Ezra,

I think Matt mentioned something in the last earnings call on the bonds.Also in the Q-4 earnings call Al said this...

"We are continuing to work on several minimally dilutive financings, but in today's world, it seems to take much longer to complete such transactions. We therefore certainly needed to act decisively and quickly to raise capital, not to do so would have been very foolish. We therefore undertook the recent equity offering with net to the company about $81 million. Unfortunately, that financing was quite dilutive, yet it will provide resources for the company while we continue our pursuit of non-dilutive and minimally diluted financing to satisfy our needs to approval and beyond."

http://seekingalpha.com/article/385161-mannkind-s-ceo-discusses-q4-2011-results-earnings-call-transcript?all=false&find=dilution

PS-CT and Seyhey continue to post on Yahoo,just not as much as in the past.I wish they would come over here.