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Post by agedhippie on Mar 10, 2017 19:25:41 GMT -5
4Q16 ER is purposely on Thurs 3/16 after mkt close which will mark 10 consecutive trading days that Mnkd Pps is above $1 thereby preventing delisting. This will allow Matt to positively earn some grace from investors, then update new devs from a "position of strength". This prevents potential partners from low balling .... Burning 25% of the share price to remain listed is a curious way to earn good graces. I would have thought the best he could hope for was irritated acceptance. I am a bystander at this point and I would like him to get his act together so I can get back in. Many more actions from "positions of strength" and there is not going to be much left. Specifically I would like to hear what he intends to do about the next cash crunch which looks to me like it's due around July if past experience is anything to go by. I don't think he needs to worry about partners low balling - that requires partners.
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Post by slugworth008 on Mar 10, 2017 19:37:47 GMT -5
4Q16 ER is purposely on Thurs 3/16 after mkt close which will mark 10 consecutive trading days that Mnkd Pps is above $1 thereby preventing delisting. This will allow Matt to positively earn some grace from investors, then update new devs from a "position of strength". This prevents potential partners from low balling .... That's a joke right? You think shareholders are going to congratulate Matt on a job well done for a R/S that ended up eroding yet another 25% of the PPS, after he himself stated that the R/S wasn't something they were actively considering only two months prior, then trying to sell it as a positive development? Really? He should be apologizing, not expecting a pat on the back. There is no "position of strength" and any effort to sell it as such will only further destroy the claimant's credibility, what little of it remains for both Matt or anyone on this board trying to do the same. Look at the anemic script numbers every week and tell me that's strength. Please.... Agreed.
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Post by Deleted on Mar 10, 2017 19:46:43 GMT -5
4Q16 ER is purposely on Thurs 3/16 after mkt close which will mark 10 consecutive trading days that Mnkd Pps is above $1 thereby preventing delisting. This will allow Matt to positively earn some grace from investors, then update new devs from a "position of strength". This prevents potential partners from low balling .... Burning 25% of the share price to remain listed is a curious way to earn good graces. I would have thought the best he could hope for was irritated acceptance. I am a bystander at this point and I would like him to get his act together so I can get back in. Many more actions from "positions of strength" and there is not going to be much left. Specifically I would like to hear what he intends to do about the next cash crunch which looks to me like it's due around July if past experience is anything to go by. I don't think he needs to worry about partners low balling - that requires partners. very well said. At this point any partner is a good partner outside USA ..looking @ their track record of getting the pediatric protocol not ready yet since 3 quarters.
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Post by slugworth008 on Mar 10, 2017 20:34:12 GMT -5
Doesnt really matter what they say unless they have something substantial to announce. Like I said here mnkd.proboards.com/thread/7394/today-pps?page=6 (third post down) the bar has been set so low that management can do or say almost nothing or very little and some people here will be tripping over themselves to applaud. Perhaps Matt will begin the CC curled up in the fetal position sobbing uncontrollably and muttering incoherently......
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Post by careful2invest on Mar 10, 2017 21:31:49 GMT -5
4Q16 ER is purposely on Thurs 3/16 after mkt close which will mark 10 consecutive trading days that Mnkd Pps is above $1 thereby preventing delisting. This will allow Matt to positively earn some grace from investors, then update new devs from a "position of strength". This prevents potential partners from low balling .... That's a joke right? You think shareholders are going to congratulate Matt on a job well done for a R/S that ended up eroding yet another 25% of the PPS, after he himself stated that the R/S wasn't something they were actively considering only two months prior, then trying to sell it as a positive development? Really? He should be apologizing, not expecting a pat on the back. There is no "position of strength" and any effort to sell it as such will only further destroy the claimant's credibility, what little of it remains for both Matt or anyone on this board trying to do the same. Look at the anemic script numbers every week and tell me that's strength. Please.... Does anyone remember that we were just over $11 per share just after approval of a Revolutionary treatment for Diabetes. At that moment and since that moment it was Mannkind's managements job to see AFREZZA to fruition. MNKD Management has made blunder after blunder to get us to where we are now. Not certain if they can turn things around and pull it out, but marketing process and concepts must change! My reservoir of hopium is running dangerously low!
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Post by dreamboatcruise on Mar 10, 2017 21:36:57 GMT -5
Doesnt really matter what they say unless they have something substantial to announce. Like I said here mnkd.proboards.com/thread/7394/today-pps?page=6 (third post down) the bar has been set so low that management can do or say almost nothing or very little and some people here will be tripping over themselves to applaud. Perhaps Matt will begin the CC curled up in the fetal position sobbing uncontrollably and muttering incoherently...... I called that first. He'll need to come up with his own plan for the CC.
