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Post by morfu on Jun 25, 2019 7:41:22 GMT -5
Mike has lost credibility related to “guidance” and due to his Christmas surprise with no explanation of why it was necessary. There are a lot of positive things happening right now, but the stock price is reflective of a CEO who hasn’t made job number 1 protecting shareholder value. We may see improvement with new developments, but I personally am opinionated regarding Mike’s lack of respect toward the common shareholder. I would like to see a change. That's not true. Mike explained why they raised money in December and I'm glad he did. The $2.38 warrants expired worthless. MNKD could have been in jeopardy of defaulting with Deerfield on the End of Quarter Cash Balance. His reason was that the money markets looked unsettled at the time so they got a deal done. Mike has done a great job considering the handcuffs that were placed on the company. Deerfield has had an albatross round MNKD's neck since 2013 when they agreed to the Toxic Deal. At the time it was the best deal possible for MNKD. Well that deal is about to end and MNKD will be free to do whatever he want. The SHORTS knew about the deal and shorted from $50 all the way down and made about $150M. Their party is about to end. They wanted a bankruptcy so they didn't have to pay taxes. Well that didn't work thanks to Mike and company. So now the shorts will start to cover.....when??? Don't know.....We don't know when the new deal will be announced which could catch them by surprise. We will have to wait and see. I'm expecting Mike to Roll all of their debt into one deal with a long expiration date at a decent rate. Now they will have one debt deal on the books and additional capital to get us into 2021 which will be the time that the money starts rolling in. Mike has the upmost respect for the shareholders but he can only say but so much. Read the 10-K or Q and your answers will be there. Mike is not going to come out and say my NUTS are tied until we pay off Deerfield. And he's not going to come out and say THIS IS WHAT I'M GOING TO DO. We have to wait and see. Well, I strongly agree with the posters saying that the management did a good job and we see substantial growth every month! These numbers leave no doubt that the management is good for the company and the shareholders!
From this background the Christmas move was a surprise and an unbelievable disappointment for me! And I must have missed the explanation how 40mil$ for 20% of the company was by any means justified at a time where we did not need 40mil$ (6months later we still didnt). Could you please elaborate on your opinion that this move was good and there is any reason for it? I still feel betrayed and have not seen anything and there are better ways to get 40mil$ including another Deerfield deal, if the management could keep the company going on for tow years like they did the last two without dilution, then they are worth their money. They must find a different way, like they did in 2013.
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Post by morfu on Jun 25, 2019 7:43:44 GMT -5
Agree with rtmd. Any legitimate partner, BP or otherwise would see the remaining DF balance as a nit, pay it an move on. Yet Mike has been to several investors conferences and came home with nothing. At least no deal he was willing to pursue. Now share price is closing in on delisiting territory AGAIN. Now it seems like when the share price is faltering RLS comes out with a PR. Coincidence or orchestrated? Either way it won't help much if at all. I am willing to give Mike a few more months to pull off a recovery, but if it doesn't happen soon we will be facing another RS. Then the poll will surely have a different outcome. The only thing worse that giving away 20% of the company for 40mil$ is a "partner" which will siphon away about 50% of any future earnings! |
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Post by barnstormer on Jun 25, 2019 8:18:13 GMT -5
Agree with rtmd. Any legitimate partner, BP or otherwise would see the remaining DF balance as a nit, pay it an move on. Yet Mike has been to several investors conferences and came home with nothing. At least no deal he was willing to pursue. Now share price is closing in on delisiting territory AGAIN. Now it seems like when the share price is faltering RLS comes out with a PR. Coincidence or orchestrated? Either way it won't help much if at all. I am willing to give Mike a few more months to pull off a recovery, but if it doesn't happen soon we will be facing another RS. Then the poll will surely have a different outcome. The only thing worse that giving away 20% of the company for 40mil$ is a "partner" which will siphon away about 50% of any future earnings! It is often said 50% of something is better than all of nothing. I agree it would be ideal to go it alone, but that hasn't worked so far and MNKD isn't showing any signs of increasing shareholder value to date. |
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Post by morfu on Jun 25, 2019 8:28:05 GMT -5
The only thing worse that giving away 20% of the company for 40mil$ is a "partner" which will siphon away about 50% of any future earnings! It is often said 50% of something is better than all of nothing. I agree it would be ideal to go it alone, but that hasn't worked so far and MNKD isn't showing any signs of increasing shareholder value to date. Okay, . . . how does the revenue in Afrezza sales for adults in the USA over the last two years looks like? It quadrupled and there is no slowing down! About 4.5mil$ for June19, from less than 1mil$ Jan 2017
Show me any company with similar numbers!
