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Post by liane on May 13, 2015 15:25:30 GMT -5
I missed the live stream, and just listened to the replay now. It ended abruptly. Did the live version end just as Matt was talking about refinancing the convertible debt, and saying that the extremely large short position was complicating that??? I'm left dangling.
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Post by gomnkd on May 13, 2015 15:30:03 GMT -5
I feel like Pfeffer gets his MNKD news from Proboard.
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Post by kc on May 13, 2015 15:32:22 GMT -5
Love the various surprises he mentioned the NJ office and the HQ in Ca. Mentioned that Al still had plenty of Cash and is willing to use on debt if needed. 120 mil in cash. Lots of options on debt.
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Post by kc on May 13, 2015 15:36:58 GMT -5
Do you sense that Matt and Al set up the ultimate game of chess for the shorts last Friday? The delivered the news and only the news and had even the longs concerned as it was a just giving out information. But today they surprised even us with a very nice slick presentation and a great slide deck. They set the stage last week to get everyone's attention in the investment world and it did exactly that from the longs and shorts. The bashing was really horrible. But today they presented what we thought they should have last week?
Checkmate. They do have a game plan and the know how to execute it.
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Post by kc on May 13, 2015 15:38:32 GMT -5
Ah and don't forget the Goldman down grade to $2.00 that came out last night. Goldman does not look too smart now. MannKind play this game well today. Aaaaaand... right on cue after the tiniest of good news comes a JPM downgrade. Afrezza might stick around by the time I get diabetic but I need something for heartache Post edit: I read this news late. It was already published this morning.
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Post by Deleted on May 13, 2015 15:39:36 GMT -5
At 21:10 Matt started to talk about the balance sheet. Shortly thereafter, he mentioned that if need be, Al could increase his LOC (which I believe is currently $30mm from the Mann group) to get the company over any short term hump. To me this translates into there will be no cash crunch ever. Very good call today. Much more proactive without stepping over the line. Matt was also very frank as to why they are not giving more color about Technosphere opportunities simply because they don't want to tip their hand too early. Note that Al's wife Claude suffers from migraines and Al has said more than once "imagine if there was a pain inhaler for migraines that started working in a couple of minutes". Some highlights from today's talk: Matt did all the speaking. Few questions at the end, I heard 2 folks speak up to ask. Al was there, I believe I heard him in the background at the conclusion. Additional cost reductions coming (closing Valencia office) Reaffirm no secondary dillutive financing to satisfy the maturing convertible debt - continue to suggest similar instrument as most likely option; mentioned current short interest as possible impediment to this - mentioned current share price as additional (not primary) reason for avoiding dilutive option - I believe he suggested an expansion of loan from Al as a possibility - it went by pretty quick and I was caught off guard by the statement TS development - Pain product in current pipeline - Pulmonary product to enter pipeline this year - Additional products at 6 month intervals - 18 months to partnership opportunity (Hakan had stated 12-18 in quarterly cc) Disclosed sample pack volume delivered to Sanofi at 54,000. I believe that is the first number given on this. Stated production capacity triples end of June (so 2&3 are not on line yet) Showed Sanofi slides highlighting patient/physician preferences for Afrezza DTC in early 3Q (will begin with print ads / lower cost options) Some interesting discussion on the partnership arrangement. So far MNKD has been in complete agreement with spend levels and marketing plans. Anything else?
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Post by rockstarrick on May 13, 2015 15:40:28 GMT -5
I missed the live stream, and just listened to the replay now. It ended abruptly. Did the live version end just as Matt was talking about refinancing the convertible debt, and saying that the extremely large short position was complicating that??? I'm left dangling. Did you get to see the rest, it also stopped at a point when I was watching the second time, said it was buffering. I'll try again later.
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Post by liane on May 13, 2015 15:49:09 GMT -5
The replay is 14.09 min long, and still stops right when Matt mentions the high short interest. Hmmmm...
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Post by Deleted on May 13, 2015 15:50:13 GMT -5
Do you sense that Matt and Al set up the ultimate game of chess for the shorts last Friday? The delivered the news and only the news and had even the longs concerned as it was a just giving out information. But today they surprised even us with a very nice slick presentation and a great slide deck. They set the stage last week to get everyone's attention in the investment world and it did exactly that from the longs and shorts. The bashing was really horrible. But today they presented what we thought they should have last week?
Checkmate. They do have a game plan and the know how to execute it. Sorry to copy and paste, but when I read these, I am not sure if Sun Tzu got his play book from Al Mann. Some quotes from Sun Tzu - The Art of War Appear weak when you are strong and strong when you are weak Attack your opponents in a way in which they know not how to defend Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win Build your opponent a golden bridge to retreat across
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Post by darsel on May 13, 2015 15:50:42 GMT -5
Webcast ends right as he is addressing the convertible debt and other financials. Is there an alternate source or will there be a transcript does anyone know. Also, was curious to hear Q and A if possible.
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Post by darsel on May 13, 2015 15:51:15 GMT -5
Same here. What gives??
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Post by tchalaa on May 13, 2015 15:53:11 GMT -5
this is my summary !!! Attachment DeletedExcerpt from 10Q: "Pursuant to the terms of the Sanofi Supply Agreement, the Company will be the exclusive manufacturer and supplier of AFREZZA until the specified conditions are met, upon which a portion of the manufacturing activities may be assumed by Sanofi." Will the production be outsourced only when AFREZZA has turn to a blockbuster, full production capacity of the 3 lines? (~494K patients with ~$2850 yearly -> $1.4 Billlion)
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Post by kc on May 13, 2015 16:00:12 GMT -5
Do sense the ultimate game of chess is being played. Last Friday we all thought they were poor communicators. Then the negative brokers turned against the company with their downgrades and questioning why they even existed. The Jason Karp 0 value and yesterday's $2.00 by Goldman Sachs. Do you think if they presented they same message last week we would have seen the negative comments we have lived with since than? I think that Hakan, Matt & and Al played the ultimate game of Chess with the Shorts. They could have used the slide deck last Friday and also talked about the various things that Matt mentioned today but didn't.
I have listened to the call twice today and walk away knowing that we will be A-OK long term.
I missed the live stream, and just listened to the replay now. It ended abruptly. Did the live version end just as Matt was talking about refinancing the convertible debt, and saying that the extremely large short position was complicating that??? I'm left dangling. Did you get to see the rest, it also stopped at a point when I was watching the second time, said it was buffering. I'll try again later.
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Post by liane on May 13, 2015 16:10:53 GMT -5
I just hit the refresh button, and it is now listed as 30 min long - so I'm listening to the 2nd half now.
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Post by kball on May 13, 2015 16:15:56 GMT -5
Do you sense that Matt and Al set up the ultimate game of chess for the shorts last Friday? The delivered the news and only the news and had even the longs concerned as it was a just giving out information. But today they surprised even us with a very nice slick presentation and a great slide deck. They set the stage last week to get everyone's attention in the investment world and it did exactly that from the longs and shorts. The bashing was really horrible. But today they presented what we thought they should have last week?
Checkmate. They do have a game plan and the know how to execute it. Premature. It was however the first nice move since feb 3 mini launch/making drug finally available. Checkmate to me is a 5-10 bagger after loaning out my shares for a couple years at 20%
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