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Post by mnkdmorelong on Dec 26, 2015 23:58:43 GMT -5
It should be obvious that MNKD is in a tenuous situation. Sales have gone nowhere; cash is running out; senior management changes. Any discourse concerning these negatives is considered bashing. Seemingly all that is wanted on this Board is mindless cheerleading. This will not do anything for MNKD stock.
Follow the money. If Technosphere is used on another API, we are looking at another P3 study meaning years of cash burn. Money is needed to keep the current capital structure alive until Afrezza contributes cash. Can anyone on this Board describe how this will happen? This is the crux of the problem.
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Post by mnkdmorelong on Dec 26, 2015 21:22:46 GMT -5
First off, not all new posters are short. This proBoard is supposed to be a step up from YMB. I see the same protective trolls seeking to thrash a new poster.
It is late in December. If SNY was going to pull the plug, the decision would have been made already. Given that SNY is MNKD's largest customer, the name of Desisto would have been floated through MNKD-SNY channels to ferret out objections. Given that nothing bad happened, I think the SNY deal stays intact.
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Post by mnkdmorelong on Dec 26, 2015 19:57:59 GMT -5
Nobody anticipated the glacial roll-out of Afrezza. Longs are being eroded by ATM stock selling. The good news is that Al Mann is a major shareholder so BK will be avoided at all cost. I see MNKD needing 2 more years of cash to get to a cash flow positive situation. We can look to Al as the source or facilitator of this funding.
The bad: The dismal start of Afrezza has scared off other uses for Technosphere. If anything, it can be said that an inhaled drug vs. the equivalent injectable version is a dicy proposition. Nobody wants a spirometry test on the label. You can infer from Hakam's comments at the last ER that MNKD is not far along with other applications.
The ugly: SNY is the wild card and can fold their tent very soon. If they do, we enter the end game for MNKD does not have the distributional strength to serve the market. I think this will not happen. Duane Desisto, the new MNKD CEO was vetted by SNY. If SNY was going to pull the plug, it would have not wasted MNKD's time by installing a new CEO.
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