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Post by sportsrancho on Apr 6, 2018 6:10:55 GMT -5
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Post by sportsrancho on Apr 6, 2018 6:11:19 GMT -5
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Post by mnholdem on Apr 6, 2018 6:35:09 GMT -5
[Clipped] PPS - okay, Holdem, so your team didn't have all the incentive it might have, but you gotta say, Brownie had a heck of a game! Added the "x" and both the Kings and Wild made the playoff. That's what mattered to me.
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Post by oldfishtowner on Apr 6, 2018 7:28:19 GMT -5
Not a good price as far as I'm concerned, but a good price for the "select healthcare dedicated institutional investors" - geez. The offering calculates the current share price at $2 less what the warrant is worth. Warrant's only good for six months, but with a strike of $2.38 (happens to be today's closing price), I'd give it .20 to .30 of value. What do others think that warrant may be worth? So, if it's worth .25, that means the dedicated ones got the stock at around $1.75. Will that stock be used to cover a previous short position? I don't know, but likely. Oh, well, I guess you only get one chance to sell at $6!! As far as this offering being price in? Don't think so, but, who knows, maybe the company will have a great script count tomorrow, or perhaps they will announce great news, or perhaps you'll look up an you'll see a pig or two fly by - any of those things might happen tomorrow, so keep a very watchful eye on the sky, it's likely to be more pleasant than watching a computer screen tomorrow! PS - so glad I took a look at the board right before calling it a night - you know, it's like a glass of warm milk! PPS - okay, Holdem, so your team didn't have all the incentive it might have, but you gotta say, Brownie had a heck of a game! Warrants expire in a year. They can't be exercised for the first 6 months. They're probably worth more like 0.50, which would put the stock at what 1.50? We've had at least 30% dilution since the reverse split. When you wait until the last minute to raise needed cash you're never in a good bargaining position. Obviously this is what the shorts have been waiting for. It could be worse. At least this gets the company past the ADA. The STAT results had better be stellar. If not and an international partnership does not materialize by then, I hate to think what the next cash raise will be like.
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Post by peppy on Apr 6, 2018 7:33:04 GMT -5
The STAT results are going to be stellar. the instructions were perfect. The RAA arm were to carry on their normal scripts.
Steller is coming. Doesn't help today. Let's see if shorts cover here.
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Post by aceton3 on Apr 6, 2018 7:53:00 GMT -5
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Post by #NoMoreNeedles on Apr 6, 2018 7:55:26 GMT -5
Hakan and Matt were the ultimate disaster boys of Al Mann. It will take 2 years for MannKind to really take off.
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Post by oldfishtowner on Apr 6, 2018 7:59:39 GMT -5
Last chance to average down -- I hope. At least scripts are encouraging. We really needed this week's numbers.
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Post by derek2 on Apr 6, 2018 8:05:11 GMT -5
Warrants expire in a year. They can't be exercised for the first 6 months. They're probably worth more like 0.50, which would put the stock at what 1.50? We've had at least 30% dilution since the reverse split. When you wait until the last minute to raise needed cash you're never in a good bargaining position. Obviously this is what the shorts have been waiting for. It could be worse. At least this gets the company past the ADA. The STAT results had better be stellar. If not and an international partnership does not materialize by then, I hate to think what the next cash raise will be like. I think $.50 is just abt spot on, given the limited time frame for exercise. Jan '19 2.50 calls closed yesterday at $.71 but the calls have a shorter expiration (makes them more expensive than the warrants) and are farther out of the money (makes them cheaper than the warrants). So, both positive and negative against that comparator... I think my short term play is to buy puts (depending on IV) to protect my shares if the stock opens above $2.00 and buy the stock if it sinks below $1.70.
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Post by awesomo on Apr 6, 2018 8:05:39 GMT -5
Down 18% premarket to $1.94 like I thought, expect it to go lower.
What a kick in the balls especially with a nice script count released.
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Post by jonny80s on Apr 6, 2018 8:08:55 GMT -5
I personally don't think this is bad. Possible $52mil raise if SP gets back above $2.38. Personally I think they should have tried for $3-3.50/share. When all is said and done, it will be 20% dilution for funding for the rest of the year. With good news coming and rising scripts.... Hence I believe they should have pushed for a higher price.
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Post by peppy on Apr 6, 2018 8:14:02 GMT -5
Are H.C. Wainwright & Co. clients getting a chance to average down? This is a question. There was a law suit brought after the 6 dollar offering.
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Post by awesomo on Apr 6, 2018 8:16:48 GMT -5
Are H.C. Wainwright & Co. clients getting a chance to average down? This is a question. There was a law suit brought after the 6 dollar offering. You can bet there will be numerous blood sucking law firms filing after this one.
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Post by digger on Apr 6, 2018 8:21:06 GMT -5
I'd like to know the names of the "select healthcare dedicated institutional investors." I suspect it's more like "select hedge funds" getting 24 million shares and warrants to cover their short positions.
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Post by awesomo on Apr 6, 2018 8:21:23 GMT -5
I personally don't think this is bad. Possible $52mil raise if SP gets back above $2.38. Personally I think they should have tried for $3-3.50/share. When all is said and done, it will be 20% dilution for funding for the rest of the year. With good news coming and rising scripts.... Hence I believe they should have pushed for a higher price. Yeah, that’s the problem with the timing of this. It screams of desperation and lack of confidence of anything happening in 2018.
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