I am just being realistic here. MNKD is unwilling to partner for a small percentage of revenue so it will raise funds through selling new shares. There is no question about it. Unless Al can raise a 200 million in new debt, I don't see how they can avoid further increases in share count. This year they had tried but failed to raise new debt.

If MNKD can issue new long term debt, the share price will certainly go up a lot.