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Post by sportsrancho on May 7, 2019 21:39:31 GMT -5
I just now got to listen to the call, busy working all day and answering about 30 phone calls from shareholders:-)
I did not think it was all that bad either, he might’ve sounded a little tired he had a lot to say. As always in a small amount of time. I think it was the fact that people were hoping for some kind of a surprise that was discouraging maybe...And we all know they have tried so many things. It did sound like we were funded through the middle of 2020, is that the same impression you guys got?
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Post by letitride on May 7, 2019 21:46:30 GMT -5
i heard a lot of good things on this call but is it me or are we turning into stocktwits. oh well who cares i'm in for the long haul and i know who to pay attention to on this board. I just finished listening to the CC and my thought was WTF has everyone else been listening to. I have about 12 posters on ignore so its not like im buried in the short side. But dam lets cut to the chase were 50% ahead of the same qtr last year. There was no despondency, nobodys lost the war, and it sure as hell aint over. Mike sounded as professional as ever and working hard to get it done. Does he need a raise right now hell no. Would he like one hell yes. He needs to continue to drive this home. Confidence is High. This is huge Lets Go!
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Post by bones1026 on May 7, 2019 21:56:49 GMT -5
I'm very curious about what Nate Pile is thinking about the call. Will he advise his clients to hold, trim their holdings, or buy more? I have empathy for Mike Castagna. Clearly, the huge expenses in advertising are not yielding the return we all hoped for. I haven't seen an ad, so I cannot comment. But I'm intrigued that so many on the board are not impressed with the ad itself. Perhaps the larger question is what is the realistic timeline between when someone is motivated to follow up on an ad and when that motivation results in additional scripts? Hopefully, the leadership team has a timeframe in mind and has employed marketing experts who know their craft. We've acknowledged provider resistance to innovation as a key factor in addition to insurance pre-authorization hurdles. How to overcome that barrier is a key question. I'm assuming that Mike and the executive team have thought through the challenges and are working on them, but time and money are in short supply; and that is what keeps the short interest so alive and well. Personally, I am of the mind that much of the current agony can be laid at the feet of the FDA, the SEC, and the convicted felon and scumbag, Martin Shkreli. Just of course, IMHO. The delay that resulted from the delayed approval may have proven to be an important factor in the current state of the company. Added to this was Al Mann's passing, poor leadership that missed an opportunity to raise capital with minimal dilution; a change in leadership at Sanofi; and a failure of MNKD management to plan for the possibility that Sanofi would pull the plug. At the end of the day, two things are important to the success of companies: good timing, and good leadership. I believe that in investing, patience is rewarded; but I'm beginning to ask myself: "What is the record for time between a public offering and an acceptable ROI?" I think we might be approaching it. GLTAL Chris C I have been of that “same mind” since day 1...everything goes back to that 2nd rejection orchestrated by Shkreli and Margaret Hamburg (FDA) The amount of money that cost Al was devastating to Mannkind’s bottom line, and completely unexpected and I have always felt it attributed to Al’s passing a few years before his time was really up. I’ve never understood why someone, from a legal standpoint, can’t connect all the dots here between the aforementioned, as well as Adam F, Spencer, and unveil who the ringleader of this whole thing that goes back 10 years now is
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Post by sportsrancho on May 7, 2019 22:01:39 GMT -5
Did you guys see what Adam said on Twitter today?
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Post by mnkdfann on May 7, 2019 22:09:33 GMT -5
Did you guys see what Adam said on Twitter today? This? "I tried to warn you about $MNKD. Everyone tried to warn you about $MNKD. Live and learn. Best — Adam"
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Post by ktim on May 7, 2019 23:15:16 GMT -5
I just now got to listen to the call, busy working all day and answering about 30 phone calls from shareholders:-) I did not think it was all that bad either, he might’ve sounded a little tired he had a lot to say. As always in a small amount of time. I think it was the fact that people were hoping for some kind of a surprise that was discouraging maybe...And we all know they have tried so many things. It did sound like we were funded through the middle of 2020, is that the same impression you guys got? Here is what he said. "Our demand) sales were $6 million, which is in line with analysts' expectations. The capital raise in December enable us to fund our growth plan into mid-2020 or longer, depending on what happens with our warrants, Afrezza sales, as well as our BD efforts. Our cash balance is the third highest it's been in three years, with December being the highest. We continue to make trade-offs to manage our expenses as we believe Afrezza will continue to transform diabetes care. " So we're funded... but it's more dilution, and there is no guarantee it will raise as much money as he expects since the share price may be below warrant strike, and it's counting on Afrezza sales (which he is not confident enough to present targets), etc. In my mind what comes after the "depending" totally negates saying the Dec raise funds growth into mid-2020. If it did it wouldn't depend on a bunch of other things that need to be qualified. Sorry, to me this seems the same but slightly different wording than prior times when he laid out all the great options for no dilution and then diluted us. It feels like setting out on a sailboat with someone and asking if he's certain we'll get to the destination and the reply is "sure, don't worry, if the wind is strong but not stormy and blowing in the right direction, and the currents aren't bad, it'll be fine". My response is "Yeah Mike, we get it, a best case scenario might be reasonably good." There is a credibility gap for many investors at this point. If he wants credibility, take the few minutes that would be required to walk us through the scenario that he is reasonably confident will happen. Don't just say some warm and fuzzy stuff and leave many investors with a misunderstanding of the funding situation.
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