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Post by prcgorman2 on Nov 28, 2022 11:17:35 GMT -5
Interesting that you use words like grief and bemoan when referencing the reverse split. Nothing in my post invoked those feelings, I only stated a simple mathematical truth. You and I agree that the RS did damage to our investment. Personally I thought it was a necessary move at the time, and still feel that way. We needed to avoid delisting, simple as that. So there’s no grief or bemoaning the RS (from me at least). Some folks get upset when it even gets mentioned, which is interesting as it’s just a historical fact and a valid reference point. You said, "I just hope that in fact happens, rather than us settling here in the 4s (i.e. still sub $1 pre RS)".
Inferring the current stock price is still not worth much because of the reverse split several years ago is what I meant by grief and bemoaning.
You could have as easily compared the current stock price to the relatively high stock prices 10 years ago prior to Afrezza approval (and you have on occasion). Both of those choices show real difficulty letting go of the negative emotions associated with periods of significant decline in shareholder value. It is understandable but given the amount of time since those events, it is probably not healthy.
The current situation is income from Afrezza, Tyvaso DPI, and V-Go are all contributing to a positive outlook for the MNKD share price. Just look at how much the stock price improved within the last two months. You could be enjoying a 50% return on shares purchased during the recent declline in share price. (I know, now I'm bringing up another reason to be disappointed, not having added during the last dip.)
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Post by caesar on Nov 28, 2022 11:41:21 GMT -5
Everyone who invested in Mannkind almost a decade ago has a story to tell. Some were blindsided and never had the opportunity to double/triple down. Some made a fortune (killing) by lending their shares out. Others made bank by selling covered calls. Unfortunately, the ride was very bumpy and stressful. Hopefully going forward, all of the investors will be made whole and profit as MannKind's revenue grows and the pipeline makes significant inroads.
Not all investors are knowledgeable enough to go head-to-head with the cabal (WS, hedge funds, competitors). Who would have thought Liquidia Corp, and its posse could muck up the works for not only United but Mannkind as well.
Time is on our side - waiting for the PPS to break $5 and never look back!!!!
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Post by cretin11 on Nov 28, 2022 11:46:31 GMT -5
Interesting that you use words like grief and bemoan when referencing the reverse split. Nothing in my post invoked those feelings, I only stated a simple mathematical truth. You and I agree that the RS did damage to our investment. Personally I thought it was a necessary move at the time, and still feel that way. We needed to avoid delisting, simple as that. So there’s no grief or bemoaning the RS (from me at least). Some folks get upset when it even gets mentioned, which is interesting as it’s just a historical fact and a valid reference point. You said, "I just hope that in fact happens, rather than us settling here in the 4s (i.e. still sub $1 pre RS)".
Inferring the current stock price is still not worth much because of the reverse split several years ago is what I meant by grief and bemoaning.
You could have as easily compared the current stock price to the relatively high stock prices 10 years ago prior to Afrezza approval (and you have on occasion). Both of those choices show real difficulty letting go of the negative emotions associated with periods of significant decline in shareholder value. It is understandable but given the amount of time since those events, it is probably not healthy.
The current situation is income from Afrezza, Tyvaso DPI, and V-Go are all contributing to a positive outlook for the MNKD share price. Just look at how much the stock price improved within the last two months. You could be enjoying a 50% return on shares purchased during the recent declline in share price. (I know, now I'm bringing up another reason to be disappointed, not having added during the last dip.)
I appreciate a good semantics debate as much as anyone. With all due respect, you make quite a leap from a factual statement that our current share price is sub $1 pre-RS, to somehow interpreting "grief and bemoaning." So dramatic! It's really more cut and dried. No, it's neither grief nor bemoaning here, so perhaps you are projecting that. Sports explained it well. The reverse split was a negative event, it was unfortunate we were in that position but it had to be done. I was in favor of it at the time, and still feel that way. We did the RS to avoid delisting, some were against it (but most were in favor) and some even favored a 1 to 10 RS. What's interesting is that all these years later, we still are below that $1 line. To me that only validates that the RS had to be done. So I encourage you to not shy away from the reverse split, there doesn't need to be so much emotion and drama to the topic. It is what it is, a valid reference point, a marker of sorts. Hopefully one day it can be a mere historical footnote without relevance, but while we remain in that same share price range it will still be in the minds of many old school MNKD longs. |
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Post by mango on Nov 28, 2022 12:04:27 GMT -5
You said, "I just hope that in fact happens, rather than us settling here in the 4s (i.e. still sub $1 pre RS)".
