|
Post by joeypotsandpans on Jan 15, 2019 4:36:32 GMT -5
Shoot galileo, tell us who you are, how you know him, and tell us in detail these facts you say you know about Mike before he was with MNKD and while he has been with MNKD To Liane and other MC Cheerleaders, ................. I’ve spoken to 5 executives who’ve worked with Mike.......
I was going to take an over/under bet after 12/29 when this puppy was birthed.....I would have lost because it went over 1 week, as another wonder likes to say "oh my" that quote alone was hysterical . I can honestly say I met a dozen folks that met Mike and are either the most gullible naive folks I've met in a long time or were fairly objective individuals that have made a 180 degree assessment. Where do they land from is my question, same place as Socrates, Plato, and Aristotle I suppose....right in line with that rainbow unicorn that stopped by, remember that one lol.
|
|
Tinkerbell
Researcher
Watcher of the Skies
Posts: 143
|
Post by Tinkerbell on Jan 15, 2019 9:21:48 GMT -5
To Liane and other MC Cheerleaders, ................. I’ve spoken to 5 executives who’ve worked with Mike.......
I was going to take an over/under bet after 12/29 when this puppy was birthed.....I would have lost because it went over 1 week, as another wonder likes to say "oh my" that quote alone was hysterical . I can honestly say I met a dozen folks that met Mike and are either the most gullible naive folks I've met in a long time or were fairly objective individuals that have made a 180 degree assessment. Where do they land from is my question, same place as Socrates, Plato, and Aristotle I suppose....right in line with that rainbow unicorn that stopped by, remember that one lol. Anyone can quote an Executive. They are a dime a dozen and if they are complaining about a new Leader who has come in and started the process of turning a company around, then IMO they are failed as Executive. Why? Ask yourself if they were a part of the failed team for which the new CEO was hired to fix. Sour grapes anyone? Here, let me get you some Afrezza.......
|
|
Tinkerbell
Researcher
Watcher of the Skies
Posts: 143
|
Post by Tinkerbell on Jan 15, 2019 9:24:59 GMT -5
Hey Galileo, where are you? Cat got your tongue? Meow and don't come back with stupid comments from other people sitting back giving their useless opinions. In the style of Jack Welsh, Mike's here to win, not to make friends with bozos of every ilk.
|
|
|
Post by rockstarrick on Jan 15, 2019 9:42:16 GMT -5
Hey Galileo, where are you? Cat got your tongue? Meow and don't come back with stupid comments from other people sitting back giving their useless opinions. In the style of Jack Welsh, Mike's here to win, not to make friends with bozos of every ilk. I think it’s more than obvious who Galileo is, and even though I don’t agree with his assessment, it did spark a fire under my A$$ to look into a few things. Aaaaaaannnnnd,,,, I still don’t agree, but I do have respect for him and his opinion, just not with regards to mnkd and MC. Good Luck Everybody ✌🏻😎
|
|
|
Post by Clement on Feb 15, 2019 9:13:17 GMT -5
In the conference call, Mike talked about the targeted Afrezza TV ad campaign starting on Jan 14, 2019. In the Q&A, he recants the story about Q4 2017 when Mannkind ran a TV pilot campaign. In the audio webcast at 15:45, Mike clearly states, "we learned that within 6 to 8 weeks we saw significant increase in new writers, new prescriptions, and then ultimately led to total prescriptions and total writers." ........... "Now we have the ability to sustain consumer advertising." 8 weeks from Jan 14 "So tired Tired of waitin' Tired of waitin' for you" -- The Kinks Today I need to remind myself of what Mike told us (in the quote box above). Symphony results after 8 weeks from Jan 14 will be available on March 22. Ow ... another month of waitin'.
|
|
|
Post by mytakeonit on Feb 15, 2019 13:14:41 GMT -5
?? 8 weeks from Jan 14 ... Your calendar must look a lot different than those in Hawaii.
