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Post by derek2 on Feb 3, 2020 14:08:03 GMT -5
I remember him as an ardently bullish, who was polite to me although he didn't often agree with my take on things. It shocked me to return here after an extended absence and find him to be pretty critical, albeit on another web site. I hope the run-up over the last few months has treated people well. My last A1c was 5.8, and I've halved my basal and prandial insulin through changed diet (more, but not completely, vegetarian) and additional activity. Still waiting for Afrezza to be marketed in Canada. Derek EDIT: Talking abt John Kastanes - forgot to quote from the original post. Out of practice at this Proboards thing! Good to see you here again. Don't be a stranger. Got any position in MNKD currently? I only have a few thousand shares left, sold half the last time it was at $6 (didn't get the max price but it helped recoup some losses from years past). I've been holding now for years and will continue to hold - zero or hero. Derek
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Post by awesomo on Feb 3, 2020 14:10:11 GMT -5
As Mike C said previously, he's not worried about $$$. So he's either completely full of B.S. or he is horribly incompetent as a CEO, which is it?
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Post by seanismorris on Feb 3, 2020 14:16:13 GMT -5
As Mike C said previously, he's not worried about $$$. So he's either completely full of B.S. or he is horribly incompetent as a CEO, which is it? Is this an either/or question? Definitely B.S. he’s done money raises in the past after saying there’s no need. You don’t raise money (at this price) unless there’s a real need. Mikes competence is certainly questionable... we didn’t get to this share price for being competent.
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Post by mcbone on Feb 3, 2020 14:51:06 GMT -5
So he's either completely full of B.S. or he is horribly incompetent as a CEO, which is it? Is this an either/or question? Definitely B.S. he’s done money raises in the past after saying there’s no need. You don’t raise money (at this price) unless there’s a real need. Mikes competence is certainly questionable... we didn’t get to this share price for being competent. The term of art is "Hobson's choice," meaning that it at first appears that there are two alternatives, but it turns out that there's really only one choice. In this case, it's also perhaps a less direct way of stating what many have already concluded about MC. Alas.
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Post by longliner on Feb 3, 2020 14:56:59 GMT -5
Differently? I always liked the phrase by MC, "return on 3 billion dollars invested"👍
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Post by cretin11 on Feb 3, 2020 18:03:25 GMT -5
Differently? I always liked the phrase by MC, "return on 3 billion dollars invested"👍 What does that mean? Surely he's not saying we've gotten a good return on that $3B investment?
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Post by JEvans on Feb 3, 2020 18:03:52 GMT -5
Is this an either/or question? Definitely B.S. he’s done money raises in the past after saying there’s no need. You don’t raise money (at this price) unless there’s a real need. Mikes competence is certainly questionable... we didn’t get to this share price for being competent. The term of art is "Hobson's choice," meaning that it at first appears that there are two alternatives, but it turns out that there's really only one choice. In this case, it's also perhaps a less direct way of stating what many have already concluded about MC. Alas. MC seems to be a bit of a snowflake and isn't into real change. He appears to be happy moving things along at a snails pace, keeping the swamp happy and collecting an over inflated paycheck. For example, this time in 2017 (4th week Jan), scripts was 267/wk, 2020 was only 449 scripts/wk more. Three (3) yrs of shit sales
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Post by longliner on Feb 3, 2020 18:18:02 GMT -5
Differently? I always liked the phrase by MC, "return on 3 billion dollars invested"👍 What does that mean? Surely he's not saying we've gotten a good return on that $3B investment? Forward looking statement from MC.
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Post by sportsrancho on Feb 3, 2020 21:32:44 GMT -5
John K
with every day that goes by without news of a partnership or MannKind advancing the pipeline, the greater the probability nothing advances into phase 1 trials. Castagna is able to hide until the fourth quarter earnings call, and when it does occur it will most likely not include a discussion of entering a molecule into phase 1. I hope Castagna makes me eat my words but I highly doubt it.
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Post by prcgorman2 on Feb 4, 2020 5:46:48 GMT -5
So he's either completely full of B.S. or he is horribly incompetent as a CEO, which is it? Is this an either/or question? Definitely B.S. he’s done money raises in the past after saying there’s no need. You don’t raise money (at this price) unless there’s a real need. Mikes competence is certainly questionable... we didn’t get to this share price for being competent. HA! You have to be kidding me. What was the share price when Mannkind was forced to do the reverse split? And how far in was that to mike's tenure? How were the terms of the most recent loan as compared to the last? This board seems to need constant gratification. Ugh.
