|
|
Post by mnholdem on Oct 8, 2015 12:12:37 GMT -5
Matt indicated that cash will not be a problem going forward and that the $100 million debt was settled approximately 50% swaps and 50% cash.
Now I'm wondering about his remark, "At the end of the day, you'll see the numbers." Did he mean "end of the day" as a figure of speech, such as "when everything gets disclosed", or is there to be a PR after hours today? Matt has used that "end of the day" phrase before and it was not to be taken literally.
I did get a kick out of his remarks about the moving boxes in his office... did he say that he's temporarily moving to an office across the freeway? That seems to be a direct response to all the debate at YMB over kevinmik's disclosure that Matt told him on the phone that he had moving boxes in his office. That turned out to be a circus show... and people wonder why Matt doesn't say much. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Oct 8, 2015 12:14:36 GMT -5
The TS time line keeps getting further & further away. Afrezza scripts either pick up or we are sunk! I remember a lot of commentary last fall from MNKD when pressed about technosphere but I think they handled it very poorly because they alluded on several occasions to partnerships, to timelines that were a lot shorter than 3-5 yrs, and to just what they consultants were hired to do. As time passes on, none of those compressed timelines appear to be realistic, matt just mentioned they don't want to create competitors so they are being "careful" with licensing agreements (I translate that into nobody wants to pay, but, that's my spin on it and not something that was said), and now it seems the consultants job was to identify potential products for technosphere. It also seems to be less about partnerships and more about what MNKD is doing for their pipeline. Matt also regrets his "embarrassment of riches" comment which I took major issue with when he made it. This doesn't need any spin in my opinion, it just it was it is. Scripts are what they are - no spin, excuses needed at this point. And we aren't hearing any news because there isn't any news to produce. But if we could go back one full year I think what I would love to see changed is the expectations put out there by MNKD. They clearly believed that sales would take off but I wish they would have tempered expectations, avoided all commentary that alluded to high expectations, and begin the process of under promising and over delivering. As it is right now, over 2.5 billion spent, over 10 yrs of time, and the SP is about 3/share with a slow first year of sales. 2016 had better improve  |
|
|
|
Post by cfield23 on Oct 8, 2015 12:14:54 GMT -5
To me Matt sounded nervous / short of breath and flying by seat of pants. Why participate in conference if you can't put a good foot forward unless Aegis arranged for some of the debt to be purchased. It is like Matt couldn't wait to be done. Hopefully he is being instructed to speak but say nothing. Don't they have to issue some release to say the debt instrument has been taken care of? This was because it's supposed to be a 30-40 minute presentation that got scrunched down to 15 minus because of technical difficulties, so he had to fly through the slides until the end updates. Not nervous, just rushed. |
|
|
|
Post by factspls88 on Oct 8, 2015 12:15:58 GMT -5
Matt indicated that cash will not be a problem going forward and that the $100 million debt was settled approximately 50% swaps and 50% cash. Now I'm wondering his remark, "At the end of the day, you'll see the numbers." Did he mean "end of the day" as a figure of speech, such as "when everything gets disclosed", or is there to be a PR after hours today. Matt has used that "end of the day" phrase before and it was not to be taken literally. I did get a kick out of his remarks about the moving boxes in his office... did he say that he's temporarily moving to an office across the freeway? I think his "end of the day" comment shoud not be taken literally. As you said, he's used it a lot in the past to mean "when all is said and done." |
|
|
|
Post by tonyz on Oct 8, 2015 12:15:37 GMT -5
To me Matt sounded nervous / short of breath and flying by seat of pants. Why participate in conference if you can't put a good foot forward unless Aegis arranged for some of the debt to be purchased. It is like Matt couldn't wait to be done. Hopefully he is being instructed to speak but say nothing. Don't they have to issue some release to say the debt instrument has been taken care of? For some reasons (they said technical problems) he got started late and yet still had to finish on time. That's why he skipped through several slides and presentation points and only took few questions with abbreviated answers. There are material things especially before an earnings report that he s not allowed to talk about. I've given presentations where the technical staff was having problems getting things to work and it can be rattling. |
|
|
|
Post by kball on Oct 8, 2015 12:18:32 GMT -5
Like what else could go wrong
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Oct 8, 2015 12:22:53 GMT -5
To me Matt sounded nervous / short of breath and flying by seat of pants. Why participate in conference if you can't put a good foot forward unless Aegis arranged for some of the debt to be purchased. It is like Matt couldn't wait to be done. Hopefully he is being instructed to speak but say nothing. Don't they have to issue some release to say the debt instrument has been taken care of? I got the strong impression that he understood he was on a strictly tight time frame. Right at the beginning he started with the apology for the delay and said he'd need to go fast given the time allotted. He clearly felt like he was up against a hard break at the end when he cut himself off for questions. I got the feeling that he knew that when the time expired, he was really finished. I do agree though that at the end he sounded like he wanted to be done with it but I suspect it was more related to the nature of the restrictions and limitations on his time and what it forced him to do in terms of a rush job than anything else. Sorry, I am going to be tough on him with this one and I am long MNKD for many years. He is C level, time constraints and pressure are things he should be able to adjust to on the fly and some of the rambling indicates he was not as prepared as he should be. Perhaps he knows good news will ultimately play out and is not nervous or all that concerned about this kind of thing but it does not look good. We really need to have NRx grow week over week in a consistent manner now. If we are not hearing about launching in another country anytime soon and Afrezza sales are tracking well below budget someone at Sanofi will need to make a call in the next few months to decide if they believe Afrezza is commercially viable. Don't get me wrong, clinically there is nothing that can compare. It would also help to know if Sanofi's CEO is a supporter, neutral or not supportive of Afrezza and not sure if he will make the call on continuing the relationship or rely on leadership that oversees Afrezza to make the call and if the latter, and if Sanofi is a bit out of sorts about the progress of Afrezza, then that may mean someone has to risk their career to keep things going. Then again, we could see a big gap up in NRx and my concerns would vanish, I can only hope. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Oct 8, 2015 12:22:50 GMT -5
Matt indicated that cash will not be a problem going forward and that the $100 million debt was settled approximately 50% swaps and 50% cash.
