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Post by lakemann on Nov 20, 2015 17:31:06 GMT -5
What if the CEO, is sick. And stepped down for health reasons??? What if all this overthinking is for nothing?.. And really does it matter how or why he's gone? His leaving didn't seem to affect the share price..
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Post by dreamboatcruise on Nov 20, 2015 17:46:39 GMT -5
What if the CEO, is sick. And stepped down for health reasons??? What if all this overthinking is for nothing?.. And really does it matter how or why he's gone? His leaving didn't seem to affect the share price.. Most of the time a PR would at least say he stepped down for "personal" reasons if not "health reasons" in that case. Granted, SOME people on this board tend to over analyze things (looking to the left and right... Wait, why's everyone looking at me)... but having a CEO abruptly depart without explanation is going to cause speculation and discussion for any company. I personally think the why could matter. Could be good if institutions were driving it because they have faith in MNKD, just not in Hakan. Could be bad if it is some proximate failure of Hakan such as having lost a potential TS deal. I doubt we will find out, so in that regard the speculation may not matter... but understandable why people are speculating.
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Post by als57 on Nov 20, 2015 18:20:05 GMT -5
If Al's capability is in question, Google Al' 95 year old brother who is still going strong as a musician and teacher. It's in the genes!
As a CEO Hakan was a waste of chemicals. Hopefully, Matt sees the handwriting on the wall and turns in his"dancing shoes" for a pair of straight talkers!
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Post by patryn on Nov 20, 2015 18:27:12 GMT -5
What if the CEO, is sick. And stepped down for health reasons??? What if all this overthinking is for nothing?.. And really does it matter how or why he's gone? His leaving didn't seem to affect the share price.. Most of the time a PR would at least say he stepped down for "personal" reasons if not "health reasons" in that case. Granted, SOME people on this board tend to over analyze things (looking to the left and right... Wait, why's everyone looking at me)... but having a CEO abruptly depart without explanation is going to cause speculation and discussion for any company. I personally think the why could matter. Could be good if institutions were driving it because they have faith in MNKD, just not in Hakan. Could be bad if it is some proximate failure of Hakan such as having lost a potential TS deal. I doubt we will find out, so in that regard the speculation may not matter... but understandable why people are speculating. I am of the belief they had a TS deal on the table and negotiations soured. Whether or not it was Hakan's direct fault, he is falling on his sword for it.
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Post by trenddiver on Nov 20, 2015 18:39:11 GMT -5
I think Al needs to have a conference call ASAP with shareholders and others to explain what just happened and give his views of the present situation with Mannkind, Sanofi, Technosphere. He also needs to give us his vision of the future. Many of us are in this investment because of Al Mann and our trust in him a a leader and entrepreneur, and a visionary. Al needs to reassure us that his vision is intact and he will take the necessary steps to get back on track. I think this needs to be done in the next week or so. I hope Al is reading our board and gets this message. (I have no direct knowledge that he does, but wouldn't be surprised).
Trend
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Post by jeremg on Nov 20, 2015 18:46:29 GMT -5
trenddiver, I wish this were the case but I think it should be obvious at this point that us retails are simply along for the ride. Al and institutions owning so many shares make this a game where we have virtually no representation despite the fact this it is a publicly traded company. I doubt Al at the helm will equal more transparency, possibly the opposite; Al hasn't ever been very shareholder friendly, we are just a means to an end for him. Hopefully the new CEO will be both forthcoming and polished in PR (unlike Mr. Hakan, I'll never be able to forget his cringeworthy words during that last CC), we shall soon find out.
