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Post by awesomo on Apr 20, 2020 9:24:53 GMT -5
The share price is your scorecard, convince Wall Street of this and you’ll change the odds in your favor. What we think doesn’t matter, we need good quality analyst upgrades. Stick to your guidance, get your credibility back. And don’t badmouth companies that are trying to help you sell your product. Stop playing games blocking shareholders on Twitter. It’s just silly! Overpromise and under deliver has been this company’s MO. Change that and people might see that we do have a game changer. Are you kidding...stop BLOCKING SHAREHOLDERS? Isn't that calling the kettle black. How many posts do you and this board DELETE because you don't like what we write. Talk about BLOCKING YOUR 1st Amendment Right. And I'm sure this post will be deleted. Are you really defending Mike by doing “whataboutism” going after sports and this board? Come on...
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Post by mnholdem on Apr 20, 2020 9:32:06 GMT -5
Casper that is just plain not true!! I have never deleted a post, I have never blocked anyone! Stop with the lies ..stop with the false statements. Right.... ProBoard members cannot delete posts by other members and staff can easily check security logs to prove that Sportsrancho’s comments are accurate. Also, the ProBoards-MNKD staff is quite circumspect about deleting any post. Those that are removed typically violate board rules and some are removed for being off-topic. Sportsrancho appears to be telling the truth so I’m wondering why Casper is questioning her integrity.
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Post by prcgorman2 on Apr 20, 2020 9:32:44 GMT -5
Sports is an employee of VDEX, a company whose CEO Bill McCullough has a controversial relationship with Mannkind management. The troubled relationship is of his own making because of the trash talking videos bashing Mannkind that Bill posted on the Internet (if nothing else). Sports has contributed much to this site over the years, and I respect that and appreciate sport's efforts. We disagree on a number of topics, but that is normal. We see examples of reasonable people disagreeing on a daily basis. I wish Sports and all MNKD longs the best of luck.
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Post by sportsrancho on Apr 20, 2020 9:34:43 GMT -5
liane can vouch for the fact that I have no ability or authority to delete anything. Most of the time I can’t even delete my own posts 🤣
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Post by sportsrancho on Apr 20, 2020 9:38:44 GMT -5
Sports is an employee of VDEX, a company whose CEO Bill McCullough has a controversial relationship with Mannkind management. The troubled relationship is of his own making because of the trash talking videos bashing Mannkind that Bill posted on the Internet (if nothing else). Sports has contributed much to this site over the years, and I respect that and appreciate sport's efforts. We disagree on a number of topics, but that is normal. We see examples of reasonable people disagreeing on a daily basis. I wish Sports and all MNKD longs the best of luck. I agree:-) except for this point, the troubled relationship is of Mike’s own making because he was bad mouthing Vdex to shareholders year’s before Steve went public with any of it.
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Post by liane on Apr 20, 2020 9:40:47 GMT -5
liane can vouch for the fact that I have no ability or authority to delete anything. Most of the time I can’t even delete my own posts 🤣 Yes, this is true.
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Post by prcgorman2 on Apr 20, 2020 9:56:01 GMT -5
Sports is an employee of VDEX, a company whose CEO Bill McCullough has a controversial relationship with Mannkind management. The troubled relationship is of his own making because of the trash talking videos bashing Mannkind that Bill posted on the Internet (if nothing else). Sports has contributed much to this site over the years, and I respect that and appreciate sport's efforts. We disagree on a number of topics, but that is normal. We see examples of reasonable people disagreeing on a daily basis. I wish Sports and all MNKD longs the best of luck. I agree:-) except for this point, the troubled relationship is of Mike’s on making because he was bad mouthing Vdex to shareholders year’s before Steve went public with any of it. My mom would say it was wrong on both counts (because she always admonished that if I couldn't say something nice, don't say anything at all), but my opinion is privately sharing negative views is an important difference in degrees from posting video blogs attacking the wisdom and integrity of a company's CEO and board of directors. As for blocking on Twitter, I wouldn't know if that is socially unacceptable because I don't Tweet or read what others Tweet, but blocking does seem to be a pretty common functionality of social media applications and gets used for pretty much the same reasons in every case; reducing annoyances from people with whom one does not want to associate.
