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Post by radgray68 on Jul 15, 2019 21:01:13 GMT -5
Everybody leaves out the 40 million shares sold short when talking about share price. Until those shares are repurchased, the price really should have an asterisk. Today, the price is $1.09*, or $1.09 plus whatever 40 million shares might take it to when sold. Does any CEO have a sure fire recipe for shaking off the shorts once they have their tentacles on a company? That is, one that doesn't require exactly what Mike has been doing, executing a complete turnaround of a this failed company?
I sincerely doubt that anyone here can illustrate for the board, and especially for MC's edification, exactly how to turn around a disgraced, almost bankrupt company faster than we are going now. Al had about 20 years to get it right and even he, with all his experience, money and know-how, failed. Mike has been given just over 2 years.
I'll put it this way. If rumor gets out tomorrow in pre-market about Mannkind being sold, what would the share price look like at the end of the trading day? That's Mannkind's ACTUAL value. Current share price, with all these shares sold short, is just a distraction.
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Post by centralcoastinvestor on Jul 15, 2019 21:09:32 GMT -5
Everybody leaves out the 40 million shares sold short when talking about share price. Until those shares are repurchased, the price really should have an asterisk. Today, the price is $1.09*, or $1.09 plus whatever 40 million shares might take it to when sold. Does any CEO have a sure fire recipe for shaking off the shorts once they have their tentacles on a company? That is, one that doesn't require exactly what Mike has been doing, executing a complete turnaround of a this failed company? I sincerely doubt that anyone here can illustrate for the board, and especially for MC's edification, exactly how to turn around a disgraced, almost bankrupt company faster than we are going now. Al had about 20 years to get it right and even he, with all his experience, money and know-how, failed. Mike has been given just over 2 years. I'll put it this way. If rumor gets out tomorrow in pre-market about Mannkind being sold, what would the share price look like at the end of the trading day? That's Mannkind's ACTUAL value. Current share price, with all these shares sold short, is just a distraction. 100% agree. No one takes into account how much the “extra” short shares weigh the price down. And on top of that, how the share price is expertly manipulated with the selling of the short shares. |
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Post by awesomo on Jul 15, 2019 21:18:22 GMT -5
Current share price, with all these shares sold short, is just a distraction. Not for a company with a current trajectory of needing to raise cash yet again. The share price is most certainly not just a distraction. |
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Post by mytakeonit on Jul 15, 2019 21:28:39 GMT -5
I don't know falcon ... has it been 5 years already? Did you read the article completely? Let's wait another 3 years.
But, that's mytakeonit
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Post by mnkdfann on Jul 15, 2019 21:48:12 GMT -5
That's a good article. "How to Gauge a C.E.O.’s Value? Hint: It’s Not the Share Price" www.nytimes.com/2016/06/19/business/how-to-gauge-a-ceos-value-hint-its-not-the-share-price.html"Everybody knows that chief executives receive bounteous pay as a matter of course ... Less discernible, though, is who actually earned their pay the most by increasing the value of the companies they run by a commensurate amount. Such performers are not to be confused with executives who work to propel their company’s stock price. This pursuit can have fleeting benefits and disastrous consequences, as Valeant International, the beleaguered drug company, has shown." "Companies love total shareholder return in part because it is easy to calculate. But a company’s stock can rocket even when its operations are being run into the ground. So basing pay on total shareholder return can encourage an executive to manage more for a company’s share price than for its overall health." The takeaway there is that share price is NOT a good measure of a CEO's value. Perhaps you didn't read far enough? Here is what else it says.....
A better way to measure whether a C.E.O. has created value at a company is to look at its return on capital over a period of years. This reveals how effectively a company is using its own money to generate profit in its operations.
