The stock has taken 50% drop since FDA approval. Management does nothing in the public eyes to defend the short's manipulation and defend share price. Evidence of lacking feduciary duty:
1) Management went into hideout after FDA approval, for nearly 6 months
2) Management failed to advertise Afrezza. With sny partnership, advertisemnt falls on sny's duty but mnkd's CEO and CFO can still appear on talk shows, investment shows, and medical societies to talk about AFrezza and make it known to the public.
3) Mnkd execs borderline bashing their own company during conferences to devalue the share price for their own insider manipulation.
retailers got nervous and ran, institution % is probably close to 30% now with all these cheap shares. Al mann and company didn't pump, caused fear, retailers ran, and insiders and his bankers accumulated shares.
amen brother! crooked FDA agents made management very doubtful; so they hedged big time. I think that may be the answer I was looking for. I simply couldn't understand why Al Mann and company wouldn't pump after 10 years of hardwork and $2 bil spending.
You are missing my point; it's not about pumping. It's about acting as a CEO/CFO; they have responsibility to protect share value. For the last 6 months, I have not seen anything to that nature. If anything; I think they are borderline bashing their own company. I am shocked that after 6 months, no one has sued yet for lacking feduciary duty.
They have a blockbuster, game changer that would serve 100's of millions diabetics across the globe. Al Mann given his status and senority, can appear on any show and be sooo likable. Al Mann can sell this product months before the launch, all by himself even without the need for advertisement but they chose NOT to do a single thing. Mind boggling!!!! We will see what Al Mann's true intention is behind this silence.
agree that ultimately it is the sales # that do all the talking. But the sole purpose of a CEO/CFO is to ensure confidence in investors. Go out there and advertise, get on TV shows, get patients and people to know about your products. The more they know, the less money they have to spend on advertisement. These guys have crawled into a hole after FDA approval and allowed the shorts to manipulate and take this down 50% and more. That is NOT a feduciary duty; if anything it seems they purposely wanting this bleeding to happen. We will see the answer eventually, given that Al Mann is 89 yo, we don't have to wait too long. I still think Al Mann is a great visionary but he is also very crooked; I took a look at him on one of his conferences and I had the impression he is not to be trusted.
Look, I have just as much patience as you guys but what is mind boggling is that a CEO/CFO can do the basic things I mentioned or even word things that would embellish confidence. But these guys simply makes the intention of being this bad. No one can be this bad unless effort was placed into being this bad.
they will be sued if they delay launch. They repeated many occassions from their conferences that they are on schedule to launch in Q1. Yes, it could be in Jan or March, take your pick but it has to be in Q1 or they will be liable for lying.
i am not saying that the CEO and CFO should pump day in and day out but there are a certain basic things they can do after achieving such milestones.
1) HOw about a celebration to toast their accomplishment?
2) Appearing on shows or Mad Money, etc to let the world know about Afrezza
3) Diabetic organizations to advertise.
They haven't done any of those basic things. So, it makes us wonder why do they want the share price down? And why so long? They are launching Afrezza in weeks if not 1-3 months; how long are they keeping this silence?
Yep, OPEC (Saudi) is making enemies with every country that are suffering from this oil pricing crisis, especially the Russians who are under alot of economic sanctions. My sense is that if the Russions are cornered enough, they may drop a few bombs on the Saudi oil fields, that would sure cut or stop producti9onn.
Saudi: their entire existence and even to get any merits relies entirely on their oil fields. So why in the world would they contintue to deplete their ONLY resource that keeps them alive in the grand scheme of world economy? Once they deplete their oil reserve, they become just a map. It only makes sense for OPEC to slow production; otherwise, the Russians may stop production for them.
How is it that they worked for 10 years and costed them $2 bil, and they didn't even celebrate after FDA approval? How is it that they don't even gloat or at least try to advertise? This is all one big ploy of selfish Old Al Mann wanting to own everything, leaving the share holders in distress, driving them to sell shares.
Even Pickens doesn't see any logic in how OPEC isn't cutting production. The Saudi's action doesn't make any logical sense and they are making enemies with Russia and every countries relying on oil export, even the US. Why are the Arabs sacrificing oil price when they know their livlihood relies on it entirely? Perhaps they are shorted the oil market. But they are making enemies by the hours; #$%$ the Russians off and they may get some bomb drops on their oil fields-- that is a force cut in production instead of asking nicely.
As CEO, ALfred Mann, has done nothing except bashing his own company since FDA approval. Clearly he wants all the share ownership to himself and all his associates. Never seen anything like it. 6 months of hell after FDA approval, 50% off, and management hasn't even started advertisement yet.
The drug is weeks from the launch, and there is no media, no news, no advertisement. At least appear on some talk shows, dirty old mann.
it wasn't a mistake. It was a request made by Insiders, using her as a guinea pig for the biggest headfake in the history of a blockbuster.
If Al Mann and company continue on this path of neglect and silence toward their investors who have paid their salaries and made the FDA approval possible for Afrezza, Aflred Mann and company will for sure be sued for lacking of fiduciary duty. For 6 months, they sat in silence and literally downplayed their own success. Al Mann and company have to soon come up with some answers to rally the stock; otherwise, lawsuits will surface again.
How is it that he doesn't do anything for investors since FDA approval? The stock took more than 50% off and he hasn't done jack except bashing his own conference and continual silence? I think he wants full ownership of mnkd. He needed investors only when insiders where diluting shares to garnish their salaries and stock options. NOw, the drug is FDA approved and he hasn't done jack. I smell another round of lawsuits coming to mnkd if he continues to show lack of feduciary duty as a CEO.
dirty insiders (Al Mann is in the middle of it). HOw is it that short covered 3 million shares in Nov 15-30, from 82 to 79 mil shares and the price dropped from $6.5 to $5? I just don't trust Al Mann anymore, too greedy for a man his age. He wants complete ownership of Mnkd/Afrezza, he only needed investors to fund his share dilutions. Now he wants full ownership.
Diane Palumbo and some insiders were requested by management to sell their shares, extreme headfake. Crooked insiders want all the shares back. They have caused fear and many investors relinquishing their shares. "Stay thirsty my friends"
400 million diabetics world wide to serve, only need to capture a measly 1% to see triple digit trading. Currently trading below FDA rejection risk, what a contrarian. Management did a wonderful job in lowering share price.
Concerted Efforts have been put by insiders (the company and banks) to keep every share away from retailers. Once they figured enough retailers have sold; they will bring this up sooooo quick that many will be left with their jaws wide open, unable to rebuy. The short coverage will help spark the massive rally.
Inhale insulin will be the most successful selling drug of all time.