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Post by kc on Jun 23, 2019 10:31:30 GMT -5
I have intentionally not commented much on the VDEX / MannKind dispute. The whole situation has gotten very ugly. What is happening right now is like watching a couple go through a very public bitter divorce before actually going down the isle to get married. There is so much bad blood between VDEX and MannKind that a partnership is clearly out of the question. No one trusts each other and that is not the basis for establishing a healthy partnership. Here’s the thing. We all have a common belief......we all fervently believe in the amazing results of Afrezza and Technosphere. We are all passionate about seeing the success of Afrezza in the market but very frustrated at how difficult it has been. Turning on each other only helps the shorts and those that want the company to fail. And believe me, there are many that want the company to fail. The trolls on StockTwits are almost gleeful that long time longs are at each other’s throats. It is perfect for them and the troll / shorts will continue to stoke the bad blood to cause as much confusion and chaos as possible. IMHO, I think it is time for both MannKind and VDEX to go “off the air” from here on out. It is not serving the greater good which is selling Afrezza to diabetics that desperately need it. There may be legitimate frustrations on both sides but going after each other publicly is hurting everyone except the enemies of the company. And who knows, perhaps if everyone takes a “time out” more common ground can be found. The problem here is that the whole Vdex situation has highlighted some of the doubts and fears that some of us have had about Castagna long before the Vdex dirty laundry was aired. It is not just an isolated incident and a feud between two business entities. If there is an issue with any short comings that Mike C has then its the boards responsibility to deal with them. We can’t allow message boards to divide us. The board’s goal is to do what is in the best interest of MannKind Corporation. You can bet that they will do that as it pertains to Mike C. If he is doing a good job they will reward him and if he is doing a poor job they will issue corrective measures including termination. Let’s focus on how to make the company better and not terminating the man who stepped up to move the company forward when it should have filed for bankruptcy. The company has made many steps forward in the last 3 years. Yes they have also made many errors as sales and marketing in a mature market is not easy when you are the 10lb weakling going up against the big 3 producers of insulin in the market place. VDEX is also a 10lb weakling. They are not well funded and have not been able to grow as fast as they wanted too. I am sure Bill wants to grow the business but his challenge is the market place and the pressure he faces from other managed care programs who want cheaper solutions. Eventually Healthcare alternatives like Haven Healthcare will drive down the cost of insulation distribution by setting up their own diabetes networks to their subscribers. Mike made a comment last week about Kaiser distribution. Diabetes is a national problem and the cost of insulin is being used as a 2020 political issue. How to get patients cheaper solutions for their insulin. Mike has already cast the direction about finding a cheaper way to get insulin to patients. What that model will be nobody knows. But you can bet. It will be in some form of direct distribution with a provider like Kaiser or perhaps Haven when they get going. My bet is that VDEX / Bill jumped the shark as a new subscriber model to patients will destroy the VDEX model. Bill is looking out for his invested capital in VDEX. Mike C. Is looking out for how to get Afrezza available to more patients nationwide. A relationship with a Kaiser or a Haven has more chance for success than a limited contract with VDEX. www.havenhealthcare.com/visionHow is Haven going to improve health care? We are pursuing a number of common-sense fixes, as well as innovative approaches, to address issues like making primary care easier to access, insurance benefits simpler to understand and easier to use, and prescription drugs more affordable. We are also looking at new ways to use data and technology to make the overall health care system better. Is Haven going to replace existing doctors or insurance companies? We are interested in working with clinicians and insurance companies to improve the overall health care system. We will be an ally of anyone who is working to make health care better for patients. www.havenhealthcare.com/visioWho is Haven going to help? Our focus is the U.S.-based employees and families from Amazon, Berkshire Hathaway, and JPMorgan Chase. In time, we intend to share our innovations and solutions to help others. How is Haven “free from profit-making incentives”? It’s very simple: our goal is not profit. We’re able to focus on creating value for families, not shareholders, since we are free from profit-making incentives and constraints. The organization will reinvest any surplus back into our work to improve health outcomes, patient satisfaction, and lower costs for individuals and families.
