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Post by babaoriley on Nov 8, 2016 13:17:14 GMT -5
Requirements BA/BS required, MBA preferred CPA required At least 4 years of big 4 public accounting experience Experience in a public company necessary 8+ years of proven success in the biotech/pharmaceutical and/or life sciences Experience in managing all aspects of a corporations accounting, finance and tax function, including in a manufacturing environment Proven leadership experience in managing employees/team 8+ years of proven success in the biotech/pharmaceutical and/or life sciences
Things that make you go Hmmmm.. It's good to have someone employed by MNKD that has had proven success!! I also think they need to have ten fingers and toes, so they can count the number of new Rx's without having to purchase a calculator!
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Post by babaoriley on Nov 8, 2016 13:20:12 GMT -5
Wouldn't it be nice if we were given some info on what the heck is going on? We sit here and theorize all day every day while left in the dark by mgmt. What happened to 2.0 transparency? What's not transparent about seeking to hire these people? You think it's a headfake, dicta, if so, nothing they would tell us would enlighten us anyway. Take it for its face-value - they think they are going to survive. How could they possibly think they could persuade someone with accounting skills to join them (unless they were unemployed) without assuring them of the funds to survive.
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Post by gtay87 on Nov 8, 2016 13:37:41 GMT -5
I'm more curious about the Danbury factory positions. As I recall, they laid off a slew of people up there. Were they recalled?
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Post by matt on Nov 8, 2016 14:01:44 GMT -5
I think they just reused an old job requirement text to this new posting I think you are probably correct; writing good job descriptions is a pain in the rear but a necessary part of managing. While everybody is wondering where they are going to get the money to pay for this position, a better question might be what happened to the previous occupant of this job? Corporate controller of a public company is normally a decent gig that pays pretty well so the natural attrition rate is low.
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Post by tingtongtung on Nov 8, 2016 14:36:31 GMT -5
Certainly these 2 new jobs are very interesting...
Just to play the devil's advocate... Are any of these positions required for bankruptcy filing at all? Guys, please understand I don't want MNKD to fail. I did read the job descriptions, and it paints a good picture of a healthy growing company. I don't understand it at all.
Yes, I can wait for the earnings call. Just want to make an educated guess, and see if I can make some money :-)
Thanks for all the comments from the experienced folks! I appreciate it.
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Post by traderdennis on Nov 8, 2016 15:52:23 GMT -5
Hate to say it, these employment ads look like what $GTAT did right before the Iphone 6 release. I"m all out of MNKD, hope it does well since I am a type 2. Good luck longs.
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Post by MnkdWASmyRtrmntPlan on Nov 8, 2016 15:58:18 GMT -5
I think they just reused an old job requirement text to this new posting I think you are probably correct; writing good job descriptions is a pain in the rear but a necessary part of managing. While everybody is wondering where they are going to get the money to pay for this position, a better question might be what happened to the previous occupant of this job? Corporate controller of a public company is normally a decent gig that pays pretty well so the natural attrition rate is low. Good point, matt. For the Director of Digital Marketing position, I figured that was an expansion job to take the load off of Mike with trying to respond to all the twitter questions, etc. I know, it will be a much bigger job than that. But when this controller job came up, I guess I just thought its purpose was to take some load off of Matt. But, I think you are right. Certainly there must have been someone in this position previously. Which, of course, is troubling. I hope that gets cleared up in the CC. Maybe it is a newly created position. Anyone else have thoughts?
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Post by matt on Nov 8, 2016 16:25:23 GMT -5
Certainly these 2 new jobs are very interesting... Just to play the devil's advocate... Are any of these positions required for bankruptcy filing at all? No. When a company files for bankruptcy then technically they are still subject to SEC reporting, but generally the SEC accepts the monthly reports filed with the court in lieu of full filings. At any rate, there are plenty of temp firms that specialize in BK filings so no need to fill a permanent position just to get the paperwork out the door.
