Time to exhale

We really don’t want to say we told you so, especially since Momma Kliff told us never to gloat, but why do we feel like MannKind (NASDAQ: MNKD) is getting ready to exhale. This stock has been on rocket ride upward until today that this. Yep in what looks like a classic pump and dump the company announced they have completed a private placement. Per a company issued press release;

“MannKind Corporation (NASDAQ:MNKD) and (TASE:MNKD) today announced that it entered into definitive agreements with certain institutional investors and other investors in connection with a registered direct offering . . .

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