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Post by centralcoastinvestor on Apr 3, 2019 23:28:49 GMT -5
The 2.38 warrants will expire, but the pressure from the 1.60 warrants are still very much in play unfortunately after a crappy two weeks.
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Post by prcgorman2 on Apr 4, 2019 9:05:06 GMT -5
A tempest in a teapot.
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Post by akemp3000 on Apr 4, 2019 9:14:24 GMT -5
It wasn't long ago that many thought BK was likely. Michael Castagna has done a fantastic job of turning this company around by improving the balance sheet, revamping the business plan, changing the sales force, hiring a higher quality team, expanding the TS pipeline and much more. Sure, the pps currently sucks and Afrezza sales need to jump but this turnaround is not yet complete. MC's report card is only at the mid-term. My bet is that he will prove a lot of critiques wrong before 2020. GLTA
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Post by prcgorman2 on Apr 4, 2019 10:08:44 GMT -5
What's more is look at the posts 2 weeks ago when the stock price was rising nicely. No change in management since then and lots of positive posting. Now it's all doom and gloom? BS.
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Post by hellodolly on Apr 4, 2019 10:48:18 GMT -5
What's more is look at the posts 2 weeks ago when the stock price was rising nicely. No change in management since then and lots of positive posting. Now it's all doom and gloom? BS. I see MNKD anxiously sitting in the gate, waiting to run the track after the trainer spotted her up and the gate was closed. Or, like aging whiskey in the cask. What are the signs she's ready to be let loose or uncorked? I'm not going to rehash what's been enumerated ad nauseam on this board, but we are in a far better place today then we were last year and exponentially better than two years ago...and light years from three years ago...regardless if the share price doesn't reflect it.
Just the mere mention of Hakan and Pfeffer and I start getting tremors. This is NOT the same MNKD and if Al were alive today, I wonder what he would think of the differences? Progress? Yes. Can it be better? Always.. because $10 isn't good enough and neither is $20 and others will come in at $20 and say they want $30. That's just the nature of investing and it won't ever go away. However, could it have been worse after Pfeffer? A resounding YES. But, it's not and that is the reality check.
Most CEOs know they aren't fixtures, but instead are replaceable parts to a living and breathing entity. Those who are worth their grain of salt also realize they need to be disruptors (when the situation calls for it) and that doesn't always require our approval. Mike is Mike and he's laying the path and foundation necessary to get this little pony running.
I'm not oblivious to the old timers here. I'm not one of you, but your collective wisdom is valuable to investors like me that have only had skin in the game since just before the R/S or even more recent. I got tangled up in that R/S, too. But nothing like the days when you guys were sitting at $40. GLTA
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Post by ktim on Apr 4, 2019 11:37:40 GMT -5
It wasn't long ago that many thought BK was likely. Michael Castagna has done a fantastic job of turning this company around by improving the balance sheet, revamping the business plan, changing the sales force, hiring a higher quality team, expanding the TS pipeline and much more. Sure, the pps currently sucks and Afrezza sales need to jump but this turnaround is not yet complete. MC's report card is only at the mid-term. My bet is that he will prove a lot of critiques wrong before 2020. GLTA He has done an ok job of improving the balance sheet. I think a more experienced executive could have gotten to this same point with significantly less dilution. Missteps have been made. Why do you rate the new business plan fantastic (quite frankly I wouldn't even be able to explain what the new vs old is, so I guess I'd err on lack of communication if there really is a new plan)? Why are the changes in the sales force fantastic? What are the metrics by which you are judging the team members? I would give them a very good on TreT. Certainly some deals have better monetary terms, but I suspect that was good negotiating from a relative position of weakness. Just curious, can you explain what the new business plan is vs the old?
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Post by radgray68 on Apr 4, 2019 11:55:12 GMT -5
I don't understand all the management bashing I've seen lately. We got the rights to Afrezza back in June 2016. Contracted sales force through the end of that year so I start the transformation clock in Jan 2017. So, in basically 9 quarters Mike was supposed to transform an essentially bankrupt, one-trick company into a profitable BP? It's just not realistic, in my opinion. Heck, even the first quarter promotions were strategically pointed to give us information to make changes in our advertising approach for the rest of the year. Everything takes time.
The improvements made so far are completely in line with what I expected. Over the years, I've listened to conference calls for approximately 200 different publicly traded companies and I can tell you Mike is right on target. He's got his finger on the pulse. Making all the right moves. I wish you all could see it. I'm rooting for the $2.38 warrants AND the $1.60's to expire by the end of this year. It's only a few more quarters. Let's get the shares back so we can sell them for a lot more later on in 2020. Execution, Execution, Execution.
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Post by ilovekauai on Apr 4, 2019 12:54:10 GMT -5
Boca1: Danbury is also a legitimate venue for holding the ASM, and alternating between there and Thousand Oaks makes sense. Thank you for pointing that out.
