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Post by mnkdfann on Mar 14, 2019 21:37:07 GMT -5
I don't believe that many people was even aware of an alleged inappropriate word used by Coner Daly's father over 3 decades ago before he was even born, until Eli Lilly made a public announcement about it. It was an unprofessional and hypocritical move on Eli Lilly's part. Based on the Reddit comments and others within articles that I have read, the fans completely support Coner Daly and were glad to see Eli Lilly go (most of the comments showed a stern dislike for Eli Lilly in general). Eli was reacting to events that came out earlier the week it severed ties with Conor Daly. Eli may have over-reacted, but it was in a tough place. "Bob Lamey, who worked as radio play-by-play announcer for the Indianapolis Colts for over 30 years, retired suddenly on Sunday. News station 13 WTHR later revealed that he had used the N-word off the air, in front of a black colleague. Lamey’s use of the word was technically reported speech, as he was relaying what a person had once said at the Indianapolis Motor Speedway nearly 35 years ago, back when Lamey used to work there." Lamey recounted that the slur came from Daley Sr. Daley Sr. then made a public statement that, no, it was not him. But Daley Sr. also admitted to using the slur in other contexts back in the day. Daley Sr. made the first public announcement, that Eli had to respond to. So it was already big news, that had already gotten a longtime popular announcer fired / retired, before Eli severed ties. As I said, quite arguably Eli over-reacted. But all of this happened 1, 2, 3 in the span of 3 or 4 days. It was news before Eli got involved. And Eli had to address it one way or the other, because Conor was racing that very weekend. deadspin.com/former-colts-announcer-who-used-n-word-was-quoting-auto-1828557737 www.indystar.com/story/sports/motor/2018/08/23/derek-daly-says-he-slandered-bob-lamey/1076377002/
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Post by mnkdfann on Mar 14, 2019 19:55:00 GMT -5
Using a Black-Scholes approach, I figured the warrant price closer to $0.18. I used parameters (risk free rate and volatility) that reproduced today's April 5 call option prices (for the $2 and $2.5 strikes) within a fraction of a cent each.
That doesn't change your point that the warrants have significant value overall, but for only a short while longer.
Beyond that, I'm not sure what to think.
You say someone is 'gonna BE hedging big time'. Maybe they HAVE BEEN hedged for a long while, and the ongoing process of closing out the hedge is what has driven the share price up recently?
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Post by mnkdfann on Mar 14, 2019 13:05:40 GMT -5
Can only hope the guy runs well during qualifying. If he doesn't make it, won't be for equipment shortcomings (Honda Engine which is probably a Cosworth) as Andretti has some good money behind them. At a minimum, the car will have Afrezza on it somewhere. Hopefully he is on or will begin using Afrezza soon. Would be a great story to have his blood glucose levels under even greater control with Afrezza and furthermore, wonder if he uses a CGM / DXCM as it would make for nice real time feedback assuming the data from a Dex6 could be uploaded to a phone in the car and sent to the cloud but that setup could be another 4 oz. or so and weight for race cars is a very big deal. I can only imagine during the race if BG levels start to rise and he pits, takes a 4U hit from the dreamboat while getting fuel and then BG levels on telemetry for all to see. Won't happen but fun to think about. www.indycar.com/DriversI have followed Connor for several years and glad to see him teamed up with MannKind. You can bet he will be on Afrezza. Dr. Kendall I am sure is part of this since Connor was tied to Lilly in the past. Several years ago I posted on Connor's twitter feed about Afrezza. You may be correct, I have no way of knowing. But I wouldn't assume he is on Afrezza outright. And I wouldn't expect him to suddenly be a big vocal proponent of Afrezza. If he was going to be doing that, IMO he would have been doing it already. FWIW here is an oldish (2017) article about him and his diabetes experience. sports.usatoday.com/2017/05/23/conor-daly-diabetes-mere-hurdle-racing-career/"Daly races with a glucose monitor that transmits data so he’s aware if his glucose level falls during a race." "Daly, ..., wears a Dexcom G5 sensor during the race." “The team can’t monitor me,” he said. “I just have one (monitor) in the car to see, and it’s connected to my phone as well. “Never been an issue. Never has, and as long as I do my job, then it shouldn’t be.” “Fair credit to him,” Daly said of Kimball raising awareness of Type 1 diabetes through sponsorships in racing. “I was jealous, for sure. That did a lot of great things for him. For me, I worked a little bit with Lilly Diabetes last year, which was great. But I really have no affiliations with many people in the drug industry at all. I just go about my own business, help where I can in the Juvenile (Diabetes) Research Foundation.