Inferring the current stock price is still not worth much because of the reverse split several years ago is what I meant by grief and bemoaning.
You could have as easily compared the current stock price to the relatively high stock prices 10 years ago prior to Afrezza approval (and you have on occasion). Both of those choices show real difficulty letting go of the negative emotions associated with periods of significant decline in shareholder value. It is understandable but given the amount of time since those events, it is probably not healthy.
The current situation is income from Afrezza, Tyvaso DPI, and V-Go are all contributing to a positive outlook for the MNKD share price. Just look at how much the stock price improved within the last two months. You could be enjoying a 50% return on shares purchased during the recent declline in share price. (I know, now I'm bringing up another reason to be disappointed, not having added during the last dip.)
I appreciate a good semantics debate as much as anyone. With all due respect, you make quite a leap from a factual statement that our current share price is sub $1 pre-RS, to somehow interpreting "grief and bemoaning." So dramatic! It's really more cut and dried. No, it's neither grief nor bemoaning here, so perhaps you are projecting that. Sports explained it well. The reverse split was a negative event, it was unfortunate we were in that position but it had to be done. I was in favor of it at the time, and still feel that way. We did the RS to avoid delisting, some were against it (but most were in favor) and some even favored a 1 to 10 RS. What's interesting is that all these years later, we still are below that $1 line. To me that only validates that the RS had to be done. So I encourage you to not shy away from the reverse split, there doesn't need to be so much emotion and drama to the topic. It is what it is, a valid reference point, a marker of sorts. Hopefully one day it can be a mere historical footnote without relevance, but while we remain in that same share price range it will still be in the minds of many old school MNKD longs. What we are seeing here with the MannKind reverse stock split is being a positive long term event, despite the initial negativity perceived by the event itself as it unfolded (and largely due to reports within the financial world displaying a reverse spilt as an negative event which instilled that belief in retail investors—all due to a lack of data at the time). Reverse splits have doubled among firms since 1992, this is interesting because it was viewed as a negative event yet more and more firms were encouraged to perform them, based on various variables and factors. With more data we began to see that a reverse split is not indicative of a negative event, as illustrated in the research by Barry Marchman and we see this today with MannKind also (despite MannKind possessing none of the core financial attributes described and argued by Barry as being key to long term success—a true anomaly!…or perhaps something more fundamental as we are beginning to see?  ) |
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Post by sportsrancho on Nov 28, 2022 13:22:03 GMT -5
Well, what ever peoples personal experiences related to splits in the stocks they have been in help to form their opinions shouldn’t be taken as a personal attack against MNKD stock.
The reason being… we will never have to go through one again, so who cares😎
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Post by awesomo on Nov 28, 2022 13:30:39 GMT -5
No company does a reverse split in a position of strength, period, end of story and discussion.
Of course it is perceived negatively, because it is absolutely an indicator that the company is struggling to stay afloat. Whether the company can survive long term it is a different issue and specific to each company.
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Post by hopingandwilling on Nov 28, 2022 15:26:42 GMT -5
I learned the hard way not to post anything negative about MannKind--as it might end up being a debate about 'grief and bemoaning'. I do find the current tit-for-tat a little amusing considering it started with someone mentioning that the current price of the stock is below the price when the R/Split occurred in 2017. Having little to do today other than walking the dog, I opted to go back to the SEC filing announcing the R/S and the special board meeting to act on the decision. If one want to see a document with real "grief and bemoaning', read this 2017 filing. MannKind clearly stated that they had no other option to keep their shares in the NASDAQ trading platform and by not doing the stock would be trading on the pink sheets--the last place you want your stock to trade.