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Post by georgethenight2 on Feb 4, 2020 7:29:58 GMT -5
PC you're better off, doing a MTOI. If not let me.
36m shorts and growing, man I cant wait for the day to come.
My island could really use some new lightening, cuz you now my comedy just does not cut it.
Oh MC I am waiting for your announcement any day now.
The day will be glorious!
But hey, that's this guys take on it!
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Post by prcgorman2 on Feb 5, 2020 7:09:43 GMT -5
Each time they dilute the price will be higher. It will be at a lower PPS. And the the warrants more toxic. I think It’s a huge risk. Find a way to get money some other way. Sell something, get a loan from a white knight. An upfront payment from a partnership. We cannot do dilution again with the stock this low! How many times do we have to tell you guys the stock will go below a dollar, reverse split comes next and down the drain we go....and there is no recovery from that a second time!! Sorry for yelling. There is no magic. The PK/PD profile of Afrezza is a real, stubborn, fact. The social media comments tell the story. Try to find believable legitimate social media that says anything contrary on the scale of what is seen to the positive. My point is this. TS is going to be the gift that keeps on giving and UTHR (and maybe RLS) is proof. But, Afrezza is what is going to be what delivers an embarrassment of riches if that is ever going to happen. But since there is no magic, the work to convince payors, prescribers, and patients cannot be avoided. Those that hang on to the idea that Mannkind can market it’s way to dazzling profitability or cut it’s way to prosperity are more stubborn than the facts of which another is it is likely to take more cash than will be available from the current loan and revenue to operate Mannkind to develop the TS pipeline to deliver on the commitments to UTHR, to enter and complete Phase 1 trials of candidate molecules, to manufacture and distribute Afrezza, to cooperate in studies and trials of Afrezza, to support the sales and administrative costs of marketing, and to engage in finance and deal making. If mnholdem makes it to the board he is going to see these facts displayed in even more detail than what is available in the balance sheet and income statements. The information is there. We get updates. Spencer, et al, calculate cash burns. Mannkind management has been playing it skinny on financing. They’re trying to borrow cash, or sell equity, or increase revenue from Afrezza to get by, just enough, to get to CFBE or close enough to leverage FCF for a finance package that opens the way to larger scale (full scale?) operations. THAT is the time that things will get interesting. THEN is when you should see the SP begin to go up and not look back. THIS is the situation they are IMHO. GLTAL
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Post by sportsrancho on Feb 5, 2020 8:43:01 GMT -5
Tell me in 3 sentences what you mean...
Are you saying you don’t care if we have to reverse split again ..that the time to buy will be when that price (after the split) gets cut in half again? That could be true. I hope not. But that’s exactly what makes me hesitant to throw any more money at this right now.
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Post by goyocafe on Feb 5, 2020 9:10:11 GMT -5
When MC started, he said the website wasn’t important. Now, three years later, he not only revamps the website, but adds a whole new rebranding campaign to it. Yet there’s nothing dramatically different about insurance coverage, or sales. Sure they’re inching up, but they’re inching up from a very low starting point. Whatever his plan is, I’m convinced the common shareholders are going to pay for it. We are his saving grace because he knows we’re stuck and can capitalize on that fact. A new brand now? Why? He’s gone through 3 iterations of sales strategies, lost his marketing exec, and no longer speaks to the real issues of lack of sales and insurance coverage. He hasn’t won those battles so he’s going to rebrand and see how that goes. I like the new site, the new brand idea, but they seem to believe their ManndKind cares department is the answer to the insurance issue. It’s a bandaid, as is this new branding. Until they fix the label and insurance, this is what we are going to get and it’s going to cost us.
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Post by prcgorman2 on Feb 5, 2020 9:28:43 GMT -5
Tell me in 3 sentences what you mean... Are you saying you don’t care if we have to reverse split again ..that the time to buy will be when that price (after the split) gets cut in half again? That could be true. I hope not. But that’s exactly what makes me hesitant to throw any more money at this right now. Additional money is probably needed beyond what is available from existing resources (loan, ATM, revenue) to get to CFBE. Dilution is possible and not guaranteed to be a disaster because it depends on quantity and share price and it adds cash to the treasury and value to the market cap and may already be baked into the SP. Patience is a virtue because of current reality and the future positive outlook that is becoming increasingly probable.
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