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Post by esstan2001 on Mar 12, 2017 13:43:32 GMT -5
Not my best work, but I got frustrated so I cranked this out and sent it in today:
To the Board of Directors, I've been a shareholder since 2008 that has attended the past 2 shareholder meetings. Unfortunately, Mannkind has missed more favorable opportunities to raise capital, possibly including a half billion offer during the 2016 ASM. I am greatly concerned as current scripts still show no sign of a ramp, revealing a real need for some type of financing event or deal coming soon. At this stage, it is paramount for the Board of Directors to insure that management clearly indicates the path of developments that will allow this company to successfully recapitalize while avoiding a bankruptcy filing, in order to restore some confidence in the value of our holdings. As financial, regulatory progress, deals, and commercialization developments seem not to be unfolding at a pace sufficient to ensure the company remains solvent, I urge you to please address this concern with the utmost of consideration during the next corporate communication. Thank you-
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Post by dreamboatcruise on Mar 12, 2017 13:55:55 GMT -5
Not my best work, but I got frustrated so I cranked this out and sent it in today: To the Board of Directors, I've been a shareholder since 2008 that has attended the past 2 shareholder meetings. Unfortunately, Mannkind has missed more favorable opportunities to raise capital, possibly including a half billion offer during the 2016 ASM. I am greatly concerned as current scripts still show no sign of a ramp, revealing a real need for some type of financing event or deal coming soon. At this stage, it is paramount for the Board of Directors to insure that management clearly indicates the path of developments that will allow this company to successfully recapitalize while avoiding a bankruptcy filing, in order to restore some confidence in the value of our holdings. As financial, regulatory progress, deals, and commercialization developments seem not to be unfolding at a pace sufficient to ensure the company remains solvent, I urge you to please address this concern with the utmost of consideration during the next corporate communication. Thank you- I'm guessing your letter isn't going to be met with "Oh, I guess he's right. Why didn't we think of giving those assurances before." With "consideration" they probably know that there is no way they can provide an assurance that a path exists to avoid bankruptcy. I count on them doing everything they can to avoid that eventuality, but they can't mislead investors if they know it is possible.
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Post by babaoriley on Mar 12, 2017 14:59:39 GMT -5
Any idea? ....timing of quarterly? More of the same. No partnerships. No new money. No nothing. Why didn't you say "nadathing" instead of "No nothing?" I find your handle particularly appropriate in these times!
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Post by esstan2001 on Mar 12, 2017 14:59:39 GMT -5
It's more of an expression of frustration than an expectation of any impossible guarantee- just trying to impart some sense of urgency to the board as they've done a medicore job to date of representing shareholder's interests.
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Post by babaoriley on Mar 12, 2017 15:02:41 GMT -5
I don't know how Matt will be able to show his face at the next shareholders meeting. After all the B.S. about "embarrassment of riches", "epic turn around", "r/s from a position of strength" blah, blah blah, no one will believe anything he has to say. He should think about all the lives he affected by his missteps. I lost well over $100K because I chose to believe in this life changing product and I'm just the average Joe living down the street. Hakan has a stake in this too. What a huge life mistake this was. Blame game, nice job of it, falcon! In case you are unaware, and you may be, what you describe above is not at all unique to MNKD, not even close, it happens a whole lot in the world of securities, and biotechs lead the pack!
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Post by babaoriley on Mar 12, 2017 15:04:58 GMT -5
So, coupled with the script count on Friday morning, I'm thinking there might be a slight spike in liquor consumed on St. Patrick's Day this year!
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Post by babaoriley on Mar 12, 2017 15:18:45 GMT -5
I believe the board is generally "overboard" on Matt and likely Mike, too. Just about every long I've seen on this board, including those past devoted longs that could divorce brain from heart and have since left, thought the same thing - "Afrezza is a no-brainer, it will fly off the shelves, it will sell itself." Turns out it's anything but a raging success, and to lay the blame on Matt (and some on Mike) is petty and mean-spirited and less than the best from us. Is there a way they could have known the uphill battles with which they would be faced? Well, the answer to that is "yes" - they could have listened to Feuerstein. Gee, we all could have listened to him, too! While I can't really, honestly blame Matt, I still hold Mnholdem to blame - he sounds so damn knowledgeable, how in the world could his bullishness have been misplaced? I give Sports a pass, after all, she's just a girl.
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Post by sla55 on Mar 12, 2017 15:42:20 GMT -5
I believe the board is generally "overboard" on Matt and likely Mike, too. Just about every long I've seen on this board, including those past devoted longs that could divorce brain from heart and have since left, thought the same thing - "Afrezza is a no-brainer, it will fly off the shelves, it will sell itself." Turns out it's anything but a raging success, and to lay the blame on Matt (and some on Mike) is petty and mean-spirited and less than the best from us. Is there a way they could have known the uphill battles with which they would be faced? Well, the answer to that is "yes" - they could have listened to Feuerstein. Gee, we all could have listened to him, too! While I can't really, honestly blame Matt, I still hold Mnholdem to blame - he sounds so damn knowledgeable, how in the world could his bullishness have been misplaced? I give Sports a pass, after all, she's just a girl. Wow! You're on fire today! babaoriley
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Post by lennymnkd on Mar 12, 2017 16:35:23 GMT -5
I'm resting my hopes on adapting AFREZZA//CGM to be what the future of prandial will become . It's Taylor made for a healthy , covenent lifestyle. It's the 2.0 matt spoke of . Who it rest with tech wise is probably yet to be determined ... lot of players , competive field ..... Dexcom ! Although glucowise looks interesting .. I think the cgm will really one day set us apart ..
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