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Post by mikesmilitaria on Jun 20, 2017 12:13:44 GMT -5
due to the change of control contract. Matt was Mann's front man and served Mann as CEO. Now we all know that Matt stepped down and Mike replaced him a ~ a month ago. It is Interesting to note that 6/27 is the 3 year anniversary of Afrezza's approval and 7/28 is the 13 year anniversary of MNKD's IPO. Now if you plug in Matt's termination date of 7/31 you have an issue to address. If 7/31 comes and goes with no change of control than Matt kisses his "golden hand shake" goodbye and leaves a few $$Million on the table. In order for Matt to participate in the change of control contract he has be be employed with MNKD when that " is exercised" ---if he is gone before the CofC contract is enacted, it would be null and void for him. Now, will Matt leave the big $$ on the table or is the table set to insure he departs well taken care of? Seems rather simple does it not?
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Post by sportsrancho on Jun 20, 2017 12:18:11 GMT -5
That did cross my mind.
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Post by nylefty on Jun 20, 2017 12:28:21 GMT -5
due to the change of control contract. Matt was Mann's front man and served Mann as CEO. Now we all know that Matt stepped down and Mike replaced him a ~ a month ago. It is Interesting to note that 6/27 is the 3 year anniversary of Afrezza's approval and 7/28 is the 13 year anniversary of MNKD's IPO. Now if you plug in Matt's termination date of 7/31 you have an issue to address. If 7/31 comes and goes with no change of control than Matt kisses his "golden hand shake" goodbye and leaves a few $$Million on the table. In order for Matt to participate in the change of control contract he has be be employed with MNKD when that " is exercised" ---if he is gone before the CofC contract is enacted, it would be null and void for him. Now, will Matt leave the big $$ on the table or is the table set to insure he departs well taken care of? Seems rather simple does it not? So you're suggesting that the Board of Directors will somehow convince the shareholders to sell the company before 7/31 in order to provide the CEO that it fired with millions of dollars. Seriously? |
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Post by Deleted on Jun 20, 2017 12:31:17 GMT -5
due to the change of control contract. Matt was Mann's front man and served Mann as CEO. Now we all know that Matt stepped down and Mike replaced him a ~ a month ago. It is Interesting to note that 6/27 is the 3 year anniversary of Afrezza's approval and 7/28 is the 13 year anniversary of MNKD's IPO. Now if you plug in Matt's termination date of 7/31 you have an issue to address. If 7/31 comes and goes with no change of control than Matt kisses his "golden hand shake" goodbye and leaves a few $$Million on the table. In order for Matt to participate in the change of control contract he has be be employed with MNKD when that " is exercised" ---if he is gone before the CofC contract is enacted, it would be null and void for him. Now, will Matt leave the big $$ on the table or is the table set to insure he departs well taken care of? Seems rather simple does it not? So you're suggesting that the Board of Directors will somehow convince the shareholders to sell the company before 7/31 in order to provide the CEO that it fired with millions of dollars. Seriously? Look who the original poster is. Should this really be shocking? |
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Post by mikesmilitaria on Jun 20, 2017 12:35:16 GMT -5
So you're suggesting that the Board of Directors will somehow convince the shareholders to sell the company before 7/31 in order to provide the CEO that it fired with millions of dollars. Seriously?
________________________
You think that Mann's chosen one was fired?
You think that a tendered offer could not come between now and 7/28?
You think that an tendered offer between $50-100PS would not be acceptable to shareholders?
You think that Matt is leaving without his big payday?
You think that the change of control was put in place without precise planning on its need?
You just do not think.
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Post by nylefty on Jun 20, 2017 12:43:41 GMT -5
So you're suggesting that the Board of Directors will somehow convince the shareholders to sell the company before 7/31 in order to provide the CEO that it fired with millions of dollars. Seriously? ________________________ You think that Mann's chosen one was fired? You think that a tendered offer could not come between now and 7/28? You think that an tendered offer between $50-100PS would not be acceptable to shareholders? You think that Matt is leaving without his big payday? You think that the change of control was put in place without precise planning on its need? You just do not think. Wouldn't it be far simpler to just write him a check for millions and call it "severance?" And of course an offer of between 50 and 100 dollars per share would be acceptable to shareholders, but that's a fantasy scenario that's never going to happen before 7/31. |
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Post by nadathing on Jun 20, 2017 12:47:34 GMT -5
So you're suggesting that the Board of Directors will somehow convince the shareholders to sell the company before 7/31 in order to provide the CEO that it fired with millions of dollars. Seriously? Look who the original poster is. Should this really be shocking? Par for the course. How many times has he predicted a partnership, merger or BO? I almost feel sad for him. |
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Post by saxcmann on Jun 20, 2017 12:47:39 GMT -5
