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8-K
Nov 30, 2015 17:18:34 GMT -5
Post by biotec on Nov 30, 2015 17:18:34 GMT -5
Just another stomach churning thought, but what if Mr. Mann, which obviously is playing with a full deck, is not dumping more money into the venture because he now has information about acceptance, coverage, Sanofi, etc., that he did not have before and has determined this would not be in his best interest, financially speaking. Then why would he come back as CEO? Just to say good bye? I don't think so. Who else would be an interim CEO? I don't understand. Who else other then Al would be an interim CEO of MNKD? Matt?
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Post by cjc04 on Nov 30, 2015 17:23:55 GMT -5
I certainly hope all the stress on this board is a sign of near term capitulation, I know I'm there, and it's a sh;ty feeling.
As for the dropping share price, let's not forget that there is nothing causing buyers to buy the stock. Inexplicable low script numbers, one bad event after another and dead silence from the company for over a year. It will take buyers to raise the sp, and it will take a catalyst to bring the buyers.
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8-K
Nov 30, 2015 17:26:20 GMT -5
via mobile
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Post by cjc04 on Nov 30, 2015 17:26:20 GMT -5
Then why would he come back as CEO? Just to say good bye? I don't think so. Who else would be an interim CEO? I don't understand. Who else other then Al would be an interim CEO of MNKD? Matt? Do we really believe that this was an instant decision? I guess so if we really believe Hakan just quit one day, but I'm not buying that.
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Post by kbrion77 on Nov 30, 2015 17:32:15 GMT -5
At this point I'm considering the money I have remaining here already lost and just waiting until conclusion in order to explore a class action against these "silly" [out of respect for the moderator's ears] fools. The worst is currently happening (or at least we are on the "worst" trajectory) and once it's all said and done either a miracle will take place and I will come out whole (or dare I say, in the green) or I will get due justice through litigation, and that's how I'm currently able to sleep at night. I've made speculative investments before, some of which have been totally destroyed by shorting. It happens all the time. Even Cramer admits it. What I have a problem with here, is we are dealing with people that have Mensa-level IQs. They should really know better and have a little compassion for those of us who don't have the insider knowledge that "everything will be okay" (good example, xoxoxoxo who capitulated the last time the price was at these levels). Seriously, Al, we all love you and your accomplishments, but please, many retail investors without a long time horizon have been getting screwed and there will be plenty more. That's my message.... it's like corporate is in some underground bunker during WW3, waiting for GS and the hedgies to succumb to the radioactivity above... *attempt at humor... I am about as honest of a person as it comes and therefore would make a horrible CEO, not saying lying is a part of the job but you just can't be as honest as you want when you hold these positions and every word you say is critiqued. The American corporate world is absolute cut throat and in management once you lay your guard down you get squashed. Am I happy what the current situation is, absolutely not, but I do not need this management to tell me it's going to be ok, I need them to be on the phone with Sanofi 20 hours a day and I truly believe they are working for us. Seriously Mannkind is going up against the biggest bio pharma's in the world along with their wall street buddies, this is a true David vs. Goliath. No way do I believe Sanofi is quietly bleeding this company to buy it pennies on the dollar but if that is how it turns out than I just don't think I can blame management. Many analysts and also doctors believed Sanofi was the best partner for Afrezza prior to Mannkind signing with them. Tensions are high now, I bought this company with the intention of selling once they achieved about 4 licensing deals with big pharmas and are achieving significant royalty revenues. That will probably take another 15 years, and if they fail than I will put almost all of the blame on myself on this investment.
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8-K
Nov 30, 2015 17:35:17 GMT -5
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Post by nylefty on Nov 30, 2015 17:35:17 GMT -5
I certainly hope all the stress on this board is a sign of near term capitulation, I know I'm there, and it's a sh;ty feeling. As for the dropping share price, let's not forget that there is nothing causing buyers to buy the stock. Inexplicable low script numbers, one bad event after another and dead silence from the company for over a year. It will take buyers to raise the sp, and it will take a catalyst to bring the buyers. Dead silence? I thought the bashers' talking point was that the management was guilty of "deceit" and "lies." Hard to keep all the basher theories straight. I especially like the one that says this is all a plot so that powerful interests can load up at these low prices in order to cash in later when the stock price soars. I like that one because it will mean that my investment will pay off in a big way.
