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Post by straightly on Sept 30, 2017 16:46:21 GMT -5
Want to throw some cool mist over the red hot "label change" fire and highlight between what we need vs. what we want. We want the label change. We want Afrezza to become the blockbuster as it should, tomorrow! We want our "cusp of our Apple stock moment", yesterday. But right now, we need enough cash to carry us to cash flow positive. I believe some deal has already been structured, but the terms are not set. Say we want XXX amount of money which will carry a rate of YYY and convertible to common at ZZZ. When the deal was laid out, our stocks was much lower (aound $1?). Mike is working on improve our odds and needed time. So Sheerfield said: if you can do this by this time, we will give you more time. We did that and we got more time. The counterparty said something similar: ZZZ is going to be between $.80 (20% dilution of your current price) and $2.60. However, Mike, you have to show us you can do this (weekly >  ) and that (Label change, trial?). My speculation is that with all that happened in the last 4 weeks, I believe Mike now DOES have the options to re-cap based a feasible scenario with reasonable terms, EVEN IF OUR LABEL CHANGE does not come through exactly as we wanted or got delayed. I want say all these things we want, ALL OF THEM, can wait, Mike should be very proud of himself if we can recap a path to survival, and our longs should be happy knowing our rewards will come if we wait. The significance of the label change has already be reflected to a certain degree because of the sales increase and other positive events in the diabetes worlds. Since this is speculation, my numbers are XXX = $100M. YYY = 6%, and ZZZ = $1.84 IF the label change does NOT come tomorrow, we struck the deal before the stock drift lower, which started Friday. XXX = $100M. YYY = 6%, and ZZZ = $2.60 IF the label change DOES come tomorrow. XXX = $100M, YYY = 6%, and ZZZ = $1.20 IF the label change does not come in a week. What's your number? Again, these are purely my speculations with no grain of truth whatsoever. |
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Post by dreamboatcruise on Sept 30, 2017 16:59:19 GMT -5
It does not give me a good feeling at all if Mike is holding off on a deal that could have already been closed on somewhat worse terms. Unless there are more than one investors being played off against each other, it is giving the other party way to much leverage allowing the bank account to continue to drop to levels where soon it will literally be "do or die" for a financing deal.
I have no ability to read minds, so I couldn't possibly make any intelligent speculation on details of your speculation.
To reuse a phrase... I sure hope Mike is operating "from a position of strength". He obviously knows more than I do... please let it be good.
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Post by straightly on Sept 30, 2017 17:04:52 GMT -5
It does not give me a good feeling at all if Mike is holding off on a deal that could have already been closed on somewhat worse terms. Unless there are more than one investors being played off against each other, it is giving the other party way to much leverage allowing the bank account to continue to drop to levels where soon it will literally be "do or die" for a financing deal. I have no ability to read minds, so I couldn't possibly make any intelligent speculation on details of your speculation. To reuse a phrase... I sure hope Mike is operating "from a position of strength". He obviously knows more than I do... please let it be good. The few "re-caps" I had observed specifies that the conversion ZZZ being the average prices of the last two weeks. |
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Post by joeypotsandpans on Sept 30, 2017 17:27:58 GMT -5
Want to throw some cool mist over the red hot "label change" fire and highlight between what we need vs. what we want. We want the label change. We want Afrezza to become the blockbuster as it should, tomorrow! We want our "cusp of our Apple stock moment", yesterday. But right now, we need enough cash to carry us to cash flow positive. I believe some deal has already been structured, but the terms are not set. Say we want XXX amount of money which will carry a rate of YYY and convertible to common at ZZZ. When the deal was laid out, our stocks was much lower (aound $1?). Mike is working on improve our odds and needed time. So Sheerfield said: if you can do this by this time, we will give you more time. We did that and we got more time. The counterparty said something similar: ZZZ is going to be between $.80 (20% dilution of your current price) and $2.60. However, Mike, you have to show us you can do this (weekly > ) and that (Label change, trial?). My speculation is that with all that happened in the last 4 weeks, I believe Mike now DOES have the options to re-cap based a feasible scenario with reasonable terms, EVEN IF OUR LABEL CHANGE does not come through exactly as we wanted or got delayed. I want say all these things we want, ALL OF THEM, can wait, Mike should be very proud of himself if we can recap a path to survival, and our longs should be happy knowing our rewards will come if we wait. The significance of the label change has already be reflected to a certain degree because of the sales increase and other positive events in the diabetes worlds. Since this is speculation, my numbers are XXX = $100M. YYY = 6%, and ZZZ = $1.84 IF the label change does NOT come tomorrow, we struck the deal before the stock drift lower, which started Friday. XXX = $100M. YYY = 6%, and ZZZ = $2.60 IF the label change DOES come tomorrow. XXX = $100M, YYY = 6%, and ZZZ = $1.20 IF the label change does not come in a week. What's your number? Again, these are purely my speculations with no grain of truth whatsoever. Since