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Post by sportsrancho on Jul 28, 2019 8:51:05 GMT -5
Who is tying up Mike’s hands? And what if Deerfield never gets out-of-the-way? And does Mike really want them out of the way? I can’t wait till August is over and we have some plans laid out:-) What’s the next plan for Afrezza? The new molecule? A new loan? News on EpiPen? "I can't wait till (August??) is over"..etc. Is the delay at our end? or is Mgt. not corresponding,? or was that the planned time? From what I’ve heard and read in emails the updates are supposed to come around the time of the earnings call and then Deerfield is going to be gone on the 31st so to speak. |
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Post by helmut8056 on Jul 28, 2019 9:04:56 GMT -5
Thankyou for the quick response. "Eternity is a very long time, especially towards the end". - Stephen Hawking
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Post by Deleted on Jul 28, 2019 15:58:24 GMT -5
Who is tying up Mike’s hands? And what if Deerfield never gets out-of-the-way? And does Mike really want them out of the way? I can’t wait till August is over and we have some plans laid out:-) What’s the next plan for Afrezza? The new molecule? A new loan? News on EpiPen? You tell us....You met with MNKD..... You know Deerfield owns all of Afrezza as collateral. MNKD will be rid of DF when they payoff their debt. I don't think MNKD will get back in bed with them...They are POND SUCKERS and MNKD has graduated to the next level and will get a new DEBT DEAL with much better terms. |
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Post by sportsrancho on Jul 28, 2019 18:32:41 GMT -5
Mike recently told me personally that Deerfield has been very good to us and so I am trusting him, if he decides to get a lone.... that he will get a nondilutive deal done with whoever he feels is best.
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Post by Deleted on Jul 29, 2019 7:35:00 GMT -5
Mike recently told me personally that Deerfield has been very good to us and so I am trusting him, if he decides to get a lone.... that he will get a nondilutive deal done with whoever he feels is best. Of course they were good. Deerfield made LOAN SHARK Money off of MNKD. I don't blame them because MNKD was desperate. And yes DF bent over backwards to accommodate MNKD. There were several times DF could have put MNKD into Default. Now MKND will shop their new deal with better terms. IMO they will refinance MANN GROUP's $71.5M and get additional capital (maybe $100M - $150M) with a decent rate (6% - 7.5%) and a 2025 exp. date. Let's see if my years of experience in corporate bonds are accurate. |
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Post by sportsrancho on Jul 29, 2019 7:59:16 GMT -5
Mike recently told me personally that Deerfield has been very good to us and so I am trusting him, if he decides to get a lone.... that he will get a nondilutive deal done with whoever he feels is best. Of course they were good. Deerfield made LOAN SHARK Money off of MNKD. I don't blame them because MNKD was desperate. And yes DF bent over backwards to accommodate MNKD. There were several times DF could have put MNKD into Default. Now MKND will shop their new deal with better terms. IMO they will refinance MANN GROUP's $71.5M and get additional capital (maybe $100M - $150M) with a decent rate (6% - 7.5%) and a 2025 exp. date. Let's see if my years of experience in corporate bonds are accurate. I’d be real happy with that. I hope you’re 100% accurate! |
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Post by agedhippie on Jul 29, 2019 8:26:20 GMT -5
Of course they were good. Deerfield made LOAN SHARK Money off of MNKD. I don't blame them because MNKD was desperate. And yes DF bent over backwards to accommodate MNKD. There were several times DF could have put MNKD into Default. Now MKND will shop their new deal with better terms. IMO they will refinance MANN GROUP's $71.5M and get additional capital (maybe $100M - $150M) with a decent rate (6% - 7.5%) and a 2025 exp. date. Let's see if my years of experience in corporate bonds are accurate. I think that this estimate is a bit more realistic than your original 5.25% estimate. I still think it will be higher, but 7.5% might be possible. I think the Mann Group could be in that range though. |
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Post by nemzter on Jul 29, 2019 9:07:29 GMT -5
Of course they were good. Deerfield made LOAN SHARK Money off of MNKD. I don't blame them because MNKD was desperate. And yes DF bent over backwards to accommodate MNKD. There were several times DF could have put MNKD into Default. Now MKND will shop their new deal with better terms. IMO they will refinance MANN GROUP's $71.5M and get additional capital (maybe $100M - $150M) with a decent rate (6% - 7.5%) and a 2025 exp. date. Let's see if my years of experience in corporate bonds are accurate. I think that this estimate is a bit more realistic than your original 5.25% estimate. I still think it will be higher, but 7.5% might be possible. I think the Mann Group could be in that range though. Fed rate might come down, would that also make a difference? |
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Post by mnholdem on Jul 29, 2019 10:03:25 GMT -5
It may help. My concern as a shareholder is that MannKind frees up much of the collateral held by Deerfield and, if a new undilutive loan is financed through DF, the collateral will be proportional. No more giving all Assets to secure the financing.
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Post by Deleted on Jul 29, 2019 14:58:51 GMT -5
It may help. My concern as a shareholder is that MannKind frees up much of the collateral held by Deerfield and, if a new undilutive loan is financed through DF, the collateral will be proportional. No more giving all Assets to secure the financing. Do you mean proportional or appropriate? Since MNKD is a much stronger company now than 2013 they could get away with a Unsecured SENIOR Debt Deal. I don't see any severe covenants on the new deal. |
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Loan Rate
Jul 29, 2019 15:19:40 GMT -5
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Post by mnholdem on Jul 29, 2019 15:19:40 GMT -5
I doubt MannKind could land unsecured financing.
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Post by Deleted on Jul 29, 2019 15:37:00 GMT -5
I doubt MannKind could land unsecured financing. We will see pretty soon. Bet an announcement will come after the FED lowers rates!!! |
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Post by matt on Jul 29, 2019 16:13:27 GMT -5
It may help. My concern as a shareholder is that MannKind frees up much of the collateral held by Deerfield and, if a new undilutive loan is financed through DF, the collateral will be proportional. No more giving all Assets to secure the financing. Do you mean proportional or appropriate? Since MNKD is a much stronger company now than 2013 they could get away with a Unsecured SENIOR Debt Deal. I don't see any severe covenants on the new deal. Since there is zero net equity in the balance sheet, zero, I don't see any lender that will want to be pari passu with all the various creditors since the debt to capital ratio will far exceed 100% for the foreseeable future. Lenders are sometimes nice guys, but they are not stupid either. The main reason a firm like DF will have strong covenants, but not actually declare the company in default, is because the worst possible outcome for them is a default. The very last thing DF wants is to own operating assets because operating a troubled pharmaceutical company is not something they are good at, but they do want their money and they want it before anybody else gets paid. That is the purpose of security in these circumstances and the covenants insure that management is always thinking about them. |
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Post by agedhippie on Jul 29, 2019 16:46:07 GMT -5
I think that this estimate is a bit more realistic than your original 5.25% estimate. I still think it will be higher, but 7.5% might be possible. I think the Mann Group could be in that range though. Fed rate might come down, would that also make a difference? It likely would. The rate tends to be a mark-up on something like the Fed rate (LIBOR is another favorite) so if the rate drops the interest would probably follow. |
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Post by boca1girl on Aug 1, 2019 7:30:09 GMT -5
Fidelity increased it’s payment to 2.175%. But that’s far below what others posted regarding Schawb.
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