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Post by liane on Jun 23, 2019 10:31:31 GMT -5
No - not going to shut down the threads. But it does seem a bit unseemly that both sides are airing dirty laundry in public.
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Post by sweedee79 on Jun 23, 2019 10:32:42 GMT -5
I have intentionally not commented much on the VDEX / MannKind dispute. The whole situation has gotten very ugly. What is happening right now is like watching a couple go through a very public bitter divorce before actually going down the isle to get married. There is so much bad blood between VDEX and MannKind that a partnership is clearly out of the question. No one trusts each other and that is not the basis for establishing a healthy partnership. Here’s the thing. We all have a common belief......we all fervently believe in the amazing results of Afrezza and Technosphere. We are all passionate about seeing the success of Afrezza in the market but very frustrated at how difficult it has been. Turning on each other only helps the shorts and those that want the company to fail. And believe me, there are many that want the company to fail. The trolls on StockTwits are almost gleeful that long time longs are at each other’s throats. It is perfect for them and the troll / shorts will continue to stoke the bad blood to cause as much confusion and chaos as possible. IMHO, I think it is time for both MannKind and VDEX to go “off the air” from here on out. It is not serving the greater good which is selling Afrezza to diabetics that desperately need it. There may be legitimate frustrations on both sides but going after each other publicly is hurting everyone except the enemies of the company. And who knows, perhaps if everyone takes a “time out” more common ground can be found. The problem here is that the whole Vdex situation has highlighted some of the doubts and fears that some of us have had about Castagna long before the Vdex dirty laundry was aired. It is not just an isolated incident and a feud between two business entities. I agree! And if something happened and Matt was ousted by our now CEO.. we as shareholder's have a right to know.. Also if a deal was squashed years ago by our now CEO.. and it hurt the SP and the company, we as shareholder's have a right to know.. I personally don't believe that VDEX would be doing this unless they believe certain individuals should be held accountable for their actions. I could care less if someone is airing dirty laundry in public or not.. As shareholders it is our business. And it's too bad it came to this. I want to know the truth.. r
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Post by kc on Jun 23, 2019 10:34:29 GMT -5
No - not going to shut down the threads. But it does seem a bit unseemly that both sides are airing dirty laundry in public. Liane I agree with you 100%..... the battle of the 10lb weaklings. VDEX limited finances and MannKind fighting against the big 3 in the insulin market.
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Post by sportsrancho on Jun 23, 2019 10:50:03 GMT -5
If Mike and Bill want to go at it on pro boards I don’t have a problem with it, it’s not the Wall Street Journal🤣
And yes, agree with sweedee 100% ..in my estimation 75% of shareholders want to know the truth.
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Post by rockstarrick on Jun 23, 2019 11:08:52 GMT -5
So let's just forget VDEX,, Let's look @ Bill as a longterm mnkd shareholder. If he knew all of this in 2016, why wait until now to disclose. This is what confuses me the most at this time, why now, and not when he originally found this out.
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Post by kimi on Jun 23, 2019 11:10:21 GMT -5
sports - 75 % of shareholders want to know the truth?
from where do you get this number?
I would be even closer to 15 %, even less - Big Stakeholders are not seeking but know the truth - or do you really think, they can be manipulated by Bill, ST or any other board?
Afrezza is a paradigm shift - sooner or later - I've learned to be patience!
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Post by kimi on Jun 23, 2019 11:14:21 GMT -5
RSR: because he and some other boardmembers have had a big bet in Jan Calls - it's pure desperation before leaving the sinking ship - and Bill and some others are attacking now in an outraegous (IMO) manner.
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Post by awesomo on Jun 23, 2019 11:15:41 GMT -5
So let's just forget VDEX,, Let's look @ Bill as a longterm mnkd shareholder. If he knew all of this in 2016, why wait until now to disclose. This is what confuses me the most at this time, why now, and not when he originally found this out. Because like many people have said, it is rather unprofessional to air out business grievances to the public. But it is pretty clear that years of frustration with their relationship with MannKind (Castagna) plus continually seeing MannKind not deliver on sales, education, and retention expectations have boiled over into this.
