Mallinckrodt Plc (MNKT)

[Renee]

MNKPF changed to MNK. Moved from the OTC to the NYSE AMEX:

https://www.sec.gov/ix?doc=/Archives/edgar/data/1567892/000110465922110774/tm2228778d1_8k.htm

https://otce.finra.org/otce/dailyList?viewType=Deletions

[Enterprising Investor]

Old shareholders were wiped out.

[Toofuzzy]

Your rich !

Somehow I don't think so. Prior share value wiped out.

[makinezmoney]

$MNKPF: now $23 !!!!!!!!!!!!!!!


YAHHHHhooooooooooooooooooooooooooo



This was $1 on Friday Morning last week



GO $MNKPF

[Renee]

Mallinckrodt Plc. NEW shares, new ticker MNKPF. Added to the OTC.

https://otce.finra.org/otce/dailyList?viewType=Additions

[Renee]

MNKKQ/MNK: Bankruptcy PLAN effective. All shares cancelled.

https://otce.finra.org/otce/dailyList?viewType=Deletions

[ohhbeer]

$MNKKQ is worth keeping an eye on. Stock has very good upside potential with a decent short interest over thier 2 year old bankruptcy tease that will never happen.
Seems like the distress signaling was just to keep opioid lawsuits at bay, this was a $200+ stock now under 20 cents and plenty of capital and earnings to support an instant major parabolic climb.

A good hidden gem!

[shurtha2000]

the commons have a shot here

[klimanjaro]

Lets rip this past .60 folks!

[klimanjaro]

First one to post here since January 28th 2021.

[12yearplan]

Bit of a sordid tale;

The bankruptcy process allows companies to shed debt and other liabilities and stay in business.
https://www.cnn.com/2020/10/12/investing/mallinckrodt-bankruptcy/index.html

The Buxton Helmsley Group Announces Sufficient Shareholder Backing to Call Mallinckrodt Meeting of Shareholders, Begin Realigning Board and Management with Shareholder Interests, Renegotiate Restructuring Plan

1 out of 12 Mallinckrodt Directors did not meet the requirement to retain ownership of five times their annual cash retainer in common stock as of the petition date, and far, far before that.
https://finance.yahoo.com/news/buxton-helmsley-group-announces-sufficient-200200706.html

Opioid crisis, hiding money offshore, screw retail, societal push back on elite deviance, plot thicken$, lolz..

Gamestop: 'Failing' firm soars in value as amateurs buy stock:

"Among the many aspects of this story that are strange, what is so unusual is the peculiar vigilante morality of the traders pumping the stock. They seem hell-bent on taking on Wall Street, they seem to hate hedge funds and threads are peppered with insults about 'boomer' money.

"It's a generational fight, redistributive and all about robbing the rich to give to the millennial 'poor'."
https://www.bbc.com/news/business-55817918

Experts say the United States is in the throes of an opioid epidemic. An estimated 10.1 million Americans aged 12 and older misused opioids in 2019, including 9.7 million prescription pain reliever abusers and 745,000 heroin users.
https://www.cnn.com/2017/09/18/health/opioid-crisis-fast-facts/index.html

[herbied47]

Are you still in this? Can it still have some play in it? Rebounded nice from start of year.

[ctcollins]

Huge over sale on MNNKQ today on OCC committee hearing, still at good buy in, if you're looking to pick up shares..

[ctcollins]

Zack's has moved MNKKQ to a 1 ( strong buy ), also they've a $13.79 book value with an .07 P/E. Great long term buy. After New York signs off on deal, stock will have a huge spike. This company has been around since 1867, it's unlikely they're going under, buyout maybe, but not out of business.

[Das88]

It will go quickly down again. These are just mm's....

[ALL-IN888]

Symbol is MNKKQ Up 48% Poping hard!!

[Das88]

Why? Its moving on no news. Its in bankruptcy.

[ALL-IN888]

Will try to go ALL IN @ .14 promise!! LOL

[SC777]

Way oversold geez, and Equity Committee hearing in a couple weeks.

[Das88]

.13 now.lol

[Das88]

Why would you do that? They are in bankruptcy. Those shares will be worthless after they reorganize.

[Pendle Witch]

I am one of the Muppets that bought in at 2 bucks and held. I assumed there is no way they could let it fail as it is the only major vertically integrated fully USA based manufacturer of pain meds (after Purdue went down). Despite pain meds being out of favor they are still needed. We may see a bit of a problem in the healthcare system now.

[Mother Poker]

I AM IN! @ .14

[Das88]

Yup. They are going bankrupt.

