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Post by brotherm1 on Feb 8, 2020 17:56:52 GMT -5
I do think you’re loaded 😁
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Post by ktim on Feb 8, 2020 19:40:27 GMT -5
In the real world ... people who deal with sales watch their inventory very closely. And in this case where it takes a while for the shipment to arrive, you keep an emergency supply on hand. But, that's mytakeonit How long do you think it takes? I doubt it takes all that long. I would think they would ship via air. It's a high value to volume ratio product that has to be kept cold. If you roughly do the math on a $700k shipment... let's say assume $200 wholesale price per box, it is probably only around 10% of a standard 20ft shipping container.
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Post by letitride on Feb 8, 2020 21:46:52 GMT -5
Its light quicker turn around I like it. Drugs out money in were almost a cartel.
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Post by mytakeonit on Feb 8, 2020 22:13:21 GMT -5
$700,000/$200 = 3,500 boxes. Not sure what the size of a box is ... if we use 1 cft per box ... then 72 boxes will fit on a standard size pallet stacked 6 feet high. (40" x 48") pallet size. 3,500/72 = 48 pallets single stacked. 48 pallets won't fit in a 40 ft container so the box size must be wrong. My guess is that 18 pallets will be used in a 40 ft container and each pallet will hold approximately 200 boxes of Afrezza. But, that's mytakeonit
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Post by ktim on Feb 8, 2020 22:28:55 GMT -5
$700,000/$200 = 3,500 boxes. Not sure what the size of a box is ... if we use 1 cft per box ... then 72 boxes will fit on a standard size pallet stacked 6 feet high. (40" x 48") pallet size. 3,500/72 = 48 pallets single stacked. 48 pallets won't fit in a 40 ft container so the box size must be wrong. My guess is that 18 pallets will be used in a 40 ft container and each pallet will hold approximately 200 boxes of Afrezza. But, that's mytakeonit We're talking about Afrezza. A box is nowhere near 1 cft. I know you do tend to attach huge numbers to things, but the size of an Afrezza box is a real knowable fact. I think it probably would be around one pallet at most. Seems a standard pallet is 96,000 cubic inches or 27.5 cubic inches per box for 3500 boxes. So if a box were 2x3x5 inches that would be 30 cubic inches, but I think a box would be smaller than that (I'm just guessing from pics). But it certainly isn't anywhere near 12x12x12 inches. Not even close to 18 pallets.
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Post by mytakeonit on Feb 9, 2020 2:53:05 GMT -5
Maybe I created that post too fast and confused the word "box". The box should actually be more like a case holding several boxes of Afrezza. When you ship you will use a protective case to house and protect it's contents. It will be shipped in a refrigerated container, but it probably will be in those foam cases to protect it and make it easier to unload and still be cool. I remember seeing someone that bought and shipped 3 of those foam boxes to their home and used a hand truck to move them. They are bulky and take up a lot of space. Maybe I pictured the shipment as being extra bulky ... if wrong, then it will fit in a 20 ft. container. In any case, it will be a refrigerated container load and not a couple of pallets with loose Afrezza boxes.
But, that's mytakeonit
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Post by falconquest on Feb 9, 2020 6:58:58 GMT -5
Why is the size or method of shipment relevant? What matters are orders, who cares about the shipment?
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Post by rfogel on Feb 9, 2020 8:32:09 GMT -5
What if they can't afford the titration pack? I don't see anywhere that Biomm is offering a discount coupon. I assume it would be the same outcome as here in the USA as with anything else that people can't afford. You're chit out of luck unfortunately if there's no discount but I don't think it's wise to assume there isn't or won't be one. Why don't you email Biomm and ask them? Well, my original goal was just to raise the question as to why Biomm apparently isn't offering the 90 4U pack. That's the cheapest, most affordable one and the one I would think would best attract new customers.
