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Post by u1682002 on Feb 1, 2017 23:57:58 GMT -5
I am curious who will still stay long after today's event?
I will. My argument is that I have stayed long for so long, why quit now.
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Post by ilovekauai on Feb 2, 2017 1:12:17 GMT -5
I want to apologize for expressing anger & shock during the CC today on the Shoutout Box. I've had time to calm down since then. You know, a poster who has never been friendly to MNKD made a comment on the Shoutout Box that a lot of investors "rose-colored glasses fell off their faces and shattered on the floor today," or something to that effect. Well, that comment stuck with and gnawed at me. I want to state that this investor never felt I was wearing "rose-colored glasses," and never will. I still believe in this company, in Afrezza, the management team, the sales force, and all the other good things that are happening & are about to happen with MNKD. I am NOT going anywhere. Here I will remain & here I will be when the tide is turned, r/s or no r/s, no matter the SP tomorrow or in the coming weeks. Get a grip on yourselves investors! Afrezza will catch on globally and in the end diabetics & investors will be the real winners, not the ones who had a field day today talking down MNKD in the Shoutout Box. Go MNKD! Aloha.
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Post by slugworth008 on Feb 2, 2017 2:07:58 GMT -5
I want to apologize for expressing anger & shock during the CC today on the Shoutout Box. I've had time to calm down since then. You know, a poster who has never been friendly to MNKD made a comment on the Shoutout Box that a lot of investors "rose-colored glasses fell off their faces and shattered on the floor today," or something to that effect. Well, that comment stuck with and gnawed at me. I want to state that this investor never felt I was wearing "rose-colored glasses," and never will. I still believe in this company, in Afrezza, the management team, the sales force, and all the other good things that are happening & are about to happen with MNKD. I am NOT going anywhere. Here I will remain & here I will be when the tide is turned, r/s or no r/s, no matter the SP tomorrow or in the coming weeks. Get a grip on yourselves investors! Afrezza will catch on globally and in the end diabetics & investors will be the real winners, not the ones who had a field day today talking down MNKD in the Shoutout Box. Go MNKD! Aloha. No need to apologize. This has been a painful journey to be sure. Your entitled to blow off some steam - and that's cool by me. |
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Post by silentknight on Feb 2, 2017 6:51:17 GMT -5
I made the comment and I stand by it. The call was difficult for everyone, me included. You accuse me of not being friendly to MNKD. I think I've been pretty fair, but perception is reality i suppose. I think you and others have been too friendly. Sadly I had predicted that a R/S was coming and I was called a basher, FUDster, a short, and every other negative term imaginable by people on this board simply for calling the situation as it is, not as I would like it to be. People live in La-La land here sometimes. The endless speculation about buyouts, mergers, and partnerships combined with the blind faith put into management is a recipe for absolute disaster and what you saw yesterday was a pretty rough reality check for a lot of people here.
I used to have those same rose colored glasses when I first invested in MNKD after Afrezza's second CRL and I rode the wave after it was almost unanimously approved a short time later. How can something so good possibly fail right? Look at the last two years and you'll see how it can. As the SNY debacle started to unfold, I started to take an unbiased look at the facts, as they were and not as I'd like them to be. In doing that, one could see that the company was struggling. It's no different today which is why we are now facing a R/S. I hold 55,000 shares long with a average share price of $2.50 or so. You do the math on how much I have invested. I'm going to take a huge haircut, once again, on my investment because of what in my mind, is poor execution and huge mistakes by management. We saw another one yesterday by Matt when he said MNKD is splitting out of a position of strength. That's a lie and everyone knows it's a lie. Pair that with his "embarrassment of riches" statement and his "I'm not worried about a R/S" comments from the last quarterly and he's done a better job of undermining his own credibility than anyone else ever could. I appreciate his passion and work, but he's just not getting the job done. Looking at script numbers, share price, a new R/S and Mike's statement that 9 out of 10 people still don't know about Afrezza and it makes you wonder what they've spent $120 million dollars on last year based on their current cash burn. The effort is there but the results are not. Results is the only thing that matters. Much of that lies at the feet of the BoD as well.
I want MNKD to succeed. I have too much money invested to see it want to fail, but I will continue to hold the company accountable for egregious errors and lack of execution. People invest in a company believing good things are ahead. Perhaps they are. I certainly hope so. But I would encourage people to be less emotionally invested in MNKD and more independent in your analysis of the company. It will likely make the inevitably difficult road ahead much easier to manage. No, Afrezza's success is not guaranteed and without substantial improvements in execution, neither is MNKD's.
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Post by kball on Feb 2, 2017 7:33:40 GMT -5
A lot of us have taken haircuts that would make Homer Simpson look like a greek god.
I took my lumps but will continue to remain after the R/S.
Having said that, I'm now down to only 500 shares after 4-5 large sales.
