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Post by sayhey24 on Mar 29, 2019 18:15:30 GMT -5
Countless people have mentioned shares were about to run out. Why is everyone surprised by this? The real concern is Afrezza sales haven’t done squat despite the commercials. Authorized shares are running out. I was very surprised there was not a request at the ASM to vote to bump up the authorized shares. This is the registration of the already authorized but not registered shares associated with the $1.60 warrants. As far as afrezza sales, until the SOC is changed its going to be a long slog. TV commercial are nice and make afrezza a household brand but PCPs don't even want to prescribe Libre's to T2s. They tell them No, you don't need one. Why should we think they are just going to start prescribing afrezza when its not even in the Step program.
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Post by lifebreath on Mar 29, 2019 18:16:13 GMT -5
Ouch .. But it seems both Nate and MK are okay with this..... I don’t care what they’re OK with, I’m not OK with it. They are ok with it because they are looking at 10 year time horizon. If you have been invested for 5 or more years already it’s same old B.S. all the money we are spending on commercials could have brought in a qualified CEO with a plan instead of a dart board
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Post by mytakeonit on Mar 29, 2019 18:19:44 GMT -5
Remember people ... whichever side you are on ... look to the people yelling around you and see if they are long or short. (And I don't mean short, asian.)
That first distribution was probably to partner in UT. At this point ... I don't see MNKD needing cash in the near future. This isn't the same thing. This is standard operating procedure for any company. This way they can pick and choose who will be buying the stock, at what price, and only if they need the cash. STANDARD OPERATING PROCEDURE.
As joey says ... if you aren't happy ... hit the sell button and buy into a company you LOVE.
But, that's mytakeonit ... and joey's
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Post by cedafuntennis on Mar 29, 2019 18:23:05 GMT -5
I don’t care what they’re OK with, I’m not OK with it. They are ok with it because they are looking at 10 year time horizon. If you have been invested for 5 or more years already it’s same old B.S. all the money we are spending on commercials could have brought in a qualified CEO with a plan instead of a dart board Mike is a very qualified CEO and not one of those book worms. He's done great given no resources and tremendous debt he was burdened with by the previous CEOs who were trully incompetent.
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Post by sayhey24 on Mar 29, 2019 18:26:46 GMT -5
Yes, I see that but at this point we have no idea what the plan is. I guess Mike could ask for 500M new shares to be voted on at the ASM to be sold to some boiler rooms. He could also have a buy-in from someone like Abbott or UTHS for some amount of shares. If Mike had a buy-in from either of them would anyone be upset? Mikes working hard and we know nothing is better than afrezza in the diabetes space and nothing is better than TS in the inhalation space. He will close some deals. He has more shares than me now and I am sure he wants to see them worth $200pps.
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Post by centralcoastinvestor on Mar 29, 2019 18:33:30 GMT -5
Question: This news is out before after hours trading is closed correct? If so, why isn’t the share price dropping like a rock? Is there more here than we understand? There is certainly more than I understand. The after hours share price isn’t behaving like this is catastrophic bad news.
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Post by awesomo on Mar 29, 2019 18:38:55 GMT -5
Question: This news was out before after hours trading closed correct? If so, why didn’t the share price drop? It's Friday AH where there's barely anybody around, which is why the old Wall Street adage is to release bad news Friday AH. Plus it hasn't been approved yet (though it will) by shareholders and no dilution has occurred yet. Still would expect PPS to fall on Monday though.
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Post by sportsrancho on Mar 29, 2019 18:41:49 GMT -5
Remember people ... whichever side you are on ... look to the people yelling around you and see if they are long or short. (And I don't mean short, asian.) That first distribution was probably to partner in UT. At this point ... I don't see MNKD needing cash in the near future. This isn't the same thing. This is standard operating procedure for any company. This way they can pick and choose who will be buying the stock, at what price, and only if they need the cash. STANDARD OPERATING PROCEDURE. As joey says ... if you aren't happy ... hit the sell button and buy into a company you LOVE. But, that's mytakeonit ... and joey's My take on it is you and Joey better watch what you say to us women because we will just say “fine” and sell our shares. And by the way, fine is a whole sentence in itself! Lol🤣
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Post by falconquest on Mar 29, 2019 18:54:00 GMT -5
Remember people ... whichever side you are on ... look to the people yelling around you and see if they are long or short. (And I don't mean short, asian.) That first distribution was probably to partner in UT. At this point ... I don't see MNKD needing cash in the near future. This isn't the same thing. This is standard operating procedure for any company. This way they can pick and choose who will be buying the stock, at what price, and only if they need the cash. STANDARD OPERATING PROCEDURE. As joey says ... if you aren't happy ... hit the sell button and buy into a company you LOVE. But, that's mytakeonit ... and joey's You can still be long and not be happy with the direction that management is taking. This isn't a black & white long/short situation. People here are investors and they expect a return. Some have waited too long for this to happen. Yes, they could sell and suffer the loss (like I did) the problem is that so many believe in the technology and a little profitability is sorely lacking. Mike needs to think about those who have been here long before him! He just may lose long term shareholders. .....and that's MY take on it.
