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Post by agedhippie on Feb 1, 2017 18:54:23 GMT -5
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. Insiders and tracker funds gets you to 45%. Finding a further 5% of shareholders who cannot live with delisting will not be hard.
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Post by kball on Feb 1, 2017 18:55:33 GMT -5
Wondering what morale around the company looks like?
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Post by almannlives on Feb 1, 2017 18:58:26 GMT -5
Morale god I didn't think about that. Imagine if you're a member of the third sales team trying to sell this and they gave you stock options Oui vey.
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Post by agedhippie on Feb 1, 2017 19:09:09 GMT -5
Wondering what morale around the company looks like? Difficult to tell. If it's not what people signed up for things are going to be bad. If there is a startup "us against the world" mentality it could be quite good.
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Post by mnkdfann on Feb 1, 2017 19:26:30 GMT -5
Wondering what morale around the company looks like? Difficult to tell. If it's not what people signed up for things are going to be bad. If there is a startup "us against the world" mentality it could be quite good. Actually, I'm sort of thinking that morale around the company is about the same (as bad) as it ever was in recent months. Some investors were oblivious as to how bad things with MNKD are, but I think the employees did not have that luxury.
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Post by Deleted on Feb 1, 2017 19:36:41 GMT -5
I have spoken to one of the regional managers recently and I can tell you he is extremely enthusiastic about the future of Afrezza, MannKind and Michael.
Is he biased? Of course he is but the tone in his voice sounded sincere.
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Post by LosingMyBullishness on Feb 1, 2017 19:40:35 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. 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... I can see why reverselo critizises the feelings that many here put into this stock. Sweedee, a price of a share is meaningless (as long as it is not so low that these shares are not traded by certain funds). This psychology is what makes some retailers buy or sell a stock. Most of the time this is a bad decision. The market is cool and it decided that Matt, Mike and all the others we do not see did a terrible job, literally. I do not see what Ken Kresa and the other guys at the board are doing beside getting paid for it. And I wonder what Ray and Joseph are really busy with. I find it very important that these people are good guys but it is also important that they deliver. They get money for what they are doing.
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Post by BlueCat on Feb 1, 2017 19:41:35 GMT -5
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Post by LosingMyBullishness on Feb 1, 2017 19:43:21 GMT -5
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. My appology: I tend to summarize this under "institutions". Or do you believe that these are some retail lone wolves?
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Post by paaz77 on Feb 1, 2017 19:50:06 GMT -5
imo, shorts will be lining up to short this right after R/S and ride it back down from $5-$10 or whatever the price lands at like they have done already. Gave them a second helping to mke a lot more loot. I'm thinking about it to recoup my of my long lost loot. It's a shame that after all these years its come to this....
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Post by mbseeking on Feb 1, 2017 19:50:47 GMT -5
Folks, just listened to the call and and have been following the threads. Have to say this is the first time I've had a fairly major disconnect between my thinking and the 'flow' on this board. The general consensus seems to be pretty negative. I dont see it. It was a housekeeping call announcing the set up for a possible RS. Did anyone seriously investing in this company for some time not see this coming? I dont get all the negativity this evening - unless it is residual scar tissue from the decline in the last year. Which is fair enough , I sure have my bumps. But so what.. we have a little bit of cash.. and sales force with real skin in the game, beginnings of movement on the payers and finally a focus on T2. All in? probably not for me. But the insulin business is huge and Afrezza is at least as good as any injectable.
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Post by seanismorris on Feb 1, 2017 19:51:12 GMT -5
After stewing on the conference call for a while... you know what pisses me off the most?
The pediatric trial.
I happen to think it's of critical importance, though obviously management feels differently...
They were like "oh by the way, we're almost ready to start the pediatric study".
And, I'm thinking Management is like teenagers procrastinating (studying for a test).
What the $&$@&$ is taking so long? Sanofi already did most of the foot work. MannKind has had years to think about it, and they announced they were going move forward 6 months ago.
If MannKind was on-the-ball they could have presented the results by now...
I'm really wondering if they are just collecting paychecks until the end. The only reason more people haven't bailed is because the shares are practically worthless.
Note To Investors: When a company's employees sell shares... GET OUT immediately.
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Post by paaz77 on Feb 1, 2017 19:54:52 GMT -5
i want to know what happens to my 2018 options and the shorts after a reverse split? www.investopedia.com/ask/answers/05/shortsalesplits.aspNeither a long nor a short position is materially affected by a stock split - the value of the position does not change. So, if a company has announced that it will split in six months, it should have no bearing on the attractiveness of the short investment.
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Post by derek2 on Feb 1, 2017 19:58:22 GMT -5
According to the latest fails to deliver report, the total oustanding naked short shares on Jan 12 was 702 shares. Not 702 Million or 702K. 702 shares. I suspect that number will be significantly larger in 4 days. Then it will drop as shares are sourced.
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Post by mnkdfann on Feb 1, 2017 20:01:09 GMT -5
Anything is possible, but IMO what he is describing is an exception to the general rule. I mean, come on, this was American International Group (AIG) in the midst of the worst financial crisis in generations. The federal government had taken 79.9% of AIG equity, so I can only imagine the shares were getting hard to short. I very much doubt the feds are looking to take a controlling interest in MNKD. FWIW, Peter Bookvar is the same analyst who predicted DOW 5000 (you can google that).
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