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Post by Deleted on Feb 28, 2018 18:41:37 GMT -5
Personally, I see nothing but a bright future for MNKD. But, reality and my dementia dont always agree. With that being said, looking at our current cash burn rate, expected sales for 2018 and other material events coming on line, can we estimate how many secondaries it will take us to get to the holy grail of being a company, PROFITABILITY. I would like to also add that this next $50m approximately 6 months aftet the $60m raise in October. So maybe before any profits can recorded I will throw my hat in the ring, not including this $50m, I see another 18 months to 2 years needed to be profitable. So maybe another 3 raises will be in our cards, sadly.
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Post by dreamboatcruise on Feb 28, 2018 18:47:43 GMT -5
And how many shares will be outstanding when we reach profitability... 150M, 180M, or more  |
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Post by peppy on Feb 28, 2018 19:01:57 GMT -5
Personally, I see nothing but a bright future for MNKD. But, reality and my dementia dont always agree. With that being said, looking at our current cash burn rate, expected sales for 2018 and other material events coming on line, can we estimate how many secondaries it will take us to get to the holy grail of being a company, PROFITABILITY. I would like to also add that this next $50m approximately 6 months aftet the $60m raise in October. So maybe before any profits can recorded I will throw my hat in the ring, not including this $50m, I see another 18 months to 2 years needed to be profitable. So maybe another 3 raises will be in our cards, sadly. let's see what happens between now and the ADA. Drug: Technosphere insulin This multi-center study will enroll 60 patients with T1D, A1c values between 6.5 to 10%. The patients will be randomized in 1:1 fashion to either TI or NL. Patients who are randomized into the NL arm will continue using their usual prandial insulin dose before meals. Patients who are randomized into the TI arm will be instructed to dose before the meals and take necessary corrections at 1- and 2-hours after meals to optimize PPBG (Table 1B). There will be a total of 7 study visits (screening visit, randomization visit, 2 clinic, and 3 phone visits). There will be a 4-week treatment comparison between TI and NL and 1-week of post-study follow up. (Phone visit; Figure-1). Standard lab tests (A1c, complete metabolic panel {CMP}, complete blood count {CBC}) will be performed at the screening visit. clinicaltrials.gov/ct2/show/NCT03143816*not sure why the TI arm is to dose before meals. Prandial, told to dose pre-meal. I do not know anyone that dosed rapid acting analog insulin pre-meal. |
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Post by digger on Mar 1, 2018 0:41:56 GMT -5
I'm disappointed that MNKD has to resort to an ATM to raise money. To me an ATM is the source of last resort. And why announce it the day right after the CC? It's implying they think they'll need the money sooner than later. And why didn't they use their previous ATM to sell shares during the spike to $6? At the time I believe still had at least around 10 million outstanding shares available. AT the time volume was very heavy; moving 10 million shares would have been easy.
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Post by peppy on Mar 1, 2018 0:59:31 GMT -5
I'm disappointed that MNKD has to resort to an ATM to raise money. To me an ATM is the source of last resort. And why announce it the day right after the CC? It's implying they think they'll need the money sooner than later. And why didn't they use their previous ATM to sell shares during the spike to $6? At the time I believe still had at least around 10 million outstanding shares available. AT the time volume was very heavy; moving 10 million shares would have been easy. they did. I think they said they got $4.80 average? $4.30? I am not going to dig it up. 10 million shares at $6. it is in one of the documents sla posted today. |
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Post by mytakeonit on Mar 1, 2018 1:03:34 GMT -5
Bingo!
But, this thread needs to be deleted because it is stupid !!!
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Post by dreamboatcruise on Mar 1, 2018 2:05:06 GMT -5
I'm disappointed that MNKD has to resort to an ATM to raise money. To me an ATM is the source of last resort. And why announce it the day right after the CC? It's implying they think they'll need the money sooner than later. And why didn't they use their previous ATM to sell shares during the spike to $6? At the time I believe still had at least around 10 million outstanding shares available. AT the time volume was very heavy; moving 10 million shares would have been easy. they did. I think they said they got $4.80 average? $4.30? I am not going to dig it up. 10 million shares at $6. it is in one of the documents sla posted today. Slide 10 shows all of the use of shares for the past year. The only use of the ATM appears to be a very small sale in Q4... 0.2M shares raising a net of $0.5M. That would imply a share price of something just under $2.60 per share. |
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Post by cretin11 on Mar 1, 2018 2:48:00 GMT -5
The choices for answering this poll don’t seem to relate to the poll question.
