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Post by Deleted on Apr 11, 2020 22:37:33 GMT -5
Actually Management has purchased shares on the open market. Mike has made several purchases over the last 4 years. Keep looking at the DAILY STOCK PRICE.....You need to see the big picture. GL Those aren’t open market buys, they’re part of their stock purchase plan where they often get a discount. Also they are all token buys, 5,000 shares or less in which sometimes Kendall doesn’t even bother participating in fully. Go back to 2018 and look at the Open Market BUYS. |
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Post by sportsrancho on Apr 11, 2020 22:52:39 GMT -5
It is financially irresponsible, not warranted nor justified for MannKind Executive Management to seek increased compensation for their performance in 2019. Not only was their performances mediocre and stayed well within the boundaries of their given job duties (none of them went above and beyond), and not only have MannKind Shareholders not received an ROI, and not only is MannKind strapped for cash, and not only is MannKind still in massive debt, and not only is MannKind still in financial arrangements with swamp creatures, and not only is the PPS at a pathetic $1.04—but the Country is in a grand economic meltdown and in the midst of a global pandemic. This is financial irresponsibility. This is financial immaturity. This is financial greed. This is disrespectful to MannKind Shareholders, employees, the Company, patients and the late Alfred E. Mann. I am extremely disappointed in MannKind Executive Management. Sign this Petition if you agree. www.change.org/p/mannkind-shareholders-mannkind-shareholders-against-salary-increases-and-bonuses-for-executive-managementFWI....I just sent this to the Mann Family. |
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Post by goyocafe on Apr 12, 2020 0:48:17 GMT -5
Does Casper work for Mannkind Corporation? Casper, just look at the irregular ratings they gave themselves relative to their goals. I won’t spell them all out again. They insult my aging intelligence. If you think claiming a 22% increase in share price is an example of “talent”, I have to wonder what shit show I’m watching. Sorry, I don’t buy the justifications you’ve given. Compensate management when they show measurable results that do not insult anyone outside of the organization and I’m all for it. Where are the results? Sales up 40%? Hell, double them and it might get my attention, except they are still paltry relative to what is needed. The cash on hand is a slight of hand. Dilute in December, 2018, and get get credit for remaining cash the following year doesn’t fool me. Shareholders paid for that cash, not company management performance. Why torture yourself?? You can make money elsewhere and probably offset your loses. Have you ever asked why quality people have joined MNKD? That should tell you something and the fact that you are still holding MNKD shares should tell you something also. I won't go back and rehash Mike's compensation but he has not received a 100%+ Bonus since he got there. Mike has busted his ass to turn around MNKD. And you all complained about the capital raise in Dec. 2018 which turned out to be a brilliant and company saving move. Mike is building for the future. He told us it was not going to be a fast rise. Add in the turnaround, the growth cycle of new insulins and the pressure from competitors and Wall Street......Hell Mike has done a phenomenal job. Yeah the stock price doesn't reflect it but in time it will. Since everyone LOVES TO RECITE AL MANN.......What did he say??? "Take care of the patient first and the rest will follow." That is Mikes Motto also. I can promise you one thing.....MNKD will not be at $1.00 by 12/31. I’m feeling just ornery enough tonight to add a colorful analogy to your bolded statement above. I saved a lifetime of hard earned money to buy a large piece of land where I wanted to build my permanent home. I hired a top notch architect to design my dream house and I set out to execute my plan. Everything was in order. My architect had a vast amount of experience and I put my total trust in his design, layout, and specifications. I bankrolled my project and hired a prime contractor who at first had a convincing story. Unfortunately, the project rolled on and on, incurring more and more delays, adding significantly to my cost basis on the building project. To make matters worse the prime contractor would go weeks without communicating with me, continually came up with excuses and often spun unbelievable stories that were causes for the delays. But he also praised himself for how well he was doing on the project when even a layman could see this was not the case. After many attempts to see his potential come to fruition, I realized the prime contractor and his team were not the team I needed nor wanted on the project any longer. If I were to follow your line of thinking, I should just abandon my project and walk away. Trash my plans, sell my land, and write off the expenses incurred up to this point on the building. I see it very differently. I still have a beautiful 500 acre piece of pristine land with enormous potential for expansion. I also have the plans that embrace my vision of the property for years to come. The only thing that needs to change is to find a new prime contractor and a new team that can build my house as it was intended. I hope you are able to see the parallels in my analogy. So, no, I’m not going to sell my shares, but I am going to advocate at every opportunity that the management team be brought under control or replaced. My dream and aspirations for Afrezza and Technosphere remain the same. My respect and patience with the current management team and BOD have all but sublimated after repeated offenses to my intelligence and to the integrity of the organization. |
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Post by morfu on Apr 12, 2020 3:13:08 GMT -5
>> Also the increase in AS is for possible equity partners. They will have about 35% to issue but the key is for the stock price to be higher and then make the deal.
