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Post by dreamboatcruise on May 30, 2017 17:03:40 GMT -5
lol 90% on this board lost more then they can afford to lose I haven't "lost" a penny because I haven't sold as I averaged down. You're mostly talking about paper losses, which may or may not turn into real losses. And regardless of ones level of optimism about a turnaround... when dilution occurs I consider that losing. For people that bought in at the IPO, even if the company is successful they now own a much smaller piece of the MNKD pie. So unless you believe in a magical world where no matter how much dilution occurs, the potential for MNKD ultimate market cap expands to absorb the dilution, our positions have lost value because they have been diluted.
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Post by dreamboatcruise on May 30, 2017 17:14:24 GMT -5
People need to give MNKD time to get traction. It is not a marketing but a drug developing company. The colossal mistake was believing SNY to sell the drug that compete with SNY's own arsonal of diabetes drugs. Afrezza needs new sale force the miracle of time. MNKD is one with the force and the force is with MNKD Agree with you 100%.... but minor addition... the only "people" that can give MNKD the time required to get traction would be people with very deep pockets, as obviously MNKD has to raise money to keep the lights on. If they find these "people" willing to put cash in, then I'm quite optimistic. Though you'd better be care with calling it a drug development company... I just got chastised for claiming it was a startup company. I think you're on the dangerous edge of sounding like criticism when you say "not a marketing" company. The pitchfork pumpers will be after you for lacking purity of faith.
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Post by MnkdWASmyRtrmntPlan on May 30, 2017 17:59:25 GMT -5
Interesting that akemp3000's optimistic post that began this thread has received 19 Likes while dreamboatcruise's personal attack in response has received only one. Yes, this board has become increasingly tilted to people that wish to only pump. Attacks on those that were validly pointing out risks, such as real prospect of SNY calling off the partnership, ran many of them away. At the time a poster like akemp claiming SNY's behavior was some master plan with a multibillion buyout of MNKD in the works would have garnered a TON of thumbs up and anyone saying that was BS would have been attacked. And a lot of people lost tons of money and will have negative life consequences because of listening to those that downplayed risk and attacked those trying to present a balanced view of reality... often attacked with that label akemp loves to use "fudster". I'm not in a personality contest. If I were I'd know exactly how to do it... be disingenuous and ignore reality. DBC, I have always admired your well-reasoned and inciteful posts as being, as you say, "balanced" and grounded in reality. I, like akemp, tend to get infatuated with MNKD and I need to be pulled back to the ground occasionally. What I didn't appreciate in reading your posts today (I think it was in another thread) was your calling akemp ignorant. You can argue that you didn't word it that way, but that is the way it came across, and it hit me that such name-calling is way below your stature. That caused me to stop giving you thumbs up today, and I believe that was probably the same reason for (at least some of) the others. I am willing to give you a break, though, because I understand how disconcerted you seem to be today by the Pros on this board. As far as this board tilting away from the fud and toward the pump, I say, it's about time. This is, afterall, Proboards. But, it hasn't seemed like it to me, so I welcome that tilt.
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Post by mnkdfann on May 30, 2017 18:34:13 GMT -5
I saw that too, it upset me so bad I had to leave the board for a bit. akemp, always trying to make me lose money 💰 or flunk my spelling test. 😂 For the first time ever I know more than other people on this board. The original spelling is "duesy". The other spellings are a result of so many people spelling it wrong. It is named after the Duesenberg - the greatest American car company ever. Sorry, but no. www.merriam-webster.com/words-at-play/7-false-etymologies/doozy"The obvious problem with saying that doozy comes from Duesenberg is that the former is older than the latter. The car company did not start producing vehicles until 1920, and the word had been in use for more than 20 years by that time." More at link.
