Mr BSG

Mannkind: Overlooked Biotech With Excellent Prospects (Part IV)

That $350 Million has to be paid back and the only option MNKD will ever have is to issue stock. Slice and dice it which ever way you please but this is serious MAJOR debt accumulating here.

" In October 2007, we issued and sold a total of 27,014,686 shares of our common stock. Of this total, 15,940,489 shares were sold to our principal stockholder at a price per share of $9.41 and 11,074,197 shares were sold to other investors at a price per share of $9.03. "

"other investors" are on the hook for a $100 Million worth of stock they purchased in Oct 2007. That investment is now worth $30 Million.


Mr Manns investment of $150 M is now worth $42 Mil.

Good luck finding one investor that will throw any serious money at this company.

If it weren't for Mr Manns deep pockets, it'd be bankrupt by now, nevermind 2009.