Trend is correct; I am 100% certain he used the word "contracts" and not the word "partnership" in connection specfically with technospher. He may have used the words "a couple of contracts." The inference I drew based on Al's comments was that the names of those with whom MNKD has contracted are well known companies.

Best guess is that these are license agreements, but who knows exactly what's up with those. Seems clear that if these companies like technosphere, and they are known companies (as in, "large"), then if they like it even more after fooling around with it, then even better for a potential deal down the road.

Al tends to get a bit giddy when things are going well (in his eyes), so everyone needs to take his comments with at least a dash or two of salt. Still, everything looks positive going forward.

By the way, regarding my own option trading, I rolled my Aug 7 calls that I sold a few days ago (turns out I sold those too soon, but who knew!) to the Nov 9's, by paying only about .07 per share differential (time is money); so, I picked up $2 more of potential appreciation before I have to deliver up stock to cover those calls. That's called hedging your hedge!