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Post by dreamboatcruise on May 30, 2017 18:35:59 GMT -5
Yes, this board has become increasingly tilted to people that wish to only pump. Attacks on those that were validly pointing out risks, such as real prospect of SNY calling off the partnership, ran many of them away. At the time a poster like akemp claiming SNY's behavior was some master plan with a multibillion buyout of MNKD in the works would have garnered a TON of thumbs up and anyone saying that was BS would have been attacked. And a lot of people lost tons of money and will have negative life consequences because of listening to those that downplayed risk and attacked those trying to present a balanced view of reality... often attacked with that label akemp loves to use "fudster". I'm not in a personality contest. If I were I'd know exactly how to do it... be disingenuous and ignore reality. DBC, I have always admired your well-reasoned and inciteful posts as being, as you say, "balanced" and grounded in reality. I, like akemp, tend to get infatuated with MNKD and I need to be pulled back to the ground occasionally. What I didn't appreciate in reading your posts today (I think it was in another thread) was your calling akemp ignorant. You can argue that you didn't word it that way, but that is the way it came across, and it hit me that such name-calling is way below your stature. That caused me to stop giving you thumbs up today, and I believe that was probably the same reason for the others. I am willing to give you a break, though, because I understand how disconcerted you seem to be today by the Pros on this board. As far as this board tilting away from the fud and toward the pump, I say, it's about time. This is, afterall, Proboards. But, it hasn't seemed like it to me, so I welcome that tilt. Without searching through all of my comments I suspect I know the one you are referring to. My intent was not to claim he lacks knowledge in general. It was specifically referring to an apparent lack of knowledge about how bankruptcies unfold. I do suspect he does not have experience with such things. Perhaps I made that case too harshly, if for no other reason than it apparently put the focus for some on my choice of words rather than the content. I do believe he is expressing something that is not grounded in reality and potentially dangerous if taken to heart by people considering putting more money into MNKD. Mannkind may well have a shot at a turnaround. They need cash, obviously, and I'm sure they are trying to figure out how to get it. But I think it would be very dangerous to assume that a management team expressing optimism means that bankruptcy, severe dilution or fire sale must somehow be highly unlikely. No management team telegraphs concerns about liquidity or a bankruptcy as that would only hasten its arrival as all your vendors would cut you off and anyone you're negotiating with would either walk away or use your weakness to better their position. And in the case of MNKD, we know some doctors have avoided prescribing because they thought Afrezza would disappear. Management MUST say they will do whatever it takes to keep Afrezza on the market and are confident in success... and in fact they can say that even if there is an unsaid "we'll keep it on the market even if we have to recapitalize in bankruptcy or sell Afrezza at fire sale price to someone with deep pockets". I will try to be better about choice of wording in the future. I do get a bit worked up when I see people engaging in the same sort of behavior (downplaying risk and calling other investors fudsters) that contributed to an environment where many people got hurt believing in a view of MNKD that didn't balance risk with potential.
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Post by anderson on May 30, 2017 18:40:41 GMT -5
We have to give Mike a chance, he has had the job for a total of six hours or so, but there is also a need to be realistic. The company spends $7 million a month and takes in substantially less than $1 million in revenue. Eventually that math catches up with the ability to keep moving forward. There are ways to delay the day of reckoning, but Mike will have to hit a few quick home runs to make it happen. Batter up. MannKind Corporation (NASDAQ:MNKD) (TASE:MNKD) announced today that its Board of Directors appointed Michael Castagna, Pharm.D., as Chief Executive Officer effective May 25, 2017. By my count that is 5 days. He has had the weekend to come up with a press release so hopefully something soon.
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Post by sportsrancho on May 30, 2017 19:01:59 GMT -5
I don't have the type of personality to be bitter because someone pumped the stock to me when it was $7pps.
Or to be destroyed if I sold everything and gave up on life like some have because someone convinced them we were going BK.
But I have seen first hand that the bashing is worse than the pumping. ( I don't like either one of those words ) but you get the point.
It's heartbreaking when someone's dad gets hospitalised because in his mind after reading all the fud his life as he knew it is over.
At this point no one is saving anyone any money by posting negative thoughts for balance. I don't have a problem with negative, but don't say you are posting it for others. And then bash the positive people.