|
|
|
Post by goyocafe on Feb 15, 2019 13:21:42 GMT -5
?? 8 weeks from Jan 14 ... Your calendar must look a lot different than those in Hawaii. He’s referring to published script numbers but quoted the 8 weeks stat for ads to have an affect on scripts. Perhaps the coconuts in Hawaii are a lot harder than we imagine. 🤣
|
|
|
Post by mytakeonit on Feb 15, 2019 13:26:36 GMT -5
|
|
|
Post by theebavarian on Oct 5, 2019 14:57:07 GMT -5
Shoot galileo, tell us who you are, how you know him, and tell us in detail these facts you say you know about Mike before he was with MNKD and while he has been with MNKD To Liane and other MC Cheerleaders, Y’all asked for more evidence supporting my opinion about Mike Castagna. Fair enough. I’ll share as much as I can but I’m limited. The unflattering picture I have of him is a mosaic composed of disparate bits of information I’ve gathered. It’s not something I’ve hatched because I don’t like the guy. I started from a neutral position, neither pro or con. I’ve not met Mike so I am relying on two broad groupings of information: the opinions of people who’ve worked directly with Mike and actions I’ve seen Mike take during his time at MNKD. I hope you appreciate that negative information is rarely well received by those who are dug in on their position, which is one reason we hear so little of it. Political correctness also stifles it. I’ve spoken to 5 executives who’ve worked with Mike, 3 in former companies and 2 now departed from MNKD. None of them want their names used so these anonymous sources are subject to that criticism. So be it. Dismiss what I write below if you want. All five said very similar things: 1) Mike is ruthlessly political, 2) out for his own good, 3) will stab people in the back-has no loyalty, 4) is only interested in his own ideas or ideas that he can take credit for, 5) surrounds himself with yes men, and 6) is a very good talker. One said upon hearing Mike was made CEO of MNKD said he lost all respect for or interest in the company. The guy said Mike was “not impressive,” and he wondered how a company could be so desperate to make Mike the leader. He questioned whether the MNKD BOD was “asleep at the wheel.” This person is a successful, high-profile businessman who’s held high level executive positions in companies that you’d all recognize instantly. He has no apparent axe to grind. The other two non-MNKD people said mostly the same thing and that Mike was ambitious to a fault. These were people I met randomly so I didn’t seek out the contrary opinions. The two departed MNKD execs told me to look at the turnover since Mike came in. They said good, competent people don’t like working with Mike because he is so obviously calculating and self-absorbed. He is not a team player. One told me Mike privately admitted to him his goal to displace Matt Pfeffer within a month or two of Matt bringing Mike in. He said Mike went right to work on the BOD undermining MP. The other said Mike is a phony who’ll pretend to befriend you but will knife you in the back when it suits him and will step over the body. One commented that Mike’s line is “I’ve never failed with a drug.” I could go on, but you get the point. The actions Mike has taken himself are also revealing. Go back and listen to what Mike says in presentations over the past 18 months. He always sounds like he’s got it all figured out, like success is just months away, and that he and the team are wonderful. He’s never admitted mistakes or failure. He doesn’t mention things that don’t go well. For example, he claims the DTC campaign in Q4-2017 worked well, yet he abandoned it. In the most recent conference call he talked about all the progress in 2018, yet given the huge marketing spend, the script numbers are horrible. Remember, nobody made Mike issue guidance of $25-30 million. He did so because he was confident about exceeding it. He actually delivered about half. Mike implies he brought in Kendall. I happen to know that the company talked to Kendall long before Mike was even on the scene. They had worked on Kendall for a couple years. Yet, Mike lets everyone think it was his idea. Consider the move of HQ. Know what his proffered explanation was? Because MNKD needs to be located there to recruit talent. Well, guess where Mike lives? One executive told me this was all about making Mike’s commute shorter. A good expenditure of company funds? I don’t think so. Now, think about script renewals. Know why you don’t hear that talked about? Because they’re really bad. It’s been a