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Post by prcgorman2 on Aug 19, 2019 13:53:27 GMT -5
I was going to say I thought I irritated both sexes pretty equally. If anything I'm old-fashioned and try to tread lighter where the "fairer sex" (get it?) is concerned.
Every ounce. Yes. I think anybody in the CEO job is screwed for moving the needle meaningfully in a short period of time if they have to do it on the back of increasing Afrezza NRx sales in the U.S. I think everything's been tried for "quick" results. And yes, MC's efforts since he took over 2 months after the Reverse Split in May 2017 has staunched the bleeding and propped up the share price.
Everybody agrees revenue is increasing and that there is legitimate hope we'll bridge between losing money and break-even.
All we're arguing about for the most part is how fast we can get to break-even and whether we'll need more dilution or more debt or both before probable sources of revenue get us over the hump.
Those sources have been discussed many times. e.g., unnamed molecule development milestones, Brazil order, linear (with a low incline and potentially slowing) Afrezza sales growth, etc.
There is no magic. So to me anybody who claims they know what we need to move the needle in a hurry and using what budget is available to Mannkind execs is either lying or delusional. I'll happily be proved wrong.
I've been sitting on shares and adding since 2013 before and after the AdComm, the FDA approval, the Sanofi perfidy, and the reverse split, so I think I have just as much right as most here to complain about PPS, but I am not ready to indulge (again) because I think it's pissing into the wind. I wrote excoriating posts back in summer of 2015 because THEN it was obvious beyond any doubt that Sanofi was screwing Mannkind investors and Mannkind management was powerless to stop them.
I can complain. But I can also give credit where it's due. Being CEO of any company worth a couple of hundred million dollars is not a cake walk. And you don't get selected to that role, or keep it, easily. I know that the management and the employees are trying hard to return shareholder value.
In 2015 I was concerned. Since 2016 I've held on because of just how good Afrezza is, and the hope (not certainty) that the prescribers and the insurers would recognize it too eventually and thought if PWDs knew in sufficient numbers that there was an ultra-fast acting inhalable insulin, they would push subscribers too. Well, that didn't happen. TV DTC and VDEX clinics are my definition of "get-rich-quick schemes" because they're assumed to provide a near-term benefit to PPS that I don't believe they can deliver. It's been proven with TV DTC. VDEX is unproven (and unpersuasive to me). In my view the proof of hope in VDEX would be success visible as rapid organic growth AND provable material positive impact on Afrezza sales. The only numbers I've seen were shared by MC in a retort to Bill, and those numbers were not flattering, but never seen them refuted either.
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Post by cretin11 on Aug 19, 2019 15:13:25 GMT -5
"Propped up the share price" since the reverse split? My memory is hazy, but wasn't share price in the $4 to $5 range after the RS? It hasn't been propped up much since then, to state the obvious. Maybe i misunderstood your point.
I want to agree with you that all we're arguing about is how fast we'll get to break even. Personally, i'm desperately hoping we'll get there, and i think our odds of that are at least 50/50, but wouldn't say it's a foregone conclusion. Some estimates i've seen are as long out as 6 years, based on Afrezza sales forecasting models. Of course we have other potential rev sources, but those are still speculative. If six years is accurate, my fear is the amount of dilution and reverse splitting that may be required could put our market cap at a level where a buyout would be disastrous (to those of us who have held since pre-AdCom days and haven't been able to average down enough).
We agree that complaining about PPS is pissing into the wind. I'm guilty of it, will try not to but it's likely i'll get splattered again because it's so frustrating to keep taking this beating.
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Post by lifebreath on Aug 19, 2019 15:29:48 GMT -5
I wonder now if we actually were in a position of strength considering the Abu Dubai deal was still in play, until Castagna became ceo and canned it. interesting... wow, I’ll have to find out. [br Had Matt already been talking with Dr Kendall and UTHR. Two more reasons for Matt to have such optimism |
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Post by letitride on Aug 19, 2019 15:47:59 GMT -5
Can anyone explain why they would replace Matt with Mike?
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Post by sportsrancho on Aug 19, 2019 16:39:41 GMT -5
Can anyone explain why they would replace Matt with Mike? Somebody on Stocktwits...evidently this is what Mike told him: Matt and Mike do not like each other. Yes, Matt was fired by the BOD. I wasn't told what exactly was illegal, but I was told that in house counsel advised against the deal. Mike actually did make the trip to sit down with the Saudis. He initially was on board and open to it. But red flags were popping up all over the place. @kevinmik Have you ever talked to Mike personally about what went down with the UAE deal? mannontop2 You should contact Mike. I'm sure he will have no problem giving you a little more clarity on what REALLY went down  @rozey1 Yea, he would have taken a better path. LOL. Thats why he got FKN FIRED!!!! The UAE deal was shady as fk, with sheik gangsters involved. That's what got Matt canned. This is the same person talking to a bunch of other people about the deal. Vdex has already explained their side of the situation. |
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Post by awesomo on Aug 19, 2019 16:42:56 GMT -5
Can anyone explain why they would replace Matt with Mike? Because the BoD said so. Whether the decision was based on merit, politics, potential, or because they bought into Mike talking a big game; only Mike/Matt and the BoD can tell you that. |
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Post by lennymnkd on Aug 19, 2019 17:06:31 GMT -5
I think Matt himself said he was only temporary and mentioned he was a financial guy / and a fill in for Al’s death utill a replacement was found.
