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Post by mbracket123 on Jan 8, 2016 23:51:49 GMT -5
They had Al back on the site within minutes of the announcement in November with Hakan leaving. Very bad sign that it is not up.
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Post by lorcan458 on Jan 9, 2016 0:06:52 GMT -5
Change of CEO is a material event. It would be reported as a legal requirement. My bet is DeSisto, Matt and the rest of senior leadership are working 18 hour days getting ready for Wednesday and Mannkind has such poor marketing and PR that most likely no one who is authorized has made updating the website a priority. Wednesday is a huge day for the future of the company.
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Post by nylefty on Jan 9, 2016 0:07:59 GMT -5
They had Al back on the site within minutes of the announcement in November with Hakan leaving. Very bad sign that it is not up. Is it possible that all the whining and outright bashing being done on this and other boards is doing more harm than the fact that the MannKind website hasn't been updated? I believe so.
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Post by lyric14882 on Jan 9, 2016 0:14:25 GMT -5
The company is getting slaughtered and they can't update their website with accurate CEO information? Really??? A few possible explanations for this lack of website update: 1. They are just clueless and don't know 'little things' like having the wrong CEO listed on their website is confusing and does them harm. Possible? or 2. They don't have the HR 'talent' to update their website. Less likely? or 3. Al Mann still is the CEO and the January 5th start date for their new guy isn't working out since Sanofi walked. Highly possible? Which one is better from an investment point of view? Under which scenario would you invest? Before anyone calls me a basher who can argue with these simple possibilities? I'll have to go with one because I've just been reminded by a friend that many times Matt has had to be reminded to up date the website. This is a publicly traded company!!!! Matt should not have to be reminded to update the website. That is not Matt's job. But in case that is his job here is the code, someone email it to him.....<p align=left><img alt="" src="/Collateral/Images/English-US/Duane_DeSisto_thumbnail.jpg"></p> <h3>Duane M. DeSisto</h3> <p>Duane M. DeSisto is our Chief Executive Officer. <br><a href="/about-us-executive-management-duane.htm" target=_self>more</a></p></td> <td class=table-row style="WIDTH: 25%" vAlign=top align=left> Read more: mnkd.proboards.com/thread/4807/dd-attending-jpm-conference#ixzz3wim0WXcQ
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Post by Chris-C on Jan 9, 2016 0:49:19 GMT -5
They had Al back on the site within minutes of the announcement in November with Hakan leaving. Very bad sign that it is not up. Is it possible that all the whining and outright bashing being done on this and other boards is doing more harm than the fact that the MannKind website hasn't been updated? I believe so. NYLefty I'm sad to agree, but sometimes it does seem impossible for the bashers to let things alone and allow events take their course. I imagine that in the unfortunate event that Mannkind DOES declare bankruptcy, these bashers will still be posting FUD...swinging at phantom piñatas. Many persons with diabetes will be harmed if Afrezza ceases to become available, so such a prospect is troubling to me. The only silver lining to any situation where the dark forces prevail, it seems, will be to not have to endure some of the incessantly negative posts on ProBoard. Admins, perhaps it's time to lock this thread. Chris C
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Post by mbracket123 on Jan 9, 2016 0:58:04 GMT -5
Its not a bash, but an observation that they haven't updated the site. I assume they are working thru the fact that Duane has second thoughts if hasn't already outright said he is leaving, but hasn't done it officially to let the company work a plan and how to communicate. I hope I am wrong, but we have all been missing the obvious clues to this point and this seems similar.
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Post by jpg on Jan 9, 2016 0:58:06 GMT -5
The company is getting slaughtered and they can't update their website with accurate CEO information? Really??? A few possible explanations for this lack of website update: 1. They are just clueless and don't know 'little things' like having the wrong CEO listed on their website is confusing and does them harm. Possible? or 2. They don't have the HR 'talent' to update their website. Less likely? or 3. Al Mann still is the CEO and the January 5th start date for their new guy isn't working out since Sanofi walked. Highly possible? Which one is better from an investment point of view? Under which scenario would you invest? Before anyone calls me a basher who can argue with these simple possibilities? I'll have to go with one because I've just been reminded by a friend that many times Matt has had to be reminded to up date the website. If it really is # 1 it's simply negligent and sloopy. Incompetent isn't out of place for this type of oversight.
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Post by mbracket123 on Jan 9, 2016 0:59:00 GMT -5
Its not a bash, but an observation that they haven't updated the site. I assume they are working thru the fact that Duane has second thoughts if hasn't already outright said he is leaving, but hasn't done it officially to let the company work a plan and how to communicate. I hope I am wrong, but we have all been missing the obvious clues to this point and this seems similar.
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Post by seanismorris on Jan 9, 2016 1:09:28 GMT -5
When I was running the IT for a public company, I had a marking person update the website. If the marking person wasn't available, a secretary, or the HR person, etc. etc. Really, the only reason I sometimes did it myself was because it was faster than sending an email and checking to see it got done. A 5 year old could do it... In this case, because it's a BIO it's HRs responsibility.
Not once did the CFO update the website. He had more important things to do.
All this shows is MannKind is still dysfunctional. The sooner the new CEO takes the reins the better.
MannKinds HR has been MIA for a long time. The new CEO has a lot of firing to do...
