Gosh, it's nice to have some fire power in the financial press/blogosphere to retaliate against the kind of stuff that went down yesterday. While George is clearly a MNKD fan, his article is generally objective, and as we've known all along, it is not too hard to debunk most of the negative stuff out there about MNKD, but it is much more difficult for Agoracom posters to get that word out, what with our limited audience (not to mention the problem of preaching to the choir)!

Lia, I don't really know what to make of early warrant exercise; I tried to listen to the WF presentation last night, got half way through and it cut off and wouldn't get past a certain point for me. What I did hear was Matt doing a much better job than I thought he would, so I was pleased with that.

It might be Al or affiliates of Al that exercised, but I don't think MNKD needs the liquidity this minute. It could have been done merely to be able to say it was done, thus providing further evidence of confidence by those presumably closest to the company. Another reason that comes to mind, but is a clear longshot, is with some brokerages, you need to own the stock in order to sell covered calls, and just having the warrants won't cut it (TD Ameritrade for one, while Fidelity allows it). Selling calls on a portion of one's holdings out in the September - November area at a pretty high strike price, like $13 or so, is real money, and a decent hedge.

I sold some July 5's puts yesterday, noted one of the comments after Rho's article talked about selling August puts - nice price for August puts, but lots of extra risk as the results may be out before August expiry - that's gonna be close.

I have to say, I have never had such a small negative reaction at seeing such a LARGE red number associated with my portfolio as I did yesterday! Sure hope we're all right on this.