check it google shortvolume
Expect short volume to increase to 80M as of 10/15. No covering so far. Funny how short volume goes up when pps goes down or when pps goes up. When do you think they will actually cover?
I already know a handful of under 18 diabetic kids whose parents are going to be asking for Afrezza off-label. this is going to sell like hot cake. If you don't like 'cool and sleek', try 'effective'.
If you've been around long enough, you know that the 1st Afrezza clinical trials came out and Sanofi sold its share of Exhubera to Pfizer. That was a brilliant move. The $1.2B they got from Pfizer they are now using for MNKD. WE know Al said they close to signing a deal with a partner in 2011. Sanofi then bought the pfizer Exhubera plant in Germany, after MNKD made a bid to buy it. So the entire story is unfolding. soon we will know whether Sanofi and MNKD are truly right - Afrezza is a blockbuster.
schlitz, you don't even know what a loss carryover is. did you even finish high school?
pkgossett, great imagination but little knowledge on how the world really works. The U.S. laws require companies to report any shares they accumulate that reaches 5% (that is 5% of 400M = 20M shares). Furthermore, MNKD has a poison pill that if anyone acquires over 8% will be trigerred. Read the 10K and find out what happens if SNY tries to acquire more than 8% of MNKD shares. In addition, I am sure that the partnership bars SNY from buying MNKD shares without permission from MNKD. For many reasons, you are absolutely wrong.
stock_fanthom, I did not realize that this was not commonly known. That is why I was suggesting a stock buy-back. What will they do with the $950M payment if all their production cost is reimbursed and they get 35% of profit (even if it were a loss for the first few quarters they are covered by the $175M loan given by Sanofi)?? They can start a new clinical trial for another product but that doesn't take $900M. For one thing, banks will be willing to loan them money based on cash flow forecast that Sanofi will be generating from the sales. They could easily borrow $1B if they wanted to. Cash is no longer a problem. The problem is the shareholders are not seeing the value because the shorts are still running the front desk. They should dedicate $400M to buy back 80M shares that is loaned out to the shorts.
stock_fanthom, all the production cost will be reimbursed by Sanofi. Why would they run out of cash? They have $150M. If they don't run the manufacturing facility, they spend nothing. If they produce Afrezza, they get reimbursed upon shipment, at cost. So I don't see how they would run out of cash.
The stock price does not affect how MNKD operates. It only matters if they need the capital markets to raise cash. they don't need to raise cash. They have a surplus of $150M right now. So what do they care if the pps is at $4 or $20?? How does that affect their operations? It only affects shareholders and traders. But shareholders that can wait should be wiser and just wait. If you are not selling at $8 or $9, then it really doesn't matter what kind of illusion these shorts are creating. We know what we have. Just a matter of time.
Looks like the short volume is increasing even more. Given the daily short volume since Oct 1, I would guess the outstanding short volume is now 80M. That's 38% of all the Float = to all the shares held by institutional investors.
And an increase of 12M short shares from 67M on June 30 to 78.5M. They sold 12M cheap shares to bring it down. This is on top of all the pitch and catch which could be in the 200M shares between June and October. Of course the flip side is also true. There were not enough buyers to soak up the cheap shares. Even now, as it sits at below $5 the institutional investors are just watching. The good news is that the Shorts have not covered. On the contrary, they are in even deeper. If they can't cover at $4.70, at what price will they cover? .
just like most drama, the climax is at the end. Hang in there. The only BK will be jason Karp and his army of crooks. He will own a piece of an island soon - rikers island.
"officer - please arrest all the executives at MannKind and all the bad people on this message board" - they are looking for you right now as you requested