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Post by dreamboatcruise on Jan 9, 2018 20:57:53 GMT -5
dreamboatcruise "I wouldn't count out possibility that MNKD will offer to convert at a discount to wherever the price is then trading even if in low $2s range. Nothing prevents them from doing that." I am hoping MannKind has some kind of positive news before handing over approximately 5 million shares to settle the note. Either way we should be reading about it by Friday. If we do get good news I think the most likely would be some new "punt" agreement with Deerfield buying more time, though nothing from them doesn't come with a price... I would expect at least some of the debt paid in cash or discounted shares, with Deerfield ending up with an aggregate amount of more than the $10M due in recognition of their kind patience
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Post by Deleted on Jan 16, 2018 20:46:48 GMT -5
This is where it appears MannKind stands:
MannKind owes $2.5 million per quarter to Amphastar; 3 million per quarter interest; 5 million in May for principal, 15 million in July for principal .
With the $10 million paid in cash to Deerfield, that leaves MannKind with approximately $36 million in cash and requires $25 million in cash at the end of each quarter. With an $8 million monthly cash burn, without a partnership with upfront $, dilution will occur before Q2.
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Post by akemp3000 on Jan 16, 2018 21:35:40 GMT -5
This is where it appears MannKind stands: MannKind owes $2.5 million per quarter to Amphastar; 3 million per quarter interest; 5 million in May for principal, 15 million in July for principal . With the $10 million paid in cash to Deerfield, that leaves MannKind with approximately $36 million in cash and requires $25 million in cash at the end of each quarter. With an $8 million monthly cash burn, without a partnership with upfront $, dilution will occur before Q2. No worries. Mike's got this...without significant dilution! It seems some forget dilution hurts him as well.
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Post by peppy on Jan 16, 2018 21:45:20 GMT -5
This is where it appears MannKind stands: MannKind owes $2.5 million per quarter to Amphastar; 3 million per quarter interest; 5 million in May for principal, 15 million in July for principal . With the $10 million paid in cash to Deerfield, that leaves MannKind with approximately $36 million in cash and requires $25 million in cash at the end of each quarter. With an $8 million monthly cash burn, without a partnership with upfront $, dilution will occur before Q2. good work, thank you
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Post by dreamboatcruise on Jan 17, 2018 3:41:36 GMT -5
This is where it appears MannKind stands: MannKind owes $2.5 million per quarter to Amphastar; 3 million per quarter interest; 5 million in May for principal, 15 million in July for principal . With the $10 million paid in cash to Deerfield, that leaves MannKind with approximately $36 million in cash and requires $25 million in cash at the end of each quarter. With an $8 million monthly cash burn, without a partnership with upfront $, dilution will occur before Q2. No worries. Mike's got this...without significant dilution! It seems some forget dilution hurts him as well. What's your threshold before you'd consider the dilution significant? 5% 10% 50%? While in theory dilution hurts execs, in reality they are usually given more options on an ongoing basis that partially or wholly offsets the dilution.
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Post by Deleted on Jan 17, 2018 18:21:47 GMT -5
From a post by Osborne.
Some clarity with regard to the $10 million payment to Deerfield.
1. If the company pays in cash, there is no need to file an 8K. This is because such a payment was already contemplated and disclosed to investors.
2. If the company pay's in shares at a rate of $3.25 or higher there is no need for an 8K because this was already a contemplated method of payment that was disclosed to shareholders.
3. If the company renegotiated the number of shares that it would take to satisfy the debt, we would likely need to see an 8K filed. This is because such an event has not been previously disclosed to shareholders.
4. If an 8K is needed, it typically must be filed within 4 business days of the event. That would be by Friday evening, January 19th.
5. If Friday passes and we see no 8k, it is a safe assumption that the company paid with cash from the escrow. This could mean that a capital raise will transpire in the very near term to continue operations at full speed.
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Post by cjm18 on Jan 17, 2018 20:21:13 GMT -5
From a post by Osborne. Some clarity with regard to the $10 million payment to Deerfield. 1. If the company pays in cash, there is no need to file an 8K. This is because such a payment was already contemplated and disclosed to investors. 2. If the company pay's in shares at a rate of $3.25 or higher there is no need for an 8K because this was already a contemplated method of payment that was disclosed to shareholders. 3. If the company renegotiated the number of shares that it would take to satisfy the debt, we would likely need to see an 8K filed. This is because such an event has not been previously disclosed to shareholders. 4. If an 8K is needed, it typically must be filed within 4 business days of the event. That would be by Friday evening, January 19th. 5. If Friday passes and we see no 8k, it is a safe assumption that the company paid with cash from the escrow. This could mean that a capital raise will transpire in the very near term to continue operations at full speed. For as much as everyone here likes to bash s.o. he knows more than the average joe. He just won’t stick his head out there and put up a price target. So he will never be wrong. Nor right.
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Post by boca1girl on Jan 17, 2018 20:50:31 GMT -5
From a post by Osborne. Some clarity with regard to the $10 million payment to Deerfield. 1. If the company pays in cash, there is no need to file an 8K. This is because such a payment was already contemplated and disclosed to investors. 2. If the company pay's in shares at a rate of $3.25 or higher there is no need for an 8K because this was already a contemplated method of payment that was disclosed to shareholders. 3. If the company renegotiated the number of shares that it would take to satisfy the debt, we would likely need to see an 8K filed. This is because such an event has not been previously disclosed to shareholders. 4. If an 8K is needed, it typically must be filed within 4 business days of the event. That would be by Friday evening, January 19th. 5. If Friday passes and we see no 8k, it is a safe assumption that the company paid with cash from the escrow. This could mean that a capital raise will transpire in the very near term to continue operations at full speed. For as much as everyone here likes to bash s.o. he knows more than the average joe. He just won’t stick his head out there and put up a price target. So he will never be wrong. Nor right. No, he “wins” either way. He reminds his reads that he called MNKD a “speculative buy under $1” (post 5:1 RS). So if MNKD is a success or if MNKD goes BK, he is covered either way. But yes, he never puts a target date for the eventual outcome. In my mind, not much different from MK’s near miss with his $10 by year end target. I hope SO brags about his great “speculative buy” recommendation some day because then we longs all win.
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