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Post by awesomo on May 2, 2019 13:19:51 GMT -5
It's just dumb to request pay/bonus cut for folks working in Mannkind. If anyone believes they are not qualified, cutting pay will not make them qualified. If they are qualified, then it's better to worry about how to retain them instead. Nobody is requesting a pay/bonus cut. We are against management's request to INCREASE their own pay/bonuses while shareholders get gutted. |
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Post by wgreystone on May 2, 2019 13:36:03 GMT -5
It's just dumb to request pay/bonus cut for folks working in Mannkind. If anyone believes they are not qualified, cutting pay will not make them qualified. If they are qualified, then it's better to worry about how to retain them instead. The pay should be mostly performance metric based and strictly enforced. Shareholder value must be the second pillar on the metrics, right after net income growth metric. No way around it. And the evaluation should be team based, not individual vertical based as they all must work as a team or we all fail. It's difficult to evaluate performance metric at this stage, just as it's difficult to evaluate company's value just as many believe it's not reflected in SP. |
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Post by cedafuntennis on May 2, 2019 14:11:25 GMT -5
The pay should be mostly performance metric based and strictly enforced. Shareholder value must be the second pillar on the metrics, right after net income growth metric. No way around it. And the evaluation should be team based, not individual vertical based as they all must work as a team or we all fail. It's difficult to evaluate performance metric at this stage, just as it's difficult to evaluate company's value just as many believe it's not reflected in SP. Not that difficult. Set a net income sliding scale based on internal projections, set stock price (adjusted for any splits and dilution) target for 6 months and 1 year. You will note that I am not linking anything to Afrezza alone to allow freedom to add other products to the mix. |
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Post by blueice on May 2, 2019 15:09:57 GMT -5
Joey, it seems you are overlooking a basic dynamic at play here. Many long time holders who you characterize as insane and "bitching year after year and continue to hold" - these long time holders believe in the phenomenal and unprecedented efficacy of Afrezza. And that belief grounds their investment. Why would they sell now as you suggest, with the share price in the tank? To the contrary, it is their right to continue holding, expecting the market to eventually figure it out. That does not mean they shouldn't be allowed to voice concerns in the way the company is being run. You don't have to agree with those concerns, it's a message board and so inherently everyone won't agree with each other. You're not the only one who does it Joey, but it isn't right for folks who post facts or opinions that aren't rosy and bubbly to be automatically labelled trolls or shorts. It's inaccurate and does this message board a disservice. Well said. |
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Post by ktim on May 2, 2019 16:54:31 GMT -5
LOL!! Great thread for the trolls  Lot of insane folks here, bitching year after year and continue to hold or speak like their holders etc. and for the sour ones that continue to hold, be careful what you wish for...you can have all the CEO's you can possibly dream of but at the end of the day it doesn't change the hand the company was dealt. Afrezza is phenomenal, will continue to be phenomenal and as stated before why torture yourselves month in and month out...sell and move on. I believe if you don't have someone managing your funds for you and you're doing it yourself than Caveat Emptor applies to buying into your companies via purchasing stock. Don't blame anyone and everyone else and accept responsibility for your own due diligence. No one held a gun to anyone's head to push the buy button...and you're free to push the sell button at anytime as well...or you can just continue to feed the trolls You may not care for what I'm writing but it's the simple truth. If you don't like or approve of the CEO, vote with your shares either annually or by unloading them...so mytakeonit and others can continue to accumulate  ca·ve·at emp·tor /ˌkavēˌät ˈem(p)ˌtôr/ noun the principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made. "caveat emptor still applies when you are buying your house" It's very telling when legitimate shareholder concerns go unaddressed by management and instead the only response is from MNKD zealots telling the shareholders they should simply accept the destruction of wealth and walk away. If your view is reflective of management's view, and unfortunately we have no reason to believe otherwise, then they have no right being a publicly traded company. Management has fiduciary duties to shareholders, and shareholders have every right to speak up in questioning the execution of those duties. We are not at all solely responsible for checking the quality and suitability of the company. Legally there is a great deal of responsibility on the company to behave in a way that is suitable for having the public as owners, and the public should be able to count on that. This is absolutely necessary since there are legitimate reasons companies don't release enough internal details for shareholders to fully assess the situation as would happen with buying a house. I got to do an inspection of the house I bought. I wasn't given the ability to look at all the details of MNKD's financials, contracts, granular sales data, etc. The notion that bad managements shouldn't receive blame from shareholders is bizarre in my opinion. I think some here allocate more blame to management than I would, but diverting all blame from management onto shareholders as you try to do is certainly distorting the foundations of having publicly held corporations. |
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Post by blueice on May 2, 2019 17:21:03 GMT -5