Keeping a calm head, knowing that Afrezza works better than we ever thought with less side affects is what I focus on.
And I'm very happy about Mike! And I love our reps. They are such positive people! Always willing to help. They step up at every opportunity. And clearly are 100% behind Mike:-))
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Post by nylefty on May 30, 2017 19:32:41 GMT -5
At this point no one is saving anyone any money by posting negative thoughts for balance. I don't have a problem with negative, but don't say you are posting it for others. And then bash the positive people. Keeping a calm head, knowing that Afrezza works better than we ever thought with less side affects is what I focus on. And I'm very happy about Mike! And I love our reps. They are such positive people! Always willing to help. They step up at every opportunity. And clearly are 100% behind Mike:-)) Well said, Sports. I also don't understand what those who see the glass almost empty think they're contributing by bashing those of us with a more positive outlook.
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Post by dreamboatcruise on May 30, 2017 20:07:13 GMT -5
@sportsrancho... I have never suggested that people bail on MNKD. It is not even optimism that I was confronting but what I felt is very poor analysis and reasoning based on assumptions about how companies are run that doesn't match any of my decades of being involved in running businesses. I also disagree that people can't be hurt by false narratives at this point. Anyone that "invests" in MNKD right now, and there could be some new person just about to pull the trigger and dump half their life's savings into this for the 300 bagger some mention, should be fully aware that Mannkind is still in a perilous financial situation with a liquidity wall looming. If there was some done deal they would have to announce it... so at a minimum, regardless of any discussions behind the scenes, they have not yet secured/finalized the funding that is necessary to keep the lights on through the end of this year.
So if my message...
[Afrezza is an amazing product that could and should change standards of care for diabetes. It appears that sales have begun what I suspect will be a continued upward trend, and likely accelerating with DTC ads. I myself bought more recently though hedging it using put as well as call options, and would recommend that others considering putting new money in do the same or certainly limit what they gamble based on what they can comfortably afford to lose. People should consider that MNKD still could have bankruptcy or painful round of dilution and that if they don't have true gambling money (or hedging strategy) they should consider that if MNKD gets beyond this liquidity crisis there could still be plenty of time to buy in with many years of growth ahead of them.]
is bashing then until the moderators boot me, I'm likely to continue with my bashing... at least when I see attempts to silence those of us attempting to keep risk on the table as a valid part of the risk/reward ratio and suggesting caution about the shares is not incompatible with optimism for Afrezza and the ongoing efforts of the sales team.
I am slightly curious, if you believe I am disingenuous about wanting to help others make wise investing choices and believe I am somehow doing damage... do you believe that I am lying about my long time ownership of MNKD stock? If I were just out for myself, quite frankly right now I'd be pumping this like crazy and then dump the call options I had good luck of buying at all time lows.
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Post by mnkdfann on May 30, 2017 20:21:26 GMT -5
At this point no one is saving anyone any money by posting negative thoughts for balance. I don't have a problem with negative, but don't say you are posting it for others. And then bash the positive people. Keeping a calm head, knowing that Afrezza works better than we ever thought with less side affects is what I focus on. And I'm very happy about Mike! And I love our reps. They are such positive people! Always willing to help. They step up at every opportunity. And clearly are 100% behind Mike:-)) Well said, Sports. I also don't understand what those who see the glass almost empty think they're contributing by bashing those of us with a more positive outlook. I think the issue has more to do with some equating others with less than 100% positive attitudes as being automatically short or fudsters.
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Post by mnkdfann on May 30, 2017 20:24:35 GMT -5
It's heartbreaking when someone's dad gets hospitalised because in his mind after reading all the fud his life as he knew it is over. I'm not sure what you are talking about, but if anyone is hospitalized as a result of an investment decision then reading fud was not the real problem. That's just a nice distraction. The real underlying problem was almost certainly poor money management, poor diversification, poor due diligence, things like that.
