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Post by sportsrancho on Jan 31, 2019 11:44:07 GMT -5
They can’t give themselves a year, they will be through all the money by then and it won’t get spent on the pipeline. I don’t think they’re going to give them selves that long. I would say 4 to 5 months. JMHO
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Post by cedafuntennis on Jan 31, 2019 12:02:11 GMT -5
Nate gives them 6 months now to show meaningful increase in sales and im in the same boat after 5 years.
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Post by compound26 on Jan 31, 2019 12:19:36 GMT -5
My thinking is that Mike C and Mannkind will give their best try through the end of 2020 to see if they can make Afrezza a blockbuster. Recall that Mike mentioned many times that he has carved out a three year window for Afrezza sales to grow. That three year window spans from 2018 to 2021.
Note that since Mannkind hired its own sales force (at the beginning of 2017), based on numbers reported by Symphony, Afrezza weekly sales has grown from about $0.15 million per week to about $1 million per week. A 600%-700% increase. I consider that a success. We just need that trend to continue. Going forward, if we can just double the weekly sales each year, that will suffice. [In other words, by end of 2019, weekly sales of $2 million and by end of 2020, weekly sales of $4 million.]
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Post by longtimerhere on Jan 31, 2019 13:26:23 GMT -5
They can’t give themselves a year, they will be through all the money by then and it won’t get spent on the pipeline. I don’t think they’re going to give them selves that long. I would say 4 to 5 months. JMHO Thanks Sports for saying 4-5 months. Enough. This cash drain from Afrezza has gone on too long. And for all you peeps saying give it the remainder of year, well that means coffers empty by December and another equity (stock) sale with us getting crushed again. Two bad optics from 2018 stands out to me: 1). The Halloween party at MNKD offices with people really dressing-up (expensive costumes). IMO this was childish, non-professional, and with the equity Christmas stock devaluation occurring 7 weeks later this was bad optics layered onto a money shortage problem. To Mike C. and the gang: Enjoy your job and have fun at work when you have something to celebrate. As of the current situation you having nothing to celebrate and no goofing-off should be projected from your workplace. 2). The Hawaii sales conference again bad optics. MNKD sales team hasn't sold enough to warrant (from me) a single free lunch at Applebees. Memo to Mike C. -- when your sales team hits 1000, 2000 or 3000 scripts per week buy them a free dinner. When they hit 10,000 or 20,000 buy them the Hawaii trip. Wow, please don't reward a D-minus effort in life.
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Post by mytakeonit on Jan 31, 2019 13:34:09 GMT -5
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Post by sportsrancho on Jan 31, 2019 13:38:09 GMT -5
Thanks Sports for saying 4-5 months. Enough. This cash drain from Afrezza has gone on too long. And for all you peeps saying give it the remainder of year, well that means coffers empty by December and another equity (stock) sale with us getting crushed again.
You are right, and I believe that’s why Nate said do or die, you can’t keep issuing warrants and diluting the stock, you’ll have the stock below a dollar again it won’t work. We have a limited resources that’s not going to change so they will know in a few months whether this new campaign is going to work or not. They know the numbers they have to see, and hopefully so do potential partners. So this is the big push, ramp it up, make it work, or let it go. ( for a royalty )
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Post by sportsrancho on Jan 31, 2019 14:13:39 GMT -5
If we see some hockey stick action they could possibly get a new loan if they can show they’d break even in a year and a half. With no dilution insight and a clear path to profitability that would raise the pps I would think.
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Post by boca1girl on Jan 31, 2019 14:21:23 GMT -5
If we see some hockey stick action they could possibly get a new loan if they can show they’d break even in a year and a half. With no dilution insight and a clear path to profitability that would raise the pps I would think. If we see hockey stick action, we shouldn’t need a new loan.
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Post by akemp3000 on Jan 31, 2019 14:27:15 GMT -5
IMO, once we see the elusive hockey stick within a few months, a BP U.S. sales partner will be announced with decent terms. The pps will move up nicely on the partnership announcement.