problem from the start. That’s why revenue isn’t building the way one would expect. There’s no evidence that renewals are better following the DTC campaign. I’ve heard from people in a position to know that over 70% of the people who start Afrezza drop it. That’s a problem, yet it goes unmentioned. I was told that Mike has pushed for more executive compensation and less rank and file compensation, contrary to the what Al Mann believed. He’s out to feather his own nest while others suffer. Has anyone else been looking at executive compensation? Has company performance been so good that we need to reward these people the way we do? Do we really believe they deserve bonuses? Don’t you think this company is top heavy? Liane you had a laundry list of “accomplishments” of Mike’s. I can counter each one, but let me deal with only one: the elimination of debt. You cite this as a credit to his leadership, but consider the cost: extreme and continuing dilution. The debt would have been preferable in the context of growing sales. If sales are ramping up one can handle the debt and avoid all the dilution. We shareholders would have kept more of the company. It is only because of the failure of sales that the debt became a problem, and we shareholders have seen our positions eroded. So, do you still think MC “accomplished” something by getting rid of it? He had to because his sales strategy bombed. I’ve talked to two independent investment bankers who’ve examined the recent financings the company has done under Mike: their comments are that the deals are terrible and reek of desperation. They both felt the deals looked like the work of “amateurs.” They say this just turns off other possible partners. MNKD looks like a loser. I’ve talked to lower level of people at MNKD too who are still with the company. Obviously, they’re not going to say anything public, but hey the news is the same. It’s not good people. Honestly, I had a damn hard time finding someone closely associated with Mike who can say anything positive. Isn’t this odd?! I’m sure you’ve all heard enough by now, and diehard cheerleaders won’t be persuaded anyway, so I’ll leave you with this thought: It has been said by others that you want a CEO with integrity, energy and intelligence. But, without the first, the last two will kill you. Don’t say I didn’t tell you. This is Galileo's last post... and last date of sign in. Were these statements ever validated as accurate?
|
|
|
Post by letitride on Oct 5, 2019 15:56:44 GMT -5
Yes I validated that on the right paper they made great TP.
|
|
|
Post by buyitonsale on Oct 5, 2019 15:59:49 GMT -5
Investment in MNKD for me was never about its executives.
It’s about it’s founder Al Mann and Afrezza.
Shareholders control the BOD, so keep buying more and keep voting with your shares...
Don’t know about Galileo but I’m not going anywhere.
|
|
|
Post by morfu on Oct 6, 2019 9:26:58 GMT -5
Investment in MNKD for me was never about its executives. It’s about it’s founder Al Mann and Afrezza. Shareholders control the BOD, so keep buying more and keep voting with your shares... Don’t know about Galileo but I’m not going anywhere. Neither do I, but at the same time, I think some of his criticism is spot on.. no need to move headquarters to an expensive spot, the management compensation should always be related to achievements (and even then always be moderate in my opinion), reducing debt by dilution is only an achievement in the sense that the shareholder let him do it, I wished anyone who burns 20% of my cash unnecessarily questioned and NOT rewarded (now he says he does not need cash.. so why dilute 20% less than a year ago and even if needed why wasnt it done on a free market, who got those shares?) Either way, the most interesting part surely is the 70% drop rate, but also the 25% raise in scripts last week.. even if it turns out to be only a statistical outlaw, it is still a fact that we only need two more of these and a little continuous climb to be green! IMHO this is absolutely smashing positive news! It yells, we can do it we are close louder than anything else I have seen over the last years!!!
|
|
|
Post by mytakeonit on Oct 6, 2019 11:11:15 GMT -5
So $25 pps by year end?
But, that's mytakeonit
|
|
|
Post by mymann on Oct 6, 2019 11:35:24 GMT -5
Where do get these numbers? Do I need to send you $20 to get the answer?
|
|
|
Post by letitride on Oct 6, 2019 11:57:45 GMT -5
Where do get these numbers? Do I need to send you $20 to get the answer? Why ask why? Save your $20 Let it Ride!
|
|