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Post by tingtongtung on Nov 8, 2016 17:17:50 GMT -5
Certainly these 2 new jobs are very interesting... Just to play the devil's advocate... Are any of these positions required for bankruptcy filing at all? No. When a company files for bankruptcy then technically they are still subject to SEC reporting, but generally the SEC accepts the monthly reports filed with the court in lieu of full filings. At any rate, there are plenty of temp firms that specialize in BK filings so no need to fill a permanent position just to get the paperwork out the door. Thank you! Matt : CEO and CFO Rose: PAO (I had never heard of this title before MNKD). How does this hierarchy work? And, how does the new role fit in? It's a small company IMO, and isn't CFO more than enough? Do you need to have several people because, you have 2 locations, or reverse merger, or create new entity, or something else?
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Post by falconquest on Nov 8, 2016 19:04:21 GMT -5
No. When a company files for bankruptcy then technically they are still subject to SEC reporting, but generally the SEC accepts the monthly reports filed with the court in lieu of full filings. At any rate, there are plenty of temp firms that specialize in BK filings so no need to fill a permanent position just to get the paperwork out the door. Thank you! Matt : CEO and CFO Rose: PAO (I had never heard of this title before MNKD). How does this hierarchy work? And, how does the new role fit in? It's a small company IMO, and isn't CFO more than enough? Do you need to have several people because, you have 2 locations, or reverse merger, or create new entity, or something else? I also wondered about the role Rose played. Does the "Principle Accounting Officer" report to the Controller? Why is a Controller needed here unless there are additional duties required in the future. I don't get it. Here is a good description of the duties of a Controller in a publicly traded company. This of course is dependent of having income to account for! work.chron.com/job-description-corporate-controller-public-company-21311.html
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Post by peppy on Nov 8, 2016 19:39:27 GMT -5
From the poll 54% feel the major issue will not be addressed properly. Most likely just glanced over. I think it (Financial status) will be addresses properly. I did not answer the poll. Your posts are pretty much consistently negative regarding afrezza/MNKD. Way to go. Have you looked how well the product works?
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Post by slugworth008 on Nov 8, 2016 19:52:27 GMT -5
From the poll 54% feel the major issue will not be addressed properly. Most likely just glanced over. I think it (Financial status) will be addresses properly. I did not answer the poll. Your posts are pretty much consistently negative regarding afrezza/MNKD. Way to go. Have you looked how well the product works?
Peppy, I can't tell you how much I hope they address the financing issue - Or pull the proverbial rabbit out of the financial hat. It's showtime.
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Post by falconquest on Nov 8, 2016 20:25:53 GMT -5
Peppy, I think it's easy to misunderstand the negativity voiced here. There are many that believe in the product but are critical of the performance of the company. That's my position. It is frustrating to have such a remarkable product and yet week after week we see little response in prescriptions. Just because one is critical of the company doesn't mean they don't believe in the product. Were the product in the hands of another company it may be performing much better in the marketplace..........and helping more people.
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Post by gtay87 on Nov 8, 2016 23:16:15 GMT -5
Thank you! Matt : CEO and CFO Rose: PAO (I had never heard of this title before MNKD). How does this hierarchy work? And, how does the new role fit in? It's a small company IMO, and isn't CFO more than enough? Do you need to have several people because, you have 2 locations, or reverse merger, or create new entity, or something else? I also wondered about the role Rose played. Does the "Principle Accounting Officer" report to the Controller? Why is a Controller needed here unless there are additional duties required in the future. I don't get it. Here is a good description of the duties of a Controller in a publicly traded company. This of course is dependent of having income to account for! work.chron.com/job-description-corporate-controller-public-company-21311.htmlI didn't get that either. I don't think a company needs both a principal acounting office and a controller as well. Ms. Alinya used to be the controller until she became PAO. Maybe she's leaving.
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Post by me on Nov 9, 2016 11:37:07 GMT -5
Puts Sports on that team ASAP too Just add Sla4235 and we'd have the Charlie's Angels of marketing. I can see them being sent on their way every morning by Matt. Sorry to disgust the rest of the females on this board, but at least you wont have to worry about Donald much longer. @baboriley, thank you for the occasional levity you bring to this board in the darker times. Regarding the above, however, you'd probably get some push back. I bet these Charlie's Angels are not worried! These members appear to be strong women and not snowflakes (that's my first and only political comment on this board).
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