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Post by slugworth008 on Apr 12, 2017 10:42:03 GMT -5
One thing is for certain, things are getting interestinger and interestinger! Way too much projection on these filings. The one thing that is certain is that I have a more than 95% loss (on paper at the moment) on my investment with the likelihood of little being recovered if any at all and from what I can gather I am in good company. Whatever possible changes these filings allude to or are in anticipation of they are clearly there to protect management. And what is also clear is that management has done little to protect retail shareholders. If they need to sacrifice existing shareholders again to save the company, like they did with the RS with nothing to support it, they will do it again without hesitation. Something to keep in mind. That's all we have are our own projections. Sad. ALL I can say is. SELL IT and SELL IT and SELL IT. Be it scripts or the Company.
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Post by fanz8967 on Apr 12, 2017 13:03:46 GMT -5
Way too much projection on these filings. The one thing that is certain is that I have a more than 95% loss (on paper at the moment) on my investment with the likelihood of little being recovered if any at all and from what I can gather I am in good company. Whatever possible changes these filings allude to or are in anticipation of they are clearly there to protect management. And what is also clear is that management has done little to protect retail shareholders. If they need to sacrifice existing shareholders again to save the company, like they did with the RS with nothing to support it, they will do it again without hesitation. Something to keep in mind. That's all we have are our own projections. Sad. ALL I can say is. SELL IT and SELL IT and SELL IT. Be it scripts or the Company. I don't get it. Does everyone here think that Matt is getting ready to screw them over? Why not just buy more before the big buyout?
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Post by peppy on Apr 12, 2017 13:21:18 GMT -5
I think Matt wants to see Afrezza succeed. I think he wants to see MNKD succeed. He and the board plus we all saved the listing for now. I would buy that price says we are holding a piece of chit, however The Continuous Glucose Monitors posted by the afrezza users that have continuous glucose monitors, are showing afrezza works very well to control post meal glucose. Those continuous glucose monitors are pretty clear and objective.
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Post by cjm18 on Apr 12, 2017 13:24:27 GMT -5
Smart money isn't expecting a buy out right now. Monday's session was full of shorting. Matt was exploring a buyout when sanofi dropped us in early 2016. Where were these sec filings about change of control back then?
Is the Mann group divesting? That can't be bullish unless they are selling their shares to a new owner.
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Post by dreamboatcruise on Apr 12, 2017 13:27:02 GMT -5
That's all we have are our own projections. Sad. ALL I can say is. SELL IT and SELL IT and SELL IT. Be it scripts or the Company. I don't get it. Does everyone here think that Matt is getting ready to screw them over? Why not just buy more before the big buyout? Matt may at some point feel forced into selling. I wouldn't necessarily consider it as "screwing" shareholders as it may be the least painful option for shareholders if it becomes apparent that bankruptcy is otherwise inevitable. Though the "change of control" document does add an aspect that will feel like a slap in the face if we get a buyout down here at this market cap. I hope Matt would not sell now if there is any option to finance the company. I do still believe Afrezza has potential to be successful. After sticking with it this long, I'd hate to be forced out of my position in MNKD at such a huge loss. Why not buy more? Because even supposing rumors of acquisition talks are real, the potential upside is still iffy compared to the potential losses. As stated above, I believe that acquisition where we are now with market cap should ONLY be occurring if bankruptcy is looking unavoidable. So if indeed acquisition discussions are occurring, it would be weighing a potential premium over current market cap an acquirer might pay vs the risk that the deal falls through, which would then lead to bankruptcy (assuming my conditions under which they should be considering acquisition). Not a bet I'd be making. It's hard to negotiate for a large premium when one is facing bankruptcy. I'm hoping these acquisition rumors are false. But if bankruptcy is deemed unavoidable by management, then it is what they should do.
