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Post by mannmade on Jun 24, 2019 14:48:42 GMT -5
I beleive it was mentione on the JP cc re 2nd uthr molecule.
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Post by mannmade on Jun 24, 2019 13:25:25 GMT -5
You are very wrong about this imho. If Matt did not get such a great settlement, mnkd might still be involved in a lawsuit with Sanofi and running up needless legal fees in a case that ultimately they could have lost. Instead $175m in debt was forgiven and mnkd received a much needed cash infusion that was not a token payment. And this set the stage for moving on with a clean slate.
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Post by mannmade on Jun 24, 2019 10:43:23 GMT -5
Actually I have more than a clue. You should quit now. I have no idea if you ever called the stock below two and do not care as I have never called anyone on out including you for guessing about the stock price as I have been a long since 2008 and know how it fluctuates. I do however call out people for posting untruths posted as facts which you have done. So am asking you to kindly stop. Could you all maybe take it out to the parking lot? With all due respect rtmd, people on ProBoards need to know when a contributor is telling an outright untruth so as not to give it any consideration whatsoever. We give a LOT of leeway for opinions on this board as everyone is entitled to one, especially when supported with a logical arguement. But an outright lie which I personally know is such, needs to be called out publically, otherwise it continues to fester in my opinion. I generally do not get too engaged in this type of conversation except when I know for a fact.
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Post by mannmade on Jun 24, 2019 10:23:39 GMT -5
I think you were the one that called me out spreading FUD when I said the stock was going under 2 dollars? You have no clue what you are talking about--again. Actually I have more than a clue. You should quit now. I have no idea if you ever called the stock below two and do not care as I have never called anyone out including you, for guessing about the stock price, as I have been a long since 2008 and know how it fluctuates. I do however call out people for posting untruths posted as facts, which you have done. So am asking you kindly to stop.
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Post by mannmade on Jun 24, 2019 9:59:54 GMT -5
I do not invent I do my due diligence. Got a ton of heat on this board when I said the stock was heading below 2 towards a buck. Take it for what it is worth. Matt P is the guy behind VDEX. Just like the stock went to a buck. Watch and learn. Backwash, I do not not know your motives but I am calling you out for telling a lie and spreading untruths. You have done NO due diligence as there is none to be done since I know for a fact Matt is NOT behind Vdex. He has been a personal friend of mine for years.
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Post by mannmade on Jun 18, 2019 17:18:53 GMT -5
Assumptions: a. Mnkd as of the first week in June has somewhere around $42m in cash. b. Cash burn appears to be estimated at about $8m per month (possibly $9m) since the end of DTC c. Afrezza net revenue seems to be averaging about $2.1m per month d. That leaves a negative $5.9m estimated negative cash burn per month
The DF payment of $11.5m is due in July as is an insulin payment of $2.5m or so from what I understand. This will bring cash down to $28m less operating expenses for July, plus $2.1m for Afrezza revenue, or a net cash position of about $22m
With six months left in the year, lets say $2.4m ave per month in net revenue for total of $14.4m net revenue from Afrezza for remainder of the year. With a net cash burn of $8m per month for a total of $48m for the rest of the year minus $14.4 for additional net Afrezza revenue, there is an expected/estimated negative operating burn of ($33.6). Not sure of any other extraordinary expenses/costs coming up this year.
Now with $22m estimated to be left by end of June that leaves mnkd short by approxiately ($11.5m) for the year.
Now for the options:
Option 1: The company has approximately (I am not really sure of this number) 14m shares on the shelf with the return of the $2.38 warrants Additionally, if the $1.60 warrants are not exercised mnkd wil have another 25m or so shares for about 39m shares or so. (est guess on my part). (If sold at today's price of around $1.25 that gives mnkn another $48m or so.)
Option 2: The $1.60 warrants are execrcised for an additional $40m
Option 3: Some combination of 1 or 2 above and one or more of the below: a. Second UTHR milestone payment for $12.5m b. Second molecule for $15m/$15m payment(s)
Seems to me that this is playing it too close to the vest without the knowledge of something else being out there for revenue. Perhaps a loan against assets once DF is removed. I am not sure.
However without some form of increased regular revenue (from scripts or whatever) or a partner of some kind it seems mnkd will be back in the same boat rowing upstream next year after they get through the next set of rapids.
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Post by mannmade on Jun 18, 2019 15:59:52 GMT -5
I believe you are rght I dont recall how many.
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Post by mannmade on Jun 18, 2019 14:32:48 GMT -5
Yes I was going to clarify that as well Aged. There are approximately 25m shares reserved for the $1.60 warrants so actaully currently there are approximately 37m shares available.
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Post by mannmade on Jun 14, 2019 19:14:02 GMT -5
Kaiser does
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Post by mannmade on Jun 14, 2019 16:44:02 GMT -5
With all due respect, I am not sure where you got your impression but I can assure you that Vdex was started for the reasons I stated above.
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Post by mannmade on Jun 14, 2019 16:08:50 GMT -5
It sounds like a "hail mary" offer to me. Their current business model has failed and they're blaming Mannkind for failing to promote afrezza sufficiently to bring in customers to VDEX. Now they are desperate to try something else. I have been a shareholder since 2008 and I have been engaged in this particular community since it was on Agoracom. In that time I have heard a lot of complaining and frustration from many shareholders which honestly, I understand as I have taken a huge loss from this investment. (And I own that and blame no one for it) Now people can speculate all they want about Vdex's funding, motives, business model, its success or not, etc.. But you should all understand something, they are shareholders who chose to actually do something about the situation and not just complain, that is why and how Vdex got started. They did not just sit back and vent... They are activist shareholders... Something we could use more of imho... The fact that Bill runs a hair restoration clinic is not relevant to me, he could be a clerk at Walmart for all I care. It's the fact that he took the time to do something about his frustration and make it a positive not just for shareholders but for PWD's. And so they are learning and growing as they move forward. You are free to agree or disagree but I applaud the activism.
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Post by mannmade on Jun 14, 2019 11:21:02 GMT -5
didn't kresa buy $1M worh of shares a while back?
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Post by mannmade on Jun 13, 2019 11:51:40 GMT -5
In answer to some of the above issues why not just promote and expand the coupon program or the DTC program?
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Post by mannmade on Jun 11, 2019 17:36:02 GMT -5
I would gleefully be happy with 5% of the market... 5% of mealtime insulin... is what breaking even? How our aspirations for Afrezza has fallen... Spend a billion+ to develop Afrezza, and make back pennies on the dollar. I’d be happy with 5% in a 3 to 4 month timeframe. If I understand OOG's numbers on one of the threads under script counts the total weekly prandial sales are actually just about $135m per week in the US and 5% of that is $6.25m (x 52) is $351m and yes I would take that for now.... Happy to see Afrezza grow to a billion plus...
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Post by mannmade on Jun 11, 2019 16:10:13 GMT -5
I would gleefully be happy with 5% of the market...
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