Well I am reciting my answer in this thread from 8 days ago: "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!"
Well, we have this history with this management same arguments, same 35% dilution just 2 years ago!
== Whoever does not learn from the mistakes of the past, tends to repeats them. ==
Fool us once, that is on you, but if we keep on giving shares to a management which is well document to just throw them out of the window without looking for other financing and even seems to be proud of being dept free at the current dilution, well eventually we have to blame ourselfs! That money from 2018 basically remained untouched for 15months, no other financing effort succeeded in that time and now they ask for more shares..
This topic was covered. The capital raise was a smart move. The Credit Markets had potential pitfalls in 2019 and they had to meet covenant requirements. Like I said you guys will complain about raises and bonuses. MNKD was just about done cleaning up their balance sheet so they could not use the debt markets. Their Phase 1 candidates were not ready for any type of partnerships so the only way to raise was thru dilution and it wasn't a bad deal. It was better than before but none the less they had to do it. The final warrants are coming due in June so that will hopefully unlock the ceiling on the stock and it will start to climb. I doubt very seriously they will dilute without an equity partnership. And I KNOW they will not dilute with the price at $1.00. Sales are climbing, Burn rate is dropping and they have the warrants and a milestone payment plus Brazil Revenue. MNKD has a lot in the hopper...Just have to wait until it all comes rolling through. >> This topic was covered. Really? So who got these 20% of the shares in 2018? >> The capital raise was a smart move.
No, it was not, at least not for the shareholders, the management and the BoD got their boni so..
>> Like I said you guys will complain about raises and bonuses. Just stating facts.. it takes some odd math on some even odder metrics to come up with that 93% performance We got lucky they were not aiming higher.. they more they dilute the more points htey make and the BoD gets more shares (their compensation is adapted)
>> MNKD was just about done cleaning up their balance sheet so.. otherwise they would have pretty much the same balance sheet than before, but no 20% dilution and the management would not have gotten the boni..
>> ... they could not use the debt markets. Obviously! But I am looking for a management that can! Every other company doesn´t seem to have any problem with it, any bank and creditor seems happy enough to loan out money these days.. I am saying, that they should not get any more boni or more shares to waste until they learn how to use the debt market, the management before MC could do it and they were in a more dire situation!
>> Their Phase 1 candidates were not ready for any type of partnerships so the only way to raise was thru dilution and it wasn't a bad deal. Well, let´s agree to disagree on that! IMHO the deal was horrible, took the wind out of a raising share price (solid from August till December 2018, if I remember correctly) and let to a dip until now. The best part is, even after unneeded balance sheet cosmetics this money was not touched until now! The reality is, the deal was horrible, the timing and pricing bad and the reason for it vanity and personal gain for the management!
