So ADA is the premier conference in the industry? The same one where last year SNY put on a massive presentation about AFREZZA? How'd that work out? This year, Matt managed to secure a booth the size of a closet so I'm sure that it's going to go over really well.
The token purchase won't help get it above a buck. On the contrary, it indicates that there are no material events on the short term horizon that Castagna is aware of, otherwise he couldn't have made the purchase. By my calculations, 23 trading days until notification by NASDAQ, and then 6 months later, it's MNKDQ. Sadly, the cult will still be pumping, even after delisting.
It's a vast right wing conspiracy and....oh wait, that's a different topic. It certainly is some kind of conspiracy-the whole world is out to get poor Mannkind. Damn FDA, SEC, BP, WS analysts, Cramer, AF, etc...all of them with the sole purpose of destroying this wonder drug.
You cultists are paranoid, to put it mildly.
You need to lay off the sauce, it's too early in the day to drink
Matt, and MNKD, have no credibility. GS doesn't even cover the company anymore. At the last earnings cc, only one analyst even had a question. This company is in a death spiral, and the first indication will be when NASDAQ notifies them next month that they are in non-compliance-and six months from that point, the new symbol will be MNKDQ. The only ones who refuse to accept that fact are the cultists on this board.
The only one's who are talking about a settlement are the brain dead cultists on this board. No one from MNKD ever stated, or even insinuated that there would be a settlement. Do you think for one minute that SNY will admit that they failed to promote a drug from a small partner, driving them toward bankruptcy? How do you think that would play out for any future deals they plan to make. At best, SNY will forgive the 65 million that MNKD owes them years from now. Even that would be a meaningless token as the probability that MNKS is in business years, if not months, from now are a million to one.
The cult won't tolerate the truth, except when it benefits their beliefs-that's why they are a cult.
Yeah, keep posting old stories. It was an interesting video last year, don't need to watch it again.
Be careful what you say about Mattie. I tweeted a similar comment to MNKD's twitter account, and they promptly blocked me. Looks like they're kind of thin skinned (I'm guessing I'm not the only one who got blocked by MNKD today).
Mattie wouldn't be misleading shareholders, would he? That's never happened before, has it?
What's he going to say? Should he say that MNKD is on the brink of BK and they're hoping they can somehow dump 50 million shares on the market so they can buy another 6 months? Sometimes honesty isn't the best policy.
I took away from the CC the fact that the CEO is a bumbling idiot, and judging from the market reaction, investors feels the same way. Not to be the bearer of bad news, but there is one more thing the cult fails to understand. What makes anyone believe that they can dump 50 million shares on the market? Last time, they had to go to Israel and even that turned out to be a disaster. My guess is that they cancel or amend the secondary when they find that they can't give away their worthless shares.
I believe you're correct about the estimates being out of line. I was surprised after last quarter's miss that the estimates weren't lowered for the most recent quarter and I'm not surprised they missed-figured the analysts knew something I didn't, but I guess I was wrong.
If it trades below 10 tomorrow, I'll add too. At some point, this becomes a takeover target and with a market cap of 800 million, this one could well get bought out.
Three months is about all the time this secondary will buy them, assuming they can dump 50 million shares on the market(remember what a fiasco TEVA was). My guess is they won't even be able to sell 3/4's of the shares. Why would any institution buy into this garbage?
it should hardly be surprising that most of the wall street analysts have abandoned this stock (there was all of one question today from a WS firm). Management is a joke.