No positive catalyst until Mid - Aug. May be a run-up before Trial results released.
May be a dip or 2 - will be a good opportunity to buy. May even be a dramatic bull raid - I plan to have cash ready.
Top line results before Aug Options Expiry. Sparks will fly. I really don't know how to position myself yet. May only hold slightly OTM Aug calls and keep the rest in cash. We'll see.
October dilution as 50M shares will enter the market as warrants for $2.60 / share are executed. Will this depress share price? if so, I'll take it as a gift and add more shares.
I expect the eventual (2016) outstanding share count to be ~500M as convertibles and warrants require issuance of new shares. This will help MNKDs balance sheet and give them a strong position going into launch (assuming approval). The stock dilution should not come as a surprise, and should factor into your price target calculations. If the market gets spooked and you're still confident - that is to say, you expect the issuing of shares, then you may be able to get a bargain.
It'll be volatile but potentially very profitable.