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Post by Deleted on Jan 5, 2016 13:19:18 GMT -5
Sorry to all who are suffering today (and lately) with mnkd. Dark days for sure. Nobody wants to hear about learning lessons when a day like today happens but this is exactly the time to evaluate your process and look clearly at what the issue is. All the signs were there, it's just a matter of how one looks at it which is a 50/50 proposition at best for all kinds of reasons. Know that a person can do everything "right" and still be wrong in the end. It's not logical but it's often true. In any event, breath deep, appreciate the things you have in your life, and know that the darkest of days are always followed by sunshine. There will be other opportunities, other moments, other chances to achieve your investment goals.
There will be a dead cat bounce - there always are in these situations. Don't sell your position at the bottom. Wait a few days (IF you plan on selling at all that is) and be patient for the bounce. It might not seem like much, but.....
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Post by Deleted on Jan 5, 2016 13:24:38 GMT -5
I thought a short covering would support at a buck but obviously I continue to be wrong. Institutional Shorts have no reason to cover they can see this to zero.
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Post by mnkdmorelong on Jan 5, 2016 13:31:20 GMT -5
The theater of interest is now the 4:30 pm teleconference. Something rational and positive must come from the meeting. Otherwise the stock does the drip drip drip lower.
On the assumption MNKD knew well in advance, we will hear the best possible news that planning can create.
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Post by Deleted on Jan 5, 2016 13:35:01 GMT -5
The only news that means anything at this stage is how is mnkd going to support the balance sheet, and, how is mnkd going to get past the gatekeepers and get to tier 2 status on the major insurance carriers. Frankly, if they simply tackle the cash issue one could reasonably take a long position at this stage because the insurance coverage issue is just a problem to be solved over time. Enough cash to get them there is the major number one issue at the moment. The next few weeks will be interesting in that front.
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Post by nuklerfizzacist on Jan 5, 2016 13:37:29 GMT -5
The theater of interest is now the 4:30 pm teleconference. Something rational and positive must come from the meeting. Otherwise the stock does the drip drip drip lower. On the assumption MNKD knew well in advance, we will hear the best possible news that planning can create. Per the agreement, mannkind knew 90 days ago...I'm thinking they have not been sitting on their hands that entire time, honestly I'm not sure why anyone would think that unless they have an agenda.. if the shoe fits wear it. :-) not pointing that at anyone specifically.. |
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Post by nuklerfizzacist on Jan 5, 2016 13:40:19 GMT -5
Sorry to all who are suffering today (and lately) with mnkd. Dark days for sure. Nobody wants to hear about learning lessons when a day like today happens but this is exactly the time to evaluate your process and look clearly at what the issue is. All the signs were there, it's just a matter of how one looks at it which is a 50/50 proposition at best for all kinds of reasons. Know that a person can do everything "right" and still be wrong in the end. It's not logical but it's often true. In any event, breath deep, appreciate the things you have in your life, and know that the darkest of days are always followed by sunshine. There will be other opportunities, other moments, other chances to achieve your investment goals. There will be a dead cat bounce - there always are in these situations. Don't sell your position at the bottom. Wait a few days (IF you plan on selling at all that is) and be patient for the bounce. It might not seem like much, but..... Saavy indeed. |
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Post by Deleted on Jan 5, 2016 13:52:01 GMT -5
The theater of interest is now the 4:30 pm teleconference. Something rational and positive must come from the meeting. Otherwise the stock does the drip drip drip lower. On the assumption MNKD knew well in advance, we will hear the best possible news that planning can create. Per the agreement, mannkind knew 90 days ago...I'm thinking they have not been sitting on their hands that entire time, honestly I'm not sure why anyone would think that unless they have an agenda.. if the shoe fits wear it. :-) not pointing that at anyone specifically.. I haven't looked at the details recently and my memory on it is a bit fuzzy, but, if I recall correctly and pls correct me if I am wrong, the soonest sny could inform mnkd of bailing was jan 1st 2016, not 90 days prior to jan 1st. From here they have time for the transition back to mnkd and maybe that's where you are getting 90 days from? We'll never know for sure, but, my guess is that mnkd had no formal knowledge until today (or since jan 1st). If they knew for 90 days that today was going to happen, they would be required to inform investors. The CTO covered details of the contract such as pricing, not whether SNY would bail or not - that wasn't blocked from investors view. |
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Post by nuklerfizzacist on Jan 5, 2016 14:03:56 GMT -5
Per the agreement, mannkind knew 90 days ago...I'm thinking they have not been sitting on their hands that entire time, honestly I'm not sure why anyone would think that unless they have an agenda.. if the shoe fits wear it. :-) not pointing that at anyone specifically.. I haven't looked at the details recently and my memory on it is a bit fuzzy, but, if I recall correctly and pls correct me if I am wrong, the soonest sny could inform mnkd of bailing was jan 1st 2016, not 90 days prior to jan 1st. From here they have time for the transition back to mnkd and maybe that's where you are getting 90 days from? We'll never know for sure, but, my guess is that mnkd had no formal knowledge until today (or since jan 1st). If they knew for 90 days that today was going to happen, they would be required to inform investors. The CTO covered details of the contract such as pricing, not whether SNY would bail or not - that wasn't blocked from investors view. Yes, the wording in the agreement is somewhat ambiguous...not sure which way to read the 90 days..the actions of bringing in new leadership seems indicative of some knowledge of today's scenario as does the timing of his official first day. . |
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Post by Deleted on Jan 5, 2016 14:14:44 GMT -5
hmmm....I was thinking that it was hakan's poor performance as a communicator, a leader that got him canned. If mnkd knew 3 months ago and that's why they fired hakan, then I believe there would be serious grounds for a lawsuit for not disclosing relevant information to their investors (knowing sny was going to dump mnkd).
