Baba,

Matt was very upbeat with this version of mostly a repeat. There was clarity in every word he said and he even repeated the only question asked at the end before giving the answer.

New to me was the purpose of the $160M financing deal and a ststus of the facility expansion.

The purpose of the financing was stated as 'to remove the 2013 due convertible overhang from the stock'.

The facility expansion for the additional 2 lines was said to be partially paid and that the equipment would be there shortly. He indicated that MNKD wanted to start at product launch with 3 lines working.

There was really no hint of the data result. He (and Al) has used optimistic and decent numerous times in the past when giving expectations and did so again today.