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Post by sportsrancho on Feb 18, 2020 17:55:45 GMT -5
My goodness ..let’s just be happy they’re working together ...even if Mike got taken out of the equation.
Clearly they have had to fight tooth and nail to be heard, especially after Mike offered to buy them, partner with them, deal with them ..and then gave them the runaround. And then badmouthed them to their recent overseas perspective partners.
Like they said they’re finally glad to be working with the adult in the room.
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Post by mango on Feb 18, 2020 17:56:55 GMT -5
Show proof or stop attacking someone and hiding behind excuses to not show proof of your accusations. What is this chit, CNN? FFS either cough up your evidence or stop being a troll. And here comes the political bias... I thought CNN was a news outlet? You're the one that just turned it into something political 😆 |
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Post by awesomo on Feb 18, 2020 17:58:03 GMT -5
And here comes the political bias... I thought CNN was a news outlet? You're the one that just turned it into something political 😆 We all know what you meant, and I'm not surprised at all. |
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Post by falconquest on Feb 18, 2020 18:55:17 GMT -5
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Post by sweedee79 on Feb 18, 2020 18:56:58 GMT -5
I believe Vdex is only trying to make SHs aware of what has transpired.. they too are SHs and are trying to answer questions. Not trying to be malicious.
Mike has made enough blunders even without this knowledge to convince me.. I've made up my mind based on info I've heard from others as well.. Mike has made a habit of communicating via emails and gotten himself into trouble..
IMO his days are numbered.
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Post by falconquest on Feb 18, 2020 19:03:00 GMT -5
There are still no numbers presented by VDEX to justify anybody siding with them over MNKD and MC. Sometimes when you have nothing of value, the best plan of attack...is to attack. Ok, that's it. No more business with Vdex. Mannkind will not do business with Vdex in any way, shape or form. Now are you happy? |
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Post by sportsrancho on Feb 18, 2020 19:04:35 GMT -5
I went back and read it for the second time, and I believe it’s the most transparent they have ever been about their funding and efforts to get this drug to the masses.
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Post by sugarland on Feb 18, 2020 19:18:51 GMT -5
Well well. We continue down the sad path of the bs dirty world of corporate investing. I ponder my own ignorance sometimes as a common share holder investing large sums of money, while not privy to the inside. Like many, I invested here in good faith, and on the factual science of a much needed drug that could help many struggling diabetics. Hell yes I wanna make money, but I sure as crap wouldn’t invest in something I don’t believe has a true purpose and cause to better our world. As I do my best to review the most recent posted bullet taking this to a new politically driven level, I can only form opinions on what is said, and interpret published data as truly factual. I’m not invested in VDex, but I am heavily invested in MNKD. I am a fan of the VDex model (what we know about it ) because there philosophy is proactive, cutting edge, and seems to combat many current obstacles we face (, ie insurance, big pharmaceutical backstabbing / sabotage, inflexible doctors, and label use only). I was also once mildly interested in opening a VDex clinic in Ohio at one time. But my interest in doing so was plural, in that the current medical system is broken, I believe in the drug and it’s need, and I like the out of the box approach VDex presented. Although disappointing, I’m thankful to those that have shared this past exchange between the two parties. Yes i agree we do not really know the true success of VDex RX numbers and exact protocol, but I also understand there not my current investment. I can say it’s alarming to say the least that VDex claims a high rate of treatment success and retention, when looking at the weekly numbers. Maybe it’s good we don’t know there weekly contribution to the RX count, because the difference may really question the current leaderships strategy. Fact is, what I do know is that MNKD quarterly numbers are pitiful when looking at RX, and overall growth. Yes some debt consolidation was skillfully maneuvered. And yes one decent deal was initiated. But as I once posted a while back, this company is currently about the success of Afrezza, or in this case it’s failure. So when one questions the Vdex drug delivery protocol and there business motives, look no further than questioning our own at MNKD. That’s where we have put our faith and money. It’s now or never for a better business model , better communication to share holders, and better corporate growth with or without Vdex. But personally, my vote is to work together now and stop the BS. Otherwise we all go down, those in need of the treatment, and all with a vested interest.