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Post by mnkdfann on Mar 14, 2019 12:11:27 GMT -5
I am a girl. I am not an auto racing fan. What ever MNKD wants to do. My son told me, he didn't understand the attitude he is seeing regarding gasoline cars. I told him, the reason electronic cars are being pushed is because of the zero carbon exhaust emissions. we do not talk about climate change in this country. It is raining in Minnesota. March 14. MN had the most amount of snow fall on record in Feb. I don't understand what 'attitude he is seeing regarding gasoline cars' means. What sort of attitude? Anyway, while you were / are enjoying your snow and rain, Australia has been setting more extreme heat records (sort of an annual occurrence over there in recent years). It's a big world. www.theguardian.com/australia-news/2019/jan/24/australia-heatwave-adelaide-breaks-its-all-time-heat-record-hitting-466cI run into more and more Australians moving to Canada to work in our ski resorts and other service industries, as they hate the extreme heat they've been having over there in recent years. Maybe you are seeing more Aussies in MN as well?
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Post by mnkdfann on Mar 14, 2019 8:33:05 GMT -5
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Post by mnkdfann on Mar 14, 2019 8:22:29 GMT -5
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Post by mnkdfann on Mar 14, 2019 8:19:24 GMT -5
Even though I don't follow Indy (I'm more of an F1 guy), this sponsorship news is sort of exciting. I've seen how exciting F1 is when it comes to Montreal, and I will assume Indy races capture at least a little of the same sort of buzz. FWIW, wiki says the Andretti Autosport team has won there 3 times in recent years (in 2014, 2016, 2017). So his car (presumably with some Mannkind / Afrezza art work?) may get some air time, even though he is (apparently) not among Andretti's top drivers / main contenders. Conor Daly's personal best finish at the Indy 500 was 21st. His best Indy finish ever was 18th. "Conor Daly joins Andretti Autosport as team's fifth entry into Indy 500." www.espn.com/racing/story/_/id/25884189/conor-daly-joins-andretti-autosport-team-fifth-entry-indy-500
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Post by mnkdfann on Mar 14, 2019 8:05:37 GMT -5
+1 crossing fingers for “organic”. A very odd data point to add to this recent price action is that Yahoo! Conversations, ever a denizen of paid bashers (IMO), seems to be very suddenly devoid of them. That cannot be accidental. If memory serves, that did not happen during the run to $6. Which while we’re mentioning the $6 price, I want to give a shout out to Dr. Castagna for the dilution at that price. Kind of balances the last dilution (not - but hey nobody’s perfect). Anyway, the lack of bashers on YCs does not give me a warm and fuzzy this run is “organic”, but would love to be wrong. Personally, I’m guessing TraderDennis and others who expect warrant holder trading to be involved are correct. Yesterday somebody made money on transactions. All this talk about a pump and dump and the possibility that MNKD executives are complicit in their orchestration seems to fly in the face of something legal. It just seems less than equitable or something the SEC would condone to let a company be involved in this kind of scheme. And yet here we are talking about it as a matter of fact, so much so that the possibility of another pump and dump seems to be the more likely scenario than some unlikely change in fortune for MNKD. The fact that we see a P&D as likely and accept it as par for the course shows me just how far individual investors have been beaten down. We no longer get upset about the manipulation, but merely try to anticipate it and play along to try to capitalize on it. I for one get a very uneasy feeling in my stomach thinking MNKD could be behind this. I may have missed it, but I have no recollection of anyone (except yourself) even suggesting that MNKD is behind a P&D. As to your second paragraph, and this is just my opinion, but I think manipulation (including P&D) has been a part of the stock market for decades. Probably all the way back to their start. If someone is just accepting that manipulation is par for the course now, they may still be pretty naive investors, or at least investors with still a lot to learn. But, IF there is a P&D, I really do not think MNKD is the one directing it. I'm sure MNKD is / has / will take steps to support its share price as best it can, but IMO that is a far cry from directing a P&D.
