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Post by peppy on Jan 27, 2016 6:23:37 GMT -5
Poll: Do you believe MNKD is exploring possible sale?
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Post by cgiscgis on Jan 27, 2016 8:56:49 GMT -5
What about the following:
1. Company sale
2. Afrezza sale
3. Technosphere sale
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Post by coo2002coo on Jan 27, 2016 9:53:10 GMT -5
I believe it is more a strategic move to compact delisting issue than to sell the drug.
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Post by suebeeee1 on Jan 27, 2016 10:06:51 GMT -5
Matt said they were exploring all options so it would seem to me they would entertain any and all offers. Do I think they WILL sell in the next few months, no. But I hit YES above because I am taking Matt at his word.
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Post by nugjuice on Jan 27, 2016 11:00:56 GMT -5
Agreed, I think at this point they're open to pretty much anything that would save the product/company. I don't think it necessarily means they're in any serious negotiations; but if someone came along tomorrow with the right price I'm sure they'd be open to it.
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Deleted Member
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Post by Deleted on Jan 27, 2016 11:14:07 GMT -5
I have to imagine they know hitting the breaks tomorrow would really kill the momentum we have going here. I would epxect a lot of positive information tomorrow.
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Post by bighaus89 on Jan 27, 2016 11:16:43 GMT -5
Matt said they were exploring all options so it would seem to me they would entertain any and all offers. Do I think they WILL sell in the next few months, no. But I hit YES above because I am taking Matt at his word. This. |
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Post by kc on Jan 27, 2016 12:07:12 GMT -5
I stated in another thread yesterday my comments from January 5th. It would be a very good thing to sell the company. We need new energy, investment and direction. Everybody wants Afrezza to be a blockbuster winner that can only happen if the company has a very strong partner or new owner. I am sure they board of directors know this and that Al Mann does too. Ultimately being owned by a bigger pharma will enable the proper marketing. I see a bidding war for the company if we are truly exploring a sale situation. I own shares from 10.50 down to the depths of recent pricing. A sale at $5.00 gets many of us whole. The company has value if it survives and selling the company without further dilution is best for all including Al. $10.00 would be nice and $20.00 would be a big winner for most of us.
Not trying to be a buzz killer but I am a realist/businessman. Better to see this happen than a bankruptcy and killing of our investment in this company. |
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Post by dreamboatcruise on Jan 27, 2016 12:16:03 GMT -5
They've engaged an IB and they told investors they are exploring all opportunities. The IB has undoubtedly been tasked with exactly that. The only question is whether in answering this poll yes or no you are wanting us to weigh in on Al's state of mind regarding likelihood of agreeing to a buyout anywhere near what is realistic price. Even if management hadn't said they were exploring all opportunities, I think it would be a breach of their fiduciary duties to not be at this point... and having said they are would add a layer of deception if they are not. kc... yes... you are correct $10 would be "nice"... sort of like it would be "nice" if I had won that billion dollar lottery. |
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Post by harryx1 on Jan 27, 2016 12:19:29 GMT -5
It's all speculation at this point but IMO the best possible outcome is to sell Afrezza to an entity that has the potential to complete all the necessary studies and make it successful for PWDs. Focus on licensing TS for numerous future drugs.  |
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Post by lakers on Jan 27, 2016 12:29:22 GMT -5
I stated in another thread yesterday my comments from January 5th. It would be a very good thing to sell the company. We need new energy, investment and direction. Everybody wants Afrezza to be a blockbuster winner that can only happen if the company has a very strong partner or new owner. I am sure they board of directors know this and that Al Mann does too. Ultimately being owned by a bigger pharma will enable the proper marketing. I see a bidding war for the company if we are truly exploring a sale situation. I own shares from 10.50 down to the depths of recent pricing. A sale at $5.00 gets many of us whole. The company has value if it survives and selling the company without further dilution is best for all including Al. $10.00 would be nice and $20.00 would be a big winner for most of us.
Not trying to be a buzz killer but I am a realist/businessman. Better to see this happen than a bankruptcy and killing of our investment in this company. A week ago, I got a confirmation there would be a full BoD meeting scheduled on 2/18/16. This meeting is not to certify 10-K or 10-Q. Other than that, I don't know what the meeting is for. It could be to decide on some strategic options presented. Really like Harryx1's pics. IMHO, options include letting big investors including Al acquiring an equity stake at a set price which should put a floor under pps, selling Afrezza to a large co. To focus on TS. |
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Post by dreamboatcruise on Jan 27, 2016 12:54:49 GMT -5
lakers... I sure would be curious how negotiations on price would occur if Al is investing more. If there were other arms length investors that Matt negotiated with and Al simply had prior commitment for $X at whatever the negotiated price, that might pass muster for fair to shareholders. But, in all honesty, Al probably doesn't have a lot of spare cash to throw at MNKD. He certainly isn't anywhere near a billionaire these days. I did that calculation some time ago based on what he was listed at Forbes (when last he was listed) and his known stake in MNKD and how much that has fallen. It could encourage other investors if Al is participating in a round.
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Post by lakers on Jan 27, 2016 13:06:22 GMT -5
lakers... I sure would be curious how negotiations on price would occur if Al is investing more. If there were other arms length investors that Matt negotiated with and Al simply had prior commitment for $X at whatever the negotiated price, that might pass muster for fair to shareholders. But, in all honesty, Al probably doesn't have a lot of spare cash to throw at MNKD. He certainly isn't anywhere near a billionaire these days. I did that calculation some time ago based on what he was listed at Forbes (when last he was listed) and his known stake in MNKD and how much that has fallen. It could encourage other investors if Al is participating in a round. One wrinkle is if Mnkd successfully sells Afrezza to a BP, then that will determine how much equity stake at what set price for big investors. Apparently, Vulcan Capital is very interested in TS. I wouldn't be surprised if they and Al take an equity stake under one condition: Mnkd has to divest Afrezza. I agree that for Afrezza to succeed, it needs to be owned by a deep-pocket BP. IMHO, Mgmt and BoD know that. With $1.6B tax loss credit, if TS becomes successful after Afrezza is sold, this is a great investment for big investors. |
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Post by cjc04 on Jan 27, 2016 13:20:48 GMT -5
lakers... I sure would be curious how negotiations on price would occur if Al is investing more. If there were other arms length investors that Matt negotiated with and Al simply had prior commitment for $X at whatever the negotiated price, that might pass muster for fair to shareholders. But, in all honesty, Al probably doesn't have a lot of spare cash to throw at MNKD. He certainly isn't anywhere near a billionaire these days. I did that calculation some time ago based on what he was listed at Forbes (when last he was listed) and his known stake in MNKD and how much that has fallen. It could encourage other investors if Al is participating in a round. One wrinkle is if Mnkd successfully sells Afrezza to a BP, then that will determine how much equity stake at what set price for big investors. Apparently, Vulcan Capital is very interested in TS. I wouldn't be surprised if they and Al take an equity stake under one condition: Mnkd has to divest Afrezza. I agree that for Afrezza to succeed, it needs to be owned by a deep-pocket BP. IMHO, Mgmt and BoD know that. With $1.6B tax loss credit, if TS becomes successful after Afrezza is sold, this is a great investment for big investors. [ Lakers, What range do you think Afrezza sells for on its own? What do you make of the 2/3 shareholder cc? Thx |
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Post by tayl5 on Jan 27, 2016 13:41:12 GMT -5
You know what the issue is with MannKind? Everyone wants a magical solution to their problems and everyone refuses to believe in magic.
(paraphrasing the Mad Hatter from Alice in Wonderland)
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