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Post by Deleted on Mar 1, 2018 7:48:29 GMT -5
Bingo! But, this thread needs to be deleted because it is stupid !!! No offense. Yet here you are. |
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Post by madog365 on Mar 1, 2018 8:07:35 GMT -5
I'm disappointed that MNKD has to resort to an ATM to raise money. To me an ATM is the source of last resort. And why announce it the day right after the CC? It's implying they think they'll need the money sooner than later. And why didn't they use their previous ATM to sell shares during the spike to $6? At the time I believe still had at least around 10 million outstanding shares available. AT the time volume was very heavy; moving 10 million shares would have been easy. This is not a new ATM agreement, they are simply moving the old agreement dating back to 2016 where the ATM was barely ever used from one ws shop to another. They could have easily tapped the ATM without moving it to cantor and avoided having the filing all together.... |
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Post by thekid2499 on Mar 1, 2018 9:09:43 GMT -5
I'm disappointed that MNKD has to resort to an ATM to raise money. To me an ATM is the source of last resort. And why announce it the day right after the CC? It's implying they think they'll need the money sooner than later. And why didn't they use their previous ATM to sell shares during the spike to $6? At the time I believe still had at least around 10 million outstanding shares available. AT the time volume was very heavy; moving 10 million shares would have been easy. This is not a new ATM agreement, they are simply moving the old agreement dating back to 2016 where the ATM was barely ever used from one ws shop to another. They could have easily tapped the ATM without moving it to cantor and avoided having the filing all together.... Exactly! |
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Post by dh4mizzou on Mar 1, 2018 9:53:41 GMT -5
Maddog,
Any thoughts on WHY they moved the ATM away from whoever it was with? Anyone else care to chime in?
More favorable terms?
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Post by sportsrancho on Mar 1, 2018 10:14:52 GMT -5
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Post by oldfishtowner on Mar 1, 2018 10:25:12 GMT -5
I'm disappointed that MNKD has to resort to an ATM to raise money. To me an ATM is the source of last resort. And why announce it the day right after the CC? It's implying they think they'll need the money sooner than later. And why didn't they use their previous ATM to sell shares during the spike to $6? At the time I believe still had at least around 10 million outstanding shares available. AT the time volume was very heavy; moving 10 million shares would have been easy. An ATM is not the source of last result, death spiral convertible debt is. Rather ATM is flexible financing that allows small amounts of cash to be obtained when needed over time. If MNKD were going after $50 million or $100 million at once, I do not think it would use an ATM, especially at the volume levels the stock is trading these days. The ATM will, in fact, minimize dilution to the amount that is needed. As for profitability, I think that MNKD could have one or two profitable quarters this year, that is, positive paper earnings. MNKD took a large write-down of the value of the manufacturing facility 2 years ago. Assuming 1 or 2 of the pending international partnerships materialize, MNKD could reverse some of this write-down if approval in the target countries happens quickly. If not this year, then next year when the Brazil approval comes through. We do not know what the up-front payments payments will be from the 2 new partners, so we have no idea how much cash MNKD will need to raise going forward. Since MNKD is still in negotiations, it doesn't know either or when the payments will be received. I think that the ATM provides a safety net until MNKD knows exactly how much cash it will receive and when and the cash is in the bank. Then, management will decide if it needs to do a placement. Personally, I believe that the time for a major cash raise is after the international partnerships are a done deal, or after the ADA, maybe even later in the summer after the TreT SAD study is completed. Any success in executing the marketing plan Pat McCauley outlined can only provide more upward pressure on the pps as Mike raises his projected revenue numbers for 2018. Management will choose the opportune time for a major cash raise and there appears to be a number of catalysts in coming months that could provide just the opportunity to do it with minimal dilution. The ATM will provide the cash needed to get to that point. |
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Post by thekid2499 on Mar 1, 2018 10:26:47 GMT -5
Maddog, Any thoughts on WHY they moved the ATM away from whoever it was with? Anyone else care to chime in? More favorable terms? I believe I read somewhere that moving it to a larger, more reputable firm was considered a positive sign by the market. |
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