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Post by brotherm1 on Dec 5, 2019 10:23:37 GMT -5
Has BM ever said how many? I’m will say this one more time, because you have never harassed me. Months ago he said in a video I believe, that there were over 500 patients. 80+ Retention...And because of NM those are picking up rapidly. Other clinics in negotiations. Other things with privacy issues. So where did you get 7 per month Casper? |
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Post by Deleted on Dec 5, 2019 10:24:24 GMT -5
Has BM ever said how many? I’m will say this one more time, because you have never harassed me. Months ago he said in a video I believe, that there were over 500 patients. 80+ Retention...And because of NM those are picking up rapidly. Other clinics in negotiations. Other things with privacy issues. I'm sorry but you cannot trust anything that comes out of the mouth of Bill and VDEX. Look at his cagey videos over the last year. He does not seem trust worthy. If he had come out from the beginning and laid everything on the table to the shareholders then it would be a different story. But he was trying to manipulate MNKD shareholders with all of his videos. It's easy to prey of vulnerable people when they are stressed and believe me the shareholders have been stressed for the last 4 years. Bill needs to keep his head down and focus on VDEX CLINICS and making it the best it can be. |
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Post by hellodolly on Dec 5, 2019 10:46:22 GMT -5
Terrific posts and dialogue providing some very thoughtful opinions, except for those that attack others (directly or indirectly) because of their thoughts on the matter. If you don't like what someone says here, why resort to attacking them personally rather than discuss the topics in the post? It just distracts from the dialogue and gives the appearance that you aren't capable of back and forth discussions. I haven't pledges shares, in part because of the outline by Casper...especially when he says that there hasn't been anyone who's done more for MNKD than Mike in the last several years. While the share price is often used by most to measure the performance of a CEO, this is MNKD people and not AMGN, ABBV or ABT, to name a few...which is to say that Casper has another valid point. There's more to the story and everyone knows it (if you've been here long enough), yet many have decided that enough time has passed for all of this to magically disappear, using the calendar and the SP alone. Mike is still unraveling and unlocking the chains from all of the previous bad decisions, with the few dollars he can raise and the people he has around him. I will say this however, I didn't like the pay raises, given the severity of the cash crunch...knowing you were going to do an offering. It's bad optics. But, if that's why you pledged your shares, they're not the right reasons IMHO. If you want a reason to pledge your shares, find something other than pay raises and Mike's current performance because both, as of toady, are insufficient in my mind to turn over the apple cart. I agree the pay raises were bad optics but you also have to realize they did not get pay raises for 2 years and no bonuses in the prior year. And this year Mike only received 60% of his target bonus. IMO MNKD was stuck between a rock and a hard place on this issue. You have to be able to retain talent and attract new talent to the company. Mike (& BOD) felt that the pay raises were warranted because they had accomplished a lot in the turnaround. Also remember the BOD determines Mike's compensation and they feel he is doing a good job. Could they have issued more stock options in lieu of money? Probably but you all would have bitched and complained about that. Regarding the stock price.....Yeah it's in the toilet and it's been there a while. But like NATE said the pendulum will eventually swing to the opposite. I am not worried because it will catch up and a proper valuation will be given to MNKD. Wall Street knew the shape MNKD was in. They are the experts and probably collude with each other. The turnaround is complete and Mike is starting to tell the story. Mike has picked up 5 new analyst coverage and more will come. Also I doubt the SP will skyrocket. It will be a slow climb and with each $1 rise the street will take notice and jump in. The shorts will not get burned.....Market makers will not allow it. They shorts have protection. We just have to wait and buy at these levels. That's exactly why I said to find another reason than the pay raises or SP. It's tough enough to do the job Mike's done with the scraps and crumbs left by Matt, who was left with a few grains of arsenic by H. The roots are taking hold and the plant will grow so long as Mike continues to fertilize and add water. Now is not the time nor season to prune. The dead wood is already gone. While I don't blame others for their bad investment decisions, that is all water under the bridge to Mike and not his pony. He's laser focused, IMHO, and you're either on the bus or you're off the bus and THAT is the way it HAS to be! I remember when he was engaging a few posts with others in social media...that sickened me. Showed me he was too wrapped up in the noise and not focused on the mission. Now, we don't here a peep from him or IR and that is assuring to me. It will take time. We will get noticed. The numbers show it...WS can only remain skeptical until even they will have to react. |
