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Post by markado on May 9, 2023 21:13:53 GMT -5
The CC was satisfying, but I think management/leadership need to focus on delivering the many projects in hand, and turning them all into revenue generators. They don't need extra shares right now to do that. There's still over 100M shares available in the existing authorization. If they're afraid of losing their jobs or control due to a hostile takeover, then it's their own fault for not being open to more fully leveraging the technosphere platform faster, across more solutions, and sitting on value. I know my 55K shares will not likely make the difference, but it's my choice and statement to ask them to do more to deserve more (trust and incentives).
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Post by mymann on May 10, 2023 7:02:25 GMT -5
Increasing the shares announcement is killing the stock price. Economic downturn with stock increase.
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Post by peppy on May 10, 2023 7:06:44 GMT -5
Vote No all you want. Most of stock issues are held by institutions.
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Post by akemp3000 on May 10, 2023 7:21:50 GMT -5
Was glad to hear in the call there's no need for a cash raise which would result in dilution we've seen in the past. So the question remains why request additional shares to basically be shelved in a closet for the time being. Is it to discourage a hostile takeover if needed? to use for a potential forthcoming M&A we know nothing about? to have as simply smart management if ever needed? Only management knows the answer. The one thing we do know is that there has been an impressive turn around for a company that was in very poor shape not long ago and is now on a clear path to success and profitability. IMO, since we have nothing else to go on, seems like supporting management might be a good call.
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Post by stockwhisperer on May 10, 2023 7:51:26 GMT -5
I can not believe in light of how well MNKD is doing, this is the focus.
I am going to share my communication with Mike via email on March 30, 2023…
“Mike, So, as you can probably well imagine, the pot is already stirring on on line stock forums over the request regarding shares. The concern is dilution to existing shareholders upon eventual issuance of the additional shares requested.
1. To approve an amendment to MannKind’s Amended and Restated Certificate of Incorporation to increase the authorized number of shares of common stock from 400,000,000 shares to 800,000,000 shares (the “Authorized Shares Increase Proposal”);
Can you please elaborate as to the reason for the request of an increase in the number of authorized shares… why they are needed, when they might be issued and how they might be used?”
MC responded the next day…
“ this is just normal housekeeping I wouldn’t read much more. We went to 400M and didn’t do anything crazy in the last 3 years. We have to think longer term than any given year and the board would have to approve any use of these shares. Negative people will always want to scare retail investors as the boards are filled with people who just short stocks and make money on fear. If people stopped paying attention they would have no audience to generate volume. Why else would the same people post negative comments and bash me and mnkd for 6 years. They have only one goal.”
I agree with him and even prior to yesterdays outstanding conference call, I support the request and will vote “yes”. So many great things to focus on - doing just that. GL
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Post by akemp3000 on May 10, 2023 7:59:37 GMT -5
Stockwhisperer - Wish I could give five thumbs up for sharing this. I'd not heard MC's explanation but it's exactly what I hoped and frankly expected. I've already voted yes.
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Post by cjm18 on May 10, 2023 8:24:54 GMT -5
There’s plenty of shares already authorized to do dilution. If you think this is about dilution and don’t trust management then you should sell your shares.