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Post by mnkdfann on Mar 13, 2019 18:51:49 GMT -5
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Post by mnkdfann on Mar 13, 2019 17:58:45 GMT -5
I may be wrong in my thinking, but I imagine if Mannkind did the production then UTHR would have to pay for the physical product (in addition to any royalties). I doubt Mannkind would give the product away at cost. So why wouldn't UTHR want to produce it on their own and reap the extra savings / profit?
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Post by mnkdfann on Mar 13, 2019 14:12:54 GMT -5
Looks like some 2.38 warrant holders sold a bunch short to drive price from 2.27 to 2.09. Volume 8 million shares Does it make sense for 2.38 warrant holders to short at 2.27? Isn't it at least as, or even more, likely that it would be 1.60 warrant holders doing the big shorting? I say this without recalling offhand how many warrants there are at each strike price.
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Post by mnkdfann on Mar 13, 2019 12:35:05 GMT -5
I think if we saw another pump the loan rate would go back up? awesomo? Sports...so, you make my point. Since the loan rates are drifting pretty far down, no 'Pump n Dump' is coming. If that's also the case, we're now seeing an organic rise in the SP which is very important, too. Then again, everything can change on a dime in the deep dark dens of WS. Today, enough shares are out there and my intuition says that this is a 'tell' by those who 'know before everyone else'. They will get to the $2.38 strike price before expiry (I think 4/29), and add more shares to the pool. My bet is that we will see more activity shortly (no pun intended) some time thereafter. I would think the 'pump' phase of a pump and dump would start precisely when loan rates were low, and shares were easy to borrow. Only after rates became high, and shares possibly hard to borrow, would the 'dump' phase begin. Of course, all of the above assumes the pump and dump is sizeable enough to move rates. A small pump and dump would have little or no effect. Furthermore, it also goes without saying that shares moving up in price does not mean a pump and dump is necessarily occurring. The current rise may well be 'organic' as you said.
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Post by mnkdfann on Mar 13, 2019 9:46:30 GMT -5
It's been a pretty, pretty good week so far. Not just MNKD. I've had a few other stocks make surprising pops (e.g. SFIX). Overall, I admit to moving more into cash, expecting to see various bargains soon.
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Post by mnkdfann on Mar 13, 2019 8:04:20 GMT -5
A diabetes themed episode of Family Guy is coming up soon. Be sweet if Mannkind grabbed some ad slots when that episode airs. 'Afrezza - better than Pancreatone!' "Plot: Meg becomes famous on social media for eating disgusting food. She develops diabetes and starts doing sponsored content for Pancreatone, a diabetes drug with euphoric, hallucinogenic side effects." Product placement in the episode would be even better. The big famous brands do it all the time. I would love to see the character pull out a dreamboat from her pocket and take her insulin. I wonder if MNKD has explored that idea. I hear you, but Family Guy riffing on a dreamboat may not be a good thing. If you've seen the show, I shouldn't have to say any more.
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RLS
Mar 13, 2019 0:30:05 GMT -5
Post by mnkdfann on Mar 13, 2019 0:30:05 GMT -5
We all knew that someone had to design the website for RLS. Apparently RLS went with Third Hatch, a local 'small Seattle-based company' (presumably cheap), that has used pretty much the same template for all (four?) of its clients. Down the road, especially if RLS ever plans to do an IPO, hopefully it will upgrade.
(That's not to say that the site looks bad ... just sort of basic and interchangeable)
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