due to the change of control contract. Matt was Mann's front man and served Mann as CEO. Now we all know that Matt stepped down and Mike replaced him a ~ a month ago. It is Interesting to note that 6/27 is the 3 year anniversary of Afrezza's approval and 7/28 is the 13 year anniversary of MNKD's IPO. Now if you plug in Matt's termination date of 7/31 you have an issue to address. If 7/31 comes and goes with no change of control than Matt kisses his "golden hand shake" goodbye and leaves a few $$Million on the table. In order for Matt to participate in the change of control contract he has be be employed with MNKD when that " is exercised" ---if he is gone before the CofC contract is enacted, it would be null and void for him. Now, will Matt leave the big $$ on the table or is the table set to insure he departs well taken care of? Seems rather simple does it not? So you're suggesting that the Board of Directors will somehow convince the shareholders to sell the company before 7/31 in order to provide the CEO that it fired with millions of dollars. Seriously? He wasn't fired. It was planned. I'm not defending Mikes post just saying what I know. It was a planned change of control. |
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Post by mango on Jun 20, 2017 13:10:22 GMT -5
due to the change of control contract. Matt was Mann's front man and served Mann as CEO. Now we all know that Matt stepped down and Mike replaced him a ~ a month ago. It is Interesting to note that 6/27 is the 3 year anniversary of Afrezza's approval and 7/28 is the 13 year anniversary of MNKD's IPO. Now if you plug in Matt's termination date of 7/31 you have an issue to address. If 7/31 comes and goes with no change of control than Matt kisses his "golden hand shake" goodbye and leaves a few $$Million on the table. In order for Matt to participate in the change of control contract he has be be employed with MNKD when that " is exercised" ---if he is gone before the CofC contract is enacted, it would be null and void for him. Now, will Matt leave the big $$ on the table or is the table set to insure he departs well taken care of? Seems rather simple does it not? I might have interpreted this incorrectly, but I thought the Change of Control Date has already occurred, on May 25, 2017 when Matt was terminated and replaced by Mike. Matt will only be in an advisory role until June 31, 2017 (the original Change of Control Date): investors.mannkindcorp.com/secfiling.cfm?filingID=1193125-17-116178&CIK=899460investors.mannkindcorp.com/releasedetail.cfm?ReleaseID=1028218 |
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Post by uvula on Jun 20, 2017 13:17:26 GMT -5
So you're suggesting that the Board of Directors will somehow convince the shareholders to sell the company before 7/31 in order to provide the CEO that it fired with millions of dollars. Seriously? He wasn't fired. It was planned. I'm not defending Mikes post just saying what I know. It was a planned change of control. Mike was speculating and acknowledges it is nothing more than that. Nothing wrong with that. Saxcmann claims that his own post is factual when it is either speculation or illegal inside information. Much worse in my opinion. I have no idea if Matt was fired or not and probably never will. |
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Post by scoy on Jun 20, 2017 13:21:40 GMT -5
So you're suggesting that the Board of Directors will somehow convince the shareholders to sell the company before 7/31 in order to provide the CEO that it fired with millions of dollars. Seriously? ________________________ You think that Mann's chosen one was fired? You think that a tendered offer could not come between now and 7/28? You think that an tendered offer between $50-100PS would not be acceptable to shareholders? You think that Matt is leaving without his big payday? You think that the change of control was put in place without precise planning on its need? You just do not think. 50 dollars per share is 1000 times Afrezza sales. For comparison Sanofi trades at less than 3 times sales. My thinking leads me to believe that 50 dollars per share would not be acceptable to shareholders of a hypothetical acquiring company. Mannkind shareholders wouldn't be happy with 3 times sales. That's why it's very unlikely that Mannkind will not be sold before sales grow to a much higher level. |
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Post by kbrion77 on Jun 20, 2017 13:24:51 GMT -5
He wasn't fired. It was planned. I'm not defending Mikes post just saying what I know. It was a planned change of control. Mike was speculating and acknowledges it is nothing more than that. Nothing wrong with that. Saxcmann claims that his own post is factual when it is either speculation or illegal inside information. Much worse in my opinion. I have no idea if Matt was fired or not and probably never will. Where in his title or post did he say he was speculating? "Announcements coming between 6/27-7/28 for certain..... |
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Post by uvula on Jun 20, 2017 13:35:47 GMT -5
This is a message board. By default everything is opinion or speculation unless the poster claims otherwise. Particularly when you make statements about the future. Mike made some statements and asked some questions. I don't necessarily agree with what he was alluding to.
Sax on the other hand claims that he is posting a fact about something that has already happened.
I suppose I am being silly. Nothing posted here should be considered factual unless it can be sourced.
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Post by peppy on Jun 20, 2017 13:39:44 GMT -5
the announcements I think need to come are the pediatric trail The p/k study was due to start the 15th of this month.
the Study Comparing Prandial Insulin Aspart vs. Technosphere Insulin in Patients With Type 1 Diabetes on Multiple Daily Injections: Investigator-Initiated A Real-life Pilot Study—STAT Study (STAT)
clinicaltrials.gov/ct2/show/NCT03143816
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Post by sportsrancho on Jun 20, 2017 13:44:02 GMT -5
He wasn't fired. It was planned. I'm not defending Mikes post just saying what I know. It was a planned change of control. Mike was speculating and acknowledges it is nothing more than that. Nothing wrong with that. Saxcmann claims that his own post is factual when it is either speculation or illegal inside information. Much worse in my opinion. I have no idea if Matt was fired or not and probably never will. There is nothing illegal about knowing what went down. It already happened and is not info anyone could use. Sax is straight up reliable. |
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