Alakamuna:

Thanks for the link. I had already read this one last year around the time of its release. It talks around some of the numbers that I was using but since I didn't bring home the printout that I was making notes on last Friday I have not been able to add a second model using their numbers. As this report is also dated for Nov 2011 I did a little more sniffing (kind of feel like Itell from yahoo msgboard here) and found some more recent tidbits. I will leave reading these until tommorrow as its late here.

http://www.griffinsecurities.com/upload/reports/Griffin_MNKD_Research_Note_24Feb12.pdf

http://www.griffinsecurities.com/upload/reports/Griffin_MNKD_Research_Note_1May12.pdf

and there is an additional one for 10 May 2012 but requires USID and PWD so I am not able to provide it but here is the link of the master list of reports:

http://www.griffinsecurities.com/research-small-cap.php

A couple of interesting numbers are the P/E ratios ranging from 16 to 20 times earnings and the early level of market penetration the report for Nov. throws out. You can look at the last model and say that is dumb money, but using the new numbers it is down right stupid the amount of cash that they guys will be generating in 5 years and the ensuing stock price.

Will hope to have new numbersup by Wednesday and await further comments,

OOG