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Post by harryx1 on Jan 20, 2023 12:01:15 GMT -5
Worth a watch as the story continues...
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Post by harryx1 on Jan 20, 2023 13:32:47 GMT -5
Look at $GNS right now, 5M float and 221M traded so far today. How is that? I wouldn't be surprised if they are still selling naked shares into the market, that's how brazen they are. |
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Post by longliner on Jan 20, 2023 13:53:36 GMT -5
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Post by mango on Jan 20, 2023 15:17:25 GMT -5
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Post by cretin11 on Jan 20, 2023 15:50:30 GMT -5
Seems like a no brainer for Mike to strike now as you suggest. That is, if naked short selling is in fact a significant issue for MNKD. I'll gladly admit to having the incorrect take on this if he does indeed pursue it successfully. MNKD stock skyrocketing would be beautiful. If he doesn't pursue it, I wonder whether others will admit to being wrong, or will they criticize Mike for not acting. Curious to see how it plays out! |
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Post by hellodolly on Jan 20, 2023 15:56:33 GMT -5
Seems like a no brainer for Mike to strike now as you suggest. That is, if naked short selling is in fact a significant issue for MNKD. I'll gladly admit to having the incorrect take on this if he does indeed pursue it successfully. MNKD stock skyrocketing would be beautiful. If he doesn't pursue it, I wonder whether others will admit to being wrong, or will they criticize Mike for not acting. Curious to see how it plays out! Or, maybe they're right and Mike doesn't care? |
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Post by caesar on Jan 20, 2023 15:57:46 GMT -5
Seems like a no brainer for Mike to strike now as you suggest. That is, if naked short selling is in fact a significant issue for MNKD. I'll gladly admit to having the incorrect take on this if he does indeed pursue it successfully. MNKD stock skyrocketing would be beautiful. If he doesn't pursue it, I wonder whether others will admit to being wrong, or will they criticize Mike for not acting. Curious to see how it plays out! The time has passed - it's no longer 2015/2016. 'Cretin11' why don't you do us all a favor and stop 'GASLIGHTING'. So far you have not added any value to understanding Mannkind, its initiatives, or the obstacles its management has faced. |
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Post by cretin11 on Jan 20, 2023 16:22:00 GMT -5
Seems like a no brainer for Mike to strike now as you suggest. That is, if naked short selling is in fact a significant issue for MNKD. I'll gladly admit to having the incorrect take on this if he does indeed pursue it successfully. MNKD stock skyrocketing would be beautiful. If he doesn't pursue it, I wonder whether others will admit to being wrong, or will they criticize Mike for not acting. Curious to see how it plays out! The time has passed - it's no longer 2015/2016. 'Cretin11' why don't you do us all a favor and stop 'GASLIGHTING'. So far you have not added any value to understanding Mannkind, its initiatives, or the obstacles its management has faced. Very good point, it is no longer 2015/16, exactly what some of us have been saying. Seems like you agree with me (but i won't accuse you of gaslighting for that). |
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Post by cretin11 on Jan 20, 2023 16:28:16 GMT -5
Seems like a no brainer for Mike to strike now as you suggest. That is, if naked short selling is in fact a significant issue for MNKD. I'll gladly admit to having the incorrect take on this if he does indeed pursue it successfully. MNKD stock skyrocketing would be beautiful. If he doesn't pursue it, I wonder whether others will admit to being wrong, or will they criticize Mike for not acting. Curious to see how it plays out! Or, maybe they're right and Mike doesn't care? If they're right and Mike doesn't care, then Mike isn't doing his job, correct? For the record, even I believe Mike would do something if there were a current problem to address. Furthermore, I truly wish it were as simple as naked shorts holding us down and that our share price would skyrocket upon confronting it. Funny to me that some folks get so bent out of shape over differing opinions, especially when we all have the same end goal in mind. But hey that's the nature of a message board! |
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Post by hellodolly on Jan 21, 2023 8:51:28 GMT -5
Or, maybe they're right and Mike doesn't care? For the record, even I believe Mike would do something if there were a current problem to address. Furthermore, I truly wish it were as simple as naked shorts holding us down and that our share price would skyrocket upon confronting it. Funny to me that some folks get so bent out of shape over differing opinions, especially when we all have the same end goal in mind. But hey that's the nature of a message board! Hi Cretin. I agree, some people do get bent out of shape over differing opinions, even if it's the same end goal and I can be just as guilty though I've learned to realize it's all part of the larger landscape that we have no control of as a retail investor. It would be a waste of my time to fight it so, I take the approach of holding a sizable core position that is well into the money (green) and took up T/A as a hobby. Once I learned more about T/A, I learned how to take that "landscape" and make it work to my financial gain putting green in my pocket during those accumulation/distribution cycles, simply following money flows, a few oscillators, momentum, and other variables that effect T/A such as news cycles, fundamentals, etc.. It's not for everyone of course for a variety of reasons such as time spent following the market, taxable v non-taxable accounts, etc. but it sure does put the odds more in to my favor and thus, why I shy away from it all. I also understand the frustration with the lack of any enforcement or oversight and feel it's the SECs or some legislative intervention that can affect change. That's just the nature of investing and differing opinions, levels of maturity (mostly