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Post by tayl5 on Feb 13, 2016 1:02:19 GMT -5
For those who don't know, Tucker is a Francis Ford Coppola movie from 1988 starring Jeff Bridges. It's a true story about a visionary engineer who builds a car that is faster, safer and more aerodynamically attractive than any passenger cars on the road or Big 3 drawing boards at the time. He and his team fight against incredible odds to build these cars, only to be undone by a government-industry conspiracy. There are remarkable parallels between what happened then and what's happening now with MannKind, with a very real possibility of a similar ending. I'm not sure if I'm depressed or inspired after watching the movie, but I'll do what I can to keep Afrezza from winding up as a museum exhibit. I'd love to hear what others who watch the movie think.
One of the 50 Tucker cars that were built was sold in 2012 for $2.915 million. If MannKind does go away, hang onto your Dreamboats. When the rest of the world catches up, they could be worth more than you paid for your stock.
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Post by mnkdfann on Feb 13, 2016 10:44:52 GMT -5
There are also remarkable parallels between what Tucker did and what various infamous stock promoters did.
"Despite the outcome of the trial, speculation has continued with regard to the question of whether Tucker genuinely intended to produce a new car and bring it to market, or whether the entire enterprise was a sham, designed for the sole purpose of collecting funds from gullible investors."
The chairman of Tucker's board of directors quit (in his words) "because of the manner in which Preston Tucker is using the funds obtained from the public through sale of stock".
Just saying there are two sides to the story, and I wasn't there.
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Post by tayl5 on Feb 13, 2016 11:35:29 GMT -5
There are also remarkable parallels between what Tucker did and what various infamous stock promoters did. "Despite the outcome of the trial, speculation has continued with regard to the question of whether Tucker genuinely intended to produce a new car and bring it to market, or whether the entire enterprise was a sham, designed for the sole purpose of collecting funds from gullible investors." The chairman of Tucker's board of directors quit (in his words) "because of the manner in which Preston Tucker is using the funds obtained from the public through sale of stock". Just saying there are two sides to the story, and I wasn't there. I wasn't there either but my impression is it's easy enough to run a stock scam that you don't need to set up a factory and make 50 highly innovative cars that are widely admired decades later to make it work. I expect a comparable post-mortem of MannKind will say that despite warnings from the FDA about the dangers of Afrezza and articles from leading industry observers like Adam Feuerstein and Looking for Diogenes telling investors to steer clear, the shyster Al Mann raised billions of dollars, convinced a major drug company to commit "substantial efforts" to marketing the drug and induced extreme placebo effects in thousands of diabetics before his scheme was exposed. It will go on to say that despite the setback to diabetes treatment the MannKind scandal caused, no drug company in 2075 would consider using a needle to administer a drug, since even complex protein drugs can be delivered quickly and painlessly by inhalation using formulations developed in the 2030s by leading insulin providers. Think how many lives would have been saved from 1948, when seat belts were introduced in the Tucker 48, to the 1970s, when they became standard equipment in Big 3 automaker cars. They were initially rejected by the industry because they implied that cars were unsafe, just like many in the diabetes industry don't want people to know that HbA1c >7 and frequent hypos from dose stacking are unsafe. The use of FUD to take out small, innovative competitors is not new. |
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Post by mindovermatter on Feb 13, 2016 12:16:46 GMT -5
For those who don't know, Tucker is a Francis Ford Coppola movie from 1988 starring Jeff Bridges. It's a true story about a visionary engineer who builds a car that is faster, safer and more aerodynamically attractive than any passenger cars on the road or Big 3 drawing boards at the time. He and his team fight against incredible odds to build these cars, only to be undone by a government-industry conspiracy. There are remarkable parallels between what happened then and what's happening now with MannKind, with a very real possibility of a similar ending. I'm not sure if I'm depressed or inspired after watching the movie, but I'll do what I can to keep Afrezza from winding up as a museum exhibit. I'd love to hear what others who watch the movie think. One of the 50 Tucker cars that were built was sold in 2012 for $2.915 million. If MannKind does go away, hang onto your Dreamboats. When the rest of the world catches up, they could be worth more than you paid for your stock. Like Hollywood always does, it says, "BASED" on a real story which means they have taken great creative license to portray a story they want to tell but not always the real factual one. There are things we are not privy to in what is going on behind the scenes. And I am sure some that would make think a whole lot differently about Al Mann. |
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Post by tayl5 on Feb 13, 2016 12:48:20 GMT -5
With his skill at background research and getting people to talk, I'd love to see Michael Lewis take a shot at the MannKind story. It has compelling characters, a story line with many twists and turns, and a strong "What's in it for me?" for 30 million diabetics. I'd buy a copy.
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Post by 4allthemarbles on Feb 13, 2016 13:48:29 GMT -5
Are we really going down the rabbit hole on this one? Seriously? How many people in the world have contributed to society on the same level Al Mann has?
What if the story ends tomorrow and MNKD goes away? Does that take away anything he has accomplished?
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Post by daduke38 on Feb 14, 2016 18:40:50 GMT -5
I know this is an entirely different story and situation, but I was fascinated by this before I ever heard about MNKD! Been a corrupt world for a long time, but unfortunately just seems to get worse!
An interesting link about the car
news.boldride.com/2014/01/the-1948-tucker-sedan-a-car-ahead-of-its-time/8095/A portion of the article:
Pioneering Features He included elements into his plan which were cutting-edge concepts by the standards of the time. These included: •Disc brakes •Fuel injection •Seat belts •Four wheel independent suspension •A user-friendly instrument panel •A padded dash •Rotating headlights that saw around curves •Tubeless tires •A crash frame similar to today’s unibody construction •Direct drive torque converters instead of a conventional transmission •A power train that could be removed and replaced in half an hour •Magnesium wheels •And a parking brake locked by a separate key to discourage theft All of the above weren't incorporated into his original model. Bold = my words.
I can not tell you how many times I have thought of this auto over the past year. |
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