of how someone can purchase 267k shares of a stock, 1 minute after the market closes, at a 5% discount to the day's closing share price and then have the share price immediately revert back to original closing price.
Problem is, "they" can't parse the share price into four decimals above $1!
Figure out how the share price can be dropped .025 on a 15k share block, on a 7 million share day, on the very last trade of the day, and you will discover the answer to your own question.
Cool part is that they will just start booking the revenue and blow out earnings!
This is "yuuuuuge"!
Did Hamburg approve that drug as well so her husband could rake in profits?
Could someone on the inside be purposely sabotaging MNKD? Let's see, who would be in best position to perpetrate such a thing? What about the board? Could money be changing hands behind the scenes to make Afrezza disappear from the market place? These are the kind of speculations that seem far-fetched as they happen and so obvious after the fact.
Once the offering is completed, what do you suppose the owners of those shine new shares and warrants will be doing to hedge their new investment?
That's right! They will short EVERY share. Anyone who has been through this type of financing knows that this is how you play the game. It makes perfect sense.
Does that spell doom and gloom for us longs? Well, time will tell.
In the meantime, if there are no other infusions of cash, without dilution and give the farm away financing strategies, it will be a slow spiral.
Are we to believe that, despite all the missteps of the past 10 years, that suddenly this management team can turn into a pharma power house?
Afrezza is a miracle drug, for sure. Unfortunately, we need more than one miracle.