Re: Something To Think About
1) Mike incahoots with the note holders and they wanted to short the stock back down and mak more money on the downside.
2) MNKD wants that 2.9% interest rate on $230M in debt until maturity which eliminates any more dilution, while the executive team can accumulate more shares & options at lower prices.
What we need is a big institution or investor like Carl Icahn or Nelson Peltz to accumulate force a squeeze gain access to a few board seats, so changes can be made. MNKD would be a great target for one of these big investors or even a large hedge fund. 10-20 million share buy would only be $50-$100M which is nothing for some of these players with little risk with the growth that is projected and almost guaranteed. You need a catalyst outside of Tyvaso DPI.
Big companies move up because of share buy backs, but doubt that will happen with MNKD. They would need at least $50M and again they are in bed with their financiers.