this is a purely speculation thread: To paraphrase: "I wouldn't trade this job for anything in the world...followed by it's been a long journey" -Mike C, that's a very powerful statement IMO. It could have a wide range of meaning/interpretation from a simple acknowledgement from the FDA based on their response to the label change to a series of domino's that have been put into place based on that result. I see that tweet as one huge exhale of relief and vindication but that's just my interpretation. As far as price, if there is a very positive press release pre-market I would expect a breakaway gap up and where that could be is anyone's guess but with a lack of shares available and potential notifications going out it should initially be well north of your highest figure &2.60) IMO, we could get to $10 yes $10 ($2 pre-split) in fairly short order (within weeks) depending on what follows regarding recapitalization or other announcements. Again, as long as we're in the speculation mode  |
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Post by dreamboatcruise on Sept 30, 2017 17:33:19 GMT -5
Want to throw some cool mist over the red hot "label change" fire and highlight between what we need vs. what we want. We want the label change. We want Afrezza to become the blockbuster as it should, tomorrow! We want our "cusp of our Apple stock moment", yesterday. But right now, we need enough cash to carry us to cash flow positive. I believe some deal has already been structured, but the terms are not set. Say we want XXX amount of money which will carry a rate of YYY and convertible to common at ZZZ. When the deal was laid out, our stocks was much lower (aound $1?). Mike is working on improve our odds and needed time. So Sheerfield said: if you can do this by this time, we will give you more time. We did that and we got more time. The counterparty said something similar: ZZZ is going to be between $.80 (20% dilution of your current price) and $2.60. However, Mike, you have to show us you can do this (weekly > ) and that (Label change, trial?). My speculation is that with all that happened in the last 4 weeks, I believe Mike now DOES have the options to re-cap based a feasible scenario with reasonable terms, EVEN IF OUR LABEL CHANGE does not come through exactly as we wanted or got delayed. I want say all these things we want, ALL OF THEM, can wait, Mike should be very proud of himself if we can recap a path to survival, and our longs should be happy knowing our rewards will come if we wait. The significance of the label change has already be reflected to a certain degree because of the sales increase and other positive events in the diabetes worlds. Since this is speculation, my numbers are XXX = $100M. YYY = 6%, and ZZZ = $1.84 IF the label change does NOT come tomorrow, we struck the deal before the stock drift lower, which started Friday. XXX = $100M. YYY = 6%, and ZZZ = $2.60 IF the label change DOES come tomorrow. XXX = $100M, YYY = 6%, and ZZZ = $1.20 IF the label change does not come in a week. What's your number? Again, these are purely my speculations with no grain of truth whatsoever. Since this is a purely speculation thread: To paraphrase: "I wouldn't trade this job for anything in the world...followed by it's been a long journey" -Mike C, that's a very powerful statement IMO. It could have a wide range of meaning/interpretation from a simple acknowledgement from the FDA based on their response to the label change to a series of domino's that have been put into place based on that result. I see that tweet as one huge exhale of relief and vindication but that's just my interpretation. As far as price, if there is a very positive press release pre-market I would expect a breakaway gap up and where that could be is anyone's guess but with a lack of shares available and potential notifications going out it should initially be well north of your highest figure &2.60) IMO, we could get to $10 yes $10 ($2 pre-split) in fairly short order (within weeks) depending on what follows regarding recapitalization or other announcements. Again, as long as we're in the speculation mode I'll sell you some Oct 31 $10 strike covered calls... how much are you offering |
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Post by joeypotsandpans on Sept 30, 2017 17:45:18 GMT -5
Since this is a purely speculation thread: To paraphrase: "I wouldn't trade this job for anything in the world...followed by it's been a long journey" -Mike C, that's a very powerful statement IMO. It could have a wide range of meaning/interpretation from a simple acknowledgement from the FDA based on their response to the label change to a series of domino's that have been put into place based on that result. I see that tweet as one huge exhale of relief and vindication but that's just my interpretation. As far as price, if there is a very positive press release pre-market I would expect a breakaway gap up and where that could be is anyone's guess but with a lack of shares available and potential notifications going out it should initially be well north of your highest figure &2.60) IMO, we could get to $10 yes $10 ($2 pre-split) in fairly short order (within weeks) depending on what follows regarding recapitalization or other announcements. Again, as long as we're in the speculation mode I'll sell you some Oct 31 $10 strike covered calls... how much are you offering All my calls are ITM, I bought quite a few ITM calls with very little premium which has me leveraged nicely...i bought them when I woke up and we we're sitting at @ $1.19 in early Aug. So when I swap out of them (most likely others by that time) into the 10's I'll give you a hollar  |
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Post by sportsrancho on Sept 30, 2017 18:34:00 GMT -5
“I see that tweet as one huge exhale of relief and vindication”
Yes, it felt that way to me too!
