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Re: no shorts post# 24282

Friday, 06/23/2017 5:56:57 PM

Friday, June 23, 2017 5:56:57 PM

Post# of 32010
risingskepticism
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"In my opinion, the next few weeks are critical."???
No, the whole next YEAR is CRITICAL. Mannkind has to come up with a TOTAL amount of CASH in excess of 165 MILLION dollars between now and August 15 of next year in order to meet company expenses AND repay the DEBT that is coming due before then.
As of today they have roughly 22 million and MAYBE have 30 mil more via the Mann Group credit line. My own analysis leads me to believe that the Mann Group credit line may be spurious.
Still, even in the BEST case scenario, they need an additional 113 million bucks. Figure that amounts to selling probably around 800,000 boxes by August of next year, or about 13,000 boxes a WEEK starting THIS week.
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