|
|
Post by winstonsmith on Apr 3, 2020 6:22:44 GMT -5
Signed & donated Class action lawsuits next Class action lawsuit? That's the talk of either ignorance or agenda driven short. Which one are you newbie? |
|
|
|
Post by prcgorman2 on Apr 3, 2020 6:26:38 GMT -5
I am amused at all of the discussion on dilution. I (and others) predicted this. It was obvious. What would you armchair CEOs do? The company is not profitable. The tranches from MidCap aren't a clear bridge of operating capital to carry Mannkind until they are profitable, and oh yeah, their sales force just got quarantined. Another reverse split isn't out of the question, but it is unlikely I think. How do you feel about giving themselves a 93/100 for performance? Like I said, dilution is probably a necessary evil, but the fact that the management team/BoD keeps touting themselves as having done a great job is embarrassing. 93/100 on a year when many companies are giving 120%, 130% and higher incentive payments sounds about right. |
|
|
|
Post by goyocafe on Apr 3, 2020 6:29:31 GMT -5
How do you feel about giving themselves a 93/100 for performance? Like I said, dilution is probably a necessary evil, but the fact that the management team/BoD keeps touting themselves as having done a great job is embarrassing. 93/100 on a year when many companies are giving 120%. 130% and higher incentive payments sounds about right. You mean profitable companies with highly appreciable share prices? Who are you? |
|
|
|
Post by sportsrancho on Apr 3, 2020 6:32:08 GMT -5
93/100 on a year when many companies are giving 120%. 130% and higher incentive payments sounds about right. You mean profitable companies with highly appreciable share prices? Who are you? quite a few people asking that question lately.... |
|
|
|
Post by brotherm1 on Apr 3, 2020 6:39:58 GMT -5
lately???
|
|
|
|
Post by prcgorman2 on Apr 3, 2020 6:41:26 GMT -5
I get that if you think of 93% as an A rating, then you can be dissatisfied with their incentive payment. But it's not a static rating, and subjecctive of course. They may think they got stiffed and you who want their heads think it is egregious. If we say the scale has changed (because it has) and most incentives were 20% or 30% or more higher than 100%, than what is a 93% then? What is the grade on that bell curve? 93 divided by 125 = 74.4. That’s a C. Sounds about right except for those who expect miracles.
|
|
|
|
Post by goyocafe on Apr 3, 2020 6:57:39 GMT -5
I get that if you think of 93% as an A rating, then you can be dissatisfied with their incentive payment. But it's not a static rating, and subjecctive of course. They may think they got stiffed and you who want their heads think it is egregious. If we say the scale has changed (because it has) and most incentives were 20% or 30% or more higher than 100%, than what is a 93% then? What is the grade on that bell curve? 93 divided by 125 = 74.4. That’s a C. Sounds about right except for those who expect miracles. I had no idea a Company’s performance could or should be based on a bell curve relative to other companies. Really? Have you looked at the objectives and the subjective scores they gave each one? The BOD is supposed to prevent these types of irregularities from occurring and to protect shareholder value. They seem complicit in this particular scheme. |
|
|
|
Post by sportsrancho on Apr 3, 2020 7:01:12 GMT -5
But yet they love to come on here and read everything and collect pictures off of Stocktwits...the question is why when they don’t seem to have any desire to help shareholder relations. Some of them do for sure. But not enough of them.
Blocking shareholders on Twitter, and blocking Vdex on Twitter shows you what the mentality is!!
|
|
|
|
Post by sportsrancho on Apr 3, 2020 7:13:27 GMT -5
I get that if you think of 93% as an A rating, then you can be dissatisfied with their incentive payment. But it's not a static rating, and subjecctive of course. They may think they got stiffed and you who want their heads think it is egregious. If we say the scale has changed (because it has) and most incentives were 20% or 30% or more higher than 100%, than what is a 93% then? What is the grade on that bell curve? 93 divided by 125 = 74.4. That’s a C. Sounds about right except for those who expect miracles. I had no idea a Company’s performance could or should be based on a bell curve relative to other companies. Really? Have you looked at the objectives and the subjective scores they gave each one? The BOD is supposed to prevent these types of irregularities from occurring and to protect shareholder value. They seem complicit in this particular scheme. From regenmedprovider..( A respected doctor on ST) “I’m not on PB, but whoever said the BOD seems complicit is accurate. Of course they are. This is willful blindness. It is a legal concept and actionable. The BOD knows or should have known that there are/were shenanigans. But they keep cashing their hush money checks.” |
|
|
|
Post by prcgorman2 on Apr 3, 2020 7:13:38 GMT -5
This is causing you both so much unhappiness. I feel like it should me too, but it doesn’t. I have way more invested than I should have too. I don’t feel like I’m complacent. I’m not sure why there is such a disconnecct. I think maybe it’s because my experience tells me that Mannkind is and has been in a hell of a jam for multiple years and expecting more than what you’re getting isn’t wrong necessarily, but a matter of your frame of reference. My frame of reference is thank God they’re not bankrupt and my money forever lost. Your frame of reference seems to be IF ONLY they had better management we would all be millionaires. The truth is probably somewhere in between.
|
|
|
|
Post by mango on Apr 3, 2020 7:16:37 GMT -5
I would give Executive Management a passing graze, but they have done nothing to warrant salary increases and/or bonuses for 2019.
