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Post by bradleysbest on Nov 20, 2015 10:20:06 GMT -5
With all the positives regarding MNKD & Afrezza I would think plenty of people would LOVE to jump aboard Al's train!
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Post by seanismorris on Nov 20, 2015 10:24:29 GMT -5
Matt isn't going anywhere, he's on the Board of another of Al's companies. I don't have a problem if Hakan is hired back as COO (but probably won't be), he was way out of his depth as CEO.
This is a good thing, finally the Board (Al) is doing something. The chances of MannKinds survival just went up.
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Post by mbseeking on Nov 20, 2015 10:26:01 GMT -5
Matt has done magnificently he is CFO not CEO. Without sales traction, he either hatched or managed the TASE deal , which with Al's loans gets us another 12 months. What more could you ask a CFO to do - he's staved off bankruptcy.
This action today is Al working on the Sales side. Expect the relationship with SNY to get a lot more animated in the near term: they basically cant park Afrezza now and wait for MNKD to die (finances covered, and more aggressive CEO - either Al himself or newcomer)
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Post by boytroy88 on Nov 20, 2015 10:28:37 GMT -5
Matt has done magnificently he is CFO not CEO. Without sales traction, he either hatched or managed the TASE deal , which with Al's loans gets us another 12 months. What more could you ask a CFO to do - he's staved off bankruptcy. This action today is Al working on the Sales side. Expect the relationship with SNY to get a lot more animated in the near term: they basically cant park Afrezza now and wait for MNKD to die (finances covered, and more aggressive CEO - either Al himself or newcomer) Let's hope that's the case.
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Post by trenddiver on Nov 20, 2015 10:38:25 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.
The CFO's primary job in a public company is dealing with Wall Street and making sure the Company has sufficient capital for current and future needs. In my opinion I'd rate his job performance an F.
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Post by suebeeee1 on Nov 20, 2015 10:42:01 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 Matt has been the voice of the company now for months. He is the one out front, arranging for the TASE deal. He is the one that everyone who emails the company goes to....and he answers! He has been the only one on the conference calls to portray any confidence and "hope". But, we don't need Matt to be promoted. We need someone to come in and take over who has a great track record with a positive reputation that WS can back. It would have been nice if the BOD had found a replacement before Hakan went. But clearly, he was fired. If it was mutual and both sides agreed, there would have been a replacement. Even if he was desperately ill and couldn't continue one more day, others would have covered for him while they found a new CEO. Nope...this was the Board finally taking action. I hope not too late!
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Post by trenddiver on Nov 20, 2015 10:43:32 GMT -5
Matt has done magnificently he is CFO not CEO. Without sales traction, he either hatched or managed the TASE deal , which with Al's loans gets us another 12 months. What more could you ask a CFO to do - he's staved off bankruptcy. This action today is Al working on the Sales side. Expect the relationship with SNY to get a lot more animated in the near term: they basically cant park Afrezza now and wait for MNKD to die (finances covered, and more aggressive CEO - either Al himself or newcomer) How about this for starters. He could have raised capital for the company when the SP was 10 not 2. If anyone is responsible for MNKD's low cash position and potential bankruptcy talk, it's Matt.
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Post by jeremg on Nov 20, 2015 10:44:14 GMT -5
HALLELUJAH, there may just be hope for us yet. Also I'm happy to be vindicated in my beliefs that management, specifically Hakan, has just been terrible for this company and a truly terrible CEO. Sorry Hakan.
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Post by themarlin on Nov 20, 2015 10:47:20 GMT -5
Question: By owning MNKD, do I own of TCIV? Or can TS be sold away from MNKD?
Thanks.
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Post by blindhog1 on Nov 20, 2015 10:48:35 GMT -5
Wonder if Chris Viehbacher was tied up with a non compete? Maybe that will settle the Sanofi question once and for all.
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Post by suebeeee1 on Nov 20, 2015 10:50:53 GMT -5
With all the positives regarding MNKD & Afrezza I would think plenty of people would LOVE to jump aboard Al's train! You're kidding...right? We have a great drug, loved by the early (now not so early) adopters, which has been stuck in the mud for 9 months now. This is going to be an epic battle trying to pull it out in a situation where SNY has all the rights. What is MNKD allowed to do to promote Afrezza? If we are looking for someone who can market Technosphere and get other Biotechs to partner with us with real cash up front, we are golden. Who will be able to do that? What Biotech at this moment will be willing to put up millions and millions of dollars to do the trials that will be necessary to get their drug to combine with Technosphere while Afrezza is not selling? My guess is that MNKDs CEO is also strongarmed by Al and others on the BOD. Most CEOs expect some autonomy. Do you think that will happen with Al in control? While he is brilliant and successful, what are the chances that he can execute for 2015 and beyond (as compared to 1965)? Some see that as a positive, I'm not so sure. We need a home run for our next CEO.
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Post by mindovermatter on Nov 20, 2015 10:50:54 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 Matt has been the voice of the company now for months. He is the one out front, arranging for the TASE deal. He is the one that everyone who emails the company goes to....and he answers! He has been the only one on the conference calls to portray any confidence and "hope". But, we don't need Matt to be promoted. We need someone to come in and take over who has a great track record with a positive reputation that WS can back. It would have been nice if the BOD had found a replacement before Haakan went. But clearly, he was fired. If it was mutual and both sides agreed, there would have been a replacement. Even if he was desperately ill and couldn't continue one more day, others would have covered for him while they found a new CEO. Nope...this was the Board finally taking action. I hope not too late! And there lies the problem. How many companies have their CFO also double as the company spokesman and censor of their CEO. Matt has had to hush up not just Al but Hakan as well. The company is in a serious tail spin and one can only wonder if it can get out of it before it crashes and burns.
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Post by blindhog1 on Nov 20, 2015 10:52:09 GMT -5
With all the positives regarding MNKD & Afrezza I would think plenty of people would LOVE to jump aboard Al's train! If you think about it long enough.....any new CEO worth his/her salt would demand to know what's going on before being offered the position. That would bring the total to 6.
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Post by themarlin on Nov 20, 2015 10:54:03 GMT -5
Maybe Valencia has sold, west coast operations are winding down, and Hakan doesn't want to move house and home to stay involved, so he resigns.
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Post by gamblerjag on Nov 20, 2015 10:54:43 GMT -5
Maybe this is what Matt whispered in Al" ear.. "Al... we can't say Hakam is gone by Thanksgiving"
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