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Post by peppy on Oct 11, 2017 4:49:54 GMT -5
www.nasdaq.com/symbol/mnkd/premarketMannKind Announces $61 Million Registered Direct Offering of Common Stock WESTLAKE VILLAGE, Calif., Oct. 11, 2017 (GLOBE NEWSWIRE) -- MannKind Corporation (NASDAQ:MNKD) and (TASE:MNKD) today announced that it entered into definitive agreements with certain institutional investors and other investors in connection with a registered direct offering of an aggregate of 10,166,600 shares of common stock at an offering price of $6.00 per share, for gross proceeds of approximately $61 million. The offering is expected to close on or about October 13, 2017, subject to the satisfaction of customary closing conditions. Read more: mnkd.proboards.com/thread/8858/10-share-stock-offering?page=1#ixzz4vBwQu6rs
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Post by peppy on Oct 11, 2017 6:46:25 GMT -5
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Post by peppy on Oct 11, 2017 7:49:27 GMT -5
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Post by MnkdWASmyRtrmntPlan on Oct 11, 2017 7:56:55 GMT -5
Wow! It looks like it started trading at 6.22 and is now at 6.30, so at least it's headed up. I wasn't sure how that stock offering news would affect SP.
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Post by peppy on Oct 11, 2017 8:24:02 GMT -5
when we think about it, it should effect the sp positively. revenue extension, on the way to becoming revenue self supporting.
The last line on the bottom right says it all. www.screencast.com/t/2WILVl4NfE
'Well the last line, "Time for effect to return to baseline," - it's in hours for Fiasp and in minutes for Afrezza, do they think we're all imbeciles?'
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Post by promann on Oct 11, 2017 8:29:46 GMT -5
Whats different then yesterday? today we have cash!
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Post by n8 on Oct 11, 2017 8:31:44 GMT -5
when we think about it, it should effect the sp positively. revenue extension, on the way to becoming revenue self supporting. From what I was seeing, financing was the last thing the shorts were holding on to as a reason to keep holding mannkind back...
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Post by straightly on Oct 11, 2017 8:38:15 GMT -5
when we think about it, it should effect the sp positively. revenue extension, on the way to becoming revenue self supporting. From what I was seeing, financing was the last thing the shorts were holding on to as a reason to keep holding mannkind back... For these loaned your shares, you now know will get all your money back as interests for sure, unless shorts cover and return your shares 😋
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Post by derek2 on Oct 11, 2017 8:39:06 GMT -5
alright. Added 2019 ITM calls. Time to ride it out. I now have the upside exposure that I want, and I've taken profit and ordered a withdrawal to fund a couple of splurges that we've been putting off.
No matter what happens now, I see this as a good news story, for the company, for diabetics and for me.
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Post by peppy on Oct 11, 2017 8:52:32 GMT -5
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Post by cjc04 on Oct 11, 2017 10:26:40 GMT -5
I've taken 80% of my options gains off the table,,,,
IMO,,,, we're testing $5.20.... hopefully it will be fast, violent, and with volume, and then up from there. I'll be loading back up...
For the record,,, I'm trading only options just trying to get ahead in their game.... I will NEVER sell a single one of my 10,500 shares!!!!
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Post by compound26 on Oct 11, 2017 10:28:58 GMT -5
I have been looking for Matt. Where could Matt have been from? His ability to recount the exact mechanics of debt agreements and bankruptcies, complete with anticipated filing dates. Where could Matt have been from? He is gone. I saw him once at the label change, and then vamoose, moose. Interesting gig.
Any change at spencer seeking alpha only looking at balance sheet, not efficacy of the product spencer?
13,863,422/100,000,000 traded today so far. 2 1/2 hours of trade. 5.26 plus 30 cents. plus 6% Do not worry. Proboard Matt will come back when we are in a down day. peppy Here comes a down day and our dear Proboard Matt is back.
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Post by peppy on Oct 11, 2017 10:34:48 GMT -5
Matt is positive. (Welcome to the light) Coming in handy. I think an offering at $6 without any warrant coverage is nothing to sneeze at given that the stock was $1 and change a few weeks ago. This gives the company some much needed breathing room and removes the risk of near term insolvency regardless of what Deerfield and Amphastar decide, and that can only be characterized as a big win all around. The investors likely shorted the stock yesterday, as is common practice with any PIPE transaction, but they will cover when the new shares are delivered on the 13th so that is not going to create incremental downward pressure on the price.
Now Mike and friends need to show that they can turn the label change into better insurance reimbursement and script growth soon enough to move the needle on Q4 results because cash will be running a bit thin again by the time the 10-K is published. If Q4 and Q1 are strong, it will make the next raise that much easier.
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Post by peppy on Oct 11, 2017 10:38:33 GMT -5
there goes yesterdays gap, it was a good effort.
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Post by joeypotsandpans on Oct 11, 2017 10:43:42 GMT -5
Whether it is minute, hourly, daily, weekly, monthly all you need to see is the large green volume bars followed by the smaller red ones, as mentioned earlier about OBV (on balance volume) price action follows the volume...screen out noise and it's easy to see on the rests and pullbacks they are on shallow volume, the stronger buying comes back and overwhelms it. Still in accumulation mode, if you remember this is reverse of when it was in distribution mode and it was huge red volume minutes, hours, etc. with small up volume. Supply/demand, and btw largest DTC still had no shares available and very high rates offered today. I rolled my last Feb'18 options up and out to Jan'19 yesterday and pocketed the difference without any loss of holdings. Nice when you're on house money with a gem.....hmmm I might go back to sleep and wake up in 12-15 mos. Just broke yesterday's low @ $5.72... gap from Monday's high sits from $5.47. Anyone that missed the run I would look at those two price points, now that we broke the $5.72 low from yesterday I would wait and set up my buy order at $5.47, that is the magnet price at this point, if not today then most likely in the next day or two IMO. Regarding the direct sale, as mentioned early yesterday my source nailed it when he told me with the Wainwright initiating coverage and their history to expect the announcement of the offering: Read more: mnkd.proboards.com/user/275/recent#ixzz4vBRKKkpNWe now have a "put" in place with the sale at the $6 level, so will most likely consolidate from the breakout with new range from 5-7 until next binary event.
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