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Post by kdaddyfresh2000 on Jan 17, 2017 12:55:44 GMT -5
I wonder how Mannkind is enticing folks to work there in light of the cash situation. Maybe Matt et al has assured them that they will have longterm cash to allay any fears they have over whether Mannkind will be a going concern. If so, I wish he would tell us what he told them. |
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Post by peppy on Jan 17, 2017 13:13:11 GMT -5
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Post by Deleted on Jan 17, 2017 13:15:02 GMT -5
I wonder how Mannkind is enticing folks to work there in light of the cash situation. Maybe Matt et al has assured them that they will have longterm cash to allay any fears they have over whether Mannkind will be a going concern. If so, I wish he would tell us what he told them. If it comes to it, dilution? which doesnt effect the hires in a significant way? The company did dilute a lot of times right when needed. |
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Post by madog365 on Jan 17, 2017 13:30:38 GMT -5
I wonder how Mannkind is enticing folks to work there in light of the cash situation. Maybe Matt et al has assured them that they will have longterm cash to allay any fears they have over whether Mannkind will be a going concern. If so, I wish he would tell us what he told them. Any industry professional should be able to see the tremendous opportunity that Mannkind represents for their career. Similar reasons as to why i remain such an optimistic investor here. Incredible FDA approved product. The only one of its kind on the market available to a growing diabetes customer segment. Opportunity to turn a company around from rock bottom is an experience that will land you any job you want in the future. This is the ground floor. Company equity and options definitely are a big selling point for them. |
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Post by sweedee79 on Jan 17, 2017 13:30:58 GMT -5
I tend to agree with you Peppy....... with everything there is a risk... but these people have a dream and a belief ... and who knows maybe there is something else in the works..  . all I know is Afrezza is totally amazing.... Al Mann had a dream too... he knew what he had and he believed in it so much that he risked a large part of his fortune .... MNKD IS NOT GIVING UP...... they are in it to win it.... and I'm along with them... 3 Amgen employees... looking good to me... positive things happening all of the time no matter what the naysayers or the "realists" say ... |
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Post by silentknight on Jan 17, 2017 13:35:58 GMT -5
I don't think anyone coming into the company is too worried, or gives much thought at all, to the company's financials before accepting a position. Think about it, did you financially vet any companies you've worked for before you accepted a position. Most people haven't done that either and I'd wager none of the recent hires are right there with them. People are more focused on the job, what their responsibilities are, what challenges they might face and aren't worried about the 40,000 foot view of the company all together. That's the CEO/CFO's job and that's Matt in both cases. Mike probably isn't, and shouldn't be worried about the company's finances. If he is, I certainly wish he'd focus on his one and only job: sell Afrezza.
So no, I don't think new hires are vetting MNKD before accepting positions and no, I don't think that MNKD hiring someone means that good things are on the horizon because somehow someway MNKD hiring someone means anything other than what it is on face value. MNKD offered them a job that probably pays pretty well and it would be an improvement from their previous job. It's why people accept any job. I think that's as far as you can read into it. But that's just my opinion.
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Post by mannkindly on Jan 17, 2017 13:46:17 GMT -5
I have worked at many companies, and jumped to many new "opportunities". And only once (out of 11 job moves) did I jump to a sinking ship because I got laid-off and had nothing better. I even turned-down a Fortune-20 company last year because they could only guarantee me 1 year employment. These Amgen guys aren't jumping to MNKD without big guarantees and have gotten huge insider knowledge.