I'm going to act as Judge Judy and rule on this case--the initial poster clearly and with no ambiguity stated the stock is trading below the initial R/S share price in 2017.
Currently MannKind has had a nice upward movement in the share price--for those holding the stock --congratulations -- enjoy the bounce and instead of debating facts, let's hope that MannKind has found solutions for making needed changes to the marketing and clinical data.
Let's not bemoan--put on some Jamaican music and BE HAPPY!
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Post by akemp3000 on Nov 28, 2022 15:44:35 GMT -5
CBS reported over the weekend that their investigation just confirmed that Lincoln has in fact been shot. Now, as hopingandwilling suggests, move forward and BE HAPPY!
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Post by cretin11 on Nov 28, 2022 16:17:09 GMT -5
I learned the hard way not to post anything negative about MannKind--as it might end up being a debate about 'grief and bemoaning'. I do find the current tit-for-tat a little amusing considering it started with someone mentioning that the current price of the stock is below the price when the R/Split occurred in 2017. Having little to do today other than walking the dog, I opted to go back to the SEC filing announcing the R/S and the special board meeting to act on the decision. If one want to see a document with real "grief and bemoaning', read this 2017 filing. MannKind clearly stated that they had no other option to keep their shares in the NASDAQ trading platform and by not doing the stock would be trading on the pink sheets--the last place you want your stock to trade. I'm going to act as Judge Judy and rule on this case--the initial poster clearly and with no ambiguity stated the stock is trading below the initial R/S share price in 2017. Currently MannKind has had a nice upward movement in the share price--for those holding the stock --congratulations -- enjoy the bounce and instead of debating facts, let's hope that MannKind has found solutions for making needed changes to the marketing and clinical data. Let's not bemoan--put on some Jamaican music and BE HAPPY! Thank you, Your Honor! A fair ruling. 🥃 |
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Post by hopingandwilling on Nov 28, 2022 17:58:15 GMT -5
To Cretin--My client, I charge $500.00 an hour for my mediation service--your case was very difficult, and I had to spend five (5) hours searching for words like ambiguity and what bemoan means. I need your home address--and thanks for your business! I've been "hoping" to find clients like you--  |
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Post by cretin11 on Nov 29, 2022 8:31:09 GMT -5
Counselor, that seems like a reasonable hourly rate. I approve the bill, please send your invoice to my colleagues prcgorman, mango and pat as they were the primary beneficiaries of your excellent services.
This board has it all, even mediation services to help us get along 😄
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Post by peppy on Nov 29, 2022 9:30:43 GMT -5
Counselor, that seems like a reasonable hourly rate. I approve the bill, please send your invoice to my colleagues prcgorman, mango and pat as they were the primary beneficiaries of your excellent services. This board has it all, even mediation services to help us get along 😄 louse noun. plural lice any of various small wingless usually flattened insects (orders Anoplura and Mallophaga) parasitic on warm-blooded animals a small usually sluggish arthropod (such as a biting louse) that lives on other animals or on plants and sucks their blood or juices You can treat lice at home. Lice treatments (called pediculicides) are available over the counter or with a prescription. They include shampoos, lotions, and cream rinses. |
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Post by cretin11 on Nov 29, 2022 10:10:15 GMT -5
hopingandwilling, I think your mediation services are needed again…
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Post by prcgorman2 on Nov 29, 2022 10:25:08 GMT -5
I think Peppy is saying there have been too many "lousy" posts of late. Seems too early to lock a thread on such an interesting topic. The share price is climbing on a zephyr of volume. This and the latest flat SIR makes me wonder if maybe the speculation there are hedge funds meandering over to a longer position might be correct. I assume some portion of the convertible debt might evaporate as a consequence. Thoughts?
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Post by cretin11 on Nov 29, 2022 11:17:32 GMT -5
I think peppy was actually referring to my hair. But you could be right about that, and hopefully also about the hedge fund speculation.
And zephyr: good word!
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