|
Post by kc on Apr 6, 2017 11:28:58 GMT -5
Well, what if Matt had a buyout offer for say, $11 share, would you rather that he take the safe play and get half of your money back or would you rather they continue to go it alone, even if the chances of bankruptcy were 80%? Sell the company
|
|
|
Post by slugworth008 on Apr 6, 2017 11:51:17 GMT -5
Well, what if Matt had a buyout offer for say, $11 share, would you rather that he take the safe play and get half of your money back or would you rather they continue to go it alone, even if the chances of bankruptcy were 80%? Sell the company Agreed KC - Sell the co. Take the 11
|
|
|
Post by dreamboatcruise on Apr 6, 2017 12:07:32 GMT -5
Now there's a voice of confidence!! I am beginning to think that they (MNKD) is finally going to make it happen!! Time will tell! Being confident he'll eventually make Afrezza a success is an entirely different issue from being confident they won't have a bankruptcy reorganization as part of the path to get them there.
|
|
|
Post by fanz8967 on Apr 6, 2017 12:18:06 GMT -5
Well, what if Matt had a buyout offer for say, $11 share, would you rather that he take the safe play and get half of your money back or would you rather they continue to go it alone, even if the chances of bankruptcy were 80%? Sell the company But then Matt wouldn't get a big payout for all of his work. He put years in at Mannkind, don't you think he deserves some big financial reward for all of his years of service? His options aren't worth anything and $1M a year salary doesn't go very far these days. Don't you think that he should be entitled to at least $5 million in severance compensation for all of his efforts?
|
|
|
Post by rch51 on Apr 6, 2017 12:23:02 GMT -5
I'm in 7 years now. At least 5 separate purchases over that time. I'm down $280k, more than 90% - a huge loss on paper for me. To make matters worse I transferred all of the stock (IRA) into a Roth and paid the significant tax penalty to do so. I'll not be able to write off one dime!
Nobody has been a stronger believer than me. But at this point I see no happy ending for any of us except for the guys running the show pulling down 7 figure salaries. Hell, if I had a 7 figure contract I'd probably be doing the exact same thing. The company simply cannot seem to make Afrezza work for the larger Diabetic Community. Whatever the reason, take your pick, it makes me sick. For 7 years I've patiently and enthusiastically bought all of the BS Matt, and now Mike, have spooned out to shareholders. I no longer believe one word of management's excuses and Pollyanna prognostications. Yep, we're on the way, right around the corner.
I deleted Yahoo Finance MNKD board three years ago. I only check in here once a week now. My stomach can't take the stress of daily updates, forum rants and silly guessing games. I've lost so much by now that there's no point in selling so I guess I'm in to the bitter end. And, man, is it bitter! Sorry for the downer post. Hope some of you have a better outlook.
|
|
|
Post by jmkopp on Apr 6, 2017 12:38:18 GMT -5
I'm in 7 years now. At least 5 separate purchases over that time. I'm down $280k, more than 90% - a huge loss on paper for me. To make matters worse I transferred all of the stock (IRA) into a Roth and paid the significant tax penalty to do so. I'll not be able to write off one dime! Nobody has been a stronger believer than me. But at this point I see no happy ending for any of us except for the guys running the show pulling down 7 figure salaries. Hell, if I had a 7 figure contract I'd probably be doing the exact same thing. The company simply cannot seem to make Afrezza work for the larger Diabetic Community. Whatever the reason, take your pick, it makes me sick. For 7 years I've patiently and enthusiastically bought all of the BS Matt, and now Mike, have spooned out to shareholders. I no longer believe one word of management's excuses and Pollyanna prognostications. Yep, we're on the way, right around the corner. I deleted Yahoo Finance MNKD board three years ago. I only check in here once a week now. My stomach can't take the stress of daily updates, forum rants and silly guessing games. I've lost so much by now that there's no point in selling so I guess I'm in to the bitter end. And, man, is it bitter! Sorry for the downer post. Hope some of you have a better outlook. Mine was also in a traditional IRA and when it went down to $.60 I moved it into a Roth and paid the effing taxes. It wouldn't be so bad if I could sell and take a loss, but it just adds insult to injury that I can't. So, I am in for the duration as well. Good luck to us.
|
|
|
Post by kc on Apr 6, 2017 12:41:23 GMT -5
I took a loss last September that was offset by a very health gain. So I did a wash but then got back in as I believed we had seen the worst. I have faith that Mike C is doing all he can with the resources that he has available. But eventually they run out in 2017 if they don't get some traction in the new term.
