Thank You Matt

[silentknight]

Secondary offering have been mentioned for a long time now as an available means to raise capital. The authorized share count gave the company the ability to offer up shares whenever they felt the need to do so. Obviously, they felt the need to do so now. That's the nature of investing. I'm not in the business of defending management. You can check my previous posts for that, but Matt has made it very clear since he became CEO that the day may come where a secondary was needed to raise funds. I'm not sure why it now is some sudden shocking development that people can't wrap their head around.

The secondary was going to happen whether Matt made specific reference to it or not. If people don't think Matt is doing a good job, sell your shares and give yourself the peace of mind of not caring so much anymore. Investors on this board are often short-sighted and can't realize long term planning will almost always trump short term appeasement of shareholders, and it always should. Was not mentioning it a mistake, maybe, but in the grand scheme of things, it's a pretty insignificant one.

The situation, and how we've arrived here, is far from perfect granted. I've never said Matt is an angel but I think he believes in the product and believes it can be what Al Mann thought it could be, far more than his predecessor and I honestly believe he's trying to do right by shareholders. I appreciate that. It's something MNKD hasn't experienced in a very long time.

[afrizzle]

I'm still long and will remain that way until BK or 10 banger from my average.

That said, I also don't understand why Matt wouldn't just bring dilution up during the call. He answered the analysts question in the vein of ~ dilution is a possibility but we have other options we're pursuing as well. I'd hoped to announce an international deal but it didn't happen when I thought it would. Will let you know shortly.

Then after the call they dilute. That's got to make the analysts question the "straight shooter nature" of his replies in the future.

[babaoriley]

Yes, what Matt should have said on the last conference call is that we're planning a new offering and our other possibilities of getting some cash in the door are about zero, but, hey, you never know. For all we know, maybe we were somewhat close to another way out of this mess. But if he had put true odds on it, my guess is an offering would have been a heavy favorite. I certainly would not have wanted him to admit that, and I don't think he had to say anything like that. For us, an offering was a clear option and if we want to be honest with ourselves, the leading option.

If he gives odds in the last call, the stock would have crashed then, and can you imagine the articles, and then consider what this offering price would be - far, far more dilutive, disappointing and disgusting.

And as to those who didn't like the SNY deal at 35/65, perhaps it should have been 50/50, right? Haha, SNY might have even breached the contract to get out of that deal, they ran as quickly as they legally could at 35/65, for goodness sakes.

And the last short interest report I saw had the short interest down - dummies.

[bradleysbest]

Tough being a MNKD long since I believe in the product. Good news just does not come our way very often so you need to be mentally tough to withstand the hits! I am too far under water to sell (not that I would) and still believe MNKD will eventually succeed.

[Deleted]

May 10, 2016 9:56:05 GMT -5 afrizzle said:

I'm still long and will remain that way until BK or 10 banger from my average.

That said, I also don't understand why Matt wouldn't just bring dilution up during the call. He answered the analysts question in the vein of ~ dilution is a possibility but we have other options we're pursuing as well. I'd hoped to announce an international deal but it didn't happen when I thought it would. Will let you know shortly.

Then after the call they dilute. That's got to make the analysts question the "straight shooter nature" of his replies in the future.

Keith is a MNKD stooge and Adan see's dirty tactics all day long. Who cares what he thinks anyways. What is his target share price .15 cents?

[babaoriley]

May 10, 2016 9:58:20 GMT -5 babaoriley said:

Yes, what Matt should have said on the last conference call is that we're planning a new offering and our other possibilities of getting some cash in the door are about zero, but, hey, you never know. For all we know, maybe we were somewhat close to another way out of this mess. But if he had put true odds on it, my guess is an offering would have been a heavy favorite. I certainly would not have wanted him to admit that, and I don't think he had to say anything like that. For us, an offering was a clear option and if we want to be honest with ourselves, the leading option.

If he gives odds in the last call, the stock would have crashed then, and can you imagine the articles, and then consider what this offering price would be - far, far more dilutive, disappointing and disgusting.

And as to those who didn't like the SNY deal at 35/65, perhaps it should have been 50/50, right? Haha, SNY might have even breached the contract to get out of that deal, they ran as quickly as they legally could at 35/65, for goodness sakes.

And the last short interest report I saw had the short interest down - dummies.

Forget about above, I've been out of town and forgot that we had a call on 5/9, doesn't change my feeling much, but I would not have written the above.