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Post by 4allthemarbles on Jan 11, 2016 12:07:51 GMT -5
Also, it's not like we nailed it with the Long call anyway.
Good luck everyone.
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Post by daduke38 on Jan 11, 2016 12:15:45 GMT -5
I am stunned from the Desisto withdrawal of this morning. Why announce a CEO appointment if an important contingency is not waived? Very significant is that Al Mann was not re-appointed as CEO. He may be too feeble to take on the tasks that lie ahead. I can't see an 8 figure deal being done to save MNKD as an operating entity. This leaves selling off the assets: Afrezza, TS and the buildings. From the selling price, the first $200 mln go to bondholders. The rest go to us longs. The speculation is the sale price. Given that today's price is up, the market thinks equity will get more than $0.67 /ps. My guess, and it is a pure guess is $2.00 ps. My guess is about 4-5 Billion. The potential is there for a blockbuster if the company markets Afrezza properly. The new owner will do that and it it will be an company like Teva or another company that does not have an strong traditional injectable insulin product. Afrezza can work with any daily insulin. In some cases, it cuts back on the amount needed. It makes sense to me to go with a company that isn't so strong in the Diabetic space but with deep pockets. It will enhance Lantus (generic or otherwise), Toujeo, Tresiba, etc. With that being said, I totally agree with your post. In fact, I posted pretty much the same sentiment on "the other board" yesterday, I believe. Have always thought that being listed on TASE was more than for raising $. Of course, TEVA can buy it without it being listed in Israel, but I have to admit TEVA came directly to my mind at the time. And as a side note, didn't it seem strange that there as no mention of a search for a CFO? How many hats can Matt wear? CEO, CFO, IR, could be the janitor for all we know! TEVA or a similar company would not cannibalize their own sales and can market Afrezza with anything they choose.
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Post by mindovermatter on Jan 11, 2016 12:30:44 GMT -5
My guess is about 4-5 Billion. The potential is there for a blockbuster if the company markets Afrezza properly. The new owner will do that and it it will be an company like Teva or another company that does not have an strong traditional injectable insulin product. Afrezza can work with any daily insulin. In some cases, it cuts back on the amount needed. It makes sense to me to go with a company that isn't so strong in the Diabetic space but with deep pockets. It will enhance Lantus (generic or otherwise), Toujeo, Tresiba, etc. With that being said, I totally agree with your post. In fact, I posted pretty much the same sentiment on "the other board" yesterday, I believe. Have always thought that being listed on TASE was more than for raising $. Of course, TEVA can buy it without it being listed in Israel, but I have to admit TEVA came directly to my mind at the time. And as a side note, didn't it seem strange that there as no mention of a search for a CFO? How many hats can Matt wear? CEO, CFO, IR, could be the janitor for all we know! TEVA or a similar company would not cannibalize their own sales and can market Afrezza with anything they choose.
Best scenario is that Mannkind was given an offer Al and the BOD can't refuse. Matt's role as CEO and CFO will be short.
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Post by parrerob on Jan 11, 2016 12:54:47 GMT -5
Everything can happen but strange that scenario changed since 29 December. Just few days including Christmas and New Year time.
An offer, in case of a BO, should be expected or searched ..... And normally a long ping pong is needed before the signature.....
If a an offer was on the table why being so quick hiring DD and not waiting a little more time ?
Can be that a different partner was under signature for a TS first product development instead (so DD was needed) then after SNI departure the new partner changed the offer for the whole company ?
How many days has SNI to apply his right of first refusal ?
What a saga and what a loss !!!! Really no words.....
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Deleted
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Post by Deleted on Jan 11, 2016 13:51:44 GMT -5
Everything can happen but strange that scenario changed since 29 December. Just few days including Christmas and New Year time.
An offer, in case of a BO, should be expected or searched ..... And normally a long ping pong is needed before the signature.....
If a an offer was on the table why being so quick hiring DD and not waiting a little more time ?
Can be that a different partner was under signature for a TS first product development instead (so DD was needed) then after SNI departure the new partner changed the offer for the whole company ?
