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Post by thsloppy on May 8, 2015 11:01:34 GMT -5
I've been in business a long time and when you present as a leader, you state the issue and confidently state how you are addressing it. Then you execute. I get no sense of urgency. It was clear things are slower than expected. Scripts in the 200's this many weeks into launch with the size of Sanofi's sales force is not good. I don't mind stating why but the "We are exploring this, exploring that"... gives nothing of substance. The best statement of the call was when Matt emphatically declared there would be no dilution and basically stated he had plenty of options for the financing . It was strong, stood out and gave confidence. Hakan worries me as a CEO. I felt like the analysts left without their questions completely answered.
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Post by thsloppy on May 8, 2015 11:05:47 GMT -5
sean...couldn't agree more. there is no compelling reason to add even at these levels. there is no reason to expect the shorts to not continue having their way with us. They will make their money and cover long before this starts heading north again
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Post by nuklerfizzacist on May 8, 2015 11:13:06 GMT -5
I am now just listening to the call and can yet figure out why ShoutBox was so negative? Management is simply being honest... I hope my criticism of the conf presentation in chat today is not construed as being the opinion of a short. I'm a red investor, I only pipe in here at proboards when i think i can add to the discussion at hand. Being a person who does pr as a part of his profession, I know when it is time to just be a coo, a ceo, a cfo, a scientist, etc..and leave the brunt of the message communication to the experts. My only criticism of the mnkd administration is that it is time for them to realize that at this stage the pr matters as much as the product. They were being honest, at least i think they were but. ..their message was overall unconfident, sometimes indeterminate, and therefore open to interpretation. This should not be case any longer.
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Post by goyocafe on May 8, 2015 11:13:43 GMT -5
One thing Matt did mention was an idea GOMNKD suggested a while back in a thread and that was to just GIVE OUT spirometers to Endos that don't have them (i think they mentioned only 30% have them). Unfortunately he said they cant do that though they would have in the past. Must be kickback fallout from late last year? Can they sell them for a buck?
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Post by joeypotsandpans on May 8, 2015 11:16:29 GMT -5
j, seriously, if you couldn't figure out what was going on there I am very surprised. If ever there were the coordinated effort between yesterday's articles and media spots along with the most recent members (along with some that have been seeded for awhile) that "pinged" off each other to be obvious to most on here it was happening there for your perusal. They got us below 4$ which was a major aim win (for them...).Depends on how you define win, if out of the total volume today they were able to cover more than 6-7 mill then maybe a small victory but if it (previously) cost them 6-7 mill in added short interest to get it there and they ended up net neutral for that same amount, well then I would have to say they are the disappointed ones IMO. Follow the money trail, see how SI comes out as of 4/30 and then again as of 5/15 and where s/p and volume go between now and the 15th. I know a lot of investors think TA is nothing more than a "ouija board" but this shouldn't have been a surprise if you are a chart watcher. If you go back to my posts regarding the large multi year H & S pattern that developed and the high volume day pre adcom at the 3.80 area, I believe I said we would most likely have a day where we come back to that area and should be on decent volume. They (shorts) would have to be disappointed that there wasn't much more to the "flush". At some point they will have to cover their position and given the emphatic tone to Matt's answer about there absolutely will be no dilution in taking care of the obligation due Aug. that leaves them little options (no pun intended). So I wouldn't necessarily call it a win just yet
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Post by kpm1028 on May 8, 2015 11:18:32 GMT -5
The must be expecting some serious money to be coming in before august as Matt said they would have the cash to pay it off then if desired. Current cash equiv ~122 million so they must expect more milestones coming shortly.
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Post by seanismorris on May 8, 2015 11:18:49 GMT -5
I agree. Saying 'no dilution' is a good thing.
But, the CEO saying he's stopped his stock sales isn't a positive. In the next few weeks one of the other executives is going to sell stock and the Shorts are going to misrepresent what was said on the call.
A knowledgable CEO would never have had the sell plan in the first place. Mannkind should just have payed him more (to cover the taxes) if that was a problem. The whole thing should have just disappeared without him saying anything...
This management looks really really inexperienced (at best) and borderline incompetent (at worst).
If Afrezza wasn't such a great product, I would have been scared off by now.
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Post by Deleted on May 8, 2015 11:20:12 GMT -5
I am now just listening to the call and can yet figure out why ShoutBox was so negative? Management is simply being honest... because half of them are short. Is it legal to short your own company? Even Pete Rose didn't bet against the Reds.
