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Post by sccrbrg on Feb 23, 2016 12:42:24 GMT -5
They seem to be putting the earnings CC off until the last possible minute.
I would think they would have at least announced a date and time by now.
Doesn't this seem unusual?
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Post by BlueCat on Feb 23, 2016 12:53:40 GMT -5
They seem to be putting the earnings CC off until the last possible minute. I would think they would have at least announced a date and time by now. Doesn't this seem unusual? My guess is that they are consumed with more pressing matters, especially as Matt still doubles as CFO. Let's hope those matters are positive developments that he can then share at the cc. My take on his style thus far is such. If he can wait a few more days and have something exciting and tangible, he will. |
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Post by sccrbrg on Feb 23, 2016 12:57:40 GMT -5
They seem to be putting the earnings CC off until the last possible minute. I would think they would have at least announced a date and time by now. Doesn't this seem unusual? My guess is that they are consumed with more pressing matters, especially as Matt still doubles as CFO. Let's hope those matters are positive developments that he can then share at the cc. My take on his style thus far is such. If he can wait a few more days and have something exciting and tangible, he will. Not to digress - but the fact that they do not appear to be looking for a new CFO makes me wonder if Matt is just the interim CEO until desisto's noncompete lapses in September. Could be a long shot, but I can't think of another reason for that other than operating a man down merely to reduce the cash burn. |
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Post by peppy on Feb 23, 2016 13:00:26 GMT -5
look for the press release after the market close today.
There is a time table and the time has come.
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Post by BlueCat on Feb 23, 2016 13:04:02 GMT -5
My guess is that they are consumed with more pressing matters, especially as Matt still doubles as CFO. Let's hope those matters are positive developments that he can then share at the cc. My take on his style thus far is such. If he can wait a few more days and have something exciting and tangible, he will. Not to digress - but the fact that they do not appear to be looking for a new CFO makes me wonder if Matt is just the interim CEO until desisto's noncompete lapses in September. Could be a long shot, but I can't think of another reason for that other than operating a man down merely to reduce the cash burn. Possible, but I highly doubt it. I think Old Mann has given Matt the reigns in earnest. If anything, I think Matt is making a strategic decision to save costs on replacing with an official CFO, delegating most of the work to other staff capable of doing work in the interim. Prudent choice, IMHO and I think he gets points for it. Its a positive. MOREOVER - sounds like he's investing his executive search costs and time looking for someone to head Sales/Marketing. Even more sensible- investing in sales with DNA that the company doesn't have at leadership level, rather than duplicating something on a strategic level he's already got covered. More points for Matt |
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Post by yossarian on Feb 23, 2016 15:52:51 GMT -5
At today's call said financials would be reported in a couple weeks.
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Post by sccrbrg on Feb 23, 2016 16:48:22 GMT -5
At today's call said financials would be reported in a couple weeks. Seems like that means they are going to miss the deadline. |
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Post by irrationalexubera on Feb 23, 2016 17:09:32 GMT -5
matt said today at RBC "in about a week" for the financials. i'm guessing leap day, 2/29.
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Post by matt on Feb 23, 2016 17:49:21 GMT -5
You need sign off from the auditors before you can release. Given all that has happened in recent months, the auditors may be taking their time finalizing the audit report. A lot more goes into the audit report than just the earnings and they don't sign off piece by piece.
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Post by LosingMyBullishness on Feb 23, 2016 18:41:59 GMT -5
At today's call said financials would be reported in a couple weeks. Sorry, might be that I am the only one not knowing, but what today's call? |
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Post by LosingMyBullishness on Feb 23, 2016 18:44:45 GMT -5
At today's call said financials would be reported in a couple weeks. Sorry, might be that I am the only one not knowing, but what today's call? Sorry, no need to reply. RBC. My apologies. |
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Post by bioexec25 on Feb 23, 2016 19:05:19 GMT -5
A little off topic but any word on the NJ test case for the Diabetes Clinic that was mentioned in Jan? There should be an update on ER albeit this is not an activity under their control. Didn't Matt mention Feb as the target opening?
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Post by sccrbrg on Feb 23, 2016 19:26:08 GMT -5
A little off topic but any word on the NJ test case for the Diabetes Clinic that was mentioned in Jan? There should be an update on ER albeit this is not an activity under their control. Didn't Matt mention Feb as the target opening? I believe they changed the target start date from end of February to end of first quarter. |
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Post by nylefty on Feb 23, 2016 20:43:58 GMT -5
A little off topic but any word on the NJ test case for the Diabetes Clinic that was mentioned in Jan? There should be an update on ER albeit this is not an activity under their control. Didn't Matt mention Feb as the target opening? I believe they changed the target start date from end of February to end of first quarter. Somebody asked about this on MannKind's Facebook page today and got this reply: MannKind Corporation: Jill, Diabetes Care Centers are a separate business, independent of MannKind, so their management will be the ones to comment on their strategy. Matt has stated previously that the pilot center is targeted to open in the first quarter of this year, in New Jersey. We believe that guidance is still accurate. |
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Post by longinvstr on Feb 24, 2016 11:49:24 GMT -5
My guess is that they are consumed with more pressing matters, especially as Matt still doubles as CFO. Let's hope those matters are positive developments that he can then share at the cc. My take on his style thus far is such. If he can wait a few more days and have something exciting and tangible, he will. Not to digress - but the fact that they do not appear to be looking for a new CFO makes me wonder if Matt is just the interim CEO until desisto's noncompete lapses in September. Could be a long shot, but I can't think of another reason for that other than operating a man down merely to reduce the cash burn. I've had the same thought & like. It seems such a great fit and would not surprise me even a little |
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