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Post by robsacher on Nov 30, 2015 17:47:25 GMT -5
I certainly hope all the stress on this board is a sign of near term capitulation, I know I'm there, and it's a sh;ty feeling. As for the dropping share price, let's not forget that there is nothing causing buyers to buy the stock. Inexplicable low script numbers, one bad event after another and dead silence from the company for over a year. It will take buyers to raise the sp, and it will take a catalyst to bring the buyers. I am buying. My horizon is two to three years up the road. I am betting that Al Mann will never let MannKind fail. I believe it unequivocally and I also believe that Afrezza will find its place in mainstream diabetes care. Sanofi will lower the price of Afrezza in 2016 and health care insurance providers will then allow Afrezza to be placed in preferred tier two formularies. Sanofi will also get a number of restrictions removed over the next 18-24 months. Afterward, Sanofi's DTC program will then see valuable returns. Investors can take a wait and see approach. Of course, by doing so, investors may also miss out on any grand moves Al Mann may make in the immediate future. The market is huge. Every article I have written about market considerations reveals that potential. Institutional investors in MNKD have predominantly held or added to their positions over the last several months. If that works for the professionals, then that works for me. I plan on continuing to add throughout 2016 as long as the price per share remains depressed. There is a Taoist expression, "To remain focused on the fly is to never see the horizon." Best wishes, RS
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8-K
Nov 30, 2015 17:49:38 GMT -5
Post by obamayoumama on Nov 30, 2015 17:49:38 GMT -5
I certainly hope all the stress on this board is a sign of near term capitulation, I know I'm there, and it's a sh;ty feeling. As for the dropping share price, let's not forget that there is nothing causing buyers to buy the stock. Inexplicable low script numbers, one bad event after another and dead silence from the company for over a year. It will take buyers to raise the sp, and it will take a catalyst to bring the buyers. Dead silence? I thought the bashers' talking point was that the management was guilty of "deceit" and "lies." Hard to keep all the basher theories straight. I especially like the one that says this is all a plot so that powerful interests can load up at these low prices in order to cash in later when the stock price soars. I like that one because it will mean that my investment will pay off in a big way. I expect we will have a mid Quarter update shortly, probably this week.
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Post by jeremg on Nov 30, 2015 17:50:03 GMT -5
mssciguy this is also not the first speculative biotech I have owned, I have owned many smaller companies with nothing even close to the potential of Afrezza in their pipeline and the way these companies handled PR - Investor Relations was flawless and professional throughout my time as an investor. I have gone through many stages of denial with this stock; for the first few months I had been invested, I blamed WS and the manipulating "shorts" and enjoyed my fair share of "pumptastic" buyout speculation both here and YMB, now I see that the "shorts" are and have always been just a side effect of a very "sick" company. The risk-taking that has gone on is unreal, it's as if the only investor is a 90yr old billionaire who has nothing to lose! (oh wait....). Why was this $2bil company dependent on a single product for that market cap as opposed to an entire pipeline based on the technology it was developed around? Why wasn't the flagship product courted with a better deal than what SNY had to offer? (as we've seen SNY pair-up with a lesser company offering a more lucrative deal for a GLP analogue?!) Why weren't there plans for contingencies - like running out of money before the "partnership" with SNY turned profitable? Why didn't they raise capital when the stock was many magnitudes higher than it is currently? ETC.ETC.ETC... Behind the answer to every single one of these questions lies incompetence and negligence by high-salaried executives who have and continue to treat retail money like an ATM on the fritz before the cops arrive. The latest news of the cushy severance Hakan is to receive after his booting was the final straw for me personally. Al is looking out for Al and Al's legacy, his next move which I expect to come soon, will not be pretty for retail shareholders (maximum dilution!), there simply is no other alternative (besides BK, which would not be in Al's best interest) to raising the needed capital, and I don't expect Al to fork over anymore of his own money out of sheer generosity towards his little retail investors [*cough*nats*cough*].
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8-K
Nov 30, 2015 17:55:41 GMT -5
Post by fedakd on Nov 30, 2015 17:55:41 GMT -5
Capitulation must be here. Crowd is getting tense!!!
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8-K
Nov 30, 2015 18:39:42 GMT -5
Post by jeremg on Nov 30, 2015 18:39:42 GMT -5
Just another stomach churning thought, but what if Mr. Mann, which obviously is playing with a full deck, is not dumping more money into the venture because he now has information about acceptance, coverage, Sanofi, etc., that he did not have before and has determined this would not be in his best interest, financially speaking. With what time Al has remaining I don't think he'd even consider this outcome of defeat - with regard to the actions he'd be willing or unwilling to take. I believe Al will do all he can, even to the point of taking absurd risks (which arguably he's already done), in order to keep his legacy alive. With that said, I believe he will do everything he can to preserve his own capital first at the expense of massive dilution, further severely eroding shareholder value. Even if the time comes to admit defeat, I could see Al spending those last hours in denial as opposed to bowing out gracefully, and I wouldn't blame him. Some on this board seek to ride the coattail of Al's determination and strong sense of self-preservation, but they are making a fatal mistake if they think the probable scenarios that may play out would leave retails in a good place. Al's interests do not necessarily equal shareholder interests but make no mistake Al will fight to the bitter end for his honor and legacy, and if he somehow is able to overcome ALL* these obstacles (ALL being obligatory*), we may see a $2bil market cap again [eventually].