And, even if they were warranted, they should heed to Boston Scientific's practice of cutting the CEO's pay and Directors etc during this time of economic meltdown and global pandemic.
MannKind is demonstrating financial irresponsibility and selfishness.
|
|
|
|
Post by sportsrancho on Apr 3, 2020 7:20:33 GMT -5
continued from the post above ..... “If you’re on PB, suggest that. And that FBI and SEC should be notified. Plenty of us here have documented the misleading statements, squandering of money, and questionable actions. Using the #MNKDwillfulblindness we can create an extensive summary for reporting, which along with the change.org/ petition will get some attention.“ www.change.org/ |
|
|
|
Post by dmoney113 on Apr 3, 2020 7:22:03 GMT -5
How do you feel about giving themselves a 93/100 for performance? Like I said, dilution is probably a necessary evil, but the fact that the management team/BoD keeps touting themselves as having done a great job is embarrassing. 93/100 on a year when many companies are giving 120%, 130% and higher incentive payments sounds about right. |
|
|
|
Post by rickf on Apr 3, 2020 7:26:33 GMT -5
This is causing you both so much unhappiness. I feel like it should me too, but it doesn’t. I have way more invested than I should have too. I don’t feel like I’m complacent. I’m not sure why there is such a disconnecct. I think maybe it’s because my experience tells me that Mannkind is and has been in a hell of a jam for multiple years and expecting more than what you’re getting isn’t wrong necessarily, but a matter of your frame of reference. My frame of reference is thank God they’re not bankrupt and my money forever lost. Your frame of reference seems to be IF ONLY they had better management we would all be millionaires. The truth is probably somewhere in between. As disappointed as I am about this company and its results so far I do believe that this is a fair assessment. I too am in WAY to much and down BIG time with this stock. I can only imagine that Mr. Mann is likely rolling in his grave at the way that his "gift" to the diabetic world has not been the success that he must have thought it to be. He was a major reason that I invested as much as I did at a time that I ought not to have (at my age and this was to be my retirement funds). Perhaps the reason we all feel differently about the managements performance is our "need" - I am sure that Bill Gates would not worry or loose too much sleep if he lost $250k or so ---- but I do. The world can invent the absolute best mousetrap but if it doesnt sell - it will fail! |
|
|
|
Post by morfu on Apr 3, 2020 7:58:04 GMT -5
This is causing you both so much unhappiness. I feel like it should me too, but it doesn’t. I have way more invested than I should have too. I don’t feel like I’m complacent. I’m not sure why there is such a disconnecct. I think maybe it’s because my experience tells me that Mannkind is and has been in a hell of a jam for multiple years and expecting more than what you’re getting isn’t wrong necessarily, but a matter of your frame of reference. My frame of reference is thank God they’re not bankrupt and my money forever lost. Your frame of reference seems to be IF ONLY they had better management we would all be millionaires. The truth is probably somewhere in between. As disappointed as I am about this company and its results so far I do believe that this is a fair assessment. I too am in WAY to much and down BIG time with this stock. I can only imagine that Mr. Mann is likely rolling in his grave at the way that his "gift" to the diabetic world has not been the success that he must have thought it to be. He was a major reason that I invested as much as I did at a time that I ought not to have (at my age and this was to be my retirement funds). Perhaps the reason we all feel differently about the managements performance is our "need" - I am sure that Bill Gates would not worry or loose too much sleep if he lost $250k or so ---- but I do. The world can invent the absolute best mousetrap but if it doesnt sell - it will fail! I am not that disappointed in the company or the sales of their main product Afrezza, however I criticize how the management financed and apparently plan to finance.. Earlier somebody said, that it is normal for a company to give the management shares to be able to act and I agree with that idea in principle. This particular management however gave a big chunk of shares away in 2018 (20% of the companies value for about $40mil), without any apparent need or explanation. I want to know who got this package right before Christmas and see other ways of financing pursued in future. I just do not believe that Mannkind cannot get money without dilutions. The management did not do their job! And clearly, I do not want to give them the shares to do that again (giving themselves a huge bonus while generating money selling out the shareholders) How about giving them $20mil shares with on order of strict transparency!
|
|
