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Post by kimi on Nov 10, 2017 5:05:08 GMT -5
The white Knight! [Edit Note: fictional conversation. -BD]
Kimi: Hi Mike, first I would like you to know, that I’m impressed with your work as CEO Mike: Thanks Kimi Kimi: I’ve heard you say, that extending the runway is primary issue to be successful Mike: Yes, I said it several times Kimi: How could you get $57 Mill with 10 Mill shares? We all have been enthusiastic if it was $40 Mill. No one could expect sales at $6. Genius – Again, how have you done it? Who paid $6 for a share which is between $2 and 3? Mike: I won’t tell Kimi: Mannkind now has $57 Mill more cash in hand – that’s awesome! That would extend the runway to Summer 2018 – enough time to be successful with a moderate growth rate – you’ve got it! Mike: True Kimi: You can imagine my surprise, when I heard you say that you will finance TV ads. In other words – you’re going to spend much more money, instead of extending the runway Some Analysts are saying you will run out of cash very shortly – why this paradigm shift? Mike: I can’t tell Kimi: Is it possible, that you’ve been asked to do TV ads from the new shareholders? Mike: Sorry, I can’t ……… Kimi: Are you going to say, that you would take the risk of bancruptcy or massive dilution instead of extending the runway? Mike: No! Kimi: No? Mike: No! Kimi: That means, you’ll have enough money in the back in case of cash running short! Mike: I can’t …. Kimi: Who is willing to pay ads, more sales reps to accelerate growth? Kimi: I know you can’t tell – thanks!
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Post by promann on Nov 10, 2017 6:07:39 GMT -5
Nice questions Kimi. When and how did this talk take place. Thanks
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Post by kimi on Nov 10, 2017 6:13:16 GMT -5
Never happened - but this would have been my questions to Mike and my conclusion.
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Post by nadathing on Nov 10, 2017 6:34:13 GMT -5
Just my opinion, but I think if people are going to post things like this they ought to start by saying it is something they imagined happened or they created. It read as if the conversation actually occurred.
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Post by kimi on Nov 10, 2017 6:42:34 GMT -5
You're right! Idon't want that - I'm posting from Germany - no chance to talk to real Mike:
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Post by goyocafe on Nov 10, 2017 9:41:20 GMT -5
Let's call Mike's approach by an appropriate space/science term... Escape velocity. No rocket has ever made iit into orbit without massive boosters to get it up to speed and altitude. Jmho
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Post by goyocafe on Nov 10, 2017 9:46:50 GMT -5
Want another entertaining example? Check out "Big Night". About two brothers and their last ditch effort to save their restaurant.
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Post by novafett on Nov 10, 2017 9:48:08 GMT -5
Well.. this was...um.. fun. LOL
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Post by straightly on Nov 10, 2017 10:23:44 GMT -5
The white Knight! Kimi: Hi Mike, first I would like you to know, that I’m impressed with your work as CEO Mike: Thanks Kimi Kimi: I’ve heard you say, that extending the runway is primary issue to be successful Mike: Yes, I said it several times Kimi: How could you get $57 Mill with 10 Mill shares? We all have been enthusiastic if it was $40 Mill. No one could expect sales at $6. Genius – Again, how have you done it? Who paid $6 for a share which is between $2 and 3? Mike: I won’t tell Kimi: Mannkind now has $57 Mill more cash in hand – that’s awesome! That would extend the runway to Summer 2018 – enough time to be successful with a moderate growth rate – you’ve got it! Mike: True Kimi: You can imagine my surprise, when I heard you say that you will finance TV ads. In other words – you’re going to spend much more money, instead of extending the runway Some Analysts are saying you will run out of cash very shortly – why this paradigm shift? Mike: I can’t tell Kimi: Is it possible, that you’ve been asked to do TV ads from the new shareholders? Mike: Sorry, I can’t ……… Kimi: Are you going to say, that you would take the risk of bancruptcy or massive dilution instead of extending the runway? Mike: No! Kimi: No? Mike: No! Kimi: That means, you’ll have enough money in the back in case of cash running short! Mike: I can’t …. Kimi: Who is willing to pay ads, more sales reps to accelerate growth? Kimi: I know you can’t tell – thanks! Super fun and nicely done this is. To add: Why only $57.7, mike? You could have gotten more through your ATM. For these of fainted hearts, I will give them time to slowly come to their own answers.
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Post by mango on Nov 10, 2017 11:51:35 GMT -5
🕹 looks like the red button will be used once again. 🐲
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Post by kc on Nov 10, 2017 12:52:13 GMT -5
You're right! Idon't want that - I'm posting from Germany - no chance to talk to real Mike: I thought you had chatted with him while he was laying over in Germany on his return from Bagsværd, Denmark. Oh well I guess that fantasized that in my own little warped mind.
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Post by kc on Nov 10, 2017 12:53:57 GMT -5
Want another entertaining example? Check out "Big Night". About two brothers and their last ditch effort to save their restaurant. Typically failing Restaurant's have a big early morning insurance fire as their last ditch effort.
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Post by mytakeonit on Nov 10, 2017 13:32:55 GMT -5
I thought that "fictional conversation" explained it all? But, I guess not ...
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Post by BD on Nov 10, 2017 13:57:11 GMT -5
mytake, I added that note after the fact...
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Post by mytakeonit on Nov 10, 2017 15:07:18 GMT -5
Well that explains the -BD ... thought it was a new way of sticking tongue at someone. Ha!
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