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Post by mymann on May 15, 2024 16:23:45 GMT -5
Asking for more pay and bonuses don't take long.
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Post by cretin11 on May 15, 2024 18:27:32 GMT -5
sayhey, yes you did correctly predict that exactly right. awesomo and mymann I agree. Not really sure what to make of this ASM, something seems off, just my opinion.
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Post by mymann on May 15, 2024 19:09:11 GMT -5
SP behaving like something is about to be released and it doesn't look good. Hope I am wrong.
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Post by mymann on May 15, 2024 21:32:11 GMT -5
I was hoping an update on RLS and Bluehale. Maybe some Cipra news on India. Damian Dash, the spoke person for Afrezza or just party friend. What say you Mike?
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Post by BD on May 15, 2024 22:26:36 GMT -5
If there hasn't been a PR announcing news by the ASM, there won't be news at the ASM. At least that's the general rule.
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Post by prcgorman2 on May 15, 2024 22:55:32 GMT -5
Given the earnings report was last week, probably not a lot new to say or for anyone to learn.
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Post by hellodolly on May 16, 2024 7:08:58 GMT -5
Big supporter, no doubt but...this is shameful. Although the ER was in fact last week, and a plausible but still a BS reason not to make an effort for their shareholders, Mike must do better on this aspect.
Why do a half-assed job? Instead, do something more meaningful for the people that stand behind the organization with their commitment, many their years of dedicated loyalty (some longer than the actual employees working at MNKD) and their hard earned dollars? Mike doesn't realize that he is not only selling an image, his vision and his passion to the MNKD Team in CT, but the Team is also his shareholders. Just attend any meaningful sporting event (meaningful as in playoffs, championships, etc. beyond the regular season) as you ALWAYS hear a debt of gratitude and thanks to the fans for their support.
Mike must make up for this, just a simple acknowledgement of what happened but, don't let it happen again. So easy to placate and do the dog and pony show, take questions, have some catering, introduce your team, let them chat with shareholders, take the stage, and more. You want to be in the big leagues, play like a big leaguer! Rant over...
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Post by letitride on May 16, 2024 7:22:47 GMT -5
Big supporter, no doubt but...this is shameful. Although the ER was in fact last week, and a plausible but still a BS reason not to make an effort for their shareholders, Mike must do better on this aspect. Why do a half-assed job? Instead, do something more meaningful for the people that stand behind the organization with their commitment, many their years of dedicated loyalty (some longer than the actual employees working at MNKD) and their hard earned dollars? Mike doesn't realize that he is not only selling an image, his vision and his passion to the MNKD Team in CT, but the Team is also his shareholders. Just attend any meaningful sporting event (meaningful as in playoffs, championships, etc. beyond the regular season) as you ALWAYS hear a debt of gratitude and thanks to the fans for their support. Mike must make up for this, just a simple acknowledgement of what happened but, don't let it happen again. So easy to placate and do the dog and pony show, take questions, have some catering, introduce your team, let them chat with shareholders, take the stage, and more. You want to be in the big leagues, play like a big leaguer! Rant over... E-mail him I did. |
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Post by BD on May 16, 2024 7:45:56 GMT -5
If you're a shareholder, it sure doesn't give you the warm fuzzies.
The default interpretation, as well expressed above, is to me a lack of respect and a "can't be bothered" attitude with something that acts as a bellwether for the trajectory of shareholder relations.
Not a good look.
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Post by lennymnkd on May 16, 2024 8:03:43 GMT -5
Look nobody wanted a in house shareholders meeting more that I , easy for me to attend not being to far away ….
