The time between trades and volume are both increasing vs.earlier this week. A Storm is brewing. Look for that large volume spike and then we are off to the races. I suspect we will dip into the double digits then see the volume spike.
After reading your summary and "Capitalizing" the plurals below, I'm thinking there will be more then one partner.
.... working on this for many, many months with these SAME PARTNER(S) and working towards an agreement and are anxious to get this done, probably because we all like to get it done sooner so we can get it on the market quicker and probably because they are completely success based in their fees.
...the final partnering CANDIDATE(S) will await for the final label and have a few things to want to hash over with us. So could it be days after approval? Yes, it could. Could it be months after? It could be that too.
How quickly this board forgets. This stock did the same thing 6 months ago when it was in the 4.50 to 5.50 range. It hung out for a while, had a huge sudden dip, then skyrocketed to 11 per share. Just take a look at the 6 month chart. Wait for the big sudden dip, buy more and then watch it shoot from 9 to 15 plus.
By being quiet management is doing you a favor. If you had been a good steward of your money you would have cash on hand and buy more at these prices. If management would have been loud the price would not have dropped this low. Take advantage of it my friend and remember STAY Thirsty!
Schwab has been buying more shares themselves and IMO do not want to compete with their clients and pay a higher price. Just check inst. holdings to confirm. They are also not listing MNKD as a buy at their research site yet they were buying many shares last quarter themselves.
There are a lot of millionaires out there that did just that. Colton you have to have nerves of steel which you do not. I for one find it is just that easy.
I disagree. AL is an asset. The higher ups can use Al's experience. When Al meets with the top managers of BP's the top BP managers know it's not their money, it's the companies. We have seen time and time again is large corporations with govt. bail outs, golden parachutes excessive compensations to top CEO's and the list goes on and on. Think about it, the top CEO's want the fame a blockbuster will bring so they can brag about it's success. So in the event they should move on from their company they take that success with them on their resume.
Colton what happened to you early June statement that you were going to only buy if they got approval. Here is a cut and paste of your own quote:
I hold no position. I am waiting on the sidelines waiting for FDA decision. If by chance they do get a favorable decision I will then buy on the "sell on the news" event. But as of now there is too much downside risk. A denial at this point will likely result in pink sheets for mnkd.
Why don't you try talking to Al and see if he would give the money to you as a gift and you could buy the shares and then send the shorts running.
The goal of every large firm is to make money and if you can manipulate the price then you have a better chance of making money. IMO there is manipulation going on every day in every stock and why would that surprise anyone? The way to make money in the market is to expect manipulation and then profit from it if your hunch is right.
You also forgot :
1)It does not have to be refrigerated.
2)With the FDA approval behind it, the overhanging risk is now gone.
3)A partnership or buyout of any kind will drive it much higher.
4)European approval much, much, much more likely after glowing ADCOM and FDA approval.
5)Deerfield milestone met with FDA approval.
6)A Mann still has not sold his shares.
7)High short interest will continue to drive price higher.
8)Negative spin articles and Cramer still trying to hold the price down.
9)Approval for Pediatrics represents an addition source of income when it happens a couple years down the road.
Give this some thought, from January through April of this year we we sitting around 5 to 5 and 1/2 bucks per share. Now we are at 10 and 1/2 almost double. Now take the average volume recently at 10 to 11 million per day over the last couple of months at current prices and that would equate to an average of 20 million shares per day at April's prices. So can you imagine back in April if we were averaging 20 million shares per day we would be going crazy!
Yes, but no one is factoring in price for the other uses of technosphere with pain meds and many other avenues. It will be much, much higher then from Afrezza alone.