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Post by agedhippie on Jun 25, 2019 8:32:43 GMT -5
The answer to this is always going to be no. Not because Mike is a brilliant CEO but because there is no obvious internal successor I can see. If a suitable external candidate can be identified at some point then I would be happy to replace him at that time.
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Post by barnstormer on Jun 25, 2019 8:36:22 GMT -5
It is often said 50% of something is better than all of nothing. I agree it would be ideal to go it alone, but that hasn't worked so far and MNKD isn't showing any signs of increasing shareholder value to date. Okay, . . . how does the revenue in Afrezza sales for adults in the USA over the last two years looks like? It quadrupled and there is no slowing down! About 4.5mil$ for June19, from less than 1mil$ Jan 2017
Show me any company with similar numbers!
So how is that quadruple working for shareholder value? It's such a small number it is almost insignificant. BFD when the share price is barely over a dollar. And Mike can't even cover 20 states with a direct sales force? Lilly, NOVO, have that problem? |
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Post by mnkdfann on Jun 25, 2019 8:54:33 GMT -5
It is often said 50% of something is better than all of nothing. I agree it would be ideal to go it alone, but that hasn't worked so far and MNKD isn't showing any signs of increasing shareholder value to date. Okay, . . . how does the revenue in Afrezza sales for adults in the USA over the last two years looks like? It quadrupled and there is no slowing down! About 4.5mil$ for June19, from less than 1mil$ Jan 2017
Show me any company with similar numbers!
Only since you asked nicely ... Keytruda: 2018: $7.171 billion 2017: $3.809 billion 2016: $1.4 billion 2015: $566 million. But I'll grant you Afrezza's revenue grew faster (%-wise) than Humira's over the last the last year. Humira: 2018 Sales: $19.936 billion 2017 Sales: $18.427 billion % Change: 8.2% Look up 'flop' in Websters and you'll find a picture of Humira.  |
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Post by ktim on Jun 25, 2019 8:55:36 GMT -5
Agree with rtmd. Any legitimate partner, BP or otherwise would see the remaining DF balance as a nit, pay it an move on. Yet Mike has been to several investors conferences and came home with nothing. At least no deal he was willing to pursue. Now share price is closing in on delisiting territory AGAIN. Now it seems like when the share price is faltering RLS comes out with a PR. Coincidence or orchestrated? Either way it won't help much if at all. I am willing to give Mike a few more months to pull off a recovery, but if it doesn't happen soon we will be facing another RS. Then the poll will surely have a different outcome. The only thing worse that giving away 20% of the company for 40mil$ is a "partner" which will siphon away about 50% of any future earnings! The problem is, on the current growth trajectory we could end up with another doubling of outstanding shares and then there goes that 50% of future earnings to new shareholders. I don't think there is a clear winner in my mind between those two options. If there is ever an inflection point in NRx, it would then likely be obvious choice to go it alone, but waiting for that inflection point forever may not be the wise course. |
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Post by ktim on Jun 25, 2019 9:03:28 GMT -5
It is often said 50% of something is better than all of nothing. I agree it would be ideal to go it alone, but that hasn't worked so far and MNKD isn't showing any signs of increasing shareholder value to date. Okay, . . . how does the revenue in Afrezza sales for adults in the USA over the last two years looks like? It quadrupled and there is no slowing down! About 4.5mil$ for June19, from less than 1mil$ Jan 2017
Show me any company with similar numbers!
