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Post by u1682002 on Jan 5, 2016 12:03:48 GMT -5
Before or after Hakan resigned?
Before or after New CEO hiring?
Does new CEO know this news before he accepted this position?
Please tell us your thoughts?
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Deleted
Deleted Member
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Post by Deleted on Jan 5, 2016 12:06:47 GMT -5
does it matter? They knew @ some point of time and had to get Hakan down and some one else who had done this before
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Post by factspls88 on Jan 5, 2016 12:14:15 GMT -5
Before or after Hakan resigned?
Before or after New CEO hiring?
Does new CEO know this news before he accepted this position?
Please tell us your thoughts? [br IMO: Before Before Yes (no way he was not apprised of the situation)
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Post by mnkdnewb on Jan 5, 2016 12:17:37 GMT -5
you know when someone is getting let go at a company before it happens (MNKD / SNY) even if it isn't said. Because MNKD was part of a marketing group with SNY, i'm sure they could tell SNY wasn't giving it their best efforts. But, to answer your questions, imho i belive MNKD was told (or knew without a doubt) that the partnership would be over at least a few months ago. Based on how quickly DeSisto was hired after Hakan was let go / stepped down, they knew before all of it and were making plans for this exact situation and knew the exact day it would be made public. Yes, yes and yes. And if DeSisto didn't know, i don't see him being around for the phone conference later today. I'm "only" down $70,000 right now, yesterday was $50,000: both suck. Can only lose another $30,000 i'll take my chances that it goes up from here. i just hope we are able to announce a new partner before the termination is finalized...
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Post by u1682002 on Jan 5, 2016 12:19:02 GMT -5
I do feel this is important and I am trying to use this to reason with myself whether or not BK is coming next. The package to keep Hakan around till 2017 and the package to hire Desisto seem suggest to me MNKD might not know this coming so soon. On the other hand, if MNKD indeed knew this before, then I would say it could be MNKD that forced this breakup.
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Post by mnkdmorelong on Jan 5, 2016 12:29:37 GMT -5
Before or after Hakan resigned?
Before or after New CEO hiring?
Does new CEO know this news before he accepted this position?
Please tell us your thoughts? If one day your spouse tells you (s)he wants a divorce, is it a surprise? MNKD knew, Desisto knew. I think Hakan got fired for his pleading "we need to talk" statement. It showed desperation.
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Post by mnholdem on Jan 5, 2016 12:47:44 GMT -5
Hakan didn't get fired.
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Post by mnkdmorelong on Jan 5, 2016 12:50:13 GMT -5
He is no longer CEO. What words do you use to describe his leaving the post?
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Post by smwill77 on Jan 5, 2016 12:50:36 GMT -5
Are you the new lakers now? While there is no way of knowing why hakan left I have feeling he didn't leave on his own accord for the sake of Afrezza's survival. I understand hakan is a nice guy but nobody is that nice... At least nobody should be that nice in the position Al Mann put him in.
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Post by mnholdem on Jan 5, 2016 12:58:48 GMT -5
You're talking "feelings"? I'm talking SEC filings by MannKind Corporation. Hakan Edstrom did not get fired. He resigned his CEO and Director positions and remains an employee.
When people say he was fired they are speculating. Besides, companies don't fire a CEO, then keep them on the payroll.
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Post by nuklerfizzacist on Jan 5, 2016 13:00:50 GMT -5
From the agreement...(thanks petech on a different folder) If, at any time on or after January 1, 2016, Sanofi determines in good faith that Commercialization of Product is no longer economically viable in the United States, then Sanofi may terminate this Agreement in its entirety upon delivery of at least ninety (90) days’ prior written notice to MannKind. Read more: mnkd.proboards.com/thread/4693/agreements#ixzz3wOT7gbc3
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Post by mindovermatter on Jan 5, 2016 13:03:54 GMT -5
From the agreement...(thanks petech on a different folder) If, at any time on or after January 1, 2016, Sanofi determines in good faith that Commercialization of Product is no longer economically viable in the United States, then Sanofi may terminate this Agreement in its entirety upon delivery of at least ninety (90) days’ prior written notice to MannKind. Read more: mnkd.proboards.com/thread/4693/agreements#ixzz3wOT7gbc3ok so that might mean SNY isn't totally out of the picture but won't be marketing it in the US of A. Nevermind, just read the details and if I understand it correctly, the entire partnership is being dissolved and SNY will not market this in any other country.
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Post by nylefty on Jan 5, 2016 13:05:55 GMT -5
He is no longer CEO. What words do you use to describe his leaving the post? Demoted.
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Post by kbrion77 on Jan 5, 2016 13:16:00 GMT -5
From the agreement...(thanks petech on a different folder) If, at any time on or after January 1, 2016, Sanofi determines in good faith that Commercialization of Product is no longer economically viable in the United States, then Sanofi may terminate this Agreement in its entirety upon delivery of at least ninety (90) days’ prior written notice to MannKind. Read more: mnkd.proboards.com/thread/4693/agreements#ixzz3wOT7gbc3I always had my doubts on initial sales in US because of the Insurance restrictions, etc. What I thought Sanofi would do is fast track to sell around the rest of the world because that's where the market share is. I hope for a strong, defiant conference call at 4:30 but that might be asking for too much. Either there is something tremendously wrong with Afrezza and of course us retail shareholders don't know about or we are just contentiously stomped on by big business.
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Post by nuklerfizzacist on Jan 5, 2016 13:17:19 GMT -5
I think the real question might be when did sanofi know. Tin foil hat on....maybe they never really intended for it to succeed. Maybe, that's why Karp et.al.were so damn confident. I think some posted on here that if afrezza were allowed to succeed many suboptimal treatments would suffer sales declines...i.e. not killing their golden geese..this applies to all BP...cynical i know but it seems to add up....huge short interest, Sanofi's half arsed effort. .etc. Btw, im still hanging in...not selling, buying when i can. I think there will be some positive news in the future. ..i still believe in the product. Btw...I know it's tough on the traders here..who will say what they want to hear as justification for their operations and subsequently really feel lousy about their losses and look for goats, and also giddy about their profits when they are the saavy dudes on the board, but as an investor, I'm still going to sleep okay tonight.
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