When you compare these returns to an executive’s compensation, you see where pay is justified and where it isn’t. Perhaps you need to reread what I wrote? Because what you quoted in no way contradicts it. My excerpts are from the same article you were excerpting from, and what you excerpted supports what I excerpted. |
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Post by gamblerjag on Jul 15, 2019 21:49:35 GMT -5
Everybody leaves out the 40 million shares sold short when talking about share price. Until those shares are repurchased, the price really should have an asterisk. Today, the price is $1.09*, or $1.09 plus whatever 40 million shares might take it to when sold. Does any CEO have a sure fire recipe for shaking off the shorts once they have their tentacles on a company? That is, one that doesn't require exactly what Mike has been doing, executing a complete turnaround of a this failed company? I sincerely doubt that anyone here can illustrate for the board, and especially for MC's edification, exactly how to turn around a disgraced, almost bankrupt company faster than we are going now. Al had about 20 years to get it right and even he, with all his experience, money and know-how, failed. Mike has been given just over 2 years. I'll put it this way. If rumor gets out tomorrow in pre-market about Mannkind being sold, what would the share price look like at the end of the trading day? That's Mannkind's ACTUAL value. Current share price, with all these shares sold short, is just a distraction. . I totally agree with radgray And Central… I just can’t articulate it like they can…Mike has done an amazing Job in 90% and his CEO position. Never complained not going to start now when I see progress in most all areas. Now the question is what would mankind true worths price be tomorrow tomorrow at B/O ?? |
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Post by agedhippie on Jul 16, 2019 8:35:54 GMT -5
Everybody leaves out the 40 million shares sold short when talking about share price. Until those shares are repurchased, the price really should have an asterisk. Today, the price is $1.09*, or $1.09 plus whatever 40 million shares might take it to when sold. Does any CEO have a sure fire recipe for shaking off the shorts once they have their tentacles on a company? That is, one that doesn't require exactly what Mike has been doing, executing a complete turnaround of a this failed company? I sincerely doubt that anyone here can illustrate for the board, and especially for MC's edification, exactly how to turn around a disgraced, almost bankrupt company faster than we are going now. Al had about 20 years to get it right and even he, with all his experience, money and know-how, failed. Mike has been given just over 2 years. I'll put it this way. If rumor gets out tomorrow in pre-market about Mannkind being sold, what would the share price look like at the end of the trading day? That's Mannkind's ACTUAL value. Current share price, with all these shares sold short, is just a distraction. The 40M warrants is a problem, but when they are exercised or expire the share price is not going to move a lot. The warrants are flat out bad news, and they are there because management wanted to trade a bigger raise for a lower share price. I am not saying that is the wrong decision, but rather that the share price is the result of management's action. When those shares are exercised or expire the share price is not going to move significantly, it never has in the past. How do you get the shorts tentacles off the company? Deliver results and then shorting becomes a bad risk. This is all down to the management and Mike. Mannkind is not going bankrupt, that was never on the cards despite what the lunatic fringe were saying. As long as Mannkind can sell stock in placings it's good to go. Really this is 101 stuff. Look at Nektar who owned Exubera when Pfizer dumped it - they are still going quite happily (the shareholders less so unless they got out in the last spike). |
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Post by traderdennis on Jul 16, 2019 10:07:37 GMT -5
Everybody leaves out the 40 million shares sold short when talking about share price. Until those shares are repurchased, the price really should have an asterisk. Today, the price is $1.09*, or $1.09 plus whatever 40 million shares might take it to when sold. Does any CEO have a sure fire recipe for shaking off the shorts once they have their tentacles on a company? That is, one that doesn't require exactly what Mike has been doing, executing a complete turnaround of a this failed company? I sincerely doubt that anyone here can illustrate for the board, and especially for MC's edification, exactly how to turn around a disgraced, almost bankrupt company faster than we are going now. Al had about 20 years to get it right and even he, with all his experience, money and know-how, failed. Mike has been given just over 2 years. I'll put it this way. If rumor gets out tomorrow in pre-market about Mannkind being sold, what would the share price look like at the end of the trading day? That's Mannkind's ACTUAL value. Current share price, with all these shares sold short, is just a distraction. Until the company is not dependent on toxic financing the shirts have little to worry about. 26 million warrants outstanding and if they don’t exercise there will be a huge secondary probably over 40 million shares. Until the company has positive cash flow and positive earning there is no need for an asterisk on the stock price. |
