldn't agree more. It certainly feels like there's a positive transition happening at the company and it feels like it is getting more respect than last summer - finally. The VDEX paper has shot an arrow across the bow regardless of who receives sees it and what they think about it. Still, we need to know the cash situation. Once that is known, it should translate into a better valuation for the company. I believe it will but I am just being cautious and hopeful for good news on Monday (or sooner). Honestly, I don't need to be a gazziollionaire. I'd like to be comfortable to where I can give back to causes I believe in - that would be nice - to be able to do that without going into my lunch money. I still don't believe money provides happines per se, choices - yes. But not true happiness. That said, I'm good with my investment and the amount I own so I am not going to buy more. But, that's only my own personal perspective.
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Post by falconquest on Aug 2, 2017 11:31:13 GMT -5
Or help finalize a deal. IDK I'm more inclined to think it might be obvious when we see the earnings report. Mike will do what he has to do to make MNKD a great company. I have no doubts about that. There is a excitement like we haven't had since the approval. IMO Lots of good questions being generated and while I agree re: the excitement, it's hard to tell if it is being generated by those of us who are holding the stock (underwater), those who have achieved the benefit of Afrezza directly or, newly minted shareholders that believe in the same future we did when we first purchased MannKind stock way back whenever. Perhaps it's all three. Who else is excited? I can't put my finger on this really and I'm not trying to be a debbie-downer. Regardless, there must be a cash plan and it must be executed asap before the end of September. We just won't know until Monday or sooner IF there's a press release. I am hopeful that we will have our answer by 5:15pm on Monday. Nonetheless, I will continue to pull for the company to make it through this year and next or until there's nothing left to pull. I've made my bed and I am sleeping in it regardless of the outcome. It would be nice to hear about the label too if that's already been granted but again, we just have to wait. You shouldn't consider yourself a "Debbi Downer" for looking at this situation objectively. I can understand enthusiasm but we all know we have a big cash flow issue. Denying that in my mind is misguided.
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Post by saxcmann on Aug 2, 2017 11:39:43 GMT -5
Besides the obvious cash Runway question I'm curious how Mike feels about the Vdex 12-months afrezza study?
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Post by dreamboatcruise on Aug 2, 2017 12:42:44 GMT -5
Where's the cash coming from? Where's the Cash coming from? Where's the CASH coming from? The only one we need and DESERVE to hear ( if not to at least justify the executive hiring) and maybe some info on whether an imminent purchase from a ME country is a fact or not? In real life, not proboards, have you ever heard of a country purchasing a huge quantity of a drug before it is approved in the country or has a single patient using it there? Just proposing a little thought experiment that might give some insight into likelihood of this event. While we're at it though what about the imminent takeover of MNKD by Amgen that was promised here. There are tons of "facts" discussed here that we could try to get Mike to refute.
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Post by dreamboatcruise on Aug 2, 2017 12:50:58 GMT -5
Or help finalize a deal. IDK I'm more inclined to think it might be obvious when we see the earnings report. Mike will do what he has to do to make MNKD a great company. I have no doubts about that. There is a excitement like we haven't had since the approval. IMO Lots of good questions being generated and while I agree re: the excitement, it's hard to tell if it is being generated by those of us who are holding the stock (underwater), those who have achieved the benefit of Afrezza directly or, newly minted shareholders that believe in the same future we did when we first purchased MannKind stock way back whenever. Perhaps it's all three. Who else is excited? I can't put my finger on this really and I'm not trying to be a debbie-downer. Regardless, there must be a cash plan and it must be executed asap before the end of September. We just won't know until Monday or sooner IF there's a press release. I am hopeful that we will have our answer by 5:15pm on Monday. Nonetheless, I will continue to pull for the company to make it through this year and next or until there's nothing left to pull. I've made my bed and I am sleeping in it regardless of the outcome. It would be nice to hear about the label too if that's already been granted but again, we just have to wait. I'm a long term shareholder. I'm excited, but also worried because of the obvious reason you point out. I have full belief that Afrezza will at some point turn a corner and start getting recognized by physicians as a clinically superior insulin delivery system, though it may be a very slow turn around the corner. I think the turn has started. My belief and excitement about Afrezza is far greater than my belief and excitement about the stock as an investment at the current point in time.
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Post by dreamboatcruise on Aug 2, 2017 13:03:07 GMT -5
I don't think it is glaringly obvious: two companies were hired to help find a possible sale of assets or find a partner? Or help finalize a deal. IDK I'm more inclined to think it might be obvious when we see the earnings report. Mike will do what he has to do to make MNKD a great company. I have no doubts about that. There is a excitement like we haven't had since the approval. IMO In my business experience it would be out of the ordinary to bring in a firm like Deerfield to help finalize a deal where negotiations were already under way. Is it possible... yes. Is it likely... not from what I've seen. Perhaps others have encountered what you propose. I tend to believe that things that don't usually happen in business are thus for a reason. Not to mention, finalizing a deal goes a bit against what management has said about the purpose of Deerfield engagement... wasn't it "exploring opportunities". Though maybe Trump helped word that to throw shareholders and the evil empire of shorts off what is really going on
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Post by sportsrancho on Aug 2, 2017 13:20:06 GMT -5
Or help finalize a deal. IDK I'm more inclined to think it might be obvious when we see the earnings report. Mike will do what he has to do to make MNKD a great company. I have no doubts about that. There is a excitement like we haven't had since the approval. IMO In my business experience it would be out of the ordinary to bring in a firm like Deerfield to help finalize a deal where negotiations were already under way. Is it possible... yes. Is it likely... not from what I've seen. Perhaps others have encountered what you propose. I tend to believe that things that don't usually happen in business are thus for a reason. Not to mention, finalizing a deal goes a bit against what management has said about the purpose of Deerfield engagement... wasn't it "exploring opportunities". Though maybe Trump helped word that to throw shareholders and the evil empire of shorts off what is really going on Yes, just a guess. PPS sucks. But did you see Dash? He is on fire! We will all feel it long before the ship turns around. Like Tinkerbell says, so much I want to give back, but I won't even let myself think about it. I just keep plugging away in the trenches for now:-)
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Post by promann on Aug 2, 2017 14:00:47 GMT -5
It feels like a new company. One that is getting some respect. IMO I couldn't agree more. It certainly feels like there's a positive transition happening at the company and it feels like it is getting more respect than last summer - finally. The VDEX paper has shot an arrow across the bow regardless of who receives sees it and what they think about it. Still, we need to know the cash situation. Once that is known, it should translate into a better valuation for the company. I believe it will but I am just being cautious and hopeful for good news on Monday (or sooner). Honestly, I don't need to be a gazziollionaire. I'd like to be comfortable to where I can give back to causes I believe in - that would be nice - to be able to do that without going into my lunch money. I still don't believe money provides happines per se, choices - yes. But not true happiness. That said, I'm good with my investment and the amount I own so I am not going to buy more. But, that's only my own personal perspective. I like your attitude Tink, I just got a charge card in the mail with 25,000 credit that says its interest free until 2019 a could take a cash withdrawal but I have to have some sense. I'd really like to but I think I will throw it into the trash. I have plenty enough riding on MNKD.
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