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Post by prcgorman2 on Apr 25, 2023 14:01:18 GMT -5
Authorized shares doesn't mean shares outstanding. Cash on hand is good and there is an improving revenue picture. I do not assume the CEO, CFO, and Board will be capricious with the new shares, and do not understand folks who suggest that.
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Post by hellodolly on Apr 25, 2023 14:23:41 GMT -5
Authorized shares doesn't mean shares outstanding. Cash on hand is good and there is an improving revenue picture. I do not assume the CEO, CFO, and Board will be capricious with the new shares, and do not understand folks who suggest that. I sometimes think they mistake this platform and the users with Yahoo and StockTwits. |
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Post by cretin11 on Apr 25, 2023 15:15:19 GMT -5
Across all social media platforms, I have to say I haven’t seen people this disgruntled in a long time. It seems to me that asking for more shares brought this to a head, and that we do need PR‘s..a different sales strategy and guidance. JMHO Sports - The last I looked Mike had over 1M shares. I am sure Mike would like to see the pps $100+ but its just not clear how he thinks we are getting there. Someone will surely correct me if wrong, but I think he now has over two million shares. |
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Post by mytakeonit on Apr 25, 2023 15:29:54 GMT -5
That is what Mike is ... a V-Go-Getter. Also, don't forget getting a partnership with Martine.
I'll just wait for the conference call.
But, that's mytakeonit
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Post by sayhey24 on Apr 25, 2023 15:33:04 GMT -5
Sports - The last I looked Mike had over 1M shares. I am sure Mike would like to see the pps $100+ but its just not clear how he thinks we are getting there. Someone will surely correct me if wrong, but I think he now has over two million shares. Good grief - don't make me look. Maybe with all that money he can buy a new phone and make a call to get TS GLP1 into the SURMOUNT-5 trial. At the same time maybe he can get a head-head with Ozempic/Mounjaro/afrezza for post prandial BG control and A1c. What are they saying tens of $$$Bs - then again maybe he is too busy putting the V-Gos in the reps bags. V-Go-Getter, now that is funny. endpts.com/lilly-will-test-its-weight-loss-drug-directly-against-novo-nordisks-wegovy/ |
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Post by prcgorman2 on Apr 25, 2023 16:46:15 GMT -5
Someone will surely correct me if wrong, but I think he now has over two million shares. Good grief - don't make me look. Maybe with all that money he can buy a new phone and make a call to get TS GLP1 into the SURMOUNT-5 trial. At the same time maybe he can get a head-head with Ozempic/Mounjaro/afrezza for post prandial BG control and A1c. What are they saying tens of $$$Bs - then again maybe he is too busy putting the V-Gos in the reps bags. V-Go-Getter, now that is funny. endpts.com/lilly-will-test-its-weight-loss-drug-directly-against-novo-nordisks-wegovy/That's it! The reason for the 400,000,000 more shares is to fund new trials, buy off PBMs, and a new phone ( <- veiled reference to the crap audio provided by the cheezy conferencing service on the last earnings call).
Just kidding of course. I agree with you about the need/value for competitive studies. Design, approval (by board and FDA), and execution take lots of time and money, and there's quite a bit of debt coming due in 2025 (if I remember correctly), so I assume cash conservation will continue until sufficient Free Cash Flow to fund more upscale marketing, or the credit market improves (or both).
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Post by phdedieu12 on Apr 25, 2023 17:23:38 GMT -5
I have always voted "Yes" but no more. I have been underwater for a decade and while I haven't sold, I am really disappointed in the promises not fulfilled. It's time for someone to do something that gets the share price up and going. Not holding $4 is a disgrace in my opinion. and your no vote will definitely accomplish that! Congrats! Now I feel better, when do we hit $8?? |
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Post by phdedieu12 on Apr 25, 2023 17:28:42 GMT -5
Sports - The last I looked Mike had over 1M shares. I am sure Mike would like to see the pps $100+ but its just not clear how he thinks we are getting there. Someone will surely correct me if wrong, but I think he now has over two million shares. I think it's even more, and his fortunes are directly tied to the sp. He has the same incentives we all do, if not more. No one wants MNKD to succeed more than he does |
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Post by sayhey24 on Apr 25, 2023 19:00:21 GMT -5
Someone will surely correct me if wrong, but I think he now has over two million shares. I think it's even more, and his fortunes are directly tied to the sp. He has the same incentives we all do, if not more. No one wants MNKD to succeed more than he does I agree - he does have more incentive for MNKD to succeed. There comes a point when its time to man-up and say lets bring in a guy who can get the job done. At this point its like Mike is the guy who has a plumbing problem and watched the youtube video on how to fix it. At least he figured out how to turn off the water and stop the leak but now he needs to get the job done and get the cash flowing. The problem is its taking forever and every time he thinks its fixed it leaks again. We should be filling barrels and barrels with cash and more cash but they are bone dry. We started with the flying hamburger and now we have V-Go. Can we get a plumber who knows what they are doing? Come on Mike, time to man-up or get-er done. |
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Post by JEvans on Apr 25, 2023 19:10:33 GMT -5