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Post by brotherm1 on Dec 5, 2019 10:52:15 GMT -5
I’m will say this one more time, because you have never harassed me. Months ago he said in a video I believe, that there were over 500 patients. 80+ Retention...And because of NM those are picking up rapidly. Other clinics in negotiations. Other things with privacy issues. I'm sorry but you cannot trust anything that comes out of the mouth of Bill and VDEX. Look at his cagey videos over the last year. He does not seem trust worthy. If he had come out from the beginning and laid everything on the table to the shareholders then it would be a different story. But he was trying to manipulate MNKD shareholders with all of his videos. It's easy to prey of vulnerable people when they are stressed and believe me the shareholders have been stressed for the last 4 years. Bill needs to keep his head down and focus on VDEX CLINICS and making it the best it can be. . Where did you get VDEX only writes 7 prescriptions per month Casper? |
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Post by awesomo on Dec 5, 2019 10:52:32 GMT -5
Dead wood already gone? Did you forget that we are on target to already miss the new loan covenants and that MidCap will essentially hold all the cards yet again like Deerfield did? Remember how that went?
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Post by Deleted on Dec 5, 2019 11:33:46 GMT -5
I'm sorry but you cannot trust anything that comes out of the mouth of Bill and VDEX. Look at his cagey videos over the last year. He does not seem trust worthy. If he had come out from the beginning and laid everything on the table to the shareholders then it would be a different story. But he was trying to manipulate MNKD shareholders with all of his videos. It's easy to prey of vulnerable people when they are stressed and believe me the shareholders have been stressed for the last 4 years. Bill needs to keep his head down and focus on VDEX CLINICS and making it the best it can be. . Where did you get VDEX only writes 7 prescriptions per month Casper? That's my point....VDEX took their story to the MNKD shareholders to win support but you can't get real numbers out of VDEX. How can you gain supporters when you're not UPFRONT and HONEST with the people you want to trust you? |
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Post by brotherm1 on Dec 5, 2019 11:37:44 GMT -5
. Where did you get VDEX only writes 7 prescriptions per month Casper? That's my point....VDEX took their story to the MNKD shareholders to win support but you can't get real numbers out of VDEX. How can you gain supporters when you're not UPFRONT and HONEST with the people you want to trust you? So you just made it up that they do 7 prescriptions per month? |
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Post by sportsrancho on Dec 5, 2019 11:52:06 GMT -5
If Vdex was selling another diabetic drug and not Afrezza then I could see how that would seem manipulative. But their main focus is to get as many patients on the drug as possible. That only helps us, the script count, and the share price.
Does Bill have his own ideas on how Mannkind could be run better.. yes. His motive is survival and success. And increasing his undervalued investment along with ours. He’s got the experience with the drug to know how best to market it.
Doesn’t matter why people are upset or why they’re mad, or if they’d prefer a different CEO. What matters is how they channel their energy into being productive. mnholdem lost money along with the rest of us, but he’s still here long the stock, standing up for shareholders. He isn’t a fan of rest and grow he’s a fan of multitasking without procrastination.
The stock is to low to be able to withstand any more dilution or raises. And again the covenants are going to be missed. That’s a kin to missing guidance over and over. Change is needing or HfM would not exist.
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Post by sportsrancho on Dec 5, 2019 11:53:27 GMT -5
Casper really ..you just got proven wrong with Medicare!!
