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Post by scottmnkd on Apr 1, 2020 11:42:33 GMT -5
Unbelievable... I finally dumped all my shares. There are so many better buys out there and I'm tired of being on the loosing end of the deal with MNKD! I've kept the faith for about 7 years but MC and the board is just too f cking arrogant and is running an otherwise good product/company into the ground with stupidity.
I enjoy reading comments from all good people on this board, so I'll still be around to see if things begin to change. For now, however, my rear-end is feeling a little raw!
GLTA
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Post by sportsrancho on Apr 1, 2020 11:57:11 GMT -5
Are we for sure doing a RS or are you just assuming/speculating they will? Speculation, but if they dilute and we are still near $1, it will tank the share price well below compliance for awhile unless some drastically good news comes out (in which case dilution would have been done after). The thing is I don’t think they care ..nobody will ever get back to even if they do another reverse split but they’ll just go on collecting their paychecks like always until we get to positive numbers and they ask for compensation. Who will buy the stock with dilution ahead? They have boxed themselves into another corner. |
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Post by falconquest on Apr 1, 2020 12:02:19 GMT -5
Unbelievable... I finally dumped all my shares. There are so many better buys out there and I'm tired of being on the loosing end of the deal with MNKD! I've kept the faith for about 7 years but MC and the board is just too f cking arrogant and is running an otherwise good product/company into the ground with stupidity. I enjoy reading comments from all good people on this board, so I'll still be around to see if things begin to change. For now, however, my rear-end is feeling a little raw! GLTA We all have our own tolerance level and I met mine a couple years ago. The point you make is very valid. Why hang around here when you can invest in other opportunities that allow much greater upside potential. It's a tough decision but better to make one and move forward rather than suffer from indecision. (and for those who want to bash me, that goes for the decision to stay in also.) Now, who is the parent company of Charmin? |
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Post by awesomo on Apr 1, 2020 12:04:29 GMT -5
OMG, I just read their incentive scoring, these jerkwads gave themselves extra credit to compensate for their crap Afrezza sales.
For 2019, there were four main corporate objectives that were specified in early 2019 and subsequently evaluated in March 2020 as follows:
- Achieve Afrezza net sales expectations 40% = 9/40 points
- Deliver cash on hand expectations 20% = 40/20 points
- Deliver on business development priorities 20% = 24/20 points
- Progress clinical development programs and regulatory submissions 20% = 20/20 points
Overall result: 93 out of 100 possible points
As a result of this assessment, 93% of the target STI opportunity for each executive officer will be paid in April 2020 as non-equity incentive compensation for 2019.
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Post by awesomo on Apr 1, 2020 12:09:48 GMT -5
Seriously, the gall to rate their performance as a 93/100. Think about that.
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Post by sportsrancho on Apr 1, 2020 12:11:55 GMT -5
And I’m not negative about us getting to break even. I am negative about how we’re getting there and at who’s expense.
Big changes needed!
Harry’s post on ST,
“ I'm just as irritated as the rest of you, but authorizing shares doesn't mean immediate dilution. However, we have seen what the management & BoDs has done with the last package of shares authorized. We need to see some major buying by the top executive team IMO and I would also like to see bonuses stopped for 2020 and voluntary pay cut by the CEO.”
I fully agree with that.
( Also mentioned was this... Also, someone with nads needs to sell Danbury's manufacturing capabilities as a priority to Onshore BP manufacturing.
Moving headquarters to Danbury.)
With this I think people would be more positive about voting for more shares.
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Post by casualinvestor on Apr 1, 2020 12:15:01 GMT -5
OMG, I just read their incentive scoring, these jerkwads gave themselves extra credit to compensate for their crap Afrezza sales.For 2019, there were four main corporate objectives that were specified in early 2019 and subsequently evaluated in March 2020 as follows: - Deliver cash on hand expectations 20% = 40/20 points Did they dilute in December just to get the cash on hand number up over some benchmark for their incentives? |
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Post by awesomo on Apr 1, 2020 12:28:43 GMT -5
OMG, I just read their incentive scoring, these jerkwads gave themselves extra credit to compensate for their crap Afrezza sales.For 2019, there were four main corporate objectives that were specified in early 2019 and subsequently evaluated in March 2020 as follows: - Deliver cash on hand expectations 20% = 40/20 points Did they dilute in December just to get the cash on hand number up over some benchmark for their incentives? Wouldn’t put it past them, it’s clear their priorities don’t align with shareholders. Gives themselves extra credit for cash on hand, and then turns around and asks for more shares. Meanwhile Mike brags about shareholder return on the earnings slide which has all been wiped out and more since then. It’s just ridiculous. |
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Post by mango on Apr 1, 2020 13:05:33 GMT -5
This would be a good time to announce the plot twist.
Can we please?
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Post by rfogel on Apr 1, 2020 13:31:08 GMT -5
Seriously, the gall to rate their performance as a 93/100. Think about that. April Fools' joke? |
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Post by mytakeonit on Apr 1, 2020 13:39:46 GMT -5
No reverse split till we get back to the 600M outstanding share mark. And this would only occur if money is needed to do something really big. Having enough authorized shares is normal procedure for any company that plans to survive ... and it doesn't mean that they will use it. And you all know that this will pass.
But, that's mytakeonit
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Post by nylefty on Apr 1, 2020 13:53:22 GMT -5
And I’m not negative about us getting to break even. I am negative about how we’re getting there and at who’s expense. Big changes needed! Harry’s post on ST, “ I'm just as irritated as the rest of you, but authorizing shares doesn't mean immediate dilution. However, we have seen what the management & BoDs has done with the last package of shares authorized. We need to see some major buying by the top executive team IMO and I would also like to see bonuses stopped for 2020 and voluntary pay cut by the CEO.” I fully agree with that. ( Also mentioned was this... Also, someone with nads needs to sell Danbury's manufacturing capabilities as a priority to Onshore BP manufacturing. Moving headquarters to Danbury.) With this I think people would be more positive about voting for more shares. They're never going to move headquarters to Danbury. For one thing, many if not most execs and other Westlake employees have spouses who have jobs in Southern California, including Mike's wife. |
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Post by mango on Apr 1, 2020 14:07:50 GMT -5
No reverse split till we get back to the 600M outstanding share mark. And this would only occur if money is needed to do something really big. Having enough authorized shares is normal procedure for any company that plans to survive ... and it doesn't mean that they will use it. And you all know that this will pass. But, that's mytakeonit If we do another RS I'll need to take residence in half the tent you're renting out. I'll bring the wine. |
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Post by mnkdfann on Apr 1, 2020 14:11:52 GMT -5
As I see it, if they think they are going to have to dilute anytime in 2020, the sooner the better. The markets are not going to be doing any favours for MNKD's share price anytime soon, imo.
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Post by rickf on Apr 1, 2020 14:25:56 GMT -5
As I see it, if they think they are going to have to dilute anytime in 2020, the sooner the better. The markets are not going to be doing any favours for MNKD's share price anytime soon, imo. I might agree to another rs but there would be a few conditions; 1. the BOd's all resign 2. All upper mgmt. resign 3. put the janitor in as CEO - he might not be able to destroy all our equity as fast as the current CEO! |
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