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MannKind Corp. Message Board

  • hd88cubicinch hd88cubicinch Mar 2, 2013 4:55 PM Flag

    Pending Dilution

    "MannKind’s Board of Directors is requesting stockholder approval of an amendment to the Company’s Amended and Restated Certificate of Incorporation to increase the Company’s authorized number of shares of common stock from 350,000,000 shares to 550,000,000 shares."
    On March 1st there were 245M shares outstanding. Any thoughts on how low the stock goes when the float is doubled??? I realize it won't all happen at once but the first block is coming up and it will send the PPS south. This is really my only concern with MNKD.

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    • if u r trading around a core - fine - go ahead and penny pinch

      but if you have not invested yet - aint gonna matter when this is $15 after approval whether you but at 2.6 or 2.3

      geeez

    • Hi HD88

      I believe the appropriate heading of your topic should read "pending delusion"
      Answer this Nobel Prize winning question ...What if the the Company’s authorized number of shares of common stock from 350,000,000 shares to 550,000,000 shares." but in the process of that increase the pps increases from $2.62 to $8.00? I understand that some investors on this board find it very hard to walk and chew at the same time. Well come to the " dilution of investor intelligence"
      Short the stock if that is your real motivation but please stop thinking you are smarter than the rest of the board.
      JT

 
MNKD
5.73+0.08(+1.42%)Oct 24 4:00 PMEDT

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