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Post by hellodolly on Jan 9, 2023 15:36:31 GMT -5
Looking at the balance sheets, et. would you consider MNKD currently has a bloated capital structure as you see it today. I see the sale of the building and the lease-buy-back option as an add as well as expenses to expand the manufacturing facility. Outside that, I would think they have done a great job of containing costs. Thoughts?
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Post by prcgorman2 on Jan 10, 2023 13:02:19 GMT -5
Current management definitely conservative when it comes to preserving cash over all. My memory is large obligation to operate conservatively in debt covenant in the MidCap loan. i.e., large escrow ($90M?) unless Afrezza sales exceed a point they've not yet threatened.
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Post by sayhey24 on Jan 10, 2023 13:44:21 GMT -5
IDK - they spent $6M in 3 months on the "Seeing is Believing" campaign. I don't think anyone here saw anything about what they tried to do nor why it failed and I can't believe it cost $6M. They also spent $10M + $5m on V-Go. There is probably be another $5M this year supporting it.
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Post by prcgorman2 on Jan 10, 2023 14:54:14 GMT -5
Agree. A $6M pilot project (if that is what it was) is not cheap.
Searching for good marketing reminds me of "rock soup". This was a story of how a depression-era hobo would con housewives into donating ingredients for soup. The hobo starts with asking for water and the hobo adds their "soup rock", and then remarks how maybe some carrots could help the stock, then onions, maybe some celery, some salt and pepper, maybe some potatoes, tomatoes, and various beans. At first the hobo doesn't need anything but some fresh water because they already have a "soup rock" and by the time they're done, they can take the rock out, they have soup. General George S. Patton used to call his method of probing along enemy lines "rock soup" because he would test along many points and where reports showed weakness, he would add resources and what started as patrols on foot could rapidly evolve into mobile armor in a break out. Try many things and exploit what works and ignore what doesn't.
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