LOL!! Great thread for the trolls Lot of insane folks here, bitching year after year and continue to hold or speak like their holders etc. and for the sour ones that continue to hold, be careful what you wish for...you can have all the CEO's you can possibly dream of but at the end of the day it doesn't change the hand the company was dealt. Afrezza is phenomenal, will continue to be phenomenal and as stated before why torture yourselves month in and month out...sell and move on. I believe if you don't have someone managing your funds for you and you're doing it yourself than Caveat Emptor applies to buying into your companies via purchasing stock. Don't blame anyone and everyone else and accept responsibility for your own due diligence. No one held a gun to anyone's head to push the buy button...and you're free to push the sell button at anytime as well...or you can just continue to feed the trolls You may not care for what I'm writing but it's the simple truth. If you don't like or approve of the CEO, vote with your shares either annually or by unloading them...so mytakeonit and others can continue to accumulate ca·ve·at emp·tor /ˌkavēˌät ˈem(p)ˌtôr/ noun the principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made. "caveat emptor still applies when you are buying your house" It's very telling when legitimate shareholder concerns go unaddressed by management and instead the only response is from MNKD zealots telling the shareholders they should simply accept the destruction of wealth and walk away. If your view is reflective of management's view, and unfortunately we have no reason to believe otherwise, then they have no right being a publicly traded company. Management has fiduciary duties to shareholders, and shareholders have every right to speak up in questioning the execution of those duties. We are not at all solely responsible for checking the quality and suitability of the company. Legally there is a great deal of responsibility on the company to behave in a way that is suitable for having the public as owners, and the public should be able to count on that. This is absolutely necessary since there are legitimate reasons companies don't release enough internal details for shareholders to fully assess the situation as would happen with buying a house. I got to do an inspection of the house I bought. I wasn't given the ability to look at all the details of MNKD's financials, contracts, granular sales data, etc. The notion that bad managements shouldn't receive blame from shareholders is bizarre in my opinion. I think some here allocate more blame to management than I would, but diverting all blame from management onto shareholders as you try to do is certainly distorting the foundations of having publicly held corporations. Excellent post. Current management is running this like a private company. A key company value per MNKD's website is transparency, but management provides zero transparency for shareholders. Everything this company does occurs in mystery. RLS also operates in the shadows cloaking activities and great employees such as ALB. Without any sustained share price appreciation, long share holders are expected to blindly support management's decisions and ineffective outcomes. We are also expected to feel bad when the company expects bonuses and raises. Management has regularly missed targets (i.e., script guidance, Brazil approval, impact of 2,500 ads), yet concerned longs automatically become fake longs when we question performance. Why aren't there clear performance metrics for management? Why doesn't the board hold Mike accountable to repeated, major misses? We continually have a carrot dangled in front of us yet the goal post to success is somewhere in the future with a nebulous timeline. It's time that management delivers material results that bring value to shareholders who have suffered massively by believing in Afrezza, Technosphere and Al Mann. Through our belief and dollars, we have provided the fuel for this company to keep its lights on, yet management continues to take a hostile stance that we and pps are not important. Rather than kick sand in our face, management should acknowledge investors, our frustration and start putting real points on the board to keep the company growing. |
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Post by mike0475 on May 2, 2019 17:22:33 GMT -5
Bad Mgmt? This is a new Mgmt team with less than 3 yrs piecing the EOR line every has held onto pre PF CEO
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Post by ryster505 on May 2, 2019 17:28:07 GMT -5
My favorite post of this year so far.... Rather than argue over Mike's bio, the original question was "Is the criticism fair?" The measure of success for a CEO from a shareholder perspective is the stock price. Others may argue that he shouldn't be focused on the share price, he should be focused on running the company. However, we all know the measure of a CEO is the share price! End of discussion. Mannkind has been stagnant far too long. This is concerning to me because it will affect the ability of the company to raise cash in the future, or at minimum the cost of raising that cash. This will hinder the ability of the company to promote Afrezza. My post above is illustrative of my point. Look at the share price, it's horrible! I don't know if Mike is the best CEO for Mannkind but I know he isn't improving the share price. Quite frankly from my perspective, rather than have a "little engine that could" CEO, I would rather have a "bull in the china shop" approach. This Mannkind story is getting too long in the tooth which is why I get a kick out of those who ask for patience. I have advocated for licensing out Afrezza to a large partner with deep pockets to promote it (and someone who understands what the hell it is) which will allow Mannkind to further develop new and innovative therapies. Keep the company small, overhead to a minimum and "wow" the world with new Technosphere treatment options. Mannkind is too small to take on big pharma. |
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Post by falconquest on May 2, 2019 17:30:41 GMT -5
Joey, it seems you are overlooking a basic dynamic at play here. Many long time holders who you characterize as insane and "bitching year after year and continue to hold" - these long time holders believe in the phenomenal and unprecedented efficacy of Afrezza. And that belief grounds their investment. Why would they sell now as you suggest, with the share price in the tank? To the contrary, it is their right to continue holding, expecting the market to eventually figure it out. That does not mean they shouldn't be allowed to voice concerns in the way the company is being run. You don't have to agree with those concerns, it's a message board and so inherently everyone won't agree with each other. You're not the only one who does it Joey, but it isn't right for folks who post facts or opinions that aren't rosy and bubbly to be automatically labelled trolls or shorts. It's inaccurate and does this message board a disservice. Wait, is it possible to give a double thumbs up plus? Great post cretin! |
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Post by letitride on May 2, 2019 18:55:38 GMT -5
I can confidently say the criticism isnt fair based solely on the fact life aint fair.
