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Post by tmann on Oct 18, 2017 14:09:40 GMT -5
Nice one, shill.
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Post by qwertqwert on Oct 18, 2017 14:31:02 GMT -5
Exactly the same action/timing as yesterday. We in algorithmic spiral.
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Post by silentknight on Oct 18, 2017 14:35:33 GMT -5
I'm sure many of you watched the series "24" - and if you did, I'm sure you were in on the running joke about setting a perimeter around a location where the bad guy or guys are hold up. And, naturally, the bad folk would always sneak out. Well, about three weeks ago we set a perimeter around the shorts.... Interesting thought. We know that 61 Million in share were sold for $6.00
Something will eventually catch the shorty's with their pant's down....Even Harvey W. Got caught.
If they sold that many shares then we are probably going to fall a lot further. Wasn’t the share count something around 100 million or so? Selling 61million share would be a roughly 60% dilution which would likely mean a 60% decrease in share price if the market values MNKD the same way. I intentionally haven’t followed the stock for a while and don’t know the specifics of recent developments. But if we diluted to that magnitude I think we are heading into the 2’s. As I’ve always said, I don’t think we see a true sustained increase in share price until MNKD sells their drug better than they’ve done thus far.
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Post by factspls88 on Oct 18, 2017 14:38:33 GMT -5
Well today s**ked.
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Post by dreamboatcruise on Oct 18, 2017 14:41:11 GMT -5
Interesting thought. We know that 61 Million in share were sold for $6.00
Something will eventually catch the shorty's with their pant's down....Even Harvey W. Got caught.
If they sold that many shares then we are probably going to fall a lot further. Wasn’t the share count something around 100 million or so? Selling 61million share would be a roughly 60% dilution which would likely mean a 60% decrease in share price if the market values MNKD the same way. I intentionally haven’t followed the stock for a while and don’t know the specifics of recent developments. But if we diluted to that magnitude I think we are heading into the 2’s. As I’ve always said, I don’t think we see a true sustained increase in share price until MNKD sells their drug better than they’ve done thus far. 10,166,600 shares for total value of $61M. Did you really think they just raised $366M?
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Post by cjm18 on Oct 18, 2017 15:18:18 GMT -5
Volume hasn't been low the past two days either.
I guess the run up was from shorts getting fried and not long term investors.
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Post by MnkdWASmyRtrmntPlan on Oct 18, 2017 15:20:12 GMT -5
If they sold that many shares then we are probably going to fall a lot further. Wasn’t the share count something around 100 million or so? Selling 61million share would be a roughly 60% dilution which would likely mean a 60% decrease in share price if the market values MNKD the same way. I intentionally haven’t followed the stock for a while and don’t know the specifics of recent developments. But if we diluted to that magnitude I think we are heading into the 2’s. As I’ve always said, I don’t think we see a true sustained increase in share price until MNKD sells their drug better than they’ve done thus far. 10,166,600 shares for total value of $61M. Did you really think they just raised $366M? That would really dilute up-front, but wow, it would sure solve their financial problems. At a burn-rate of $7 Mil/month, that would fund them over 4 years.
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Post by tbone on Oct 18, 2017 15:27:32 GMT -5
We know that 61 Million in share were sold for $6.00 [/p]
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[/quote] I still can't reconcile how they convinced accredited investors to buy 10 million shares at $6, 200% higher than a week earlier. The company has a perfect track record of flushing $1.75 MM PER WEEK down the toilet, not counting payments coming due on $160MM in debt. How did they do it? And without any other perks attached such as warrants, etc. It makes zero sense to me. Something doesn't add up.
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Post by madog365 on Oct 18, 2017 15:29:19 GMT -5
I am most interested if CEO Castagna responds to this short manipulation in any way. We know that past CEO's remained quiet and simply took it. Hoping he takes some notes from Elon Musk's playbook.
The shorts always thrive in the quiet period leading up to earnings calls, especially in MNKD land. Hoping the CEO can figure out some way to stop the slide.
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Post by MnkdWASmyRtrmntPlan on Oct 18, 2017 15:32:44 GMT -5
Right after the price jump, Nate said that it could just as easily drop down to 3 as it could up to 8, but he still considers it a buy up to $10.
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Post by silentknight on Oct 18, 2017 15:32:44 GMT -5
If they sold that many shares then we are probably going to fall a lot further. Wasn’t the share count something around 100 million or so? Selling 61million share would be a roughly 60% dilution which would likely mean a 60% decrease in share price if the market values MNKD the same way. I intentionally haven’t followed the stock for a while and don’t know the specifics of recent developments. But if we diluted to that magnitude I think we are heading into the 2’s. As I’ve always said, I don’t think we see a true sustained increase in share price until MNKD sells their drug better than they’ve done thus far. 10,166,600 shares for total value of $61M. Did you really think they just raised $366M? Like I said, I don’t know what they raised because I haven’t followed the stock for a while. I also don’t know the specifics of the label change and honestly, I’ve found that my life is much less stressful without worrying about the day to day share price, company developments, or articles promoting either the bull or bear agenda. If they diluted to the tune of 10%, then we are technically oversold.
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Post by kite on Oct 18, 2017 15:33:01 GMT -5
I am most interested if CEO Castagna responds to this short manipulation in any way. We know that past CEO's remained quiet and simply took it. Hoping he takes some notes from Elon Musk's playbook. Do you have a reference to when Elon Musk did this? It would be great if our CEO stood up and did this as well
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Post by madog365 on Oct 18, 2017 15:35:36 GMT -5
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Post by tbone on Oct 18, 2017 15:36:58 GMT -5
I am most interested if CEO Castagna responds to this short manipulation in any way. We know that past CEO's remained quiet and simply took it. Hoping he takes some notes from Elon Musk's playbook. Hard to listen to the sell offs always being attributed to manipulation. We watched the stock price triple in a week in order to place 10 million shares at $6. Touted as a buy with $750M in projected peak sales and given a $12/share target by the UW offering. What's that called?
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Post by BD on Oct 18, 2017 15:37:43 GMT -5
I sold 80% of my holding already (average down too) , thanks for the rapid rise, so I can recover alot of my money already pewffff .. Yup, you win some and you lose some. Patience helps (says someone who is notoriously "short" of it...)
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