|
|
Post by orlon on Aug 3, 2017 10:11:39 GMT -5
Cash flow problem? No problem. My guess is there will be an announcement of a 100,000,000 new share offering at $1.00/shr with rights. The stock price will be at $1.00/shr on the 7th. This suggestion is not to belittle the new management team as I think they are trying their level best to get the sales up and the name out there, but to state the dire straights they are in financially.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Aug 3, 2017 10:27:29 GMT -5
According to matt "we know the Mann Group has a block of shares but we don't know what other assets they own. They may indeed be trying to quietly liquidate a big chunk of their MNKD holding to raise the money needed to make the payment later this month. It seems to be that they started putting through big blocks around July 20, and today is just a continuation. At one point I calculated that they needed to sell around 450K shares per trading day if they had no other cash assets available." Read more: mnkd.proboards.com/user/2019/recent#ixzz4ohqo1RAHSo according to the "expert" there will be no dilution. |
|
|
|
Post by madog365 on Aug 3, 2017 10:30:10 GMT -5
Sigh, more doom and gloom predictions from the obvious bunch. This thread is sure to be a winner.
|
|
|
|
Post by orlon on Aug 3, 2017 10:47:10 GMT -5
I don't consider reality to be to doom and gloom. Show me where the money will come from and I'll change my tune, but so far reality seems to be winning.
|
|
|
|
Post by traderdennis on Aug 3, 2017 10:58:53 GMT -5
I don't consider reality to be to doom and gloom. Show me where the money will come from and I'll change my tune, but so far reality seems to be winning. I saw that surprise as a positive. If MNKD is able to close a secondary/rights offering of 100MM shares at $1.00. That extends the runway significantly, allows for more DTC. |
|
|
|
Post by n8 on Aug 3, 2017 11:07:29 GMT -5
What if the surprise is that Management can legally speak about financial plans and explains the sources for revenue and it shows up in the release?
|
|
|
|
Post by brotherm1 on Aug 3, 2017 11:29:31 GMT -5
I don't consider reality to be to doom and gloom. Show me where the money will come from and I'll change my tune, but so far reality seems to be winning. I saw that surprise as a positive. If MNKD is able to close a secondary/rights offering of 100MM shares at $1.00. That extends the runway significantly, allows for more DTC. The way I see it is we are worth around $700 million to a company with a sales infrastructure in the US that could quickly bring our current $14 million in annual sales to the remaining 90 plus percent of PWD's that currently don't even know Aftezza is an option for them. Current sales of $14 million x 10 x 5 times sales = $700 million. Icing on the cake would be the pipeline, perhaps patents, pediatric approval, better future CGM's and access; improved insurance coverage, Canada, South America and the remaining 6 world continents.... If I personally had an extra $100 million laying around, I would buy 100 million shares at $1.00 and rest easy. |
|
|
|
Post by liane on Aug 3, 2017 11:34:03 GMT -5
Cash flow problem? No problem. My guess is there will be an announcement of a 100,000,000 new share offering at $1.00/shr with rights. The stock price will be at $1.00/shr on the 7th. This suggestion is not to belittle the new management team as I think they are trying their level best to get the sales up and the name out there, but to state the dire straights they are in financially. This is ludicrous; there are not that many shares available to offer. Sorry, I don't have time to look it up, but it's only on the order of 25-35M shares available. |
|
|
|
Post by hopingandwilling on Aug 3, 2017 11:39:39 GMT -5
Where do you get the $14 million in revenue number? Afrezza has been in the market since 2015 and total gross revenues don't come to $14 million...they hardly come to $10 million.
|
|
|
|
Post by brotherm1 on Aug 3, 2017 11:48:04 GMT -5
Extrapolated from the total of the past four weeks
|
|
|
|
Post by dreamboatcruise on Aug 3, 2017 11:48:34 GMT -5
According to matt "we know the Mann Group has a block of shares but we don't know what other assets they own. They may indeed be trying to quietly liquidate a big chunk of their MNKD holding to raise the money needed to make the payment later this month. It seems to be that they started putting through big blocks around July 20, and today is just a continuation. At one point I calculated that they needed to sell around 450K shares per trading day if they had no other cash assets available." Read more: mnkd.proboards.com/user/2019/recent#ixzz4ohqo1RAHSo according to the "expert" there will be no dilution. You are claiming Matt said something he didn't. This money he is talking about is if they needed to sell shares to raise money to deliver on the credit line that MNKD is now drawing against. That does not avoid the need for additional cash within a few months and Matt has pointed out that if it is accessing markets it likely needs to be done sooner than that based on difficulties doing offerings around Sept/Oct time frame. |
|
|
|
Post by brotherm1 on Aug 3, 2017 11:52:08 GMT -5
Where do you get the $14 million in revenue number? Afrezza has been in the market since 2015 and total gross revenues don't come to $14 million...they hardly come to $10 million. whoops you are right. I used Symphony total sales figures which include sales figures from other sources. Back to the drawing board; so it might be a good thing I did not have an extra $100 million laying around. |
|
|
|
Post by ilovekauai on Aug 3, 2017 11:52:19 GMT -5
I don't require any surprise(s). All that matters to me for the rest of the year is the script count. Just keep pushing that weekly total UP as has been happening, and things will take care of themselves. That's what matters. Maybe tomorrow we pop over 400+? We'll see, but even if we don't the TREND is UP, and some here know what I mean when I use that word TREND, so loosely. Cheers.
|
|
|
|
Post by agedhippie on Aug 3, 2017 11:54:09 GMT -5
Not happening. There are two ways that would go - it gives control of the company to some 3rd party, or you just halved the value of a share and will tank the share price when those shares are sold. There is no good outcome from selling that number of shares.
|
|
|
|
Post by madog365 on Aug 3, 2017 12:30:34 GMT -5
I don't consider reality to be to doom and gloom. Show me where the money will come from and I'll change my tune, but so far reality seems to be winning. Yes, just like Mannkind declared bankrupcy the past 3 earnings calls. The reality is the company is alive and well, methodically executing on a long term vision/strategy in transforming the organization in all aspects. It has been 1.5 years since the break-up and Mannkind has a completely new executive team, hiring across the board for sales, operations, and nurse educators, just signed a new office lease, signed agreements with One Drop and BIOMM, and just beginning an actual go to market/dtc marketing for Afrezza - And you think they are just going to throw all of that away with massive shareholder dilution to the tune of 100m shares? Doom and Gloom. |
|