In absolute terms it isn't slowing down, but absolutely the % gains will be lower... that's evident in the data and the only thing mathematically logical as long as NRx are stagnant. 2019 would be doing extremely well if it were to even double 2018. |
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Post by scottmnkd on Jun 25, 2019 9:13:19 GMT -5
Mike has lost credibility related to “guidance” and due to his Christmas surprise with no explanation of why it was necessary. There are a lot of positive things happening right now, but the stock price is reflective of a CEO who hasn’t made job number 1 protecting shareholder value. We may see improvement with new developments, but I personally am opinionated regarding Mike’s lack of respect toward the common shareholder. I would like to see a change. That's not true. Mike explained why they raised money in December and I'm glad he did. The $2.38 warrants expired worthless. MNKD could have been in jeopardy of defaulting with Deerfield on the End of Quarter Cash Balance. His reason was that the money markets looked unsettled at the time so they got a deal done. Mike has done a great job considering the handcuffs that were placed on the company. Deerfield has had an albatross round MNKD's neck since 2013 when they agreed to the Toxic Deal. At the time it was the best deal possible for MNKD. Well that deal is about to end and MNKD will be free to do whatever he want. The SHORTS knew about the deal and shorted from $50 all the way down and made about $150M. Their party is about to end. They wanted a bankruptcy so they didn't have to pay taxes. Well that didn't work thanks to Mike and company. So now the shorts will start to cover.....when??? Don't know.....We don't know when the new deal will be announced which could catch them by surprise. We will have to wait and see. I'm expecting Mike to Roll all of their debt into one deal with a long expiration date at a decent rate. Now they will have one debt deal on the books and additional capital to get us into 2021 which will be the time that the money starts rolling in. Mike has the upmost respect for the shareholders but he can only say but so much. Read the 10-K or Q and your answers will be there. Mike is not going to come out and say my NUTS are tied until we pay off Deerfield. And he's not going to come out and say THIS IS WHAT I'M GOING TO DO. We have to wait and see. I guess will have to agree to disagree. What was Mike's reason for "raising money in December"? A failed DTC campaign? Mike's pay raise? One doesn't have to go further than the stock price to see how the company is currently being viewed. Oh. $2.38 warrants? Another miss. |
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Post by kimi on Jun 25, 2019 9:59:10 GMT -5
Very sad: This 9 % are probably responsible for 90 % of all posts! That's what I thought with reminds me on yahoo massage board.
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Post by letitride on Jun 25, 2019 10:23:50 GMT -5
What Mannkind can do without is another partner like Sanofi. If it requires dilution to go it alone so be it. I can always buy more shares to keep my current position. I know Afrezza is the best product. No need to give it away for the sake of a quick trade. If BP wants a piece of it let hem buy in and get in line with the rest of us. They have spent a fortune to kill it, let them do the same to live it.
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Post by radgray68 on Jun 25, 2019 12:08:10 GMT -5
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.”
― Theodore Roosevelt
tags: inspirational, politics, presidential Read more quotes from Theodore Roosevelt
Keep fightin Mike
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Post by mnholdem on Jun 25, 2019 12:20:48 GMT -5
Very sad: This 9 % are probably responsible for 90 % of all posts! That's what I thought with reminds me on yahoo massage board.
I used to joke that 60% of MNKD shareholders have been diagnosed with mental illness. The other 40% haven’t been diagnosed yet. ;-) |
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Post by uvula on Jun 25, 2019 12:24:35 GMT -5
Poorly designed poll so the results are meaningless. There are many people who don't like MC but realize that mnkd cannot afford to hire a top notch CEO. Who would we replace MC with? If the poll was "if you could go back in time and hire someone other than MC would you?" you would have a more interesting poll.
I never vote in these polls.
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