|
Post by falconquest on Aug 1, 2017 12:20:37 GMT -5
What are your specific plans to remain a going concern long enough into the future to reach break even and then move into profitability? This ^^^. The more specific Mike is the better the reception by the market. A dose of dilution should not be unexpected, albeit unwelcome, but if that is what it takes to save the company then man up and say so. At least if unwelcome news is out there, the market will react within a day or two, and then it will be over. If the news does not come out the price will stagnate and the PPS will go nowhere due to the overhang of uncertainty. At this point almost anything is better than more uncertainty. Another "stay tuned" CC or not addressing the financial issue would be a disaster. Precisely, which is why I remain on the sidelines until this issue is resolved.
|
|
|
Post by brotherm1 on Aug 1, 2017 12:21:33 GMT -5
What are your specific plans to remain a going concern long enough into the future to reach break even and then move into profitability? This ^^^. The more specific Mike is the better the reception by the market. A dose of dilution should not be unexpected, albeit unwelcome, but if that is what it takes to save the company then man up and say so. At least if unwelcome news is out there, the market will react within a day or two, and then it will be over. If the news does not come out the price will stagnate and the PPS will go nowhere due to the overhang of uncertainty. At this point almost anything is better than more uncertainty. Another "stay tuned" CC or not addressing the financial issue would be a disaster. Yea right! haha. I can see it now, Mike comes out and says we are going to sell 40-50 million shares to raise operating cash. The price per share then takes a huge dive and they'll then need to try and sell even far more shares to stay alive. You say you were a CEO of a NASDAQ listed company? I guess I can see why were could definitely be the operative word.
|
|
|
Post by dreamboatcruise on Aug 1, 2017 12:24:23 GMT -5
What are your specific plans to remain a going concern long enough into the future to reach break even and then move into profitability? This ^^^. The more specific Mike is the better the reception by the market. A dose of dilution should not be unexpected, albeit unwelcome, but if that is what it takes to save the company then man up and say so. At least if unwelcome news is out there, the market will react within a day or two, and then it will be over. If the news does not come out the price will stagnate and the PPS will go nowhere due to the overhang of uncertainty. At this point almost anything is better than more uncertainty. Another "stay tuned" CC or not addressing the financial issue would be a disaster. How much do you reasonably think they could raise with an equity round, and what form would it take? Do you think viable they can really raise enough to do more than another can kick of a few months? brotherm1 ... to be fair, Matt's previous posts seem to indicate he does NOT have confidence they can do an equity raise, since he's brought up possibility of bankruptcy. Of course you'd likely attack him for saying an equity raise might not be possible resulting in bankruptcy reorg.
|
|
|
Post by n8 on Aug 1, 2017 12:38:45 GMT -5
This ^^^. The more specific Mike is the better the reception by the market. A dose of dilution should not be unexpected, albeit unwelcome, but if that is what it takes to save the company then man up and say so. At least if unwelcome news is out there, the market will react within a day or two, and then it will be over. If the news does not come out the price will stagnate and the PPS will go nowhere due to the overhang of uncertainty. At this point almost anything is better than more uncertainty. Another "stay tuned" CC or not addressing the financial issue would be a disaster. How much to you reasonably think they could raise with an equity round, and what form would it take? Do you think viable they can really raise enough to do more than another can kick of a few months? Ok to counter the spin, lets take into consideration the legalities that are involved with complying with confidentiality agreements for possible sources of revenue and Mike legally cannot comment. Why not ask the question "When can we expect an announcement for finalized negotiations that will bring in revenue ?"?
|
|
|
Post by dreamboatcruise on Aug 1, 2017 12:54:58 GMT -5
How much to you reasonably think they could raise with an equity round, and what form would it take? Do you think viable they can really raise enough to do more than another can kick of a few months? Ok to counter the spin, lets take into consideration the legalities that are involved with complying with confidentiality agreements for possible sources of revenue and Mike legally cannot comment. Why not ask the question "When can we expect an announcement for finalized negotiations that will bring in revenue ?"? If there really were some deal nearing completion it wouldn't run afoul of any confidentiality to say what type of deal, when and even how much as long as the partner were not announced... but they'd be foolish to do that without it being a done deal since deals often fall through at last minute. Better not to promise something.
