|
Post by madog365 on Nov 7, 2017 16:32:07 GMT -5
MY guess is there is a strategic partner ready to BUY-IN. Need the shares.
|
|
|
Post by dreamboatcruise on Nov 7, 2017 16:36:26 GMT -5
MY guess is there is a strategic partner ready to BUY-IN. Need the shares. Some peoples' default assumption seems to be that we've had a strategic partner ready to buy in for the past year and a half... and no one can find a pen to sign the darn papers.
|
|
|
Post by celo on Nov 7, 2017 16:36:59 GMT -5
Why would you need more authorized shares for a partnership?
|
|
|
Post by wmdhunt on Nov 7, 2017 16:40:57 GMT -5
Me thinks your worldview is a bit limited...
|
|
|
Post by seanismorris on Nov 7, 2017 16:41:26 GMT -5
MY guess is there is a strategic partner ready to BUY-IN. Need the shares. There are a limited number of ways the additional shares are good news. I guess we might as well hope for the best but expect the worst. This could as be one of those cases where a company used an all stock offering to buy something the need. I just can’t think of anything...
|
|
|
Post by madog365 on Nov 7, 2017 16:44:00 GMT -5
MY guess is there is a strategic partner ready to BUY-IN. Need the shares. There are a limited number of ways the additional shares are good news. I guess we might as well hope for the best but expect the worst. This could as be one of those cases where a company used an all stock offering to buy something the need. I just can’t think of anything... Lucky for you, you don't need to think of anything because Mike will tell you in about 15 minutes what the authorized shares will be used for.
|
|
|
Post by celo on Nov 7, 2017 16:45:03 GMT -5
The stock races up to 7 and a buy in at 6 buy some unknown investor. Then they increase shares available by double after 1 month? Thats being pretty mean to the 6 dollar investor, unless...
|
|
|
Post by silentknight on Nov 7, 2017 16:45:46 GMT -5
MY guess is there is a strategic partner ready to BUY-IN. Need the shares. There are a limited number of ways the additional shares are good news. I guess we might as well hope for the best but expect the worst. This could as be one of those cases where a company used an all stock offering to buy something the need. I just can’t think of anything... The only reasons I can think of to need more authorized shares is to carry out an acquisition using stock to purchase the target company or dilution. Let’s be honest, MNKD isn’t acquiring anyone, at least they shouldn’t be. A 100% increase in shares seems excessive to me and does not bode well for the future prospects in securing non-dilutive financing.
|
|
|
Post by kbrion77 on Nov 7, 2017 16:53:13 GMT -5
If "recapitalizing" the company just means dilutive financing than that is a huge failure on their part. I know Mike has to play the role of CEO and keep perception positive but they have been preaching that they have a number of options for capital yet it appears that dilution is the only thing that is reality. They burned the Israeli funds with that debacle and now those $6 holders (which we all know are hedging that position) can't be all that happy as well.
|
|
|
Post by awesomo on Nov 7, 2017 16:55:27 GMT -5
Just to be clear, authorizing shares doesn't mean they will be using them (can also use a portion). Either way, it's not a great for optics right now.
|
|
|
Post by alethea on Nov 7, 2017 16:59:11 GMT -5
A blind man has been able to see MNKD will need more funds. It's obvious. The 57 million raise only extends 6 months or so. Afrezza sales won't be cash flow positive in just six months.
The newly authorized shares are good news. Nate Pile and I'm sure this Michael Kovacky (sp?) think this is a very positive development.
This has been expected. It is good.
|
|
|
Post by mnkdfann on Nov 7, 2017 16:59:53 GMT -5
The stock races up to 7 and a buy in at 6 buy some unknown investor. Then they increase shares available by double after 1 month? Thats being pretty mean to the 6 dollar investor, unless... Unless nothing. It just is.
|
|
|
Post by dreamboatcruise on Nov 7, 2017 17:05:09 GMT -5
The stock races up to 7 and a buy in at 6 buy some unknown investor. Then they increase shares available by double after 1 month? Thats being pretty mean to the 6 dollar investor, unless... The 6 dollar investor(s) likely shorted when it was above $6 and pocketed a nice profit over a very short time period.
|
|
|
Post by dreamboatcruise on Nov 7, 2017 17:06:34 GMT -5
A blind man has been able to see MNKD will need more funds. It's obvious. The 57 million raise only extends 6 months or so. Afrezza sales won't be cash flow positive in just six months. The newly authorized shares are good news. Nate Pile and I'm sure this Michael Kovacky (sp?) think this is a very positive development. This has been expected. It is good. That's seeing any a few drops in the glass and calling it full. It had better be some amazing Scotch.
|
|
|
Post by #NoMoreNeedles on Nov 7, 2017 17:06:49 GMT -5
Mike needs more cash for TV ads and Super Bowl primetime slot!
|
|