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Post by radgray68 on Aug 7, 2019 20:23:26 GMT -5
Everybody leaves out the 40 million shares sold short when talking about share price. Until those shares are repurchased, the price really should have an asterisk. Today, the price is $1.09*, or $1.09 plus whatever 40 million shares might take it to when sold. Does any CEO have a sure fire recipe for shaking off the shorts once they have their tentacles on a company? That is, one that doesn't require exactly what Mike has been doing, executing a complete turnaround of a this failed company? I sincerely doubt that anyone here can illustrate for the board, and especially for MC's edification, exactly how to turn around a disgraced, almost bankrupt company faster than we are going now. Al had about 20 years to get it right and even he, with all his experience, money and know-how, failed. Mike has been given just over 2 years. I'll put it this way. If rumor gets out tomorrow in pre-market about Mannkind being sold, what would the share price look like at the end of the trading day? That's Mannkind's ACTUAL value. Current share price, with all these shares sold short, is just a distraction. Until the company is not dependent on toxic financing the shirts have little to worry about. 26 million warrants outstanding and if they don’t exercise there will be a huge secondary probably over 40 million shares. Until the company has positive cash flow and positive earning there is no need for an asterisk on the stock price. Do shorts have anything to worry about now? |
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Post by lifebreath on Aug 7, 2019 20:42:29 GMT -5
Until the company is not dependent on toxic financing the shirts have little to worry about. 26 million warrants outstanding and if they don’t exercise there will be a huge secondary probably over 40 million shares. Until the company has positive cash flow and positive earning there is no need for an asterisk on the stock price. Do shorts have anything to worry about now? No absolutely nothing |
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Post by letitride on Aug 7, 2019 20:57:14 GMT -5
Shorts dont need to worry but should consider an exit before they need to.
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Post by mytakeonit on Aug 7, 2019 21:23:52 GMT -5
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Post by ktim on Aug 8, 2019 1:36:59 GMT -5
Well, as long as you keep "buying every share" every day, I'm sure that don't stand a chance.  |
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Post by pat on Aug 8, 2019 5:34:01 GMT -5
He’s not buying every share every day.
Cuz I’m buying too.
You selling?
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Post by ktim on Aug 8, 2019 10:21:31 GMT -5
Everybody leaves out the 40 million shares sold short when talking about share price. Until those shares are repurchased, the price really should have an asterisk. Today, the price is $1.09*, or $1.09 plus whatever 40 million shares might take it to when sold. Does any CEO have a sure fire recipe for shaking off the shorts once they have their tentacles on a company? That is, one that doesn't require exactly what Mike has been doing, executing a complete turnaround of a this failed company? I sincerely doubt that anyone here can illustrate for the board, and especially for MC's edification, exactly how to turn around a disgraced, almost bankrupt company faster than we are going now. Al had about 20 years to get it right and even he, with all his experience, money and know-how, failed. Mike has been given just over 2 years. I'll put it this way. If rumor gets out tomorrow in pre-market about Mannkind being sold, what would the share price look like at the end of the trading day? That's Mannkind's ACTUAL value. Current share price, with all these shares sold short, is just a distraction. The 40M warrants is a problem, but when they are exercised or expire the share price is not going to move a lot. The warrants are flat out bad news, and they are there because management wanted to trade a bigger raise for a lower share price. I am not saying that is the wrong decision, but rather that the share price is the result of management's action. When those shares are exercised or expire the share price is not going to move significantly, it never has in the past. How do you get the shorts tentacles off the company? Deliver results and then shorting becomes a bad risk. This is all down to the management and Mike. Mannkind is not going bankrupt, that was never on the cards despite what the lunatic fringe were saying. As long as Mannkind can sell stock in placings it's good to go. Really this is 101 stuff. Look at Nektar who owned Exubera when Pfizer dumped it - they are still going quite happily (the shareholders less so unless they got out in the last spike). I think they easily could have orchestrated a bankruptcy (and/or taking the company private for next to nothing) during the past couple of years. That may well have been a better move to recapitalize and speed up recovery (current shareholders notwithstanding). Thankfully they did not choose that path. Think it fairly obvious now management isn't inclined in that direction. I've played this game long enough to have been burned a time or two. I may be a lunatic, but that doesn't mean all companies will treat me fairly. |
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