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Post by EveningOfTheDay on Nov 20, 2015 18:53:17 GMT -5
I am of the belief they had a TS deal on the table and negotiations soured. Whether or not it was Hakan's direct fault, he is falling on his sword for it. Yes, that thought had crossed my mind, seeing as he is been somewhat over-promising since back in May. His assertion that a deal would could be coming before the end of the year might have made it imposible for him to stay, especially if that deal is now off the table. Can Al find the right replacement? Can he patch the situation? He is definitely capable, but that is never been a guarantee of anything. Patryn, let me ask you something. Do you think something like what has happened with KBIO could happen here? Obviously the situation is very different, since we are talking about 400+ million shares, but, as unlikely as it seems, some of the timing and the forms could seem to indicate there could be a power move waiting for the right moment to be put into play. With aloha,
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Post by ashiwi on Nov 20, 2015 18:55:27 GMT -5
Maybe SNY is about to take a stake in MNKD, but wants its own CEO in place for MNKD. Just a thought.
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Post by parrerob on Nov 20, 2015 19:08:47 GMT -5
Maybe SNY is about to take a stake in MNKD, but wants its own CEO in place for MNKD. Just a thought. I don't think so.... In this case a thanks to Hakan in the announcement was surely posted. I think it was something between Al and Hakan....
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Post by EveningOfTheDay on Nov 20, 2015 19:18:26 GMT -5
Maybe SNY is about to take a stake in MNKD, but wants its own CEO in place for MNKD. Just a thought. I guess at this point anything could be possible, but the way Hakan's dismissal communication read it does not seem probable.
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Post by patryn on Nov 20, 2015 19:36:49 GMT -5
I am of the belief they had a TS deal on the table and negotiations soured. Whether or not it was Hakan's direct fault, he is falling on his sword for it. Yes, that thought had crossed my mind, seeing as he is been somewhat over-promising since back in May. His assertion that a deal would could be coming before the end of the year might have made it imposible for him to stay, especially if that deal is now off the table. Can Al find the right replacement? Can he patch the situation? He is definitely capable, but that is never been a guarantee of anything. Patryn, let me ask you something. Do you think something like what has happened with KBIO could happen here? Obviously the situation is very different, since we are talking about 400+ million shares, but, as unlikely as it seems, some of the timing and the forms could seem to indicate there could be a power more waiting for the right moment to be put into play. With aloha, I think there could be a buyout yes if it gets to that point. The technology and patent portfolio is worth a non - negligible amount. I doubt we'd have any sort of massive 500% run-up from the news though as the buyout would reflect a specific price and the stock would naturally gravitate near that price (whatever it happened to be).
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Post by nadathing on Nov 20, 2015 19:42:15 GMT -5
I seriously doubt that Hakan would have been negotiating a TS deal without Al calling the shots.
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Post by sportsrancho on Nov 20, 2015 19:57:37 GMT -5
I seriously doubt that Hakan would have been negotiating a TS deal without Al calling the shots. Thats a good point. But something went wrong. Matt was expecting the PPS to be higher. Like lakers said, we have had some bad hands. Time to reshuffle the deck!
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Post by trenddiver on Nov 20, 2015 20:06:20 GMT -5
trenddiver, I wish this were the case but I think it should be obvious at this point that us retails are simply along for the ride. Al and institutions owning so many shares make this a game where we have virtually no representation despite the fact this it is a publicly traded company. I doubt Al at the helm will equal more transparency, possibly the opposite; Al hasn't ever been very shareholder friendly, we are just a means to an end for him. Hopefully the new CEO will be both forthcoming and polished in PR (unlike Mr. Hakan, I'll never be able to forget his cringeworthy words during that last CC), we shall soon find out. Jeremg, I have spoken with Al at at a couple of shareholder meetings and I have to disagree with you about Al and his feelings towards shareholders. I believe he genuinely does care about retail shareholders because many of the investors in Mannkind are his longterm friends. In addition many of his relatives are shareholders. When you meet Al, he just seems like one of the guys (he even took pictures with the "nurses" He was always open and frank, sometimes to a fault. At the last shareholder meeting that I attended in 2014, someone asked Al a question about Mannkind and its future, And Al answered that Mannkind was about "patients and shareholders" and the future was bright. I think Al believed this when he said it, and hope he still believes it. That why I'm still holding my shares. Trend
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Post by kball on Nov 20, 2015 20:06:28 GMT -5
Shout out to Hakan...we would seem to be welcoming new posters here of late. If you had some time suddenly.
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