But come on ! Mikes has a lot on his plate from what we know … maybe this wasn’t the right time to appease us
And just try to get the work done . Yes you can absolutely learn a lot from being there and wish it happened
But be sure Mike isn’t sitting on a couch waiting for things to happen / we have to somewhat appreciative for
All he’s doing …
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Post by hellodolly on May 16, 2024 8:27:29 GMT -5
If you're a shareholder, it sure doesn't give you the warm fuzzies. The default interpretation, as well expressed above, is to me a lack of respect and a "can't be bothered" attitude with something that acts as a bellwether for the trajectory of shareholder relations. Not a good look. EXACTLY |
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Post by hellodolly on May 16, 2024 8:46:56 GMT -5
Look nobody wanted a in house shareholders meeting more that I , easy for me to attend not being to far away …. But come on ! Mikes has a lot on his plate from what we know … maybe this wasn’t the right time to appease us And just try to get the work done . Yes you can absolutely learn a lot from being there and wish it happened But be sure Mike isn’t sitting on a couch waiting for things to happen / we have to somewhat appreciative for All he’s doing … I don't think I came off as not being appreciative. Just the opposite. I have higher expectations of MNKD on behalf of all the shareholders who've made an effort to do their part with the big picture. In return, this is NOT how you treat shareholders. He snubbed all of us, including you...bottom line. Don't you feel you deserve more? Don't you think that the CEO has an obligation once a year to meet with retail shareholders? I know he's not sitting around on a couch in the office. I know too, that he's out traveling all year meeting with institutional investors to raise money, sell his book, share his vision, raise interest and so on. Institutional investors are not treated as second class investors, why are retail investors addressed differently, because of a recent ER? Especially at this stage of the game where MNKD is only a small speck in the desert. He needs retail...this is bad optics all the way around. Truth is...I don't need to invest in MNKD, but I do because I like the story, the drugs and the platform's future. But, the money I can make in MNKD will never put a dent into what I already have. I can walk away tomorrow and by taking my profits I'll be able find more opportunities that are going to give me a faster return on my investment. My MNKD investment isn't life changing and there are plenty of other investors like me that are here for the same reasons with the same wealth. It's damn hobby for me. Regardless, at least make a damn effort and do something more. |
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Post by thekid2499 on May 16, 2024 8:53:48 GMT -5
Look nobody wanted a in house shareholders meeting more that I , easy for me to attend not being to far away …. But come on ! Mikes has a lot on his plate from what we know … maybe this wasn’t the right time to appease us And just try to get the work done . Yes you can absolutely learn a lot from being there and wish it happened But be sure Mike isn’t sitting on a couch waiting for things to happen / we have to somewhat appreciative for All he’s doing … Ehhh, without the shareholders, you don't have a public company. I think this was bush league. I agree with others here that if you want to say you are a big league company and undervalued, act like it. Most top tier companies would never treat a shareholder meeting like that. I generally am supportive of Mike. But I don't agree with how this was handled. I also don't need to be appreciative of anything. He gets paid a lot of money to do his job. And with respect to this, he didn't do it well. |
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Post by prcgorman2 on May 16, 2024 10:26:01 GMT -5
Not sure who MannKind has for an event coordinator, but it would be good to give that a hard look. One of my daughters is an event coordinator and has worked in the human and veterinary pharma and healthcare industry for years. I'm confident the MannKind event folks are very busy gearing up for the ADA conference, but I agree it would have been nice to have had a little more elaborate event.
I don't care too very much because there wasn't big news to share (which was expected) but I'll agree the optics weren't good. I sometimes wonder how Mike thinks shareholders feel. There were numerous good reports about Mike from his first ASM, so we know he's capable of a warm engagement with shareholders, but I've wondered if he's actually intimidated at this point given the stubbornly flat share price. I'm hopeful $4 is the new floor (again), but when Mike remarks they think MNKD is undervalued, it almost seems like he'd like to attach some expletives to the remark. He feels our pain too. He should, he's a larger shareholder than many of us and it has to drive him nuts to have worked so hard and had that part of his compensation remain uncompounded.
I want to add that MannKind is an interesting company in many ways and one of them is how much they've accomplished with such a small workforce. MannKind should enjoy about a 33% CAGR this year generating revenues of around $265M. The MannKind workforce was 414 employees at the end of 2023 according to macrotrends.net. This means we're expecting about $640K revenue on average for each one of MannKind's employee's efforts this year.
I wrote a post during the last week where I described how and when MNKD might reach $20/share by more than doubling revenue and without assuming a significant increase in the size of the workforce. The bottom line is MNKD is a small but mighty company with a good outlook and I'm not going to wail and gnash my teeth over yesterday's lackluster ASM.
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Post by cretin11 on May 16, 2024 11:00:54 GMT -5
gorman it’s an interesting question you raise, “is he intimidated by shareholders” at this point. Can’t ever really know, but I highly doubt it. A few years ago perhaps, when the shareholder voting on the executive compensation and bonus package was extremely low with a large contingent of “No” votes. My sense is that moment passed and he’s fairly safe now in that regard, so it’s not intimidation but more what BD and others have suggested above.
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