age), allowing emotions to interfere with money (both sellers and buyers), the times we live in today and more. With that said, there is some excellent debating on what Mike should do with his business model, the future of TI, Afrezza, V-GO, the role of UTHR. etc. After I made my comment about Mike, to which you replied, I began to think about what his focus as a CEO should be and whether the time spent fighting the landscape (which he largely has no control over) or should he focus on those things he can control at MNKD. The decisions he can make reminded me of a recent interview this week at Davos with Alex Karp. He is frequently asked about the fall of PLTR share price since its IPO. To paraphrase what he said in both interviews, one by Andrew Ross Sorkin on CNBC and the other in a full length 60 minute interview I saw on YouTube as part of the Davos stage set, "I didn't think we were that good at $45B and I don't think we are that bad at $14B." Brilliant reply considering how he is not favored by WS because they don't understand PLTR. He doesn't have time to focus on the share price...he knows the value of his product, his customers know the value of his product and his employees definitely know the value of what they offer. Mike is cut from the same ideology I sense. So...my long winded answer to your comment " If they're right and Mike doesn't care, then Mike isn't doing his job, correct?" would imply that I agree with "them" that they're right. I didn't say they were right, but I sense you were using sarcasm to make your point. Mike is doing his job, he's just decided that his focus is not on the share price because he too "... knows the value of his product, his customers know the value of his product and his employees definitely know the value of what they offer." |
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Post by cretin11 on Jan 21, 2023 10:06:12 GMT -5
Thank you for that excellent post, dolly. Your perspective seems totally legit to me. Including the part about Mike focusing on the role you describe, rather than market machinations (even if those include shenanigans).
Believe it or not, I wasn’t being sarcastic by posting that Mike wouldn’t be doing his job by not pursuing the naked short thing if it were a significant problem for MNKD. I really mean that, but I respect your reason for not agreeing and appreciate you backing that up. I agree with our sensitive colleagues here who implore Mike to address the naked short scourge, that is I would agree with them if naked shorting was holding us down. In other words, to me that would be worthy of Mike’s attention, maybe not him personally but he should at least delegate that to the appropriate person. After all, it’s his job to deliver shareholder value, and that would certainly qualify.
In any event, reasonable minds can (and should) differ, thanks again for your well stated post. Some might want this board to become an echo chamber where we all simply reinforce one point of view. But I happen to know that many posters/lurkers appreciate healthy debate as it makes our board stronger. We all got into this investment believing Afrezza would take the diabetes world by storm, ever since then we’ve been debating the reasons it hasn’t, that seems like a natural evolution and at least we aren’t just accepting defeat, we still believe in the TS platform.
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Post by letitride on Jan 21, 2023 12:04:13 GMT -5
When they start penalizing the perpetrators of naked shorting with prison instead of fines this %#*@ would end quick.
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Post by mango on Jan 21, 2023 12:32:02 GMT -5
When they start penalizing the perpetrators of naked shorting with prison instead of fines this %#*@ would end quick. Doubtful. Prison time will make it more risky, but until there is proper oversight of trading little will change. Look at Martin Squirelli, he already violated his lifetime ban just less than a year out of the pen. Every single trade and transaction can be monitored and tracked today but we’re not doing it. There’s too many loopholes in the system for the Big Guys to get away with naked shorting (which is illegal). We have the technological capabilities to prevent this from happening yet we don’t implement it. Too many hands in the pie. My guess is people in high positions of power benefit too much from allowing it to do anything about it on their own. We need more billionaires and influential people speaking out about it. |
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Post by longliner on Jan 21, 2023 13:02:19 GMT -5
I remember in the aftermath of the GME excitement listening to roundtable discussions of the Fed., SEC, etc.. The takeaway I got is they are tasked with keeping the financial SYSTEM working. I was amazed at how little of the the discussion addressed why they found themselves in that situation. Which is illegal shorting. I wonder if the beast got to big? Can the financial system survive a forced purchase of all the illegal short shares? From those talks my impression was the only way this will come to a head is through a grassroots investor / company line in the sand, that forces share accountability, which in turn, forces our Senators to act.
The individual investor is the victim, if the victim doesn't speak out, nothing changes.
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Post by harryx1 on Jan 21, 2023 13:44:28 GMT -5
I remember in the aftermath of the GME excitement listening to roundtable discussions of the Fed., SEC, etc.. The takeaway I got is they are tasked with keeping the financial SYSTEM working. I am amazed at how little of the the discussion addressed why they found themselves in that position. Which is illegal shorting. I wonder if the beast got to big? Can the financial system sustain a forced purchase of all the illegal short shares? From those talks my impression was the only way this will come to a head is through a grassroots investor / company line in the sand, that forces share accountability, which in turn, forces our Senators to act. The individual investor is the victim, if the victim doesn't speak out, nothing changes. That seems to be happening now... |
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