Hakam and Matt are following Abraham Lincoln's advice : "Better to remain silent and be thought a fool than to speak and to remove all doubt."
That's fine iff you don't mind the corresponding decrease in share price. I think its idiotic to enable the shorts by loaning them shares which the then sell (to you??) and then bash.
When Afrezza was approved MNKD had insufficient production that was capable of supporting only a very limited market. Even now production is badly lacking. Where will the product come from if the vast market for Afrezza pans out?
A "sweet young thing" approaches a man at a roulette table. She says "I have this $1000 chip and wish to play a single number. Could you help me?" He says "Why not just play your age". So she plays 26. They spin the wheel, 34 comes up and the lady faints.
I'm long but getting frustrated with constant promises, promises ALWAYS "on the brink" Wake me up when any of this happens.
More truth than poetry in this post. Nevertheless, it is poetic.
It's not free money. A t 50% interest on a price of $6/share, the short only has to make 1.5 CENTS a day to cover his costs.
The short position is nothing but a vastly overcrowded trade just waiting io implode like all overcrowded positions. If longs would just stop loaning out their shares. the tipping point will come and we will have the mother of all short squeezes.
The shorting of MNKD is not your typical shorting for a few bucks, it is, instead, aimed at total destruction of MNKD and Afrezza at almost any cost. Now who would benefit most if the shorts succeeded in destroying Afrezza?
If the last 12 highly anticipated conference calls are examples, I would not expect much from these dullards called management.