Why would it be stupid and suicidal.
They now have positive user reviews that they can use to get a better partner.
And I think SNY has a conflict of interest going on.
MNKD can easily prove that SNY is holding back release and marketing of Afreeza while pumping up its own new drug to the market..
The latest moves by MNKD gets rid of imminent debt WITHOUT using much cash.
They just got rid of one of the biggest shorts of their stock.
They now have some exposure in the market.
They have an out clause in the contract if they feel SNY is not living up to their end of the deal.
So while everyone is upset that management is doing nothing while SNY buries Afreeza maybe they don't want to rock the boat in case of legal action against SNY for not living up to terms of agreement.