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Post by garrett on Dec 9, 2015 10:44:49 GMT -5
Rob: The real issue is not Afrezza being successful in the coming years, it's MannKind's cash burn at around 8MM a month. That's just crazy! Why isn't management substantially cutting costs to a more manageable cash burn level to reduce this risk?
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Post by mssciguy on Dec 9, 2015 10:52:12 GMT -5
garrett I suppose that would be very easy if they focused their efforts on just one or two applications, right? They did a lot of cutting over the past few years. A huge Mannkind alumni club is out there (for better or worse). My guess is they're working on several candidates (for better or worse). All pointless speculation, I just can't watch this any more. Have wonderful day, y'all
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Post by lakemann on Dec 9, 2015 10:57:25 GMT -5
Well, I have no friends that are billionaires , except AL,,. And he don't even know me. I am so grateful to sit in a billionaires pocket and wait for his next move. Only in America is this opportunity possible. And for a buck and a half to do it seems outlandishly crazy. But here I sit full of joy this holiday season. Just waiting and watching my friends next move. Best money I ever spent, the ride alone has been fantastic, with its ups and downs. So much better than buying a car, truck for 50G and it depreciates on me. So I guess I sit in my buddy's pocket, watch and learn how billionaires make their money and hopefully by next Christmas ,, I can call myself somewhat wealthy. Good luck to ya AL,, and all the other longs in your pocket. Happy holidays to all.
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Post by dreamboatcruise on Dec 9, 2015 11:13:17 GMT -5
robsacher... just to be clear on your strategy. Are you confident that the stock will not go significantly lower than where we are today, potentially with the catalyst of needing to raise more money through a market secondary... or is the strategy simply in knowing that you have enough money relative to the current size of your position that even if it is significantly lower perhaps with a lot of dilution you can put in more to maintain or increase your relative share? I think many of us are simply tapped out in our ability to constantly try to average down. I'm of the camp, as are several I think that don't necessarily sound super optimistic, that Afrezza will succeed... just uncertain how nasty the PPS will be before then and how much dilution might occur. I know there are two theories regarding why dilution isn't a significant worry... 1) MNKD actually raised money using ATM at better valuation and just haven't told us about it. 2) A TS deal comes through with upfront money Certainly either of those would be a nice positive at this point and help us find a floor. Maybe today is a floor since we've basically been driven back to our all time low?
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Post by dreamboatcruise on Dec 9, 2015 11:21:13 GMT -5
Based on some of the comments here, I'm getting the feeling the board needs a feature whereby everyone has to declare whether they are buy or hold and threads are segregated so you can only see/post on the ones for your group. Kinda pointless to have threads where you have two groups each with fingers in their ears when they hear the other... that's turning into American politics.
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Post by mechstan on Dec 9, 2015 11:49:52 GMT -5
I don't understand why people feel the need to continue to be so pessimistic about MNKD at this point. If you are the pessimistic kind, you would already have sold when MNKD dropped to $2 or close to $2 PPS. At this point, your negative views about MNKD will not convince any longs to sell.
I have lost, on paper, 2/3 of my original investment. Nothing that anyone can say right now would make me sell because what I get back would practically be nothing. And that's how I feel about all the other longs who are still holding.
The people who are still holding at this price are hoping for something positive to occur and that's what this thread is for. Yet we still have people putting in their 2 cents that there's no hope for MNKD. If you think there's no hope for MNKD, why are you here? I didn't see that many people here telling the longs to sell when MNKD was at $11.48/share.
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Post by edvarney on Dec 9, 2015 12:07:37 GMT -5
Robert, Thank you sir for posting at this time... I have been an avid follower now for some time of all your writings.. I understand how everyone feels today about the entire picture being painted for MNKD. Afrezza has come through a terrific head wind over the years, too much to repost here today; But, it is now in the hands of a major Co. who can ultimately get it placed in the market where it is so badly needed by diabetics. I too believe in Afrezza and Al Mann, and the early adopters of this product are now proving to and for Sanofi what needed to be done to go forward with marketing it.. I agreed with you that time will be needed for the task ahead of Afrezza, but, it will be found to be an answer to diabetics that no one has ever offered and so effective to control the disease!! .
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Post by garrett on Dec 9, 2015 12:11:01 GMT -5
I don't understand why people feel the need to continue to be so pessimistic about MNKD at this point. If you are the pessimistic kind, you would already have sold when MNKD dropped to $2 or close to $2 PPS. At this point, your negative views about MNKD will not convince any longs to sell. I have lost, on paper, 2/3 of my original investment. Nothing that anyone can say right now would make me sell because what I get back would practically be nothing. And that's how I feel about all the other longs who are still holding. The people who are still holding at this price are hoping for something positive to occur and that's what this thread is for. Yet we still have people putting in their 2 cents that there's no hope for MNKD. If you think there's no hope for MNKD, why are you here? I didn't see that many people here telling the longs to sell when MNKD was at $11.48/share. mechstan: You don't have any losses until you sell and don't have a crystal ball. So, just take it easy!
