If we hit 2000 NRX per week, MNKD will go nuts.
We only need to last long enough to show Afrezza is viable. That's 3-6 months. If the SP goes above $1.50, another $75 million from the warrants will be enough to last us into 2017. But if sales go up, we'll be sold before then.
Going alone is a bluff for leverage in negotiating a better deal and at least show this is a viable drug. If sales can increase materially by Q4, this company will be sold.
I almost hope you are a fake doctor because I'd hate to think about such a mentally deranged person giving medical care.
Add me to the chorus. If anything positive is announced or going to be at ADA, expect a buyout beforehand or shortly after. Won't be for much, though.
Going from bad to worse.
I've never seen a company so inept at the basic "blocking and tackling" of corporate governance. How could he not have had the paperwork done in time for a conference call, only to be ready an hour later? That's gross incompetence, and good intentions and trying hard don't make it better. Thank God Matt hired Castagna, a real professional, to market this drug. Because Matt is an incompetent CEO.
If it hits $1.50, which is just .20 higher than where it closed, the effective dilution price is $1.28, give or take. That's just 2 cents off the close. I hate being lied to and never trusted Matt and now I trust him even less if that's possible, but at least we can make it to see if Afrezza is a marketable drug or not.
I disagree with almost everything mgmt does, but if the warrants are exercised, it will raise $120 million in total and that's enough to take us comfortably into 2017. That is plenty of time turn sales around. With imminent BK off the table, the shorts may fall throw in the towel. Remember: markets don't bottom on good news.
Why would the deal fall-through between the CC and the PR an hour later?
The EV is $800 million. A 25% interest is worth $200 million.
His plan should be to sell a 25% interest in the company for $200 million. That would give us enough capital to make the plan work and still leave us the lion's share of the profit. I don't understand why he's holding out for the best deal when at this point ANY DEAL is better the status quo.
Oil is pointing to $68, however, and WLL should be more than $23 if that happened. Maybe we get back to mid-$30's in that case.
I've been watching the technicals for a while and the inverse head and shoulders points to $17, just like you say. There's also an upward bullish wedge pattern targeting $23. I may take profits there. I bought 2X at $6, but I am underwater some shares too.
He was negotiating a settlement and didn't want to poison the well. The problem is, the JV agreement shut MNKD's ability to sue for damages. It was an idiotic contract. I would sue the lawyers who drafted it, but SNY is safe, unfortunately.