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Post by 1 percenter on Oct 1, 2015 11:00:03 GMT -5
FWIW, many big pharmas continuously lay off people. They call it "reallocation" but it's just the Jack Welsh style of management, always trimming trimming trimming... True but they aren't Mannkind with a huge target on its back and most also have a decent pipeline. MNKD has no pipeline. All we know is they are working on "things" that have yet to be actually announced as to what exactly they are. The absolute negligence of management on building a pipeline and giving away what it did have for 100% of nothing is now coming back to haunt them and the stock as we are now seeing.
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Post by mnkdorbust on Oct 1, 2015 11:06:21 GMT -5
Al's getting beat up from multiple directions. EYES is down to 5.65 today from $16 several months ago. I just watch it from the sidelines as i do not own any EYES but have often contemplated taking a very small stake.
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Post by patryn on Oct 1, 2015 13:20:13 GMT -5
With the current level of sales and cash burn, layoffs is not a bad idea since it is a waiting game to see how SNY continues the Afrezza launch. Having a smaller more efficiently running company has been the goal for some time with the moves made to shutter facilities and consolidate. You can always hire later when profitable. Not sure I see this as a negative more than a reaffirmation of the lack of sales so far.
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Post by patryn on Oct 1, 2015 13:22:52 GMT -5
Who among us has the balls to load up the truck now?? My last purchase was 2 weeks ago and I'm spent. I will be buying more when I get back from my Hawaii vacation. Time zone and spotty Internet make it hard to buy at stock, so I will wait until I am back on the mainland. If I miss my chance for the lowest price then so be it.
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Post by jay1ajay1a on Oct 1, 2015 14:10:38 GMT -5
Who among us has the balls to load up the truck now?? My last purchase was 2 weeks ago and I'm spent. I will be buying more when I get back from my Hawaii vacation. Time zone and spotty Internet make it hard to buy at stock, so I will wait until I am back on the mainland. If I miss my chance for the lowest price then so be it. I will be also, but I am not Hawaii.
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Post by mnkdorbust on Oct 1, 2015 14:21:24 GMT -5
I was hoping to go to Hawaii with some MNKD gains but instead i'm sitting at home looking for change to buy more shares
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Post by compound26 on Oct 1, 2015 14:48:19 GMT -5
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Post by harryx1 on Oct 1, 2015 14:58:33 GMT -5
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Post by _neil on Oct 1, 2015 16:09:15 GMT -5
Is $15 too much to ask for? Al, make it happen!!! LOL I wish we could have a serious discussion on what we think Al would or could take the company private for, based on past experience investing? or experience in the private sector? $5 is my break even and considering the lack of opportunity cost in the broader market in the timeframe I've been invested, I wouldn't stand in Al's way if he went for >$5. I'll wash my hands off this trainwreck for 4.50$ If the tiny sample size of this board is able to price MNKD at 4.50, imagine what the real market will do to this company? I throw in my towel today. There is no redemption for this stock or the company. As far as I am concerned, Al Mann stole my money.
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Post by Deleted on Oct 1, 2015 16:17:19 GMT -5
I wish we could have a serious discussion on what we think Al would or could take the company private for, based on past experience investing? or experience in the private sector? $5 is my break even and considering the lack of opportunity cost in the broader market in the timeframe I've been invested, I wouldn't stand in Al's way if he went for >$5. I'll wash my hands off this trainwreck for 4.50$ If the tiny sample size of this board is able to price MNKD at 4.50, imagine what the real market will do to this company? I throw in my towel today. There is no redemption for this stock or the company. As far as I am concerned, Al Mann stole my money. Neil how about selling and going away?
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Post by _neil on Oct 1, 2015 16:21:29 GMT -5
I'll wash my hands off this trainwreck for 4.50$ If the tiny sample size of this board is able to price MNKD at 4.50, imagine what the real market will do to this company? I throw in my towel today. There is no redemption for this stock or the company. As far as I am concerned, Al Mann stole my money. Neil how about selling and going away? That's exactly what I meant by throwing in the towel. Don't mind me I wish the management came to the company and the product's defense with as much eagerness as people like you on the board show to put dissenters like me in their place. Good luck to all.
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Post by harrys on Oct 1, 2015 16:44:08 GMT -5
I wish we could have a serious discussion on what we think Al would or could take the company private for, based on past experience investing? or experience in the private sector? $5 is my break even and considering the lack of opportunity cost in the broader market in the timeframe I've been invested, I wouldn't stand in Al's way if he went for >$5. I'll wash my hands off this trainwreck for 4.50$ If the tiny sample size of this board is able to price MNKD at 4.50, imagine what the real market will do to this company? I throw in my towel today. There is no redemption for this stock or the company. As far as I am concerned, Al Mann stole my money. The reality is WallStreet stole your money, keep in mind Al Mann had many magnitudes more money stolen than yourself. Actually just to be clear most it would seem would put the sale price closer to $15, I've only seen a few brave souls willing to admit a premium of just 50% from the current PPS as being realistic under these circumstances. There may still be redemption yet! I would admittantly take $5 today, but if no one walks up and offers, I have every intention of holding my loss and seeing this thing through.
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Post by savzak on Oct 1, 2015 16:58:06 GMT -5
I would admittantly take $5 today, but if no one walks up and offers, I have every intention of holding my loss and seeing this thing through. Funny, I wouldn't take $5 today if, as a condition of the sale, I am prevented from buying back in. In other words, I might sell for $5, but it would likely only be for a trade. Ultimately, whether I would sell at $5 would depend on what drove the price to $5 in the first place.
I think Afrezza will be wildly successful. My primary concern is whether MNKD in it's current iteration will own it when that happens. We only have so much time.
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Post by _neil on Oct 1, 2015 17:01:40 GMT -5
Yes harrys, I do realize his own losses are orders of magnitude greater than mine. But as a retail investor, his reputation and experience are half the reason my money went into MNKD. The other half of course is the product itself. He has a fiduciary duty to take care of his company for the sake of people like me- not just an invent-assemble-team and forget. My attitude towards Wall st is decidedly neutral. They put money where their mouth is as much as we do. If they are unfairly picking on MNKD, it's because this management is giving them that edge. Not because there is some nefarious team with unfathomable motive. They picked a team that is both incompetent and unaware of their own strengths and weaknesses and went to town with it. It might not be ethical but it's not especially unfair. Just because we are being beat up doesn't mean we get to complain about the rules. They existed long before MNKD and they will long after.
The layoffs are probably not a great concern in the big picture. For me, this is just another symptom of the underlying rot of incompetence and lack of setting and aggressive pursuit of goals. Thanks for being polite, btw
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Post by rch51 on Oct 1, 2015 17:58:11 GMT -5
I wish we could have a serious discussion on what we think Al would or could take the company private for, based on past experience investing? or experience in the private sector? $5 is my break even and considering the lack of opportunity cost in the broader market in the timeframe I've been invested, I wouldn't stand in Al's way if he went for >$5. I'll wash my hands off this trainwreck for 4.50$ If the tiny sample size of this board is able to price MNKD at 4.50, imagine what the real market will do to this company? I throw in my towel today. There is no redemption for this stock or the company. As far as I am concerned, Al Mann stole my money. Bye, bye. Please don't slam the door when you leave. Sheesh!
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