>> I doubt very seriously they will dilute without an equity partnership. Well, that´s what I heard them saying two years ago! And then somehow 35% of my shares went away to clear up a balance sheet! Also, I really do not care who is trying to steal my shares, what do I need a new partner for if the first thing they do is stealing 35% of my wealth? Because, >> Sales are climbing, Burn rate is dropping and they have the warrants and a milestone payment plus Brazil Revenue. and the last thing I want is someone to get any gain from that for free
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Post by Deleted on Apr 12, 2020 4:15:12 GMT -5
No I do not work for Mannkind. This is easy if you're not happy with the performance of the stock then SELL. Why torture yourself?? You can make money elsewhere and probably offset your loses. Have you ever asked why quality people have joined MNKD? That should tell you something and the fact that you are still holding MNKD shares should tell you something also. I won't go back and rehash Mike's compensation but he has not received a 100%+ Bonus since he got there. Mike has busted his ass to turn around MNKD. And you all complained about the capital raise in Dec. 2018 which turned out to be a brilliant and company saving move. Mike is building for the future. He told us it was not going to be a fast rise. Add in the turnaround, the growth cycle of new insulins and the pressure from competitors and Wall Street......Hell Mike has done a phenomenal job. Yeah the stock price doesn't reflect it but in time it will. Since everyone LOVES TO RECITE AL MANN.......What did he say??? "Take care of the patient first and the rest will follow." That is Mikes Motto also. I can promise you one thing.....MNKD will not be at $1.00 by 12/31. I’m feeling just ornery enough tonight to add a colorful analogy to your bolded statement above. I saved a lifetime of hard earned money to buy a large piece of land where I wanted to build my permanent home. I hired a top notch architect to design my dream house and I set out to execute my plan. Everything was in order. My architect had a vast amount of experience and I put my total trust in his design, layout, and specifications. I bankrolled my project and hired a prime contractor who at first had a convincing story. Unfortunately, the project rolled on and on, incurring more and more delays, adding significantly to my cost basis on the building project. To make matters worse the prime contractor would go weeks without communicating with me, continually came up with excuses and often spun unbelievable stories that were causes for the delays. But he also praised himself for how well he was doing on the project when even a layman could see this was not the case. After many attempts to see his potential come to fruition, I realized the prime contractor and his team were not the team I needed nor wanted on the project any longer. If I were to follow your line of thinking, I should just abandon my project and walk away. Trash my plans, sell my land, and write off the expenses incurred up to this point on the building. I see it very differently. I still have a beautiful 500 acre piece of pristine land with enormous potential for expansion. I also have the plans that embrace my vision of the property for years to come. The only thing that needs to change is to find a new prime contractor and a new team that can build my house as it was intended. I hope you are able to see the parallels in my analogy. So, no, I’m not going to sell my shares, but I am going to advocate at every opportunity that the management team be brought under control or replaced. My dream and aspirations for Afrezza and Technosphere remain the same. My respect and patience with the current management team and BOD have all but sublimated after repeated offenses to my intelligence and to the integrity of the organization. Thanks for the story.....its was touching if it was true. Look.....Is MNKD better NOW than 3 years ago?? Is MNKD a stronger company now than 3 years ago?? Will MNKD be an even stronger company 3 years from now? YES to ALL THREE. Thats why you invested your money into the company. So the choice is yours. You can sit here and say WOAH IS ME.....I'm losing money...POOR ME. Look at any micro cap biotech stock and tell me if they didn't struggle when they became a commercial company. Take a look at DXCM.....They languished for over 7 years before they took off. And remember MNKD was not supposed to sell their own product. What do you expect when you have 3 GIANTS taking aim at you. You have a superior product that could literally challenge their dominance and are trying everything in their legal power hurt MNKD. What do yo expect?? |
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Post by barnstormer on Apr 12, 2020 7:36:12 GMT -5
Casper, what I/we expect is a lot more transparency from management. You obviously support them. Many of us do not. You are right, there are 3 drug companies that have a lot to lose if Afrezza reaches success anywhere near what Al Mann thought it would. A strong experienced CEO (not a learn on the job guy) would be doing a lot more to defend the share price. That is after all one of the responsibilities of the leader of a public company. The challenge Afrezza has to be a disrupter isn't the first and won't be the last. This management team just doesn't have what it takes to deliver so the share price continues to suffer. The December raise was a gaffe no matter how you try to spin it. The deals Mike has with BIOMM, Cipla, and Immix have no upfront cash. If a CEO can't sell potential partners/companies with cash than this proves he is a horrible negotiator or just picks poor partners. He has said for two years he is working on deals with Mexico and Canada. Where are they? He tossed one away in UAE. I hope sooner rather than later the intsitutional owners who really have the power to make changes at the top sober up and say enough is enough. Otherwise we are at the mercy of a poor management team whose track record will continue to disappoint. And by the way. Don't be smug and tell us we should sell our shares and invest them somewhere else. Many of us longs didn't sell because Mike assured us "he never fails", "we are going to be just fine", "you'll thank me later". And you wonder why we don't think he is entitled to a raise? Let alone continued employment. I have to laugh.
