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Post by pantaloons on Nov 25, 2017 14:24:32 GMT -5
Mike C claims that the 140M shares would be employed in a 3-5 year timespan. How does one come to such a projection? That sort of long term guidance is rather specific and is highly dependent on how the share price fluctuates during that time, amongst many other variables. For me, him providing the "3-5 year" frame was a "yellow flag". Anyone else know why and/or how he'd make such a prediction?
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Post by xanet on Nov 25, 2017 14:31:50 GMT -5
Mike C claims that the 140M shares would be employed in a 3-5 year timespan. How does one come to such a projection? That sort of long term guidance is rather specific and is highly dependent on how the share price fluctuates during that time, amongst many other variables. For me, him providing the "3-5 year" frame was a "yellow flag". Anyone else know why and/or how he'd make such a prediction? Wasn't his point that we can't see the future and want to be ready for whatever comes when it comes? He doesn't want to be in a position where he has to return to shareholders to approve new shares every time something comes up. That wouldn't be good for share price either, and would leave him in a position of weakness in regard to negotiating as opportunities come along, and powerless against a hostile takeover.
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Post by mytakeonit on Nov 25, 2017 14:41:16 GMT -5
The board said that almost all shares have been voted ... we are still waiting for someone to vote their 2 shares. Hmmm ... who could that be?
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Post by nylefty on Nov 25, 2017 14:50:00 GMT -5
Mike C claims that the 140M shares would be employed in a 3-5 year timespan. How does one come to such a projection? That sort of long term guidance is rather specific and is highly dependent on how the share price fluctuates during that time, amongst many other variables. For me, him providing the "3-5 year" frame was a "yellow flag". Anyone else know why and/or how he'd make such a prediction? Rather specific? I don't think so. Seems to me he was just shooting down the mistaken notion that all 140M shares would be issued right away, and that based on his experience in the biotech sphere he thinks that the shares would be issued over the next several years. Would "several" have been more acceptable to you than "3 to 5?"
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Post by Deleted on Nov 25, 2017 17:15:17 GMT -5
pantaloons the only way MannKind would be able to sell share over an extended number of years is if a partnership is established near-term that brings in a substantial cash infusion.
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Post by cedafuntennis on Nov 25, 2017 17:55:06 GMT -5
Imagine if we had a remotely capable management. Instead we had one moron after another who took this company to the brink. Thank God for Michael Castagna now, else this company would have been toast.
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Post by babaoriley on Nov 25, 2017 18:12:56 GMT -5
Imagine if we had a remotely capable management. Instead we had one moron after another who took this company to the brink. Thank God for Michael Castagna now, else this company would have been toast. Initially, consider past management included Al Mann himself, and I doubt our current Pharmacist CEO could have come up with Afrezza. Further, a bit harsh, on two counts, first, the obvious that it's a totally jerky statement to make, and, second, the fact that Mike has not quite brought this one home yet, it seems to us it's in the right direction, but a lot of things have "seemed to us" in the past. In fact, did you hear Mike wants to raise the number of authorized shares by 140 million? Sounds risky to me, you know, like hurricane, flood or earthquake preparedness, those things never end up being needed. OMG, what if he decided then to sell them all for, IDK, seventy five cents a piece - and before Christmas!! OMG, OMG, don't let that happen - putting those shares in Mike's hands is like, is like..... well it's like putting the US's nuclear codes in the hands of, of, IDK, a master apprentice! What have I been thinking??? (or drinking, you might ask)
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Post by sportsrancho on Nov 25, 2017 18:33:03 GMT -5
OMG
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Post by dreamboatcruise on Nov 25, 2017 19:36:59 GMT -5
Mike C claims that the 140M shares would be employed in a 3-5 year timespan. How does one come to such a projection? That sort of long term guidance is rather specific and is highly dependent on how the share price fluctuates during that time, amongst many other variables. For me, him providing the "3-5 year" frame was a "yellow flag". Anyone else know why and/or how he'd make such a prediction? Wasn't his point that we can't see the future and want to be ready for whatever comes when it comes? He doesn't want to be in a position where he has to return to shareholders to approve new shares every time something comes up. That wouldn't be good for share price either, and would leave him in a position of weakness in regard to negotiating as opportunities come along, and powerless against a hostile takeover. I would respectfully disagree. I think authorizing no more than 50M now and waiting for the price to appreciate to much higher values before seeking more authorized would have less negative effect on stock value. Of course that assumes MNKD makes substantial progress in the coming year. If they don't, the share price is doomed any which way.