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Post by madog365 on Jan 17, 2017 13:56:03 GMT -5
I don't think anyone coming into the company is too worried, or gives much thought at all, to the company's financials before accepting a position. Think about it, did you financially vet any companies you've worked for before you accepted a position. Most people haven't done that either and I'd wager none of the recent hires are right there with them. People are more focused on the job, what their responsibilities are, what challenges they might face and aren't worried about the 40,000 foot view of the company all together. That's the CEO/CFO's job and that's Matt in both cases. Mike probably isn't, and shouldn't be worried about the company's finances. If he is, I certainly wish he'd focus on his one and only job: sell Afrezza. So no, I don't think new hires are vetting MNKD before accepting positions and no, I don't think that MNKD hiring someone means that good things are on the horizon because somehow someway MNKD hiring someone means anything other than what it is on face value. MNKD offered them a job that probably pays pretty well and it would be an improvement from their previous job. It's why people accept any job. I think that's as far as you can read into it. But that's just my opinion. This is just a ridiculous thing to say that people don't properly vet a company before joining. It would be so irresponsible for an executive level professional to not vet a company's financial position before joining when a huge chunk of compensation is related to stock performance. Maybe if you are a fry cook at mcdonalds then the financial position of mcdonalds may not matter to you. Joining a new company at the highest levels is a huge decision, it's a long term decision that impacts your career, your life, and your family. Nobody jumps on a sinking ship if they think it is sinking, a few months of salary aren't worth it. |
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Post by lakon on Jan 17, 2017 14:28:50 GMT -5
I don't think anyone coming into the company is too worried, or gives much thought at all, to the company's financials before accepting a position. Think about it, did you financially vet any companies you've worked for before you accepted a position. Most people haven't done that either and I'd wager none of the recent hires are right there with them. People are more focused on the job, what their responsibilities are, what challenges they might face and aren't worried about the 40,000 foot view of the company all together. That's the CEO/CFO's job and that's Matt in both cases. Mike probably isn't, and shouldn't be worried about the company's finances. If he is, I certainly wish he'd focus on his one and only job: sell Afrezza. So no, I don't think new hires are vetting MNKD before accepting positions and no, I don't think that MNKD hiring someone means that good things are on the horizon because somehow someway MNKD hiring someone means anything other than what it is on face value. MNKD offered them a job that probably pays pretty well and it would be an improvement from their previous job. It's why people accept any job. I think that's as far as you can read into it. But that's just my opinion. This is just a ridiculous thing to say that people don't properly vet a company before joining. It would be so irresponsible for an executive level professional to not vet a company's financial position before joining when a huge chunk of compensation is related to stock performance. Maybe if you are a fry cook at mcdonalds then the financial position of mcdonalds may not matter to you. Joining a new company at the highest levels is a huge decision, it's a long term decision that impacts your career, your life, and your family. Nobody jumps on a sinking ship if they think it is sinking, a few months of salary aren't worth it. Evidence to the contrary: DeSisto. I get your point, but MNKD is kind of like Bizarro World. Things rarely fit with common sense, conventional wisdom, reason, or logic, but something is ALWAYS most DEFINITELY going on as long as it is the OPPOSITE of what you think... Sometimes this benefits you, sometimes not. |
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Post by silentknight on Jan 17, 2017 15:19:56 GMT -5
This is just a ridiculous thing to say that people don't properly vet a company before joining. It would be so irresponsible for an executive level professional to not vet a company's financial position before joining when a huge chunk of compensation is related to stock performance. Maybe if you are a fry cook at mcdonalds then the financial position of mcdonalds may not matter to you. Joining a new company at the highest levels is a huge decision, it's a long term decision that impacts your career, your life, and your family. Nobody jumps on a sinking ship if they think it is sinking, a few months of salary aren't worth it. Evidence to the contrary: DeSisto. I get your point, but MNKD is kind of like Bizarro World. Things rarely fit with common sense, conventional wisdom, reason, or logic, but something is ALWAYS most DEFINITELY going on as long as it is the OPPOSITE of what you think... Sometimes this benefits you, sometimes not. Also evidence to the contrary, the lack of filed 8-K forms notifying the public of material events to indicate than MNKD has other than a few months of life left in it before dilution or bankruptcy occurs, i.e. basically where we were in November. I don't think any of these people have been "lured" away from Amgen. Agedhippie made a very convincing argument that their recent HR hire was likely let go from Amgen. The same might be the case for their new digital marketing guy. Matt can't make promises that MNKD will survive past Q3 2017 without revealing material information, which much be disclosed. As many have said, these people really don't have much to lose in working with MNKD. If the company fails, they can blame the terrible situation the company was already in before they came on. If it succeeds, they can take credit for the turnaround. The risk to their reputation is minimal while the potential reward could be huge. I think you overestimate the importance of company financials in accepting a position. If the company is in better shape than it appears, as you suggest, and Matt has shared with them the good news that MNKD will be saved, then the company better be filing some long overdue 8-Ks, otherwise they're withholding material information from shareholders, which is illegal. Since there have been no 8-ks other what what we already know, the likelihood that the company financials are anything other than stated is zero, which means these folks are indeed working for a company that very well might go under. Sometimes you take chances with your career. Sometimes they pay off, sometimes they don't. This is likely one of those cases for all the new hires from Amgen. |
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Post by kdaddyfresh2000 on Jan 17, 2017 15:41:30 GMT -5
Well, regarding dilution, this is why I don't gain any solace from Matt's "encouraging words." When he says, he "is not concerned" about delisting, etc., he still gets paid hundreds of thousands of dollars per year while we take yet another bath. The Ven diagram does not overlap. Plus, he has, um, misstated a lot in the past to say the least.
