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Post by kdaddyfresh2000 on Sept 30, 2015 21:24:08 GMT -5
That explains Roberta's specific response to my question yesterday , I foolishly asked if they laid off 130 employees & she replied " as far as 130 , that is not true " . I should have been more vague with my question & followed up more , but I suppose it wouldn't change a thing . I do wish she was more up front about it though . Ugh ! I'm not so savvy when it comes to dealing w/ IR , lesson learned ! MNKD folks are perfectly Clintonesque on their parsing of words. Kevinmik - for all of his foibles - said Matt told him no layoffs and I believe Kevinmik's account. Someone give me a reason to trust their credibility going forward please....
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Post by ricguy on Sept 30, 2015 21:42:17 GMT -5
That explains Roberta's specific response to my question yesterday , I foolishly asked if they laid off 130 employees & she replied " as far as 130 , that is not true " . I should have been more vague with my question & followed up more , but I suppose it wouldn't change a thing . I do wish she was more up front about it though . Ugh ! I'm not so savvy when it comes to dealing w/ IR , lesson learned ! MNKD folks are perfectly Clintonesque on their parsing of words. Kevinmik - for all of his foibles - said Matt told him no layoffs and I believe Kevinmik's account. Someone give me a reason to trust their credibility going forward please.... rofl, lol ahahhahaha puhleaze you trust KevinMik a guy or girl not sure, who screams buyout every other month for the last two years
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Post by ricguy on Sept 30, 2015 21:45:23 GMT -5
MannKind is being right-sized for future Afrezza sales and product development. It would be irresponsible for management to have excess employees during this challenging period. It is unfortunate for employees but it is a necessary evil. yep nothing to see here were fine."Pfeffer told The News-Times in a statement earlier this week. “The projected sales curve for our lead product is also different than we anticipated" what a joke, were hitting $2s kids buckle up!
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Post by kdaddyfresh2000 on Sept 30, 2015 22:02:36 GMT -5
MNKD folks are perfectly Clintonesque on their parsing of words. Kevinmik - for all of his foibles - said Matt told him no layoffs and I believe Kevinmik's account. Someone give me a reason to trust their credibility going forward please.... rofl, lol ahahhahaha puhleaze you trust KevinMik a guy or girl not sure, who screams buyout every other month for the last two years I believe he talked to Matt last Friday because I also talked to Matt last Friday.
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Post by purge on Sept 30, 2015 22:13:09 GMT -5
I am about ready to give up, take my loss, move, on and never look back.
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Post by lynn on Sept 30, 2015 22:13:49 GMT -5
Can someone else call IR ? I'm so new to this that I probably could have handled the call better . I got the impression that Roberta is used to getting alil beat up these days from disgruntled SH. I was really nice to her , to the point that she told me she enjoyed our conversation . I suppose they are more tight lipped than ever after settling a previous law suit . But I'm rather disappointed that she wasn't more forth coming with me .
At the same time , I can see why we don't need 3 lines running if 1 has an abundance of surplus ( 160,000 pts per year if my memory serves me right ) . And if we don't need that now bc the company has to run a tight ship financially , I get that . I'm not selling nor even thinking about it ( if I was even & not facing a > than 50% loss , I'm not certain if I'd feel the same way ) . So I'll try my best to look at this as a selfish blessing that leaves me no choice but to hang on .
And if I think about it abit longer , if I were even today , I still don't think I'd sell , but the Science only goes so far ...
It is a bit of a bummer as much as I get it . I like people who communicate , Mannkind is not good at this ...
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Post by purge on Sept 30, 2015 22:21:18 GMT -5
Can someone else call IR ? I'm so new to this that I probably could have handled the call better . I got the impression that Roberta is used to getting alil beat up these days from disgruntled SH. I was really nice to her , to the point that she told me she enjoyed our conversation . I suppose they are more tight lipped than ever after settling a previous law suit . But I'm rather disappointed that she wasn't more forth coming with me . At the same time , I can see why we don't need 3 lines running if 1 has an abundance of surplus ( 160,000 pts per year if my memory serves me right ) . And if we don't need that now bc the company has to run a tight ship financially , I get that . I'm not selling nor even thinking about it ( if I was even & not facing a > than 50% loss , I'm not certain if I'd feel the same way ) . So I'll try my best to look at this as a selfish blessing that leaves me no choice but to hang on . And if I think about it , if I were even today , I still don't think I'd sell . But it is a bit of a bummer as much as I get it . I like people who communicate , Mannkind is not good at this ...
This is an understatement..... at this point they are not even trying to communicate..... if they don't change this and soon, we can go down to the low $2's or even sub-$2.
Most companies at least try to communicate and try to be transparent. There is no wonder why wall street hates mannkind. I am beginning to believe that mannkind hates it own shareholders.
