well our williness to loan the shares somewhat aids the effort. I am not condemning this action. I likely would do the same. Merrill is over %19 last i checked.
The price action is now completely disconnected to reality. OR is it. The willingness to continue to short to prevent options from being exercised seems to be a desperate tactic.
Just keep collection that 20% loan rate. I may start doing the same. It is a huge amount of money.
Close used to only count in horseshoes, and grenades, We will add script guesses as well.
Money still get tied up while the process takes place. I have insurance and many times lessees bo bankrupt and collecting takes forever and usually only a portion of what was owed. best on you decision
I am very interested as well. My associates, all retail, own a lot of stock and don't trade. I was told and advised not to lend the shares because the little guys get burned and put in the back burner when it comes to collections ect. in the event of forced liquidation.
Agreed as to retailers. I have spoken to some that see risk in the lending program as it sits and are looking to close the income vehicle down soon. Larger than retail but not sure how for reaching. I am simply trying to extract info from my small samplings of deeper pockets and I will react accordingly.
Want to add some understanding as to why the interest rates become less attractive. We reach a point where the stock decline begins to affect portfolio value and our own borrowing. The second balance is as the stock declines the income for loaning goes down as well. Once that point is reached along with other risk metrics the stock will begin to be pulled for the pool of shares to be loaned. I think this is soon approaching. Perhaps a few more months here or a buck lower. But it is soon to change.
Full disclosure. I choose not to participate in this process.
There is coming a time when folks will not loan out stock. It will begin slow at first. As to let the rates increase on remaining loaned shares. then ti will simply not be worth the risk of not getting the stock back or tied up in several small time bankruptcies so the lending will further dry up. Followed by other catalysts to increase the share price in sales and milestones.
Additionally an LLC is not a non profit. Shady and underhanded in its presentation of sincerity. Follow the actual users and common sense.
The adoption is one that will take time. First it needs to be advertised. The product is already selling without only word of mouth. The other factor is SNY needs to retain a traditional option to retain its patient base. This is where trojeo comes to play. It keeps people in the SNY Ecosytem I believe the injection will soon be the backstop to the main product of afrezza. This have a way too many people against it and there have been a huge push to retain scripts from other pharma companies.
The partnership is one to maximize the sale of the the product to bp. MNKD will be essentially a licensing company. We will see this once afrezza is sold. The product will be sold and owned by an outside source and the delivery will be licensed.
Value here. We know of $900 million from SNY. Assests and expense carry forward. of 1.5 billion. We are about at $.75 on the dollar now.
I am amazed how easily folks let the price influence reality.
The selling is taking huge blocks of sale to be less and less effective to lower the price and it is not because there is any info out that it is a sell on news. Long buyers and long term holders need to turn off the noise. This is at least several months away. more to come.....
Roberta told me to e-mail him as he is traveling. I was called by several angry( disappointed ) clients that I consult. I needed to get some info and calm the natives. What did he say?
good to see you posting Charles.
likely under 4.50 by may 15th. Then over 4.50 and under 5 for several month duration. keep in mind I am terrible at calling stock bottoms. I am quite successful in long term investing.
First, one needs to finds shares to borrow. They are scarce thus the 30% interest rate. So under $5 I do know some firms will not allow shorting.
I am personally of the mindset we will see under 4.50 by may 15th. There are a huge number of outstanding options outstanding. I have an A**Load of cash wait if this erodes under this price point.