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Post by phantomfj on Apr 4, 2019 13:14:30 GMT -5
I don't understand all the management bashing I've seen lately. We got the rights to Afrezza back in June 2016. Contracted sales force through the end of that year so I start the transformation clock in Jan 2017. So, in basically 9 quarters Mike was supposed to transform an essentially bankrupt, one-trick company into a profitable BP? It's just not realistic, in my opinion. Heck, even the first quarter promotions were strategically pointed to give us information to make changes in our advertising approach for the rest of the year. Everything takes time. The improvements made so far are completely in line with what I expected. Over the years, I've listened to conference calls for approximately 200 different publicly traded companies and I can tell you Mike is right on target. He's got his finger on the pulse. Making all the right moves. I wish you all could see it. I'm rooting for the $2.38 warrants AND the $1.60's to expire by the end of this year. It's only a few more quarters. Let's get the shares back so we can sell them for a lot more later on in 2020. Execution, Execution, Execution. And, what is never mentioned .................they had to totally transform the company from a research/development company with no sales experience/force to a mini Sanofi/Pfzer/etc overnight......and have to compete with some damn big dogs for turf.......I don't know if you have ever noticed, but big dogs don't give up turf easily. Do I like the share price? Hell, NO......but you have to play the hands you are dealt, bluff when you must, and keep in the game.........all I care about is the company has SURVIVED and there is still a big pot to play for......even if Afrezza is never the huge success I thought it would be, I still believe the inhalable technology is where the real money is.
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Post by tchalaa on Apr 5, 2019 13:47:04 GMT -5
I don't understand all the management bashing I've seen lately. We got the rights to Afrezza back in June 2016. Contracted sales force through the end of that year so I start the transformation clock in Jan 2017. So, in basically 9 quarters Mike was supposed to transform an essentially bankrupt, one-trick company into a profitable BP? It's just not realistic, in my opinion. Heck, even the first quarter promotions were strategically pointed to give us information to make changes in our advertising approach for the rest of the year. Everything takes time. The improvements made so far are completely in line with what I expected. Over the years, I've listened to conference calls for approximately 200 different publicly traded companies and I can tell you Mike is right on target. He's got his finger on the pulse. Making all the right moves. I wish you all could see it. I'm rooting for the $2.38 warrants AND the $1.60's to expire by the end of this year. It's only a few more quarters. Let's get the shares back so we can sell them for a lot more later on in 2020. Execution, Execution, Execution. You are right when talking of the observed continuous growth. The point is that, as mentioned by you an almost bankrupt company can not be squeezing it shareholders for more capital what is possible; but it is outrageous that management keeps on tapping this cash gotten through dilution instead of requesting for bonuses or raises in form of shares, actually when this is well deserve. By focusing on cash they will show trust in future outcome of their strategy at the same time in their company. So if it goes up everyone will be happy; Management should stop milking the company! Retaining top smart leader can and should be done at current situation with shares - bonuses and part of the salary - a leader is someone who like challenges because he believe in having the right strategy to overcome them. A successful company will always be well valued at some time. A leader, whom avoids challenges, is not a risk taker (e.g. share value), he is a follower. We need leaders
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Post by sportsrancho on Apr 5, 2019 15:19:27 GMT -5
The bleeding will stop when Mike explains the runway and takes the fear of dilution away. Shelf / Wainwright IMO
A lot of companies where the CEO takes a cut in salary in hard times the stock goes up.
Maybe Mike has some rabbits about ready to pull out of his hat.
I think we bleed up:-)
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Post by traderdennis on Apr 5, 2019 15:22:58 GMT -5
The bleeding will stop when Mike explains the runway and takes the fear of dilution away. IMO A lot of companies where the CEO takes a cut in salary in hard times the stock goes up. Maybe Mike has some rabbits about ready to pull out of his hat. I think we bleed up:-) I think you are 100% correct sports.
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Post by audiomr on Apr 5, 2019 16:49:09 GMT -5
New sales record last week.
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Post by wgreystone on Apr 5, 2019 17:13:35 GMT -5
New sales record last week. Last week's up is due to the refill from those patients who did their previous refill in last December (a lot of them). The NRX will likely start uptrend this month as the effect of DTC ad starts to kick in.
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Post by Deleted on Apr 5, 2019 17:52:18 GMT -5
The bleeding will stop when Mike explains the runway and takes the fear of dilution away. Shelf / Wainwright IMO A lot of companies where the CEO takes a cut in salary in hard times the stock goes up. Maybe Mike has some rabbits about ready to pull out of his hat. I think we bleed up:-) We could use a rabbit or two. Would also be nice for Mike and his team to pull $100k out of their pockets and buy some shares and furthermore, get a majority of their incentive comp in shares. In a company that potentially has explosive growth, executives who are confident in themselves and their plans should want more shares. Cash comp compared to shares is chump change. G650 vs Cirrus.
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