|
Post by silentknight on Nov 10, 2015 14:01:37 GMT -5
Exactly my thoughts as well. I interpreted it as a desperate plea for someone, ANYONE, to save TS and to come up with an idea to put the company on sound footing, because the CEO didn't have any. The call was atrocious, which is why the stock is getting crushed today. The BoD should be considering a change in management to reassure investors that they want and expect better company performance. The stock looks like it's headed into the 1's in the short term. Falling from 11 to 1 is not, and should not, be a legacy that any CEO survives, including Hakan. It's interesting that so many newbies like yourself have suddenly started flooding this board with FUD. I don't buy what you're peddling. You describe FUD as if it has no place in any investing conversation. Try again. I have no fear or I wouldn't have invested a large sum of money into a speculative biotech company with no FDA approved products at the time. Uncertainty and doubt, especially in the current state of the company and particularly in the management and their decisions recently? You betcha. I may be a new poster but I'll wager that I've held the stock longer than many. I'm not happy with where we are and any long that's followed and invested in this company for any amount of time would likely agree with me. From your comments accusing others of spreading FUD, it sounds like you're ok with how things are going. If you are, then you're a short, and you're on the wrong forums. Either way, I don't buy what you're peddling either.
|
|
|
Post by bradleysbest on Nov 10, 2015 14:06:31 GMT -5
Everyone that expresses frustration regarding the devolopments or lack thereof of SNY, MNKD & Afrezza are not bashers. We should all respect everyones opinion as no one knows who will be right or wrong in this investment. The share price and CC's are disappointing as we see the continual decline. I am not selling & will hold for the long term but those who say they are not concerned at this point are delusional. Hopefully there will be some good news in the near future! GLTA
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 10, 2015 14:11:08 GMT -5
That's correct Bradley. Let the Fudsters rage. The are comedic IMO. I'll sit back and wait for the rebound, perhaps add if the price is right.
|
|
|
Post by mssciguy on Nov 10, 2015 14:12:17 GMT -5
Everyone that expresses frustration regarding the devolopments or lack thereof of SNY, MNKD & Afrezza are not bashers. We should all respect everyones opinion as no one knows who will be right or wrong in this investment. The share price and CC's are disappointing as we see the continual decline. I am not selling & will hold for the long term but those who say they are not concerned at this point are delusional. Hopefully there will be some good news in the near future! GLTA Very true. It takes effort to avoid "confirmation bias" which is when everyone agrees with one another without challenge. Maybe all of the idolatry about Al Mann and his past successes are destructive in the long run. It's best to not rest on past glories. The company needs some visibility about partners, growth plans, also needs to get some legal counsel to investigate the criminal naked shorting. As for me, my tin foil hat is saying that the TS partner to be revealed is the US Military (or a contractor thereof), possibly among others. Why so much secrecy?
|
|
|
Post by bradleysbest on Nov 10, 2015 14:13:22 GMT -5
I hear you... Let's hope the ship gets righted soon! I know if I was Matt & Hakan I would be pissed off and anxious to sock it to the shorts & analysts!
|
|
|
Post by suebeeee1 on Nov 10, 2015 14:16:32 GMT -5
Everyone that expresses frustration regarding the devolopments or lack thereof of SNY, MNKD & Afrezza are not bashers. We should all respect everyones opinion as no one knows who will be right or wrong in this investment. The share price and CC's are disappointing as we see the continual decline. I am not selling & will hold for the long term but those who say they are not concerned at this point are delusional. Hopefully there will be some good news in the near future! GLTA Very true. It takes effort to avoid "confirmation bias" which is when everyone agrees with one another without challenge. Maybe all of the idolatry about Al Mann and his past successes are destructive in the long run. It's best to not rest on past glories. The company needs some visibility about partners, growth plans, also needs to get some legal counsel to investigate the criminal naked shorting. As for me, my tin foil hat is saying that the TS partner to be revealed is the US Military (or a contractor thereof), possibly among others. Why so much secrecy? I do hope you are right! Dang...that word...hope! I'd like to move from hope to reality. Perhaps by the end of the quarter (Haakan's words not mine), we can have some light shed on this one. Can't imagine a better Technosphere partner than the military from both a potential standpoint AND a financial standpoint. Might have to don my tin hat again as well and join you once more! Let's see where we are at 3 months from now.