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Post by sportsrancho on Apr 20, 2020 10:02:58 GMT -5
Yes I can understand that.
But aside from that, this whole thing is very suspicious because Casper never even apologized for accusing Vdex of not being able to use Medicare...after he got proved wrong. Now who would be against Vdex using Medicare if you were a Mannkind Long? And who would not be happy that they do!
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Post by bthomas55ep on Apr 20, 2020 10:04:40 GMT -5
I hate to say this again. And I understand your point completely. I think the people voting no on authorized shares are sending a message ( we’ve gone through this before, you say you’ve got plenty of money through the end of the year but we don’t trust you. ) If they get the stock up then they use the shares for dilution fine... if they can’t get the stock up and they have to reverse split it to dilute it ...I’m not gonna stay in for that. Period A reverse split of the shares does nothing to make any more shares available. The authorized shares shrink in the same proportion as the outstanding/issued shares. So again I say, I understand the dissatisfaction with Management and the Directors with the share price performance (and agree with not rewarding them with more potential incentives - which is where I think the message can be sent), but if more shares are not authorized and the company does not reach cash flow positivity within the current allotment of authorized shares (which is highly unlikely at the current pace), the company will face a bankruptcy event when it runs out of liquidity from milestone payments and borrowing limits within the current mid-cap credit facility. If you are truly a long investor, it is ludicrous to limit authorized shares at this stage of the game. The share price is where it is because bankruptcy still remains on the table and presents new investors with adequate risk/reward opportunity regardless of future dilution (signed - former dot-com officer who has first hand experience with bankruptcy).
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Post by casualinvestor on Apr 20, 2020 10:13:37 GMT -5
After the warrants expire in June, how many shares will MNKD have available to use for a raise? Not counting any that may be authorized in the future.
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Post by itellthefuture777 on Apr 20, 2020 10:20:59 GMT -5
I voted for everything Management wants..for the success of Mannkind and her crew. I am not here to mutiny..I am here for the 7 seas!
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Post by boca1girl on Apr 20, 2020 10:39:08 GMT -5
I agree the new shares are necessary but don’t understand why so many shares are necessary.. I would have been happier with 100M additional shares if we are in a good cash position and CFBE in 2021.
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Post by sportsrancho on Apr 20, 2020 11:04:38 GMT -5
You guys really think bankruptcy is still on the table? Ok...
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Post by awesomo on Apr 20, 2020 11:29:00 GMT -5
You guys really think bankruptcy is still on the table? Ok... I don't think bankruptcy is on the table, but they can fundraise/dilute ad nauseam wiping out shareholder value while collecting their compensation. This is why I want them to put their money where their mouth is and buy shares on the open market. Give us a signal that you're actually on shareholders' side. And I don't want to hear the excuse of California's cost of living. I live in the heart of Silicon Valley, it's bad, but certainly not "save the poor CEOs" bad. Mike and his executive team are doing just dandy.
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Post by bthomas55ep on Apr 20, 2020 11:35:21 GMT -5
You guys really think bankruptcy is still on the table? Ok... On that note, my comment would be that you can't believe that bankruptcy is a far fetched idea? There are 16 references to the fact that it is doubtful that the company can continue as a going concern without additional funding in the latest 10K (including a Statement from their independent auditor - Deloitte & Touche). Sports, I am not trying to argue with you, I just want to point out to those that may have not had real hands on experience with a start-up (yes, this is still a start-up), that available shares are the lifeblood until profitability. Anything can happen. We still have no idea how long the Coronavirus Crisis will last among other things. While I don't think retail investors can prevent these from becoming authorized, I wanted to point out to long investors that running out of shares to issue will cripple an investment.
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