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Post by deaner3 on Jun 13, 2017 12:37:56 GMT -5
I couldn't disagree more. It's always dark before the dawn
I think scripts start to take a steep incline starting Friday and going up from there. Based on how long it takes for a new staff to start to make their mark. We will see if I'm right Friday morning though. I'm confident I am
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Post by agedhippie on Jun 13, 2017 12:38:18 GMT -5
Of more importance, how were those 6 or 8 get togethers, Peppy? heh, I may never know. we did laugh, that the cost = hooker.
You know, poorly controlled diabetes causes a low libido. There may be a marketing angle there
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Post by porkini on Jun 13, 2017 12:59:34 GMT -5
heh, I may never know. we did laugh, that the cost = hooker.
You know, poorly controlled diabetes causes a low libido. There may be a marketing angle there Afrezza, the new sexy!
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Post by sportsrancho on Jun 13, 2017 13:23:51 GMT -5
You know, poorly controlled diabetes causes a low libido. There may be a marketing angle there Afrezza, the new sexy! You guys know my celebrity crush is Pete on Fast Money right? I can't wait for the day he says, giddy-up Afrezza:-)
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Post by prosper on Jun 13, 2017 17:21:42 GMT -5
Air freight costs for Afrezza are very low to any place in the world. The only reason for off shore facilities would import duties in those countries. Europe is one market so one site there could cover almost all of Europe. South America has Mercosul so one there, However, I don't know duty rates for drugs in most countries. If anyone is interested, google Harmonized Tariff System = HTS.
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Post by prosper on Jun 13, 2017 17:23:35 GMT -5
Don't see how we lost money with importing insulin since the dollar is stronger than when we signed the contract.
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Post by scoy on Jun 13, 2017 17:40:56 GMT -5
Don't see how we lost money with importing insulin since the dollar is stronger than when we signed the contract. I agree with you. I could not find a copy of the contract that explains why.
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Post by mnkdfann on Jun 13, 2017 18:05:19 GMT -5
Don't see how we lost money with importing insulin since the dollar is stronger than when we signed the contract. I agree with you. I could not find a copy of the contract that explains why. Page 26 of the last 10-Q (dated 5/10/17): "Loss on foreign currency translation of $1.5 million for the three months ended March 31, 2017 compared to $2.4 million for the same period in the prior year is due to the translation impact of the U.S. dollar to euro exchange rate associated with the recognized loss on purchase commitments related to Amphastar." If that helps.
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Post by scoy on Jun 13, 2017 18:11:54 GMT -5
I agree with you. I could not find a copy of the contract that explains why. Page 26 of the last 10-Q (dated 5/10/17): "Loss on foreign currency translation of $1.5 million for the three months ended March 31, 2017 compared to $2.4 million for the same period in the prior year is due to the translation impact of the U.S. dollar to euro exchange rate associated with the recognized loss on purchase commitments related to Amphastar." If that helps. That's what the other poster prosper said. The dollar is up, and should buy more euros. Why do we lose continually lose money on imports? Imports should be cheaper.
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Post by falconquest on Jun 13, 2017 18:22:09 GMT -5
Hmmm, ok. I'm not saying that Mannkind will fail but the track record thus far has been pretty dismal. I prefer that it succeeds. There is a tendency for some on this board to ignore the facts of the situation and only appreciate a positive outlook. Just because someone sheds light on the facts does not make them short or to have a negative agenda. That is what nada was pointing out. I was not thinking about nada. ( should have made that clear:-) And wasn't talking about shorts at the time. Just the people that come to watch the train wreck. I don't personally know any longs that are ignoring any facts. Some do tend to talk about those facts privately. And agree about the track record! I appreciate the clarification sports.
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Post by falconquest on Jun 13, 2017 18:25:41 GMT -5
Page 26 of the last 10-Q (dated 5/10/17): "Loss on foreign currency translation of $1.5 million for the three months ended March 31, 2017 compared to $2.4 million for the same period in the prior year is due to the translation impact of the U.S. dollar to euro exchange rate associated with the recognized loss on purchase commitments related to Amphastar." If that helps. That's what the other poster prosper said. The dollar is up, and should buy more euros. Why do we lose continually lose money on imports? Imports should be cheaper. Maybe they were paying in Bitcoin.
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Post by mnkdfann on Jun 13, 2017 18:33:05 GMT -5
Page 26 of the last 10-Q (dated 5/10/17): "Loss on foreign currency translation of $1.5 million for the three months ended March 31, 2017 compared to $2.4 million for the same period in the prior year is due to the translation impact of the U.S. dollar to euro exchange rate associated with the recognized loss on purchase commitments related to Amphastar." If that helps. That's what the other poster prosper said. The dollar is up, and should buy more euros. Why do we lose continually lose money on imports? Imports should be cheaper. I think I provided quite a bit more useful information than that poster did, actually. But ymmv, obviously. Looking at the 10-Q I mentioned, in which that line I gave appears, it seems the Amphastar agreement was signed on July 31, 2014. The purchase agreements seem to be set in Euros. Since 2014, the EUR to USD conversion rate is actually down huge. I'm not an accountant, but it seems to me that could explain it. The cost to Mannkind in USD is considerably more than was anticipated in 2014. Of course, why didn't they hedge? Maybe they did, but not sufficiently.
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Post by scoy on Jun 13, 2017 18:34:17 GMT -5
That graph indicates that the Euro is falling in value. We're buying something that's worth less that it used to be worth. Why are we losing money buying something that's cheaper?
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Post by anderson on Jun 13, 2017 18:41:51 GMT -5
Air freight costs for Afrezza are very low to any place in the world. The only reason for off shore facilities would import duties in those countries. Europe is one market so one site there could cover almost all of Europe. South America has Mercosul so one there, However, I don't know duty rates for drugs in most countries. If anyone is interested, google Harmonized Tariff System = HTS. I think a finish fill line would qualify in most places as being manufactured there. Dry powder insulin would just be a bulk ingredient. I don't think there is ever going to be a need to move the actual creation of the dry powder out of the Danbury. Just more finish fill lines and since that isn't that sensitive of tech could be setup anywhere. The question is how much dry powder can Danbury produce? At least enough for 12 lines since the factory is sized for that many total fill lines.
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Post by mnkdfann on Jun 13, 2017 18:42:22 GMT -5
That graph indicates that the Euro is falling in value. We're buying something that's worth less that it used to be worth. Why are we losing money buying something that's cheaper? My bad, I read the chart upside down. D'oh! So I dunno.
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