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Post by Deleted on Dec 4, 2019 11:15:24 GMT -5
The thing is Bill doesn’t believe he made a bad investment, he believes Afrezza will be the success everybody knew it would be. This is completely false information. I believe part of the beef is with MC killing deals, nothing to do with the stock or investments, Xmas massacre.. Etc. etc. Who wouldn’t be tired of this company languishing where it is when its true potential could be brought out. Bill will be giving his vision on bringing out shareholder value soon. As will the other candidates. Bill's original statement was that he has LOSS MONEY with his Investment in MNKD. OK this is a personal issue not a business issue. Also Bill is pissed because apparently he and Matt had discussions of some type of a partnership and when Mike took over he squashed it. That's the main reason why he's pissed and has a vendetta against MNKD. Well you know shit happens and when a NEW CEO comes in he has his own agenda. MNKD has never bitched and complained years later that Sanofi (who also had a CEO change) screwed them. You take the hit and MOVE ON. Life goes on. You don't see MKND trying to disrupt Sanofi's business. VDEX needs to concentrate on how to make their business succeed. Another point - I don't see VDEX trying to partner with CGM makers? Why aren't they asking the CGM makers for DISCOUNTS and special treatment? CGM & Afrezza are a great combination and is vital to the success of diabetics and VDEX. So why MNKD?? |
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Post by cretin11 on Dec 4, 2019 11:23:17 GMT -5
Why MNKD? How about because VDEX believes in the superiority of Afrezza? How does that correlate to "trying to take down MNKD"? That argument makes no sense.
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Post by brotherm1 on Dec 4, 2019 12:02:11 GMT -5
Losing money in MNKD is not a business issue? Where on earth are you coming from? And I don’t care if he has personal issues with management either. I know I certainly do. Sounds like you work at MNKD
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Post by Deleted on Dec 4, 2019 13:50:56 GMT -5
Why MNKD? How about because VDEX believes in the superiority of Afrezza? How does that correlate to "trying to take down MNKD"? That argument makes no sense. Tell me if they are not trying to take down the MGMT TEAM? They are trying to REMOVE the CEO. You're trying to defend a person who has a personal vendetta against Mike Castagna. If VDEX believes in Afrezza....That's fine. Keep using Afrezza for your patients but don't attack the company's leadership because you can't get your way. Like I said...This is a personal issue and not a business issue. Hell if they love Afrezza then have VDEX come up with $5 Billion Dollars and buy Afrezza. Then they have nothing to worry about. They can control and monopolize it all they want. |
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Post by Deleted on Dec 4, 2019 13:53:37 GMT -5
Losing money in MNKD is not a business issue? Where on earth are you coming from? And I don’t care if he has personal issues with management either. I know I certainly do. Sounds like you work at MNKD I don't work for MNKD. I have zero affiliation with the company. I'm just a long term shareholder who believes in the company and management. I'm talking about Bill's motivation. Bill has made a bad investment decision and is not happy about it. |
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Post by awesomo on Dec 4, 2019 14:02:11 GMT -5
The company's management has failed Afrezza. Supporting/believing in a company/product doesn't mean you have to support management.
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Post by lennymnkd on Dec 4, 2019 14:12:21 GMT -5
CNBC/ willie Nelson quit smoking weed / so much for the recreational part of RLS
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Post by agedhippie on Dec 4, 2019 14:12:53 GMT -5
... Another point - I don't see VDEX trying to partner with CGM makers? Why aren't they asking the CGM makers for DISCOUNTS and special treatment? CGM & Afrezza are a great combination and is vital to the success of diabetics and VDEX. So why MNKD?? Maybe because the CGM makers already have their own national sales forces and so don't need VDEX to fill the gaps? Remember, VDEX were only asking for distributor pricing in states where there was no Mannkind sale force and they would be filling a gap. |
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Post by brotherm1 on Dec 4, 2019 14:20:35 GMT -5
Losing money in MNKD is not a business issue? Where on earth are you coming from? And I don’t care if he has personal issues with management either. I know I certainly do. Sounds like you work at MNKD I don't work for MNKD. I have zero affiliation with the company. I'm just a long term shareholder who believes in the company and management. I'm talking about Bill's motivation. Bill has made a bad investment decision and is not happy about it. It does mot matter if he is not happy about his investment. What matters is he understands why Afrezza is not selling and knows from experience as much and more than anyone what it takes to sell it and that he is motivated to make it happen. That’s what matters. It also matters very much that he is a very large shareholder. Notice how much management believes in themselves and MNKD by looking at the number of shares they have been buying. If you believe in management or any company because of the wonderful pictures they paint of the future to shareholders, you have a lot to learn. Remember this, they can do so legally under the Safe Harbor Act. And notice how much professional investors on Wall Street believe in MNKD by looking at the share price trend and large number of shorts. Do you think they are stupid? |
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Post by brotherm1 on Dec 4, 2019 14:26:29 GMT -5
Why MNKD? How about because VDEX believes in the superiority of Afrezza? How does that correlate to "trying to take down MNKD"? That argument makes no sense. Tell me if they are not trying to take down the MGMT TEAM? They are trying to REMOVE the CEO. You're trying to defend a person who has a personal vendetta against Mike Castagna. If VDEX believes in Afrezza....That's fine. Keep using Afrezza for your patients but don't attack the company's leadership because you can't get your way. Like I said...This is a personal issue and not a business issue. Hell if they love Afrezza then have VDEX come up with $5 Billion Dollars and buy Afrezza. Then they have nothing to worry about. They can control and monopolize it all they want. OK are you still talking BS? Last I read they are not planning on removing the CEO (although if he would be replaced by someone more qualified, that would be more than fine with me). And know that it would take a majority vote of the board to replace him. |
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Post by vdexdiabetes on Dec 4, 2019 14:51:50 GMT -5
Casper,
Even though you don't deserve the attention because you're likely a phony, I'll reply so people on this board hear it from me. Your psychoanalysis of my motivation is way off base. I didn't start Vdex because I'm pissed about losing money on a stock. I wouldn't spend hundreds of thousands of dollars and years of effort because I'm mad. There's a phrase that captures such behavior: throwing good money after bad. As LeAnne said, I don't think I made a bad investment in MNKD. In fact, I'm more convinced than ever that it will end up being one of the best investments I ever make. I suspect Vdex may be even better.
