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Post by mnkdfann on Jan 31, 2018 19:34:11 GMT -5
^ exactly. Aside from SP at purchase, the (60) million dollar difference between the scenarios is that in scenario 1, MannKind gets $60M and in sceanrio 2, they do not. This would impact valuation. I commented on that earlier. The thing is, the impact on valuation is minimal. About 0.40 (ball-park) per share.
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Post by Deleted on Jan 31, 2018 19:47:09 GMT -5
^ exactly. Aside from SP at purchase, the (60) million dollar difference between the scenarios is that in scenario 1, MannKind gets $60M and in sceanrio 2, they do not. This would impact valuation. I commented on that earlier. The thing is, the impact on valuation is minimal. About 0.40 (ball-park) per share. 0.40 per share would be great, if it held for a bit. That should, or at least could, lend toward generating an additional $20-120MM, from new blood outside buyers, within the following 48 hours. Emphasis on the word, 'could'. But in the event that it led to $120MM in new spending, the bubble would keep swelling, and the new $120MM would then tempt in additional investors; while if in the event the initial $60MM only brought about an additional $20MM range; the bubble would be popping, quickly, from there.
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Post by traderdennis on Jan 31, 2018 20:10:39 GMT -5
Yes straightly, I don't believe that your speculation above is correct, that an investor(s) in October purchased shares through MNKD direct placement to hold a position. 1. 100% debunked that one investor purchased and held due to know beneficial statement of ownership was ever released. 2. If a group of investors or fund, made a purchase like described above, most likely they would of requested a board seat in exchange for making a 60MM purchase. The likely event was Deerfield and others shorting the stock above $6 and covering with direct placement shares. Retail now owns those shares. Many if not a large marjority of those shares were put into the borrow pool for others to short the stock. There has been plenty of opportunity to get a much larger stake of MNKD by making consistent open market purchases over a short to longer time frame at a VWAP of $3 or less. Did you forget about the shares our Chairman bought at $6? Another thing to consider are the 10M preferred shares. If I had $60M, and was confident in MNKD’s success, I would negotiate for those shares at a good conversion price and maybe collect dividends along the way. First let's talk about the chairman's purchase. On October 10th, the stock price closed at 6.71 a share. Our esteemed chairman purchased shares through the direct placement and received greater than 10% discount for making his stock purchase at $6.00 per share. He did not buy those shares on the open market. His shares account for less than 2% of the placement. As for preferred shares with dividends, that will not happen until the company is cash flow positive to pay for an ongoing preferred dividend. Without cash flow positive, preferred shares are just a giant zero coupon junk bonds. Good luck getting those sold.
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Post by Deleted on Jan 31, 2018 20:38:35 GMT -5
Didn't someone on here the other day say that they had heard the traction last week kicked off when a single investor of $5-10MM moved their position, then bought back in? Or was that the debunked rumor yall are referencing above?
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Post by falconquest on Jan 31, 2018 20:58:35 GMT -5
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Post by traderdennis on Jan 31, 2018 21:37:59 GMT -5
Didn't someone on here the other day say that they had heard the traction last week kicked off when a single investor of $5-10MM moved their position, then bought back in? Or was that the debunked rumor yall are referencing above? Deerfield who is the largest creditor. Last week they took stock in lieu of most of their 10 million dollar loan payment. Most likely they sold short before taking the stock in the dillution. Just like they have done in the past
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Post by sayhey24 on Jan 31, 2018 22:57:14 GMT -5
And of course I don't. But if somebody did, unlike me, and want to invest in MNKD like me, which way will be better? Buy shares from the company at $6. Pros: make MNKD stronger with its cash position. Cons: May not feel great if SP stay below $6. Likely result: boost MNKD above $6. Buy shares on the open market. Pros: May get a bigger portion of the company with less money. Cons: May trigger squeeze and end up getting shares above $6 per. Likely result: boost MNKD beyond $6. It it were you, what would you do? Do you speculate the result will differ from mine? I would take $10m and hope MNKD goes to 66cents again and buy on a short run. I would take the other $50M and go large with a VDex type operation but it would do a little more than what VDex is currently doing. The goal is to get the patient base and sell to one of the big players who will be jumping in in the near future.
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Post by themarlin on Feb 1, 2018 0:10:25 GMT -5
Maybe Bezos/Daimon/Buffet Enterprises will jump in and own the rights to exclusively offer the best insulin + some cgm monitoring device worldwide through Amazon.com.
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Post by mytakeonit on Feb 1, 2018 0:17:20 GMT -5
If I had $60M ... then, this must be 2021 and my equity has already doubled to $120M.
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Post by Deleted on Feb 1, 2018 0:32:30 GMT -5
Imagine a wealthy stranger randomly tells you that they want to, and have the ability to, cryogenically freeze you for a 250 year period, while offering you $60 million dollars worth of MNKD stock, at todays prices, tethered to a good-til-kill limit sell order at $1,000 per share and a bank account for the sale proceeds to transfer to; but you have to sign a contract on the dotted line, and jump inside, right that moment. The stranger offers you a pen: Do you grab the pen, sign and jump in? Your response: A. All in B. Nope C. I really hope GTK applies to the limit order. D. Other
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Post by uvula on Feb 1, 2018 0:58:22 GMT -5
If diabetes is cured in 100 years you will feel very foolish when they stop paying your refrigeration costs due to lack of money.
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Post by babaoriley on Feb 1, 2018 1:37:25 GMT -5
Imagine a wealthy stranger randomly tells you that they want to, and have the ability to, cryogenically freeze you for a 250 year period, while offering you $60 million dollars worth of MNKD stock, at todays prices, tethered to a good-til-kill limit sell order at $1,000 per share and a bank account for the sale proceeds to transfer to; but you have to sign a contract on the dotted line, and jump inside, right that moment. The stranger offers you a pen: Do you grab the pen, sign and jump in? Your response: A. All in B. Nope C. I really hope GTK applies to the limit order. D. Other If I could take our President with me, the answer would be an unqualified "yes."
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Post by mnholdem on Feb 1, 2018 5:39:20 GMT -5
Imagine a wealthy stranger randomly tells you that they want to, and have the ability to, cryogenically freeze you for a 250 year period, while offering you $60 million dollars worth of MNKD stock, at todays prices, tethered to a good-til-kill limit sell order at $1,000 per share and a bank account for the sale proceeds to transfer to; but you have to sign a contract on the dotted line, and jump inside, right that moment. The stranger offers you a pen: Do you grab the pen, sign and jump in? Your response: A. All in B. Nope C. I really hope GTK applies to the limit order. D. Other If I could take our President with me, the answer would be an unqualified "yes." Wow! Cooped up in the same capsule for over two centuries? You must really be in love.
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Post by matt on Feb 1, 2018 8:52:35 GMT -5
Wow! Cooped up in the same capsule for over two centuries? You must really be in love. I have been cooped up with the same woman for 35 years and counting. I would gladly sign up for another 165.
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Post by akemp3000 on Feb 1, 2018 9:19:56 GMT -5
If I could take our President with me, the answer would be an unqualified "yes." Wow! Cooped up in the same capsule for over two centuries? You must really be in love. That was side splitting mn. As Larry the Cable Guy says, "I don't care who ya are. That's funny!"
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