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8-K
Nov 30, 2015 18:51:55 GMT -5
Post by ezrasfund on Nov 30, 2015 18:51:55 GMT -5
Al is unlikely to buy shares unless there is significant dilution, and he wants to maintain his ownership percentage. If it really looked like MNKD was going bankrupt I don't think Al would bail out the company. Remember it is operating expenses and debt service that is driving the $10 million/month cash burn. If MNKD went Chapter 11, and Al Mann paid off all the other note holders [which is less than $100 million to Deerfield et al.] he would own the company lock, stock and barrel. IMO
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Post by doodyfree on Nov 30, 2015 18:57:10 GMT -5
Al is unlikely to buy shares unless there is significant dilution, and he wants to maintain his ownership percentage. If it really looked like MNKD was going bankrupt I don't think Al would bail out the company. Remember it is operating expenses and debt service that is driving the $10 million/month cash burn. If MNKD went Chapter 11, and Al Mann paid off all the other note holders [which is less than $100 million to Deerfield et al.] he would own the company lock, stock and barrel. IMO All fine and dandy. Except for the fact that he will then screw all his long-time believers/backers/friends and the isrealis. I don't think Al will do this. Again, there is nothing in his history that would suggest he'll do this, not as a final act and especially when he has other options. And he does have options. I don't think you're right.
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8-K
Nov 30, 2015 19:00:34 GMT -5
Post by biotec on Nov 30, 2015 19:00:34 GMT -5
What do you mean by "call the shots?". Do you think that being the biggest stakeholder, owner, executive chairman of the BoD, CEO, and namesake of the company is currently inhibiting his ability to exert control of the company's operations? Call the shots means show some concern about others. Seriously. I was so intoxicated by the "think about the patients, the money will follow" attitude, but the fact is, not all of us are billionaires with money to burn. What is happening is reckless disregard for retail shareholders. Seriously, I am going to hold, but if there is an opportunity to participate in a lawsuit, I'll seriously consider it. A lot of retail shareholders that have sold have been screwed for large sums of money. This has to stop. The price is being manipulated to allow large buyers to move in and buy huge blocks at a discount. If you have any ideas about what to do here, I am all ears. It's like having my hands tied while a pickpocket swings around daily to take another pound of flesh. I have watched my warrants go from $2 to worthless in just a few months (although, if I had bought stock I'd be in worse shape).
That's wrong. You would of been better off with the stock.
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8-K
Nov 30, 2015 19:05:26 GMT -5
Post by compound26 on Nov 30, 2015 19:05:26 GMT -5
Al is unlikely to buy shares unless there is significant dilution, and he wants to maintain his ownership percentage. If it really looked like MNKD was going bankrupt I don't think Al would bail out the company. Remember it is operating expenses and debt service that is driving the $10 million/month cash burn. If MNKD went Chapter 11, and Al Mann paid off all the other note holders [which is less than $100 million to Deerfield et al.] he would own the company lock, stock and barrel. IMO All fine and dandy. Except for the fact that he will then screw all his long-time believers/backers/friends and the isrealis. I don't think Al will do this. Again, there is nothing in his history that would suggest he'll do this, not as a final act and especially when he has other options. And he does have options. I don't think you're right. Also, if that is the case why didn't Al let Mannkind go bankrupt when the company was faced with the 2nd CRL. By the logic of the above post, Al could have owned the whole company at a very good price by letting the company going bankrupt at that point.
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8-K
Nov 30, 2015 19:06:39 GMT -5
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Post by ezrasfund on Nov 30, 2015 19:06:39 GMT -5
Al is unlikely to buy shares unless there is significant dilution, and he wants to maintain his ownership percentage. If it really looked like MNKD was going bankrupt I don't think Al would bail out the company. Remember it is operating expenses and debt service that is driving the $10 million/month cash burn. If MNKD went Chapter 11, and Al Mann paid off all the other note holders [which is less than $100 million to Deerfield et al.] he would own the company lock, stock and barrel. IMO All fine and dandy. Except for the fact that he will then screw all his long-time believers/backers/friends and the isrealis. I don't think Al will do this. Again, there is nothing in his history that would suggest he'll do this, not as a final act and especially when he has other options. And he does have options. I don't think you're right. I agree that Al will not do this if he has other options. But plunking down another $30 million for 3 more months of the same and then facing an empty bank account again is not really an option. I believe in the science and the medicine, but I am no longer so sure about the business. I never thought the day would come when Al and all the forces he could muster were still under-capitalized, but it might be just over the horizon.
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