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Post by jpg on Oct 6, 2015 23:35:46 GMT -5
It's fair to say that some of you are portraying a gloomier picture than I think is warranted but at least you're presenting it more cordially than over at YMB. That's cool. I just cannot help but recall, when you speak of the "time" we have, that I/we have been hearing about the imminent demise of MannKind Corporation for over a decade now. How many times over 11 years have we heard that this company is on the verge of bankruptcy?
Al taking it private is the latest and greatest rumor-de-jour.
Incidentally, adding to my words is pushing the boundaries of honest rebuttal. I think my original scenario for the point of discussion had the next TS drug being released in about 2 years, by which time I inferred that Afrezza may have captured 10% of the prandial (mealtime) insulin market.
So when harrys replies with "10% market capture would be wonderful but it needs to happen on a much shorter timeline than 3-5+ years" it comes across as a cheap writing device to imply the writer wrote something he didn't. The comment that "Al may throw in the towel by taking MNKD private" illustrates how weak the short argument is becoming. There is no precedence for Al "throwing in the towel" on anything he is determined should succeed. In fact, his history shows just the opposite. He would sell the company (at a decent price) before taking it private.
This business of "Al taking MannKind private" seems to be a thinly-veiled attempt to frighten investors. That might work at over at DaZoo, but things are more grounded in DD on this board, IMHO.
You guys are pretty good. Sanofi launched Afrezza and we have just entered the 6-12 month post-launch period, the period of time when major healthcare payers/insurers typically BEGIN their coverage evaluation and determine Tier placement, and you're already suggesting to board members and readers that "the game" has us at 30 points behind with 5 minutes to play? Pulleze...can't you do better than that? Perhaps next you can try suggesting that Al is probably too old and weak to lift a pen and write a check for AMF to extend credit to MannKind.
Too funny.
You'll have to excuse my concept of "time" as I've only owned my first share going on 1.5 years now; I don't make a habit of sitting on dead money for 11yrs, so I don't know what's been said about the "demise of Mannkind for over a decade now" and its of no consequence to my investment. Since Afrezza is only just now available on the open market the clock started ticking recently and "about 2 years" is far to long to sit on dead money as far as I'm concerned. Excuse me for interpreting your ambiguous timeline as "3-5+ yrs", you failed to actually mention a number in any of your responses to my posts, so I was left to interpret based on your belief that time is no issue. So when mnholdem replies with the supposed quote that "Al may throw in the towel by taking MNKD private" it comes across as a cheap writing device to imply the writer wrote something he didn't as no where did I say this... you also seem to want to twist my theory; as I've explained many times Al would take the company private not because he's "throwing in the towel" but to save his own investment and profit off of flipping the company in order to fund his charities in perpetuity. It would be quite the opposite of Al "throwing in the towel", it would be Al flipping the bird to Wall Street/Shareholders and reclaiming what's his. I've also stated that I don't think this is going to happen, but thanks for trying to misrepresent me. Lastly, your paranoia is showing. Pot and kettle? |
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Post by babaoriley on Oct 7, 2015 0:08:04 GMT -5
"you also seem to want to twist my theory; as I've explained many times Al would take the company private not because he's "throwing in the towel" but to save his own investment and profit off of flipping the company in order to fund his charities in perpetuity."
harrys, what are his charities to which you refer? I know he's given money to some schools, not exactly charities, but I'm curious to what you are referring.
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Post by gamblerjag on Oct 7, 2015 0:15:05 GMT -5
still concerned that Matt needed to talk to Al about sharholders lending their shares out .. and feeling better from Al's answer "Take care of the paitients first" That is the only thing that doesn't give me confident.. Why would you care as a CFO if you knew good things were coming soon...
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Post by harrys on Oct 7, 2015 0:20:14 GMT -5
"you also seem to want to twist my theory; as I've explained many times Al would take the company private not because he's "throwing in the towel" but to save his own investment and profit off of flipping the company in order to fund his charities in perpetuity." harrys, what are his charities to which you refer? I know he's given money to some schools, not exactly charities, but I'm curious to what you are referring.