Next stop, my accountant telling me how brilliant i am for investing so much in this company.
And requesting payment up front
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Post by kbrion77 on Feb 2, 2017 8:10:24 GMT -5
I made the comment and I stand by it. The call was difficult for everyone, me included. You accuse me of not being friendly to MNKD. I think I've been pretty fair, but perception is reality i suppose. I think you and others have been too friendly. Sadly I had predicted that a R/S was coming and I was called a basher, FUDster, a short, and every other negative term imaginable by people on this board simply for calling the situation as it is, not as I would like it to be. People live in La-La land here sometimes. The endless speculation about buyouts, mergers, and partnerships combined with the blind faith put into management is a recipe for absolute disaster and what you saw yesterday was a pretty rough reality check for a lot of people here. I used to have those same rose colored glasses when I first invested in MNKD after Afrezza's second CRL and I rode the wave after it was almost unanimously approved a short time later. How can something so good possibly fail right? Look at the last two years and you'll see how it can. As the SNY debacle started to unfold, I started to take an unbiased look at the facts, as they were and not as I'd like them to be. In doing that, one could see that the company was struggling. It's no different today which is why we are now facing a R/S. I hold 55,000 shares long with a average share price of $2.50 or so. You do the math on how much I have invested. I'm going to take a huge haircut, once again, on my investment because of what in my mind, is poor execution and huge mistakes by management. We saw another one yesterday by Matt when he said MNKD is splitting out of a position of strength. That's a lie and everyone knows it's a lie. Pair that with his "embarrassment of riches" statement and his "I'm not worried about a R/S" comments from the last quarterly and he's done a better job of undermining his own credibility than anyone else ever could. I appreciate his passion and work, but he's just not getting the job done. Looking at script numbers, share price, a new R/S and Mike's statement that 9 out of 10 people still don't know about Afrezza and it makes you wonder what they've spent $120 million dollars on last year based on their current cash burn. The effort is there but the results are not. Results is the only thing that matters. Much of that lies at the feet of the BoD as well. I want MNKD to succeed. I have too much money invested to see it want to fail, but I will continue to hold the company accountable for egregious errors and lack of execution. People invest in a company believing good things are ahead. Perhaps they are. I certainly hope so. But I would encourage people to be less emotionally invested in MNKD and more independent in your analysis of the company. It will likely make the inevitably difficult road ahead much easier to manage. No, Afrezza's success is not guaranteed and without substantial improvements in execution, neither is MNKD's. This is a great post and identical to my sentiments. Posters are really mixing up realists and FUDsters. The quicker people can shift to "what you see is what you get" with MNKD the easier it is on the emotions. I will continue to call out lunacy posts from the select few who continue to disregard the existing situation. Lakers and MikesM had a hand in making YMB what it is today (which is basically dismantled) and now are over here continuing years worth of false prophecies with this company. I want nothing more than this company to succeed with a portfolio of Techno products generating substantial revenues from licensing deals, that is why I invested, but I just don't think we can get there without being forced to sell off either pieces of the company or entire thing. Mike has the biggest task of his life and I would say 70% chance he can't do it but if he does he will be a legend in Pharma. Matt needs to find a visionary CEO and step aside. He has entrenched himself and knows more about MNKD and Afrezza than anyone on the planet but that doesn't mean he should be CEO. Either absolutely no one in the biotech world has any appetite for Technosphere and they think it is wasted technology or folks we have the most incompetent management in the history of business. |
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Post by slugworth008 on Feb 2, 2017 10:00:52 GMT -5
I made the comment and I stand by it. The call was difficult for everyone, me included. You accuse me of not being friendly to MNKD. I think I've been pretty fair, but perception is reality i suppose. I think you and others have been too friendly. Sadly I had predicted that a R/S was coming and I was called a basher, FUDster, a short, and every other negative term imaginable by people on this board simply for calling the situation as it is, not as I would like it to be. People live in La-La land here sometimes. The endless speculation about buyouts, mergers, and partnerships combined with the blind faith put into management is a recipe for absolute disaster and what you saw yesterday was a pretty rough reality check for a lot of people here. I used to have those same rose colored glasses when I first invested in MNKD after Afrezza's second CRL and I rode the wave after it was almost unanimously approved a short time later. How can something so good possibly fail right? Look at the last two years and you'll see how it can. As the SNY debacle started to unfold, I started to take an unbiased look at the facts, as they were and not as I'd like them to be. In doing that, one could see that the company was struggling. It's no different today which is why we are now facing a R/S. I hold 55,000 shares long with a average share price of $2.50 or so. You do the math on how much I have invested. I'm going to take a huge haircut, once again, on my investment because of what in my mind, is poor execution and huge mistakes by management. We saw another one yesterday by Matt when he said MNKD is splitting out of a position of strength. That's a lie and everyone knows it's a lie. Pair that with his "embarrassment of riches" statement and his "I'm not worried about a R/S" comments from the last quarterly and he's done a better job of undermining his own credibility than anyone else ever could. I appreciate his passion and work, but he's just not getting the job done. Looking at script numbers, share price, a new R/S and Mike's statement that 9 out of 10 people still don't know about Afrezza and it makes you wonder what they've spent $120 million dollars on last year based on their current cash burn. The effort is there but the results are not. Results is the only thing that matters. Much of that lies at the feet of the BoD as well. I want MNKD to succeed. I have too much money invested to see it want to fail, but I will continue to hold the company accountable for egregious errors and lack of execution. People invest in a company believing good things are ahead. Perhaps they are. I certainly hope so. But I would encourage people to be less emotionally invested in MNKD and more independent in your analysis of the company. It will likely make the inevitably difficult road ahead much easier to manage. No, Afrezza's success is not guaranteed and without substantial improvements in execution, neither is MNKD's. Excellent post. Disclosure: I hold 50K shares long at an average share price of 2.80 |
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Post by almannlives on Feb 2, 2017 10:08:46 GMT -5
Excellent post silent Knight. I share your pain. I also believe we are well past the point of where Matt needs to be replaced, but who would take take the job at this point? I wonder where we would be right now if Duane Desisto took the job. Im so sad this whole situation stinks.
