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Post by sportsrancho on Aug 4, 2018 21:09:18 GMT -5
I hit the wrong key by mistake. The above was supposed to be a question mark. Who said it was signed at 11 yesterday? Yeah, I’d like to know the same thing, also I’m wondering if it’s correct we only have enough shares for one or two months of cash why do a pipe? |
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Post by mnkdfann on Aug 4, 2018 21:44:20 GMT -5
Yeah, I’d like to know the same thing, also I’m wondering if it’s correct we only have enough shares for one or two months of cash why do a pipe? IMO it's a matter of what they CAN do, not what they WANT to do. |
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Post by sportsrancho on Aug 4, 2018 21:58:53 GMT -5
Yeah, I’d like to know the same thing, also I’m wondering if it’s correct we only have enough shares for one or two months of cash why do a pipe? IMO it's a matter of what they CAN do, not what they WANT to do. Maybe Deerfield could relax their policy and then they could do a larger pipe with more shares in the fourth quarter. |
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Post by stockwhisperer on Aug 5, 2018 11:35:26 GMT -5
FYI from LNKD - MK...
D.M. Question: “Mike, the company needs cash. Does the NASDAQ 20% rule make doing a PIPE very very difficult? Need shareholder approval or NASDAQ exception correct? Thoughts?”
MK... “A PIPE? You are not serious - throwing out alarmist terms to try to stir a reaction. It is a joke...I could give a lot of ways to raise cash that fall far short of the panic threshold. If it were I, would play around and monetize the physical assets to provide extra liquidity before anything else. It is going to be fun watching this unfold. I have not heard so much utter nonsense and bs in a very, very long time. A lot of bottom crawlers have come into the mix - and all I can say is that they are part of the thesis and they also have provided a cost basis reduction for many.”
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Post by sportsrancho on Aug 5, 2018 11:42:17 GMT -5
Mike, What do you make of the action today? Short attack or bad news dilutionary event coming? Added more at 1.03 and staying strong!!
MK....”I think some short spivs wrote some nonsense, had a funder and then put the trade on and dropped some bashing notes into a market where there was no shortage of suckers willing to sell a bottom. That is my honest assessment.”
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Post by agedhippie on Aug 5, 2018 11:46:26 GMT -5
FYI from LNKD - MK... D.M. Question: “Mike, the company needs cash. Does the NASDAQ 20% rule make doing a PIPE very very difficult? Need shareholder approval or NASDAQ exception correct? Thoughts?” MK... “A PIPE? You are not serious - throwing out alarmist terms to try to stir a reaction. It is a joke...I could give a lot of ways to raise cash that fall far short of the panic threshold. If it were I, would play around and monetize the physical assets to provide extra liquidity before anything else. It is going to be fun watching this unfold. I have not heard so much utter nonsense and bs in a very, very long time. A lot of bottom crawlers have come into the mix - and all I can say is that they are part of the thesis and they also have provided a cost basis reduction for many.” You do realize that the physical assets are already used to secure the Deerfield loan? That is going to make monetizing them difficult to say the least. It sounds like MK needs to go and read the Deerfield agreements so he understands what is available. I have some faith in Nate, I have none at all in MK. |
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Post by agedhippie on Aug 5, 2018 12:02:46 GMT -5
Mike, What do you make of the action today? Short attack or bad news dilutionary event coming? Added more at 1.03 and staying strong!! MK....”I think some short spivs wrote some nonsense, had a funder and then put the trade on and dropped some bashing notes into a market where there was no shortage of suckers willing to sell a bottom. That is my honest assessment.” Now that is a far better than his monetizing physical assets idea. Mannkind is a micro-cap and this sort of thing happens to micro-caps in both directions (look at that $6 spike). All it takes is a feasible catalyst that kills the incentive to buy the dip which in this case was lowering the revenue target at a time when high growth is required combined with the cash position. That's enough to appeal to the shorts, and make potential buyers hang back. I think the price settles around here and slowly drifts lower because it is not clear where the money will come from (for the record my bet is Deerfield). |
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Post by caesar on Aug 6, 2018 7:24:06 GMT -5
Was the short attack in response to the Common Outstanding Shares being at 152.988 million shares? Was in the 140 million range. if this increase actually did occur, let's not thank the shorts for the opportunity to buy more to average down - it believe MNKD was our Santa Claus. That's why MC said it was an early Christmas
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Post by caesar on Aug 6, 2018 7:24:56 GMT -5
Sorry for the typo's - multitasking
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Post by peppy on Aug 6, 2018 7:31:31 GMT -5
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Post by akemp3000 on Aug 6, 2018 7:47:40 GMT -5
You do realize that the physical assets are already used to secure the Deerfield loan? That is going to make monetizing them difficult to say the least. It sounds like MK needs to go and read the Deerfield agreements so he understands what is available. I have some faith in Nate, I have none at all in MK. MK is correct. Even though the plant was used to secure the debt, a sale and lease back of the plant would be sufficient to remove the Deerfield debt and provide needed funds for operating cash. A clause could be incorporated in the lease back allowing Mannkind to repurchase the plant at a later date. This is not a difficult means to improve the cash situation but clearly one that management would prefer not to do. |
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Post by golfeveryday on Aug 6, 2018 8:05:38 GMT -5
You do realize that the physical assets are already used to secure the Deerfield loan? That is going to make monetizing them difficult to say the least. It sounds like MK needs to go and read the Deerfield agreements so he understands what is available. I have some faith in Nate, I have none at all in MK. MK is correct. Even though the plant was used to secure the debt, a sale and lease back of the plant would be sufficient to remove the Deerfield debt and provide needed funds for operating cash. A clause could be incorporated in the lease back allowing Mannkind to repurchase the plant at a later date. This is not a difficult means to improve the cash situation but clearly one that management would prefer not to do. sell it to amphastar, execute their China agreement, and move on with growing Afrezza and expanding in new markets. |
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Post by agedhippie on Aug 6, 2018 8:28:07 GMT -5
You do realize that the physical assets are already used to secure the Deerfield loan? That is going to make monetizing them difficult to say the least. It sounds like MK needs to go and read the Deerfield agreements so he understands what is available. I have some faith in Nate, I have none at all in MK. MK is correct. Even though the plant was used to secure the debt, a sale and lease back of the plant would be sufficient to remove the Deerfield debt and provide needed funds for operating cash. A clause could be incorporated in the lease back allowing Mannkind to repurchase the plant at a later date. This is not a difficult means to improve the cash situation but clearly one that management would prefer not to do. Unfortunately not. The milestone agreement is secured against the property and that is potentially $90 million. Worse, the milestone agreement is with two funders, Deerfield and Horizon Santé (whoever they are) so both would need to agree. Even if it could be sold the best case is that it would net $10 million and that is before taxes, fees, etc., and assumes the building modifications add the value spent to the property (how often does that happen?). Selling it would be at best a wash and create a recurrent cost in the leaseback. |
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Post by traderdennis on Aug 6, 2018 8:34:12 GMT -5
At open down as low as $1.01 with 1.00 looking as current support
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Post by peppy on Aug 6, 2018 8:35:48 GMT -5
four mins of trade, 492,650 real time shares. www.nasdaq.com/symbol/mnkd/real-time$1.06 681,808 shares traded real time in 10 mins. $1.06 754,607 shares in 15 mins. 817,131 shares in 17 mins. $1.07/1.06 887,835 shares in 27 mins. $1.04 910,502 shares traded the 1/2 hour mark. $1.04. |
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