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Post by goyocafe on Apr 17, 2018 19:06:15 GMT -5
I thought the 14M shares were sold to Sabby and other strong health care funds. Are you suggesting that they’ve already sold off some or all of the 14M shares? Sign the deal, short the stock, cover the short with the pipe placement. They probably were short before pipe. A 13G is required if you control greater than 5% of the stock, but that can be with either shares or warrants to purchase shares which I believe is what Sabby triggered the 13G. Will we ever know for sure. no. Do we have a major holder of stock from when we had the offer at $6...Kent Kresa is about it. Also expect those with warrants to go short prior to October if the stock price is above$2.38 and less than $3.25. Game theory suggests to take the short free roll during the six month exercise period as opposed to just converting and selling. If the price is jnorth of $3.25 then maybe you will see conversions without short selling during the conversion period. Light years....
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Post by morfu on Apr 17, 2018 20:02:03 GMT -5
Interest paid down to 20.25% today at Fidelity. 20% of my shares still not loaned out. More of my shares were returned today, now down to only 65% loaned out. I guess I won’t be buying many more shares with with the interest earned. Hopefully the shorts are starting to throw in the towel. I would much rather have the stock appreciate than earn interest on loaned shares. Maybe the short positions on the new 14M shares are been closed out now. Hihi there, well I could imagine, that some of the weakness of the stock comes from the fact that people like me use this and maybe some of next months share loan interest to pay the taxes.. I would guess that not only for me the taxes for this income became due on 4/17.. But no worries at least me will be investing this free money in Mannkind again soon enough..
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Post by casualinvestor on Apr 18, 2018 8:55:59 GMT -5
Interest paid by Schwab is back down to 15% from 18%
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Post by boca1girl on Apr 18, 2018 10:37:37 GMT -5
Lowest rate paid by Fidelity that I can remember at 16.875% this morning. I still have 1,000’s shares available to loan out. I will be very surprised if if short interest is not down at the next SI report.
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Post by Deleted on Apr 18, 2018 17:07:44 GMT -5
Loan rate decreased to 10% at Schwab.
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Post by buyitonsale on Apr 18, 2018 18:07:55 GMT -5
This steep decline seems unusual...
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Post by Deleted on Apr 18, 2018 18:41:13 GMT -5
The most likely explanation is shorts are / have exited before the partnership is announced.
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Post by sportsrancho on Apr 18, 2018 18:45:11 GMT -5
Just like I said before, the shorts have no more idea than we do if we’re going to need more dilution by the end of the year depending on the upfront money we get, if we do, so why would they stay in? What’s their catalyst at this point in time...:-)
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Post by gamblerjag on Apr 18, 2018 19:01:22 GMT -5
Then they are going to exit hard and furious because as of 3/29 the SI is near the highest ever? I must of missed the 4/12 SI.
