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Post by joeypotsandpans on Nov 23, 2017 14:39:41 GMT -5
joeypotsandpans , I wasn't worried about absorbing the cost of the 1st Rx, just curious about the logistics. Seems the trick is to bypass the evil PBM's, but not everyone can just change plans. Happy Thanksgiving to you! Yes fortunately from a timing standpoint we were able to elect the new coverage for 2018 which was not an available option last year. Hopefully for others more options become available, perhaps if folks have the option/opportunity to move en masse it will awaken the UHC monster. I applaud Express Scripts and the other plans that welcome a better alternative of choices for their insured
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Post by joeypotsandpans on Nov 23, 2017 12:41:49 GMT -5
So joeypotsandpans - just to clarify - is MNKD picking up the tab via the voucher until you switch plans next year? Did you have to pay anything? I'm just curious about the logistics going on here. Thanks - and I'm so happy for you! Thank you Liane! Yes they (MNKD) supplied the one time voucher (180 cartridges 4/8/12units 60 of each) which will be sufficient until I start with Express Scripts. There was no cost, the voucher was supplied to the pharmacy that they were dialed in with and they (the pharmacy) contacted me to say it was ready and they were just waiting for the script from my doctor's office...that was the same day within a few hours of my contact with the local rep....it took 3 days for my primary to change the script to the 4/8/12 as opposed to the original 4 and swap out CVS to the new pharmacy. The delay was due to my physician's asst. being out mon/tues so I had to wait until she returned yesterday to get the script to the new pharmacy. Once they got the script, they told me it would be delivered and gave me an estimated time with an hour window...it came as promised and the rest as they say should be history As a side note, much is being made about the company script numbers and revenue with regard to the vouchers. I would not get caught up on that at all as in many businesses there is an upfront cost to gain market share as a general rule when penetrating existing markets. If you have a superior product, the rest takes care of itself once you have spent the upfront cost of penetrating that market. At first the initial reaction is why don't they just drop the price so that the insurers just pick it up but as Mike has intimated he could give it away for a song and it wouldn't make a difference with the existing partnership agreements that are stone walling Afrezza. So with that in mind, I concur that price reduction is not the solution, rather get as many people who want/need the product started and their superior results will create the momentum movement necessary to get the attention of certain powers to be. It is a methodical approach that I believe will break the wall even if it is one block at a time. The initial cracks are the hardest to create but the more cracks the weaker the wall becomes. Again, Mike knows full well the challenges and I'm convinced he will be successful in overcoming them...it doesn't happen overnight but he is the right individual for attacking the task at hand IMO
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Post by joeypotsandpans on Nov 23, 2017 3:26:15 GMT -5
Great news Joey! So, UHC approved you? How much of an effort was it? No quite the contrary, I received the renewed script and went along my way to the CVS drive thru just to have them tell me first they are out of stock and I would have to come back tomorrow. That is when I queried the pharm tech....so everything will be good to go when I come back tomorrow? My script was approved? (I knew I didn't want to have to come back just to hear "oh sorry your insurer did not approve it") She said I'll be right back....of course when she came back she said it was rejected, I asked for the print out and left. That is when I started my approach to the team at Mannkind. They handled the voucher to the specialty pharmacy and totally bypassed the proverbial UHC block wall....the package I received will get me through to Jan. 1 when I convert over to Express Scripts and receive unobstructed fills to my scripts with no PA BS. Mike and team know exactly what is taking place and they are very proactive in either working around if easier or battling head on if no other alternative. I am not as concerned about the insurance issue as I was, don't ask me why I will just leave it at that.
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Post by joeypotsandpans on Nov 22, 2017 23:34:56 GMT -5
Ironically, on the eve of Thanksgiving, I received my first package of Afrezza that I've waited to get since Feb of last year. Without going into too much detail I just want the board to know that I cannot be more impressed by the cohesive team at Mannkind from top down that made this possible. Also special thanks to Sports for helping me connect with one of the area managers that helped as well. I took my first 4 units ever and it was as easy as advertised, and not even the slightest tickle in my throat...in fact as I'm sure others have done, I had to look at the cartridge to evidence it was used. In a few weeks the Libre should be available and I have already signed up for it with Abbott so I will hopefully be on my way to constant monitoring and control of my BG. What's even better is that we had to select our option for insurance for the coming year and it looks like I will end up with Express Scripts so ADIOS UHC!! My take away and impression of the network in the sales area that is being developed by the company is that they are team players that communicate instantaneously and believe wholeheartedly in the product and the future of it and the company as well. My area rep was extremely helpful and actually went to my provider within hours to help with their understanding not only how urgent the situation was but referred me to the right pharmacy which maintains it in stock at all times....once the script was sent to the pharmacy, it was filled and at my doorstep within a few hours. It certainly is going to be a special Thanksgiving for my family as well as me personally knowing that I can say goodbye to Mr. Metformin while taking a much better approach to attacking my T2 diabetes. Thank you MIke C. & Team!!! and Happy Thanksgiving to all of you who have continued to support Al's vision, I know for a lot of you that you started it as an investment but also have endured quite a bit through the process. Without the investors continuing the fight, I'm not sure I would have received my Afrezza on the eve of this Thanksgiving. I sincerely believe the light at the end of the tunnel is getting brighter.