Charity: Alfred E. Mann Foundation (and its subsidiaries) Estimated donations: $1.8 billion (as of 2011) Mission & History "In 1968, Alfred Mann made a donation to the Johns Hopkins University Applied Physics Laboratory to support development of a smaller, longer-lasting cardiac pacemaker. At that time, pacemakers weighed about half a pound and required major surgical replacement every 18-21 months. In 1969, Johns Hopkins persuaded Mr. Mann to form a company to take over the development. That company, Pacesetter Systems (now St. Jude Medical Corporation), developed a small and very long-lived pacemaker with many disruptive advances. Those innovations enabled the company to grow rapidly into the second largest cardiac pacemaker company, improving the lives of countless individuals. From that experience, Mr. Mann concluded that while great research is created in universities, rarely does that work translate into products that benefit the public. Pondering on how the process could be improved, he decided in 1985 to establish the Alfred Mann Foundation to bridge basic research in medicine and to create products that filled unmet and poorly-met needs. During these intervening years, AMF has advanced many new technologies, fulfilling Mr. Mann’s visions for improving the lives of people in need. AMF was established with a mandate to develop medical technologies that will be made accessible to the public. In the 26 years since, AMF has charted an aggressive path of bring-ing life-enhancing technologies to those in greatest need by adhering to its mission statement: To develop and commercialize innovative solutions for significant unmet medical conditions." |
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Post by lynn on Oct 7, 2015 0:22:46 GMT -5
Harry's , With all due respect , you showed up out of nowhere and post non stop . To the point that you went from Newbie to Principle Investigator in what feels like less than a week . ( FYI your status changes based on # of posts ) For me , like Baba said in his thread . This board has changed & I miss the way it was . I honestly can't form an opinion of you at this point bc you're posts are so frequent that I barely skim them while I'm filtering thru to see those I'm more familiar with . My apologies , as I'm tired after a long busy shift but sometimes absence makes the heart grow fonder  I'm not remotely implying that you go away , I'm just stating what my thoughts are at this moment This board has taught me so much and I appreciate all that everyone contributes immensely . I'll just chalk it up to some have more time on their hands than others & that is great ! To each their own , but I sure hope YMB fixes their problem soon (& we retain all the great folks who've popped up here recently ) ! Don't take this personally , I'm just speaking my mind w/ what I'm feeling at this very moment & since I'm a Woman , my minds bound to change the next moment ,) Lynn |
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Post by gamblerjag on Oct 7, 2015 0:24:13 GMT -5
Not saying buyout is in the works.. personally I've always been anti buyout.. but I do have a Question.. we all know SNY has first rights to buy/refuse. Since MNKD doesn't have a allowable end of partnership unless they can prove corrupt behavior on SNY's part; couldn't Al just say ok .. SNY.. 40 billion.. Most likely SNY would say no... Then other suitors could in theory decide if they want to buy in most likely at a lower price since 40 isn't realistic and basing this on Al wants out of partnership..... If other suitors say 20 -30 billion; does Al have to go back to SNY for first right to refuse? Thanks.
