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Post by uvula on Feb 1, 2017 18:05:04 GMT -5
I'm hoping the share price doesn't go down much. The psychology behind a RS is bad but the RS itself doesn't change the value of the company. It doesn't change the value of an investment ... however ... in a 1:10 split 50K shares becomes 5K shares.... the upside potential that investors once saw isn't there anymore... Also, another of my big concerns was the lack of confidence shown by Mike and Matt.. that didn't help.. I suppose its a difficult position to be in... I cant imagine it ... however I'm very very concerned .. I thot it looked like an RS was coming, but I guess I didn't expect to hear it today, so I wasn't at all prepared for this... I have no one else to blame but myself.. A RS does not change the upside potential. 50k shares increasing by X% is the same as 5k shares increasing by X%. The RS is bad because it signals that nothing good is on the horizon. But we now know that whether or not a RS occurs.
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Post by sophie on Feb 1, 2017 18:05:10 GMT -5
Didn't listen yet, but pretty easy to tell what was said, more or less. They had to do this, just in case the stock doesn't get up to a buck in time. I mean, it ought to, easily, right? With a bigger, better sales force and all, how can we miss? But if things just don't quite go according to plan, it's nice to have the R/S in our back pocket, right? Looks like Lucy pulled the ball out on Charlie again! Haha, joke's on us! Can't wait for the hype and run-up to next conference call, it's sure to be the winner we've all been expecting. Matt even slipped in one of his dangling carrots at the end for nostalgia's sake.
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Post by sophie on Feb 1, 2017 18:08:42 GMT -5
Why even have this conference call at all we had a better chance of getting over a dollar if they stayed quite. Is Matt deliberately doing this? For seven years, MNKD management has never had a motivating nor promising CC. No news to increase the pps. It happens so often that it almost appears as intentional. If I did not believe in AFREZZA'S potential, nor have invested a strong six figures, (that is not worth getting out now) I would pull out now and wait for something concrete from them. It was another here's what we've accomplished thus far, and soon, we will have some promising news. Same ole story! That has gotten old! Filing for a reverse split from "a position of strength" Bull Sh&$, Matt!! A position of strength would be Upon FDA approval of a Revolutionary treatment for Diabetes in 2014, with a pps of over $10.00 to be trading much higher than that almost three years later! Not facing delisting from Nasdaq!! While we probably will survive it, It is yet another mountain to climb! No news about RLS, nothing at all about Amgen, or with anything about implimenting Dexcoms CGM with AFREZZA! Or if they are even in talks with Dexcom at all about the future, or the progress with JDRF and most importantly, NO Q &A!!
BS. No Q and A!!! Yes, they are making progress, Eighty new employees, etc. but what is our current monthly nut? Is it still 10 mil, even after selling the building (no more utilities, mortgage, maintainance) Payroll has to have increased, so what effect does that have on our financial position? As an investor, these points are extremely important!! Disgusted!! Dead money for another six months at least! I guess this is why God made Makers Mark!! Thank God for that! You have to have the A to field the Q. I think it's a good thing they didn't take questions. I think it only would have hurt us worse.
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Post by agedhippie on Feb 1, 2017 18:11:02 GMT -5
No news about RLS, nothing at all about Amgen, or with anything about implimenting Dexcoms CGM with AFREZZA! Or if they are even in talks with Dexcom at all about the future, or the progress with JDRF and most importantly, NO Q &A!!
BS. No Q and A!!! There is nothing to say. RLS are not talking, Amgen was never on the table, and Dexcom have a strategy which they are executing on. The JDRF is just some nice words. Under these circumstances I wouldn't have a Q&A either if I was them. Actually if I was all of them all I would have done is announced the R/S and ended things there because nothing you can say at this moment will mitigate the damage.
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Post by therealisaching on Feb 1, 2017 18:11:20 GMT -5
I scaled out 10% precall and another 40% after hours. Love the product. Love Mike C. I think they get it right over the long haul, but the call was terrible. Beyond waffling on the rs and maybe not even getting the ratio correct, the signal is sales are going to be a few months coming. These new hires are going to take months to get traction. I'm not looking for a Super Bowl commercial but that targeted commercials are still a ways out drives me crazy. The public knows nothing of this wonderful fast acting rapid out insulin. Mike and co has done a good job on the insurance front. Now that patients are eligible for coverage, Afrezza has to be marketed now.
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Post by LosingMyBullishness on Feb 1, 2017 18:14:03 GMT -5
It doesn't change the value of an investment ... however ... in a 1:10 split 50K shares becomes 5K shares.... the upside potential that investors once saw isn't there anymore... Also, another of my big concerns was the lack of confidence shown by Mike and Matt.. that didn't help.. I suppose its a difficult position to be in... I cant imagine it ... however I'm very very concerned .. I thot it looked like an RS was coming, but I guess I didn't expect to hear it today, so I wasn't at all prepared for this... I have no one else to blame but myself.. A RS does not change the upside potential. 50k shares increasing by X% is the same as 5k shares increasing by X%. The RS is bad because it signals that nothing good is on the horizon. But we now know that whether or not a RS occurs. To much fuss about the RS. The stock is controlled by institutions. They are adults. This stock has been in trouble, you only need to look at the short rate. This is not that out of the blue. The generic statement of a bad signal is irrelevant in a big cloud of bad signals.
