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Post by peppy on Apr 6, 2018 10:30:36 GMT -5
ilovekauai MannKind needs time for scripts to rise and TreT to demonstrate safety and efficacy. Their only option is to sell shares at rock bottom prices; I would not be surprised if MannKind sells all 280 million authorized shares before we see upward share prices. Given the choice of turning out the lights and locking the doors, or dilution, I will take the latter. kastanes, did you get the script numbers you posted this morning from Osbourne? hmmmmm?
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Deleted
Deleted Member
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Post by Deleted on Apr 6, 2018 10:39:33 GMT -5
peppy Believe it or not, I am capable of instructing the Schwab representative to locate the data using their Bloomberg terminal.
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Post by ilovekauai on Apr 6, 2018 10:41:06 GMT -5
I'm just curious now who this person is and the background. This morning was a wake-up call for me.
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Post by bullofwallstreet on Apr 6, 2018 10:46:01 GMT -5
i'm regretting my last buy at 2.50 now 52k in the hole i thought lowering my share price from 11 to 8 would have been a smart choice, this is just stupid honestly i'm in this messed up situation because of trying to lower my share price every-time it tanks .
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Post by lakers on Apr 6, 2018 10:50:33 GMT -5
“Mannkind has about $25 million as of March 31, which means a runway until June 30”
Ask yourself why Mnkd raised just enough until 6/30. Wait for the river card.
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Post by awesomo on Apr 6, 2018 10:52:58 GMT -5
“Mannkind has about $25 million as of March 31, which means a runway until June 30” Ask yourself why Mnkd raised just enough until 6/30. Wait for the river card. Praying for the 2 outer before hitting up the ATM again?
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Post by cretin11 on Apr 6, 2018 11:02:08 GMT -5
Waiting for the river card doesn't sound like a good strategy.
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Post by seanismorris on Apr 6, 2018 11:04:32 GMT -5
I have another stock I’d written off for dead after a massive IP theft (by their largest Chinese customer).
It’s massively outperforming MNKD.
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Post by goyocafe on Apr 6, 2018 11:04:53 GMT -5
Waiting for the river card doesn't sound like a good strategy. Considering I'm up a creek without a paddle, I just hope when I get to the river that I have a paddle, a helmet, extra rations, and a guide.
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Post by akemp3000 on Apr 6, 2018 11:05:51 GMT -5
Not long ago 140M new shares were authorized and put on the shelf to be used in the coming years. Mike said at the time how these might be used. 14M were just used to buy time for events to unfold and for scripts to increase. No doubt it would have been better if this occurred at a higher value or that there were new announcements. This should have not been surprising to anyone aware of the cash situation. Mike is simply playing the hand with the current cards available. Hopefully new cards will turn over soon.
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Post by ilovekauai on Apr 6, 2018 11:07:36 GMT -5
Seanismorris: Who cares?
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Post by agedhippie on Apr 6, 2018 11:16:45 GMT -5
“Mannkind has about $25 million as of March 31, which means a runway until June 30” Ask yourself why Mnkd raised just enough until 6/30. Wait for the river card. Or alternately; because there is a limit to how much you can dump into the market in one go without drying up the liquidity. The placing buyers need to be able to short the stock ahead of the placing. It's simple market mechanics.
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Post by lakers on Apr 6, 2018 11:17:01 GMT -5
$6.25M due Deerfield 5/11 (shrs will be used before ER), $2.77M due AMPH 6/15. $2M/wk burn rate.
-2,116,424 cash 6/29. $25M covenant. 27M needed. Check S.O.
The ante raise is not a surprise. Ask yourself again, why raising just enough $26.3M (right on the dot) to last till 6/29? Doesn’t river have water?
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Post by digger on Apr 6, 2018 11:29:13 GMT -5
$6.25M due Deerfield 5/11 (shrs will be used), $2.77M due AMPH 6/15. $2M/wk burn rate. -2,116,424 cash 6/29. $25M covenant. 27M needed. Check S.O. The ante raise is not a surprise. Ask yourself again, why raising just enough $26.3M to last till 6/29? Doesn’t river have water? Mannkind's river seems to be more of a dry gulch.
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Post by mnkdfann on Apr 6, 2018 11:29:29 GMT -5
“Mannkind has about $25 million as of March 31, which means a runway until June 30” Ask yourself why Mnkd raised just enough until 6/30. Wait for the river card. Aren't they restricted to a maximum dilution of 20% in a six month period (when using a pipe)? I may not have the numbers here 100% correct, but I think they are close. There were something like 120 million shares issued (more authorized) six months ago. Issued 14 million shares last October. Issued 10.166 million shares now. 20% of 120 million is 24 million. Seems to me that they issued as many shares as they possibly could. I am eager to read where / why I am mistaken.
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