Check Sierra Equity's track record. They are a Pump and Dump website. I have Not seen them get it right Once
A reverse split and massive dilution is the Only solution Whether a partner jumps on aboard or not the company has to give away tremendous equity. If they sell the co in its current cash burning situation no one would pay more than 3 or 4 times 2015 estimated revenues at best(.66 best case). Nothing left here.
exactly, they sold cause they know in the END its worthless
Well if a private equity firm can take control for only 25- 30 million I guess we now know what the current equity is worth. Less than where it is trading now! Based on your metrics!
and that's a 12 month target! Punch it out! game is over
Don't be fooled by this liar. The reverse should be anther massive 50% dilution easy
jtrsteel, seems like this management team is up the creek. they have no plan to solve the funding gap and they cant avoid a reverse split by March 18th without a sale. We all know they wont sell cause they don't want to lose their jobs and the laurie investment morons would rather suffer more dilution then take a loss and end the game. Probably why the two management position were vacated last week. Jeffries has nothing positive brewing or it would have been announced by now with NSPH facing delisting march 18th. Nothing really left here. eNJOY!
kevin, one thing you aint is patient, but then again how do you even have any free time with all your time spent searching and posting old information about MNKD. That's all you do
when will they figure out how to fund the business??
wouldn't be the first time. JPM did it when they bought bear sterns. Its ok to insider trade when you are directly involved in the bidding! LOL. Ackman ring a bell?
and hows that if they are selling all their assets?