MannKind Corp. (MNKD)

[parkourstar]

If the deals had any value, MNKD would have waited until AFTER they were signed to do a secondary. Ditto for the value of the STAT results.

No, doing the secondary before the meeting was a clear indication of the desperate financial straits of MNKD. There's a reason why Deerfield demands 25 million in cash on the balance sheet at the end of every quarter.

And, of course, you saw the warm reception MNKD got today after the presentation -- down almost another 6%.

No, all that's happening now is watching the turd swirl as it gets flushed down the PIPE toilet.