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Post by mango on Apr 18, 2017 13:07:12 GMT -5
New MannKind Patent Granted 4/18/2017 Determining percent solids in suspension using Raman spectroscopyType: Grant Filed: June 28, 2016 Date of Patent: April 18, 2017 Assignee: MannKind Corporation Inventors: Jason J. Antunovich, Arthur T. Hamfeldt, Rodney J. Woods, Sam C. Shum patents.justia.com/patent/9625390 |
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Post by cedafuntennis on Apr 18, 2017 14:25:59 GMT -5
I am worried that Mannkind is on its way to setting a record for the company with the most approved patents to go bankrupt. At this rate, blind confidence that it will not happen is no longer an option. We need to know why it will not happen and how will patients continue to get their Afrezza produced by Mannkind.
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Post by dreamboatcruise on Apr 18, 2017 15:17:45 GMT -5
I am worried that Mannkind is on its way to setting a record for the company with the most approved patents to go bankrupt. At this rate, blind confidence that it will not happen is no longer an option. We need to know why it will not happen and how will patients continue to get their Afrezza produced by Mannkind. I think high tech industry littered with companies with tons of patents that go bankrupt... e.g. Nortel. And patents have less value to a nearly bankrupt company since even strong patents require financial backup to enforce them. Who on earth has blind confidence that it will not happen? Sorry, I guess there are some here. I doubt anyone at Mannkind has that confidence. Mannkind should have quite a stockpile of Afrezza since they have tons of spare manufacturing capacity. At some point Mannkind would switch from looking to avoid bankruptcy to lining up financing to come out of a bankruptcy. It doesn't have to mean the end of Afrezza, or even disruption in supply if done in orderly fashion. Hopefully we still see a white rabbit pulled out that astonishes the crowd. |
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Post by MnkdWASmyRtrmntPlan on Apr 18, 2017 16:00:52 GMT -5
I am worried that Mannkind is on its way to setting a record for the company with the most approved patents to go bankrupt. At this rate, blind confidence that it will not happen is no longer an option. We need to know why it will not happen and how will patients continue to get their Afrezza produced by Mannkind. I think high tech industry littered with companies with tons of patents that go bankrupt... e.g. Nortel. And patents have less value to a nearly bankrupt company since even strong patents require financial backup to enforce them. Who on earth has blind confidence that it will not happen? Sorry, I guess there are some here. I doubt anyone at Mannkind has that confidence. Mannkind should have quite a stockpile of Afrezza since they have tons of spare manufacturing capacity. At some point Mannkind would switch from looking to avoid bankruptcy to lining up financing to come out of a bankruptcy. It doesn't have to mean the end of Afrezza, or even disruption in supply if done in orderly fashion. Hopefully we still see a white rabbit pulled out that astonishes the crowd. So, what would they accomplish from such a bankruptcy? They are not laden with debt (other than those few millions coming due). The problem is sales. So, how could they reorganize and obtain financing after bankruptcy better than currently? And, what could happen to the patents? They would have to be liquidated with the bankruptcy, no? So, stockholders would get the value of those sales, right? And, the purchasers of those patents would be the new winners and they would be the ones to provide the financing for their new ventures. It wouldn't be MNKD's management that would be lining up the new financing. Anyway, Management's apparent confidence (or, gamesmanship) has been so convincing that they had their hand on that rabbit. Well, if it does play out that way, then I/we just lost this game of blind man's bluff. Eh, maybe we'll at least get a little more then the current value for the liquidation sale ... and, maybe not.  |
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Post by sportsrancho on Apr 18, 2017 17:23:56 GMT -5
Who on earth has blind confidence that it will not happen? Sorry, I guess there are some here. I doubt anyone at Mannkind has that confidence.
LOL, they seem pretty confident to me:-)
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Post by BlueCat on Apr 18, 2017 19:25:36 GMT -5
Who on earth has blind confidence that it will not happen? Sorry, I guess there are some here. I doubt anyone at Mannkind has that confidence. LOL, they seem pretty confident to me:-) It would be some very bizarre combination of ironic and tragic if the only absolute executive skill out of MNKD management was the ability to recruit and bluff retail investors into a career-ending scam of financial ruin. With that type of skill, they could take much larger paychecks and golden parachutes elsewhere or work as corporate lobbyists in DC. |
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Post by sportsrancho on Apr 18, 2017 19:33:53 GMT -5
Who on earth has blind confidence that it will not happen? Sorry, I guess there are some here. I doubt anyone at Mannkind has that confidence. LOL, they seem pretty confident to me:-) It would be some very bizarre combination of ironic and tragic if the only absolute executive skill out of MNKD management was the ability to recruit and bluff retail investors into a career-ending scam of financial ruin. With that type of skill, they could take much larger paychecks and golden parachutes elsewhere or work as corporate lobbyists in DC. The shareholder meeting will be telling. We have some great people going! I'm looking forward to their thoughts on things. A lot different when you're face to face. |
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Post by hopingandwilling on Apr 18, 2017 20:53:12 GMT -5
Myretireplan,
You stated—“So, stockholders would get the value of those sales, right?” and “ Eh, maybe we'll at least get a little more then the current value for the liquidation sale ... and, maybe not.”