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Post by stevil on Jan 9, 2016 2:23:29 GMT -5
Is it possible that all the whining and outright bashing being done on this and other boards is doing more harm than the fact that the MannKind website hasn't been updated? I believe so. NYLefty I'm sad to agree, but sometimes it does seem impossible for the bashers to let things alone and allow events take their course. I imagine that in the unfortunate event that Mannkind DOES declare bankruptcy, these bashers will still be posting FUD...swinging at phantom piñatas. Many persons with diabetes will be harmed if Afrezza ceases to become available, so such a prospect is troubling to me. The only silver lining to any situation where the dark forces prevail, it seems, will be to not have to endure some of the incessantly negative posts on ProBoard. Admins, perhaps it's time to lock this thread. Chris C Sorry to pick on you Chris... Nothing personal... But I don't understand why all the hatred for this so called "FUD". If we'd all have correctly identified what has transpired not as "FUD" but as "truth" months ago, we could have avoided this mess altogether. At what point do we start calling "FUD" truth? People were mocking the FUDsters just last week saying that they were so glad the new year had come and gone so they didn't have to keep hearing about the termination of agreement with SNY. The true enemy never gets properly identified. When we fail to learn from our mistakes, history is bound to repeat itself. I say we need more "FUD" (but not FUD).
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Post by jurystillout on Jan 9, 2016 5:24:37 GMT -5
They had Al back on the site within minutes of the announcement in November with Hakan leaving. Very bad sign that it is not up. Is it possible that all the whining and outright bashing being done on this and other boards is doing more harm than the fact that the MannKind website hasn't been updated? I believe so. Most people on this board look at any comment that is not pumping the stock as coming from some evil basher, however where would your portfolio be if you had listened to the honest critical advice of those bashers instead of the perpetual pumper. Which one has done more harm, which one has provided more realist information, who is evil?
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Post by peppy on Jan 9, 2016 6:15:54 GMT -5
They had Al back on the site within minutes of the announcement in November with Hakan leaving. Very bad sign that it is not up. In connection with his appointment as our President and Chief Executive Officer, we entered into an offer letter agreement with Mr. DeSisto pursuant to which we agreed to provide Mr. DeSisto with the following compensation: (i) annual base salary of $600,000; (ii) eligibility to receive annual discretionary bonuses, with a guaranteed minimum bonus of $400,000 for his service as our Chief Executive Officer in 2016; and (iii) subject to the approval by our board of directors, the grant of a stock option to purchase 8,000,000 shares of our common stock under our 2013 Equity Incentive Plan (the “Plan”), at an exercise price equal to the closing price of our common stock on the date of grant. Twenty-five percent of the shares subject to the stock option will vest one year following the date Mr. DeSisto commences employment with us, and the balance of the shares will vest in equal monthly installments over the following three years, subject in each case to Mr. DeSisto’s continued service with us. In addition, one-half of the shares subject to the stock option will be exercisable only once our stock price has reached a 25% premium over the per share exercise price of the stock option for 30 consecutive days. The foregoing option will be evidenced by a Stock Option Grant Notice and Option Agreement, which, together with the Plan, will set forth the terms and conditions of the foregoing option.
We also agreed to defend and indemnify Mr. DeSisto for any and all costs, fees, expenses and liabilities Mr. DeSisto may incur arising out of or relating to any action or proceeding initiated by Mr. DeSisto’s former employer, Insulet, to enforce any or all noncompetition and/or nonsolicitation obligations that he may have with respect to Insulet pursuant to certain agreements between Mr. DeSisto and Insulet,
On December 22, 2015, we appointed Duane M. DeSisto as our President and Chief Executive Officer, effective January 5, 2016. Mr. DeSisto was also appointed to our board of directors effective upon his commencement of employment with us as our President and Chief Executive Officer. Alfred E. Mann concurrently notified us of his decision to resign as our interim Chief Executive Officer, effective January 5, 2016.
www.sec.gov/Archives/edgar/data/899460/000119312515416087/d76188d8k.htm
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Post by jimo on Jan 9, 2016 7:15:12 GMT -5
Is it possible that all the whining and outright bashing being done on this and other boards is doing more harm than the fact that the MannKind website hasn't been updated? I believe so. Most people on this board look at any comment that is not pumping the stock as coming from some evil basher, however where would your portfolio be if you had listened to the honest critical advice of those bashers instead of the perpetual pumper. Which one has done more harm, which one has provided more realist information, who is evil? jury - i remember a poster saying everything was priced in at $10 and if it doesn't run on approval it can slide to $4.50. He was dead on and nobody wanted to hear him, including me. A negative view point can get buried here quickly. I read one moderator right the other day "mannkind didn't get hurt that bad" when we are practically crippled.
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Post by ricguy on Jan 9, 2016 8:40:19 GMT -5
At this point it's not going to matter whether the site is updated or not, the cards are dealt and whatever is going to happen is coming. It's not going to cause more "FUD", to drop the SP, we are under a freaking buck already and the future of MNKD won't be determined whether or not people can spread "FUD" about the new guy not being on the website. If it does cause more "FUD" I blame MNKD, it takes no longer than 5 minutes to update the site, so stuff like this MNKD leaves themselves open for. If no-one can spare 5 minutes to update the site at MNKD because they are preparing for next week 24 X 7 this better be the best presentation I have ever heard in the history of mankind.
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Post by brianrocco on Jan 9, 2016 9:29:27 GMT -5
I found it informative to read the transcript of the D. DeSisto presentation to the JP Morgan Healthcare Conference on 1/15/14 for Insulet. NOT a prepared speech, but all about markets and marketing and sales. (I found it by going to nasdaq.com where one can find transcripts of conference calls. (Also, his CFO at Insulet impressed me on some quarterly conference calls about his understanding of the numbers, markets etc. and his transparency. DeSisto and the CFO would actually address in a forthrightly questions asked by analysts.
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