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Post by slugworth008 on Apr 12, 2017 13:28:31 GMT -5
That's all we have are our own projections. Sad. ALL I can say is. SELL IT and SELL IT and SELL IT. Be it scripts or the Company. I don't get it. Does everyone here think that Matt is getting ready to screw them over? Why not just buy more before the big buyout? I think Matt's sole focus is making sure Afrezza survives regardless of what happens to shareholders. IMO
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Post by Cowgirl on Apr 12, 2017 13:45:42 GMT -5
Management - which in the past included Al Mann - were simply relying on their arrogance (earned from past exceptional inventions/$$) and the belief Afrezza would be a game changer etc. I don't agree that management wasn't looking out for the retail investor as management was too arrogant to look out for "retail investors and all "investors" - which INCLUDED AL MANN. AL MANN can't be considered a "retail investor". Now, his money (foundations stake in MNKD) is gone too!
One of the reasons I invested in MANNKIND was the amount of skin in the game Al MANN had in MNKD. It, as a percentage of shares, was ennormous. Yet even that didn't matter as the ramp up/take off is hindered and too slow. It's tragic and unbelievable particularly for a product that appears to work very well but it happened.
And btw....Matt is indeed fully engaged to the best of his abilities to try to make Afrezza work. Problem is HE doesn't control market acceptance, dr. reluctance to change, insurers etc. So...he'll try his hardest but, as we've seen so far, it doesn't guarentee success. And do remember - He makes his enormous salary regardless. One day it may end but A) he's even protected there and B) one only needs enormous salary for so long before having enough/plenty to be comfortable and happy.
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Post by dreamboatcruise on Apr 12, 2017 13:48:34 GMT -5
I think Matt wants to see Afrezza succeed. I think he wants to see MNKD succeed. He and the board saved the listing for now. I would buy that price says we are holding a piece of chit, however The Continuous Glucose Monitors posted by the afrezza users that have continuous glucose monitors, are showing afrezza works very well to control post meal glucose. Those continuous glucose monitors are pretty clear and objective. They are clear and objective... within a certain context. They are still subject to self selection... i.e. those choosing to post their curves regarding Afrezza use are obviously doing so because they want to show off success. It proves that good results can be achieved. Doesn't mean that some, or possibly even many, are not achieving the same good results. What we know about pk/pd of Afrezza leads to good argument that Afrezza is a tool that can facilitate those types of results if patients are properly educated about Afrezza. We do know that this proper education has in the past not occurred for many and that it has led to poor results, dissatisfaction and discontinuation of Afrezza. Hopefully the education problem is largely behind us. We are in a race with time to convince doctors that those results are indicative of the unique pk/pd of Afrezza and not merely an artifact of self selection.
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Post by sportsrancho on Apr 12, 2017 13:53:05 GMT -5
That's all we have are our own projections. Sad. ALL I can say is. SELL IT and SELL IT and SELL IT. Be it scripts or the Company. I don't get it. Does everyone here think that Matt is getting ready to screw them over? Why not just buy more before the big buyout? I in no way think anyone is getting ready to screw us over:-) I think we are on the brink of turning this around. Another company may have recognized it? SNY would be watching closely. It will turn out to be one of their big mistakes as time passes. It's kinda like buy now or cry later if you don't get back to even...maybe for us and SNY.
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Post by mnkdfann on Apr 12, 2017 13:57:17 GMT -5
Smart money isn't expecting a buy out right now. Monday's session was full of shorting. Matt was exploring a buyout when sanofi dropped us in early 2016. Where were these sec filings about change of control back then? I was going to say that Smart Money isn't even following this stock, but then I realised that would be a back handed diss to everyone on this forum (myself included). More accurately, what I mean is that (IMO) Smart Money Wall Street analysts aren't even really following or trading this stock. Hence the crickets on the last couple of conference calls wrt analyst questions.
