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  • The Stalled State Of MannKind [View article]
    Thank you MagicQuote2014! Pertinent info and supportive of position regarding the company's future fortunes.

    I believe the market reflects investor sentiment. The realities of becoming a commercial stage company are extremely different from a developmental past. Even if approved without caveat, MannKind will go through the lull between approval and launch, and then the many months of daily anguish as investors cry out for numbers that will begrudgingly be offered by those with paid access to those sales providers.

    Apr 18 02:45 AM | Likes Like |Link to Comment
  • Expect Biotech Rally To Lead To Further Selling Of Research Stage Companies [View article]
    You're wrong! The biotechnology sector is heartier than you realize. It's because value is assessed based upon the intangible assets of intellectual property, managerial expertise, therapeutic space potential, investor emotion, and the psychological aspects of each of these elements weighing on each other, that make biotech the only market sector where a truly savvy investor can become rich.

    Biotech will rebound with a vengeance and the rising tide will lift all boats.

    Michael Webb
    Apr 17 06:33 PM | 2 Likes Like |Link to Comment
  • The Stalled State Of MannKind [View article]
    Once the door is opened to Afrezza, and the dreamboat inhaler becomes commonplace in the patchwork of our healthcare system, I believe you'll be spot on in assessing its impact. More applications for its use will sprout up and it could in fact become as valuable, or even more so, than Afrezza itself.

    My article is once again, a cautionary piece that after 9 successive endorsements was badly needed.

    Look for writers to jump on this topic following approval as a means to enhance value in the company. It's there!

    Having affirmed your enthusiasm, I can only say: 'let's get there first.'

    Michael Webb
    Apr 17 03:51 AM | Likes Like |Link to Comment
  • The Stalled State Of MannKind [View article]
    MD Research ~

    What a comment! What a man! Thank you.

    Michael Webb
    Apr 15 03:36 AM | Likes Like |Link to Comment
  • The Stalled State Of MannKind [View article]
    Jeb, if I knew how to, I would. I would have done so with my last Sunshine Heart article and first MannKind article. I never however, would have held any position through adcom, as I believe that is the definition of gambling.

    Apr 14 05:54 AM | Likes Like |Link to Comment
  • The Stalled State Of MannKind [View article]
    Rcheck ~

    Actually, I'm glad you asked.

    I'm passionate about the stock market. And that's why I write most of the articles I author. When a subject matter peaks my interest, I express an opinion. Especially when doing so provides a larger perspective of a given investment.

    I've been compensated by Seeking Alpha for this article only. I wrote it, not for the money, but for the joy of providing an alternative view of the present situation.

    None of the articles I've written, this one included, have been against MannKind the company, or Afrezza the product. Rather, they've been cautionary to investors who I believe are often mislead into holding positions in companies that they would be better served to reduce their exposure to.

    At this time, and moving forward, I don't believe that holding MannKind stock, especially for the next several months is in any investors interest. I've stated why.

    I've also allowed for the possibility that I could be wrong. I've even suggested ways that the company could enhance shareholder value by announcing a tentative partnership agreement - which was cautionary to shorts who might be lulled to sleep thinking that MannKind was powerless to shape its own destiny over the coming three months of FDA reveiw.

    Some folks simply enjoy writing Rcheck. Not everyone has an agenda, an axe to grind or profits to make for themselves or others.

    That said, when I figure out how to buy puts effectively, I'll do so when publishing my opinion pieces in the future, because I believe I should be rewarded for the thoughts I convey as they are based on the facts at hand.

    Also, all of you who enjoy critiquing me in anonymity, defaming me in anonymity and otherwise engaging in abusive behavior, know this - I stand by my truth enough to put my name to it. And I will defend it, even if necessary, in a court of law.

    Always be well...

    Michael Webb
    Apr 14 05:48 AM | 1 Like Like |Link to Comment
  • The Stalled State Of MannKind [View article]
    And I just realized, I didn't answer the question completely.

    If Alfred doesn't sell, then I think there will be restrictions placed on entry into the market. That will inhibit their ability to partner in a way that provides for a big stock price increase and therefore, the stock price might not return to near $8 a share for some time.

    And yes, I mean that.
    Apr 13 05:35 AM | Likes Like |Link to Comment
  • The Stalled State Of MannKind [View article]
    smokenmirrors ~

    I love you dude, and I really wish you'd write articles as your analysis is dead on.

    Here's why I mentioned the part about the share price. I've been of a mind for awhile now - the last three years, that Alfred Mann (who I believe is human and amazing) is equally stubborn. And so I hope he understands the political atmosphere he's breathing in.

