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Post by anderson on May 10, 2023 9:33:06 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 The big problem is that can you trust Mike. In 2019 sometime before Christmas he said a similar statement about no need for dilution, then the day before Christmas investors.mannkindcorp.com/node/16661/html So literally it was a few days between when he said no dilution and then the dilution. Even worse the dilution was used for an add campaign that went no where. It left an impression that even after several years it has stuck with me about how quickly they can sell shares for a not so good idea. If they have more shares will they be as attentive as when they have fewer shares? I have to say since the Christmas Massacre they have been a lot better, but it left a mark. |
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Post by markado on May 10, 2023 9:33:59 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 Sorry, if I wouldn't be and am not fully satisfied with a "trust me/us, because we haven't fully screwed you yet," answer, combined with a deflection to shorts, which the mgmt and board have enabled. I am a MNKD long, a believer in the mission and technology. That doesn't mean I have to be in love with every move management/leadership makes or have to accept what I see as strategic missteps - potentially to the detriment of shareholders in the foreseeable future. No I am not selling, but I am retaining a heightened degree of vigilance and skepticism with respect to MY investment. |
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Post by phdedieu12 on May 10, 2023 10:00:34 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 Sorry, if I wouldn't be and am not fully satisfied with a "trust me/us, because we haven't fully screwed you yet," answer, combined with a deflection to shorts, which the mgmt and board have enabled. I am a MNKD long, a believer in the mission and technology. That doesn't mean I have to be in love with every move management/leadership makes or have to accept what I see as strategic missteps - potentially to the detriment of shareholders in the foreseeable future. No I am not selling, but I am retaining a heightened degree of vigilance and skepticism with respect to MY investment. Voting no, for any reason, is preventing the company to getting the tools it believes are required or important to have, in order to run the business as well as it can. Not that your no vote will have any impact whatsoever as many have said. |
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Post by porkini on May 10, 2023 10:19:23 GMT -5
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. Perhaps you don't know who you are replying to as you didn't use the quote button when you posted. |
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Post by markado on May 10, 2023 10:29:38 GMT -5
Sorry, if I wouldn't be and am not fully satisfied with a "trust me/us, because we haven't fully screwed you yet," answer, combined with a deflection to shorts, which the mgmt and board have enabled. I am a MNKD long, a believer in the mission and technology. That doesn't mean I have to be in love with every move management/leadership makes or have to accept what I see as strategic missteps - potentially to the detriment of shareholders in the foreseeable future. No I am not selling, but I am retaining a heightened degree of vigilance and skepticism with respect to MY investment. Voting no, for any reason, is preventing the company to getting the tools it believes are required or important to have, in order to run the business as well as it can. Not that your no vote will have any impact whatsoever as many have said. As a matter of investing and democratic principle, it doesn't need to matter or have any impact to anyone but me, whether it changes the end result or not. |
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Post by cjm18 on May 10, 2023 10:52:13 GMT -5
How do you know who I was replying to? And how did you know I’m trying to suppress the vote? Lol. Perhaps you don't know who you are replying to as you didn't use the quote button when you posted. 🤡 The record date was in the past. You can vote either way. My suppression plan didn’t go as planned. Maybe next time. |
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Post by prcgorman2 on May 10, 2023 11:12:22 GMT -5
I voted yes, but I was uneasy about it. Dilution should be close to a zero sum gain action (assuming stock sold at market price, which is rarely the case), meaning dilution shouldn’t negatively affect stock price, but the reality is, it does. Investors are not happy about dilution. And while it’s not a near-term consideration, and stock buyback is possible, dividends pay less per share when there are more shares to spread the dividends over. I assume most investors know all this, so I’m not at all surprised by the negative reactions on this board. Regardless, I can’t argue with the logic that having some powder in the magazine without requesting an emergency meeting of the Board of Directors and a vote, is prudent.