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Post by rickf on Apr 12, 2020 7:49:00 GMT -5
No I do not work for Mannkind. This is easy if you're not happy with the performance of the stock then SELL. Why torture yourself?? You can make money elsewhere and probably offset your loses. Have you ever asked why quality people have joined MNKD? That should tell you something and the fact that you are still holding MNKD shares should tell you something also. I won't go back and rehash Mike's compensation but he has not received a 100%+ Bonus since he got there. Mike has busted his ass to turn around MNKD. And you all complained about the capital raise in Dec. 2018 which turned out to be a brilliant and company saving move. Mike is building for the future. He told us it was not going to be a fast rise. Add in the turnaround, the growth cycle of new insulins and the pressure from competitors and Wall Street......Hell Mike has done a phenomenal job. Yeah the stock price doesn't reflect it but in time it will. Since everyone LOVES TO RECITE AL MANN.......What did he say??? "Take care of the patient first and the rest will follow." That is Mikes Motto also. I can promise you one thing.....MNKD will not be at $1.00 by 12/31. I’m feeling just ornery enough tonight to add a colorful analogy to your bolded statement above. I saved a lifetime of hard earned money to buy a large piece of land where I wanted to build my permanent home. I hired a top notch architect to design my dream house and I set out to execute my plan. Everything was in order. My architect had a vast amount of experience and I put my total trust in his design, layout, and specifications. I bankrolled my project and hired a prime contractor who at first had a convincing story. Unfortunately, the project rolled on and on, incurring more and more delays, adding significantly to my cost basis on the building project. To make matters worse the prime contractor would go weeks without communicating with me, continually came up with excuses and often spun unbelievable stories that were causes for the delays. But he also praised himself for how well he was doing on the project when even a layman could see this was not the case. After many attempts to see his potential come to fruition, I realized the prime contractor and his team were not the team I needed nor wanted on the project any longer. If I were to follow your line of thinking, I should just abandon my project and walk away. Trash my plans, sell my land, and write off the expenses incurred up to this point on the building. I see it very differently. I still have a beautiful 500 acre piece of pristine land with enormous potential for expansion. I also have the plans that embrace my vision of the property for years to come. The only thing that needs to change is to find a new prime contractor and a new team that can build my house as it was intended. I hope you are able to see the parallels in my analogy. So, no, I’m not going to sell my shares, but I am going to advocate at every opportunity that the management team be brought under control or replaced. My dream and aspirations for Afrezza and Technosphere remain the same. My respect and patience with the current management team and BOD have all but sublimated after repeated offenses to my intelligence and to the integrity of the organization. I could not have put my own feelings better - well said GoYo --- to make it even perhaps stranger - you may very well have liked the contractor but - if they cannot do the job - time to assist them finding gainful employment - elsewhere. I also have way more into this company than I should have as I was on the edge of retirement and at this point - there is no use selling the stock for the amount it would return. |
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Post by buyitonsale on Apr 12, 2020 13:45:09 GMT -5
Cipla paid over $2m upfront... by the way.
I’m reserving my approval or disapproval of management and their proposals when I vote with my shares on ASM proxy.
After that voting is done I stay positive and supportive of the end results that are put in place by the voting because this result represents the interests of the majority,
I will not resort to whining, negative comments and bitterness towards basically my own decision to invest in this company or even worse the decision of others. I view this board as a constructive and informative discussion medium and will only participate in that fashion.
Instead I will keep blocking all individuals that project useless negativity that is not helping me see my investment to the successful result I envision it will.
