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Post by markado on Jun 14, 2019 10:17:20 GMT -5
Some of you may be familiar with the anecdote about Andrew Carnegie at one of his steel factories. He had built the factory with the capacity to yield a certain number of tons per day/shift. It didn't meet expectations, so one day AC went in and painted a number on the floor, and said, "today,you will hit this number (a measurable increase to the facility's average)." The factory did. That day, AC painted a higher number/target. They hit it. He repeated the process, until the factory exceeded the scheduled yield for the facility.
MC, our current target is 2000+ scripts per week. The whole MNKD Afrezza team should be focused on yielding that number. Maybe, you could paint it on the floor at HQ, as a constant reminder. And, be prepared to paint over it, once 2,000 is met.
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Post by awesomo on Jun 14, 2019 10:25:08 GMT -5
I'll settle for him taking a page from a random BoD member from JC Penney.
JCP's share price has been absolutely crushed, shorts are piling on, and numerous opinions all over are saying that it is hopeless and bankruptcy is inevitable. Does this sound familar to you?
However, this one BoD member bought $1M in shares on the open market and investor sentiment has been completely changed from "doom and gloom" to belief that the company is undervalued and recovery is possible. The share price has since lifted quite a bit off the bottom.
So our BoD and management team, you can talk all day about veins of gold and how everything is great, but put your money where your mouth is. Don't just give yourself raises and free options. Stand with your shareholders.
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Post by markado on Jun 14, 2019 10:46:57 GMT -5
Why settle, awesomo, when we as shareholders have the right to request, if not demand, both courses of action?!
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Post by seanismorris on Jun 14, 2019 11:08:15 GMT -5
Some of you may be familiar with the anecdote about Andrew Carnegie at one of his steel factories. He had built the factory with the capacity to yield a certain number of tons per day/shift. It didn't meet expectations, so one day AC went in and painted a number on the floor, and said, "today,you will hit this number (a measurable increase to the facility's average)." The factory did. That day, AC painted a higher number/target. They hit it. He repeated the process, until the factory exceeded the scheduled yield for the facility. MC, our current target is 2000+ scripts per week. The whole MNKD Afrezza team should be focused on yielding that number. Maybe, you could paint it on the floor at HQ, as a constant reminder. And, be prepared to paint over it, once 2,000 is met. Why not tattoo it to the management teams foreheads? If they meet the number ahead of schedule, we’ll allow them painkillers while they get it updated. If they don’t... they’ll understand investors pain. All they’ve seen so far is the carrot approach... We have to motive these underperforming paycheck collectors somehow. |
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Post by mannmade on Jun 14, 2019 11:21:02 GMT -5
didn't kresa buy $1M worh of shares a while back?
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Post by uvula on Jun 14, 2019 11:50:06 GMT -5
Andrew Carnegie was brutal. If the employees didn't meet the target they would probably be beaten up by hired thugs. And many probably got killed by the dangerous working conditions while trying to meet the targets.
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Post by ktim on Jun 14, 2019 12:33:27 GMT -5
Andrew Carnegie was brutal. If the employees didn't meet the target they would probably be beaten up by hired thugs. And many probably got killed by the dangerous working conditions while trying to meet the targets. Ahh, those were the good ole days of HR  Now in CA employees expect a Michelin starred cafeteria, yoga breaks and a free shuttle to and from work. |
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Post by mytakeonit on Jun 14, 2019 12:51:20 GMT -5
Some of you may be familiar with the anecdote about Andrew Carnegie at one of his steel factories. He had built the factory with the capacity to yield a certain number of tons per day/shift. It didn't meet expectations, so one day AC went in and painted a number on the floor, and said, "today,you will hit this number (a measurable increase to the facility's average)." The factory did. That day, AC painted a higher number/target. They hit it. He repeated the process, until the factory exceeded the scheduled yield for the facility. MC, our current target is 2000+ scripts per week. The whole MNKD Afrezza team should be focused on yielding that number. Maybe, you could paint it on the floor at HQ, as a constant reminder. And, be prepared to paint over it, once 2,000 is met. Nice story ... but, MNKD's problem isn't in production numbers. We can definitely hit that easily. If the above scenario didn't have people to purchase that steel, then the factories would have been overloaded with rusting steel. Our growth picture will involve adding one endo at a time to get the picture and start prescribing. We'll get there ... hopefully soon. But, that's mytakeonit |
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Post by markado on Jun 14, 2019 13:02:33 GMT -5
Andrew Carnegie was brutal. If the employees didn't meet the target they would probably be beaten up by hired thugs. And many probably got killed by the dangerous working conditions while trying to meet the targets. Uvula, You are probably right on that front, but I don't know. What I do know is that if you've ever benefited from rail transportation here in the US, and it's arguable that virtually no one in the modern world hasn't, or if you've ever benefitted from the work of students or professors at Carnegie Mellon, then you may personally owe a small debt of gratitude to the man. Different times, different contexts, different conditions. I'm not saying authoritarianism and or brutality, ie, might makes right, is fair or right, or EVER appropriate. I'm just saying it's very hard to judge a person and situation from well over a century ago, not being in their contextual timeline or shoes. So, I'll just stick to the anecdote for the value it provides as a metaphorical managerial tactic. MNKD has more than the capacity to yield/support/generate 2,000 scripts per week. And, it's high time that they did. |
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Post by markado on Jun 14, 2019 13:10:17 GMT -5
Some of you may be familiar with the anecdote about Andrew Carnegie at one of his steel factories. He had built the factory with the capacity to yield a certain number of tons per day/shift. It didn't meet expectations, so one day AC went in and painted a number on the floor, and said, "today,you will hit this number (a measurable increase to the facility's average)." The factory did. That day, AC painted a higher number/target. They hit it. He repeated the process, until the factory exceeded the scheduled yield for the facility. MC, our current target is 2000+ scripts per week. The whole MNKD Afrezza team should be focused on yielding that number. Maybe, you could paint it on the floor at HQ, as a constant reminder. And, be prepared to paint over it, once 2,000 is met. Nice story ... but, MNKD's problem isn't in production numbers. We can definitely hit that easily. If the above scenario didn't have people to purchase that steel, then the factories would have been overloaded with rusting steel. Our growth picture will involve adding one endo at a time to get the picture and start prescribing. We'll get there ... hopefully soon. But, that's mytakeonit MTOI, I completely agree with you that the factory in Danbury has more than enough capacity to make and fulfill 2,000 scripts per week. The "factory" I am concerned about is the one in Valencia. That's where the "pull out all stops" mentality needs to be in play, everyday, until we are well over 2,000 scripts every week. Anything less is a disservice to Al Mann's legacy, PWD, and all long-term debt holders and shareholders. And, if they don't like the heat, then they should get out of the kitchen. |
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Post by rtmd on Jun 14, 2019 13:36:58 GMT -5
Why don't they move the company headquarters to Danbury? It seems like that would save a lot of money compared to California.
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Post by mytakeonit on Jun 14, 2019 13:47:33 GMT -5
Shipping product to a warehouse in Valencia isn't a problem, especially a product as stable as Afrezza. When the need arises for additional production lines, I'm sure they'll have them running again. (BTW, I was directly involved with production in a factory in Hawaii) The problem currently is in sales.
But, that's mytakeonit
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