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Post by mnholdem on May 30, 2017 15:30:37 GMT -5
CA could commandeer the water from your thousands of golf courses. That would provide you with at least two years of water and would significantly improve baba's golf game.
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Post by reality on May 30, 2017 15:33:10 GMT -5
Here's a dose of reality for all -Matt sucked. He was the most inept CEO I have known. He was totally unprepared for the job. If he was FIRED, I say good riddance. If he also has a GOLDEN parachute (which he has been denying) then shareholders have been screwed and he (Matt) will be totally fine. I do NOT share any sympathy for Matt. He had control of the company since January 2016. In fact he knew Sanofi was leaving with the many many hints they had provided before leaving and he had no plan except for stupid RLS, which is still a bunch of BS if you ask me. The fact of the matter is that today, an entire year and a half AFTER Sanofi left we still sit at less than 300 total scripts per week. I have lost a lot of money, a lot of life savings, (as have many) and Matt gets defended here along with a golden parachute? I call BS when I see it!
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Post by tingtongtung on May 30, 2017 15:37:39 GMT -5
CA could commandeer the water from your thousands of golf courses. That would provide you with at least two years of water and would significantly improve baba's golf game. Problem is its the CEOs (and other CXX folks) that want the golf courses, not us - the engineers. If you let engineers rule the country, we will fix everything in 6 months :-) Sorry about going off track!
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Post by oldfishtowner on May 30, 2017 15:40:56 GMT -5
Hope Matt will deliver the partnership deal he hinted many times before leaving in July. That's my guess. I believe that MNKD's near-term financial problems will be solved before Matt leaves. I don't believe BK in in the picture. The stock is up today. Sell on the news. If this were the news that has been driving the stock up, then we should have dropped today, especially since the market was down today. At the least, the market interpreted today's news as favorable, not a sign of impending bankruptcy. Perhaps Matt is leaving because of a health issue. The PR might not have mentioned this because the market would have interpreted this as an unforeseen disruption in the company's management and would have punished the stock. I also would not dismiss Kent Kresa's positive assessment of the company's future, as some do. He has a reputation for turning around companies and I do not think he would have made such an optimistic statement if the company were heading into bankruptcy. As for sales, if this is the time the BOD chose to replace Matt with Mike, I presume that the marketing team is doing well and no longer needs Mike's full attention, which could also imply that scripts are progressing better than is apparent from the Symphony data so far. It could be, as some have suggested, that today marks a new chapter in the company's story. We have finished the Al Mann/Matt Pfeffer chapter and are now beginning the Kent Kressa/Mike Castagna chapter. While bankruptcy still has to be considered a possibility, at least until MNKD's cash problem is fixed, I don't believe today's news points in that direction.
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Post by BlueCat on May 30, 2017 15:53:47 GMT -5
I step away for two days. sheesh.
Odd to me if this was pre-planned that they didn't announce it with the ASM and have the transition happen there. IMO, either it wasn't nice, or, there is something in the works.
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Post by derek2 on May 30, 2017 16:00:08 GMT -5
I think this is good news. I don't see Mike C. as a C-suite type, but that's not what MNKD needs. He's a hill charger, and that _is_ what the company needs.
I don't know how MNKD solves their liquidity issues to give themselves the 2 years they need for a reset. That's what keeps me bearish. Who knows, though - Mike's energy could spark renewed investor interest, making it feasible to raise cash.
Best wishes to all - my puts are worthless, so here's hoping for a run up for the rest of you.
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Post by uvula on May 30, 2017 16:00:15 GMT -5
Here's a dose of reality for all -Matt sucked. He was the most inept CEO I have known. I've never been an executive but my guess is most CEOs would not have touched MNKD with a 10 foot pole. It is very difficult to run a company when the company has almost no money. I don't think Jack Welch or Warren Buffet would have been able to do a better job than Matt did. All the things you normally do to turn around a company require money or large investors willing to invest money. For all the people who think Matt did a bad job: What would you have done differently? What should the company do now? The only things I can think of would not bode well for the current shareholders.