How many days has SNI to apply his right of first refusal ?
What a saga and what a loss !!!! Really no words.....
i am not sure on your speculation but SNY has no rights of first refusal now that they terminated the rights
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Post by afrizzle on Jan 11, 2016 13:55:29 GMT -5
I wouldn't jump to conclusions on valuation, let's just wait until we have the next new CEO next week and see what he or she says I don't understand. We got the new CEO. It's Matt. It was a poor attempt at humor "the next new CEO" Since we've been averaging 1 per every week or so lately
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Post by mnkdnewb on Jan 11, 2016 14:04:22 GMT -5
Could be Matts job is to follow the plan DeSisto had written up until Duane is able to come back in sept. The "only" thing that's changed is Duane isn't working at Mnkd now. Why? That is the question why. Bailed or No compete? Really hard to wrap my head around the fact they they didn't know sny would bail and that Duane didn't know he would take this to market without sny so why would he bail? It probably is due to legal reasons. Cash position is still the same as it was and just got a little better not having to pay Duane as CEO. If they had a plan to commercialize this themselves nothing much has changed with this announcement. If the plan was to sell off the company in pieces of whole that has t changed either. I really wish we could have heard his plan before he left, but I expect us to hear something in the next week or two as far as a plan or major announcement.
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Post by mnkdnewb on Jan 11, 2016 14:05:00 GMT -5
I don't understand. We got the new CEO. It's Matt. It was a poor attempt at humor "the next new CEO" Since we've been averaging 1 per every week or so lately 3 within the last 7 days...
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Post by mnkdnewb on Jan 11, 2016 14:06:48 GMT -5
Everything can happen but strange that scenario changed since 29 December. Just few days including Christmas and New Year time.
An offer, in case of a BO, should be expected or searched ..... And normally a long ping pong is needed before the signature.....
If a an offer was on the table why being so quick hiring DD and not waiting a little more time ?
Can be that a different partner was under signature for a TS first product development instead (so DD was needed) then after SNI departure the new partner changed the offer for the whole company ?
How many days has SNI to apply his right of first refusal ?
What a saga and what a loss !!!! Really no words.....
i am not sure on your speculation but SNY has no rights of first refusal now that they terminated the rights I'm sure they would still receive a call saying we have an offer if you're interested. Sny would be nuts to not buy it even just to bury it if they are afraid of the competition in someone else's hands.
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Post by slugworth008 on Jan 11, 2016 14:07:00 GMT -5
I am stunned from the Desisto withdrawal of this morning. Why announce a CEO appointment if an important contingency is not waived? Very significant is that Al Mann was not re-appointed as CEO. He may be too feeble to take on the tasks that lie ahead. I can't see an 8 figure deal being done to save MNKD as an operating entity. This leaves selling off the assets: Afrezza, TS and the buildings. From the selling price, the first $200 mln go to bondholders. The rest go to us longs. The speculation is the sale price. Given that today's price is up, the market thinks equity will get more than $0.67 /ps. My guess, and it is a pure guess is $2.00 ps. Just when you think it can't get any bleaker or weirder - DeSisto can't accept due to "A non-compete" ? One would think that would have been discussed prior to the announcement of his coming onboard. Geezus already. We'll have to see what Matt does on WEDS.
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Post by Deleted on Jan 11, 2016 14:10:49 GMT -5
I am stunned from the Desisto withdrawal of this morning. Why announce a CEO appointment if an important contingency is not waived? Very significant is that Al Mann was not re-appointed as CEO. He may be too feeble to take on the tasks that lie ahead. I can't see an 8 figure deal being done to save MNKD as an operating entity. This leaves selling off the assets: Afrezza, TS and the buildings. From the selling price, the first $200 mln go to bondholders. The rest go to us longs. The speculation is the sale price. Given that today's price is up, the market thinks equity will get more than $0.67 /ps. My guess, and it is a pure guess is $2.00 ps. My guess is about 4-5 Billion. The potential is there for a blockbuster if the company markets Afrezza properly. The new owner will do that and it it will be an company like Teva or another company that does not have an strong traditional injectable insulin product. I just dont see how we can call it a blockbuster drug anymore. The praise is based off twitter results all while everything else has fallen apart. A block buster can be called a block buster when they have the data showing so. This is the difference in strategy between smart money and retail.
