Al won't lend more Re: How about a few guesses as to the terms of the offering?
in response to
by
posted on
Oct 18, 2012 12:21PM
Edit this title from the Fast Facts Section
I think this idea had been raised before that Al will lend more because he converted old debt to shares.
That was not true before and I don't believe it is true now.
All they got is 80 million minus underwriting costs from this financing. Don't expect warrants get exercised unless share prices increases above 2.6 by next October. So they can't count on that money before they run out of cash again next June.
The so-called ideas of debt raising and partnership are just fantasy in the MNKD land.
All we got is dilution.