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Post by bthomas55ep on May 10, 2023 8:37:55 GMT -5
I can not believe in light of how well MNKD is doing, this is the focus. I am going to share my communication with Mike via email on March 30, 2023… “Mike, So, as you can probably well imagine, the pot is already stirring on on line stock forums over the request regarding shares. The concern is dilution to existing shareholders upon eventual issuance of the additional shares requested. 1. To approve an amendment to MannKind’s Amended and Restated Certificate of Incorporation to increase the authorized number of shares of common stock from 400,000,000 shares to 800,000,000 shares (the “Authorized Shares Increase Proposal”); Can you please elaborate as to the reason for the request of an increase in the number of authorized shares… why they are needed, when they might be issued and how they might be used?” MC responded the next day… “ this is just normal housekeeping I wouldn’t read much more. We went to 400M and didn’t do anything crazy in the last 3 years. We have to think longer term than any given year and the board would have to approve any use of these shares. Negative people will always want to scare retail investors as the boards are filled with people who just short stocks and make money on fear. If people stopped paying attention they would have no audience to generate volume. Why else would the same people post negative comments and bash me and mnkd for 6 years. They have only one goal.” I agree with him and even prior to yesterdays outstanding conference call, I support the request and will vote “yes”. So many great things to focus on - doing just that. GL Yes, thanks for sharing! Ultimately, the time to ask for something is when you don't need it. There is a pretty good ladder of debt out on the horizon. If the revenue can continue to grow at a reasonable pace, lots of the current debt equation can be solved approximately. That said, if you need more capital for "some reason", it is always great to have the alternative to issue shares without being the slave to more debt and your creditors. |
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Post by porkini on May 10, 2023 8:40:51 GMT -5
There’s plenty of shares already authorized to do dilution. If you think this is about dilution and don’t trust management then you should sell your shares. I have to respectfully disagree with that line of thought. The OP on this thread stated their thoughtful opinion and why they would vote their shares in a particular way. For you or anyone else here to attempt to suppress the vote is disgraceful IMHO. |
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Post by hellodolly on May 10, 2023 8:47:00 GMT -5
I can not believe in light of how well MNKD is doing, this is the focus. I am going to share my communication with Mike via email on March 30, 2023… “Mike, So, as you can probably well imagine, the pot is already stirring on on line stock forums over the request regarding shares. The concern is dilution to existing shareholders upon eventual issuance of the additional shares requested. 1. To approve an amendment to MannKind’s Amended and Restated Certificate of Incorporation to increase the authorized number of shares of common stock from 400,000,000 shares to 800,000,000 shares (the “Authorized Shares Increase Proposal”); Can you please elaborate as to the reason for the request of an increase in the number of authorized shares… why they are needed, when they might be issued and how they might be used?” MC responded the next day… “ this is just normal housekeeping I wouldn’t read much more. We went to 400M and didn’t do anything crazy in the last 3 years. We have to think longer term than any given year and the board would have to approve any use of these shares. Negative people will always want to scare retail investors as the boards are filled with people who just short stocks and make money on fear. If people stopped paying attention they would have no audience to generate volume. Why else would the same people post negative comments and bash me and mnkd for 6 years. They have only one goal.” I agree with him and even prior to yesterdays outstanding conference call, I support the request and will vote “yes”. So many great things to focus on - doing just that. GL MNKD (L) I love when a plan comes together. This is EXACTLY what I have been saying but the boo-birds (I don't care their motivation), have half empty outlooks. I honestly can never understand why they have an investment, or are willing to sit on dead money when you can sell and buy back at their crystal ball low price predications. Hey, if there is any real truth to their FUD, why aren't they the first ones to sell? Instead, they remain. I'd have much more respect if they actually began their post with MNKD (S) or MNKD (L) for transparency. |
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Post by cjm18 on May 10, 2023 9:20:07 GMT -5
There’s plenty of shares already authorized to do dilution. If you think this is about dilution and don’t trust management then you should sell your shares. I have to respectfully disagree with that line of thought. The OP on this thread stated their thoughtful opinion and why they would vote their shares in a particular way. For you or anyone else here to attempt to suppress the vote is disgraceful IMHO. How do you know who I was replying to? And how did you know I’m trying to suppress the vote? Lol. |
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Post by phdedieu12 on May 10, 2023 9:20:23 GMT -5
There’s plenty of shares already authorized to do dilution. If you think this is about dilution and don’t trust management then you should sell your shares. I have to respectfully disagree with that line of thought. The OP on this thread stated their thoughtful opinion and why they would vote their shares in a particular way. For you or anyone else here to attempt to suppress the vote is disgraceful IMHO. What is there is to disagree about? Why would anyone invest in a company/business/product if they believe that management doesn't have their interest at heart and does everything to provide shareholder return. It is to me illogical at best, completely stupid at worst to hold stock in a company who's management you believe in doing everything wrong, or with nefarious intents. But that's MTOI  |
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Post by alethea on May 10, 2023 9:20:30 GMT -5
Stockwhisperer - Wish I could give five thumbs up for sharing this. I'd not heard MC's explanation but it's exactly what I hoped and frankly expected. I've already voted yes. Me too! Most are pretty happy with Mike today. I know I am. |
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Post by caesar on May 10, 2023 9:23:47 GMT -5
Stockwhisperer - Wish I could give five thumbs up for sharing this. I'd not heard MC's explanation but it's exactly what I hoped and frankly expected. I've already voted yes. Me too! Most are pretty happy with Mike today. I know I am. I also voted yes. The way the pipeline and earnings are setting up, why muck up the works. |
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Post by phdedieu12 on May 10, 2023 9:30:12 GMT -5
Me too! Most are pretty happy with Mike today. I know I am. I also voted yes. The way the pipeline and earnings are setting up, why muck up the works. I too voted yes |
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