For all of you that don’t know, Joey waking up is very bullish!!
And I’m speculating that his speculation on the pps is correct.
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Post by straightly on Sept 30, 2017 21:47:20 GMT -5
It does not give me a good feeling at all if Mike is holding off on a deal that could have already been closed on somewhat worse terms. Unless there are more than one investors being played off against each other, it is giving the other party way to much leverage allowing the bank account to continue to drop to levels where soon it will literally be "do or die" for a financing deal. I have no ability to read minds, so I couldn't possibly make any intelligent speculation on details of your speculation. To reuse a phrase... I sure hope Mike is operating "from a position of strength". He obviously knows more than I do... please let it be good. "Mike is holding off on a deal that could have already been closed on somewhat worse terms": Why not? If the deal had to be struck based on $1.09 a month ago, vs. based on $2.17 Friday, I applaud Mike's deal making skills. We all know Afrezza is a winner, but deals have to be struck on "show me the beef". An intent letter could have been signed to give Mike some leeway to prove himself/MNKD. Details of my speculation are: XXX: How much cash do we need to carry MNKD to cash flow positive. I do think another round of recap will be TERRIBLY expensive. So we need enough cash + reasonable buffer. YYY: If we go debt or other ways with cash outlay, what interests would we pay? If not, YYY = 0%. ZZZ: If we have to offer common, what will be the striking price? I know many here would believe any price is too low, but we should not expect any investors to pay more than $2.17: If they want to pay that, they could have bought at the open market. My "mind" does not matter. I know that for a fact :-) |
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Post by lakers on Oct 1, 2017 15:02:44 GMT -5
Joey said: "It could have a wide range of meaning/interpretation from a simple acknowledgement from the FDA based on their response to the label change to a series of domino's that have been put into place based on that result. I see that tweet as one huge exhale of relief and vindication but that's just my interpretation."
Amen
Seems Matt wanted to do deal in Q2. BoD and Mike wanted to wait till after Label change. Disagreement led to Matt's ouster, perhaps??
Matt turned financially conservative after being burnt so many times?
Mike the new blood wanted to gamble for better deals and recap after Label change?
Read 1Q17 ER slide.
On file and expect near term approval in one ME country
Late stage partnering discussions in other jurisdictions.
Certainly, Matt lost credibility for not fulfilling 1Q17 promise, which undermined his ability to govern. Make sense that he was out for not having BoD's support.
Think Mike is right this time...
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Post by falconquest on Oct 1, 2017 19:27:42 GMT -5
I guess we will know soon enough what Mike is up to. I can only hold to my core belief that any re-capitalization, financing deal, partnership etc. will only be good if they can increase sales. Otherwise it's a temporary fix. Our problems will only be resolved once Afrezza is accepted in the marketplace. I wish good luck to everyone tomorrow.
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Post by peppy on Oct 1, 2017 20:03:31 GMT -5
Joey said: "It could have a wide range of meaning/interpretation from a simple acknowledgement from the FDA based on their response to the label change to a series of domino's that have been put into place based on that result. I see that tweet as one huge exhale of relief and vindication but that's just my interpretation." Amen Seems Matt wanted to do deal in Q2. BoD and Mike wanted to wait till after Label change. Disagreement led to Matt's ouster, perhaps?? Matt turned financially conservative after being burnt so many times? Mike the new blood wanted to gamble for better deals and recap after Label change? Read 1Q17 ER slide.On file and expect near term approval in one ME country Late stage partnering discussions in other jurisdictions. Certainly, Matt lost credibility for not fulfilling 1Q17 promise, which undermined his ability to govern. Make sense that he was out for not having BoD's support. Think Mike is right this time...  |
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Post by itellthefuture777 on Oct 2, 2017 14:45:46 GMT -5
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Post by orlon on Oct 2, 2017 14:53:19 GMT -5
What happened to the tweet that MC allegedly sent at 11:49 Friday night and caused such jubilation before the fact? Credibility on this board use to somewhat okay....but now?
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Post by peppy on Oct 2, 2017 14:58:30 GMT -5
What happened to the tweet that MC allegedly sent at 11:49 Friday night and caused such jubilation before the fact? Credibility on this board use to somewhat okay....but now? board members ironed that shirt and it is in the closet. Find the thread and read it. |
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Post by compound26 on Oct 4, 2017 13:55:19 GMT -5
I guess we will know soon enough what Mike is up to. I can only hold to my core belief that any re-capitalization, financing deal, partnership etc. will only be good if they can increase sales. Otherwise it's a temporary fix. Our problems will only be resolved once Afrezza is accepted in the marketplace. I wish good luck to everyone tomorrow. You are wishing everyone good luck. Does that everyone include yourself? Seems like you have sold out MNKD and not holding any at the moment. |
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) and that (Label change, trial?).