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Post by mytakeonit on Feb 9, 2020 15:17:33 GMT -5
Why is the size or method of shipment relevant? What matters are orders, who cares about the shipment? Method of shipment was brought up because ktim felt that the order would fit on one pallet and MNKD could fly it to Brazil. Thinking back a few weeks, I do believe that Mike C said that the container was on the water and/or had arrived in Brazil. I also remember that the shipment was going to be used in hospitals ... But, that's mytakeonit with possible dementia
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Post by mnkdfann on Feb 9, 2020 16:15:11 GMT -5
Why is the size or method of shipment relevant? What matters are orders, who cares about the shipment? Method of shipment was brought up because ktim felt that the order would fit on one pallet and MNKD could fly it to Brazil. Thinking back a few weeks, I do believe that Mike C said that the container was on the water and/or had arrived in Brazil. I also remember that the shipment was going to be used in hospitals ... But, that's mytakeonit with possible dementia In the last conference call, MC said they handed the product off to AUM, and (as I read it) that AUM would ship it. He never said ship it on the water (at least, if he did it is not in the last CC transcript). AUM (as you probably know) handles both ocean and air transportation. So, I dunno. CC transcript: Analyst: What I'm trying to get a little more clarity around Brazil with the early market looks like, what the potential ramp might look like and then walk us a little bit how you guys are recognizing revenue as part of the partnership? Michael Castagna: On Brazil they just got the product of customs a couple of weeks ago, so I don't want to comment yet on their launch plans. I know they're finishing up pricing negotiations with the government, I think until all that happens, we're just -- we know there's a lot of excitement down there, but I think we need another month or so to get the feedback on how that flows out but otherwise product down there has gone through customs. It's in the warehouse. Steven Binder: And I'll take the second piece of that. Dylan so we recognized revenue when we ship the product or hand it off to our partner AUM. They take possession of it as it ships out of the United States.
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Post by letitride on Feb 9, 2020 17:02:04 GMT -5
Why would you put it on a ship for a month when you could fly it overnight. Weight is obviously not a restriction. Keeping it cool for a night or a month might be? Lets Go!
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Post by mytakeonit on Feb 9, 2020 18:13:44 GMT -5
Because my assumption is that it is a container load shipment worth $700k ... so definitely won't fit on a pallet. There are refrigerated containers so keeping it cool isn't a problem. And ... we do know that Afrezza shelf life is more than a week when buried in the ground during summer. Ha!
Another reason I feel that it's at least a container load ... is because Mike C mentioned that it freed up a lot of warehouse space and probably older inventory.
We'll probably hear more about it during the CC.
But, that's mytakeonit
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Post by ktim on Feb 9, 2020 19:30:52 GMT -5
Because my assumption is that it is a container load shipment worth $700k ... so definitely won't fit on a pallet. There are refrigerated containers so keeping it cool isn't a problem. And ... we do know that Afrezza shelf life is more than a week when buried in the ground during summer. Ha! Another reason I feel that it's at least a container load ... is because Mike C mentioned that it freed up a lot of warehouse space and probably older inventory. We'll probably hear more about it during the CC. But, that's mytakeonit I had given a guess before on box size. Since real data is always better than guesses, thought I'd go ahead and track down the real measurements from FDA docs. A box of Afrezza is 1x2.5x5 inches = 12.5 cubic inches, so significantly less than my "guess", which I intended to err on the overestimating side. So if we assume $200 per box it would likely be considerably less than one full pallet. Unless the wholesale price is very low, this really wasn't a large shipment by volume. I have a feeling you misheard something if you think Mike implied this order took a significant amount of warehouse space.
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Post by mytakeonit on Feb 9, 2020 21:19:49 GMT -5
ktim - Yeah you maybe right and I am Wong and this was an introduction shipment. But, I believe we estimated 50M to be the number of diabetics in Brazil ... so when they are hooked on Afrezza ... container loads will be going out the door.
About the warehouse space ... in a previous CC Mike C laughingly mumbled that when he mentioned the Brazil shipment. I can't seem to play the older CC's with this new website. In any case, some people may remember it because it was mentioned on this board. It's not a big deal anyway. So, $700k now ... $12,600,000 when the container ships.
But, that's mytakeonit
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Post by falconquest on Feb 11, 2020 19:08:21 GMT -5
Oh for F'k sake. Now we're debating on how the product gets to Biomm? Are you kidding me? Who cares, did they re-order? That's what matters. Geezus folks c'mon!
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