Wait. He seemed to be fairly confident and did mention that the finances would be discussed in the earnings CC in May.
A Fact that shorty keeps forgetting is that you couldn't buy 150MM MNKD shares at the current market price, UNLESS they were 150MM counterfeit naked shorts. A direct sale is the only way to legitimately buy 150MM at a fair price. In a LEGAL market, without naked shorting, a 150MM share market bid would drive the pps well beyond $4. Sounds reasonable to me.
Not 500MM shares. $500MM in stock, stock equivalents and convertibles to be issued at a later date at market or negotiated price, if ever.
Not all boilerplate is standard. You need to see what options are open. This is excellent language. Of course you need to wait for the first supplement to see specifically what is going to happen.
Consolidation, Merger or Sale
Unless we provide otherwise in the prospectus supplement applicable to a particular series of debt securities, the indenture will not contain any covenant that
restricts our ability to merge or consolidate, or sell, convey, transfer or otherwise dispose of our assets as an entirety or substantially as an entirety. However, any
successor to or acquirer of such assets (other than a subsidiary of ours) must assume all of our obligations under the indenture or the debt securities, as appropriate.
PLAN OF DISTRIBUTION
We may sell our securities covered by this prospectus in any of three ways (or in any combination): • to or through underwriters or dealers; • directly to one or more purchasers; or • through agents.
We may distribute the securities: • from time to time in one or more transactions at a fixed price or prices, which may be changed from time to time; • at market prices prevailing at the time of sale; • at prices related to the prevailing market prices; or • at negotiated prices.
Each time we offer and sell securities covered by this prospectus, we will provide a prospectus supplement or supplements that will describe the method of
distribution and set forth the terms of the offering, including: • the name or names of any underwriters, dealers or agents; • the amounts of securities underwritten or purchased by each of them; • the purchase price of securities and the proceeds we will receive from the sale; • any over-allotment options under which underwriters may purchase additional securities from us; • any underwriting discounts or commissions or agency fees and other items constituting underwriters’ or agents’ compensation; • the public offering price of the securities; • any discounts, commissions or concessions allowed or reallowed or paid to dealers; and
• any securities exchange or market on which the securities may be listed.
It should total out to about $150K/rep or about $32MM/yr. They have the money.
Guarantee that Matt has been working his #$%$ off to launch Afrezza and TS, maximize SH value, and destroy the shorts. I have always believed he knows what he is doing. It takes time to put these deals together and I'm sure that is exactly what is going on. Something huge is about to happen. Can't wait for the market at large to want to participate. Perfect storm.
It looks like some huge asks are being gobbled up. They may either run out of steam or have to go all in. Someone is buying with confidence.
I will say that I took the comment to mean that it was consistent eith a very large player working out an acqisition or licensing deal and not wanting to alert the market or sector competitors in any way that would affect price or timeline.
I posted yesterday that a friend in M&A told me that the RLS information blackout looks like a real "stealth" deal. It does not show up in my posts today.