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Post by mnkdfann on Apr 18, 2018 19:28:49 GMT -5
Just like I said before, the shorts have no more idea than we do if we’re going to need more dilution by the end of the year depending on the upfront money we get, if we do, so why would they stay in? What’s their catalyst at this point in time...:-) In my opinion (as a current long, and never a short), additional dilution is obviously happening in the not too distant future. How can it not? Sorry, I don't believe in the international partner with big pockets notion any more than I do in the Easter Bunny or Santa Claus. And without one, IMO, there will again be dilution. Dilution when? Maybe not before the end of the year, but if not it will be close (in early 2019). And additional dilution will probably be near the maximum level Mannkind can do, subject only to SEC limits and there being enough people / funds willing to buy shares. I think that will continue for the next 2 or 3 years, at least. So why do I stay invested. Believe me, I wish I had sold all my shares a couple of months ago around $3, and not just most of my position. But fortunately the tiny stake I have left is something like 0.5% (if that) of my overall portfolio. If it goes to zero, I won't even notice (financially speaking, I mean). And if it starts spiking up, I believe I pay enough attention that I'll have plenty of time to increase my stake before missing any big gains. In my opinion, Mannkind is not even close to going bankrupt. It won't go there. There is no reason for it to do so. It can continue as it is now, with a few hundreds of scripts a week, as long as the markets allow it to dilute again and again. In my opinion, international partnerships will not change the story. Only widespread acceptance in the U.S. (the main / only? market in which they can charge big dollars for the product) will do that. Maybe MC and Special K can get that done, we'll see. And now the opposing viewpoint: Mannkind Shareholder, your little friends are wrong. They have been affected by the skepticism of a skeptical age. They do not believe except they see. They think that nothing can be which is not comprehensible by their little minds. All minds, Mannkind Shareholder, whether they be men’s or children’s, are little. In this great universe of ours man is a mere insect, an ant, in his intellect, as compared with the boundless world about him, as measured by the intelligence capable of grasping the whole of truth and knowledge. Yes, Mannkind Shareholder, there is a deep pocketed international partner. It exists as certainly as love and generosity and devotion exist, and you know that they abound and give to your life its highest beauty and joy. Alas! how dreary would be the world if there were no deep pocketed international partner. It would be as dreary as if there were no Mannkind Shareholders. There would be no childlike faith then, no poetry, no romance to make tolerable this existence. We should have no enjoyment, except in sense and sight. The eternal light with which childhood fills the world would be extinguished. Not believe in a deep pocketed international partner! You might as well not believe in fairies! You might get your papa to hire men to watch at all of Mannkind's AGMs to catch representatives of that deep pocketed international partner, but even if they did not see them entering or exiting the AGM, what would that prove? Nobody sees the deep pocketed international partner or its representatives, but that is no sign that there is no deep pocketed international partner. The most real things in the world are those that neither children nor men can see. Did you ever see fairies dancing on the lawn? Of course not, but that’s no proof that they are not there. Nobody can conceive or imagine all the wonders there are unseen and unseeable in the world. You may tear apart the baby’s rattle and see what makes the noise inside, but there is a veil covering the unseen world which not the strongest man, nor even the united strength of all the strongest men that ever lived, could tear apart. Only faith, fancy, poetry, love, romance, can push aside that curtain and view and picture the supernal beauty and glory beyond. Is it all real? Ah, Mannkind Shareholder, in all this world there is nothing else real and abiding. No deep pocketed international partner! Thank God! it exists, and it exists forever. A thousand years from now, Mannkind Shareholder, nay, ten times ten thousand years from now, it will continue to make glad the heart of Mannkind investors. *** I hope people recognise that the above is based on a famous newspaper editorial from days gone by. ***
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Post by sportsrancho on Apr 19, 2018 8:57:06 GMT -5
Well risingskeptic just copied you word for word or you copied him, funny how that occurs so frequently🤣
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Post by boca1girl on Apr 19, 2018 10:52:35 GMT -5
Lowest rate paid by Fidelity that I can remember at 16.875% this morning. I still have 1,000’s shares available to loan out. I will be very surprised if if short interest is not down at the next SI report. Today down to 14.875%. Nice to see that the stock price is up $0.10.
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Post by kc on Apr 19, 2018 11:08:15 GMT -5
I am showing at fidelity that the rate is: MANNKIND CORP COM NEW BORROW RATE 16.875 %
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Post by boca1girl on Apr 19, 2018 11:11:36 GMT -5
I am showing at fidelity that the rate is: MANNKIND CORP COM NEW BORROW RATE 16.875 %Wow, so Fidelity is only making 2% on the spread! I bet the rate paid will drop further. Too bad we can’t get a real squeeze that so many of us have dreamed about!
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Post by dreamboatcruise on Apr 19, 2018 12:12:12 GMT -5
Just like I said before, the shorts have no more idea than we do if we’re going to need more dilution by the end of the year depending on the upfront money we get, if we do, so why would they stay in? What’s their catalyst at this point in time...:-) We all should realize that odds are more dilution will be needed before end of the year. Hopefully it will be at higher price than this last one. Unlike the need for dilution, it's very difficult to predict the price movement of MNKD shares.
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