Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Dec 5, 2019 1:31:41 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. Then tell me what other pharmaceutical companies offer a doctor's office a discount on their drugs? Wasn't it VDEX who told MNKD to stop Advertising and get rid of the salesforce??? That makes no sense. VDEX has what 5 clinics in 2 states? That business model will not work. How long and how much money will it take for them to EXPAND and MARKET themselves? They are still sharing medical office space which means they have VERY LIMITED RESOURCES. Like I've said before if VDEX was doing MILLIONS in Monthly Revenues and making an impact on MNKD sales....then yes they have leverage to work on a deal. VDEX has NO LEVERAGE to negotiate. PERIOD. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Dec 5, 2019 1:37:20 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? If that's the case then why isn't VDEX BIGGER? Why are they only putting ~7 patients a month on Afrezza? They've been around for 4 years and should be putting hundreds on Afrezza. Why are they not BIGGER??? Their "PROTOCOL" is nothing special. I bet Dr. Edelman has more patients on Afrezza than VDEX. My PCP is averaging 4 new patients a month on Afrezza and that's a regular doctors office. My said MNKD has about 5,000 patients on Afrezza. How many of those are VDEX Patients? Maybe 100??? |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Dec 5, 2019 2:14:54 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 Thank you Bill for your commentary. I never said you started VDEX because you lost money in your MNKD Investment. I would believe you IF you didn't start this whole ANTI-MNKD Movement by saying I am LOSING MONEY with my MNKD Investment. That was the first thing you said on your initial video. That tells me you are making decisions based on personal finances. You just claimed that you started VDEX because of your investment in Afrezza and MNKD. That also tells me all you care about is the STOCK PRICE of MNKD. Apparently you didn't evaluate the condition of MNKD prior to Mike taking over the company. If you had done the due diligence necessary as a "BUSINESSMAN" you would have seen how damaged the company was. Now you will say "I am a DOCTOR not a "Businessman" and if that's the case you should have known that bringing a NON SUPERIOR Drug to Market with a Bad Label is almost a death sentence. It doesn't matter how good the drug especially when you have the BIG 3 with all of their power and influence in the Insulin Industry against them. And you apparently didn't realize how the previous CEO's allowed the company to fall into disarray. How many CEO changes were there in a 2 year period? AL gave the job to his 15 year buddy(Hakan Edstrom) and he screwed things up and hired a CMO that did ABSOLUTELY nothing even though (thanks to Kendall) MNKD was sitting on a GOLD MINE of DATA that Urbanski could have been disseminating and publishing to improve the drug. Then you bring in DeSisto and that was a FLOP before his first day on the job and then AL takes over and due to his health Matt takes over who self admitted he was not a CEO and didn't want to be a CEO. And in the meantime Sanofi kicks MNKD to the curb and the wheels fall off. I can go on and on but the bottom line is that in 2 years Mike has done more than the last 4 CEOs and now after the hard work and heavy lifting is over you want the CEO OUT? Get real. I'm not even going to go into the turnaround Mike has done to put MNKD on a solid foundation and transform the company into a Commercial (OBTW which was not in their charter) Global Pharmaceutical Company but you can go to the website and do some DUE DILIGENCE. I'm pretty sure Mike has enough resources at his fingertips to know how a clinic works. Like I said earlier Dr. Edelman who runs a large office has more experience than you when it comes to treating patients on Afrezza. Mike feels your skillset is probably not up to his standard therefore you keep running your clinics. Mike has over 25 years experience in bringing drugs to market and he has one of the best business school educations so I think he is capable of handling the obstacles MNKD is facing. Like I said.....the heavy lifting is over and it's time for MNKD to make a difference to Diabetics and in the INSULIN MARKET. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Dec 5, 2019 2:21:25 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 Thank you my Aloha Brutha!!! |
|
|
|
Post by brotherm1 on Dec 5, 2019 7:03:27 GMT -5
Four consecutive irrational rants resulting from hyperventilation from excessive CO2 exhalation. Hyperventilation causes the reticular activating system to turn on, sending blood to the muscles while constricting the capillaries in the brain.
|
|
|
|
Post by sportsrancho on Dec 5, 2019 7:42:33 GMT -5
Four consecutive irrational rants resulting from hyperventilation from excessive CO2 exhalation. Hyperventilation causes the reticular activating system to turn on, sending blood to the muscles while shrinking the capillaries in the brain. The ghost has been nasty to me since day one for absolutely no reason, he’s got his facts mixed up, he does have passion but he doesn’t know enough about what’s really going on to make those kinds of assumptions. |
|
|
|
Post by Clement on Dec 5, 2019 7:57:02 GMT -5
Vdex has 5 clinics and writes how many Afrezza scripts per week?
|
|
|
|
Post by agedhippie on Dec 5, 2019 8:13:59 GMT -5
Vdex has 5 clinics and writes how many Afrezza scripts per week? Why not ask MC since he seems to think he knows given his previous statement about 2 scripts (which by the way I fell for as well)? It's possible to do some back of the envelope calculations, but in the end it's a guess. |
|
|
|
Post by Clement on Dec 5, 2019 8:30:31 GMT -5
Vdex has 5 clinics and writes how many Afrezza scripts per week? Why not ask MC since he seems to think he knows given his previous statement about 2 scripts (which by the way I fell for as well)? It's possible to do some back of the envelope calculations, but in the end it's a guess. Has BM ever said how many? |
|
|
|
Post by hellodolly on Dec 5, 2019 8:43:53 GMT -5
Terrific posts and dialogue providing some very thoughtful opinions, except for those that attack others (directly or indirectly) because of their thoughts on the matter. If you don't like what someone says here, why resort to attacking them personally rather than discuss the topics in the post? It just distracts from the dialogue and gives the appearance that you aren't capable of back and forth discussions.
