Welcome To The Mannkind HUB On AGORACOM

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Message: The good news is...

No,I'm sure he'll come up with something,let's just hope it's not dilutive again.We never did hear how much he got from the Stellar Microelectronics deal .Maybe,one day, we'll hear some good news from that.

http://www.sfvbj.com/news/2012/mar/13/valencia-electronics-manufacturer-acquired-singapo/

Although on the earnings call,he never did actually commit to that either.

"Last year in response to a question about my willingness to continue to invest in MannKind, I gave an answer that was based on the liquidity of my portfolio. That remark was misconstrued by some as an unwillingness on my part to put more money into MannKind. Nothing could be further from the truth. I'm selling off some of my other ventures. One such sale was closed just last month. However, I don't want MannKind financing strategy to rest solely at my exits from other ventures.

As Matt described, MannKind did place an equity offering in February that netted us about $80 million as a bridge while we work to put in place additional financing that should fund our capital needs through this critical period. We are continuing to pursue and evaluate some potentially non-dilutive and minimally dilutive financings in order to preserve shareholder value. It is wise that I not comment further on these opportunities until we can make a definitive report. "

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