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Post by Deleted on Dec 5, 2019 11:53:49 GMT -5
That's my point....VDEX took their story to the MNKD shareholders to win support but you can't get real numbers out of VDEX. How can you gain supporters when you're not UPFRONT and HONEST with the people you want to trust you? So you just made it up that they do 7 prescriptions per month? It was an educated guess.....because VDEX isn't honest with their statistics. |
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Post by brotherm1 on Dec 5, 2019 11:55:38 GMT -5
So you just made it up that they do 7 prescriptions per month? It was an educated guess.....because VDEX isn't honest with their statistics. Seems to me they are and you are obviously dishonest. |
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Post by casualinvestor on Dec 5, 2019 12:21:18 GMT -5
So you just made it up that they do 7 prescriptions per month? It was an educated guess.....because VDEX isn't honest with their statistics. An educated guess based on what things? I am really curious as to the trail of breadcrumbs that led you to that # Because it sounds like a number gotten to by selectively ignoring facts. MC talked about a small # of people from VDEX on Afrezza that would fit your 7 script per month number. But it has long since come out that MC's number was based on only 2 VDEX perscribers, and it's also from a long time ago, so it would also be ignoring growth. Secondly, where is your proof that VDEX isn't honest with their patient stats? I agree they are not sharing as much as you would like, but that's hardly dishonest. |
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Post by nylefty on Dec 5, 2019 13:25:12 GMT -5
Rule to live by: Never take seriously rants that include multiple words in all-caps.
BTW, Bill McCullough has never claimed to be a doctor.
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Post by ktim on Dec 5, 2019 13:30:35 GMT -5
The company's management has failed Afrezza. Supporting/believing in a company/product doesn't mean you have to support management. Tell me how the current management has failed. If you want to place blame...BLAME AL MANN. He's the one who took the lesser road to getting Afrezza approve. He's the reason why it got a BAD LABEL. It's funny how people love to criticize and talk shit about how someone is not doing a good job but give NO REASONS why they are doing a bad job. State what you would have done differently. My idea quite a long time before it was seemingly partially adopted by this management would have been to reduce marketing expenses by taking a geographically focused approach. Pick a few regions where they had the best traction with doctors willing to help spread the word and the most favorable formulary treatment. Cut expenses otherwise, including right sizing of staff. Mike was slow to do this and never cut expenses as much as he should have. The advertising campaign earlier this year also appears to wasted expenditure. That was not one I advocated against, but I'm still at a loss to reconcile management statements regarding Afrezza being very commercially responsive in the first round of advertising and then seemingly little to no results in the latter. Seems something was wrong in analysis, judgement or candor. Money saved those ways could have sped up some Phase I advancement of pipeline. Though perhaps it wasn't the money situation as much as indecision that was delaying pipeline advancement. And if there truly weren't any pipeline candidates looking promising enough at the time, I think money would have been better spent on doing small trials like STAT sooner than they were done. Either way I think better money allocation would have been possible. I voted against the share authorization because I felt doubling was definitely too much of an ask in the situation they were in. I think it was self fulfilling because it sent a message that a huge amount of dilution was likely, the expectation of which then helped drive down the price and... require more dilution when money needed to be raised. Quite apparent there is a difference in outcomes when something is being done from a position of weakness vs strength. Merely acting like one is in a field of roses doesn't make it so. I've also advocated for more candor from management rather than hand waving and pandering to the latest fairy tale that seems to be gaining traction with retail shareholders. All that said, I'm not one that is necessarily advocating for Mike's removal. I think he has accomplished things and isn't incompetent by any means. He has been in a tough situation. I suspect DeSisto looked at the situation and determined it was unwinnable. Would we even be able to get someone better than Mike. Hard for me to advocate for ousting someone when I haven't a clue who the replacement might possibly be. I met Al once and admired the man and his career. It's why I invested in MNKD. Though I do agree with you, he made crucial missteps with MNKD. |
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Post by mytakeonit on Dec 5, 2019 13:43:17 GMT -5
So we are back to growth percentages again? Okay, so the 2 went to 4 = 100% ... then the next month, instead of 2 we got 3 = 150% . Growth is good so open more profitable clinics and all will be well. As God said when he came upon the 3 holes in the ground ... Well ... Well ... Well ... then the people didn't die of thirst.
But, that's mytakeonit
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