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Post by matt on Mar 30, 2017 7:30:38 GMT -5
Only person I've seen on any of these discussions forums that seems to know the pharmaceutical industry is Matt from this board. I'd vote for him. Nice of you to say but: 1. I am in the process of launching a new company of my own that has been in the works for several years, and 2. I honestly don't know what I would do with Mannkind. Once you have partnered with a logical big pharma company it is almost impossible to do so again. You can scream that it was all Sanofi's fault, and that might be true to some extent, that is a very tough message to sell to the next guy. Besides, it takes any management team a minimum of six months, and more like twelve months, to become effective and Mannkind may not have twelve months. The company has a strategy that makes sense, all things considered, and changing horses at this point is probably counterproductive. The issue is cash and the financial markets are going to do what they are going to do. The balance sheet is not conducive to any form or shareholder friendly financing due to the combination of debt overhang and lack of operating results. If anybody wants the asset they can simply wait a while longer and pick it up for pennies. So pray for Matt (the other one) and Mike to drive some results; they are the best bet.
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Post by zuegirdor on Mar 30, 2017 12:26:58 GMT -5
Only person I've seen on any of these discussions forums that seems to know the pharmaceutical industry is Matt from this board. I'd vote for him. Nice of you to say but: 1. I am in the process of launching a new company of my own that has been in the works for several years, and 2. I honestly don't know what I would do with Mannkind. Once you have partnered with a logical big pharma company it is almost impossible to do so again. You can scream that it was all Sanofi's fault, and that might be true to some extent, that is a very tough message to sell to the next guy. Besides, it takes any management team a minimum of six months, and more like twelve months, to become effective and Mannkind may not have twelve months. The company has a strategy that makes sense, all things considered, and changing horses at this point is probably counterproductive. The issue is cash and the financial markets are going to do what they are going to do. The balance sheet is not conducive to any form or shareholder friendly financing due to the combination of debt overhang and lack of operating results. If anybody wants the asset they can simply wait a while longer and pick it up for pennies. So pray for Matt (the other one) and Mike to drive some results; they are the best bet. If what you say about one shot at success with BP is true, it supports the thesis that Sanofi would have picked up Afrezza with the intention of dropping it before it could be developed further. Problem of disruptive technology solved! This behavior leaves me feeling unsettled. It suggests a decadent business culture and attitude- exclusionary pricing (a pyramid scheme), market gaming and deregulation, suppressed innovation. Perhaps our diabetic family and friends are all better off just to die-off as nature intended? We need to understand that the dynamic of increased global population and resource depletion is forcing us to choose. Most other industrialized nations, with arguably less of a resource buffer than the US, long ago felt forced to make the correct choice of health care model. We have enjoyed just enough prosperity to run our micro and macro scale pyramid schemes and avoid making that critical choice of healthcare model until recently. Whether deliberate or naive, market and capitalist ideologues appear poised to drive this country backwards fast in order to benefit a shrinking slice of the population. The Afrezza story up to this point is the best fine scale proof I have ever seen that we must soon choose between the "infallibility of free markets" and flawed, ponderous, but pragmatic government. The larger crisis in health care markets evinces this choice as well. So far we have chosen to step back from the abyss. I hope you are in an influential position to remind the business community that it will not fare well if we choose poorly. I have a feeling, that as a MNKD investor, you probably already realize the pickle we are in...?
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Post by sportsrancho on Mar 30, 2017 14:42:04 GMT -5
Not only do we feed the sharks info. We engage them in conversation and then cry when they bite us. Guilty.. I'm about done. I'll decide when it's safe to get back in the water:-)
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Post by chuck on Mar 30, 2017 14:55:15 GMT -5
Black belt being called out by a very confident white belt...... yah
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Post by sweedee79 on Mar 30, 2017 14:58:12 GMT -5
Not only do we feed the sharks info. We engage them in conversation and then cry when they bite us. Guilty.. I'm about done. I'll decide when it's safe to get back in the water:-) Good Luck Sports .. I'm waiting to get back in the water also, presplit .. Things aren't looking good .. as Matt stated above it takes time and money, both of which we are running short of ..
I also agree that Matt P and Mike have a good enough strategy .. under these circumstances it is very difficult ..
I saved myself 14K by getting out presplit... not a lot .. but I can use that to make back some of what I lost in another stock ..
I still have optimism and hope for the company.. and the best insulin available, thanks to Al Mann ..
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Post by slugworth008 on Mar 30, 2017 15:08:58 GMT -5
I think at the next annual shareholders meeting, a proposal calling for the resignation of the BOD should be made. In addition, although it may be to late, a search for a new CEO and management team should be proposed. Reasons for such motions are obvious, especially after going through responses to my simple question of 'Can you explain...' Agreed - if for no other reason than to voice long investors supreme disapproval with our current situation. Other than that - Chris Viehbacher as a director or CEO
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Post by sportsrancho on Mar 30, 2017 15:12:02 GMT -5
It's best at this point to just let the sharks talk to themselves!
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