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Post by harrys on Oct 7, 2015 0:30:58 GMT -5
Harry's , With all due respect , you showed up out of nowhere and post non stop . To the point that you went from Newbie to Principle Investigator in what feels like less than a week . ( FYI your status changes based on # of posts ) For me , like Baba said in his thread . This board has changed & I miss the way it was . I honestly can't form an opinion of you at this point bc you're posts are so frequent that I barely skim them while I'm filtering thru to see those I'm more familiar with . My apologies , as I'm tired after a long busy shift but sometimes absence makes the heart grow fonder I'm not remotely implying that you go away , I'm just stating what my thoughts are at this moment This board has taught me so much and I appreciate all that everyone contributes immensely . I'll just chalk it up to some have more time on their hands than others & that is great ! To each their own , but I sure hope YMB fixes their problem soon (& we retain all the great folks who've popped up here recently ) ! Don't take this personally , I'm just speaking my mind w/ what I'm feeling at this very moment & since I'm a Woman , my minds bound to change the next moment ,) Lynn I've never posted more than a few times on YMB so I won't be returning there as I was never really an active member. I first began participating on this board after loading another 90k into MNKD due in part to the information I was able to ascertain here. A lot of you "old timers" seem to walk a fine line between alienating new contributors and actually moderating what you seem to think is "bashing". I usually respond to someone who addresses me and for some reason people seem to comment on my posts and rebuttals quite alot (both positively and negatively). Just like you I always speak my mind. I wish others here would heed your advice as well and not take it personally. I should add this wasn't addressed directly at you but you did bring up a few points that sound familiar to those of some of the other more seemingly irritated senior members. |
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Post by jpg on Oct 7, 2015 1:03:00 GMT -5
Some new posters post so much that it makes it hard to even read the posts. Many also seem to have a repetitive tone to them.
On a completely unrelated topic...: Harrys do keep in mind Mann has made billions bridging the gap between academia and the health care market.
You're above post was meant to validate Babas point of view I presume? Right?
Or are you implying that Afrezza (and Technosphere) is the exception to his long list of 'bench to bedside achievements? I certainly would be interested in that explanation. At least this topic interests me a lot more than your constant illogical (to me anyway) repetition of Mann taking Mannkind private (without ever giving an explanation of why that would work so well for him or Afrezza).
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Post by harrys on Oct 7, 2015 1:19:51 GMT -5
Some new posters post so much that it makes it hard to even read the posts. Many also seem to have a repetitive tone to them. On a completely unrelated topic...: Harrys do keep in mind Mann has made billions bridging the gap between academia and the health care market. You're above post was meant to validate Babas point of view I presume? Right? Or are you implying that Afrezza (and Technosphere) is the exception to his long list of 'bench to bedside achievements? I certainly would be interested in that explanation. At least this topic interests me a lot more than your constant illogical (to me anyway) repetition of Mann taking Mannkind private (without ever giving an explanation of why that would work so well for him or Afrezza). I dont think Baba was making a point or expressing a point of view. I read that as either nitpicking of my comments or a genuine inquiry as to what charitable work Mann does. I believe I answered his question. So I'm not sure what you mean with your question above. On another note, you seem to have quite the selection bias when accusing me of being repetitive, I have only posted my thoughts on this matter when they were referenced. I'm not obsessed with the idea of Al taking over, it seems that everyone else is. If you had taken the time to actually read my original posts, you would have seen that I don't actually believe this is a likely possibility... but whatever fits your narrative. I can promise that I won't be mentioning it again unless someone brings it to my attention or the time comes when I believe this is actually a remote possibility. And please if you'd like me to post less then simply don't engage me. I'd be much happier having conversations of substance with the few posters on here who aren't a part of the mob. |
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Post by mnholdem on Oct 7, 2015 7:48:58 GMT -5
Well, I guess you could say that, like nature, discussion forums hate a vacuum. In the absence of information, speculation flourishes - both positive and negative. C'est la vie!
Hopefully, CEO Edstrom and CFO Pfeffer can provide some much needed information at Thursday's Aegis investor conference. I hope that our new Chief Medical Officer Dr. Urbanski is also present. It's my understanding that he is has been placed fully in charge of MannKind's pipeline development.  |
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Post by kball on Oct 7, 2015 8:18:17 GMT -5
More speculation here, but DBC asked in the HFT thread about Sam Finta's lack of posting on his groups a1c's lately. (DBC said its been 2 months)
I'm wondering if Sam may have been asked by Mannkind/Sanofi to hold off so as to let them present the information at one of these upcoming financial or medical conferences in the hope it has much more impact?
