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Post by xanet on Nov 22, 2017 14:40:18 GMT -5
for a partner to gain ‘control’ they would only have to issue about 30M shares? I would expect that to be at a share price >$6? And if they truly were getting >$6 per share, it seems they wouldn't need nearly 140M authorized shares. I'd much prefer the context before approving the shares. Do they have some great plans that require $840M... or are they anticipating diluting at valuations much less than $6. Is it for access to a sales force... how much is that worth relative to the worth of Afrezza and the pipeline? DBC, I would have been with you on this 2 years ago. Now I'm on the other side, in a bio-tech start up that is always trying to raise money. And I have to say that everything has taken way longer and cost way more than any of us anticipated. But with time and money, the work does get done. So I'm willing to give them some space and let them focus on getting the work done. Dilution is pretty much a necessary evil, and it won't hurt the company as much as a NO vote, IMO. I'm not looking to argue, just throwing in my few cents (all I got left after this investment, lol).
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Post by oldfishtowner on Nov 22, 2017 16:22:02 GMT -5
I'm voting yes. Not only has Castagna been doing the right things IMO, but the 140 million shares makes a lot of sense. The stock may be down temporarily, but after the next equity offering the stock will bounce back, maybe sooner. After that management will not have to telegraph their moves in advance, which will be an advantage.
If you read the interview, he he was invested in MNKD but sold his shares just after the company partnered with Sanofi. And now he got back in at the low and didn't even have to pay for his shares or options. I dare say that he's done better than most of us. So, I for one will not second guess him until it is obvious he's going in the wrong direction.
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Post by babaoriley on Nov 22, 2017 18:26:34 GMT -5
Sounds to me like DBC is softening his stance. Did he post he would have liked 200 million more shares authorized? Can't recall for sure, but I'm sure he's coming around.
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Post by dreamboatcruise on Nov 22, 2017 21:06:01 GMT -5
I'm voting yes. Not only has Castagna been doing the right things IMO, but the 140 million shares makes a lot of sense. The stock may be down temporarily, but after the next equity offering the stock will bounce back, maybe sooner. After that management will not have to telegraph their moves in advance, which will be an advantage. If you read the interview, he he was invested in MNKD but sold his shares just after the company partnered with Sanofi. And now he got back in at the low and didn't even have to pay for his shares or options. I dare say that he's done better than most of us. So, I for one will not second guess him until it is obvious he's going in the wrong direction. If they do end up issuing all 140M new shares, I would be willing to bet he'd get some more free shares so he wouldn't suffer the same dilution you and I do. So I dare agree with you that probably under any circumstance he'll do better than most of us. babaoriley... who knows, with enough wine and turkey I might become more trusting. They just need to get me to submit my proxy before the T Day food coma wears off and I come back to my senses.
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Post by mytakeonit on Nov 23, 2017 3:37:17 GMT -5
Okay ... done deal ... I just voted my shares.
What? How the heck does someone in Hawaii get to vote first?!!!
Guess ... I am special!
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Post by sexychefski on Nov 23, 2017 5:17:55 GMT -5
I just finished voting too. #team-mike
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Post by InvesterSam on Nov 23, 2017 9:10:39 GMT -5
I voted for as I voted in this thread. Happy Thanksgiving everybody!
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Post by rayskum on Nov 23, 2017 10:37:45 GMT -5
Did you all get some material in mail to vote? Or is it an online link?
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Post by rmtucker on Nov 23, 2017 10:42:34 GMT -5
Yes is how I voted they need the money to promote the product! It's now or never, make or break. I've got an 80K position and all for it
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Post by sportsrancho on Nov 23, 2017 10:55:06 GMT -5
Just got a e-mail and voted yes in both accounts over the phone. ....You can feel a turn around before you see it on paper:-)) And mark my words...what happened for Joey is happening for many!
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Post by InvesterSam on Nov 23, 2017 11:30:03 GMT -5
Did you all get some material in mail to vote? Or is it an online link? Got an email with instructions and voted online. Simple.
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Post by buyitonsale on Nov 23, 2017 12:39:52 GMT -5
For and For
Go MNKD!
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Post by madog365 on Nov 23, 2017 12:40:19 GMT -5
I just voted FOR - Happy Thanksgiving All!
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Post by myocat on Nov 23, 2017 19:04:51 GMT -5
All "NOs".
Happy Turkey Day.
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Post by centralcoastinvestor on Nov 23, 2017 19:51:06 GMT -5
Just voted yes on both. Happy Thanks Giving everyone!
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