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Post by falconquest on May 1, 2018 21:19:29 GMT -5
I doubt they will entertain questions from shareholders.......at least on the record. Falcon, I believe that I met you a couple of years ago at an ASM while MIke was still CMO- after about an hour's worth of shareholder questions were fielded. What is it about the situation or the new team that has changed and makes you believe they will not? I can assure you that we have never met. |
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Post by falconquest on May 1, 2018 21:25:12 GMT -5
FYI... change of plans on the restaurant, dinner time still 6:30 ( Still drinks at 5 PM at the hotel.... but different restaurant : "Grissini's is one of the finest Italian Restaurants that we frequent regularly. Fine dining including great service and wonderful food makes it a place we find to be an enjoyable experience. Its owner operator Giuseppe Bellisario makes this a special place to visit and only adds to atmosphere of feeling well taken care of..." 30125 Agoura Rd, Agoura Hills, CA 91301 Why..... it’s a surprise 😎 So sports, you're asking a bunch of folks that invest in a company that specializes in the treatment of diabetes to gather at an Italian restaurant? Isn't that a rather odd juxtaposition?  |
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Post by sportsrancho on May 1, 2018 21:29:34 GMT -5
FYI... change of plans on the restaurant, dinner time still 6:30 ( Still drinks at 5 PM at the hotel.... but different restaurant : "Grissini's is one of the finest Italian Restaurants that we frequent regularly. Fine dining including great service and wonderful food makes it a place we find to be an enjoyable experience. Its owner operator Giuseppe Bellisario makes this a special place to visit and only adds to atmosphere of feeling well taken care of..." 30125 Agoura Rd, Agoura Hills, CA 91301 Why..... it’s a surprise 😎 So sports, you're asking a bunch of folks that invest in a company that specializes in the treatment of diabetes to gather at an Italian restaurant? Isn't that a rather odd juxtaposition? Just asked Joey...he can eat anything he wants:-) spontaneous consuming and we get to watch! |
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Post by falconquest on May 1, 2018 21:36:12 GMT -5
So sports, you're asking a bunch of folks that invest in a company that specializes in the treatment of diabetes to gather at an Italian restaurant? Isn't that a rather odd juxtaposition? Just asked Joey...he can eat anything he wants:-) spontaneous consuming and we get to watch! .....and a toast to Joey! |
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Post by mytakeonit on May 1, 2018 21:55:59 GMT -5
Oh No! I love Italian food !!! I'll be in Japan, but I have a lot of YEN to be there! Linguine and clams ... my favorite. Aarrggghhhh !!! Sponsorship? Good luck in Japan. We’ll miss seeing you. peppy didn't respond to my plea for plane fare. AND, no you won't miss me because all eyes will be on sports. But, that's mytakeonit ... |
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Post by esstan2001 on May 2, 2018 7:28:55 GMT -5
Falcon, I believe that I met you a couple of years ago at an ASM while MIke was still CMO- after about an hour's worth of shareholder questions were fielded. What is it about the situation or the new team that has changed and makes you believe they will not? I can assure you that we have never met. Sorry, my mistake. |
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Post by sportsrancho on May 2, 2018 11:58:28 GMT -5
Sponsorship? Good luck in Japan. We’ll miss seeing you. peppy didn't respond to my plea for plane fare. AND, no you won't miss me because all eyes will be on sports. But, that's mytakeonit ... I doubt it:-) Lol... and by the way...Tom and Jake are now coming to the meeting and the dinner😉 |
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Post by Deleted on May 2, 2018 12:16:57 GMT -5
I recall the video of one in which a gentlemen stood up during the Q&A session saying he represented an Asian company wanting to discuss buying the company. We never heard more of this but it shows anything can happen during a shareholder meeting. Maybe he'll return You really believe a serious suitor would make an offer at the ASM? I was there, the guy was less than credible. |
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Post by Deleted on May 2, 2018 12:30:24 GMT -5