    As you know, some people just don't get it. For instance, there's this chap Spiro Rombotis, president of Cyclacel Pharmaceuticals who has a compound that likely will be the first approved therapy in AML in over 40 years, not because it's a scientific miracle, but because it's an oral medication well targeted to an elderly population. The problem is, Spiro Rombotis is the most insecure person on the planet. He can't negotiate an agreement without feeling like he's being cheated.

    Furthermore, he resorts to lying when he gets scared and then no one trusts him.

    People have their blind spots. Can Alfred Mann trust the folks at Novo not to bury his inhaler once acquired? Can he see that there's no guarantee of immediate adoption and therefore, not demand the world (meaning $25 - $50bn) in return?

    What's the fair price for MannKind right now. According to some, it's the world. I got bad news for them. It's not gonna happen.

    There are other questions. The inhaler itself, how much does each one cost to produce? These aren't toys. Each one needs to be inspected to make sure it works. One manufacturing flaw and thousands of patients get the wrong dosage. That's a problem.

    Mathew says they'll be free with every prescription, but nothings free.

    These are complex negotiations where each party has to give something to get something. I just hope that Alfred Mann is prepared to give up the one thing I don't think he can - control of Afrezza's destiny.

    If he can't, then politics comes into play. Because we're talking not about sharing a $12bn market but someone coming in and taking it away.

    Thanks for your input. Always intelligent, respectful and uplifting.

    Oh and by the way, to all of you. When someone writes a short piece on one of my stocks, I get mad. I do. But that madness comes out in the form of questions and comments, and sometime a thank you for bringing something to my attention that I may have missed.

    We all have a lot to learn from smokenmirrors and pcaflisch.

    Apr 13 05:29 AM | 1 Like Like |Link to Comment
  • The Stalled State Of MannKind [View article]
    B_Banzai ~

    I'll run with your interpretation of the Z adcom and "purveyor of doubt" as I can accept both. The point is and always has been, you're not out of the forest yet. I'm also significantly nonplussed by those who are eager to protect their assets by claiming there's "no doubt" when at the present moment, doubt is the only certainty.

    I'm also a little baffled by those who put Alfred Mann on this lofty pedestal when it was under his guidance that a change in devices was made in the midst of the last pivotal phase 3 trial. That's not at all bright.

    Now, someone here suggested that a dosing change was made midway through this trial, and while that's probably of little significance - think Vanda and the changing of their primary endpoint midway through their tasimelteon trial, it is evidence that unless the FDA approved the change, MannKind management didn't learn their lesson the first time.

    Sure, the FDA probably would have mentioned it by now, but who knows?

    And that's the point.

    Apr 13 05:10 AM | Likes Like |Link to Comment
  • The Stalled State Of MannKind [View article]
    Wiseman1 ~

    "...if the author had the diabetes his articles would be completely different it is always sad to see how little compassion there is among some folks and then give them a forum to show it off."

    Now this is the kind of comment that bothers me the most. Not because there's any truth to it, but because there isn't.

    Wiseman1 ~ no one then, in your mind, should write a piece that is in any way lacking in complete support for any product that might benefit diabete's patients, correct?

    So, if I had cancer then, I shouldn't write a piece critical of any stock or company who has a cancer product, yes?

    Do you see how ridiculous that is? Regardless of whether or not each product serves the medical need it was created to address, these are not charities that we're investing in. They're money making enterprises.

    How much salary has the staff at MannKind made over the years on everyday investor's money? I read somewhere recently, that five of them are making nearly $5M a year. That's $25M and that's no charity! Get real!!!!!!

    Where in my article have I criticized Afrezza the product? Where in any of my articles have I done that? I haven't! Why? Because that's not the only factor affecting shareholders chances of approval. There are many others. There always are.

    Sometimes, market saturation is an issue. If you have a cancer drug that's beneficial to cancer patients and therefore should be approved, watch out! If there are six other therapies on the market in that same space, you might not get approved. I've seen it happen. And shareholders all cry conspiracy on the part of the FDA when it does. There isn't any however.

    Sometimes the drug isn't good enough. Sometimes the trial is poorly structured or poorly implemented. But to your naive way of thinking, we should all remain silent in deference to the patients who might benefit from the drug under scrutiny. Nonsense!

    Lastly, please stop demonizing people for taking positions counter to your own. I write about stocks. And my intention is to protect investors from the irrational exuberance of charmed investors who only see these companies through rose colored glasses.

