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Post by Chris-C on Nov 20, 2015 9:42:47 GMT -5
in general I view this action as necessary and overdue. My immediate concern is that the same Board of Directors who just removed Hakan also promoted him several months ago. It has been discussed on the board as though the decision was Al's; but in the end, the BOD has to take responsibility. Clearly, Al has the most influence, but it would be useful to know how the other board members lined up, and how long the dissatisfaction has been growing.
It is not Hakan's fault that scripts are slow; that responsibility rests with SNY. But the "silence", lack of apparent progress on the TS front, and poor performances during conference calls destroyed the street's confidence in management's competence. One must assume that Hakan performed sufficiently well in his previous roles to be tapped as CEO when Al left. I commented at the time that I thought that action signaled the board's (Al's) confidence that things were headed toward success. At the very least, MNKD needs a CEO who can project confidence. More importantly, they need a leader who can execute. That's why they call them executives.
Another question is how will SNY view this? Perhaps their lack of a definitive endorsement two weeks ago had something to do with their reservations about current executive management.
I think informed investors will see this as positive, but that all hinges on what the board does to replace him, and how quickly it acts. Uncertainty is FUD's middle name, and it is not like FUD opportunities have been in short supply for quite awhile now. In fact, it has often felt as though though MNKD's management and lack of execution has supplied shorts with an endless amount of ammunition to destroy investor confidence and drive the share price down.
JMHO
Chris C
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Post by trondisc on Nov 20, 2015 9:43:04 GMT -5
Finally Hakan aloof "man with a mission" Edstrom is gone. Last conference call was pathetic and his comments asking for help were the writing on the wall. This is very positive news; possibly the best all year. Script count today was better than the last few weeks. I see today's management shakeup as an excellent move from a deadweight CEO who was confusing and hard to understand with a major lack of enthusiasm.
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Post by boytroy88 on Nov 20, 2015 9:45:01 GMT -5
Finally Hakan aloof "man with a mission" Edstrom is gone. Last conference call was pathetic and his comments asking for help were the writing on the wall. This is very positive news; possibly the best all year. Script count today was better than the last few weeks. I see today's management shakeup as an excellent move from a deadweight CEO who was confusing and hard to understand with a major lack of enthusiasm. What were the numbers?
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Post by mindovermatter on Nov 20, 2015 9:45:23 GMT -5
Finally Hakan aloof "man with a mission" Edstrom is gone. Last conference call was pathetic and his comments asking for help were the writing on the wall. This is very positive news; possibly the best all year. Script count today was better than the last few weeks. I see today's management shakeup as an excellent move from a deadweight CEO who was confusing and hard to understand with a major lack of enthusiasm. Wasn't it Al who hand picked him to succeed him as CEO?
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Post by mindovermatter on Nov 20, 2015 9:48:57 GMT -5
in general I view this action as necessary and overdue. My immediate concern is that the same Board of Directors who just removed Hakan also promoted him several months ago. It has been discussed on the board as though the decision was Al's; but in the end, the BOD has to take responsibility. Al controls the BOD, imo. They do what he wants. Another question is how will SNY view this? Perhaps their lack of a definitive endorsement two weeks ago had something to do with their reservations about current executive management.
Maybe this all stemmed from Sanofi? Maybe they didn't like Hakan?JMHO Chris C
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Post by bradleysbest on Nov 20, 2015 9:53:31 GMT -5
With Al back as CEO (still believe he was the HMFIC) what can or should be done immediately (1-3 months) to get the Afrezza /MNKD train rolling?
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Post by mssciguy on Nov 20, 2015 9:55:33 GMT -5
With Al back as CEO (still believe he was the HMFIC) what can or should be done immediately (1-3 months) to get the Afrezza /MNKD train rolling? Some clear and concise communication would be nice, for starters.
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Post by mnholdem on Nov 20, 2015 10:01:43 GMT -5
Unfortunately, for those investors who seek transparency, Al Mann is somebody who does not place as much importance on Investor Relations as do the CEO's of most public companies.
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Post by sportsrancho on Nov 20, 2015 10:08:07 GMT -5
Alfred Mann is the man!!! Seems to me he has been in charge for the last few months anyway:-). Go Al!!! I hope he stays till he thinks things are back on track again!
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Post by mbseeking on Nov 20, 2015 10:11:33 GMT -5
quite right sportsrancho.. dual listing was in Tel Aviv not Stockholm.
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Post by cjc04 on Nov 20, 2015 10:13:05 GMT -5
Honestly, this thread baffles me....
IMO,,,, there's only one way to look at this as a positive event. That is if you already believed the ship was sinking and Hakan was driving it all along.
I never saw it that way... I always looked at Al stepping down and giving Hakan the CEO roll as a sign that the details were done and Hakan, specializing is the science, could run the operations on Al's path without having much he could fuk up. Otherwise, I never would've seen Hakan as the right choice for CEO in the first place, AND how the hell did Al ever think he was???
Today's news confirms to me that the train is off the rails....
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Post by boytroy88 on Nov 20, 2015 10:13:37 GMT -5
Lol...looks like this is the only active thread at the moment.
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Post by boytroy88 on Nov 20, 2015 10:15:17 GMT -5
Honestly, this thread baffles me.... IMO,,,, there's only one way to look at this as a positive event. That is if you already believed the ship was sinking and Hakan was driving it all along. I never saw it that way... I always looked at Al stepping down and giving Hakan the CEO roll as a sign that the details were done and Hakan, specializing is the science, could run the operations on Al's path without having much he could fuk up. Otherwise, I never would've seen Hakan as the right choice for CEO in the first place, AND how the hell did Al ever think he was??? Today's news confirms to me that the train is off the rails.... Wonder why it took the BOD this long to concede that it was off course?
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Post by trenddiver on Nov 20, 2015 10:15:24 GMT -5
Wherever Hakan goes, I hope he takes Matt with him. We need to clear the decks and start fresh with a a top flight CEO and CFO.
Trend
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Post by peppy on Nov 20, 2015 10:20:08 GMT -5
Wherever Hakan goes, I hope he takes Matt with him. We need to clear the decks and start fresh with a a top flight CEO and CFO. Trend Too much instability. Matt speaks well on the CC.
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