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Post by bthomas55ep on Mar 5, 2016 7:49:55 GMT -5
I also wonder why the CCO position was posted under Valencia? I thought that was all closing and the building being sold? What did I miss? With RLS activity, are they rethinking West Coast presence? Doesn't this hire need to work closely with Matt? Aren't there more of this kind of experience-level persons in Danbury? Just one more thing to keep you guessing......
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Post by daduke38 on Mar 5, 2016 8:49:42 GMT -5
Hopefully they can get some kind of equity/sales partner similar to SNY but retain the right to market their own product. That would be the ideal scenario. Maybe there is something we don't know about MNKD's cash status.? Could Al have left MNKD with additional funds? To hire a CCU would imply to me that mgt thinks they have the cash in sight. And that might be the positive that I am missing! Sny has cost MNKD so much time and $, I hope the close this out by April 4th. Will be interesting to see. Yesterday's close was the highest since SNY pulled out and getting close to double the low we hit after SNY. Just an FYI!
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Post by hawaiiguy42 on Mar 5, 2016 9:56:44 GMT -5
Hopefully they can get some kind of equity/sales partner similar to SNY but retain the right to market their own product. That would be the ideal scenario. Maybe there is something we don't know about MNKD's cash status.? Could Al have left MNKD with additional funds? To hire a CCU would imply to me that mgt thinks they have the cash in sight. This was my thinking after Al had passed but I did not want to sound morbid and/or mention it... "life insurance policies."
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Post by nylefty on Mar 5, 2016 13:21:18 GMT -5
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Post by nylefty on Mar 5, 2016 14:41:14 GMT -5
Also from the 2007 New York Times article:
As for his six biological children, Mr. Mann said he had already given them more than he should have, turning them into idle multimillionaires. (He has also adopted the daughter of his current wife, his fourth).
“One tried working for three days and didn’t like it,” Mr. Mann said. “Another didn’t work a day in his life.” He added, “I would feel more comfortable if my kids were doing something worthwhile.”
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Post by sportsrancho on Mar 5, 2016 20:02:53 GMT -5
nylefty, thanks for posting those! I could not remember when the first article was written. But remember them both. The first one puts a floor under the stock for sure! The second one is just sad. I have a rich client who's kids have turned out the same way. Very disappointing for a parent I'm sure. IMO RLS are friends of Al's. (Not Google) He had many years to plan and I'm sure those plans are still in place:-))
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Post by myocat on Mar 5, 2016 23:14:34 GMT -5
Maybe there is something we don't know about MNKD's cash status.? Could Al have left MNKD with additional funds? To hire a CCU would imply to me that mgt thinks they have the cash in sight. There has to be something we don't know. And to hire a CCU does imply that. I second this. IMO, this could the concerted effort between MNKD and RLS to market Afrezza. The cash to burn to get Afrezza off the ground could be infused from RLS. One thing for sure, MNKD can't do it alone.
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Post by nylefty on Mar 6, 2016 10:40:33 GMT -5
If Al's will provided for MannKind it certainly could "do it alone." And we know that as of 2007 the will did instruct his foundation to make sure his companies had "enough money." Why would he have later written his baby out of the will?
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Post by sportsrancho on Mar 6, 2016 11:10:00 GMT -5
If Al's will provided for MannKind it certainly could "do it alone." And we know that as of 2007 the will did instruct his foundation to make sure his companies had "enough money." Why would he have later written his baby out of the will? He would not have! The question people kept asking me was, why hasn't Al stepped up with some money? My answer, because he doesn't have to yet. Maybe there is money coming from somewhere else? They would then say, but why not now? It would move the pps up? My answer, I'm not sure he cares? Now the question is, how much is enough? :-). IMO we will climb that wall of worry for sometime. But hey, it's going to be a fun ride up!
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Post by mindovermatter on Mar 6, 2016 11:54:01 GMT -5
If Al's will provided for MannKind it certainly could "do it alone." And we know that as of 2007 the will did instruct his foundation to make sure his companies had "enough money." Why would he have later written his baby out of the will? He would not have! The question people kept asking me was, why hasn't Al stepped up with some money? My answer, because he doesn't have to yet. Maybe there is money coming from somewhere else? They would then say, but why not now? It would move the pps up? My answer, I'm not sure he cares? Now the question is, how much is enough? :-). IMO we will climb that wall of worry for sometime. But hey, it's going to be a fun ride up! IIRC, made it clear a few years back that he would give money at last resort if his current financial mechanisms were exhausted. It also needs to be said that due to his massive loss of wealth prior to his passing that he might have amended his will and that Mannkind might not get the financial help it had before the crash of the stock.
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Post by nylefty on Mar 6, 2016 12:42:50 GMT -5
He would not have! The question people kept asking me was, why hasn't Al stepped up with some money? My answer, because he doesn't have to yet. Maybe there is money coming from somewhere else? They would then say, but why not now? It would move the pps up? My answer, I'm not sure he cares? Now the question is, how much is enough? :-). IMO we will climb that wall of worry for sometime. But hey, it's going to be a fun ride up! IIRC, made it clear a few years back that he would give money at last resort if his current financial mechanisms were exhausted. It also needs to be said that due to his massive loss of wealth prior to his passing that he amended his will and that Mannkind might not get the financial help it had before the crash of the stock. You say that "he amended his will," but offer no evidence that he did. And apparently you base "his massive loss of wealth" on the drop in the MNKD stock price, but even so it looks as if he had more than enough to keep MannKind in business for years.
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Post by myocat on Mar 6, 2016 17:35:02 GMT -5
I find it ridiculous to ask the old Mann to dough out money every time mnkd finds itself in knee deep sh787t. I find it may be the case during clinical trial, not in comercial stage, however. Mnkd is a full grown child but has not reallize its full potential. Give it 4 quarters after April 5.
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Post by nylefty on Mar 6, 2016 17:52:37 GMT -5
I find it ridiculous to ask the old Mann to dough out money every time mnkd finds itself in knee deep sh787t. I find it may be the case during clinical trial, not in comercial stage, however. Mnkd is a full grown child but has not reallize its full potential. Give it 4 quarters after April 5. Oddly worded, considering the fact that "the old Mann" is no longer with us. It's now up to his foundation to "dough out money," once the estate is settled.
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Post by mindovermatter on Mar 6, 2016 18:13:20 GMT -5
IIRC, made it clear a few years back that he would give money at last resort if his current financial mechanisms were exhausted. It also needs to be said that due to his massive loss of wealth prior to his passing that he amended his will and that Mannkind might not get the financial help it had before the crash of the stock. You say that "he amended his will," but offer no evidence that he did. And apparently you base "his massive loss of wealth" on the drop in the MNKD stock price, but even so it looks as if he had more than enough to keep MannKind in business for years. In my haste, I didn't clearly articulate that he might have and edited my original post. I obviously did not mean to convey that I know for a fact as many on here tend to do about things they do not know about like who RLS is etc. One thing that we do know for a fact that his net worth took a serious hit just like most who have been long investors in this stock.
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Post by myocat on Mar 6, 2016 18:15:22 GMT -5
Yes, it was. It is nice to have something in the back pocket. But I would not rely solEly on the foundation.
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