TRADING BIO

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Author’s reply » Planbee,
IF MannKind paid out $50 million in order to address this debt issue, that could be the final nail in this bloated valuation for MNKD.

They had $107 million in cash at the end of the last Q. If they paid out $50 million that leaves $57 million, now less the same burn rate of last Q being $28 million that leaves $28 million--but then there is a loan convenient that requires MNKD to have on hand at all times $25 million that leaves a whopping $3 million dollars that isn't encumbered.

So basically now that we are two weeks into the four Q, MannKind is out of operating cash.