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Post by mnkdmorelong on Jan 11, 2016 14:11:34 GMT -5
Could be Matts job is to follow the plan DeSisto had written up until Duane is able to come back in sept. The "only" thing that's changed is Duane isn't working at Mnkd now. Why? That is the question why. Bailed or No compete? Really hard to wrap my head around the fact they they didn't know sny would bail and that Duane didn't know he would take this to market without sny so why would he bail? It probably is due to legal reasons. Cash position is still the same as it was and just got a little better not having to pay Duane as CEO. If they had a plan to commercialize this themselves nothing much has changed with this announcement. If the plan was to sell off the company in pieces of whole that has t changed either. I really wish we could have heard his plan before he left, but I expect us to hear something in the next week or two as far as a plan or major announcement. Do you really think Desisto developed a plan after 2-3 days on the job? He didn't have the time to learn the first names of everyone he would be working with.
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Post by kbrion77 on Jan 11, 2016 14:18:32 GMT -5
I am stunned from the Desisto withdrawal of this morning. Why announce a CEO appointment if an important contingency is not waived? Very significant is that Al Mann was not re-appointed as CEO. He may be too feeble to take on the tasks that lie ahead. I can't see an 8 figure deal being done to save MNKD as an operating entity. This leaves selling off the assets: Afrezza, TS and the buildings. From the selling price, the first $200 mln go to bondholders. The rest go to us longs. The speculation is the sale price. Given that today's price is up, the market thinks equity will get more than $0.67 /ps. My guess, and it is a pure guess is $2.00 ps. Just when you think it can't get any bleaker or weirder - DeSisto can't accept due to "A non-compete" ? One would think that would have been discussed prior to the announcement of his coming onboard. Geezus already. We'll have to see what Matt does on WEDS. It has to be one of two things: 1. Duane just bailed after termination. I just can't imagine an executive such as himself would not do his due diligence and ask not only MNKD but the industry about the MNKD and SNY relationship. How could he not ask the question, "What if SNY terminates agreement?" Knowing MNKD they probably said we have not seen any indication of this and if this happens you can cancel your appointment. Or 2. A new partner is in fact violation of his non-compete clause. I'm tired of trying to speculate and stay positive so I will say it's most likely #1. I have no faith in Matt running the show as CEO. I was extremely excited about Duane with his prior experience. This has been a costly lesson but I'll hang onto shares to see if there is a miracle of some sorts. I'm a big fan of Al Mann and I'm sad to see his and our company has come down to this.
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Post by mnkdnewb on Jan 11, 2016 14:20:39 GMT -5
Could be Matts job is to follow the plan DeSisto had written up until Duane is able to come back in sept. The "only" thing that's changed is Duane isn't working at Mnkd now. Why? That is the question why. Bailed or No compete? Really hard to wrap my head around the fact they they didn't know sny would bail and that Duane didn't know he would take this to market without sny so why would he bail? It probably is due to legal reasons. Cash position is still the same as it was and just got a little better not having to pay Duane as CEO. If they had a plan to commercialize this themselves nothing much has changed with this announcement. If the plan was to sell off the company in pieces of whole that has t changed either. I really wish we could have heard his plan before he left, but I expect us to hear something in the next week or two as far as a plan or major announcement. Do you really think Desisto developed a plan after 2-3 days on the job? He didn't have the time to learn the first names of everyone he would be working with. I really think Duane was approached around October 2015 and has been talking and meeting with MNKD. He certainly discussed ideas of how to move forward before he officially started.
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Post by parrerob on Jan 11, 2016 14:24:32 GMT -5
[/quote]i am not sure on your speculation but SNY has no rights of first refusal now that they terminated the rights[/quote]
I am not speculating.... Just trying to understand what's happening....
Any case if SNY dos not have any right is better for us.... I was thinking the right was in Place for other 3 to 6 months.....
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