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Post by longliner on Feb 18, 2020 20:47:49 GMT -5
Sometimes when you have nothing of value, the best plan of attack...is to attack. Ok, that's it. No more business with Vdex. Mannkind will not do business with Vdex in any way, shape or form. Now are you happy? Of course I'm happy, I have shares in Mannkind! How about yourself? |
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Post by careful2invest on Feb 18, 2020 21:16:51 GMT -5
I went back and read it for the second time, and I believe it’s the most transparent they have ever been about their funding and efforts to get this drug to the masses. I would love to hear from Matt Pfeffer directly, pertaining to all of this! He was not only a long term employee of Alfred Mann, he was a friend of Alfred Mann and Matt was trusted by Alfred Mann. As we know, Alfred Mann was no dummy! That said, I would trust what Matt has to say about Mike C. That would lend credibility (or not) to what Bill is claiming. Does anyone have any contact with Matt Pfeffer? FWIW, I am leaning toward believing Bill for several reasons, but Matt P can take away any and all doubt to this situation. |
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Post by falconquest on Feb 18, 2020 21:59:34 GMT -5
Ok, that's it. No more business with Vdex. Mannkind will not do business with Vdex in any way, shape or form. Now are you happy? Of course I'm happy, I have shares in Mannkind! How about yourself? Of course I'm happy, I don't have shares in Mannkind. Good luck with that. |
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Post by mnholdem on Feb 18, 2020 22:00:40 GMT -5
Whenever I read certain types of disclosure of information, such as that just published by a Vice President of Vdex Diabetes, it reminds me precisely why the Board of Directors of a company like MannKind Corporation takes the time and effort of writing a company Code of Conduct and/or Code of Ethics. Many years ago, when founder Alfred E. Mann was CEO of MannKind Corporation, the board did precisely that. Link: www.mannkindcorp.com/Collateral/Documents/English-US/Code%20of%20Business%20Conduct%20and%20Ethics.pdfThe MANNKIND CORPORATION CODE OF BUSINESS CONDUCT AND ETHICS is, I believe, given to every employee of the company when they are hired. In addition, the Board of Directors ensures that a link is provided for access to the policy by shareholders and the public. The corporate COBCAE is quite emphatic about who the Code applies to and the disciplinary actions that may be taken for any violations. Introduction [excerpt]
We expect every employee, officer and director to read and understand the Code and its application to the performance of his or her business responsibilities. References in the Code to employees are intended to cover officers and, as applicable, directors. Officers, managers and other supervisors are expected to develop in employees a sense of commitment to the spirit, as well as the letter, of the Code.
Violations of the Code will not be tolerated. Any employee who violates the standards in the Code may be subject to disciplinary action, which, depending on the nature of the violation and the history of the employee, may range from a warning or reprimand to and including termination of employment and, in appropriate cases, civil legal action or referral for criminal prosecution.
1. Honest and Ethical Conduct
It is the policy of MannKind to promote high standards of integrity by conducting our affairs in an honest and ethical manner. The integrity and reputation of MannKind depends on the honesty, fairness and integrity brought to the job by each person associated with us. Unyielding personal integrity is the foundation of corporate integrity.
If the allegations made against the CEO by Vdex are accurate the CEO's actions would, quite possibly, have disciplinary and possibly legal ramifications. 13. Confidentiality [excerpt]
One of our most important assets is our confidential information. As an employee of MannKind, you may learn of information about MannKind that is confidential and proprietary. You also may learn of information before that information is released to the general public. Employees who have received or have access to confidential information should take care to keep this information confidential.
In addition, because we interact with other companies and organizations, there may be times when you learn confidential information about other companies before that information has been made available to the public. You must treat this information in the same manner as you are required to treat our confidential and proprietary information. Perhaps the most obvious case of potential violation by CEO Castagna occurred on June 22, 2019 when he published a letter addressed to ProBoard-MNKD members after Vdex publicized its grievances against the CEO. ProBoards security records indicate that CEO Castagna deleted that letter and other posts on September 2 but copies had been retained by several members and reposted on another stock discussion board/forum (StockTwits). In one of those deleted posts, the CEO disclosed a specific number of prescriptions written by Vdex Diabetes Centers. Vdex Diabetes later contested that number, but the essence of the matter is that the CEO's public disclosure of confidential Vdex information was a violation of Code 13 as explained above and, by taking such foolish action, CEO Castagna may have exposed the company to legal actions. You should also take care not to inadvertently disclose confidential information. Materials that contain confidential information, such as memos, notebooks, computer disks and laptop computers should be stored securely. Unauthorized posting or discussion of any information concerning our business, information or prospects on the Internet is prohibited. You may not discuss our business, information or prospects in any “chat room," regardless of whether you use your own name or a pseudonym. Be cautious when discussing sensitive information in public places like elevators, airports, restaurants and “quasi-public” areas within MannKind, such as lunchrooms. All MannKind emails, voicemails and other communications are presumed confidential and should not be forwarded or otherwise disseminated outside of MannKind, except where required for legitimate business purposes. In my opinion, social media can be a powerful and valuable tool when properly wielded by a publicly-held corporation. However, this CEO may have been reckless in his use of the internet, emails and "chat rooms". Although I am not privy to specific emails sent to shareholders by MannKind's CEO it seems logical, simply due to the large number of shareholders that support the activist shareholder group HopeForMannkind (HfM), that officials of HfM have been given access to email messages that were mentioned in the Vdex VP post (above). The CEO, Officers and Directors are not exempted from this section of the corporate COBCAE, unless they notify shareholders of a change as specified in the Code: 15. Waivers
Any waiver of this Code for executive officers (including, where required by applicable laws, our principal executive officer, principal financial officer, principal accounting officer or controller (or persons performing similar functions)) or directors may be authorized only by our Board of Directors or, to the extent permitted by the rules of Nasdaq, a committee of the Board and will be disclosed to stockholders as required by applicable laws, rules and regulations.