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Post by irrationalexubera on Dec 9, 2015 12:29:43 GMT -5
I am the same Rob Sacher as you know of as the owner of Luna Lounge and the author of Wake Me When It's Over. It's really me. that's awesome, rob. i partied a ton at luna from 99-03 when i lived in williamsburg. that was one of our favorite spots. wish i had been into the national at the time -- only been onboard since high violet. might just have to get a copy of the book and have you sign it for me!
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Post by dreamboatcruise on Dec 9, 2015 12:34:37 GMT -5
I don't understand why people feel the need to continue to be so pessimistic about MNKD at this point. If you are the pessimistic kind, you would already have sold when MNKD dropped to $2 or close to $2 PPS. At this point, your negative views about MNKD will not convince any longs to sell. I have lost, on paper, 2/3 of my original investment. Nothing that anyone can say right now would make me sell because what I get back would practically be nothing. And that's how I feel about all the other longs who are still holding. The people who are still holding at this price are hoping for something positive to occur and that's what this thread is for. Yet we still have people putting in their 2 cents that there's no hope for MNKD. If you think there's no hope for MNKD, why are you here? I didn't see that many people here telling the longs to sell when MNKD was at $11.48/share. Most of the people with "pessimistic" views here are people that have held MNKD for quite awhile and aren't selling now themselves... so why do you think they are wanting or expecting others to sell. I've lost similar percentage of investment as you. I'm planning on holding based on what I know now, just like you. I too hope for these things. I do recognize the difference between hope and a fact based expectation. I also worry about less beneficial outcomes. I personally believe it reasonable to have a thread that discusses both hopes and worries rather than one or the other. Investing is about that balance... and in very speculative stocks, it is also simply about how one deals with the two emotionally. Maybe for some totally ignoring worries is how they best deal with things... but that seems odd, especially with regard to an investment.
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Post by mnkdfann on Dec 9, 2015 13:01:14 GMT -5
No game, as I said he is using another Rob Sacher's avatar. He fooled me into thinking a famous night club owner and author by the name of Rob Sacher was supporting MNKD. So how on earth do you think that is NOT deceptive? What is YOUR game that you support deception? I am the same Rob Sacher as you know of as the owner of Luna Lounge and the author of Wake Me When It's Over. It's really me. Fair enough, thanks. I was confused because I believe your SA avatar has a beard / goatee.
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Post by robsacher on Dec 9, 2015 23:19:01 GMT -5
robsacher ... just to be clear on your strategy. Are you confident that the stock will not go significantly lower than where we are today, potentially with the catalyst of needing to raise more money through a market secondary... or is the strategy simply in knowing that you have enough money relative to the current size of your position that even if it is significantly lower perhaps with a lot of dilution you can put in more to maintain or increase your relative share? I think many of us are simply tapped out in our ability to constantly try to average down. I'm of the camp, as are several I think that don't necessarily sound super optimistic, that Afrezza will succeed... just uncertain how nasty the PPS will be before then and how much dilution might occur. I know there are two theories regarding why dilution isn't a significant worry... 1) MNKD actually raised money using ATM at better valuation and just haven't told us about it. 2) A TS deal comes through with upfront money Certainly either of those would be a nice positive at this point and help us find a floor. Maybe today is a floor since we've basically been driven back to our all time low? No, I think the stock can certainly continue to go lower for awhile. And, yes, as the share price falls I can add more shares to my position. But, my investment is not for today or tomorrow. My investment is for 2017 or 2018. And, I have no fear that the company will ever run out of money. Since I firmly believe that Afrezza will be very successful, adding shares at any price under $2 is very attractive to me.
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Post by robsacher on Dec 9, 2015 23:25:02 GMT -5
I am the same Rob Sacher as you know of as the owner of Luna Lounge and the author of Wake Me When It's Over. It's really me. Fair enough, thanks. I was confused because I believe your SA avatar has a beard / goatee. I am sporting a goatee lately…
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Post by Deleted on Dec 10, 2015 0:38:36 GMT -5
Rob - As you pointed out, MannKind is an investment for 2017 and is unlikely to become insolvent as Afrezza scripts increase and TS partnerships are announced. Unfortunately, people focus on the current share price because it is continuously available, and struggle to see beyond the moment. I am no exception, every drop causes anxiety, but at the end of the day I remind myself the reasons I INVESTED in MannKind; which are the ones you pointed out. A glass of wine or two also helps. Cheers!
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Post by inittowinit on Dec 10, 2015 1:31:03 GMT -5
I'm with ya fellas. Hero or zero, I'm all in.
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