Post by stevil on Jan 24, 2016 11:45:51 GMT -5
Greg said it well and I thank him for his forward looking post. As for all the negative comments, I have to wonder why this board has been so infested by bashers and why they spend so much time spreading FUD about this stock.
There's always a pretense at objectivity, but, again, almost without exception, there's a negative tilt, always designed to inject fear and uncertainty. His claim is that we need to be objective in our assessment of MNKD. This claim obviously makes sense but if you look at the bigger picture, there's something very off about him.
If you look closely at his comments, he sees doom and gloom for MNKD. Its balance sheet is horrible, the outlook for Afrezza is terrible, Ti is worthless, and the deal for Ti is meaningless, etc. (Speaking as an analyst of almost three decades, I can say his critiques are incredibly simplistic and easily debunked; not worth the effort, though, because it would take forever.) Given this, why does he remain a stockholder. If I felt the same way, I would be long gone. There are 7,000 other stocks in the U.S. that I could buy, why stay with a stock that's doom and gloom. And if one were to argue that he didn't want to lock in a loss, then why the constant negativity.
Who in his right mind not only hangs onto the stock of a company that he thinks in dire trouble but spends all day long bashing that stock?
I apologize for singling one person out but I do take it personally when that person works so hard against my economic interest. If you want to trash a stock, at least be honest about your position. There are enough haters out there without our having to constantly hear trash from someone who claims to be one of us.
Since when can objectivity not be purely negative? This is a message board. I've clearly made my points clear enough for you to repeat them. Instead of just acknowledging them, refute them... Otherwise, you're not debating the thesis of an argument- you're simply attacking the source. Look up ad hominem fallacy. I can't add anything constructive because everything constructive I add to this board gets shot down and chewed up and whined about instead of getting addressed. I do try to encourage people to process and think more deeply. It just doesn't happen too often on here because there is this fascination that I'm somehow a secret spy from the other side trying to plant ideas that aren't true. Except most of the things I've said- that I didn't like the change in tone from the summer CC "we're not there yet" the layoffs shouldn't be looked upon favorably, SNY isn't doing a slow roll out, they're likely going to back out of the deal, etc. None of that was FUD or bashing. It was my opinion that turned out to be correct. And I had tangible, objective reasons why I felt that way and I tried to share those with the board back then, just as I'm doing now.
And I do have a somewhat diversified portfolio. I've also shared some of the players that I think are better for the short term. The reason I haven't sold off my part in MNKD is the potential is still greater here than in another company. I have several times more shares of MNKD than I would be able to buy in any of those other companies. So it makes sense to me right now to wait this out since my shares are worth pennies compared to what I paid for them.
I'm really not bashing the stock as much as I'm bringing the pumpers back down to earth. Never did I say that Technosphere was worthless or deals surrounding them worthless. I said that the most recent deal will do little for us as far as ensuring our survival and that we needed to do better than that in the short term. There is no doubt in my mind that we can still blossom into being a very good company. It's why I hold my shares. But I'm so vocal because there are people on this board whose DD stops here and they'll buy simply out of excitement. We saw it when the 2:1 SNY share swap with $15 buyout rumor was started. People went from downcast to elated in a day. I'd never seen anything like it. I just want to try to make sure both sides are presented. I've stated this many times, as well as my sentiment was that I was short this stock. It's not that I haven't been honest with my identity, intentions, and actions. People just haven't been listening and they've been making me into something other than what I am.