Brentie,

That's the way I calculate things for resubmission and FDA approval. It equals December 1, 2013 or January 1, 2014 for approval. That provides a fairly significant amount of time for reserve. I am sure that MNKD wants to be conservative and actually beat an estimate for once. But since they don't all have their story straight, it continues to make them seem like they have to provide some kind of different answer every time they present the story.

I am still going to exchange my 2014 options for 2015! These executives leave me without much confidence with plan execution.