OPC:

It is my understanding that there are approximately 100,000,000 shares authorized and able to be issued as a result of the increase in the shelf approved back early this year. Knowing Mr. Mann's usual MO, which is to convert his debt to shares in a like amount so that his effective ownership percentage stays the same, then are there really more like 50,000,000 shares available to sell, less if you factor in a warrant as was packaged before? It appears to me that we are still only talking about $75,000,000 raised in stock sale, which does not carry MNKD through to PDUFA at existing burn rate, and certainly does not address cash needs through to production and sales. It also does not address debt coming due next year?

What am I missing, maybe other than a few million shares in my math? I cannot fathom that there is not some alternative lurking out there. I picked a bad week to quit drinking!