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Post by ktim on Feb 14, 2020 17:22:36 GMT -5
The only vote that counts is when shareholders vote on BoD.
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Post by MnkdWASmyRtrmntPlan on Feb 15, 2020 6:04:45 GMT -5
The only vote that counts is when shareholders vote on BoD. So true, ktim. There is nothing to be "solved" by this silly poll. The words Yes and No are haphazard. As previously mentioned, option #1 is a joke. Those voting for that were just making the statement that MGT is brazen, shameless, and they are getting away with sucking all the marrow from MNKD's bones. That's a No. Option #2 is also a No because saying that MC will be gone in less than 12 months is in fact saying that he will "NOT BE IN PLACE IN THE FORESEEABLE FUTURE". In other words ... No.
And, what is that last No option anyway? What actions? Who's communication?
Besides, the entire poll just doesn't matter.
Here's the bottom line:
If we are able to make the changes necessary to the board and management, then MNKD could be profitable this year (2020).
And, if we don't, then Mannkind will be at the mercy of Vdex continuing to build clinics, which may take 2, 3 or more years.
MNKD will not be successful BECAUSE of Mike Castagna, but they COULD still be successful in SPITE of him (although I really believe that MC will continue to drive them BK).
And, the faster we get rid of him, the better for both Mannkind and mankind (and, obviously, for all diabetics and for MNKD shareholders).
And, I do believe that ... EVENTUALLY ... "All that was promised will be revealed, veins of gold included."
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Post by sportsrancho on Feb 15, 2020 7:40:45 GMT -5
My gut tells me that too much has come to light and that they’ve been looking for a replacement for many months.
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Post by falconquest on Feb 15, 2020 8:10:18 GMT -5
My gut tells me that too much has come to light and that they’ve been looking for a replacement for many months. If that's the case then they better hit a homerun on the first pitch. Mannkind can't afford any more screw ups! |
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Post by sportsrancho on Feb 15, 2020 8:18:15 GMT -5
My gut tells me that too much has come to light and that they’ve been looking for a replacement for many months. If that's the case then they better hit a homerun on the first pitch. Mannkind can't afford any more screw ups! Agree. Nate mentioned twice in his newsletter about the possibility of MC being replaced or delivering..but said that the stock would go up either way. “ The company’s upcoming earnings call is shaping up to be possibly be a “binary event” of sorts – either the company’s CEO, Mike Castagna, is going to provide an update (and possibly “news”) that will prove his plan is actually working even though the stock price still does not reflect the reality of the situation, or he is not going to be able to deliver on that front… and if he doesn’t, it will greatly increase the odds that he will be replaced (and, ironically, the good news for us is that history suggests that, under the circumstances, either outcome is likely to lead to an increase in the stock price from current levels!).” The danger is the way I see it, is that neither one of those things happen and he asks for more shares to be authorized. |
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Post by mcbone on Feb 15, 2020 8:34:52 GMT -5
Some argue that MC did a good job with the refinancing without much to work with. I think he did okay, but isn't refinancing debt what a good CFO does? I mean, how much creativity and vision does it take to refinance debt? I'm not sure our old friend Spencer who used to write about MNKD couldn't have done a better job managing MNKD's finances. It seemed to me from reading his articles (which I miss by the way) that Spencer had a much better grasp and was more on top of MNKD's finances than MNKD's management.
Further, in my view, MC's efforts on the refinancing are offset by his surprise "Christmas present" dilution last year, which funded a multi-million dollar ad campaign that was a complete failure.
Bottom line is that all we have from MC since the time he took over as CEO is a track record of complete failure concerning the most important issue: selling Afrezza
MNKD needs a CEO with vision, creativity and leadership ability. As to the first two qualities, MC's track record speaks for itself. As to the third, all I've seen is anecdotal evidence that the employees of MNKD do not like, respect or trust MC.
Sports, I hope your instincts are right. |
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Post by akemp3000 on Feb 15, 2020 8:51:50 GMT -5
I agree that's the danger of this investment as it currently sits. IF that were to happen, and that's a big if, it would mean the board fully supports the path MC is on even though everyone, including Mike, is disappointed with the speed of progress. The board might be ok with the current pace knowing there's good progress coming in 2020 with UTHR, RLS, pediatric approval, Brazil, Australia, India, numerous trials and who knows what else which is always the unknown wild card. I agree with Nate that we're approaching a binary moment with this company and the result will be good whatever happens. I happen to believe MC will come through but can certainly appreciate the perspective of those who think otherwise. I'm really looking forward to the next conference call and next event whatever that happens to be. GLTA
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Post by georgethenight2 on Feb 15, 2020 8:54:54 GMT -5
The only vote that counts is when shareholders vote on BoD. So true, ktim. There is nothing to be "solved" by this silly poll. The words Yes and No are haphazard. As previously mentioned, option #1 is a joke. Those voting for that were just making the statement that MGT is brazen, shameless, and they are getting away with sucking all the marrow from MNKD's bones. That's a No. Option #2 is also a No because saying that MC will be gone in less than 12 months is in fact saying that he will "NOT BE IN PLACE IN THE FORESEEABLE FUTURE". In other words ... No.
And, what is that last No option anyway? What actions? Who's communication?
Besides, the entire poll just doesn't matter.
Here's the bottom line:
If we are able to make the changes necessary to the board and management, then MNKD could be profitable this year (2020).