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Post by sluggobear on Feb 1, 2017 18:17:31 GMT -5
It's finally 5pm here in Austin. So time for some Dewar's 12y for me. No there's no position of strength but the RS is necessary. I have only one experience with an RS, with Lexicon. LXRX was not under 1.00 for long though. A 1:7 split. I bought at about $1.00 (so $7.00) and they are now at $14 two years later. They had to raise more money right after the RS so it was diluted also. 2 good drugs brought them back. Ironically they are partnered with Sanofi for the dual SLGT inh drug.
I see personal patient Afrezza testimonials that keep giving me (prob false) hope. The latest description on YT I saw yesterday by a woman (name?) was glowing (How I Take Afrezza). They are very credible advocates. But I still believe the barriers have been too high all along and I was unwilling to accept that.
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Post by kc on Feb 1, 2017 18:32:13 GMT -5
A RS does not change the upside potential. 50k shares increasing by X% is the same as 5k shares increasing by X%. The RS is bad because it signals that nothing good is on the horizon. But we now know that whether or not a RS occurs. To much fuss about the RS. The stock is controlled by institutions. They are adults. This stock has been in trouble, you only need to look at the short rate. This is not that out of the blue. The generic statement of a bad signal is irrelevant in a big cloud of bad signals. There is less than 17% held by institutions. It's the hedges that control Mannkind.
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Post by silentknight on Feb 1, 2017 18:33:28 GMT -5
It doesn't change the value of an investment ... however ... in a 1:10 split 50K shares becomes 5K shares.... the upside potential that investors once saw isn't there anymore... Also, another of my big concerns was the lack of confidence shown by Mike and Matt.. that didn't help.. I suppose its a difficult position to be in... I cant imagine it ... however I'm very very concerned .. I thot it looked like an RS was coming, but I guess I didn't expect to hear it today, so I wasn't at all prepared for this... I have no one else to blame but myself.. A RS does not change the upside potential. 50k shares increasing by X% is the same as 5k shares increasing by X%. The RS is bad because it signals that nothing good is on the horizon. But we now know that whether or not a RS occurs. Which is better? Owning 50k shares and the stock going up $1 or owning 5k shares after the split and the stock going up $1? There's why there split limits your upside. Those underwater now will likely never be made whole again.
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Post by uvula on Feb 1, 2017 18:43:00 GMT -5
"Which is better? Owning 50k shares and the stock going up $1 or owning 5k shares after the split and the stock going up $1?
There's why there split limits your upside. Those underwater now will likely never be made whole again."
Would you rather own a $100 bill or five $20 bills? It is the same thing. There is no additional limit to the upside. Or the downside.
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Post by falconquest on Feb 1, 2017 18:43:55 GMT -5
Yes, I am. I believe we will be over a dollar by EOD Thursday. .....and what is your new prediction Mr. RetrmntPlan?
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Post by liane on Feb 1, 2017 18:44:05 GMT -5
Not a fair assessment silentknight. After a 10:1 split, the price fluctuations in the share price should be on the order of 10 times the fluctuations pre-split.
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Post by sweedee79 on Feb 1, 2017 18:49:03 GMT -5
It doesn't change the value of an investment ... however ... in a 1:10 split 50K shares becomes 5K shares.... the upside potential that investors once saw isn't there anymore... Also, another of my big concerns was the lack of confidence shown by Mike and Matt.. that didn't help.. I suppose its a difficult position to be in... I cant imagine it ... however I'm very very concerned .. I thot it looked like an RS was coming, but I guess I didn't expect to hear it today, so I wasn't at all prepared for this... I have no one else to blame but myself.. A RS does not change the upside potential. 50k shares increasing by X% is the same as 5k shares increasing by X%. The RS is bad because it signals that nothing good is on the horizon. But we now know that whether or not a RS occurs. MNKD was trading at 11$ a share not that long ago.. yes it was overvalued and perhaps went there on momentum.. but I cannot see this stock trading at 110$ a share any time soon... I don't know what it is... psychology perhaps once the stock price gets that high?? The same psychology that scares the hell out of people when there is a RS ... I cant explain it... because in fact you are correct.. but things do change after a RS .. If Matt and Mike thought they had a lot to prove before..... they most certainly do now.. I still believe they have done a good job with the hand they have been dealt.. I think they've been walking on egg shells for some time having to be very careful about everything they say.. cuz any hint of doubt could send the share price tumbling and they were trying so hard to avoid this.. they are both good guys who believe in Afrezza...
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Post by almannlives on Feb 1, 2017 18:52:40 GMT -5
At the very least can we stop talking about RLS, amgen,epihale,vdex,dexcom...Etc. If the were anything positive on the horizon Matt would have definitely dragged it out today. All we got was we are finally going to apply to sell afrezza in other markets tx Matt.
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Post by wildthing on Feb 1, 2017 18:52:43 GMT -5
Suspect they will announce they're seeking shareholder approval of a reverse split. I wasn't surprised. It was something that simply had to be done and they were running out of time to do it. May as well bite the bullet -- perhaps literally as far as the share may react -- and accept the consequences rather than risk a mishap and end up actually getting delisted and then have to deal with those consequences.
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