Someone will surely correct me if wrong, but I think he now has over two million shares. I think it's even more, and his fortunes are directly tied to the sp. He has the same incentives we all do, if not more. No one wants MNKD to succeed more than he does has currently 3,068,495 awarded shares (granted shares that were given to him). I don't know if he has paid for any under the company's stock purchase plan and I really doubt that he has actually payed for any like we have through a broker. The non-employed Board of Directors also have been awarded free stock. There are 8 of them, each with approx 300,000 shares. Free of course, the only caviate is that they can't redeem them until they resign or get voted off the board. Also, I believe they are awarded approx $180,000 worth of stock / yr. along with approx 200k/yr salary. That's if I read / remember the current DEF 14A proxy statement correctly I'm assuming MC and everyone at Mannkind want nothing more than the PPS to rise to the moon. But if it doesn't they dont have any skin in the game like actual, bought and paid for, shareholders do ? Myself included. The salaries alone and awarded shares given to the execs alone make them millionaires, not to mention the BOD who, most likely don't even need to physically show up to a meeting. I believe in awarding people who earn it..... but what does earn it mean ? In my opinion, earn it means awarding shareholders with rising stock prices. Being able to sale what you manufacture and DOMINATE. We are lucky that UTHR Tyvaso DPI fell into our laps, and is a windfall of earnings, so that we can continue talking about and testing ideas on how sell more product to dominate. Also, MC hasn't sent out a newsletter since Aug 2022. I think we deserve better, but then nobody is here against their will. |
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Post by cretin11 on Apr 25, 2023 20:00:06 GMT -5
Thanks for doing that math JEvans. That’s a large number of shares handed out and we know that behavior will continue, so it makes sense they felt the need to authorize millions more.
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Post by prcgorman2 on Apr 26, 2023 6:34:18 GMT -5
Ascribing greed and incompetence doesn’t make it so. I suppose you could argue that Mike is incompetent and any incompetent CEO could navigate through a failed drug launch, less than a quarter’s worth of cash left to operate with, a global pandemic which locked out your salesforce, and land a whale of a pipeline partner, but then you would just look foolish.
I think MNKD is small but mighty and I’m glad I weathered the storms and averaged down so that I can be less impatient as I wait to see what happens as things progress with the India and pediatrics trial for Afrezza, the development of clofazimine, and the manufacture and royalties from Treprostinil on TechnoSphere (aka Tyvaso DPI) plus whatever else will happen that we don’t have visibility to. Can another Tyvaso DPI rabbit be produced from the MNKD hat?
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Post by sweedee79 on Apr 26, 2023 9:44:07 GMT -5
Mike apparently didn't see what he was up against years ago.. but when he did see it he needed to think outside of the box... I haven't seen him do that.. it's the same old same old flying hamburgers.. race cars and useless BS.. get to the source of the problems.. solve those..
He is the CEO..getting paid a lot.. we have a right to hold him to it.. tired of the excuses..
He has done well keeping us from dilution for a while..financially he has made some good moves.. UT fell in his lap.. he is lucky it did.. investors have been more than patient.
Right now this market is killing everything.. so that's maybe why he wants those additional shares.. we might need them for an offering.. interest rates rising.. liquidity drying up.. I don't like it.
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Post by wmdhunt on Apr 26, 2023 9:56:29 GMT -5
3,068,495 shares seems like enough incentive... Averaging down over a decade has helped but each time it seems like admitting being a bit dumb. I've averaged until I won't anymore. Perhaps becoming a subsidiary of UT may be a desirable outcome with their proven management prowess. I am ready for something, anything, to mark a seachange. Good Luck to all.
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Post by cretin11 on Apr 26, 2023 11:09:03 GMT -5
Mike apparently didn't see what he was up against years ago.. but when he did see it he needed to think outside of the box... I haven't seen him do that.. it's the same old same old flying hamburgers.. race cars and useless BS.. get to the source of the problems.. solve those.. He is the CEO..getting paid a lot.. we have a right to hold him to it.. tired of the excuses.. Agree. The millions of shares given to him is a double edged sword. On one hand, yes he has obvious incentive to want the share price to go back up. Every dollar of share price increase is $3M+ more to him. Think about that math for a minute. On the other hand, even at our depressed share price, the shares handed him are worth over eight figures in value. He and his descendants are pretty much set. A slow restful strategy works fine for his personal coffers. He succeeded in accumulating a fortune in shares and salary, anything above that is gravy. However, we retail shareholders have funded that and the same math doesn't work for us. We actually paid for our shares and aren't being granted more and more by the company each year. Therefore we don't want share price to rest, we want it to grow. Ironically, if we could find a CEO to - in sweedee's words above - think outside the box, get to the source of the problems and solve those, the person who would benefit most from that would be MC himself. Whether he can develop into that CEO (you never know, stranger things have happened) or if it is somebody else. |
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