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Post by phdedieu12 on May 10, 2023 12:15:15 GMT -5
Voting no, for any reason, is preventing the company to getting the tools it believes are required or important to have, in order to run the business as well as it can. Not that your no vote will have any impact whatsoever as many have said. As a matter of investing and democratic principle, it doesn't need to matter or have any impact to anyone but me, whether it changes the end result or not. Agreed, but the first part of my comment remains true. The items MNKD is requesting shareholders to vote on are effectively tools the company believes it needs to grow, increase shareholder value, etc. A no vote is simply saying I don't believe you need this because I know better, or I don't trust you to do what you're saying you want to do, or I won't give you the tools to achieve your stated goals. I don't see under any circumstances how this is helpful, and furthermore I can't imagine being a shareholder if this is how I feel about management, JMHO |
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Post by mytakeonit on May 10, 2023 13:17:36 GMT -5
As I stated previously ... I voted all my shares as yes ... as soon as I was allowed to vote.
But, that's mytakeonit
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Post by mytakeonit on May 10, 2023 13:41:44 GMT -5
MNKD just filed an amendment:
This Amendment No. 1 on Form 8-K/A is being filed by MannKind Corporation, a Delaware corporation (the “Company”) solely to correct the date of the comparative period on the condensed consolidated balance sheets included in the Exhibit 99.1 in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 9, 2023 (the “Original Report”) and to re-file Exhibit 99.1 thereto. The Original Report incorrectly stated March 31, 2022 as the date for the comparative period on the condensed consolidated balance sheets. The correct date is December 31, 2022.
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Post by mango on May 10, 2023 14:42:23 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 Great response by Mike and great ER as well. We blew it out of the water and apparently Wall Street liked what they heard as evidenced by today’s share price action. |
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Post by markado on May 10, 2023 16:02:49 GMT -5
As a matter of investing and democratic principle, it doesn't need to matter or have any impact to anyone but me, whether it changes the end result or not. Agreed, but the first part of my comment remains true. The items MNKD is requesting shareholders to vote on are effectively tools the company believes it needs to grow, increase shareholder value, etc. A no vote is simply saying I don't believe you need this because I know better, or I don't trust you to do what you're saying you want to do, or I won't give you the tools to achieve your stated goals. I don't see under any circumstances how this is helpful, and furthermore I can't imagine being a shareholder if this is how I feel about management, JMHO JYHO, ha! You present your HO with condescension which eliminates any humility. I didn't realize that I had to become a sheep or a lemming to earn and retain my rights as a MNKD long. If we were having a face to face annual meeting with the board, I would ask them directly why the need for the bloated share expansion ask on top of the still available shares, and to be specific - it's just the kind of shareholder I am. For those that simply believe they are in good hands, they are entitled to that belief, as I am equally entitled to ask hard questions and demand more transparency and accountability with my $150k on the line. |
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Post by prcgorman2 on May 10, 2023 16:09:02 GMT -5
You have a right to want to know the answers to the hard questions. And, as much as I’m a fan of Mike Castagna, I think he and the management are unwilling to be completely forthright about what the extra shares are needed for. I do trust they have a reason or reasons, and that we’ll learn what they are in due course. I do not expect it was for 100% prophelactic reasons. i.e., to be prepared for something should the need “arise”. phdiedeu is right that it is a matter of trust to vote “yes”. And, I respect your right to say “no” without better information. It’s all good. It’s been a good quarter (as we knew) and a good day (which I assume surprised most of us), so let’s be happy for this evening, and see what tomorrow brings.
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Post by ktim on May 10, 2023 19:01:06 GMT -5
Vote No all you want. Most of stock issues are held by institutions. Correct. Purely a symbolic vote of disapproval. Unfortunately retail investors have no real say in any corporate governance. Just the way our system works where most shares are in ETFs. |
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Post by caesar on May 10, 2023 19:07:04 GMT -5
Vote No all you want. Most of stock issues are held by institutions. Correct. Purely a symbolic vote of disapproval. Unfortunately retail investors have no real say in any corporate governance. Just the way our system works where most shares are in ETFs. Vote yes and you will get a chance to have "Philly Steak Hogie" with MC. Retail investors might not have the collective clout of ETF's, but Mike appreciates those retail investors who have his back. |
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