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Post by Deleted on Apr 12, 2020 16:01:45 GMT -5
Casper, what I/we expect is a lot more transparency from management. You obviously support them. Many of us do not. You are right, there are 3 drug companies that have a lot to lose if Afrezza reaches success anywhere near what Al Mann thought it would. A strong experienced CEO (not a learn on the job guy) would be doing a lot more to defend the share price. That is after all one of the responsibilities of the leader of a public company. The challenge Afrezza has to be a disrupter isn't the first and won't be the last. This management team just doesn't have what it takes to deliver so the share price continues to suffer. The December raise was a gaffe no matter how you try to spin it. The deals Mike has with BIOMM, Cipla, and Immix have no upfront cash. If a CEO can't sell potential partners/companies with cash than this proves he is a horrible negotiator or just picks poor partners. He has said for two years he is working on deals with Mexico and Canada. Where are they? He tossed one away in UAE. I hope sooner rather than later the intsitutional owners who really have the power to make changes at the top sober up and say enough is enough. Otherwise we are at the mercy of a poor management team whose track record will continue to disappoint. And by the way. Don't be smug and tell us we should sell our shares and invest them somewhere else. Many of us longs didn't sell because Mike assured us "he never fails", "we are going to be just fine", "you'll thank me later". And you wonder why we don't think he is entitled to a raise? Let alone continued employment. I have to laugh. Yeah I forgot this is a ANTI-MNKD GRIEF Message Board. You want them to be more transparent? HOW?? You really want them to display their strategy to everyone?? Give me a break. You probably bitched about the SECRET Transactions a couple of years ago. You all bitched when Matt was CEO and you all said let's get someone who thinks outside the box. Well we got a young energetic PHARMA Guy and everyone was excited. You guys cant have it both ways. You guys want them issue press releases for every Patent that's issued. You want a CEO that will manipulate the stock price. That's a very short term strategy. Mike has said he is setting this company up for long term growth. That doesn't happen overnight. And you're bitching about the Brazil and India deal. You all were excited about the Brazil filing but remember Mike has said both markets will not have a large impact on expanding MARGINS. IMMIX is a collaboration. It's not a final deal so there are no terms. OK he's being transparent....he issued a PR on the collaboration. They are waiting on government money to finalize a deal. I don't see why you're saying MNKD has poor management. Sales are growing. Brazil is growing. UTHR is in BED with MNKD in a big way. The company is strong. And ALL of this has been done with NO MONEY. Hell the CFO has done a magnificent job and I guess you feel he shouldn't get a bonus. You guys see a glass half empty. I see it as half full. I guess MISERY LOVES COMPANY......I DONE!! |
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Post by mango on Apr 12, 2020 16:17:45 GMT -5
Casper, what I/we expect is a lot more transparency from management. You obviously support them. Many of us do not. You are right, there are 3 drug companies that have a lot to lose if Afrezza reaches success anywhere near what Al Mann thought it would. A strong experienced CEO (not a learn on the job guy) would be doing a lot more to defend the share price. That is after all one of the responsibilities of the leader of a public company. The challenge Afrezza has to be a disrupter isn't the first and won't be the last. This management team just doesn't have what it takes to deliver so the share price continues to suffer. The December raise was a gaffe no matter how you try to spin it. The deals Mike has with BIOMM, Cipla, and Immix have no upfront cash. If a CEO can't sell potential partners/companies with cash than this proves he is a horrible negotiator or just picks poor partners. He has said for two years he is working on deals with Mexico and Canada. Where are they? He tossed one away in UAE. I hope sooner rather than later the intsitutional owners who really have the power to make changes at the top sober up and say enough is enough. Otherwise we are at the mercy of a poor management team whose track record will continue to disappoint. And by the way. Don't be smug and tell us we should sell our shares and invest them somewhere else. Many of us longs didn't sell because Mike assured us "he never fails", "we are going to be just fine", "you'll thank me later". And you wonder why we don't think he is entitled to a raise? Let alone continued employment. I have to laugh. Yeah I forgot this is a ANTI-MNKD GRIEF Message Board. You want them to be more transparent? HOW?? You really want them to display their strategy to everyone?? Give me a break. You probably bitched about the SECRET Transactions a couple of years ago. You all bitched when Matt was CEO and you