I’m sorry to inform you but the latter is closest to the truth---but in reality it’s not “maybe” as the answer is nothing. In the food chain for bankruptcy of publicly owned companies the common stock holders are at the end. The problem is simply if you look at the Balance Sheet for MNKD the company’s assets are exceed by the liabilities---currently by nearly $200 million dollars. This simply means if the company is liquidated, the hard assets—cash, equipment and property will first go to the bondholders as they have first liens on such. As for your common shares, you might want to have them issued to you in actually share certificates, so at least you will have something. Not saying it’s going to happen----but it ain’t looking good unless there is someone who can wave a magic wand of the situation.
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Post by dreamboatcruise on Apr 18, 2017 21:02:30 GMT -5
I think high tech industry littered with companies with tons of patents that go bankrupt... e.g. Nortel. And patents have less value to a nearly bankrupt company since even strong patents require financial backup to enforce them. Who on earth has blind confidence that it will not happen? Sorry, I guess there are some here. I doubt anyone at Mannkind has that confidence. Mannkind should have quite a stockpile of Afrezza since they have tons of spare manufacturing capacity. At some point Mannkind would switch from looking to avoid bankruptcy to lining up financing to come out of a bankruptcy. It doesn't have to mean the end of Afrezza, or even disruption in supply if done in orderly fashion. Hopefully we still see a white rabbit pulled out that astonishes the crowd. So, what would they accomplish from such a bankruptcy? They are not laden with debt (other than those few millions coming due). The problem is sales. So, how could they reorganize and obtain financing after bankruptcy better than currently? And, what could happen to the patents? They would have to be liquidated with the bankruptcy, no? So, stockholders would get the value of those sales, right? And, the purchasers of those patents would be the new winners and they would be the ones to provide the financing for their new ventures. It wouldn't be MNKD's management that would be lining up the new financing. Anyway, Management's apparent confidence (or, gamesmanship) has been so convincing that they had their hand on that rabbit. Well, if it does play out that way, then I/we just lost this game of blind man's bluff. Eh, maybe we'll at least get a little more then the current value for the liquidation sale ... and, maybe not. It could be a reorg bankruptcy or liquidation. If there is someone willing to invest, they wouldn't have to share profits with you and me if the buy the assets in liquidation or if they invest in reorg where we're effectively diluted down to nothing. I'm sitting on shares of one company that did reorg bankruptcy where they are in business now but my many thousands of dollars has turned into a $67 position. Even if wildly successful now after reorg, I'll never see my share worth anywhere near what it was originally. If management lines up friendly financing for a reorg, management and employees are often given new shares/options after the reorg so they end up whole... and we lose out. I'll be disappointed if that is that happens. I certainly hope they are doing whatever they possible can to avoid bankruptcy. As for apparent confidence, they say the things you'd expect management of any company to say... they have a plan and are busy executing on it... but at times they have sounded less than confident in delivering that message. And Mike saying he's confident in his plans to make Afrezza successful in no way is representing that he has confidence the pace of it will avoid bankruptcy... that's an important distinction. |
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Post by dreamboatcruise on Apr 18, 2017 21:26:02 GMT -5
Who on earth has blind confidence that it will not happen? Sorry, I guess there are some here. I doubt anyone at Mannkind has that confidence. LOL, they seem pretty confident to me:-) Stating confidence in their plan to make Afrezza a success does not imply they have confidence they will avoid bankruptcy. Until they have signed documents for financing they had better not be confident... we're down to the wire... they should be paranoid (but not let it show). Even if they have some discussion that is looking promising, things are always one market swoon or international crisis away from people holding on tight to their wallets. I've spent most of 25 year career as entrepreneur. I was only confident at the beginning when I was naive. If asked if they are confident that they will avoid bankruptcy, I'd be shocked if they clearly answered that they were. If they are good at their jobs they'd have some canned response that they're exploring many financing options and that there is no need to discuss bankruptcy at this point, which would only be a last resort. |
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Post by MnkdWASmyRtrmntPlan on Apr 19, 2017 11:59:49 GMT -5
"If asked if they are confident that they will avoid bankruptcy, I'd be shocked if they clearly answered that they were".
That's the 24-billion dollar question that they should be asked in the conf call.
There has to be a white rabbit in the hat, and Mike has to have a good grasp on his ears.
Thanks again for your answers, Dreamboat.
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Post by dhandho on Apr 19, 2017 20:25:57 GMT -5
Hope some will record the meeting for the rest and share the video.
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Post by slugworth008 on Apr 19, 2017 21:13:02 GMT -5
New MannKind Patent Granted 4/18/2017 Determining percent solids in suspension using Raman spectroscopyType: Grant Filed: June 28, 2016 Date of Patent: April 18, 2017 Assignee: MannKind Corporation Inventors: Jason J. Antunovich, Arthur T. Hamfeldt, Rodney J. Woods, Sam C. Shum patents.justia.com/patent/9625390 Two words: So what |
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Post by mango on Apr 19, 2017 22:02:35 GMT -5
New MannKind Patent Granted 4/18/2017 Determining percent solids in suspension using Raman spectroscopyType: Grant Filed: June 28, 2016 Date of Patent: April 18, 2017 Assignee: MannKind Corporation Inventors: Jason J. Antunovich, Arthur T. Hamfeldt, Rodney J. Woods, Sam C. Shum patents.justia.com/patent/9625390 Two words: So what 🖕 |
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Post by slugworth008 on Apr 19, 2017 22:36:29 GMT -5
Why thank you - I love being number 1 |
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