.125 in austrailian is .1 in USD so $2.5 is what they are offering.
We will see a 20% discount I belive
I hope that's maximum pain, however do you think they will discount?
Normally a biotech when they offer share dilutions, they discount about 20% at that rat eit translates to about $0.095 aussie or $0.07 x25 would mean $1.75 or $1.8
Trading Biotechs From His Bedroom Nate Pile Beats The Street
This story appears in the December 29, 2014 issue of Forbes.
Ten-Year Average Return: 17.6% Top Pick: MannKind MNKD +2.23%
Best Idea: Pile likes biopharmaceutical MannKind of Valencia, Calif., trading $3 below the level at which he first recommended it. In June the company finally received FDA approval for an inhaled diabetes treatment called Afrezza, but the stock is still down 60% from its 2004 IPO. Pile says many investors lost hope after Pfizer PFE +0.44% pulled a similar drug from pharmacies because of weak sales. Yet he points to two crucial differences: Pfizer’s product was the size of a liter bottle and MannKind’s the size of a lifeguard’s whistle. More important, Afrezza works faster, thus giving patients more control.
so someone posted real early today that there were 200000 shares available for shorting through interactive brokers. When I checked this am the number was 55000.
So someone BORROWED 145000 shares and is shorting right now in hoped of COVERING!
Guess what??? I am NOT SELLING!
A groovy conspiracy theory:
1. What if the "flash crash" today was a friendly?
2. Cause the short circuit, leading to no shorting on MONDAY
3. Mannkind shells out the BOMB on TUESDAY at the conference?
ooo i likeeee!!
I would rather they stay silent. That's the way to go!
3.1M targeted patients + additional studies + rest of world + working with FDA to get enhanced labeling + Technosphere + 700 million more in milestone payments + 35% perpetual profits +82.5M shorts (that need to cover soon)
Please.. the longer they stay silent, the more rewarding it is for us and the longer it takes these wall street fools to realize that there really is something to this company. Go MNKD!
I sincerely expect these kind of raids to happen more frequently as we get closer to launch!
PLEASE fellow longs, don't use stop losses. They are getting desperate and are stealing your shares when you put a STOP LOSS!!
non stop, even on light days such as today. All algorithms, No humans.
You short, you buy back you short you buy back . Been going on for months now.