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Post by cjm18 on Apr 12, 2017 13:58:13 GMT -5
Afrezza works (when you have a cgm). Sanofi knows it. All of us know it. That's why we invested in it. But to be bought out at even a 50% premium to today's stock price or some sort of comparable stock swap would still be a slap in the face to people who have been in this for years. I would like to see something like a loan in exchange for an equity stake. Like Sirius had. Liberty put their people on the Sirius board. A control agreement might be useful for that. Mannkind based in crappy sales is not in a position of strength. The aquiring company could wait much longer before pulling the trigger. They could wait until cash is almost out knowing another round of dilution would be awful.
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Post by cjm18 on Apr 12, 2017 14:01:20 GMT -5
Smart money isn't expecting a buy out right now. Monday's session was full of shorting. Matt was exploring a buyout when sanofi dropped us in early 2016. Where were these sec filings about change of control back then? I was going to say that Smart Money isn't even following this stock, but then I realised that would be a back handed diss to everyone on this forum. More accurately, what I mean is that (IMO) Smart Money Wall Street analysts aren't even really following or trading this stock. Hence the crickets on the last couple of conference calls wrt analyst questions. By Smart money I mean people who shorted this stock. Saw it as over priced. Professional traders.
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Post by fanz8967 on Apr 12, 2017 14:12:54 GMT -5
I don't get it. Does everyone here think that Matt is getting ready to screw them over? Why not just buy more before the big buyout? I in no way think anyone is getting ready to screw us over:-) I think we are on the brink of turning this around. Another company may have recognized it? SNY would be watching closely. It will turn out to be one of their big mistakes as time passes. It's kinda like buy now or cry later if you don't get back to even...maybe for us and SNY. Thank you SportsRancho, at least someone here still believes in Matt. Everyone else thinks that he is just making off with his big salary and couldn't give a rat's patootie about the company. But a few on here messaged me and told me that is not true, that his is going to make an epic change and bring back all of the lost money in the stock. If he wasn't he wouldn't be giving himself a big golden parachute. I believe in him. He's no liar!
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Post by dreamboatcruise on Apr 12, 2017 14:52:21 GMT -5
I in no way think anyone is getting ready to screw us over:-) I think we are on the brink of turning this around. Another company may have recognized it? SNY would be watching closely. It will turn out to be one of their big mistakes as time passes. It's kinda like buy now or cry later if you don't get back to even...maybe for us and SNY. Thank you SportsRancho, at least someone here still believes in Matt. Everyone else thinks that he is just making off with his big salary and couldn't give a rat's patootie about the company. But a few on here messaged me and told me that is not true, that his is going to make an epic change and bring back all of the lost money in the stock. If he wasn't he wouldn't be giving himself a big golden parachute. I believe in him. He's no liar! I do not believe he "couldn't give a rat's... ". I just am skeptical he has the ability to turn the ship around within the timeframe necessary to avoid bankruptcy or shareholder devastating dilution. I do realize there are some expressing that he doesn't care about shareholders, but I suspect even among the dour of us, most simply lack confidence in his success prospects. I would agree with Sports to an extent. I thinking a turn around is in progress. I just don't see evidence it will be a "brink" type turn around. it may be painfully slow... to the point of causing MNKD to hit the cash flow liquidity wall. In fact I'm pretty certain the wall is unavoidable. Just an issue of whether they slam into it full force or they manage to slow down and bounce off it in a painful but marginally graceful way.
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Post by fanz8967 on Apr 12, 2017 15:09:37 GMT -5
I don't get it. Does everyone here think that Matt is getting ready to screw them over? Why not just buy more before the big buyout? I in no way think anyone is getting ready to screw us over:-) I think we are on the brink of turning this around. Another company may have recognized it? SNY would be watching closely. It will turn out to be one of their big mistakes as time passes. It's kinda like buy now or cry later if you don't get back to even...maybe for us and SNY. If SportsRancho is buying, I'm buying! You know what they say about MNKD, this could be your last chance to buy at these prices :-) Don't say auntie Fanny didn't warn you.
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