all said let's get someone who thinks outside the box. Well we got a young energetic PHARMA Guy and everyone was excited. You guys cant have it both ways. You guys want them issue press releases for every Patent that's issued. You want a CEO that will manipulate the stock price. That's a very short term strategy. Mike has said he is setting this company up for long term growth. That doesn't happen overnight. And you're bitching about the Brazil and India deal. You all were excited about the Brazil filing but remember Mike has said both markets will not have a large impact on expanding MARGINS. IMMIX is a collaboration. It's not a final deal so there are no terms. OK he's being transparent....he issued a PR on the collaboration. They are waiting on government money to finalize a deal. I don't see why you're saying MNKD has poor management. Sales are growing. Brazil is growing. UTHR is in BED with MNKD in a big way. The company is strong. And ALL of this has been done with NO MONEY. Hell the CFO has done a magnificent job and I guess you feel he shouldn't get a bonus. You guys see a glass half empty. I see it as half full. I guess MISERY LOVES COMPANY......I DONE!! Casper, I respect your feelings and opinions of MannKind Executive Management, but I have yet to see you explain how salary increases and/or bonuses for MannKind Executive Management's performance for the year 2019 is both warranted and justified based on their performances, and now, based also in a grand economic meltdown with catastrophic potential, while in the midst of a global pandemic. Like I said, I respect your opinions of Management, however, you have skated around the above so far and I think we all (the 405 MannKind Shareholders who disagree with you) would like for you address it. |
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Post by mounts on Apr 12, 2020 19:35:10 GMT -5
No I do not work for Mannkind. This is easy if you're not happy with the performance of the stock then SELL. Why torture yourself?? You can make money elsewhere and probably offset your loses. Have you ever asked why quality people have joined MNKD? That should tell you something and the fact that you are still holding MNKD shares should tell you something also. I won't go back and rehash Mike's compensation but he has not received a 100%+ Bonus since he got there. Mike has busted his ass to turn around MNKD. And you all complained about the capital raise in Dec. 2018 which turned out to be a brilliant and company saving move. Mike is building for the future. He told us it was not going to be a fast rise. Add in the turnaround, the growth cycle of new insulins and the pressure from competitors and Wall Street......Hell Mike has done a phenomenal job. Yeah the stock price doesn't reflect it but in time it will. Since everyone LOVES TO RECITE AL MANN.......What did he say??? "Take care of the patient first and the rest will follow." That is Mikes Motto also. I can promise you one thing.....MNKD will not be at $1.00 by 12/31. I’m feeling just ornery enough tonight to add a colorful analogy to your bolded statement above. I saved a lifetime of hard earned money to buy a large piece of land where I wanted to build my permanent home. I hired a top notch architect to design my dream house and I set out to execute my plan. Everything was in order. My architect had a vast amount of experience and I put my total trust in his design, layout, and specifications. I bankrolled my project and hired a prime contractor who at first had a convincing story. Unfortunately, the project rolled on and on, incurring more and more delays, adding significantly to my cost basis on the building project. To make matters worse the prime contractor would go weeks without communicating with me, continually came up with excuses and often spun unbelievable stories that were causes for the delays. But he also praised himself for how well he was doing on the project when even a layman could see this was not the case. After many attempts to see his potential come to fruition, I realized the prime contractor and his team were not the team I needed nor wanted on the project any longer. If I were to follow your line of thinking, I should just abandon my project and walk away. Trash my plans, sell my land, and write off the expenses incurred up to this point on the building. I see it very differently. I still have a beautiful 500 acre piece of pristine land with enormous potential for expansion. I also have the plans that embrace my vision of the property for years to come. The only thing that needs to change is to find a new prime contractor and a new team that can build my house as it was intended. I hope you are able to see the parallels in my analogy. So, no, I’m not going to sell my shares, but I am going to advocate at every opportunity that the management team be brought under control or replaced. My dream and aspirations for Afrezza and Technosphere remain the same. My respect and patience with the current management team and BOD have all but sublimated after repeated offenses to my intelligence and to the integrity of the organization. Perhaps you can elaborate