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Post by prcgorman2 on Apr 4, 2023 16:42:12 GMT -5
He said he was "representing" Chinese investors. He was weird. It was creepy.
If the love the 400 MILLION shares is getting on ProBoards is any indication, I'm frankly not surprised an in-person shareholder meeting wasn't planned.
Look at this way, the meeting will cost less.
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Post by lennymnkd on Apr 4, 2023 17:11:57 GMT -5
He said he was "representing" Chinese investors. He was weird. It was creepy. If the love the 400 MILLION shares is getting on ProBoards is any indication, I'm frankly not surprised an in-person shareholder meeting wasn't planned. Look at this way, the meeting will cost less. Less … acup of coffee…a dozen donuts.. a bunch of bagels .. Poland spring water they already have the hallway and lobby 😀 OH ! I FORGOT… pens and hats … still have mine |
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Post by runner on Apr 4, 2023 17:34:17 GMT -5
He said he was "representing" Chinese investors. He was weird. It was creepy. If the love the 400 MILLION shares is getting on ProBoards is any indication, I'm frankly not surprised an in-person shareholder meeting wasn't planned. Look at this way, the meeting will cost less. Less … acup of coffee…a dozen donuts.. a bunch of bagels .. Poland spring water they already have the hallway and lobby 😀 OH ! I FORGOT… pens and hats … still have mine I still have my pen and hat too. Most expensive bloody pen and hat I ever bought! |
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Post by hopingandwilling on Apr 4, 2023 17:36:02 GMT -5
Cretin, I’m going to tell you a top secret...but you can’t tell anyone. There is no unsolicited outstanding bid for buying out Mannkind. A very savvy group of investors looked at their financials and really liked what they saw...and they could take over 100% control by matching Mannkind’s current $4.00 a share=$1.1 BILLION and assuming the $320 million of their outstanding debt this staggering $1.5 billion purchase is going to be a gravy train.Then with full ownership based on the stellar revenue stream maxing out at $100M a year with current net income being running at a negative $60 million a year — now you known why this group sealed a secret deal last Saturday, and they will real it Santa Claus day. Please don’t share this secret!
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Post by Clement on Apr 4, 2023 17:54:43 GMT -5
$171M
That's the average estimate of 6 analysts for net revenue in 2023.
Definitely not maxed out at $100M.
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Post by mytakeonit on Apr 4, 2023 18:49:33 GMT -5
As you all know ... I am asian. In fact, I was that guy trying to buy a part of MNKD. But, they told me that I had to buy shares and not just a chunk of MNKD.
But, that's mytakeonit
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Post by sportsrancho on Apr 4, 2023 20:34:15 GMT -5
As you all know ... I am asian. In fact, I was that guy trying to buy a part of MNKD. But, they told me that I had to buy shares and not just a chunk of MNKD. But, that's mytakeonit Aw… so you’re the one that went upstairs and talked to Matt😉 …around a month after it happened somebody called me and gave me the name of the man. I know I’ve got that somewhere… |
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Post by longliner on Apr 4, 2023 23:38:22 GMT -5
As we close in on the next Mannkind quarterly earnings record, (please, if you can, dispute this, we'll (politely) check your call next month) it's understandable why (Long) MNKD investors are tired of the non-stop negative drum roll. ( crap). It's also understandable why the shorts, paid bashers, and folks currently out of Mannkind yet wanting to enter at a lower price, are becoming more aggressive and desperate. I guess we all know who we are.  |
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Post by awesomo on Apr 5, 2023 9:19:17 GMT -5
Those employees cost money, it's not like they just bought a bunch of robots. V-Go was acquired in Q2... V-Go's gross margin in 2022 was 43%, so on $12.9M revenue they are +$5.5M taking into account COGS. SG&A expenses increased in Q2 to Q4 2022 by $11M YoY. So there's already a discrepancy of -$5.5M, a far cry from "profitable" which would assume V-Go will attribute over $10M in PROFIT to the company by Q2 2023. Feel free to show the operating expenses you talked about that show V-Go has been such a success... All attributed to just V-Go or to MNKD as a whole? I haven't looked yet. SG&A expenses aren't broken up by product, so it is a portion of the increase. The point is, even if you disregard all other expenses, just the gross profit from V-Go sales won't cover the $10M in one year that mango and others claimed would happen and lead to "profitability within one year". Still waiting for his profit analysis by the way... |
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Post by peppy on Apr 5, 2023 9:21:05 GMT -5
None of us were thrilled with V-Go.
