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Post by babaoriley on Apr 7, 2018 0:30:47 GMT -5
Not happy with dilution - though expected, but I am happy with the overreaction. Unfortunately, I couldn't get a buy order in before the end of the day, so I'll have to wait to see if my limit order for 2,000 shares clears on Monday. If so, I'll consider today's movement a complete gift, since I almost bought at $2.20, and an opportunity to average down on a company with a northeast trajectory. GLTALs markado, I hear you, but I gotta suggest to you that you take a geography/map reading course. And radgray68 said "we're not doing super great right now..." That would be the winner of the understatement of the year award for 2018; it's only April 6, but just go ahead and wrap it up and give it to him now, no one will beat it the rest of this year!
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Post by markado on Apr 7, 2018 8:48:46 GMT -5
Babo, I get it. But I think too many these days are relying on google maps to show them where to go. I prefer to know that the sun rises in the east, sets in the west, and set my compass and feet in the direction I wish to go, accordingly. I am comfortable traveling with MNKD, no matter what the traffic or noise looks or sounds like out the window. And that's what I consider most of the short and other macro activity, for now...traffic and noise and inconvenience. It doesn't change where we're trying to get to.
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Post by mnholdem on Apr 7, 2018 10:08:10 GMT -5
LOL! It seems that you and baba are looking at different "maps". The scripts graphics and share price.
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Post by slugworth008 on Apr 7, 2018 10:18:11 GMT -5
Sports, thank you for sharing the Mike C. tweets. They keep me bullish. I was buying MNKD stock today like Duke & Duke were buying FCOJ in Trading Places. Hope I end up like Winthorpe and Valentine and not like the Dukes! Love it! Nice work by LouisIV - and a good response from MIkeC....Simply put I bought this stock 4 years too early...LOL and ouch.
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Post by pat on Apr 7, 2018 11:05:52 GMT -5
Absolutely nothing has changed.
Techno sphere platform worth billions.
We own a piece of it.
Mike and co are successfully working toward monetizing the asset.
Dilution is inevitable. More will follow this year.
But we still own a piece of an asset worth billions. Our share(s) will be worth substantially more once all the different drugs beyond Afrezza are successfully ‘delivered’.
No idea how long that will take. Hopefully this sale into funds means shorts won’t get their grubby paws on any of the shares.
I’m frustrated like everyone else. Hope g0d gives me the patience to see this through.
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Post by kball on Apr 7, 2018 14:43:37 GMT -5
Absolutely nothing has changed. Techno sphere platform worth billions. We own a piece of it. Mike and co are successfully working toward monetizing the asset. Dilution is inevitable. More will follow this year. But we still own a piece of an asset worth billions. Our share(s) will be worth substantially more once all the different drugs beyond Afrezza are successfully ‘delivered’. No idea how long that will take. Hopefully this sale into funds means shorts won’t get their grubby paws on any of the shares. I’m frustrated like everyone else. Hope g0d gives me the patience to see this through. God Giveth. God taketh away-ith
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Post by LosingMyBullishness on Apr 8, 2018 4:10:51 GMT -5
Every investment bank has a clientele that they serve (hint: the clientele is the investors putting in the money and not the companies paying the fees). HC Wainwright and their affiliate Rodman & Renshaw have a well-established track record for the kind of deals they do and their clientele. The fact that Mike stylized the investors as "healthcare funds" does not mean they are long-term strategic investors like Atlas or Orbimed. Once the announcement was made that MNKD would be presenting at the Monaco conference it shouldn't have been a big surprise to anybody that today's announcement was only weeks away. Those with the stomach for it either bought slightly out-of-the-money puts or sold short, and covered today. MNKD announced that they would be presenting at the conference on March 19 and the borrow rate promptly increased at several brokerages over the following days before settling back down. That was not a coincidence; it pays to study tea leaf reading. I assume that there are many retailers who do not have a clue about a Monaco conference and its relevance. I have limited time and look at scripts, press releases and this board. But I assume, this makes me the perfect victim.
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Post by boytroy88 on Apr 8, 2018 6:31:23 GMT -5
Apr 6, 2018 12:43:41 GMT -7 matt said: Every investment bank has a clientele that they serve (hint: the clientele is the investors putting in the money and not the companies paying the fees). HC Wainwright and their affiliate Rodman & Renshaw have a well-established track record for the kind of deals they do and their clientele. The fact that Mike stylized the investors as "healthcare funds" does not mean they are long-term strategic investors like Atlas or Orbimed. Once the announcement was made that MNKD would be presenting at the Monaco conference it shouldn't have been a big surprise to anybody that today's announcement was only weeks away. Those with the stomach for it either bought slightly out-of-the-money puts or sold short, and covered today. MNKD announced that they would be presenting at the conference on March 19 and the borrow rate promptly increased at several brokerages over the following days before settling back down. That was not a coincidence; it pays to study tea leaf reading. I guess this begs the question of what are the other conferences that does the same...if there are more than one of this type of conference?
