and then sell it all at $1 and wonder what went so wrong.
FOLD is a stock dumping sham that is set up to destroy shareholders but make millions for insiders.
Can you hear them laughing at you as they count their millions?
Sadly, you will make the classic little guy mistake and sell when it hits $1 instead of today.
Look at the chart....Downtrend still firmly in place with lower highs followed by lower lows.
The weakest of the weak.
ZERO news from company (maybe management they took the entire summer off).
Smells like this POS is getting ready to drop a major bombshell on the heads of longs.
See you at $1.
so why should the shorts or anybody else?
Why keep issuing new shares at this level (resulting in huge dilution) when they have $170 million in cash and their first drug revenue only a few months away? Why not wait until the share price rebounds with good news and sell later thus minimizing shareholder dilution?
Why? Because this management is some of the absolute worst in the sector (and highest compensated) and do not care about shareholder value.
Just read the lawsuits already filed against them.
"Celebrity" CEO et al need to be replaced before this stock will ever regain the confidence of the street.
Maybe Citron can help....
FDA is going to once again SLAP this inept management as expose them again for what they are.
Stock is dead.
because the inept, greedy management that helped create the massive short position that is destroying the stock are still in place and still doing damage year after year.
Replace the "celebrity" CEO (and his massive comp. package) and the shorts will begin to take notice and become fearful.
Until that happens, positive news, upgrades, buyout rumors, etc. will have no lasting effect on the stock.
Nonsense....Just another HUGE mouth to feed with more dilution.
The street sees nothing but crippling mismanagement of funds and death spiral dilution.
STOCK IS DOOMED!
Crowley is one of the biggest problems with FOLD (just ask any short) not part of any solution.
Massively overcompensated, unfocused, part-time, celebrity CEO that is only good at one thing...SELLING NEW SHARES!
Stock is doomed unless he is replaced.
If only somebody could have warned you about FOLD....LOL.
BTW...Did you see the new SEC filing detailing the big bonuses that are going to be giving themselves? All funded by massive dilution.
Thanks for playing.
Sell now or really get crushed soon.
Down to the lowest level of the year BUT the stock is still DOWN nearly 30% YTD.
7 million shares have covered since 3-15 yet the stock has gone down over that time period.
Get it yet?
Management has destroyed this stock and it will never recover as long as the celebrity CEO is still in charge.
OK....Let us know when Edelman and Perceptive Advisors become activist shareholders here and replace inept part-time celebrity CEO Crowley with a real focused professional CEO. We will be the first one in line to buy shares.
Until then, the stock is dead and headed to new multi-year lows.
Sadly, you couldn't be more wrong.
You will make the classic little guy mistake, hold in disbelief, and in the end lose 90% of your funds when you finally do sell.
Remember when/where you read this...
FOLD = MNKD
Hahahaha...Didn't help did it? Stock is down nearly 30% YTD.
Still a massive short position of 20+ million shares.
FOLD is a POS stock and will never recover. Look for 200 million shares out. next year and 100 million of new debt as management wastes money like crazy.
FOLD has one of the worst management teams in the entire sector and the street knows it.
Ask yourself....With $165 million in cash &securities, why would FOLD be dumping shares now if they thought the share price would be much higher after an EU approval?
Yet, they are dumping shares now. Why?
They obviously have zero interest in shareholder value and must know that the share price is not going higher in the near future in part because of their ongoing actions.
CEO can't even muster the interest (despite his insulting $4.7 million comp. package) to present the company's story at the announced BoA conference. Part-time "celebrity" CEO has been a huge fail for shareholders and should be replaced but his "story" will prevent that from happening.
Short at will. FOLD in another MNKD.