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Post by mytakeonit on May 30, 2017 20:32:03 GMT -5
Hey lizard boy ... you sound just like those Gambler's Anonymous cards that I get in Las Vegas. Makes a lot of sense ...
But good gamblers also pick and choose the scenarios that they want to play in for ... risk vs reward. I for one felt that the timing was right and loaded a ton of $$$ earlier this month. When the water is right, I prefer to get in when the prices are low ... than to chase the tail of the run away dragon.
But true, I am not betting my life savings and no one else should.
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Post by mytakeonit on May 30, 2017 20:36:05 GMT -5
It's heartbreaking when someone's dad gets hospitalised because in his mind after reading all the fud his life as he knew it is over. I'm not sure what you are talking about, but if anyone is hospitalized as a result of an investment decision then reading fud was not the real problem. That's just a nice distraction. The real underlying problem was almost certainly poor money management, poor diversification, poor due diligence, things like that. I understand where sports is coming from ... and I totally feel the same way.
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Post by mnkdfann on May 30, 2017 20:39:47 GMT -5
I'm not sure what you are talking about, but if anyone is hospitalized as a result of an investment decision then reading fud was not the real problem. That's just a nice distraction. The real underlying problem was almost certainly poor money management, poor diversification, poor due diligence, things like that. I understand where sports is coming from ... and I totally feel the same way. FWIW, I would amend my words from 'nice distraction' to 'convenient excuse'.
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Post by sportsrancho on May 30, 2017 20:58:29 GMT -5
@sportsrancho... I have never suggested that people bail on MNKD. It is not even optimism that I was confronting but what I felt is very poor analysis and reasoning based on assumptions about how companies are run that doesn't match any of my decades of being involved in running businesses. I also disagree that people can't be hurt by false narratives at this point. Anyone that "invests" in MNKD right now, and there could be some new person just about to pull the trigger and dump half their life's savings into this for the 300 bagger some mention, should be fully aware that Mannkind is still in a perilous financial situation with a liquidity wall looming. If there was some done deal they would have to announce it... so at a minimum, regardless of any discussions behind the scenes, they have not yet secured/finalized the funding that is necessary to keep the lights on through the end of this year. So if my message... [Afrezza is an amazing product that could and should change standards of care for diabetes. It appears that sales have begun what I suspect will be a continued upward trend, and likely accelerating with DTC ads. I myself bought more recently though hedging it using put as well as call options, and would recommend that others considering putting new money in do the same or certainly limit what they gamble based on what they can comfortably afford to lose. People should consider that MNKD still could have bankruptcy or painful round of dilution and that if they don't have true gambling money (or hedging strategy) they should consider that if MNKD gets beyond this liquidity crisis there could still be plenty of time to buy in with many years of growth ahead of them.] is bashing then until the moderators boot me, I'm likely to continue with my bashing... at least when I see attempts to silence those of us attempting to keep risk on the table as a valid part of the risk/reward ratio and suggesting caution about the shares is not incompatible with optimism for Afrezza and the ongoing efforts of the sales team. I am slightly curious, if you believe I am disingenuous about wanting to help others make wise investing choices and believe I am somehow doing damage... do you believe that I am lying about my long time ownership of MNKD stock? If I were just out for myself, quite frankly right now I'd be pumping this like crazy and then dump the call options I had good luck of buying at all time lows. I don't think you are lying. I never said that. We just disagree about the positive being worst than the negative. And you do seem bitter, because you come right in and post after someone posts a positive. This is what started it all: To be flip and claim people pointing out the reality are engaging in FUD is offensive and disingenuous. If you want to go that route, it is actually your pumping and spinning that is the misrepresentation. What a bunch of hog wash... companies would stop discussions of striking business deals if they are facing bankruptcy? Wouldn't engage in joint marketing? Wouldn't go to trade shows? What on earth do you think a company does when they are running out of money... curl up under their collective desks and wimper. Your post is silly... wand obviously show you've never worked for a start up company and likely not done a lot of investing. ------------ And that IMO is just flat out wrong.
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