And, if we don't, then Mannkind will be at the mercy of Vdex continuing to build clinics, which may take 2, 3 or more years.
MNKD will not be successful BECAUSE of Mike Castagna, but they COULD still be successful in SPITE of him (although I really believe that MC will continue to drive them BK).
And, the faster we get rid of him, the better for both Mannkind and mankind (and, obviously, for all diabetics and for MNKD shareholders).
And, I do believe that ... EVENTUALLY ... "All that was promised will be revealed, veins of gold included."
Same could be said for a silly name like yours. But then again. If MNKD is your retirement plan, you are not going to be retiring anytime soon. |
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Post by barnstormer on Feb 15, 2020 10:20:14 GMT -5
A little off topic, but thought it worth mentioning. I was walking the dogs along San Diego Bay yesterday and an out of town young couple enjoying the San Diego sunshine asked if I'd take their picture. A conversation ensued and the young lady said she was attending a company meeting for Solara a diabetes medical supply company. She also mention she had worked for Novo. I asked if she had heard of Afrezza and she smiled and said "yes the inhaled insulin". She also said she thought Mannkind was a great company. Go figure.
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Post by letitride on Feb 15, 2020 10:21:25 GMT -5
There is only 1 elephant in the room and thats the 5th choice.
Lets Go!
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Post by sportsrancho on Feb 15, 2020 10:33:12 GMT -5
A little off topic, but thought it worth mentioning. I was walking the dogs along San Diego Bay yesterday and an out of town young couple enjoying the San Diego sunshine asked if I'd take their picture. A conversation ensued and the young lady said she was attending a company meeting for Solara a diabetes medical supply company. She also mention she had worked for Novo. I asked if she had heard of Afrezza and she smiled and said "yes the inhaled insulin". She also said she thought Mannkind was a great company. Go figure. Well that’s a positive change, because the last time somebody I know talked to somebody who worked at Novo they thought we were already dead🤣! That was way over a year ago though so I guess we’re giving the impression we’re here to stay! |
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Post by mytakeonit on Feb 15, 2020 13:20:22 GMT -5
I remember that !!! And a little while later I saw M.ediC.al people reviving the company and loaded up really cheap shares !
But, that's mytakeonit
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Post by mnholdem on Feb 15, 2020 13:45:29 GMT -5
Retention is a combination of two main factors; quality of experience, insurance coverage. Many posters have implied that Mannkind diabetes educators are incompetent and only the experts at VDEX know the secret sauce required to ensure quality of experience. My sentiment is that is not likely. mnholdem used to track Afrezza tier placement in the insurance formularies and post his findings. I think he gave up doing that a long time ago. My sentiment is the big nut to crack for retention is insurance coverage. I’ve been meaning to explain my discontinued coverage. Some time ago, formularylookup.com started requiring registration. Although it was free, admission is at their discretion. I received the message “you will be contacted” but I never received anything. So I no longer have access to FormularyLookup’s channel coverage for Afrezza. |
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Post by prcgorman2 on Feb 15, 2020 14:42:43 GMT -5
I am curious to see how the BoD elections go. There currently aren't many people who post here so any poll taken isn'very informative. The vote counts on this poll prove it. I would give Dr. Castagna a C but feel guilty I should have given him a B and that he might possibly deserve an A. I'm not there, so I don't know. I thought it was interesting that one of the posters who typically says pretty negative things implied that Mannkind employees don't like or trust Dr. Castagna. I've never worked in any company where all of the employees had a uniform affection for their leadership. Those companies probably exist but I don't have any experience with them. Same for hating their management. I've never seen a company where everybody disliked and distrusted their management but there are probably examples. I would counter the negative opinion with the opinion offered by Spencer Osborne who traveled to visit with the management and the employees and gave his opinion of their outlooks and demeanor. I believe Spencer. Ordinarily I expect SO to not be very supportive so I assumed it was so much so that he could not possibly have said otherwise and not have gotten a public counter. That was some time ago and maybe things have changed. No way to tell of course. I am curious to see how the BoD elections go. I assume it will be just like politics on the national scale. If Dr. Castagna is retained and so are all of the current board, the wailing and gnashing of teeth here will go on unabated. Most of you know I don't like negative posts and generally refrain from them. If as some want Dr. Castagna is displaced and the replacement fails to move the needle, you'll get to see what it's like when I make negative posts.
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Post by ktim on Feb 15, 2020 18:25:28 GMT -5
If that's the case then they better hit a homerun on the first pitch. Mannkind can't afford any more screw ups! Agree. Nate mentioned twice in his newsletter about the possibility of MC being replaced or delivering..but said that the stock would go up either way. “ The company’s upcoming earnings call is shaping up to be possibly be a “binary event” of sorts – either the company’s CEO, Mike Castagna, is going to provide an update (and possibly “news”) that will prove his plan is actually working even though the stock price still does not reflect the reality of the situation, or he is not going to be able to deliver on that front… and if he doesn’t, it will greatly increase the odds that he will be replaced (and, ironically, the good news for us is that history suggests that, under the circumstances, either outcome is likely to lead to an increase in the stock price from current levels!).” The danger is the way I see it, is that neither one of those things happen and he asks for more shares to be authorized. I would tend to think history suggests your stated dangerous outcome is actually the most likely. I don't buy Nate's opinion that something great for share price is inevitable. |
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