on your analogy? What exactly corresponds to the 'beautiful land' in your analogy? Mannkind? Afrezza? Technosphere? The universe of endos out there? The entrenched existing habits in regard to insulin? The preexisting broad hard baked perceptions in regard to inhaled insulin? The challenges that faced Mannkind were practically insurmountable not too long ago. Not exactly a comparison to the beautiful lands you bought. The land of Mannkind was plagued with every challenge that is the nightmare of a real estate developer (zoning issues, leans, bad neighbors, violations, asbestos, etc etc) other than being in prime desired location. Hardly comparable to your analogy. This prime contractor methodically worked through challenge after challenge that faced the Mannkind land and eliminated them one by one to ensure the land can be harnessed for its full potential. What's needed needed at the top of Mannkind is the belief in the product qualities and the grit, perseverance and passion to see Mannkind succeed, no matter how long it takes and no matter what the obstacles it faces. And that's exactly the qualities that current management brings to Mannkind. Anyone realistic about the challenges to mainstream Afrezza is grateful to what current management has accomplished against all odds and is aware and appreciative of the incremental successes Mannkind has achieved over the recent years on so many different fronts. Instead of kvetching about management pay, focus how to help Mannkind overcome the challenges it faces. As the Mannkind strategy evolves to crack the code to reshape perceptions of the medical field, contribute insight and research that can help management further fine tune their strategy. Or find an opportunity to ensure the upcoming Bluehale connected app exceeds the expectations of new adopters to ensure they are properly and intuitively trained by the app to correctly use Afrezza, by aiming to provide as much as user feedback possible. Please, start doing something productive instead of focusing on changing management, so that you will later have an opportunity again to call for a change of management at a later point. |
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Post by Deleted on Apr 12, 2020 19:37:22 GMT -5
Yeah I forgot this is a ANTI-MNKD GRIEF Message Board. You want them to be more transparent? HOW?? You really want them to display their strategy to everyone?? Give me a break. You probably bitched about the SECRET Transactions a couple of years ago. You all bitched when Matt was CEO and you all said let's get someone who thinks outside the box. Well we got a young energetic PHARMA Guy and everyone was excited. You guys cant have it both ways. You guys want them issue press releases for every Patent that's issued. You want a CEO that will manipulate the stock price. That's a very short term strategy. Mike has said he is setting this company up for long term growth. That doesn't happen overnight. And you're bitching about the Brazil and India deal. You all were excited about the Brazil filing but remember Mike has said both markets will not have a large impact on expanding MARGINS. IMMIX is a collaboration. It's not a final deal so there are no terms. OK he's being transparent....he issued a PR on the collaboration. They are waiting on government money to finalize a deal. I don't see why you're saying MNKD has poor management. Sales are growing. Brazil is growing. UTHR is in BED with MNKD in a big way. The company is strong. And ALL of this has been done with NO MONEY. Hell the CFO has done a magnificent job and I guess you feel he shouldn't get a bonus. You guys see a glass half empty. I see it as half full. I guess MISERY LOVES COMPANY......I DONE!! Casper, I respect your feelings and opinions of MannKind Executive Management, but I have yet to see you explain how salary increases and/or bonuses for MannKind Executive Management's performance for the year 2019 is both warranted and justified based on their performances, and now, based also in a grand economic meltdown with catastrophic potential, while in the midst of a global pandemic. Like I said, I respect your opinions of Management, however, you have skated around the above so far and I think we all (the 405 MannKind Shareholders who disagree with you) would like for you address it. Come on Mango...You're smarter than this. 1. UTHR Partnership is strong and progressing nicely - Phase 3 is about to end in August and yes MNKD still has work to do on their end. 2. Brazil started selling in 2019 and is up and running. 3. Mike has cut the burn rate from $25 to $10 per Qtr. over 3 years. 4. India trials have started. 5. They have a distributor in Australia and will be filing soon. 6. Mike and Steve negotiated BIOMM so that all Revenues drop to the bottom line INSTANTLY which was the trade off for upfront money. 7. Kendall has been traveling the world pushing Afrezza at all conferences. 8. Pediatric CoHorts were developed and completed in 2019 and will be filing in the next 2-3 months. 9. Mike has advanced the pipeline with their candidates. 10. Mike met the UTHR Deadlines to get $25 Million in Milestones 11. Mike finally got Deerfield out of their hair. 12. Mike and Steve brought Mid Cap onboard to give them more runway. And for those who think the Dec. 2018 capital raise was Bullshit......Well think about this.....What type of deal would Mike have gotten without that extra money? I'm not sure Mid Cap would have stepped up to the plate with their deal and if they did it would have been a deal similar to Deerfield. Now you might not think all of this progress deserves a BONUS or the scheduled 2% raise and we all know it's up to the Compensation Committee but I'll go as far as to say he'll probably get 75% of his Target. MNKD is a much stronger company. MNKD is right sized right now. Doctors are asking to see their Afrezza Sales Reps MORE OFTEN. Drop the Mic. |