Now I'm wondering about his remark, "At the end of the day, you'll see the numbers." Did he mean "end of the day" as a figure of speech, such as "when everything gets disclosed", or is there to be a PR after hours today? Matt has used that "end of the day" phrase before and it was not to be taken literally.
I did get a kick out of his remarks about the moving boxes in his office... did he say that he's temporarily moving to an office across the freeway? That seems to be a direct response to all the debate at YMB over kevinmik's disclosure that Matt told him on the phone that he had moving boxes in his office. That turned out to be a circus show... and people wonder why Matt doesn't say much. Nothing matt or other MNKD people say should be taken literally. Literally......... |
|
|
|
Post by hawaiiguy42 on Oct 8, 2015 12:23:11 GMT -5
I got the very same sentiment. Sounded as though he was in a rush to get off of the microphone/podium.
Half of what he was saying is, I can't answer that... you have to wait, I can't disclose, it is what it is... hang in there, what kind of presentation is this, totally unprofessional.
I have given hundreds of briefings (professional high ranking governmental briefings), you do not rush through briefing, you set time aside for Q&A, and more importantly you address current issues, and future resolutions to those issues.
That's a complicated question, are you kidding me. What he's really saying is, I GOT TO GET OFF THIS STAGE!
I personally am holding off from adding any additional shares until they give the retail investors and retail investors a little more respect... we're not the "money train."
|
|
|
|
Post by meinnyc on Oct 8, 2015 12:24:03 GMT -5
The presentation is on their website (audio only) under Events & Presentations.
|
|
|
|
Post by formermnkdemployee on Oct 8, 2015 12:25:03 GMT -5
His very final answer: No, they (Sanofi) haven't taken a stake, AS YET. Why would he add those 2 words?
|
|
|
|
Post by harrys on Oct 8, 2015 12:27:28 GMT -5
If anything that performance and the continued lack of transparency really shook what little confidence remained in my mind. To far down the rabbit hole (and the money pit) to give up now though. This investment is in... someone's hands now, not sure whose?
|
|
|
|
Post by factspls88 on Oct 8, 2015 12:27:48 GMT -5
I got the very same sentiment. Sounded as though he was in a rush to get off of the microphone/podium.
Half of what he was saying is, I can't answer that... you have to wait, I can't disclose, it is what it is... hang in there, what kind of presentation is this, totally unprofessional.
I have given hundreds of briefings (professional high ranking governmental briefings), you do not rush through briefing, you set time aside for Q&A, and more importantly you address current issues, and future resolutions to those issues.
That's a complicated question, are you kidding me. What he's really saying is, I GOT TO GET OFF THIS STAGE!
I personally am holding off from adding any additional shares until they give the retail investors and retail investors a little more respect... we're not the "money train."
Your sentiment is wrong. He was not rushed because he was in a hurry to get off the podium. He was rushed because he lost half of his presentation time due to problems associated with the video he was using for the presentation. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Oct 8, 2015 12:29:08 GMT -5
His very final answer: No, they (Sanofi) haven't taken a stake, AS YET. Why would he add those 2 words? Why don't you tell us? Your the former MNKD employee. |
|
|
|
Post by harrys on Oct 8, 2015 12:31:10 GMT -5
I got the very same sentiment. Sounded as though he was in a rush to get off of the microphone/podium.
Half of what he was saying is, I can't answer that... you have to wait, I can't disclose, it is what it is... hang in there, what kind of presentation is this, totally unprofessional.
I have given hundreds of briefings (professional high ranking governmental briefings), you do not rush through briefing, you set time aside for Q&A, and more importantly you address current issues, and future resolutions to those issues.
That's a complicated question, are you kidding me. What he's really saying is, I GOT TO GET OFF THIS STAGE!
I personally am holding off from adding any additional shares until they give the retail investors and retail investors a little more respect... we're not the "money train."
Your sentiment is wrong. He was not rushed because he was in a hurry to get off the podium. He was rushed because he lost half of his presentation time due to problems associated with the video he was using for the presentation. Um yah someone else's sentiment can't be deemed "wrong" when assessing a third party's thoughts. He made a valid point, just as your point is also valid. |
|