Although I like it better than the race car thingy.
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Post by awesomo on Apr 5, 2023 9:22:24 GMT -5
None of us were thrilled with V-Go. Although I like it better than the race car thingy. The usual crowd trumped it up as a great buy and would lead to quick profitability. Most of us saw it as a "meh". |
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Post by prcgorman2 on Apr 5, 2023 9:32:10 GMT -5
If V-Go manages profitability by the end of the year as MC indicated it might on the last earnings call, achieving that milestone in less than 2 years is good. I like that it is being tracked by the CFO and the Board as needing to stand on its own (within the "endocrine products" line). Not sure if the endocrine products (Afrezza, and V-Go) get their own category on the P&L statement or balance sheet, but that's basically the way it was described.
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Post by mango on Apr 5, 2023 9:41:08 GMT -5
All attributed to just V-Go or to MNKD as a whole? I haven't looked yet. SG&A expenses aren't broken up by product, so it is a portion of the increase. The point is, even if you disregard all other expenses, just the gross profit from V-Go sales won't cover the $10M in one year that mango and others claimed would happen and lead to "profitability within one year". Still waiting for his profit analysis by the way... I’m not certain that I ever said it *will* pay for itself within the first year, I believe I said it *may* or *could*. I may be wrong, however, and you’re welcome to find the post and paste it here for us to see. Anyways, I emailed MannKind asking for the operating/related costs pertaining to VGo for 2022 so we can determine exactly how much it brought in profit for 2022, which will give us a better idea as to what the total profit the 12 months ending post acquisition of VGo. |
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Post by hellodolly on Apr 5, 2023 10:43:10 GMT -5
You assume and make implications too much. I’ve very aware of the differences. Have a look at the operating expenses for VGo YE 2022 and report back. Keep in mind that we also acquired employees and additional product with the 10M purchase so VGo by itself was less than $10M. Those employees cost money, it's not like they just bought a bunch of robots. V-Go was acquired in Q2... V-Go's gross margin in 2022 was 43%, so on $12.9M revenue they are +$5.5M taking into account COGS. SG&A expenses increased in Q2 to Q4 2022 by $11M YoY. So there's already a discrepancy of -$5.5M, a far cry from "profitable" which would assume V-Go will attribute over $10M in PROFIT to the company by Q2 2023. Feel free to show the operating expenses you talked about that show V-Go has been such a success... The "already a discrepancy" statement is what I was after. Your other reply to my question was that is it's only a portion of the amount, thus not really a -$5.5M discrepancy rather more like a ~$5.5M discrepancy. Just trying to get a picture of the V-Go acquisition and any quantitative benefit rather just the qualitative that Mike has outlined, "tool box", etc. |
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Post by porkini on Apr 5, 2023 10:47:47 GMT -5
SG&A expenses aren't broken up by product, so it is a portion of the increase. The point is, even if you disregard all other expenses, just the gross profit from V-Go sales won't cover the $10M in one year that mango and others claimed would happen and lead to "profitability within one year". Still waiting for his profit analysis by the way... I’m not certain that I ever said it *will* pay for itself within the first year, I believe I said it *may* or *could*. I may be wrong, however, and you’re welcome to find the post and paste it here for us to see. Anyways, I emailed MannKind asking for the operating/related costs pertaining to VGo for 2022 so we can determine exactly how much it brought in profit for 2022, which will give us a better idea as to what the total profit the 12 months ending post acquisition of VGo. There is also 42 weeks of script/Symphony data here ( mnkd.proboards.com/post/250109/thread) if you don't want to recreate it yourself. |
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