I lost trust and faith in that clown a long time ago. He shouldn't be running a company.
I don't like the direction the company is heading. They can't successfully market and sell this drug on their own. They need to sell the company and place it in the capable hands of someone that has the sales force to take this to doctors and patients. The company has zero credibility in the eyes of the medical world because of what SNY did.
If this is the case then I don't understand why there isn't a lawsuit already against SNY for not holding up their end of the partnership agreement. MNKD spent an entire year unable to market the drug effectively and the entire time we were in this slow launch phase. I knew it from the very beginning, that SNY's intentions were to make sure that Afreeza wouldn't make it. More evidence in that they only targeted endos and type 1 diabetics where dosing is more of an issue. Marketing needs to be geared more towards type IIs as the best in class prandial insulin that's out there, not because of it's convenience but because of it's effectiveness.
I wish they'd just sell MNKD at $6 / share at this point. I'd be happy with that. I'm tired of watching all the manipulation and I don't have any hope left for Afreeza being a blockbuster / paradigm shifting treatment with Mat leading the company. SNY accomplished exactly what they set out to do in the beginning which was protect their line of treatments.
Can MNKD at least sue SNY for breach of contract and gross negligence?? There is an overwhelming amount of evidence that would help them win the case.
BP is behind this, so I'm not sure if they'd completely jump out of their position. They have enough money and influence to take the stock down if they want and can naked short all day long since the SEC is blind and BP probably feeds them to stay that way. Too many companies out there that can't afford to let TS be a blockbuster. It's a pretty sad world that we live in where greed puts a lot of peoples lives and health in jeopardy.
Thanks for all the transparency that you promised Mr. Pfeffer. Nothing but SMOKE AND MIRRORS up to this point.
Well my avg cost is pretty darn low at this point, but I'm worried that cash reserves are going to be the biggest issue in the next couple of months. Obviously, they can't sell and market on their own, plus Mann is gone and I'm sure the family estate just wants the company sold. So my only question left now is who is it going to be and what price are they going to offer?? I could care less about the run up from .68 to 2.30. It was nice, but there was no reason for it just like the collapse today. I warned of a bull trap a week ago, but who cares if the company is sold already.
Same sentiment as you have on this. I like Matt, but I don't think he's a strong CEO or leader. I feel he has mislead investors over the years more than anything else, but part of that was out of his control with the dreadful SNY partnership (not even sure you can call it a partnership). Maybe they will announce a lawsuit against SNY after they separate. They would win in court and have enough money to be completely independent moving forward.
announces a law suit for GROSS negligence. I'm going to be very disappointed if they aren't seeking recourse for the blatant sabotage of Afreeza. I think it's worth well over a billion dollars in damages up to this point.
Here comes the bear raid. It's pretty crazy how easily they can walk this thing up and down. SEC should be watching this stock, but when do they ever do their job?
i'm afraid that we are getting setup for a bull trap here. big move from 1 to 1.50 and it's all driven on the possibility of good news, but when we don't see it, the sellers will pile in hard tomorrow.
Name the 10 things I got wrong in my post please
Investors are still left in the dark after the original conference call they put together, the partnership announcement was extremely vague, there isn't any communication from management as far as plans now that Al is gone and the partnership will be severed from SNY in less than a month. This is why the stock has failed over and over again . Management hasn't stood up for investors, and certainly haven't stood up to big pharma. They let SNY walk all over them and now we are back to the drawing board trying to find someone that will give MNKD a shot. I'm so sick and tired of Pfeffer's lies and misleading comments. Cash is running low and now Al is out of the picture. So where will a cash infusion come from if MNKD needs it?? I bet sneaky Matt decides to dillute again at some point.
With Al dying, I think the end is near for the company as well. I just don't see Mat orchestrating a successful turnaround based on his history. He can't lead, he can't negotiate, and is completely unfit to be a CEO of any company. I've been waiting patiently through adcom, fda, partnership, and marketing/ sales campaign. Lost a lot of time and money. Should have sold after SNY partnered, I knew all along that they would try to sabotage Afreeza and just paid a little bit in cost to insure that it didn't reach patients.
The carry forward loss a company could add on their books is attractive and the technology is extremely attractive. Someone is going to pick MNKD up at a good price now that Al has passed away. I'm guessing around 7-8
She was asked the other day in a live interview if she had ever lied to voters, and her response was "I don't think I've ever knowingly lied." Sounds like someone we can really trust.