[barnyarddog]

Operating Income (1,788,700)
Gross Profit 1,421,400

12/27/2019

https://www.otcmarkets.com/stock/MNK/financials

Mallinckrodt plc has collaboration with Silence Therapeutics plc. The company was founded in 1867 and is based in Dublin, Ireland

Income -2169.20M
Sales 2.92B

[Das88]

They just announced bankruptcy...

[Das88]

.88 now....

[barnyarddog]

1.65

[ourword]

www.shortpandemic.com/ We want only people who own shares to be able to sell them. No naked shorting – no shorting at all! No market maker. We are all tired of shorts and their games and the banks that support them. Let's create some HAVOC and CHAOS for shorts. Consider this call to action – join a group of like-minded investors and be willing to stay the course for a better financial outcome

[ClayTrader]

* * $MNK Video Chart 08-13-2020 * *

Link to Video - click here to watch the technical chart video

[dirtydozen911]

going to add a few thousand to the pile, if this dips under $1.50 again

MNK already settled their part of the opioid nightmare...got some good liver treatments that could get approval any time

$$$$$$$$$$$$$$$ MNK....holding...and adding...gla

[Pendle Witch]

I keep buying this stock and it keeps going down. Their infrastructure is worth more than their company - never mind any IP. I have no idea why they don't just apply to the gov for support to make essential medicines - they at least could actually do it unlike Kodak who has minimal chance of pulling it off. They actually have real GMP manufacturing assets and an organization than could make generic pharma products and actually know how to do it - unlike several who haven't a clue.

[vp_007_99]

What tea leaves, their INO excusivity has ended now anyone can make nitric oxide, most hospitals are switching to cheaper delivery systems.

[ClayTrader]

* * $MNK Video Chart 08-04-2020 * *

Link to Video - click here to watch the technical chart video

[dirtydozen911]

WOW....have quite a bit of this!!......underwater big time!......a couple of liver drugs that are close to submission to F D A could be the saving grace........the opiod nightmare should not be any suprise to anyone


the chapt 11 statement has mm`s attention

going to ride this one into the ground.....still a great company !!

$$$$$$$$$$$$$$$$$ MNK $$$$$$$$$$$$$$....careful..and gla

[ClayTrader]

* * $MNK Video Chart 07-29-2020 * *

Link to Video - click here to watch the technical chart video

[whytestocks]

News: $MNK What Are The Best Penny Stocks To Buy Right Now? 1 Up 122% In July

Are Penny Stocks Worth Your Time? Volume plays a big part in choosing penny stocks to buy . This essentially determines the average trading size of positions investors could take. Lower volume stocks might not attract as big of an investor as high volume penny stocks. For example, when we sa...

Read the whole news MNK - What Are The Best Penny Stocks To Buy Right Now? 1 Up 122% In July

[dirtydozen911]

this make break @2.25 today....time to add......they have a liver drug they bought from ocrx a couple years ago ocrx-oo2.....a live ammonia scavenger...and rids the body of it through kidneys

mostly through stage 3 trials...looks really good....huge pipeline.....have another in stage 3....$50 dollar share price a few years back.......$$$$$$$$$$$$$$$ MALLINCKRODT $$$$$$$$$$$$$$$$$....gla

[dirtydozen911]

have been sitting on a hunk of this for a while...….I like it at $2.50 or under.....time to add …$$$$$$$$$$$$$$…..mnk...gl

[chonrm]

Uptrend in the works after financials tomorrow morning...

[ClayTrader]

* * $MNK Video Chart 04-21-2020 * *

Link to Video - click here to watch the technical chart video

[ClayTrader]

* * $MNK Video Chart 04-09-2020 * *

Link to Video - click here to watch the technical chart video

[EggheadEngineer]

$MNK popping today!

[ClayTrader]

* * $MNK Video Chart 03-24-2020 * *

Link to Video - click here to watch the technical chart video

[ClayTrader]

* * $MNK Video Chart 03-23-2020 * *

Link to Video - click here to watch the technical chart video

[BBANBOB]

PLus ya have a MAJOR gap created last week as well!!!!!!!

For me that is my re-entry

[ClayTrader]

* * $MNK Video Chart 03-20-2020 * *

Link to Video - click here to watch the technical chart video

[ClayTrader]

* * $MNK Video Chart 03-19-2020 * *

Link to Video - click here to watch the technical chart video

[VegasMcKnight]

Just pulled over 8k on the drop people! Play the drops on shorts!

[VegasMcKnight]

Playing on the dip right here. Good price and very short term.