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Post by sportsrancho on Jun 23, 2019 11:23:59 GMT -5
RSR: because he and some other boardmembers have had a big bet in Jan Calls - it's pure desperation before leaving the sinking ship - and Bill and some others are attacking now in an outraegous (IMO) manner.
This is completely false and slander! I’m reporting this issue to the monitors.
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Post by rockstarrick on Jun 23, 2019 11:28:03 GMT -5
So let's just forget VDEX,, Let's look @ Bill as a longterm mnkd shareholder. If he knew all of this in 2016, why wait until now to disclose. This is what confuses me the most at this time, why now, and not when he originally found this out. Because like many people have said, it is rather unprofessional to air out business grievances to the public. But it is pretty clear that years of frustration with their relationship with MannKind (Castagna) plus continually seeing MannKind not deliver on sales, education, and retention expectations have boiled over into this. That part I can figure out, but forget VDEX and just look at Bill, or any Shareholder that may have known, but let it go for this long. I can say this, , if I, as a mnkd shareholder, knew, (for fact), that a deal was bumbled to make our CEO look bad, so our CCO could take the ball, I would've been yelling it from the tree tops immediately. There is absolutely no way I would keep that confidential from other investors, not for a day, let alone 3 years. There's more to it.
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Post by awesomo on Jun 23, 2019 11:39:58 GMT -5
Because like many people have said, it is rather unprofessional to air out business grievances to the public. But it is pretty clear that years of frustration with their relationship with MannKind (Castagna) plus continually seeing MannKind not deliver on sales, education, and retention expectations have boiled over into this. That part I can figure out, but forget VDEX and just look at Bill, or any Shareholder that may have known, but let it go for this long. I can say this, , if I, as a mnkd shareholder, knew, (for fact), that a deal was bumbled to make our CEO look bad, so our CCO could take the ball, I would've been yelling it from the tree tops immediately. There is absolutely no way I would keep that confidential from other investors, not for a day, let alone 3 years. There's more to it. You're right, there's definitely more to it. But it is cause for concern and should not be dismissed "for the good of the company". Like sweedee said, we deserve to know what happened because these decisions and behavior have and will continue to affect all investors.
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Post by rockstarrick on Jun 23, 2019 11:48:47 GMT -5
That part I can figure out, but forget VDEX and just look at Bill, or any Shareholder that may have known, but let it go for this long. I can say this, , if I, as a mnkd shareholder, knew, (for fact), that a deal was bumbled to make our CEO look bad, so our CCO could take the ball, I would've been yelling it from the tree tops immediately. There is absolutely no way I would keep that confidential from other investors, not for a day, let alone 3 years. There's more to it. You're right, there's definitely more to it. But it is cause for concern and should not be dismissed "for the good of the company". Like sweedee said, we deserve to know what happened because these decisions and behavior have and will continue to affect all investors. Agree, We should've known about this a longtime ago. ✌🏻😎
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Post by wgreystone on Jun 23, 2019 13:24:47 GMT -5
You're right, there's definitely more to it. But it is cause for concern and should not be dismissed "for the good of the company". Like sweedee said, we deserve to know what happened because these decisions and behavior have and will continue to affect all investors. Agree, We should've known about this a longtime ago. ✌🏻😎 At that time, Mann Group was still the dominant shareholder. When they picked MC, there was no much you could do. Now seems Mann Group already liquidated their shares (we were abandoned), individual shareholders need to work together to push this company forward.
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Post by agedhippie on Jun 23, 2019 14:20:58 GMT -5
Agree, We should've known about this a longtime ago. ✌🏻😎 At that time, Mann Group was still the dominant shareholder. When they picked MC, there was no much you could do. Now seems Mann Group already liquidated their shares (we were abandoned), individual shareholders need to work together to push this company forward. I think less Mannkind were abandoned by the Mann Group, and more Mannkind cleaned out the Mann Group! The Mann Group had to sell their stock to cover the remaining $30 Million of the loan facility that Mannkind needed.
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