If you were and original investor,you now have to see this company reach and evaluation of over 6 billion dollars to break even ,after years of waiting! I have invested in a dozen different biotecs ,won some lost on some, this one I believed to be the most promising ,and has been the most frustrating! Like most true longs ,I am frustrated with the way Management has blundered through the their FDA submissions,they were submitting a better inhaled insulin to one already approved and should have gotten it done on the first try,no excuse for their blunderings! People hate the comparison to Exubera,and I agree that it is nothing like Affrezza far inferior and yet they were able to get it approved!So like most true longs I am frustrated and angry with management , when they reward themselves with more stock for doing a bad job at the cost of the long time investors! AS OPC and others have stated fantastic drug #$%$ management!!
Agree have been a stock holder since way before the first CRL, believed their #$%$ got burned twice on options , and payed more than twice the current price for the stock I own will be lucky to break even now with all their dilutions ! They have taken their original investors for a long costly ride !!
Those of us that have stayed, have stayed because they believe in the product not the management , and hope to get our investment back despite the inept management!!!
If they would of gotten this stock approved the first time, and the company reached a valuation of 10 billion you would have had a 50 dollar stock now it would be a 20 dollar stock , with all the insider stock options issued they still have the equivalent of a 50 dollar stock!! the retail investor is the one who has paid for all their screw ups not any of them !!!
Hi drfd1. if you had been invested in this company for years had watched them mess up two previous submissions , watched them continue to dilute your position to pay for their errors, while rewarding themselves more shares so they are not affected!1 You to might have become a Boo bird , yourself !!
They have been screwing the long time retail investors! Every time they dilute they reward the insiders more shares so their position does not change the only people being diluted are the long time loyal retail investors who do not have unlimited resources to keep risking , if this goes up 5 times its current price I will break even after years of waiting !! Thanks Mannkind for being loyal to those of us who have stuck by you!!!
They keep diluting ,and rewarding the insiders more shares so they are not hurt by the dilution ! the only one being hurt is the long time retail investor"s, who have stuck by them for years, and have been treated poorly for their loyalty!!