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Post by notamnkdmillionaire on Sept 30, 2015 22:59:06 GMT -5
Well that's just a punch to the nuts.
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Post by lynn on Sept 30, 2015 23:04:37 GMT -5
Or perhaps they want to take the company private for a cheap price ? Sorry! I'm not trying to be a conspiracy theorist , but I like to look at all possible angles .
I am a fan of the Sauna at my gym & occasionally I get to hear some great conversations (& for anyone with a dirty mind , we're all fully clothed ) . One of my retired friends who I know from hanging out there , told me a story about ( I believe it was a restaurant chain called the Daily Grill) anyways he said he lost $60k bc the company drove the SP down to $1 before taking it private .
This is a purely FWIW comment as I don't believe that's the intention of Mannkind , that's just been in the back of my mind since my gym friend told me that story ... I'm on the roller coaster of yes I'm 90% confident in this company to now when I'm 40% ...
My frustration lies ( which I know most have also expressed ) with the Lack of Communication ... That's the key to any successful relationship right ?
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Post by newmnkdinvestor on Sept 30, 2015 23:10:20 GMT -5
Or perhaps they want to take the company private for a cheap price ? Sorry! I'm not trying to be a conspiracy theorist , but I like to look at all possible angles . I am a fan of the Sauna at my gym & occasionally I get to hear some great conversations (& for anyone with a dirty mind , we're all fully clothed ) . One of my retired friends who I know from hanging out there , told me a story about ( I believe it was a restaurant chain called the Daily Grill) anyways he said he lost $60k bc the company drove the SP down to $1 before taking it private . This is a purely FWIW comment as I don't believe that's the intention of Mannkind , that's just been in the back of my mind since my gym friend told me that story ... I'm on the roller coaster of yes I'm 90% confident in this company to now when I'm 40% ... My frustration lies ( which I know most have also expressed ) with the Lack of Communication ... That's the key to any successful relationship right ? This isn't a relationship. We are a door mat.
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Post by bradleysbest on Sept 30, 2015 23:10:59 GMT -5
I would give you my thoughts on the layoffs but for competitive reasons I won't......
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Post by Chris-C on Sept 30, 2015 23:36:32 GMT -5
I'm not trying to defend the company's poor shareholder communication practices, but there does not seem to be anything in this report that differs significantly from what the company disclosed in its comments on consolidation and reductions in expenses during the August call. Unless the size of the layoffs is significant and unanticipated, it sounds to me like prudent operational "right-sizing" which seems appropriate given the slower than expected ramp up in scripts. Before I form any conclusions, I would like to get more details to ascertain whether this should be interpreted as an alarm bell or seen as an appropriate operational response to market demand. The slow script numbers are known, and MNKD has acknowledged that they are behind expectations. It would seem irresponsible to not make operational adjustments accordingly, especially if the company needs to use cash to discharge the convertible note obligations because of the recent share price beat down. Lots of companies are announcing workforce reductions because of softening global economic conditions. In some cases, these announcements have a positive impact on share price.
It would seem appropriate to wait and see if MNKD deems it sufficiently material so as to issue a press release about it, as then it will become worthy of the tempest created by biotec's post. Biotec linked to an article in a Danbury (local) business journal, not the WSJ or Bloomberg. To call it a third round of layoffs is, in my mind, somewhat misleading —given the overall circumstances and changes in the structure of the company and its needs following Afrezza's approval and the partnership deal with Sanofi. My conclusion is there is insufficient detail here to make an informed assessment of its significance.
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Post by notamnkdmillionaire on Sept 30, 2015 23:38:51 GMT -5
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Post by jpg on Sept 30, 2015 23:39:28 GMT -5
This may sound counterintuitive but who wasn't expecting this? The sales suck, the convertible turned into a fiasco and the workers aren't, for now needed.
Why the surprise? I think most are more worried about effect on share price than on overall cost benefit to Mannkind long term. I personally welcome sound financial management and would have been more worried if they kept on workers that aren't needed. No?
Will this be used by bashers? Obviously. Will it hurt Mannkinds long term sales prospects? No.
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Post by harrys on Oct 1, 2015 0:21:40 GMT -5
This may sound counterintuitive but who wasn't expecting this? The sales suck, the convertible turned into a fiasco and the workers aren't, for now needed. Why the surprise? I think most are more worried about effect on share price than on overall cost benefit to Mannkind long term. I personally welcome sound financial management and would have been more worried if they kept on workers that aren't needed. No? Will this be used by bashers? Obviously. Will it hurt Mannkinds long term sales prospects? No. Apparently nobody on this board was expecting this except myself and the newbie from the Sanofi Insulin thread who got torn to shreds... I think the writing was on the wall, but it says something about the jaded outlook and rose colored glasses on this board that YMB was able to provide this info as fact before anyone here would even consider it. Tisk tisk.
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