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Post by therealisaching on May 30, 2017 16:02:39 GMT -5
Here's a dose of reality for all -Matt sucked. He was the most inept CEO I have known. I've never been an executive but my guess is most CEOs would not have touched MNKD with a 10 foot pole. It is very difficult to run a company when the company has almost no money. I don't think Jack Welch or Warren Buffet would have been able to do a better job than Matt did. All the things you normally do to turn around a company require money or large investors willing to invest money. For all the people who think Matt did a bad job: What would you have done differently? What should the company do now? The only things I can think of would not bode well for the current shareholders. Advertised. I cant believe its almost June of 2017 and there is no DTC campaign to speak of
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Post by rockstarrick on May 30, 2017 16:09:07 GMT -5
I've never been an executive but my guess is most CEOs would not have touched MNKD with a 10 foot pole. It is very difficult to run a company when the company has almost no money. I don't think Jack Welch or Warren Buffet would have been able to do a better job than Matt did. All the things you normally do to turn around a company require money or large investors willing to invest money. For all the people who think Matt did a bad job: What would you have done differently? What should the company do now? The only things I can think of would not bode well for the current shareholders. Advertised. I cant believe its almost June of 2017 and there is no DTC campaign to speak of That would be the correct answer 💯 Im quite sure that literally every single long Investor would agree with this,, yes, I know, we need to educate the Dr's, we have to wait for this, and we cannot do it until we finish that...... ITS TIME TO ADVERTISE !!! Scream it from the highest mountain Mike C !! The World needs to know about Afrezza !! GO MANNKIND !
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Post by saxcmann on May 30, 2017 16:13:11 GMT -5
I step away for two days. sheesh. Odd to me if this was pre-planned that they didn't announce it with the ASM and have the transition happen there. IMO, either it wasn't nice, or, there is something in the works. Good point. It was planned so why not announce at ASM? 🤔
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Post by boca1girl on May 30, 2017 16:23:33 GMT -5
I step away for two days. sheesh. Odd to me if this was pre-planned that they didn't announce it with the ASM and have the transition happen there. IMO, either it wasn't nice, or, there is something in the works. Good point. It was planned so why not announce at ASM? 🤔 The Chairman was MIA for the ASM. Matt was hosting in his place. Would it be appropriate for Matt to announce he was being replaced? i hope Mike hosts a webcast very soon to give us his vision for the company and some insight on the management transition.
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Post by compound26 on May 30, 2017 16:30:34 GMT -5
I step away for two days. sheesh. Odd to me if this was pre-planned that they didn't announce it with the ASM and have the transition happen there. IMO, either it wasn't nice, or, there is something in the works. However, on the other end, at the ASM, Matt did not speak a word. So probably the transition was already at least hinted or planned at that time. My guess is that, since Matt was included in the list of directors that was being voted by the shareholders at the ASM, it will be odd that while shareholders vote for his directorship, he is being replaced as CEO and therefore needs to be replaced as a director as well. So no announcement at the ASM. And then after the ASM is over for one or two weeks, Mannkind announces Matt's stepping down as CEO.
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Post by buyitonsale on May 30, 2017 16:31:17 GMT -5
My first thought about this news was a disappointment that Matt did not complete any foreign distribution deals to date. Removing him at this stage implies that these deals may not be coming to fruition. I am hoping that staying in the advising capability until July means that these deals are still going forward. Other than that, Mike C is an excellent source of energy, commercialization experience and forward thinking that company needs. He deserves this opportunity. His efforts to bring in the collaboration with One Drop should prove very beneficial. I will not speculate on the Amgen connection but that does not hurt either CEO short list for the next 2 months: Find cash for the next 6 to 12 months.
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Post by dg1111 on May 30, 2017 16:35:53 GMT -5
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Post by factspls88 on May 30, 2017 16:39:19 GMT -5
Updating the website has not been a strong suit of the Mannkind team. Mike's not there either.
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