"Mike, wouldn't you agree that if we have not brought in cash through deals such that we do not need to offer more stock AND scripts are less than 1,000/wk by the end of the year, you should step down?" To me, the above is a tough, nasty question. Just asking him how he's going to get the script count up or finance the company's operations won't have much of an impact, he'll go into the same old mantra. With the question above, it has an impact, however slight, even though the answer is simple, he would launch into the answer to the easier question of how he intends to increase scripts and raise money non-dilutively. I don't think Mike will be placed into any corners, but he might be embarrassed by some questions - hopefully the attendees won't be embarrassed by the questions. He's trying hard, trying the best he knows how, got Kendall to join, I don't want to be nasty or have anyone else be nasty, I just want to try to figure if he's genuinely optimistic or not. The effort is there, and I'm not sure anyone we might get would do any better. Bills are paid with money, not effort. Is it nasty to have shareholders invest their money and then lose it? You think Gates, Ellison, Jobs or Adelson gave or give a shit about effort, seriously? Mannkind is evaluated on growth of revenue, profit and cash flow. There are lots of obstacles to selling Afrezza but given it's efficacy, we should be further along then we are. I've met Mike and talked to him on numerous occasions. He's a bright guy, energetic and from what I can tell a decent human being. So far, the results have been underwhelming but I believe that H2 will be telling and would give him until the end of the year to ramp revenue growth. Having worked at large companies and several startups, I can tell you that big company people may be good at systems and process in a resource rich environment but Mannkind is not a resource rich shop. As such, it may have benefited from having some higher ups who have startup grit. Is there anyone in senior management or BOD with a solid entrepreneurial track record? Yes, getting Kendall to join was a feather in Mike's cap and could have a significant impact but if Afrezza sales don't start to grow at a much more rapid rate in 2018, its basically over. The stat study has to be good and Mike mentioned a cash program that also will weigh heavily on the future. BTW, here is an example of aggressive marketing: Massive price cut for Praluent www.cnbc.com/2018/05/01/regeneron-sanofi-chop-cholesterol-drug-price-in-express-scripts-pact.html |
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Post by brotherm1 on May 2, 2018 13:22:49 GMT -5
I recall the video of one in which a gentlemen stood up during the Q&A session saying he represented an Asian company wanting to discuss buying the company. We never heard more of this but it shows anything can happen during a shareholder meeting. Maybe he'll return You really believe a serious suitor would make an offer at the ASM? I was there, the guy was less than credible. I’m not sure about that, I was told by someone I believe to be credible that he owned over 800,000 shares and had a very large partnership in China that would have made it happen. I have doubts though myself as I was told the 2nd time he made the offer, he put it in writing and I would think that if he actually did, MNKD would have had to disclose that to us? |
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Post by mnholdem on May 2, 2018 14:49:01 GMT -5
As I recall, he (or whoever he represented) was looking for a majority ownership for a pittance. Laughable.
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Post by brotherm1 on May 2, 2018 14:57:59 GMT -5
I heard it was 500M for 51% FWIW if anything
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Post by sportsrancho on May 2, 2018 15:53:04 GMT -5
I heard it was 500M for 51% FWIW if anything Right, and I heard Matt laughed:-) wasn’t the first lowball offer, they don’t have to reveal those. |
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Post by dreamboatcruise on May 3, 2018 13:40:00 GMT -5
I heard it was 500M for 51% FWIW if anything That's a heck of a lot better than price of the roughly 30% - 40% of the company (assuming share price recovers and warrants, options etc executed) used in past 6 months. I'd take $1B valuation now if someone offered for my shares. |
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Post by mango on May 3, 2018 13:47:31 GMT -5
As I recall, he (or whoever he represented) was looking for a majority ownership for a pittance. Laughable. Had to look it up Pittance (through French pitance and from Latin pietas, loving kindness) is a gift to the members of a religious house for masses, consisting usually of an extra allowance of food or wine on occasions such as the anniversary of the donor's death festivals and other similar occasions. The word was early transferred to a charitable donation and to any small gift of food or money. What is a religious house for the masses? |
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