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Post by traderdennis on May 23, 2019 13:51:45 GMT -5
Short squeeze has been the talk since 2014... have them leave in an orderly manner at this point, I don’t care about squeeze anymore...I just want them the hell out here, and let us get back to a level (not completely manipulated) playing field. So the SHORTS have been in MNKD since 2014? That's probably when Deerfield came into the picture. The SHORTS knew about the very restrictive financing covenants and made a ton of money. Those covenants will come to an end on July 1st when the last debt payment is due. Let's see if the shorts unwind their position. IIRC, in 2014 Bank of America was the leinholder, they had 10 million shares they held short as a hedge that was closed when the balance was refinanced. The shorts did not make money based on restrictive covenants. They have made money because the company has not sold Afrezza, simple as that. |
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Post by cretin11 on May 23, 2019 14:15:51 GMT -5
The loan rate has been such an interesting saga now for years. I'm surprised there is still any interest paid, it's so low now my guess is all shares will be returned from loan in the near future. I miss the days when rates were sky high and we all blissfully thought it was strong evidence that the shorts were trapped. The logic seemed sound but obviously it wasn't true. To plagiarize Seger, "I wish I didn't know now what I didn't know then." Thought that was a quote by Toby Keith Let’s hope we’re here in 2021-2022+ Toby also plagiarized Seger on that phrase (Seger was two decades earlier). |
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Post by prcgorman2 on May 23, 2019 16:14:21 GMT -5
So the SHORTS have been in MNKD since 2014? That's probably when Deerfield came into the picture. The SHORTS knew about the very restrictive financing covenants and made a ton of money. Those covenants will come to an end on July 1st when the last debt payment is due. Let's see if the shorts unwind their position. IIRC, in 2014 Bank of America was the leinholder, they had 10 million shares they held short as a hedge that was closed when the balance was refinanced. The shorts did not make money based on restrictive covenants. They have made money because the company has not sold Afrezza, simple as that. Oh, it is most certainly not "simple as that".
I don't go in for conspiracy theory but that doesn't mean conspiracies don't happen and the saga of Mannkind and Afrezza has earmarks of a concerted effort to deny operating capital to Mannkind through a variety of means including perhaps predatory shorting (enhanced by or with conventional and social media bashing). |
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Post by Deleted on May 23, 2019 18:18:55 GMT -5
So the SHORTS have been in MNKD since 2014? That's probably when Deerfield came into the picture. The SHORTS knew about the very restrictive financing covenants and made a ton of money. Those covenants will come to an end on July 1st when the last debt payment is due. Let's see if the shorts unwind their position. IIRC, in 2014 Bank of America was the leinholder, they had 10 million shares they held short as a hedge that was closed when the balance was refinanced. The shorts did not make money based on restrictive covenants. They have made money because the company has not sold Afrezza, simple as that. That's my point. The shorts knew MNKD could not sell the Afrezza Rights or IP because of the collateral financing. |
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Post by traderdennis on May 23, 2019 18:27:28 GMT -5
IIRC, in 2014 Bank of America was the leinholder, they had 10 million shares they held short as a hedge that was closed when the balance was refinanced. The shorts did not make money based on restrictive covenants. They have made money because the company has not sold Afrezza, simple as that. Oh, it is most certainly not "simple as that".
I don't go in for conspiracy theory but that doesn't mean conspiracies don't happen and the saga of Mannkind and Afrezza has earmarks of a concerted effort to deny operating capital to Mannkind through a variety of means including perhaps predatory shorting (enhanced by or with conventional and social media bashing). Al or Matt could of done a secondary right after approval and before the Sanofi deal. That would of been standard at the time. The company was valued at 4B, 250 million would of gone a very long way today. 40 million shares about 10% of the outstanding at the time priced at $7.00 . Not having capital was self inflicted by Al and Matt. |
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Post by buyitonsale on May 23, 2019 19:39:08 GMT -5
I agree, a huge self inflicted misstep to not raise capital when they could... Even during summer of 2015 the price was 7. Board is to blame for that. I don't know what Al was thinking.
In my mind this was the biggest mistake ever... Sanofi deal was not a mistake, it was simply sabotaged later, because doctors would have started prescribing Afrezza much sooner under Sanofi. This was evident by the initial script numbers.
Sanofi chose to kill it.
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Post by mytakeonit on May 23, 2019 21:30:20 GMT -5
So at 7 we would be 5.75 times up. Later Sanofi will come back and offer MNKD 700. We'll hold out for 1000 ... whick is 819.67 times. Ahhh ... wine really stimulates the brain.