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Post by dreamboatcruise on Nov 25, 2017 19:46:50 GMT -5
Mike C claims that the 140M shares would be employed in a 3-5 year timespan. How does one come to such a projection? That sort of long term guidance is rather specific and is highly dependent on how the share price fluctuates during that time, amongst many other variables. For me, him providing the "3-5 year" frame was a "yellow flag". Anyone else know why and/or how he'd make such a prediction? That comment, which was likely off the cuff, isn't what is the yellow flag for me. For me, regardless of how the CEO might spin it, the yellow flag is simply the quantity up for authorization. Any CEO would say the full amount isn't needed immediately, but they don't pick numbers at random, so it seems management considers it possible that they would need to dilute by 50% (or 100% depending on how you want to look at it).
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Post by bthomas55ep on Nov 26, 2017 20:36:00 GMT -5
Mike C claims that the 140M shares would be employed in a 3-5 year timespan. How does one come to such a projection? That sort of long term guidance is rather specific and is highly dependent on how the share price fluctuates during that time, amongst many other variables. For me, him providing the "3-5 year" frame was a "yellow flag". Anyone else know why and/or how he'd make such a prediction? That comment, which was likely off the cuff, isn't what is the yellow flag for me. For me, regardless of how the CEO might spin it, the yellow flag is simply the quantity up for authorization. Any CEO would say the full amount isn't needed immediately, but they don't pick numbers at random, so it seems management considers it possible that they would need to dilute by 50% (or 100% depending on how you want to look at it). For whatever reason, this time I am solidly in favor of granting these shares. Learning my lesson more than once on debt becoming the deathnail of a pre-profit biotech, I think the company needs to have every debt avoidance option available until profitability. For me, I'm continuing to invest because I believe in the eventual multi-billion valuation. As long as I believe in that potential, having more shares minimizes the nearer term potential of Bankruptcy. If I couldn't give them 140 Million shares to work with, I would have also decided I could no longer invest. Pre RS, the company had over 400 Million outstanding. This tool gives MC the ability to take the share count up to 280 Million. I, for one, would like to see how he uses these and then evaluate how things turn out. At today's share price, these new shares could represent more than $400 Million in new funding without taking on debt. It very well may take all of that to see Al's dream become a reality. IMO.
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Post by hellodolly on Nov 27, 2017 6:32:17 GMT -5
Looks like we keep trending down in share price. I'm looking to add to my portfolio and would appreciate some feedback on where support is and what price might be good to add. Thanks so much. Yes, but the scripts are trending up as new higher lows are setting into the script trends so, sooner or later, the SP will also follow.
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Post by jonny80s on Nov 27, 2017 9:52:41 GMT -5
I don't know why this is being debated, everyone knew this was coming when the r/s was announced. How else would you expect them to finance the commercialization effort with no partnership options???
No one will partner with Mannkind until they become profitable and start eating into other pharmas' profits.
Why would anyone partner with a struggling biotech? They won't, they are hoping for failure and the option to pick clean anything of value from the carcass.
I believe Mannkind will succeed, but it is going to be a long and painful journey.
By the way..... what happened to the ex rap mogul???
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Post by slugworth008 on Nov 27, 2017 10:28:08 GMT -5
I don't know why this is being debated, everyone knew this was coming when the r/s was announced. How else would you expect them to finance the commercialization effort with no partnership options??? No one will partner with Mannkind until they become profitable and start eating into other pharmas' profits. Why would anyone partner with a struggling biotech? They won't, they are hoping for failure and the option to pick clean anything of value from the carcass. I believe Mannkind will succeed, but it is going to be a long and painful journey. By the way..... what happened to the ex rap mogul??? Correction - It has been, and continues to be, a painful journey that will last even longer. With this exception - Now I believe that the light at the end of the tunnel is no longer an oncoming train.
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Post by madog365 on Nov 27, 2017 11:04:13 GMT -5
It possible with the Mann Group selling out over 13M shares (http://investors.mannkindcorp.com/ownership-profile.cfm) they may have given shorts even more opportunity to bring the SP down. That could explain the sharp drop from the $6 range.
Mann group may be continuing to sell out just as they did with $EYES - we won't know until they have to file again.
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