    Shame on most all of you in the comment thread of this article and each of the other three I wrote on MannKind. Nothing in them was an attack on Afrezza, diminishing to the plight of those suffering from diabetes or anything other than an attempt to provoke thought outside the box of normative thinking.

    There are many times when I simply want to walk away from writing here. There's no money in it. And increasingly, there's no satisfaction in trying to be of help - pcaflisch the notable exception.

    My intention is in my sign off to most responses made to comments like yours.

    Always be well...

    Michael Webb
    Apr 12 04:46 PM | 1 Like Like |Link to Comment
  • The Stalled State Of MannKind [View article]
    B_Banzai ~

    Agreeing with most of what you write, I find myself stunned by your conclusion that this was a "hit piece".

    Rather, it was a rational response to the 9 pieces in less than 2 weeks which nourished investors imaginations with thoughts of $9B sales and virtual guarantees of approval.

    The reality for MannKind at this moment is nuanced and their fate is in the hands of humans who are not given to pure intentions. No one has pure intentions but God. The rest of us act on bias.

    And once again, only a few readers responded to the points at hand honestly. MannKind is going to run out of money and how they meet that challenge is crucial to investors and traders of the stock.

    If this was such a "hit piece" why did I take the time to warn shorts not to look forward with bated breath to such an event? Why did I give a creative suggestion to MannKind executives - five of which make nearly $5M a year (and good for them btw) to announce a tentative agreement which would boost the stock price up by 50% and then do the equity raise?

    And if you think the highly paid staff there could figure that out for themselves, think again! One common denominator of most corporate leaderships - especially those in scientific endeavors, is an absence of creativity.

    So, should anything like that happen - you're welcome!

    Oh, and yes I know, after the fact, everyone will have seen that coming as well. Authors here crack me up. They write whole pieces in response to ideas that I've created and then pat themselves on the back as if such ideas were their own.

    Others are so out of touch with their own self interest that they honestly believe themselves to be providing statistical evidence and nothing more, as they rush their works of objectivity to press in a subjective panic that postponement might drive the price down.

    We humans. I think God had it right with the flood. Rainbows are pretty though.

    Michael Webb
    Apr 12 04:24 PM | Likes Like |Link to Comment
  • The Stalled State Of MannKind [View article]
    pcaflisch ~

    Why hope that I'm wrong? You should hope that I'm right. I haven't said anything to suggest that approval of Afrezza won't be the ultimate outcome. It likely will be.

    What I have said, is that the agency is making decisions in the midst of those whose billion dollar markets are on the line. That's reality. Some people imagine a world where this isn't the case. That's dangerous.

    I'm equally sure that this time out, is to allow time for negotiations to take place between Novo Nordisk and MannKind that likely have been going on for some time. This is real world business.

    As for the treacherous libel contained in the first comment and affirmed by many, I'm extremely disturbed by it. That said, it affirms why I'm here. And that is to protect the small shareholder like myself from manipulation. That comment is the worst form of manipulation as it's meant to discredit not my words but me as a person.

    Thank you for your open-mindedness. And thank you offering supportive words when I needed them most. You be blessed many times over for it.

    Michael Webb
    Apr 12 04:08 PM | 2 Likes Like |Link to Comment
  • The Stalled State Of MannKind [View article]
    ruggerschr ~

    yes you did
    Apr 11 04:34 PM | Likes Like |Link to Comment
  • The Stalled State Of MannKind [View article]
    MrMcchumba ~

    "MNKD changed the dosing conversion scale from what was used in the trials. The FDA docs state that this is unacceptable to them. MNKD doesn't call it a change, they say it "evolved". They also said the inhalers "evolved" - that CRL cost them 3 years! I think we all know by now that the FDA insists that the researched product matches the product to be marketed!"

    That would be an epic snafu if the consequence were rejection.

    However, I do believe the change to a new inhaler was of greater significance, and then only because some outside interests insisted it be so.

    That said, company's like individuals have blind spots and this is certainly one of those for MannKind. The adage, "once bitten twice as shy" obviously hasn't made them the least bit reticent.

    Michael Webb
    Apr 11 04:33 PM | 1 Like Like |Link to Comment
  • The Stalled State Of MannKind [View article]
    Definition of the word, "controversial" as given by Maredin Capital Advisors ~
    1. To give the first sober appraisal of a situation.

    Adding it now. Thank you.

    Michael Webb
    Apr 11 04:29 PM | Likes Like |Link to Comment