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Post by kc on Feb 2, 2017 10:13:53 GMT -5
The issue is not Matt its the Board and the Mann Foundation. The company needs to be put up for sale. Better to do it today than have it bought out of bankruptcy.
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Post by silentknight on Feb 2, 2017 10:34:12 GMT -5
The issue is not Matt its the Board and the Mann Foundation. The company needs to be put up for sale. Better to do it today than have it bought out of bankruptcy. I think Matt has been a pretty good CFO, with his one and only negative in that capacity being that he didn't use the FDA approval to offer a secondary when the stock was at $11. If that had been done, all of the noise last year about runway, ATMs, etc. would never have happened. As a CEO, I think he's done the best job that he could, but I think he's ill prepared and inexperienced in getting the company to where it needs to be. He's stuck his foot in his mouth so many times that he's starting to rival Hakan in that regard. Ultimately, the BoD bears a lot of responsibility too. They haven't led this company in an effective manner either and shareholders have suffered as a result. I will vote for the R/S because it's what's needed. I will have to seriously examine any further votes to maintain the current BoD members in their positions. I'm no longer interested in rewarding poor performance. We need outside help and I too favor a sale. Preferably Afrezza but the company outright if possible. |
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Post by novafett on Feb 2, 2017 10:48:26 GMT -5
Staying.. no point in leaving now. Go down with the ship or fly off in the sunset with the rocket  |
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Post by humann on Feb 2, 2017 11:03:30 GMT -5
Sadly, I decided to sell this morning. Incidentally, I did not "hear the fear" in Matt or Mike's voice yesterday and don't feel terribly critical of either. I still can't help but think that there is huge potential for Afrezza, but I sold because I couldn't convince myself that holding thru the R/S would be a good move. There is not a likely reason that any buyer's will approach this in the meantime, so I can only imagine the sp will continue to shrink. It was a tough pill to swallow as I was down ~70% and do still hold a long sentiment (or at least hope) toward MNKD. I may take a position again after the split because I do expect sales to pick up. My respect goes out to those of you who have held much more and for a longer time and I hope you will get to reap the rewards of your early adoption and commitment to investing in a life changing drug.
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Post by nadathing on Feb 2, 2017 11:04:02 GMT -5
I'm in so deep I'll just go down with the ship.
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Post by nadathing on Feb 2, 2017 11:07:05 GMT -5
The issue is not Matt its the Board and the Mann Foundation. The company needs to be put up for sale. Better to do it today than have it bought out of bankruptcy. I agree. There is absolutely no interest from BP to partner with MNKD for Technosphere. That puts TS as worthless in my opinion. It was over a year ago they announced the Epi application and can't find a partner. Afrezza is a failure in the T2 community and adults with T1. The market is juvenile diabetes and we can't afford the trials. Sell the company for $1 a share if they can get it. I'll lick my wounds and call it a day. |
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Post by dg1111 on Feb 2, 2017 11:32:32 GMT -5
I don't think the reverse split changes much. If Afrezza starts to sell, the company succeeds. If it doesn't, the company goes bankrupt.
I think I would prefer the reverse split over rushing into a bad deal that we would have to live with indefinitely. Mannkind is fully in control of its own destiny. The ground work is done. The only thing left to do now is execute.
Personally, I am so far down on this stock that it makes sense to just ride it out. I still think the company can succeed, but I certainly thought that we would be at higher sales by now.
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