|
|
|
Post by careful2invest on Apr 6, 2017 12:54:58 GMT -5
I'm in 7 years now. At least 5 separate purchases over that time. I'm down $280k, more than 90% - a huge loss on paper for me. To make matters worse I transferred all of the stock (IRA) into a Roth and paid the significant tax penalty to do so. I'll not be able to write off one dime! Nobody has been a stronger believer than me. But at this point I see no happy ending for any of us except for the guys running the show pulling down 7 figure salaries. Hell, if I had a 7 figure contract I'd probably be doing the exact same thing. The company simply cannot seem to make Afrezza work for the larger Diabetic Community. Whatever the reason, take your pick, it makes me sick. For 7 years I've patiently and enthusiastically bought all of the BS Matt, and now Mike, have spooned out to shareholders. I no longer believe one word of management's excuses and Pollyanna prognostications. Yep, we're on the way, right around the corner. I deleted Yahoo Finance MNKD board three years ago. I only check in here once a week now. My stomach can't take the stress of daily updates, forum rants and silly guessing games. I've lost so much by now that there's no point in selling so I guess I'm in to the bitter end. And, man, is it bitter! Sorry for the downer post. Hope some of you have a better outlook. Well, We share about the same time frame on our investment... We share the same IRA dilemma... We both share big losses, Unfortunately I am in deeper... And yes, it has been bitter, And I am in until the end as well... But, I am hoping for a rise in doctor/consumer acceptance, due to way overdue advertising/promotion. And a rise in script counts to start tomorrow and never look back!! Yep, there's a lot of hopium in my thought process, but it beats dwelling on a "potential" total loss! AFREZZA does work very well!! That has not changed since day one! The rest of the world needs to find out about it! This could still turn out to be an investment of a lifetime...and not "the worst investment of a lifetime" Hang in there!!!
|
|
|
Post by victoria on Apr 6, 2017 13:03:41 GMT -5
Over half a mil, down now to very low four figures. Just a gamble with lunch money left for me, on massive leverage. Good if something nice happens, else wiped out but no point selling.
|
|
|
Post by mnkdfann on Apr 6, 2017 13:30:45 GMT -5
Over half a mil, down now to very low four figures. Just a gamble with lunch money left for me, on massive leverage. Good if something nice happens, else wiped out but no point selling. If you're calling half a million 'lunch money', I think you're doing fine.
|
|
|
Post by careful2invest on Apr 6, 2017 13:36:40 GMT -5
Over half a mil, down now to very low four figures. Just a gamble with lunch money left for me, on massive leverage. Good if something nice happens, else wiped out but no point selling. If you're calling half a million 'lunch money', I think you're doing fine. Not to speak for Victoria, but I took it as all that is left from her half mil plus investment is basically equivalent to "lunch money" It has been a brutal beating!! I am hoping for a happy ending to it all. A happy ending is always nice, right?
|
|
|
Post by boca1girl on Apr 6, 2017 14:01:24 GMT -5
I did the IRA to Roth conversion on the first trading day of 2016, just before SNY dumped us. I lost almost 50% in one day and tried to get Fidelity to cancel the transaction but they couldn't. They exlained that I would be able to recharacterize (reverse) the move later in the year if I wanted but suggested that I wait to see if the stock would recover to the price I converted at ($1.46 pre R/S) before doing anything.
The stock did move back up to over $2 so I thought I made the right move and hung in there. By the end of the year the stock was far below $1.46 so I recharacterized rather than pay the tax to convert. But I really didn't understand the tax laws. Fidelity took all of the stock I held in my Roth to satisfy the recharacterization requirements (total $ value has to be returned) and I was still short about $15k. So now I still have to pay ordinary income tax on the $15k and all of the shares (non MNKD) that were held in my tax free Roth are now in my taxable IRA. Pretty dumb move on my part.
|
|
|
Post by victoria on Apr 6, 2017 15:33:18 GMT -5
Lol, yes the lunch money is the just under 2k I have left in this....
|
|
|
Post by mnkdfann on Apr 6, 2017 15:50:42 GMT -5
Lol, yes the lunch money is the just under 2k I have left in this.... Ah, fair enough. Reading this thread, I'm just happy I never invested all that much from the start. Not because I had doubts at the time. Just because I try never to take a big position in any single investment. It has never worked out well for me when I do. (Also, happy I sold pre-RS.)
|
|
|
Post by fanz8967 on Apr 6, 2017 16:03:31 GMT -5
Why don't all of you just double down, now that it is so cheap? What, you don't believe in the company anymore?
|
|