|
Post by BD on Jun 25, 2015 22:19:04 GMT -5
Chris, I believe I heard Matt say somewhere (the JMP presentation?) that the milestones were sales-related...so don't hold your breath.
|
|
|
Post by babaoriley on Jun 26, 2015 0:38:52 GMT -5
Chris, I believe I heard Matt say somewhere (the JMP presentation?) that the milestones were sales-related...so don't hold your breath. Most are, but a couple aren't. I would have thought start up on 2 and 3 might be one, but, from the context of Matt's recent presentations, I doubt it is. But my sense is that there are at least two milestones remaining that are not directly sales related.
|
|
|
Post by Chris-C on Jun 26, 2015 11:03:03 GMT -5
Chris, I believe I heard Matt say somewhere (the JMP presentation?) that the milestones were sales-related...so don't hold your breath. Most are, but a couple aren't. I would have thought start up on 2 and 3 might be one, but, from the context of Matt's recent presentations, I doubt it is. But my sense is that there are at least two milestones remaining that are not directly sales related. Baba & BD Thanks! It was also my impression that one or more remaining milestones were not sales related. Thinking logically, MNKD only has control over manufacturing at this point, if I understand the agreement correctly. SNY has responsibility for marketing and sales, even label expansion and approvals offshore. So outside of profit sharing, which is spelled out in percentages, a milestone for sales would simply be a "tier" related bonus. I'll go back and listen to Matt's presentation again. He clearly did not mention that they would receive a milestone payment for the launch of lines 2 and 3; but then, his style is typically to say as little as possible. In the JMP presentation, he loosened up a bit more; but he's still on the understated end of the speaking continuum, IMO. Chris C
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jun 26, 2015 11:08:58 GMT -5
mile stones
|
|
|
Post by babaoriley on Jun 26, 2015 11:18:21 GMT -5
Most are, but a couple aren't. I would have thought start up on 2 and 3 might be one, but, from the context of Matt's recent presentations, I doubt it is. But my sense is that there are at least two milestones remaining that are not directly sales related. Baba & BD Thanks! It was also my impression that one or more remaining milestones were not sales related. Thinking logically, MNKD only has control over manufacturing at this point, if I understand the agreement correctly. SNY has responsibility for marketing and sales, even label expansion and approvals offshore. So outside of profit sharing, which is spelled out in percentages, a milestone for sales would simply be a "tier" related bonus. I'll go back and listen to Matt's presentation again. He clearly did not mention that they would receive a milestone payment for the launch of lines 2 and 3; but then, his style is typically to say as little as possible. In the JMP presentation, he loosened up a bit more; but he's still on the understated end of the speaking continuum, IMO. Chris C Chris, if/when you go back and listen, you may notice that Matt even talks about what Sanofi's plans are with respect to Afrezza; although he may have talked in very general terms about future plans, I don't remember him ever directly speaking, in a way, on behalf of Sanfofi in terms of what they would be doing. To me, that was another example of how Sanofi has loosened the reins on MannKind. Perhaps it is due to more time having passed, a greater comfort with MNKD, or just realizing that MNKD needs to be able to promote itself. By the way, I have not had any actual dreams about MNKD or the stock market in general (that I remember, anyway). But last night, I had a dream where MNKD stock plummeted to $0.06, yes, 6 cents. And then it started climbing back up (like to a quarter) and I was kicking myself for not buying a truckload at six cents! And it was one of those more realistic dreams, so that wasn't good. LOL
|
|
|
Post by dreamboatcruise on Jun 26, 2015 16:12:55 GMT -5
babaoriley... what were you waiting for in the dream... you hoped it would drop another 17% and you could get it at a nickle? I certainly would have jumped at $0.06... but I was too busy being chased by a large talking cat last night and somehow missed the dip.
|
|
|
Post by babaoriley on Jun 26, 2015 18:09:20 GMT -5
DBC, actually, there was some rationale, I was thinking in the dream that with MNKD having tanked, I had no more buying power at all and would likely have to meet Mr. Margin in a dark alley very soon - but still, for .06, could have bought a few hundred shares for the cash in my pocket! Honestly, the whole thing was disturbingly realistic. LOL (I hope)
|
|
|
Post by beardawg on Jun 26, 2015 21:52:31 GMT -5
Is the "beginning at $250 million" the sales milestone or is it the amount they get for the first sales milestone reached?
|
|
|
Post by Chris-C on Jun 26, 2015 22:19:14 GMT -5
DBC, actually, there was some rationale, I was thinking in the dream that with MNKD having tanked, I had no more buying power at all and would likely have to meet Mr. Margin in a dark alley very soon - but still, for .06, could have bought a few hundred shares for the cash in my pocket! Honestly, the whole thing was disturbingly realistic. LOL (I hope) I'm going to refrain from sharing my very realistic dreams publicly other than to say that as real as they seemed, (and my recent ones have fortunately been very pleasant), they were, in the clarity of strong black morning coffee, highly unlikely. I'm going to categorize your six cent share price as highly unlikely as well, unless the evil forces of Jason Karp and others are able to pull off the heist of a lifetime. The good thing is that they will then face the wrath of Sanofi and perhaps the French mafia. Now there are some seeds for a thriller dream, if not a major motion picture!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jun 27, 2015 7:15:42 GMT -5
Is the "beginning at $250 million" the sales milestone or is it the amount they get for the first sales milestone reached? They get an amount not identified once they hit 250mil aggregate sales. They are probably a few percent towards that goal currently. I don't believe payouts occur until the end of the fiscal year in which they occur. In other words if they hit 250 mil in feb 2017, they won't get paid until jan 2018. They can get multiple milestones in specific years
|
|
|
Post by beardawg on Jun 27, 2015 10:38:20 GMT -5
Is the "beginning at $250 million" the sales milestone or is it the amount they get for the first sales milestone reached? They get an amount not identified once they hit 250mil aggregate sales. They are probably a few percent towards that goal currently. I don't believe payouts occur until the end of the fiscal year in which they occur. In other words if they hit 250 mil in feb 2017, they won't get paid until jan 2018. They can get multiple milestones in specific years Thanks. I don't remember seeing it specified as that particularly in the agreement; I seem to recall it using the same language. Is that standard language for what you described?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jun 27, 2015 13:03:24 GMT -5
No it's in the sny agreement, I've read it there.
|
|