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Post by lifebreath on Aug 20, 2019 22:00:18 GMT -5
Well I think this needs to be formally investigated.. there has to be a paper trail. These are serious allegations and likely would have made a difference with our investments No, Sweedee, a serious allegation would be if I were to batch up all the vile, unsubstantiated crap being flung around here about our CEO and handed it to investigators for a defamation case. It's called libel. No it’s called freedom of speech. Libel is very different than offering opinions on a public message board |
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Post by awesomo on Aug 20, 2019 22:18:58 GMT -5
Libel is also incredibly difficult to prove in the court of law because you have to prove it's both false and carries malicious intent. So good luck with that one, heck, maybe going through that process will shine some clarity on the whole situation.
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Post by prcgorman2 on Aug 20, 2019 22:32:29 GMT -5
A board member of Mannkind who doesn't know who the CEO is? Come on. That's Yahoo! Conversations level. What is your explanation for the lack of action by the board. And before you Render a blind opinion read about him, and the minimal duties of BOD’s When you say “lack of action” you mean action you are interested in. I’m not sure what that action you want or think is lacking exactly, but why throw stones at some board member in a way that does not reflect positively on you? UAE deal not dead? Why are we grasping like this? PPS low for a long time I get, but this board is kind of drifting away from what I think is reality. |
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Post by lifebreath on Aug 20, 2019 22:42:57 GMT -5
What is your explanation for the lack of action by the board. And before you Render a blind opinion read about him, and the minimal duties of BOD’s When you say “lack of action” you mean action you are interested in. I’m not sure what that action you want or think is lacking exactly, but why throw stones at some board member in a way that does not reflect positively on you? UAE deal not dead? Why are we grasping like this? PPS low for a long time I get, but this board is kind of drifting away from what I think is reality. No by lack of action. I am talking about performing fiduciary duties that represent shareholder interest. Which includes things that also benefit patients and the company as an ongoing profitable concern. |
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Post by ktim on Aug 20, 2019 22:47:03 GMT -5
Libel is also incredibly difficult to prove in the court of law because you have to prove it's both false and carries malicious intent. So good luck with that one, heck, maybe going through that process will shine some clarity on the whole situation. Yeah, no CEO in his right mind, even a very good one, would want to sue someone for libel over issues of running the business and have that air out in court. |
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Post by letitride on Aug 21, 2019 1:00:34 GMT -5
I believe Mike replaced Matt because the BOD needed a leader to run MNKD not a great CFO. That a Dubai deal got scuttled for whatever reason is the nature of business. That people with personal financial interest in that deal lost out to bad so sad. Mannkind was not built on Dubai or the back of the one board member fingered for this folly. That individual shareholders have tried and failed to insert themselves into the management of this company saying they arent getting the companies full attention means nothing to me. I am invested in Mannkind not Bill, Steve, VDEX or some other investors idea of how Mike should or should not run this company. Go Mannkind!
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Post by lakers on Aug 21, 2019 1:53:41 GMT -5
Steve, Bill, Ali’s,
You know there is a different tack to get BoD engaged in a constructive conversation if you want your grievance and strategy to be heard.
8/20/19, Pps=$1.14
Share Outstanding 189.62 M
Mkt cap 217.11M
Just buy at least 5% (9.481M shrs) on the open market, file with SEC a SC 13D/A, ask for 1 seat on the board. It’d cost only ~$14M to do it - Pocket change for ME partners. $1.6 23.3M share Warrant holder would short the stock capping Pps to $1.6. This ensures that you won’t pay over $1.6 average per share.
The 3 largest SH are BlackRock, Vangard, Mann Foundation owning 6.93, 5.18, 4.75% respectively. If you buy 5.2% (9.86M shares), You’d Become 2nd largest SH and instantly become MC’s boss.
Don’t waste your energy otherwise. Money talks.
If you don’t throw down the gauntlet by employing this effectively golden opportunity, let’s move on.
In theory, MC is vulnerable, having plausible performance issues: overpromise, under-deliver (chalked it up as rookie CEO mistake), failing to commercialize Afrezza (who doesn’t so far, the former Insulet CEO never had a chance), Xmas massacre (with the board blessings). Steve’s allegation seems serious shortchanging Afrezza ops in ME when Mnkd was running on empty.
Matt temporarily saved Mnkd with Sanofi’s settlement.
The honeymoon is over for MC. He needs to be graded solely on his performance moving forward like everyone else. No one is invincible.
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Post by sportsrancho on Aug 21, 2019 6:15:34 GMT -5
👏🏻👍
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Post by brotherm1 on Aug 21, 2019 7:23:12 GMT -5
So not that it matters now, just curious: was that large shipment of Afrezza a poster at the time had discovered and posted of a scheduled delivery by a shipping company to the UAE - and which caused a large jump in share price - actually legitimate?
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Post by sportsrancho on Aug 21, 2019 7:29:02 GMT -5
So not that it matters now, just curious: was that large shipment of Afrezza a poster at the time had discovered and posted of a scheduled delivery by a shipping company to the UAE - and which caused a large jump in share price - actually legitimate? Yes |
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Post by ktim on Aug 21, 2019 7:49:22 GMT -5
So not that it matters now, just curious: was that large shipment of Afrezza a poster at the time had discovered and posted of a scheduled delivery by a shipping company to the UAE - and which caused a large jump in share price - actually legitimate? Yes A large shipment of a perishable drug requiring refrigeration was legitimately booked for transit when an application for approval in the destination country had not been filed and the drug's manufacturer had struck no deal with a distributor? Sorry, but if that is part of the overall story VDex is telling it makes me disbelieve it. That doesn't pass the smell test... never did. If that's the way things are done we would have seen an order shipped to Brazil two years ago. |
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Post by prcgorman2 on Aug 21, 2019 7:51:53 GMT -5
Lakers. great post and dead-on in every respect. The stuff about a poster discovering a large shipment is hearsay. I’ll give it all the credibility it deserves.
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Post by sweedee79 on Aug 21, 2019 7:59:37 GMT -5
It isn't libel if its true
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Post by sportsrancho on Aug 21, 2019 8:14:15 GMT -5
A large shipment of a perishable drug requiring refrigeration was legitimately booked for transit when an application for approval in the destination country had not been filed and the drug's manufacturer had struck no deal with a distributor? Sorry, but if that is part of the overall story VDex is telling it makes me disbelieve it. That doesn't pass the smell test... never did. If that's the way things are done we would have seen an order shipped to Brazil two years ago. I don’t think it was a scheduled delivery, could be wrong.. I think it was the shipping company that was legitimate it would have to be pulled back up and looked at again. |
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Post by mnkdfann on Aug 21, 2019 8:26:38 GMT -5
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