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Post by cjm18 on Apr 12, 2020 20:35:43 GMT -5
Casper, I respect your feelings and opinions of MannKind Executive Management, but I have yet to see you explain how salary increases and/or bonuses for MannKind Executive Management's performance for the year 2019 is both warranted and justified based on their performances, and now, based also in a grand economic meltdown with catastrophic potential, while in the midst of a global pandemic. Like I said, I respect your opinions of Management, however, you have skated around the above so far and I think we all (the 405 MannKind Shareholders who disagree with you) would like for you address it. Come on Mango...You're smarter than this. 1. UTHR Partnership is strong and progressing nicely - Phase 3 is about to end in August and yes MNKD still has work to do on their end. 2. Brazil started selling in 2019 and is up and running. 3. Mike has cut the burn rate from $25 to $10 per Qtr. over 3 years. 4. India trials have started. 5. They have a distributor in Australia and will be filing soon. 6. Mike and Steve negotiated BIOMM so that all Revenues drop to the bottom line INSTANTLY which was the trade off for upfront money. 7. Kendall has been traveling the world pushing Afrezza at all conferences. 8. Pediatric CoHorts were developed and completed in 2019 and will be filing in the next 2-3 months. 9. Mike has advanced the pipeline with their candidates. 10. Mike met the UTHR Deadlines to get $25 Million in Milestones 11. Mike finally got Deerfield out of their hair. 12. Mike and Steve brought Mid Cap onboard to give them more runway. And for those who think the Dec. 2018 capital raise was Bullshit......Well think about this.....What type of deal would Mike have gotten without that extra money? I'm not sure Mid Cap would have stepped up to the plate with their deal and if they did it would have been a deal similar to Deerfield. Now you might not think all of this progress deserves a BONUS or the scheduled 2% raise and we all know it's up to the Compensation Committee but I'll go as far as to say he'll probably get 75% of his Target. MNKD is a much stronger company. MNKD is right sized right now. Doctors are asking to see their Afrezza Sales Reps MORE OFTEN. Drop the Mic. Doctors are more often asking to see Afrezza reps? Said Mc? |
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Post by falconquest on Apr 12, 2020 21:08:20 GMT -5
It is apparent that what we have here is a large majority of especially very long term investors turning quite negative toward the company and a few folks trying desperately to defend the positive position. Who's right? We don't know and we can't know. you have to throw the dice and hope they come up sixes. I for one believe there are better investments out there right now. This is all about individual choice of course, but when long term holders that were once very positive turn quite negative, that tells me something. Good luck to those who choose to roll the dice.
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Post by slugworth008 on Apr 12, 2020 21:39:29 GMT -5
It is financially irresponsible, not warranted nor justified for MannKind Executive Management to seek increased compensation for their performance in 2019. Not only was their performances mediocre and stayed well within the boundaries of their given job duties (none of them went above and beyond), and not only have MannKind Shareholders not received an ROI, and not only is MannKind strapped for cash, and not only is MannKind still in massive debt, and not only is MannKind still in financial arrangements with swamp creatures, and not only is the PPS at a pathetic $1.04—but the Country is in a grand economic meltdown and in the midst of a global pandemic. This is financial irresponsibility. This is financial immaturity. This is financial greed. This is disrespectful to MannKind Shareholders, employees, the Company, patients and the late Alfred E. Mann. I am extremely disappointed in MannKind Executive Management. Sign this Petition if you agree. www.change.org/p/mannkind-shareholders-mannkind-shareholders-against-salary-increases-and-bonuses-for-executive-managementFWI....I just sent this to the Mann Family. Excellent - I wonder if you'll get a response and I signed the petition. |
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