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Post by gamblerjag on Jan 17, 2017 15:50:43 GMT -5
Personally, I don't think Matt's comments of not being concerned was from an selfish (he still gets paid) perspective. I'm guessing/hoping that it was from a business/shareholder perspective. I may be naïve but just feel that way.
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Post by madog365 on Jan 17, 2017 16:12:55 GMT -5
Evidence to the contrary: DeSisto. I get your point, but MNKD is kind of like Bizarro World. Things rarely fit with common sense, conventional wisdom, reason, or logic, but something is ALWAYS most DEFINITELY going on as long as it is the OPPOSITE of what you think... Sometimes this benefits you, sometimes not. Also evidence to the contrary, the lack of filed 8-K forms notifying the public of material events to indicate than MNKD has other than a few months of life left in it before dilution or bankruptcy occurs, i.e. basically where we were in November. I don't think any of these people have been "lured" away from Amgen. Agedhippie made a very convincing argument that their recent HR hire was likely let go from Amgen. The same might be the case for their new digital marketing guy. Matt can't make promises that MNKD will survive past Q3 2017 without revealing material information, which much be disclosed. As many have said, these people really don't have much to lose in working with MNKD. If the company fails, they can blame the terrible situation the company was already in before they came on. If it succeeds, they can take credit for the turnaround. The risk to their reputation is minimal while the potential reward could be huge. I think you overestimate the importance of company financials in accepting a position. If the company is in better shape than it appears, as you suggest, and Matt has shared with them the good news that MNKD will be saved, then the company better be filing some long overdue 8-Ks, otherwise they're withholding material information from shareholders, which is illegal. Since there have been no 8-ks other what what we already know, the likelihood that the company financials are anything other than stated is zero, which means these folks are indeed working for a company that very well might go under. Sometimes you take chances with your career. Sometimes they pay off, sometimes they don't. This is likely one of those cases for all the new hires from Amgen. Ah of course, Agedhippie talked to his buddy working at amgen who spoke with a few people at the water cooler and there is a rumor going around that he was fired! What a convincing argument, since it was posted on the internet it must be true. I disagree with your assessment that these people have nothing to lose. There is something called opportunity cost. |
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Post by buyitonsale on Jan 17, 2017 16:24:24 GMT -5
Monthly cash burn will remain the same as guided by Matt last week. All the new hires included.
The company will execute on all initiatives in 2017 as guided.
If there is no additional cash infusion by Q3, they will dilute or get other financing.
They will just keep going until they succeed, get used to it!
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Post by wildthing on Jan 17, 2017 20:09:49 GMT -5
Monthly cash burn will remain the same as guided by Matt last week. All the new hires included. The company will execute on all initiatives in 2017 as guided. If there is no additional cash infusion by Q3, they will dilute or get other financing. They will just keep going until they succeed, get used to it! "Monthly cash burn will remain the same as guided by Matt last week. All the new hires included." How is that possible? Even aside from new management and other non-sales rep hires, it was stated that they were looking to get up to, as I recall, 95 new reps. Plus they said they were increasing advertising, helping fund a reality series, develop new products, etc. I would think it'd be necessary that the burn increase substantially. Where could they cut current expenses? |
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. all I know is Afrezza is totally amazing.... Al Mann had a dream too... he knew what he had and he believed in it so much that he risked a large part of his fortune .... MNKD IS NOT GIVING UP...... they are in it to win it.... and I'm along with them... 3 Amgen employees... looking good to me... positive things happening all of the time no matter what the naysayers or the "realists" say ... 
