Not giving up on MNKD yet

[u1682002]

Bought more today @1.02.  Have been investing MNKD since 2009, I am expecting a fruitful 10th anniversary.

[#NoMoreNeedles]

I believe the only rebound possible is through a ROW co-promotion partner which I don't think is very likely considering the latest shelf offering.

[mannmade]

Am not sure you understand the real potential and all the upside in front of mnkd if the company can make it to mid 2020 which I believe it will. Already fiscally secure to Jan 2020 now.

[u1682002]

The fact that the latest offering coincided with Feb interest rate hike seems to me Mike was simply executing his plan B to secure enough fund to carry MNKD to profit point. My guess of his plan A was to convert all the warrants that were priced around $2.40. The recent market condition plus the Fed latest interest rate hike forced Mike to pull the trigger.

[compound26]

Dec 26, 2018 16:19:35 GMT -5 u1682002 said:

The fact that the latest offering coincided with Feb interest rate hike seems to me Mike was simply executing his plan B to secure enough fund to carry MNKD to profit point. My guess of his plan A was to convert all the warrants that were priced around $2.40. The recent market condition plus the Fed latest interest rate hike forced Mike to pull the trigger.

Yes, agree. That is also my take. The market is clearly over-reacting to this offering.  mnkd.proboards.com/post/164592

[mytakeonit]

Shhhhh ... I'm still waiting for my money transfer ... AND more so ... getting a ton more at 82 cents !!!

[traderdennis]

Dec 26, 2018 15:58:27 GMT -5 mannmade said:

Am not sure you understand the real potential and all the upside in front of mnkd if the company can make it to mid 2020 which I believe it will. Already fiscally secure to Jan 2020 now.

It is only fiscally secure if the stock price can rise 50% and warrants execute.  Even if the share price goes  over $1.60 the incentive of the warrant holders are to sell short or short call options as we saw before with the $2.38 warrants.  Warrant $ are not likely to hit the books until 4th quarter 2019 and the company will need funds before then to operate most likely an additional cash infusion in 3rd quarter 2019.  

[winstonsmith]

Hey that's great at 82 cents.  Wouldn't it be even better if it goes down to 50 cents or less so we can get even more shares.....or how about another reverse split to send it down to pre-split 5 cents per share or less.  Shhhh....don't tell anyone about the potential here.

[mytakeonit]

I picked 82 cents because that's where I was able to start buying when it went down to around 66 cents. I made 3 buys in a minute or so ... at 82 cents ... 88 cents ... 116 cents. I had to break it up into 3 lots because my large lot orders wouldn't trade. After a couple of minutes ... pps went back to where it started.

Lot of info above ... free advice. If you want more info ... send $20 for my news letter to mytakeonit.com

[traderdennis]

Dec 26, 2018 18:15:33 GMT -5 mytakeonit said:

I picked 82 cents because that's where I was able to start buying when it went down to around 66 cents. I made 3 buys in a minute or so ... at 82 cents ... 88 cents ... 116 cents. I had to break it up into 3 lots because my large lot orders wouldn't trade. After a couple of minutes ... pps went back to where it started.

Lot of info above ... free advice. If you want more info ... send $20 for my news letter to mytakeonit.com

You really should go to godaddy.com and register the domain first.  Not going to see any pictures of Andrew Jackson until then.

[mytakeonit]

Wow ... so I got a TD ... for someone trying to check the website. Ha! I love it ...

[mnholdem]

Dec 26, 2018 15:58:27 GMT -5 mannmade said:

Am not sure you understand the real potential and all the upside in front of mnkd if the company can make it to mid 2020 which I believe it will. Already fiscally secure to Jan 2020 now.

Granted, I do not know the details CEO Castagna's plan for MannKind.  My observation is that the company may have become too inward-focused and, as a result, the company's image is suffering. I fear that CEO Mike Castagna may be neglecting one of a CEO's most important functions and is so busy micro-managing the company that he's lost sight of the fact the CEO has his own responsibilities, including the critical role of being the outward-directed face of his company.

This particular role cannot be delegated nor can it be executed by social media excursions from his workstation or personal device nor can occasional investor/medical conferences come close to satisfying this critical role. CEO Castagna needs to be personally engaging the medical community, patients and the investment community and extolling the virtues of his company's technology, workforce and his vision for meeting the challenging medical needs of today and for the future. 

The corporate website, is a prime example.  This "digital" outward-facing site is stale, out of date and completely out of touch with exciting developments the are occurring within the medical industry and, in the hands of the right professional, would be capitalized upon to communicate how MannKind and its technology offers answers for today's challenging and unmet medical needs. This is not the responsibility of a CEO, but it is certainly his responsibility to recognize its importance and to delegate this important channel of communication to a professional that will achieve results and keep this channel of communication current and relevant.  

That's only one example. Investor relations is another. CEO Castagna has hired a multi-$million team with the intent of delegating functions too numerous for one man/woman to possibly handle alone, but he must communicate what results are expected and by when and then hold his corporate officers accountable for achieving those results. If any officer cannot achieve the objective laid out by the CEO then the CEO must find a professional who will, so that he has the time to fulfill his primary responsibilities instead of wasting it on theirs. 

[akemp3000]

There seems to be a lot of armchair quarterbacks who believe they should advise Mike Castagna. This is perfectly fine and is one of the many purposes of this message board especially with the stock price tanking. I truly respect the opinions of many of those offering advise. It certainly can't hurt. That said, Mike knows so many things that we don't. After him becoming a PharmD then graduating from Wharton and being in leadership positions in this industry for years, I'm confidant he'll get us through these land mines. Frankly, he's done an amazing job so far. I cannot wait for 2019 and to hear the underlying purpose of the recent stock sale. IMO, good times ahead!

[theshiv]

The notion that Mike "knows more" has been my mantra on this board for some time and I agree he has done a good job thus far. Yes, everyone here can voice their opinion, but the tone and near histerics here and on other social media platforms in recent days has been surprising. Has he not earned a little equity within our ranks? I don't see Mike letting this asset which we all view as valuable die on the vine. I believe the man has a plan.

[awesomo]

Dec 27, 2018 0:04:54 GMT -5 theshiv said:

The notion that Mike "knows more" has been my mantra on this board for some time and I agree he has done a good job thus far. Yes, everyone here can voice their opinion, but the tone and near histerics here and on other social media platforms in recent days has been surprising. Has he not earned a little equity within our ranks? I don't see Mike letting this asset which we all view as valuable die on the vine. I beleive the man has a plan.

We’re currently about 35 cents off the all time low, share count is at highest, and we’re all sitting here wondering what MNKD management is thinking with this offering dropped on us a few days before Christmas.  You tell me what equity he has earned with us.