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Post by dreamboatcruise on Oct 18, 2017 15:41:18 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. It appears that the short interest of TSLA is roughly the same % float as MNKD. So doesn't seem that what Elon has done made much of a difference in the short interest. Perhaps the difference is that they are many more longs (including big boys) that believe in TSLA vs MNKD. Best way for MNKD to counter shorts is to take one thing from TSLA playbook... demonstrate a high demand for the product. Indeed we do have people waiting to get Afrezza just like they wait to get Tesla's, but unfortunately the devil is in the details of why they are waiting.
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Post by dreamboatcruise on Oct 18, 2017 15:43:20 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?An amazingly well executed funding event beyond my wildest expectations a couple of months ago.
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Post by babaoriley on Oct 18, 2017 15:44:44 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? It's pretty clear that the stock was manipulated up and down. Usually, manipulation claims are nothing more than sour grapes ("I couldn't possibly have been wrong about this stock"), but with MNKD, well, we're the absolute clear choice for the poster child of manipulation. Someone posted in a fit of euphoria a week or so ago, "why didn't they wait till $10" referring to the $6 offering price. I'm sure many thought similarly - well, sometimes you get your answer back very quickly.
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Post by tbone on Oct 18, 2017 15:53:02 GMT -5
31% loss in 3 business days for those that participated in the follow-on offering. I wonder where that ranks. Sorry I sound like a basher. I'm just scratching my head at the last 2 weeks trying to figure out what I'm missing.
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Post by seanismorris on Oct 18, 2017 16:05:46 GMT -5
We are a lot better off then we were two weeks ago. The question is how much better?
I figure $5-$6 but we still need better scripts numbers. It looks like last weeks numbers were not enough to keep the positive momentum going.
We’ve ridden the positive news up, now we’re back to the fundamentals, which is scripts.
It’s probably December at the earliest if we find out if the improved Label resonates with doctors.
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Post by roseylv on Oct 18, 2017 16:09:34 GMT -5
It's evident that the manipulation door perhaps swings both ways, right? For once we perhaps played the same game and utilized the higher share price to our advantage. Now is that unethical, perhaps to some degree, but... So is all the naked shorting and FTD on a constant basis.
I don't want to point fingers or insinuate any foul play. What i will say is that i'm bullish on the fact that we have a few bucks in the bank and perhaps the script dam will finally break once a few big payers get on board.
Onward!
p.s. There has been a lot of "perhaps" as of late LOL
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Post by kite on Oct 18, 2017 16:10:32 GMT -5
Our CEO should do this too
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Post by matt on Oct 18, 2017 16:14:12 GMT -5
We watched the stock price triple in a week in order to place 10 million shares at $6. There were some positive events announced a few weeks ago, but they were not sufficiently positive to justify triple the price without confirmation that the changes will translate to a better income statement going forward. I have to think that the stock will move backwards for a while as the market waits to see the income statement metrics improve in a measurable and consistent way. In the meantime, the price move put some much needed cash on the balance sheet which will give management the time to produce better numbers. True price appreciation always follows improvement in fundamentals, not the other way around. The recent price pop was anticipatory, but if the fundamentals move north the improved price will come back. If not, it go the other way. Give it some time.
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Post by dreamboatcruise on Oct 18, 2017 16:20:02 GMT -5
Our CEO should do this too Do you really think Mike tweeting comments like that would make even the slightest difference in sentiment about the stock? Mike needs to stick to the knitting of creating facts on the ground that will speak far more loudly than a CEO making an assertion that his stock is undervalued and unfairly attacked by shorts. If one is losing the battle, it may even be counterproductive to tweet about attacks, making one appear to be a helpless victim. Elon has two things MNKD doesn't... a huge platform because of his celebrity status and a product with huge consumer awareness and demand. Likely the price of TSLA is based on the latter much more than the former.
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Post by madog365 on Oct 18, 2017 16:30:48 GMT -5
Our CEO should do this too Do you really think Mike tweeting comments like that would make even the slightest difference in sentiment about the stock? Mike needs to stick to the knitting of creating facts on the ground that will speak far more loudly than a CEO making an assertion that his stock is undervalued and unfairly attacked by shorts. If one is losing the battle, it may even be counterproductive, making one appear to be a helpless victim. Elon has two things MNKD doesn't... a huge platform because of his celebrity status and a product with huge consumer awareness and demand. Likely the price of TSLA is based on the latter much more than the former. I do think it makes a difference, it shows confidence and the market likes a confident CEO. See Tesla stock performance. You can argue that they have more product demand but their valuation is VERY high compared to the amount of cars they are actually selling.
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Post by dreamboatcruise on Oct 18, 2017 16:47:14 GMT -5
Do you really think Mike tweeting comments like that would make even the slightest difference in sentiment about the stock? Mike needs to stick to the knitting of creating facts on the ground that will speak far more loudly than a CEO making an assertion that his stock is undervalued and unfairly attacked by shorts. If one is losing the battle, it may even be counterproductive, making one appear to be a helpless victim. Elon has two things MNKD doesn't... a huge platform because of his celebrity status and a product with huge consumer awareness and demand. Likely the price of TSLA is based on the latter much more than the former. I do think it makes a difference, it shows confidence and the market likes a confident CEO. See Tesla stock performance. You can argue that they have more product demand but their valuation is VERY high compared to the amount of cars they are actually selling. Kent Kresa plunking down $1M shows confidence... tweeting that you don't think shorts are being fair, hmmm, not sure as an investor I'd put much stock in it meaning much. But I guess I'm not the one you need to convince. You can always message Mike and tell him he needs to chastise shorts.
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Post by wgreystone on Oct 18, 2017 17:11:21 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. He is busy negotiating deals. Don't expect him to say anything at this moment.
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Post by mnkdfann on Oct 18, 2017 17:12:33 GMT -5
31% loss in 3 business days for those that participated in the follow-on offering. I wonder where that ranks. Sorry I sound like a basher. I'm just scratching my head at the last 2 weeks trying to figure out what I'm missing. I honestly believe the people who participated in the offering at $6 knew enough to have sold in advance nearer to $7. Yes, IMO, that includes the Kresa Foundation. They knew, as did we all, that Maxim and Locust Walk (?) and H.C. Wainwright & Co and the penny stock newsletters etc. were doing their best to drive the price up. They'd been working on this since the late spring / summer, whenever Locust was hired, and Maxim started showing up on the conference calls, etc. I'll admit, I don't understand HOW those players do it, exactly, but IMO clearly they did.
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Post by dreamboatcruise on Oct 18, 2017 17:17:12 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...) Patients would help more
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Post by dreamboatcruise on Oct 18, 2017 17:20:22 GMT -5
31% loss in 3 business days for those that participated in the follow-on offering. I wonder where that ranks. Sorry I sound like a basher. I'm just scratching my head at the last 2 weeks trying to figure out what I'm missing. I honestly believe the people who participated in the offering at $6 knew enough to have sold in advance nearer to $7. Yes, IMO, that includes the Kresa Foundation. They knew, as did we all, that Maxim and Locust Walk (?) and H.C. Wainwright & Co and the penny stock newsletters etc. were doing their best to drive the price up. They'd been working on this since the late spring / summer, whenever Locust was hired, and Maxim started showing up on the conference calls, etc. I'll admit, I don't understand HOW those players do it, exactly, but IMO clearly they did. I don't believe Kresa would have done that. It would look very bad, and possibly run afoul of insider trading rules. I suspect some of the other investors may well have sold short.
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