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Post by jpg on Oct 7, 2015 10:12:56 GMT -5
More speculation here, but DBC asked in the HFT thread about Sam Finta's lack of posting on his groups a1c's lately. (DBC said its been 2 months) I'm wondering if Sam may have been asked by Mannkind/Sanofi to hold off so as to let them present the information at one of these upcoming financial or medical conferences in the hope it has much more impact? Or maybe Sam has other obligations and just wants to get on with his life... Or some in the group don't want to continue to participate. Or the A1C's aren't that impressive. Or there will be a buyout. Or taken private. Or competitors paid off everyone. Or... Just trying to do my part in filling the vacuum! |
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Post by hammer on Oct 7, 2015 10:31:40 GMT -5
Not saying buyout is in the works.. personally I've always been anti buyout.. but I do have a Question.. we all know SNY has first rights to buy/refuse. Since MNKD doesn't have a allowable end of partnership unless they can prove corrupt behavior on SNY's part; couldn't Al just say ok .. SNY.. 40 billion.. Most likely SNY would say no... Then other suitors could in theory decide if they want to buy in most likely at a lower price since 40 isn't realistic and basing this on Al wants out of partnership..... If other suitors say 20 -30 billion; does Al have to go back to SNY for first right to refuse? Thanks. Gambler, You are correct. Any potential change in ownership which includes any attempt to bring the company private is subject to right of first negotiation clause in the agreement. I doubt that Al just putting a price out there would actually start this process though. As far as Al taking MNKD private, no chance as he would not be able to raise the capital to compete with SNY. That attempt would be a fools folly. SNY has been playing the "rope a dope" better than Ali himself. JMHO
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Post by babaoriley on Oct 7, 2015 10:41:38 GMT -5
"you also seem to want to twist my theory; as I've explained many times Al would take the company private not because he's "throwing in the towel" but to save his own investment and profit off of flipping the company in order to fund his charities in perpetuity." harrys, what are his charities to which you refer? I know he's given money to some schools, not exactly charities, but I'm curious to what you are referring.
Charity: Alfred E. Mann Foundation (and its subsidiaries) Estimated donations: $1.8 billion (as of 2011) Mission & History "In 1968, Alfred Mann made a donation to the Johns Hopkins University Applied Physics Laboratory to support development of a smaller, longer-lasting cardiac pacemaker. At that time, pacemakers weighed about half a pound and required major surgical replacement every 18-21 months. In 1969, Johns Hopkins persuaded Mr. Mann to form a company to take over the development. That company, Pacesetter Systems (now St. Jude Medical Corporation), developed a small and very long-lived pacemaker with many disruptive advances. Those innovations enabled the company to grow rapidly into the second largest cardiac pacemaker company, improving the lives of countless individuals. From that experience, Mr. Mann concluded that while great research is created in universities, rarely does that work translate into products that benefit the public. Pondering on how the process could be improved, he decided in 1985 to establish the Alfred Mann Foundation to bridge basic research in medicine and to create products that filled unmet and poorly-met needs. During these intervening years, AMF has advanced many new technologies, fulfilling Mr. Mann’s visions for improving the lives of people in need. AMF was established with a mandate to develop medical technologies that will be made accessible to the public. In the 26 years since, AMF has charted an aggressive path of bring-ing life-enhancing technologies to those in greatest need by adhering to its mission statement: To develop and commercialize innovative solutions for significant unmet medical conditions." harrys, I believe the Alfred Mann Foundation is more like a venture capital fund than a charitable organization. I believe it is in existence to make money by funding innovative biotech companies which will develop products that people are in need of. I don't think they're in business to give anything away. It's just another business venture for Al, one that is designed to be a win-win for the Foundation and those with unmet needs. I certainly wouldn't be surprised if they give money to traditional charities, the way many other companies do. |
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Post by gamblerjag on Oct 7, 2015 10:43:41 GMT -5
I'd be surprised if MNKD has asked Sam to do that.. Hell without Sam and Eric.. sales would probably be in the 200 a week |
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I'm not remotely implying that you go away , I'm just stating what my thoughts are at this moment 
