Sign in to follow this  
Followers 0

Mannkind Set to Increase Authorized Share Count


Relmor
  • By Relmor Demitrius

    Mannkind Corp. (NASDAQ:MNKD) has issued a proxy to stockholders asking them for permission to increase their authorized share count from 350 million to 550 million shares.

    Currently, they have 150 million authorized shares remaining currently. Mannkind would like to have 350 million shares available to them. This could indicate more dilution is coming or it could just be arming their warchest in case their is a long delay getting approval for AFREEZA, their inhaleable insulin drug currently in trials.

Mannkind Corp. (NASDAQ:MNKD) has issued a proxy to stockholders asking them for permission to increase their authorized share count from 350 million to 550 million shares.

Currently, they have 150 million authorized shares remaining currently. Mannkind would like to have 350 million shares available to them. This could indicate more dilution is coming or it could just be arming their warchest in case their is a long delay getting approval for AFREEZA, their inhaleable insulin drug currently in trials.

I don't think it indicates bad news, just something companies do in case they need to sell shares quickly. With the share price not what it once was, the need to increase their count could be simple mechanics. As the stock price goes lower, more share would be needed to generate similar capital from let's say 2 or 3 years ago. Raising 200 million dollars would require a lot more shares today than in the past.

This could present a buying opportunity coming up. It appears to not have hit the main stream news as of yet.

0


  Report Article
Sign in to follow this  
Followers 0


User Feedback


There are no comments to display.



Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now

 

 

 

  • Member Statistics

    717
    Total Members
    634
    Most Online
    GlenVerner
    Newest Member
    GlenVerner
    Joined


  • Featured Ad
  • Recent Status Updates

    • Rick

      Server Side and Software Upgrades - January 2017 https://t.co/bEabYfqYaG
      · 0 replies
    • theRASPYone

      USD/ EURO
      http://www.marketwatch.com/story/the-dollar-is-closing-in-on-parity-with-the-euroat-long-last-2016-12-15
      I was looking to post this in a forum in regard to Forex, which is something I wish I knew more about, because I feel it influences the overall markets, and I am only slowly learning about the subject. This article was really interesting, and it's a sign of the times to what may eventually be a market crash. The system is the same as it was before the housing crash. The market is just being blown back up. Since these currencies are traded and can be exchanged for one another, is that not a global currency essentially? If you got American $, your set anywhere you go for the most part. Everyone points to the US debt as a huge problem, and it sure is! But the dirtiest currency will fall first, and the European countries got it rough. They live in the shadow of the american dollar and get the short end of the stick. Watching the Euro will likely foretell the complete and bitter end of this astonishing Bull market, which might take a break and continue still for some years. Just and idea! 
      · 0 replies
    • Lacie  »  Rick

      Hi Rick,
      I am so excited that kingofalltrades.com is back up! I have checked back over the years, but there was no activity. Anyway, I am happy to be back and am excited to be in contact with you!! 
      ~Lacie
      · 1 reply
    • Lacie  »  Relmor

      Hi Relmor,
      So sorry, I have not responded till now. I have been crazy busy at work and have not had much free time! I was so excited that you all are back online. As I told you in my brief post, over the years I have gone to Kingofalltrades.com to see if anyone was around but there was nothing going on.
      Anyway, I wanted to touch base with you ~ right now I have to turn in. I have to be up at 3:45am for work! Talk to you later! Have a nice day!!
      ~Lacie
       
      · 0 replies
    • Rick

      New Membership Tiers Explained https://t.co/Z29yjcb4Gp
      · 0 replies