To both of you, why would it be relevant ever?
Energy Fuels receives about $400k in illiquid stock in the company that acquires these assets and EF receives even less in cash.
Carmine is completely oblivious.
UUUU now under $2. CCJ nearing new multi-year lows.
Black Friday sale likely to be extended .... indefinitely.
Remember PQ, a stock I asked about some time back. Getting slaughtered due to energy prices and tax loss selling. F'in unbelievable. Glad I stayed away.
Thread messy, so I will interject here.
The current downside pressure will be short-lived and is almost exclusively related to tax-loss selling. That being said, there has been even more pressure in the energy sector which is adding to this downside bias.
Although I hold no position, I recently posted on the URG board that I thought that UUUU could go below $2 and it would be a very good value at that price. Difficult to determine how much lower it can go and just as difficult to determine where it will stabilize after it bounces.
Timing is everything. The ability to buy at $1.80 (assuming it gets there) creates an incredible short-term opportunity as a bounce to $2.70+ is feasible. That is a 50% move. Look at the 3 month chart. Very possible it tests that $2.75 area of resistance after tax loss selling has abated and there is any bounce in energy prices.
PQ has now been added to the dollar menu. Shares can now be ordered for $1 each. What a disgrace.
Energy sector is taking another leg down due to tax loss selling. I anticipate this could last for two to three more weeks. There will be some great opportunities if you can pick the right ones. Notice certain players bounce back hard with any positive momentum. OAS is a good example. Can pop 50% on any minor positive sentiment. Not necessarily suggesting this particular stock. There are at least 100 to evaluate and consider.
Definitely tax loss selling. Look at the downward pressure on many stocks that are at or near their lows - they are getting beaten down right now. Thinking there will be some very good buys out there in about two weeks.
I also agree that it has crept forward (or backward depending on how you view it.) Same is happening with Black Friday. Now, retailers are trying to beat each other by offering all these early deals. Pretty soon, it will be become Halloween Holiday Deals with the big sales coming on the day after Halloween. It has gotten ridiculous and getting worse. I will not participate in going out to retailers on Thanksgiving. No employee should be forced to work on this day.
I hope you are kidding too.
If the poster that started this thread and this response are the "typical" investor in MannKind, no wonder you are all losing money here.
It was less than 14mm shares and those shares were printed at MannKind - LOL
"Where did they get the 40 million shares sold today(?)" I really hope you are kidding.
DNN and URG are likely going to be pressured further downward from tax loss selling. Obviously, the energy sector is not helping. DNN will have additional pain from the below $1 notice that will surely be coming around late December. URG, on the other hand, has been above $1 much more recently and has quite a bit more time for things to turn around. Would not hold my breath, however. A reverse split is still possible, but well over a year down the road for URG. DNN shareholders will likely have to endure an RS by fall of next year. Can either or both get back above $1 before that time???
As for DNN, I suspect that they tried to work a deal with Fission to revalue the stock upon the merger completion thus avoiding a delisting notice and a reverse split that would go with it plus get at Fission's capital. Too bad for DNN that FCUUF voted down the deal. They probably should have sweetened the deal. With the sector so beaten down now, it may be more difficult now because DNN is not in a strong financial position. FCUUF does not need DNN.
Energy Fuels made a great move bringing in URZ and the stock is becoming a very good value as the PPS keeps heading south. If I was to buy anything in the sector for a 5 year return, it would probably be EF. If the sector does not recover anytime soon, EF may be had even lower - maybe under $2. Timing is everything.
Do not see why he would throw any more money at MannKind. He would be much better off buying into company after reorganization. Heck, he may already have his attorneys evaluating this type of scenario.
Took time to read and evaluate what AF reported about the MannKind capital raise on TASE and the issues with their weak cash position. Not a good situation for investors at all.
Risk of Sanofi deal collapsing will also weigh on the stock.
Not a time to be buying or adding in my opinion. Could get much uglier.
Not fair to speak logically on this board!
If they issue one stating that the TASE funding has reached a roadblock and is either cancelled or may be cancelled, this is going to sink the stock much lower. The uncertainty of MNKD raising funds otherwise is going to create even greater unrest. PPS = $1.50-1.60???
If they issue one stating that they have no information about any issues, it will at least provide some short-term support for share price. Still, the share offering based at such a low share price including 3% discount and fees is going to generate less cash than what was expected and continue to level more questions than answers. PPS = $2.10???
Did you say buyout? LOL Kevinmik must have a buyout tattoo on his forehead!
You hate management, but think they have this impressive plan to find a buyer and even use this leverage against Sanofi?
You must be hanging out with Kevinmik. When is his next anticipated buyout announcement date?
OPC - Big thumbs up for that one.
We are talking some serious dilution at multi-year lows. This really stinks.
If Mann was so committed to protecting the value of his investment, he could easily have thrown $100mm at MannKind as a loan. Could have even committed another $100mm credit line. No dilution. This would have been the ticket to a higher share price and would have caused a short-term squeeze.
I am tired of all those saying they will sell when Mann does. I get a kick out of that one.
Lorenzo - you are fooling yourself if you think that DXM creditors will allow $1 billion to be converted to equity. Equity will immediately lose value upon trading. To think market cap could jump to $3.4 billion is insane. Hard to even see current common equity being giving 1 or 2% in any situation. Even so, likely you would have an emerging market cap of $200mm. 1-2% of that equates to $2-4mm for old common if saved which is less than where it currently trades.
Just to see a valuation for current common equity of more than current PPS of .25, you first need the shares to be saved in the bankruptcy. Then, you need to get something like 5% of the new shares. Last, you need the conversion to result in at least a market cap of $100mm just to see any appreciation. ($100mm x 5% = $5mm valuation for old common)
Hard to believe there is any scenario remaining whereby equity is worth more than it is trading today. On the other hand, equity is likely worthless which is the point Seanoise has been trying to make.
Likely, any investor holding common shares will lose everything upon share cancellation. Too risky even to make a speculative play here. BK announcement could come any day now and it is going to include a statement that "likely, current equity will not receive any part of the reorganized company."