I started Vdex because I saw an opening in the market. I saw something I thought I could improve and that I could profit from. It happened to flow directly from my investment in MNKD because I came to understand what Afrezza really is as a therapy. I'm no different than any other entrepreneur. And, like almost every entrepreneur experiences in developing their business, we made mistakes, we spent more money than we wanted to, and we took longer to figure it all out. But, we've figured it out.
We've gained a perspective on the commercialization problem with Afrezza that you can really only gain by operating a clinic, interfacing with real patients, real providers, and tussling with insurance plans. No amount of academic analysis of this process can take the place of actually living it. When we observed the actions of management and the BOD, we knew no one in either group had this experience. We think it's critical to making Afrezza a success. So, my issues with MNKD mgmt, and really, MC, is the unwillingness to listen to this perspective, to listen to ideas other than his own. If Afrezza were succeeding, I'd understand better his unwillingness. But it is not.
So, the vociferance of the HFM movement, and my critical comments relate solely to making Afrezza a success, and by extension, MNKD. I am a shareholder. I believe there's a leadership failure. I believe I have a perspective on how to fix it. It would be self-destructive to sit by passively and not try to make changes. Lastly, I fear the present strategy WILL result in failure. That's why I'm agitating for change.
So, now you don't have to guess my motivations. I've laid it all out for you.
Bill McCullough
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Post by ktim on Dec 4, 2019 21:21:07 GMT -5
I don't work for MNKD. I have zero affiliation with the company. I'm just a long term shareholder who believes in the company and management. I'm talking about Bill's motivation. Bill has made a bad investment decision and is not happy about it. It does mot matter if he is not happy about his investment. What matters is he understands why Afrezza is not selling and knows from experience as much and more than anyone what it takes to sell it and that he is motivated to make it happen. That’s what matters. It also matters very much that he is a very large shareholder. Notice how much management believes in themselves and MNKD by looking at the number of shares they have been buying. If you believe in management or any company because of the wonderful pictures they paint of the future to shareholders, you have a lot to learn. Remember this, they can do so legally under the Safe Harbor Act. And notice how much professional investors on Wall Street believe in MNKD by looking at the share price trend and large number of shorts. Do you think they are stupid? In general when one is referring to selling pharmaceuticals they are referring to getting unaffiliated doctors to adopt it and PBM/insurers to put it on formularies. VDex actually doesn't have experience with that. A clinic really isn't supposed to be engaged in the business act of "selling" patients on drugs. Granted, especially with procedures and medical devices, it seems doctors are very transparently "selling" patients treatments that give them the best profits, but it isn't generally called that openly. But the point is that while VDex does have expertise (from what they've reported) in treating patients effectively and retaining those patients, that is not the same as the act of selling a pharmaceutical as MNKD must do to succeed. Perhaps VDex's "treatment" experience could be valuable to MNKD, but I wouldn't call it pharmaceutical "selling" experience. Now if Bill were to convince all the regional insurers where he has clinics to put Afrezza Tier 1/2, I'd say that would certainly demonstrate pharma "selling" experience. |
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Post by slugworth008 on Dec 4, 2019 21:50:14 GMT -5
Why MNKD? How about because VDEX believes in the superiority of Afrezza? How does that correlate to "trying to take down MNKD"? That argument makes no sense. Casper makes no sense - that's why he's a ghost. A figment of ones imagination - an illusion of intelligence or more specifically...lack thereof. So casper - "Have a twinkie Snapperhead" |
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Post by mytakeonit on Dec 5, 2019 0:15:45 GMT -5
I understand where Casper is coming from and I agree. Bill came out trying to get distributorship rights ... ahhh ... NO WAY! VDEX is doing great and should try to expand their business without trying to change management or the BODs. As far as I'm concerned ... MNKD, Afrezza, UTHR, Mike C, etc ... no change in the future and we are headed to the MOON !!!
But, that's mytakeonit
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Post by Deleted on Dec 5, 2019 1:25:05 GMT -5
The company's management has failed Afrezza. Supporting/believing in a company/product doesn't mean you have to support management. Tell me how the current management has failed. If you want to place blame...BLAME AL MANN. He's the one who took the lesser road to getting Afrezza approve. He's the reason why it got a BAD LABEL. It's funny how people love to criticize and talk shit about how someone is not doing a good job but give NO REASONS why they are doing a bad job. State what you would have done differently. |
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