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Post by myocat on Apr 26, 2023 11:10:09 GMT -5
I voted "NO" to most of the proposals, except a yes to keep the accountant. I then dumped all of my fu&&cking holding and got the fu*)*ck out. After 8yrs.......
Good luck to you all.
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Post by rickf on Apr 26, 2023 16:22:52 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. Cretin is ABSOLUTELY correct!! I am out nearly 1/4M $ and Mike keeps getting rewarded with FREE shares! I want action! |
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Post by prcgorman2 on Apr 26, 2023 17:21:40 GMT -5
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. Cretin is ABSOLUTELY correct!! I am out nearly 1/4M $ and Mike keeps getting rewarded with FREE shares! I want action! I'm relieved this stock is still something to care about. I get being upset with management when they fail and decrease shareholder value, but that hasn't been the case here since Mike became CEO. His team increased the shareholder value, just apparently not by the amount and on the timeframe you and others find acceptable. That's fine. Each to their own. Sell or stay, whichever you like, but please don't blame your underwater investment on Mike, because he's not responsible for it being in that situation. He's responsible for significantly decreasing your unrealized losses. |
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Post by phdedieu12 on Apr 26, 2023 17:42:33 GMT -5
Cretin is ABSOLUTELY correct!! I am out nearly 1/4M $ and Mike keeps getting rewarded with FREE shares! I want action! I'm relieved this stock is still something to care about. I get being upset with management when they fail and decrease shareholder value, but that hasn't been the case here since Mike became CEO. His team increased the shareholder value, just apparently not by the amount and on the timeframe you and others find acceptable. That's fine. Each to their own. Sell or stay, whichever you like, but please don't blame your underwater investment on Mike, because he's not responsible for it being in that situation. He's responsible for significantly decreasing your unrealized losses. I second that! I am up, a LOT! |
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Post by porkini on Apr 26, 2023 18:04:15 GMT -5
Cretin is ABSOLUTELY correct!! I am out nearly 1/4M $ and Mike keeps getting rewarded with FREE shares! I want action! I'm relieved this stock is still something to care about. I get being upset with management when they fail and decrease shareholder value, but that hasn't been the case here since Mike became CEO. His team increased the shareholder value, just apparently not by the amount and on the timeframe you and others find acceptable. That's fine. Each to their own. Sell or stay, whichever you like, but please don't blame your underwater investment on Mike, because he's not responsible for it being in that situation. He's responsible for significantly decreasing your unrealized losses. I wouldn't assume all the complaint is from underwater (implies a loss) investors. I'm sure there's plenty of investors showing a positive gain who are unhappy with the meager gains compared to other investments. Makes a big difference when you got in and how long the investment has been held. |
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Post by rickf on Apr 26, 2023 18:56:25 GMT -5
Cretin is ABSOLUTELY correct!! I am out nearly 1/4M $ and Mike keeps getting rewarded with FREE shares! I want action! I'm relieved this stock is still something to care about. I get being upset with management when they fail and decrease shareholder value, but that hasn't been the case here since Mike became CEO. His team increased the shareholder value, just apparently not by the amount and on the timeframe you and others find acceptable. That's fine. Each to their own. Sell or stay, whichever you like, but please don't blame your underwater investment on Mike, because he's not responsible for it being in that situation. He's responsible for significantly decreasing your unrealized losses. Exactly - how long are you willing to give Mike to make this company what it should be? He has had long enough! We need someone that actually cares about shareholder value! Yes - you may very well be one of the folks that bought in at the lows of this company but the folks (like me) that believed in the company and Afrezza early on are bleeding badly! So -how long shall we give Mike?? A better mouse trap is awesome - IF it makes it out to the general public! There are many (I suspect millions) of folks that are suffering because this company cannot get this diabetes solution to be generally accepted as a soc!! My patience has run out So --- "relieved the stock is still something to care about" - the management should care MORE. Management has been given ample time to perform! |
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Post by sweedee79 on Apr 26, 2023 19:09:24 GMT -5
I've been here for quite a while and for most of it my cost average has been in the 2$ range.. My opinion has nothing to do with being under water.. IMO this has been quite a dead investment
as a growth stock compared to the rest of the market for the past decade.. I would have been wiser to have my money elsewhere.. and yes that's my own fault... Good grief!!!
When people lose money they are naturally disgruntled.. this stock has been enough to drive anyone crazy!!!
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Post by phdedieu12 on Apr 26, 2023 19:27:20 GMT -5
I'm relieved this stock is still something to care about. I get being upset with management when they fail and decrease shareholder value, but that hasn't been the case here since Mike became CEO. His team increased the shareholder value, just apparently not by the amount and on the timeframe you and others find acceptable. That's fine. Each to their own. Sell or stay, whichever you like, but please don't blame your underwater investment on Mike, because he's not responsible for it being in that situation. He's responsible for significantly decreasing your unrealized losses. Exactly - how long are you willing to give Mike to make this company what it should be? He has had long enough! We need someone that actually cares about shareholder value! Yes - you may very well be one of the folks that bought in at the lows of this company but the folks (like me) that believed in the company and Afrezza early on are bleeding badly! So -how long shall we give Mike?? A better mouse trap is awesome - IF it makes it out to the general public! There are many (I suspect millions) of folks that are suffering because this company cannot get this diabetes solution to be generally accepted as a soc!! My patience has run out So --- "relieved the stock is still something to care about" - the management should care MORE. Management has been given ample time to perform! Agreed! Enough is enough, time to move on... |
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Post by phdedieu12 on Apr 26, 2023 19:42:09 GMT -5
Jan 19: $1.18
Jan 20: $1.50
Jan 21: $3.13
Jan 22: $4.07
Jan 23: $4.96
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Post by sweedee79 on Apr 26, 2023 21:07:03 GMT -5
Here is where I should have put my money...