I haven't pledges shares, in part because of the outline by Casper...especially when he says that there hasn't been anyone who's done more for MNKD than Mike in the last several years. While the share price is often used by most to measure the performance of a CEO, this is MNKD people and not AMGN, ABBV or ABT, to name a few...which is to say that Casper has another valid point. There's more to the story and everyone knows it (if you've been here long enough), yet many have decided that enough time has passed for all of this to magically disappear, using the calendar and the SP alone. Mike is still unraveling and unlocking the chains from all of the previous bad decisions, with the few dollars he can raise and the people he has around him.
I will say this however, I didn't like the pay raises, given the severity of the cash crunch...knowing you were going to do an offering. It's bad optics. But, if that's why you pledged your shares, they're not the right reasons IMHO. If you want a reason to pledge your shares, find something other than pay raises and Mike's current performance because both, as of toady, are insufficient in my mind to turn over the apple cart.
|
|
|
|
Post by pat on Dec 5, 2019 9:22:49 GMT -5
My gut says this VDEX guy is trying to set himself up for a bigger piece of the pie. He can have his little clinic on the side and buy shares ( for direct exposure ) like everybody else.
|
|
|
|
Post by sportsrancho on Dec 5, 2019 9:56:09 GMT -5
😂
He’s trying to create a bigger pie.
|
|
|
|
Post by brotherm1 on Dec 5, 2019 10:04:17 GMT -5
“Mike said MNKD has about 5,000 patients on Afrezza.. “ How many of those will not be retained Casper?
|
|
|
|
Post by sportsrancho on Dec 5, 2019 10:13:42 GMT -5
Why not ask MC since he seems to think he knows given his previous statement about 2 scripts (which by the way I fell for as well)? It's possible to do some back of the envelope calculations, but in the end it's a guess. Has BM ever said how many? I’m will say this one more time, because you have never harassed me. Months ago he said in a video I believe, that there were over 500 patients. 80+ Retention...And because of NM those are picking up rapidly. Other clinics in negotiations. Other things with privacy issues. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Dec 5, 2019 10:19:04 GMT -5
Terrific posts and dialogue providing some very thoughtful opinions, except for those that attack others (directly or indirectly) because of their thoughts on the matter. If you don't like what someone says here, why resort to attacking them personally rather than discuss the topics in the post? It just distracts from the dialogue and gives the appearance that you aren't capable of back and forth discussions. I haven't pledges shares, in part because of the outline by Casper...especially when he says that there hasn't been anyone who's done more for MNKD than Mike in the last several years. While the share price is often used by most to measure the performance of a CEO, this is MNKD people and not AMGN, ABBV or ABT, to name a few...which is to say that Casper has another valid point. There's more to the story and everyone knows it (if you've been here long enough), yet many have decided that enough time has passed for all of this to magically disappear, using the calendar and the SP alone. Mike is still unraveling and unlocking the chains from all of the previous bad decisions, with the few dollars he can raise and the people he has around him. I will say this however, I didn't like the pay raises, given the severity of the cash crunch...knowing you were going to do an offering. It's bad optics. But, if that's why you pledged your shares, they're not the right reasons IMHO. If you want a reason to pledge your shares, find something other than pay raises and Mike's current performance because both, as of toady, are insufficient in my mind to turn over the apple cart. I agree the pay raises were bad optics but you also have to realize they did not get pay raises for 2 years and no bonuses in the prior year. And this year Mike only received 60% of his target bonus. IMO MNKD was stuck between a rock and a hard place on this issue. You have to be able to retain talent and attract new talent to the company. Mike (& BOD) felt that the pay raises were warranted because they had accomplished a lot in the turnaround. Also remember the BOD determines Mike's compensation and they feel he is doing a good job. Could they have issued more stock options in lieu of money? Probably but you all would have bitched and complained about that. Regarding the stock price.....Yeah it's in the toilet and it's been there a while. But like NATE said the pendulum will eventually swing to the opposite. I am not worried because it will catch up and a proper valuation will be given to MNKD. Wall Street knew the shape MNKD was in. They are the experts and probably collude with each other. The turnaround is complete and Mike is starting to tell the story. Mike has picked up 5 new analyst coverage and more will come. Also I doubt the SP will skyrocket. It will be a slow climb and with each $1 rise the street will take notice and jump in. The shorts will not get burned.....Market makers will not allow it. They shorts have protection. We just have to wait and buy at these levels. |
|