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Post by sportsrancho on Jan 31, 2019 14:33:45 GMT -5
Mannkind is living in a paycheck to paycheck mode here, and we’re writing the checks. Wouldn’t it be great to have enough money to really accelerate the drugs we have in the pipeline. Maybe get that safety study done? Right now when you put money into one it takes away from the other.
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Post by sportsrancho on Jan 31, 2019 14:35:38 GMT -5
IMO, once we see the elusive hockey stick within a few months, a BP U.S. sales partner will be announced with decent terms. The pps will move up nicely on the partnership announcement. 👍🏻
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Post by lakers on Jan 31, 2019 14:36:17 GMT -5
“We have been working diligently with our partner in Brazil and regulatory authorities to secure our first approval outside the U.S. and hope to have an update for you on this surely as the holidays slowed down our review unfortunately. We need to finish our part one of our pediatric program to file what is known as a PIP in the EU before we can engage in a meaningful filing application for Europe.
We anticipate filing in Canada in the first half of 2019 and meeting with the European regulatory authorities to start a [indiscernible] over there as these are the two most common places where we get requests for Afrezza from our international inquiries.
We know it takes time to gain regulatory approval in these markets and we’ll make appropriate call to look for one go-to-partner ex-U.S. or continue to find key partners in each market like we did with Brazil and India.”
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Post by joeypotsandpans on Jan 31, 2019 14:40:27 GMT -5
Imagine Calmness: Afrezza gone. Weekly script numbers gone. Cash drain gone. The need for new sales manager (every six-months) gone. Missing revenue estimates gone. Bankruptcy rumors gone. My high stress level gone. Afrezza in summary is one disappointment after another (CRLs, AF bashing, Sanofi debacle, Big Phrama pressures, Insurance issues, etc., etc. etc) Enough!!! Yes, imagine calmness. Do that... you can also pull out of this company and not pay any more attention to this stock, MannKind or Afrezza. But then again, learning that this company may one day eventually overcome all obstacles and become successful despite its current situation will probably continue to skyrocket your stress level. Just like you venting your frustrations about how disappointing this current situation is, I'm venting about how negativity like yours continue to stick around knowing whats going on. So what's really the point? Carry on. This makes too much sense Kite, it ceases to amaze me why someone who says this stock causes them stress continues to hold it. Here's what causes me stress, the thought of a competitor acquiring this to bury it ala SNY/NVO/LLY... As a grateful user among many others who appreciate this life changing product and also appreciate what Al's last noble mission in life was...to improve the health and in turn the quality of life for those afflicted with this pandemic disease, I sleep better knowing it remains in MNKD's hands continuing to pursue Al's hard fought quest. You cannot underestimate enough the feeling of relief which overcomes those using the product when they receive their next refill of Afrezza. Until that refill is filled, that is true stress...those that own shares can eliminate any associated stress by simply entering a sell order and moving on with their lives...not so for the users of the product. I hope that puts the proper perspective into light coming from both a user and investor in the product/company Adding, some may see this as a selfish point of view, but no more selfish than those who have languished for years posting and direct messaging their two cents to shareholders to sell for their own selfish ulterior immoral motives
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Post by traderdennis on Jan 31, 2019 15:07:29 GMT -5
If we see some hockey stick action they could possibly get a new loan if they can show they’d break even in a year and a half. With no dilution insight and a clear path to profitability that would raise the pps I would think. If we see hockey stick action, we shouldn’t need a new loan. At the current level of sales, event a hockey stick may not bring the company to cash flow positive.
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Post by longtimerhere on Jan 31, 2019 15:26:08 GMT -5
Thanks Sports for saying 4-5 months. Enough. This cash drain from Afrezza has gone on too long. And for all you peeps saying give it the remainder of year, well that means coffers empty by December and another equity (stock) sale with us getting crushed again. You are right, and I believe that’s why Nate said do or die, you can’t keep issuing warrants and diluting the stock, you’ll have the stock below a dollar again it won’t work. We have a limited resources that’s not going to change so they will know in a few months whether this new campaign is going to work or not. They know the numbers they have to see, and hopefully so do potential partners. So this is the big push, ramp it up, make it work, or let it go. ( for a royalty ) Sports right on, but when it's not Mike's money (it's our stock investment) it's easy for him to just float along and not make corrections.
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