TSLA(for example)
6-7-2019 - 13.63
1-7-2022 - 342.32
25Xs
Yeah we have a run up occasionally.. but how long does it stay there? So after a decade I'm suppose to be happy with this?
Some people here are taking this very personal.. sorry but I don't think Mike has done anything that great.
Kathy Wood predicting 2k a share for TSLA in the long run.. I'm looking elsewhere ... Patients wearing thin and understandably so..
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Post by uvula on Apr 26, 2023 21:14:34 GMT -5
Jan 19: $1.18 Jan 20: $1.50 Jan 21: $3.13 Jan 22: $4.07 Jan 23: $4.96 You are doing the same thing mc did. By choosing the right starting point you can make the chart look good. But this is almost meaningless. |
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Post by mytakeonit on Apr 26, 2023 21:55:31 GMT -5
TSLA was recently almost $400/share ... so now they are only about 40% of that.
But every stock has its ups and downs. MNKD will have its time to shine very soon.
But, that's mytakeonit
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Post by sweedee79 on Apr 26, 2023 22:05:59 GMT -5
You could be right MTOI....and I hope that happens...
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Post by prcgorman2 on Apr 26, 2023 22:14:59 GMT -5
Facts are meaningless? Jan 2019 - $1s, not $2s. Jan 2023 $4s (mostly).
I may seem like I have unlimited patience for Mike, but I don’t. What I have is respect and gratitude and what I think is the appropriate patience.
Most of my investments are managed. The last year or so has been horrible. I don’t think picking unusually successful stocks as your lense is appropriate. Up to you of course, but I think you just set yourself up for your feelings of frustration.
I’ve been here 10 years too. Not on this board, but in this stock. If you could see the way I railed at Al, Hakan, and Matt (on Yahoo! Messages unofrutnately), you would know I am not afraid to hold management to task.
The Sanofi deal was brilliant, almost, except that it wasn’t because all it took for it to go in the toilet was a change of Sanofi CEO. Sanofi totally screwed Genzyme and MannKind and basically got away with it. That’s life and business. It left a pipeline company with no money and no clue how to market it’s only FDA-approved product. A product that we all know is best-in-class, but the prescribing and insurance industry is risk and change adverse without data. Data that should have come from Sanofi’s deep pockets.
Instead, a nearly bankrupt company hired a young executive with experience and success in re-launching drugs, where success was measured as less than 50%. I think Mike said 30% was a good result, but that was going on 6 years ago so not sure if I remember correctly, but the outlook was bleak.
Here we are going on 6 years later, on the brink of profitability and Afrezza at or near profitability too. Yes the script count growth is glacial. Agonizingly slow. Can that change? My opinion is unequivocally yes.
I like sayhey24’s ideas and passion but I don’t assume he knows the constraints for marketing under FDA regulations as well as Mike and MannKind. Sayhey24 is endlessly creative and I wish he could be at MannKind to share the innovation and passion but also to learn the limits and temper his frame of reference.
Stevil, Matt, Agedhippie, and others have convinced me, finally, after a long time, that the conventional approach of clinical data to change the label, prove SAFETY from reduced hypos, ultimately change the Standard of Care, can get us where we want to be, but that takes time and money. MannKind is carrying a significant debt load. It’s better than it was, but it’s still a lot, and refinancing now with rapidly incrasing interest rates is not attractive. People are upset and surprised by a request to authorize more shares? I’m not happy about it, but I’m not overly surprised either. I think it’s prudent. If the majority (institutional) shareholders vote for it, you should assume so too.
Mike’s said more than once the path they’re on is based on decisions made years ago. The results so far have been material and positive, if not lightning fast, but I’m also not forgetting a 2-year hiatus from COVID.
I’m comfortable with my choice of investment if not with the pace of results, but I don’t blame Mike and his team. Not yet anyway. Part of my outlook comes from a career in an industry where change was very slow because small changes affected many millions of people and the development and implementation work had to proceed carefully.
This feels like that so while I don’t enjoy it, I do recognize that turning a large ship with a small rudder isn’t easy and it isn’t fast. So far I am grateful that the Captain narrowly avoided the shoals, didn’t run aground, and has plotted a course we can reasonably hope will get our investment to a very good place, but the journey has been long and its not over yet, and the weather is stormy. Good luck to all longs.
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Post by sportsrancho on Apr 26, 2023 23:13:21 GMT -5
Jan 19: $1.18 Jan 20: $1.50 Jan 21: $3.13 Jan 22: $4.07 Jan 23: $4.96 You are doing the same thing mc did. By choosing the right starting point you can make the chart look good. But this is almost meaningless. Its like any stock, to make money you have to know where the top is. Where the bottom is ..and when to get out. Even the major companies stop growing as fast and eventually fall IMO. Or they get valued differently. I’m with Sweedee..more shares mean dilution. Some people in their minds mix up more shares with acquisition. Or no hostile takeover, my God how many times have we heard these excuses. |
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