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Post by lifebreath on Aug 19, 2019 20:15:09 GMT -5
I think Matt himself said he was only temporary and mentioned he was a financial guy / and a fill in for Al’s death utill a replacement was found. Unfortunately they did not look very hard for a replacement. BOD’s are lazy as sh*t |
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Post by winstonsmith on Aug 19, 2019 20:26:26 GMT -5
I second that.....put your own money where your mouth is!!!!
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Post by prcgorman2 on Aug 20, 2019 8:55:41 GMT -5
You too. You don't show your sentiment. Are you a short? Why is it so many people who've never been an executive or on a board of directors are so often sure of their opinion the people who are there don't deserve the role and are greedy, stupid, and lazy? It's a mystery to me. I think most people try hard in their jobs and the higher up they are, the more likely they had to invest substantial time and effort and be recognized for it. But maybe I'm wrong. Maybe people in positions of corporate fiduciary responsibility are mostly lucky damn fools. To that point, I have to admit there does not seem to be a lack of fools available.
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Post by awesomo on Aug 20, 2019 9:37:14 GMT -5
Sorry prc, the corporate world is most certainly not a meritocracy. Some rise to the top on ability and hard work, some through good fortune and knowing the right people, and some through stepping over the bodies of all the people they screwed over. Board of directors are usually filled with “successful” people that made their mark somewhere else. Greed and status are most certainly an influence for some of these people. I don’t think anyone has said they are stupid, but thinking that they are trying hard because of all the work they put into getting there is rather naive.
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Post by prcgorman2 on Aug 20, 2019 10:19:22 GMT -5
Not naive. 30+ years in a Fortune 500 company. Been through mergers, layoffs, etc. Met with CEOs, CTOs, etc. Some with "Doctor" in their titles. You better believe these people generally have their act together.
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Post by awesomo on Aug 20, 2019 10:22:36 GMT -5
Not naive. 30+ years in a Fortune 500 company. Been through mergers, layoffs, etc. Met with CEOs, CTOs, etc. Some with "Doctor" in their titles. You better believe these people generally have their act together. Like I said, nobody said they were stupid. Their motivations vary greatly though, and most certainly do not always lie with "I'm going to work super hard for the betterment of the shareholders!" |
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Post by sweedee79 on Aug 20, 2019 11:14:48 GMT -5
PRC.. fact of the matter is you don't know.. none of us does.. The only things we know is what has been presented to us and what we can see..
We can see what has been accomplished. And yeah some good things have happened.. However the pps sits at 1.15 ..
We can also see that Afrezza isn't selling all that well and understandably so considering the label and lack of capital to do needed trials etc. Management has thrown a lot of our precious dollars doing the same things over and over and it doesn't work..
At the same time Mike was saying all kinds of things encouraging the "hopium".. including posting "it's all up from here" then deleting it shortly after, he also said no dilution and then SURPRISE..
SO, I believe shareholder's have very good reasons for being sceptical and not trusting management anymore.. I highly doubt that any one of them is stupid or lazy.. but rather very intelligent and ambitious people.
Who knows what happened with Dubai.. but based on what I've seen and heard I'm not going to simply take Mike's word or anyone's word for that matter..
My main concern now is dealing with low Afrezza sales and retention.. and furthering the pipeline and growing shareholder value.. and I don't want to be strung along or fed BS anymore..
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Post by rickf on Aug 20, 2019 12:16:23 GMT -5
PRC.. fact of the matter is you don't know.. none of us does.. The only things we know is what has been presented to us and what we can see.. We can see what has been accomplished. And yeah some good things have happened.. However the pps sits at 1.15 .. We can also see that Afrezza isn't selling all that well and understandably so considering the label and lack of capital to do needed trials etc. Management has thrown a lot of our precious dollars doing the same things over and over and it doesn't work.. At the same time Mike was saying all kinds of things encouraging the "hopium".. including posting "it's all up from here" then deleting it shortly after, he also said no dilution and then SURPRISE.. SO, I believe shareholder's have very good reasons for being sceptical and not trusting management anymore.. I highly doubt that any one of them is stupid or lazy.. but rather very intelligent and ambitious people. Who knows what happened with Dubai.. but based on what I've seen and heard I'm not going to simply take Mike's word or anyone's word for that matter.. My main concern now is dealing with low Afrezza sales and retention.. and furthering the pipeline and growing shareholder value.. and I don't want to be strung along or fed BS anymore.. My main concern --- how the hell I will ever retire! I take full responsibility for investing the amount of my retirement funds (most) and believing in this company and its product but - I now have NO idea how I will ever retire! I have lost years worrying about this and yes - I know - some will say that you should only invest ----blah blah blah. But - I did. Hopium is ALL I have at this point! |
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