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Post by Deleted on May 8, 2015 11:22:09 GMT -5
because half of them are short. Is it legal to short your own company? Even Pete Rose didn't bet against the Reds. the shorts in the stream, not the company.
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Post by nuklerfizzacist on May 8, 2015 11:26:01 GMT -5
I agree. Saying 'no dilution' is a good thing. But, the CEO saying he's stopped his stock sales isn't a positive. In the next few weeks one of the other executives is going to sell stock and the Shorts are going to misrepresent what was said on the call. A knowledgable CEO would never have had the sell plan in the first place. Mannkind should just have payed him more (to cover the taxes) if that was a problem. The whole thing should have just disappeared without him saying anything... This management looks really really inexperienced (at best) and borderline incompetent (at worst). If Afrezza wasn't such a great product, I would have been scared off by now. This is a perfect example of how not to say something...in this case he thinks he's helping but the message is mixed. .had he been properly prepared a pr expert would have nipped that one in the bud while preparing for this cc; as would his personal comments about his own difficulties of obtaining a scrip for his own company's medicine..etc. it's not that i don't appreciate their candor..it's nice. .but it's not good for business.
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Post by esstan2001 on May 8, 2015 11:26:24 GMT -5
I am now just listening to the call and can yet figure out why ShoutBox was so negative? Management is simply being honest... I hope my criticism of the conf presentation in chat today is not construed as being the opinion of a short. I'm a red investor, I only pipe in here at proboards when i think i can add to the discussion at hand. Being a person who does pr as a part of his profession, I know when it is time to just be a coo, a ceo, a cfo, a scientist, etc..and leave the brunt of the message communication to the experts. My only criticism of the mnkd administration is that it is time for them to realize that at this stage the pr matters as much as the product. They were being honest, at least i think they were but. ..their message was overall unconfident, sometimes indeterminate, and therefore open to interpretation. This should not be case any longer. I sent Matt an email on their messaging (also covering much of what sloppy said below). They need to deliver in a confident, issues well understood, being addressed, and in command manner. And when they deviate greatly from expectations they set up (now 12-18 months for a technosphere partnering) they had better present a good / strategic reason (like we will be able to secure greater value in the deal for shareholders after Afrezza validation or some such nonsense)
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Post by nuklerfizzacist on May 8, 2015 11:34:24 GMT -5
I hope my criticism of the conf presentation in chat today is not construed as being the opinion of a short. I'm a red investor, I only pipe in here at proboards when i think i can add to the discussion at hand. Being a person who does pr as a part of his profession, I know when it is time to just be a coo, a ceo, a cfo, a scientist, etc..and leave the brunt of the message communication to the experts. My only criticism of the mnkd administration is that it is time for them to realize that at this stage the pr matters as much as the product. They were being honest, at least i think they were but. ..their message was overall unconfident, sometimes indeterminate, and therefore open to interpretation. This should not be case any longer. I sent Matt an email on their messaging (also covering much of what sloppy said below). They need to deliver in a confident, issues well understood, being addressed, and in command manner. And when they deviate greatly from expectations they set up (now 12-18 months for a technosphere partnering) they had better present a good / strategic reason (like we will be able to secure greater value in the deal for shareholders after Afrezza validation or some such nonsense) I almost passed out when i heard the 12-18 month comment. ..he's evidently not a poker player ..seriously though, this kind of shooting from the hip, limited preparation (obviously) presentation methodology has to stop. ..I hope to see a job posting for a seasoned public relations expert asap. It's time.
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Post by inittowinit on May 8, 2015 11:35:18 GMT -5
Great product ~ bad leadership. I made my last purchase this morning. I'm on hold. Time to step away and give Afrezza time to penetrate the diabetic market. Although I'm dissapointed from a investment standpoint, I am twice estatic for all diabetics to know their quality of life will be better with Afrezza.
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Post by notamnkdmillionaire on May 8, 2015 11:37:52 GMT -5
One thing you don't want is to create doubt. What those idiots did today on the concall is create a lot of doubt. Sure, 6 months down the road things might look really great but short term the stock is not just dead in the water but sinking. There are no catalysts on the immediate horizon. I'll revisit in a few months. I made a profit but today's call was the last straw. I no longer have any confidence in the company. And watch, Monday will be a PR about a buy out!
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Post by mnkdorbust on May 8, 2015 11:39:54 GMT -5
The latest Yellow Stock Watch Banner on finance.yahoo.com AOL nails it, Yelp seeks help, MannKind is in trouble
This flight is going to likely get bumpier before it levels out.
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