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Post by akemp3000 on Apr 8, 2018 8:13:52 GMT -5
There sure seems to have been a big reaction to such a small anticipated offering. Small being relative as the decision was made to sell 14M of the 140M newly authorized shares to extend the runway for a brief period to buy some time. Next up, if Mike is correct, we'll see scripts rise and at least one partnership announcement. This should cause the pps to move up. Following this will be the release of the STAT study and hopefully a new and improved marketing push which should also increase the pps. We might then see another 14M offering at a price that should net significantly more than $23.5M. This in conjunction with increasing scripts and the resulting lower burn rate would buy more time plus boost further marketing. IMO Mike's plan is proceeding on track. He certainly doesn't want further dilution as it hurts him also. This should be a great time to buy...maybe even the last time to buy at such a low price. As Warren Buffett said, "Be greedy when others are fearful". GLTA
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Post by nadathing on Apr 8, 2018 10:17:53 GMT -5
Absolutely nothing has changed. Techno sphere platform worth billions. We own a piece of it. Mike and co are successfully working toward monetizing the asset. Dilution is inevitable. More will follow this year. But we still own a piece of an asset worth billions. Our share(s) will be worth substantially more once all the different drugs beyond Afrezza are successfully ‘delivered’. No idea how long that will take. Hopefully this sale into funds means shorts won’t get their grubby paws on any of the shares. I’m frustrated like everyone else. Hope g0d gives me the patience to see this through. If TS is worth billions why don't we have one real partnership from BP with serious cash paid up-front?
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Post by brotherm1 on Apr 8, 2018 12:30:15 GMT -5
I wonder if the investors that purchased shares at $6 in the fall were offered and purchased shares this time from Wainwright to average down. I remember seeing that at least one law suit was filed against Wainwright consequent to the shares they purchased at $6.
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Post by dreamboatcruise on Apr 8, 2018 13:25:44 GMT -5
There sure seems to have been a big reaction to such a small anticipated offering. Small being relative as the decision was made to sell 14M of the 140M newly authorized shares to extend the runway for a brief period to buy some time. Next up, if Mike is correct, we'll see scripts rise and at least one partnership announcement. This should cause the pps to move up. Following this will be the release of the STAT study and hopefully a new and improved marketing push which should also increase the pps. We might then see another 14M offering at a price that should net significantly more than $23.5M. This in conjunction with increasing scripts and the resulting lower burn rate would buy more time plus boost further marketing. IMO Mike's plan is proceeding on track. He certainly doesn't want further dilution as it hurts him also. This should be a great time to buy...maybe even the last time to buy at such a low price. As Warren Buffett said, "Be greedy when others are fearful". GLTA Actually 28 million shares if you are hoping the share price recovers. I don't remember that you were talking about anticipating this. You might have been, but many investors were not. Many right here on PB were talking about all the money that was going to come from "deals" so that selling shares would be unnecessary. So this absolutely took many by surprise. Maybe it would help lessen the surprise factor if certain forums were more welcoming to candid discussions. By my count we're up to about 180 million shares if all the warrants, conversion rights, etc. are executed. A year ago that would have been something like 110 million. Many people would not view that rate of dilution as being "small" amounts. 28 million here, 28 million there and pretty soon we'll have used up the 140M new shares. BTW... I'm not fearful... merely expecting more dilution.
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Post by dreamboatcruise on Apr 8, 2018 13:28:07 GMT -5
I wonder if the investors that purchased shares at $6 in the fall were offered and purchased shares this time from Wainwright to average down. I remember seeing that at least one law suit was filed against Wainwright consequent to the shares they purchased at $6. It was a much sweeter deal this time with warrants thrown in, so I imagine it was offered to anyone that was willing to take the phone call.
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Post by agedhippie on Apr 8, 2018 13:38:01 GMT -5
I wonder if the investors that purchased shares at $6 in the fall were offered and purchased shares this time from Wainwright to average down. I remember seeing that at least one law suit was filed against Wainwright consequent to the shares they purchased at $6. I would expect all the investors (except Kent Kresa) to have shorted their shares near the top of the market. That day the price peaked at $6.96 and closed at $6.71 despite dipping to $5.72 with volume over 48 million. They got their shares at $6.00, shorted near the peak, and made out like bandits. The people who got caught that day were retail, or momentum traders who were not watching the market properly. Even more got caught on the way down as the position unwound because they couldn't believe it was just a spike and was over. If they could do that once (spike the share price) then why didn't they do it this time? There is a limit to how often you can pull that trick without getting the SEC all over you...
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Post by babaoriley on Apr 8, 2018 13:41:21 GMT -5
I wonder if the investors that purchased shares at $6 in the fall were offered and purchased shares this time from Wainwright to average down. I remember seeing that at least one law suit was filed against Wainwright consequent to the shares they purchased at $6. I would expect all the investors (except Kent Kresa) to have shorted their shares near the top of the market. That day the price peaked at $6.96 and closed at $6.71 despite dipping to $5.72 with volume over 48 million. They got their shares at $6.00, shorted near the peak, and made out like bandits. The people who got caught that day were retail, or momentum traders who were not watching the market properly. Even more got caught on the way down as the position unwound because they couldn't believe it was just a spike and was over. If they could do that once (spike the share price) then why didn't they do it this time? There is a limit to how often you can pull that trick without getting the SEC all over you... aged, you're such a cynic.
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