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Post by nuklerfizzacist on Jan 5, 2016 14:24:11 GMT -5
hmmm....I was thinking that it was hakan's poor performance as a communicator, a leader that got him canned. If mnkd knew 3 months ago and that's why they fired hakan, then I believe there would be serious grounds for a lawsuit for not disclosing relevant information to their investors (knowing sny was going to dump mnkd). I was wrong on the 90 day thing. ..still think they had some unofficial feeling it was on the horizon though...do you believe in coincidences? |
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Post by Deleted on Jan 5, 2016 14:24:18 GMT -5
hmmm....I was thinking that it was hakan's poor performance as a communicator, a leader that got him canned. If mnkd knew 3 months ago and that's why they fired hakan, then I believe there would be serious grounds for a lawsuit for not disclosing relevant information to their investors (knowing sny was going to dump mnkd). Theres def a lawsuit coming regardless. I mentioned in another post that yesterday I thought to myself thats odd, the day the new Ceo can start is the first day SNY can terminate. Hakan clearly stated things were fine between SNY and MNKD and that they had plans into 2016. From SNY's press release it couldn't sound further from the truth. |
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Post by Deleted on Jan 5, 2016 14:28:14 GMT -5
hmmm....I was thinking that it was hakan's poor performance as a communicator, a leader that got him canned. If mnkd knew 3 months ago and that's why they fired hakan, then I believe there would be serious grounds for a lawsuit for not disclosing relevant information to their investors (knowing sny was going to dump mnkd). I was wrong on the 90 thing. ..still think they had some unofficial inkling it was on the horizon though...do you believe in coincidences? I think that's probably more the case - mnkd had an inkling. Heck, al has been around a long time and no doubt has friends in high places, he might have received a tip from someone in the know and tried to do what he could to get mnkd settled in a better direction. But, getting some cash on the balance sheet is the key here. I wonder what happens to the 150 million upfront sny payment to mnkd? Isn't that cash still sitting on the balance sheet somewhere as a liability due to accounting reasons? |
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Post by silentknight on Jan 5, 2016 14:31:59 GMT -5
hmmm....I was thinking that it was hakan's poor performance as a communicator, a leader that got him canned. If mnkd knew 3 months ago and that's why they fired hakan, then I believe there would be serious grounds for a lawsuit for not disclosing relevant information to their investors (knowing sny was going to dump mnkd). Theres def a lawsuit coming regardless. I mentioned in another post that yesterday I thought to myself thats odd, the day the new Ceo can start is the first day SNY can terminate. Hakan clearly stated things were fine between SNY and MNKD and that they had plans into 2016. From SNY's press release it couldn't sound further from the truth. Sanofi could have notified MNKD yesterday or even January 1 if they wanted to. They didn't. They did it today, which is also the date of the CEO's first day. That might be a coincidence, but I don't think it is. If MNKD didn't know, and Sanofi terminated on the start of the first day of a new CEO's tenure, then they're even bigger dicks than I ever imagined. |
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Post by nuklerfizzacist on Jan 5, 2016 14:36:37 GMT -5
I was wrong on the 90 thing. ..still think they had some unofficial inkling it was on the horizon though...do you believe in coincidences? I think that's probably more the case - mnkd had an inkling. Heck, al has been around a long time and no doubt has friends in high places, he might have received a tip from someone in the know and tried to do what he could to get mnkd settled in a better direction. But, getting some cash on the balance sheet is the key here. I wonder what happens to the 150 million upfront sny payment to mnkd? Isn't that cash still sitting on the balance sheet somewhere as a liability due to accounting reasons? Read somewhere on this forum that that $ is now mannkinds...but my track record on details of the agreement are not real good today. .. getting back to this inkling/ forewarning issue, I'll venture to say the presentation this afternoon has been well rehearsed...i.e. they are prepared. |
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Post by kball on Jan 5, 2016 14:37:23 GMT -5
Theres def a lawsuit coming regardless. I mentioned in another post that yesterday I thought to myself thats odd, the day the new Ceo can start is the first day SNY can terminate. Hakan clearly stated things were fine between SNY and MNKD and that they had plans into 2016. From SNY's press release it couldn't sound further from the truth. Sanofi could have notified MNKD yesterday or even January 1 if they wanted to. They didn't. They did it today, which is also the date of the CEO's first day. That might be a coincidence, but I don't think it is. If MNKD didn't know, and Sanofi terminated on the start of the first day of a new CEO's tenure, then they're even bigger dicks than I ever imagined. Based on the stock price, my assumption is the first week of november is when Mannkind was aware the relationship would terminate. |
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