I am long but this article was written by an amateur and has little of substance. Where does SA get these people.
If I am not mistaken the cost has been written off. Longs please correct me if I am wrong. Also, last we heard was that the insulin was in storage but we have not been informed whether or not the insulin will be used. Bottom line - no downside if not used, all upside if used.
If you read the company's own press release you'll see it was for a manufacturing milestone. If I were to guess, I'd guess that whomever put together the slide mixed the $75MM and $50MM payments up.
So why don't you tell us what we should be talking about professor. You make a claim about us dumb people and then don't back it up with facts. By the way, which prison group do you teach for?
What's sad about this is that Motley Fool's premium service Supernova, which I subscribe to for ideas, has produced incredible gains that have significantly outperformed the market over the past few years. These types of ill-informed blogs, which I suspect they don't monitor well, have hurt their credibility imo. Based on ultron's summary (I refuse to click on the piece), I suspect this blogger was placed by a short hedge fund. I have no proof - just a guess. It wouldn't surprise me if a lot of short side bloggers have been peppered about to the various blogs by large hedge funds. For what it's worth, I recently attended an event held by the Supernova service and spoke to one of their analysts about MannKind. I doubt anything will come of it right now given the stage the company is at, but hopefully it is on their radar.
If you look at a 6 year (post crash) chart, there is a huge reverse head and shoulders. The right shoulder appears to be consolidating.
At least he identifies himself. He appears legit (has a LinkedIn profile) but looks very young. What the heck, he's bullish. So what if he's young.
You are absolved. Just say 3 Hail Mary's and 2 Lord's Prayers.