|
|
|
Post by rvc on Nov 10, 2015 14:17:21 GMT -5
I was stunned that he made that comment.It was the most desperate comment I've ever heard an executive make during a cc and I was also surprised that only one analyst(Piper Jaffrey) referenced that comment today.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 10, 2015 14:23:56 GMT -5
Sure you were stunned. Just as stunned as I was, (not!), when reviewing your past posts which are all soft, putty, FUD; specifically on Sanofi ending the partnership. Guess that one is off the table. Next?
|
|
|
Post by tchalaa on Nov 10, 2015 14:34:02 GMT -5
Rob, What are your thoughts when Hakan said this: "I have made it clear that I'm open to any creative approach that will give us as many of these programs as possibly funded, and get our technology into the hands of healthcare providers and their patients. So to the participants listening to this call, who have an interest in sharing the risk and the rewards of our product development effort or who have a formulation or drug delivery challenge that our technology may address, I would say this, let's talk. My ambition is to have a robust portfolio of product candidates in the pipeline by this time next year." I thought it was quite odd as I have never heard a CEO during a quarterly conference call give a sales pitch. Quite honestly I thought it was incredibly unprofessional and I cringed when he said it. You just don't do that in a CC. It smacked of desperation which is the last thing I needed to hear given the amount I have invested in this stock. That was a statement in line with his duty. A good CEO is first of all a management leader and good commercial also negotiator (e.g Tesla , Apple, ...)
|
|
|
Post by thekindaguyiyam on Nov 10, 2015 14:38:24 GMT -5
Everyone that expresses frustration regarding the devolopments or lack thereof of SNY, MNKD & Afrezza are not bashers. We should all respect everyones opinion as no one knows who will be right or wrong in this investment. The share price and CC's are disappointing as we see the continual decline. I am not selling & will hold for the long term but those who say they are not concerned at this point are delusional. Hopefully there will be some good news in the near future! GLTA AND some of them are. To deny that would be equally looking through "rose colored glasses".
|
|
|
Post by purge on Nov 10, 2015 15:02:26 GMT -5
How is this management team keeping their jobs? I wish I could fail this much at my job and keep mine.
|
|
|
Post by patryn on Nov 10, 2015 15:05:53 GMT -5
They keep their jobs because the way to oust them is to get enough shareholder votes to have influence on who gets elected to the board of directors. At that point, the board can decide the Executives are not doing good work and get rid of them with a nice golden parachute to make sure they have a soft landing. If you and those who wish to change management really want to do more than just complain, then I suggest you vote your shares for a new board member. Of course you will likely have to do something about the large stake Al has but if you can line up all the institutional investors behind you then you might get what you want.
|
|
|
Post by purge on Nov 10, 2015 16:49:48 GMT -5
Al certainly can't be happy. How can he let such failures keep their jobs?
This is a serious question.
|
|
|
Post by hammer on Nov 10, 2015 17:18:01 GMT -5
From the conference transcript, "As background to this deal, some of you may know that our Chairman, Al Mann, has a history of involvement in medical research in collaboration with Israeli-based entities. Perhaps the best known of these is his donation of over $100 million to establish the Alfred Mann Institute at the Technion, which supports the development and commercialization of biomedical innovation conceived by Technion researchers."
I know AL has put his heart and soul into Mannkind but it seems like a no brainer that if you are into gift giving, 100 million would help his own child in a great way! Yes AL is not as wealthy as he once was but the well is still plenty deep.
"During the listing process, some of these funds approached us suggesting they buy the shares from us directly, thus allowing their cash investment to be put to work inside the company. We expect that the majority of shares for index fund purchases will be issued directly for MannKind, with remaining demand required to be satisfied by open market purchasers from existing holders to fulfill these ownership requirements."
You have to ask yourself that if these are savvy investors who also will not be able to short the stock, what is the value to them to buy the shares? Yes perhaps the discount alone is the incentive but its like they see other value apparently. If the powers at be at TASE saw a floundering company teetering on bankruptcy why would they even allow it in their markets?
As concerned as I am bout MNKD, I still think AL listed on TASE in the spirit of "good ole boy" friendship. As always there is more here than meets the eye. Holding! GLTA
|
|
|
Post by robsacher on Nov 10, 2015 19:11:18 GMT -5
Hammer,
Good post. If I may add a story of my own. My dad was in the automotive parts business and had an Israeli partner. They often spoke on the phone, long distance, and they never had a contract between themselves. A man's word is his legacy, my dad used to say. This is how it is in Israel.
I have absolute belief that Al Mann's friends in Israel will come to Al's side, if needed. I do not think that they are needed but it's nice to know they are there...
|
|