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Post by sweedee79 on Mar 29, 2019 18:57:22 GMT -5
I have never had a problem with how Mike does his job.. I am of the belief that he has done an amazing job with what he was given and from what I've heard works very very hard.
It is true that prior management royally screwed up. Even an amatuer such as myself can see that in my 20/20 hindsight.
My problem is comments he left on Twitter, such as.. "It's all up from here" .. then deleted them etc etc.. Then he deletes the post and does a surprise offering right before Christmas, after he told us no more dilution.
When he does stuff like this you will lose the trust of shareholders and rightfully so.. it's wreckless.. You can't blame shareholder's for being confused and upset.
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Post by falconquest on Mar 29, 2019 19:00:32 GMT -5
I have never had a problem with how Mike does his job.. I am of the belief that he has done an amazing job with what he was given and from what I've heard works very very hard. It is true that prior management royally screwed up. Even an amatuer such as myself can see that in my 20/20 hindsight. My problem is comments he left on Twitter, such as.. "It's all up from here" .. then deleted them etc etc.. Then he deletes the post and does a surprise offering right before Christmas, after he told us no more dilution. When he does stuff like this you will lose the trust of shareholders and rightfully so.. it's wreckless.. You can't blame shareholder's for being confused and upset. You suppose Kresa may have reigned him in on that one?
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Post by sweedee79 on Mar 29, 2019 19:04:07 GMT -5
I have never had a problem with how Mike does his job.. I am of the belief that he has done an amazing job with what he was given and from what I've heard works very very hard. It is true that prior management royally screwed up. Even an amatuer such as myself can see that in my 20/20 hindsight. My problem is comments he left on Twitter, such as.. "It's all up from here" .. then deleted them etc etc.. Then he deletes the post and does a surprise offering right before Christmas, after he told us no more dilution. When he does stuff like this you will lose the trust of shareholders and rightfully so.. it's wreckless.. You can't blame shareholder's for being confused and upset. You suppose Kresa may have reigned him in on that one? I hope someone reigned him in. It's irresponsible.
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Form S-3
Mar 29, 2019 19:04:17 GMT -5
via mobile
Post by lifebreath on Mar 29, 2019 19:04:17 GMT -5
They are ok with it because they are looking at 10 year time horizon. If you have been invested for 5 or more years already it’s same old B.S. all the money we are spending on commercials could have brought in a qualified CEO with a plan instead of a dart board Mike is a very qualified CEO and not one of those book worms. He's done great given no resources and tremendous debt he was burdened with by the previous CEOs who were trully incompetent. i Castagna has not done anything great. The reduction of debt has been accomplished through dilluting shareholders. He is three years into the launch of Afrezza two years as CEO I am not impressed. He just does not have the experience for this job
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Post by sweedee79 on Mar 29, 2019 19:15:34 GMT -5
The way this stock has been acting lately is suspicious too..
Looks to me like someone tried to run it up so the warrants would get exercised and maybe they failed..
It seems like they know how to manipulate charts and attract daytraders..
Daytraders screen for stocks with good technical charts.. and if you can set this up you attract money.. Not sure how they do it. I'm guessing .. but this isn't the first time this stock has has acted this way.. Oct. 2017??
I hope I'm wrong..
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Post by rossomalley on Mar 29, 2019 19:25:33 GMT -5
The way this stock has been acting lately is suspicious too.. Looks to me like someone tried to run it up so the warrants would get exercised and maybe they failed.. It seems like they know how to manipulate charts and attract daytraders.. Daytraders screen for stocks with good technical charts.. and if you can set this up you attract money.. Not sure how they do it. I'm guessing .. but this isn't the first time this stock has has acted this way.. Oct. 2017?? I hope I'm wrong.. You’re probably not wrong but of course we have another week yet for the plan to play out. However, unless Mike has some blockbuster PR to drop Monday, not only are the warrants gone but we’re going to be sinking like a rock. And if we get some lame amended proxy filing after the 8th asking for those 250MM shares to be authorized I’m selling everything and buying back at $0.85.
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