But, that's mytakeonit
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Post by cretin11 on May 24, 2019 5:38:10 GMT -5
So at 7 we would be 5.75 times up. Later Sanofi will come back and offer MNKD 700. We'll hold out for 1000 ... whick is 819.67 times. Ahhh ... wine really stimulates the brain. But, that's mytakeonit That post seems more influenced by Maui Waui than wine! |
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Post by Deleted on May 24, 2019 8:13:27 GMT -5
Oh, it is most certainly not "simple as that".
I don't go in for conspiracy theory but that doesn't mean conspiracies don't happen and the saga of Mannkind and Afrezza has earmarks of a concerted effort to deny operating capital to Mannkind through a variety of means including perhaps predatory shorting (enhanced by or with conventional and social media bashing). Al or Matt could of done a secondary right after approval and before the Sanofi deal. That would of been standard at the time. The company was valued at 4B, 250 million would of gone a very long way today. 40 million shares about 10% of the outstanding at the time priced at $7.00 . Not having capital was self inflicted by Al and Matt. Hindsight is ALWAYS 20/20 |
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Post by boca1girl on May 24, 2019 8:54:21 GMT -5
I own SENS and they did a secondary right after they got FDA approval on their implantable cgm last year. Maybe they learned from others.
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Post by caesar on May 24, 2019 9:13:43 GMT -5
Al Mann was a control freak; played 'loosie goosy' with the development of technosphere and FDA slam dunked him. Unfortunately, the investors paid the price for all of misguided gyrations - certainly not his management teams (a never ending cabal of bullshit artists). With all the personal resources he had, why in the world would he go to Deerfield for quick cash and give them complete control over Afrezza, Technosphere, the pipeline and retail investors.
Disappointed that I was focused on the efficacy of Afrezza and not on Mann's narcistic behavior.
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Post by Omega on May 25, 2019 15:57:35 GMT -5
Al Mann was a control freak; played 'loosie goosy' with the development of technosphere and FDA slam dunked him. Unfortunately, the investors paid the price for all of misguided gyrations - certainly not his management teams (a never ending cabal of bullshit artists). With all the personal resources he had, why in the world would he go to Deerfield for quick cash and give them complete control over Afrezza, Technosphere, the pipeline and retail investors. Disappointed that I was focused on the efficacy of Afrezza and not on Mann's narcistic behavior. Are you talking about the first fda denial? You areforgetting key players and a true conspiracy.. and I need to some some proof of Al being as narcistic as you say, dont just spout shit you dont know about. Had you even meet the man? Or just do all your DD on ST? |
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Post by sportsrancho on May 25, 2019 17:34:11 GMT -5
Well you hear a lot of things over the years about how hard it was to work for him..but his family members on the day he died ..heartbroken ..could barely get the words out ..that it was, “ such a loss to lose someone that lived every day of his life only giving and trying to do good.”
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Post by boca1girl on Jun 1, 2019 8:26:44 GMT -5
Yesterday, Friday, 05/31/19, 100% of my shares were returned in all 3 of my Fidelity accounts. 100% of my husband’s shares were returned also.
This has never happened to me (us) since we have been in the loan program. On Friday, the interest paid was still at 1.5%.
Was this do to margin calls due to the overall stock market decline? Possibly, but my Roth IRA only had 161 shares in it and they were returned also.
Did it have anything to do with the last day of the month? I don’t know what significance that would have. If it was the end of June and the end of the 2Q, then maybe.
Are the shorts throwing in the towel? Hopefully. A WILD FANTASY maybe a early Monday announcement or maybe the shorts noticed the increase in scripts on Friday.
This is just so unusual that all of my and my husband’s shares were ALL returned, and returned on the same day. My husband has a good number of shares but I have 10x the amount he has. It will be interesting to see the next short interest report.
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Post by markado on Jun 1, 2019 9:30:28 GMT -5
Yesterday, Friday, 05/31/19, 100% of my shares were returned in all 3 of my Fidelity accounts. 100% of my husband’s shares were returned also. This has never happened to me (us) since we have been in the loan program. On Friday, the interest paid was still at 1.5%. Was this do to margin calls due to the overall stock market decline? Possibly, but my Roth IRA only had 161 shares in it and they were returned also. Did it have anything to do with the last day of the month? I don’t know what significance that would have. If it was the end of June and the end of the 2Q, then maybe. Are the shorts throwing in the towel? Hopefully. A WILD FANTASY maybe a early Monday announcement or maybe the shorts noticed the increase in scripts on Friday. This is just so unusual that all of my and my husband’s shares were ALL returned, and returned on the same day. My husband has a good number of shares but I have 10x the amount he has. It will be interesting to see the next short interest report. When all is said and done, someone needs to do some sort of study on the short trades in mnkd pre and post FDA approval. If ever there was a case for manipulative vs value based shorting and the need for tighter regulations re: shorting companies with MC's less than $1B, this is a prime example. I have no doubt such a study would expose the destructive nature of shorting to retail investors and innovation, in general. |
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