To my knowledge, no waiver has been disclosed to stockholders by company management or its Board of Directors, indicating that either CEO Castagna or the Board of Directors may have acted in violation of the Code. However this, too, is a bit of a grey area because of Section 14: 14. Media/Public Discussions
It is our policy to disclose material information concerning MannKind to the public only through specific limited channels to avoid inappropriate publicity and to ensure that all those with an interest in the company will have equal access to information. All inquiries or calls from the press and financial analysts should be referred to the Chief Executive Officer, Chief Financial Officer or the Chief Operating Officer. We have designated these individuals as our official spokespersons for financial matters, marketing, technical and other related information. Unless they have made a specific exception, these designees are the only people who may communicate with the press on behalf of MannKind. You also may not provide any information to the media about us off the record, for background, confidentially or secretly.
Clearly, the CEO is an authorized spokesman for the company, but Section 14 seems to focus on communicating with the press and NOT in chat rooms. It depends how the board interprets the two sentences within section 13 that I've highlighted in red (above). The first sentence states that only authorized individuals may post company information on the internet. The 2nd sentence, however, could be interpreted to mean that even these authorized spokespersons may NOT discuss company business, information or prospects in any “chat room". Regardless, if the intent of this Code is "to avoid inappropriate publicity", the company CEO's conduct should prevent this from happening. It would seem that his actions have had the opposite effect and have potentially harmed the image of the company and possibly harmed the expansion of business opportunities. That would be up to the board to determine. Frankly, I pay attention to the amount of public ridicule generated by the CEO's Halloween costume, for example. That may seem frivolous to some but a person in the CEO's chair has to be aware at all times about the potential repercussions - good or bad - that stem from their conduct. |
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Post by brotherm1 on Feb 18, 2020 22:24:10 GMT -5
I went back and read it for the second time, and I believe it’s the most transparent they have ever been about their funding and efforts to get this drug to the masses. I would love to hear from Matt Pfeffer directly, pertaining to all of this! He was not only a long term employee of Alfred Mann, he was a friend of Alfred Mann and Matt was trusted by Alfred Mann. As we know, Alfred Mann was no dummy! That said, I would trust what Matt has to say about Mike C. That would lend credibility (or not) to what Bill is claiming. Does anyone have any contact with Matt Pfeffer? FWIW, I am leaning toward believing Bill for several reasons, but Matt P can take away any and all doubt to this situation. I have thought the same several times. My guess is Matt Pfeffer will remain publicly silent. He’s too smart to take a chance on burning bridges - perhaps not with MC - but rather perhaps with others that might have been involved if even only indirectly. And anyone involved even indirectly might be connected to someone important to a possible future job for Matt. With office politics I’ve personally found it best to keep the knife in the sheath. Though what was posted here about Matt P being receptive to an Abu Dhabi deal and being thwarted by MC, I believe it to be true. It was posted here and elsewhere a while back. I regard it as true. VDEX would not take a chance on exposing themselves to a large libel suit. |
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Post by sportsrancho on Feb 18, 2020 22:46:08 GMT -5
I went back and read it for the second time, and I believe it’s the most transparent they have ever been about their funding and efforts to get this drug to the masses. I would love to hear from Matt Pfeffer directly, pertaining to all of this! He was not only a long term employee of Alfred Mann, he was a friend of Alfred Mann and Matt was trusted by Alfred Mann. As we know, Alfred Mann was no dummy! That said, I would trust what Matt has to say about Mike C. That would lend credibility (or not) to what Bill is claiming. Does anyone have any contact with Matt Pfeffer? FWIW, I am leaning toward believing Bill for several reasons, but Matt P can take away any and all doubt to this situation. Noted, absolutely. |
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Post by sportsrancho on Feb 18, 2020 22:51:56 GMT -5
I would love to hear from Matt Pfeffer directly, pertaining to all of this! He was not only a long term employee of Alfred Mann, he was a friend of Alfred Mann and Matt was trusted by Alfred Mann. As we know, Alfred Mann was no dummy! That said, I would trust what Matt has to say about Mike C. That would lend credibility (or not) to what Bill is claiming. Does anyone have any contact with Matt Pfeffer? FWIW, I am leaning toward believing Bill for several reasons, but Matt P can take away any and all doubt to this situation. I have thought the same several times. My guess is Matt Pfeffer will remain publicly silent. He’s too smart to take a chance on burning bridges - perhaps not with MC - but rather perhaps with others that might have been involved if even only indirectly. And anyone involved even indirectly might be connected to someone important to a possible future job for Matt. With office politics I’ve personally found it best to keep the knife in the sheath. Though what was posted here about Matt P being receptive to an Abu Dhabi deal and being thwarted by MC, I believe it to be true. It was posted here and elsewhere a while back. I regard it as true. VDEX would not take a chance on exposing themselves to a large libel suit. I’m guessing he might not remain quiet. On another note, Bill or Steve would never write or speak about matters such as this without clearly being able to back it up. They are meticulous about such things. And are well aware of the legalities. They are the opposite of reckless with their words. |
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