I am loosing .34 on my morning purchase
Not happy but hoping that we get a rally into the close for a deal on Monday
Al is not a stupid Guy. The product got over the questionable hurdle of approval and will have no real bad indications for use on the label by having great clinical results . Patients who use this drug feel so much beeter as demonstrated at ADCOM This is a transformational and disruptive product. So many companies can lose substantial revenue with this product.
This product would have been approved 2 years ago if they did not try to side step the FDA rules with the inhaler.
I would like you to think with the glass half full and that now with all the issues behind us we have every CEO of every diabetic division of Big Pharma a bit nervous of the revenue that they will now loose if they do not get the deal. The problem just might be buyout vrs. Partnership
That may be why the SEC supplement separating technosperes into a separate company .
Think about it
I bought more at 8.78 this morning
You are wrong the fileing that they made is just a reconformation that they are a 10% or more owner of the company and Sec requires that they file a new form
They are not selling
Delphi is one of the smartest and best investment groups on Sand Hill in Palo Alto
I guess we shall see if they are correct
But you should look up what SEC documents are all about
Guys yesterday was a well coordinated plan by short hedge funds to lower the price of this stock. They did a pretty good job but not as good as they done have before.There will be more selling preassure for weak hands today. But at the end of the day it will rise for people fearing a deal will be announced on Monday morning
You have to understand they are in deep trouble and must know that there days are few before a partnership or buyout is announced.
I do not post here very often but I must admit that I thought we would have had a partnership over the July 4th weekend. Now I think it will be shortly before or at the time of earnings which is around the corner thus the raid yesterday.
The key point is that the hedge funds are going to try to keep this down until the patient decides if Afrezza works and the Sales and profits are generated.
Until then no Partnership is going to be acceptable and we will hear how the biggest Pharma companies are just going to try to bury the product.or not going to do a great job and so on.
The only thing that prevents this is a buyout.
Just make sure you take the opportunity to buy when there is fear and sell or hold when there is joy and you will be rewarded because the drug works and Al Mann is no fool.
This is just some of the loose ends that need to be cleaned up before the partnership is announced
It does allow them to repurchase the notes also
I am sure it is close
This morning I saw a news release on Yahoo from a news story from a WRKP news stating that the CFO dumped 20000 shares on JULY 1st and then proceeded to write about all the analyst downgrades that the stock has received?
Is Yahoo finally being fair to MNKD
I thought was an abusive story to the company and share holders alike and should have never been posted.