|
|
|
Post by silentknight on Aug 1, 2017 12:58:58 GMT -5
This ^^^. The more specific Mike is the better the reception by the market. A dose of dilution should not be unexpected, albeit unwelcome, but if that is what it takes to save the company then man up and say so. At least if unwelcome news is out there, the market will react within a day or two, and then it will be over. If the news does not come out the price will stagnate and the PPS will go nowhere due to the overhang of uncertainty. At this point almost anything is better than more uncertainty. Another "stay tuned" CC or not addressing the financial issue would be a disaster. Yea right! haha. I can see it now, Mike comes out and says we are going to sell 40-50 million shares to raise operating cash. The price per share then takes a huge dive and they'll then need to try and sell even far more shares to stay alive. You say you were a CEO of a NASDAQ listed company? I guess I can see why were could definitely be the operative word. It wouldn't matter if a CEO announced it or didn't. A dilution to the tune of 40-50 million shares would crater the share price regardless. MNKD can't expect to dilute shareholders 50% of the existing float and worry about a few pennies on either end. It would be catastrophic either way. I see benefits to both alleviating the uncertainty by indicating what plans the company has, IF ANY, to solve the impending capital shortfalls and also by keeping it to yourself. MNKD has been punished for years because it's appeared to analysts and investors (me included) that they've just floated along on a wing and a prayer since Sanofi left. Matt and Mike have done a better job of late communicating on behalf of the company so I could see the street giving MNKD the benefit of the doubt for at least indicating that they have a planned strategy to remedy capital concerns. If the news is bad, perhaps they keep it to themselves, but either way, more communication is better than less if you want to be transparent to investors.
|
|
|
Post by n8 on Aug 1, 2017 13:03:55 GMT -5
Ok to counter the spin, lets take into consideration the legalities that are involved with complying with confidentiality agreements for possible sources of revenue and Mike legally cannot comment. Why not ask the question "When can we expect an announcement for finalized negotiations that will bring in revenue ?"? If there really were some deal nearing completion it wouldn't run afoul of any confidentiality to say what type of deal, when and even how much as long as the partner were not announced... but they'd be foolish to do that without it being a done deal since deals often fall through at last minute. Better not to promise something. My point exactly. Mike isnt going to say SH%$ because of what has happened in the past. So I am fine with the reply of "I am not at liberty to say at this time".
|
|
|
Post by wgreystone on Aug 1, 2017 13:24:19 GMT -5
I'd really like to see an update on insurance coverage, and the plan to improve it.
|
|
|
Post by falconquest on Aug 1, 2017 13:24:29 GMT -5
The question of cash has to be addressed. How it's addressed and the ramifications of that is up to Mike, the new CFO and the attorney's. Mike needs to be convincing that they have a handle on the cash situation. Even if he said something like "We are very confident in our ability to continue to fund our promotion of Afrezza well into 2018". That would at least signal that they have a handle on it. But I beg them to please not say anything unless they have the goods to back it up.
|
|
|
Post by therealisaching on Aug 1, 2017 13:29:11 GMT -5
What are your specific plans to remain a going concern long enough into the future to reach break even and then move into profitability? This ^^^. The more specific Mike is the better the reception by the market. A dose of dilution should not be unexpected, albeit unwelcome, but if that is what it takes to save the company then man up and say so. At least if unwelcome news is out there, the market will react within a day or two, and then it will be over. If the news does not come out the price will stagnate and the PPS will go nowhere due to the overhang of uncertainty. At this point almost anything is better than more uncertainty. Another "stay tuned" CC or not addressing the financial issue would be a disaster. If a dose of dilution is what it takes so be it. However, it has to be announced that the deal is done and state the terms. A wink & nod to dilution would drive the s/p down and accomplish nothing.
|
|
|
Post by dreamboatcruise on Aug 1, 2017 15:24:24 GMT -5
The question of cash has to be addressed. How it's addressed and the ramifications of that is up to Mike, the new CFO and the attorney's. Mike needs to be convincing that they have a handle on the cash situation. Even if he said something like "We are very confident in our ability to continue to fund our promotion of Afrezza well into 2018". That would at least signal that they have a handle on it. But I beg them to please not say anything unless they have the goods to back it up. I'd be really worried if they made that statement and I believed them. Until cash is in the bank they have no business feeling confident about anything. The ability to raise capital in the markets can turn on a dime. Partners can disappear in a heartbeat, etc. If there were some sort of an actual completed agreement with guaranteed money coming in then they'd need to announce it as a material event. I've run businesses before and I'd be very worried sitting on that little cash even if I were in the midst of negotiating the best deal of my life.
|
|
|
Post by mango on Aug 1, 2017 15:41:53 GMT -5
I see some disinfo agents present in this thread.
I emailed my questions this morning.
They had nothing to do with cash.
✌🏾
|
|
|
Post by dreamboatcruise on Aug 1, 2017 16:04:24 GMT -5
I see some disinfo agents present in this thread. I emailed my questions this morning. They had nothing to do with cash. ✌🏾 Don't worry, plenty of others will be asking the obvious question any company would get asked about cash under these circumstances. Seems a good thread with reasonable questions posed and discussions. I don't see any info that runs counter to facts. Some may view the facts as being dissonant with their desired optimism, but that is different than disinfo.
|
|
|
Post by slugworth008 on Aug 1, 2017 16:39:03 GMT -5
I have only one question: How will the financial runway be extended?
|
|
|
Post by letitride on Aug 1, 2017 18:11:33 GMT -5
!. Mike have you got this?
|
|