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Post by seanismorris on Jul 25, 2014 11:51:13 GMT -5
It's not appropriate at this time for Mannkind to say much.
Executives at Mannkind are always selling, and yes I agree it's very annoying.
On the bright side, Deerfield -who has been loaning them the money so they could make a partnership agreement from a position of strength has converted every dollar into shares that they were allowed.
I purchased an additional 1000 shares today at $8.45. (As a trade, to be sold after the partnership agreement)
I knew the shorts would show up eventually (thank you). I'm still waiting for a convincing argument from them, but at least they played the technicals today to motivate the weak (uninformed) hands to sell.
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Post by mrhaigs on Jul 25, 2014 12:02:40 GMT -5
Mrhaigs, The problem with what you suggest is you are wanting the company to come out and give some definitive news about when they are going to have a partnership deal done. That is something you don't do unless you want to severely compromise your negotiating position when it comes down to final terms with a partner. Granted, this successful price pressure is going to have some of the same effect, and now with the price move maybe there would be some benefit to reiterating what they have constantly said. But... saying anything beyond that they are working to conclude a deal as quickly as possible and expect a launch Q4-Q1 would be compromising their position. Their cash position is what it is. That puts a constraint on how long they can outlast a negotiation. Coming out and stating that isn't going to provide any clarity. In any case they will have a conference call for earnings. I just don't see any real unknown information being given until the next milestone is achieved... a partnership. Excuse me, but you aren't reading what I'm writing. I don't expect them to say a word about partnership until it is done. I expect them to say something about the label and talk to us since for the past 5 months they haven't been able to say a word about ANYTHING. The drug is approved. Talk to is about their feelings toward the drug and it's label. Emotional management? I've been thinking this for weeks, but when my investment drops 20% from approval highs without a single word from management, it doesn't make me happy. I don't know how some of you can sit there and not say a word or poopoo others who feel the same as I do. I can assure you I am not the only one. |
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Post by mannmade on Jul 25, 2014 12:20:27 GMT -5
Actually they have... As Matt indicated they actually asked for the Black Box on the COPD, Smokers, Asthma, etc... And they have certainly spoken about the drug even calling it a potential blockbuster... So really am not sure what your point is...
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Post by alcc on Jul 25, 2014 12:22:12 GMT -5
One word: lawsuits. When was the last time you've heard the CEO or CFO of a publicly listed company do what you'd call PR? If they have hired a VP, Marketing and a PR firm, at least that would give the top execs some deniability. "Ethical" execs do not do PR, do not cheerlead, and certainly do not react to daily stock price movements. I understand your pain. But you look for the company to execute, not for comforting words.
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Post by seanismorris on Jul 25, 2014 12:27:54 GMT -5
Mrhaigs,
I share your frustration on one hand. But, on another the lack of communication from Mannkind is par for the course. The last time they were looking at a FDA decision they said to much, under delivered, and had a massive lawsuit... So, since then they've been very closed; to much so in many peoples opinion. I don't like it, but I understand it. What I've learned to do is trade MNKD in addition to my much larger long position. That way, the volatility is your friend. Until the partnership happens, and we get an idea of how much the partner thinks Afrezza is worth...all news is just noise.
The technicals were saying MNKD was at a pivot point this week, with no news the path if least resistance (helped along by the shorts) was down. It's overshooting to the downside, which is an opportunity.
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Post by mrhaigs on Jul 25, 2014 12:30:24 GMT -5
One word: lawsuits. When was the last time you've heard the CEO or CFO of a publicly listed company do what you'd call PR? If they have hired a VP, Marketing and a PR firm, at least that would give the top execs some deniability. "Ethical" execs do not do PR, do not cheerlead, and certainly do not react to daily stock price movements. I understand your pain. But you look for the company to execute, not for comforting words. You guys are unreal. Go mnkd go. Better? And you are dead wrong. Look at herbalife's CEO telling Ackman he is a moron and to go pound sand. It's nice to see management BACK THE COMPANY when it comes under attack. I know they do not have a track record of doing so, so I don't expect that. I'm just looking for a little sense of contact. Sorry I've burdened you all with a little bit of unhappiness towards management. I've been posting here on and off for about 6 months now. I guess I'll save all my remaining posts for nothing but happy cheerful stuff. |
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Post by seanismorris on Jul 25, 2014 13:08:46 GMT -5
Mrhaigs,
I think I've given you the wrong impression... In the past I've called for the firing of all management who have sold stock in the run up to FDA approval and then into the partnership announcement. But, the one that I really want to fire is the person that wrote up the stock options, employee compensation plan, etc. Since I don't have that kind of influence I've decided to take advantage of it, when the shorts do. I might not believe in management but I do believe in Afrezza, Technosphere, and Al Mann.
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Post by mrhaigs on Jul 25, 2014 13:35:19 GMT -5
As do I. It's the largest position of any kind that I've ever held. I think that gives me the right to get mad at them. I couldn't stand the eagles two years ago but they're still my favorite football team.
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Post by ashiwi on Jul 25, 2014 13:45:08 GMT -5
I would like to see some insider BUYING at this level.
Insiders have sold a boat load of shares in the 10's. It's about time they bought some back in the 8's to show us some confidence.
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Post by 4allthemarbles on Jul 25, 2014 14:15:23 GMT -5
It's a frustrating day. We've been through worse. I don't like days like this, cause it hurtsin so many ways.
These are the days I turn to the board. Because I know that someone will shine a positive light on this. I am going to take advantage of the down prices to add to my position.
I agree with what most have written so far. People get fired up- and we should. We own part of a company (although in comparison to Al, a small part) and we all want to see this thing be successful.
It will. Our time will come.
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Post by 4allthemarbles on Jul 25, 2014 14:18:03 GMT -5
Mr. Haggis- I feel as though I must challenge you on one point- the Eagles! C'mon man. Everyone knows the Giants are coming back with an O-line this year.
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Post by seanismorris on Jul 25, 2014 15:14:29 GMT -5
You did not go there!
Rooting for the Giants? You need the elder Manning brother! Go Broncos!
By the way, Chris Snee retired...so much for that O-line : )
My buy today at $8.45 is looking good. The shorts need a better argument to keep MNKD down.
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Post by BD on Jul 25, 2014 15:40:43 GMT -5
Well, looks like the shorts are achieving their objectives when it comes to you two guys. Posts like these probably make their day. Why would that post make their day? As a shareholder in a company are you supposed to sit there with beer goggles smiling at everything? I'm not dumping my shares. I'm expressing frustration with lack of communication. Question for you... Do you get mad at your favorite sports teams when they do something that you disagree with? You don't change teams you root for, but you express your frustration, no? Not on a message board, no. |
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Post by alcc on Jul 25, 2014 20:26:05 GMT -5
And you are dead wrong. Look at herbalife's CEO telling Ackman he is a moron and to go pound sand. It's nice to see management BACK THE COMPANY when it comes under attack. I sure hope Mannkind is nothing like Herbalife, or I am out tomorrow. And I don't think Ackman is a moron. |
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Post by mrhaigs on Jul 25, 2014 22:50:50 GMT -5
And you are dead wrong. Look at herbalife's CEO telling Ackman he is a moron and to go pound sand. It's nice to see management BACK THE COMPANY when it comes under attack. I sure hope Mannkind is nothing like Herbalife, or I am out tomorrow. And I don't think Ackman is a moron. You're missing the point. My rebuttal there was in a response saying that management can not legally get involved yadda yadda. So when someone posts saying they are frustrated about a lack of communication, this is the response they get. Understood. You cant even be a bull and post something of concern here. |
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