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Post by awesomo on May 2, 2019 19:02:48 GMT -5
I can confidently say the criticism isnt fair based solely on the fact life aint fair. By that logic, from Castagna's point of view, his criticism is fair because life isn't fair even if his criticism isn't warranted. So yeah, your argument is circular logic. |
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Post by nylefty on May 2, 2019 19:07:25 GMT -5
"Current management is running this like a private company...RLS also operates in the shadows cloaking activities and great employees such as ALB."
Huh? RLS is a private company. And Mike has been bashed for spending too much time answering questions on social media and by email. But he's also bashed for being "silent" and "providing zero transparency," despite his online activity and all the conference calls and media interviews. Management also answered our questions at last year's shareholders meeting and there's no reason to think that they won't do the same this year.
I am unhappy about the paper losses I've suffered so far and the lame commercial that should have been replaced long ago. But Mike inherited a terrible mess and overall has done a decent job given what he had to work with.
Now excuse me while l duck the incoming fire accusing me of being a "cheerleader," etc.
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Post by blueice on May 2, 2019 19:26:32 GMT -5
"Current management is running this like a private company...RLS also operates in the shadows cloaking activities and great employees such as ALB."Huh? RLS is a private company. And Mike has been bashed for spending too much time answering questions on social media and by email. But he's also bashed for being "silent" and "providing zero transparency," despite his online activity and all the conference calls and media interviews. Management also answered our questions at last year's shareholder's meeting and there's no reason to think that they won't do the same this year. I am unhappy about the paper losses I've suffered so far and the lame commercial that should have been replaced long ago. But Mike inherited a terrible mess and overall has done a decent job given what he had to work with. Now excuse me while l duck the incoming fire accusing me of being a "cheerleader," etc. I'll give you that on RLS, but Mannkind is also run like a private company and any guidance thus far has not created shareholder value (even the value of the United deal has been lost in the current share price / market cap). Also, Mike's sharing on social media in the past has typically focused on his fun experiences (football, hockey, Halloween). He also shares information via email with individual investors that is inappropriate (it's all up from here; 2019 is the year we make your retirement profitable). If you are happy with the current results, great. I'm not and feel like investors are continually strung along by each of the management regimes (can we get a "position of strength?!"). Also, based on the value of my investment, I feel I have bought the right to let my disatisfaction be known. Before you tell me to sell, I won't. I am sticking this out in the hope that someone comes to their senses to realize the value from Afrezza, Technosphere and the future pipeline. That's how I roll. Currently, we are engaging in costly experiments and just spinning our wheels. Someday I hope to eat crow, but currently I only dine with pigs.... |
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Post by longliner on May 2, 2019 19:45:28 GMT -5
"Current management is running this like a private company...RLS also operates in the shadows cloaking activities and great employees such as ALB."Huh? RLS is a private company. And Mike has been bashed for spending too much time answering questions on social media and by email. But he's also bashed for being "silent" and "providing zero transparency," despite his online activity and all the conference calls and media interviews. Management also answered our questions at last year's shareholders meeting and there's no reason to think that they won't do the same this year. I am unhappy about the paper losses I've suffered so far and the lame commercial that should have been replaced long ago. But Mike inherited a terrible mess and overall has done a decent job given what he had to work with. Now excuse me while l duck the incoming fire accusing me of being a "cheerleader," etc. It's coming from a long list of folks we will never meet in Vegas my friend.😏 |
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Post by longliner on May 2, 2019 19:54:50 GMT -5
Bad Mgmt? This is a new Mgmt team with less than 3 yrs piecing the EOR line every has held onto pre PF CEO Make no mistake, if a replacement CEO came in tomorrow, many of these same voices would simply throw a name swap to the criticism they levy. Some have honest issues, others will not stop until the Company is destroyed. |
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Lot of insane folks here, bitching year after year and continue to hold or speak like their holders etc. and for the sour ones that continue to hold, be careful what you wish for...you can have all the CEO's you can possibly dream of but at the end of the day it doesn't change the hand the company was dealt. Afrezza is phenomenal, will continue to be phenomenal and as stated before why torture yourselves month in and month out...sell and move on. I believe if you don't have someone managing your funds for you and you're doing it yourself than Caveat Emptor applies to buying into your companies via purchasing stock. Don't blame anyone and everyone else and accept responsibility for your own due diligence. No one held a gun to anyone's head to push the buy button...and you're free to push the sell button at anytime as well...or you can just continue to feed the trolls 