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Post by joeypotsandpans on Nov 22, 2017 0:06:57 GMT -5
...but whose makers have deep pockets to pay for physician reviews. same one that has the deep pockets to help UHC continue to beat earnings quarter after quarter at the expense of their insured ....take you pick on which one you want to read: www.google.com/search?q=uhc+quarterly+earnings&rlz=1C1VFKB_enUS603US605&oq=uhc+quarter&aqs=chrome.0.0j69i57j0.9795j0j7&sourceid=chrome&ie=UTF-8 ....thus the circle jerk from them that was referred to in the interview. Where's Bode's integrity, has to be very disappointing to Sam of the possibility that his doc got bought like that.....it seems rather obvious otherwise he would have absolutely had to acknowledge the superior option of which he's well too familiar with as in the REAL DEAL as opposed to the imposter. SMH so sad, need more like Mike in society, as has been said....TG for Mike.
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Post by joeypotsandpans on Nov 21, 2017 23:20:54 GMT -5
What's amazing about this is that Bruce Bode is Sam Finta's doc see Sam's blog portion referencing Bode, here is the link for the entire blog piece but below is the section with Dr. Bode regarding the "real deal -Afrezza": afrezzauser.com/afrezza-confirmed-by-doctor-as-real-deal/From: “Bruce Bode” Date: Mar 12, 2015 12:22 AM Subject: Re: Afrezza To: “Kyle Daniels” (and several others) Glucose and lipotoxicity occurs regardless of the type of diabetes; glucose does not know if the patient is type 1 or type 2. High Glucose and High FFA and other factors impair insulin action as well as insulin release. We see this phenomena all the time in new onset type 1 diabetes; They go into a honeymoon upon treatment of insulin due to breaking both glucose and lipo toxicity. This may last months or longer. Sam’s A1c was above 10% with marked variability with now a mean glucose of 95 mg/dl with a SD <35; Amazing; his C-peptide was < 0.3 checked last month. Afrezza is the real deal for individuals like Sam who failed on MDI and are motivated to improve their control. Afrezza allows him to be aggressive with pre meal insulin with low risk of hypoglycemia. Bruce Bruce W. Bode, MD FACE Now some 2 1/2 yrs. later he's talking about Fiasp which Sam says isn't even in the same league....
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Post by joeypotsandpans on Nov 21, 2017 18:30:34 GMT -5
Mike C. makes it out quite clear that there are insurance and formulary hurdles in prescribing Afrezza and that this is a very well established fact within the prandial insulin market space. He insinuates that providing evidence of Afrezza's clear short-term benefits for PWD will be a key factor for selling the product. Any reason why this wasn't addressed during Phase II and/or III? Had these been put in place prior to marketing the drug, then Afrezza would have had a much greater chance at success.Granted, this is in hindsight, but if these challenges were obvious beforehand, why are they only now being used as an explanation for slow adoption and sales? In other words, why not establish superior clinical efficacy prior to selling the product?You would have to ask the former corrupt FDA commissioner that question, she was directly overseeing the FDA staffers involved with how they requested the trials be set up. You can google search quite a bit on quite a bit of various angles surrounding the whole fiasco.
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Post by joeypotsandpans on Nov 21, 2017 11:58:11 GMT -5
I have been burned a couple of times for giving a blank check. Y'all go ahead and vote "YES" for doubling shares and I will more than happy to see discounted PPS. I’m going to do what is best for the company and vote yes. I’m going to do whats best for myself and hold some dry powder:-) I would suggest a fairly quick trigger if any because as much as SO would make a big deal of the "dilution" effect of the shares I'm not so sure that the authorizing will have a long lasting effect on sp, I might put in a limit order to "catch" one of those infamous quick drops ....if there were going to be true large sales in scale then the announcement of the vote would of/should of prompted those not happy about it to sell most likely...why would you hold your shares if you plan to vote no thinking the potential dilution would be imminent on a yes vote? makes no sense to wait because if they don't get the vote then you might see it selloff due to not having those shares "in the bank" for future operating/strategic purposes. Although the poll is a drop in the bucket sample size, it was refreshing to see the overwhelming positive response and after Mike's clarification in the recent interview with MF I would imagine a fair percentage of those leaning or uncertain will appreciate his candid response. Many thanks to those that participated either way, enjoy your holiday weekends!
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Post by joeypotsandpans on Nov 21, 2017 6:37:00 GMT -5
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Post by joeypotsandpans on Nov 14, 2017 12:48:33 GMT -5
Correct me if I am wrong please, but the Alfred Mann Living Trust still owns about a 20% stake, not sure about the Mann Group LLC ownership, and Institutions currently own about 12%. I suspect these owners will go with the BOD recommendation, and 100% of these votes will be submitted. If the balance of the private owners (us) actually vote (unlikely), then it would require about 80% no votes to reject this proposal. I personally doubt we will get 100% of us to vote, so this proposal is VERY unlikely to be rejected. I hold about 100K shares, and will vote yes. Well we learned a lot about complacency a year ago when "the polls" and pundits assumed we would have the first female POTUS.....if everyone assumes that "its in the bag" and doesn't vote thinking the next shareholder will vote for me etc etc then the outcome is never a certainty. I voted yes because the alternative is not an option IMO as having this authorization of shares in place is akin to me like when Hank Paulson requested (pleaded on his knees to Nancy Pelosi) for congress to pass the bill with allowing for what he termed a "bazooka" to keep the global economy from going over the cliff into "the abyss". Those against the TARP to bail out because of the added cost to the deficit had their principles as well and understandably so but not sure where everything would have ended up at the time when the Lehman and Bear Stearns collapses where contained from spilling over to other big houses. So IMO, those that are against the authorizing of the additional shares based on principle should think of what might happen if those shares are not there when possibly needed for various strategic purposes and the company has to rush to maneuver in a more desperate manner/fashion. This will allow them to issue in possibly better timing situations via an ATM without having to be transparent to the short side. Much better to deal in strength than transparent desperation so hopefully complacency doesn't become an issue of surprise at the 12/13 vote
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Post by joeypotsandpans on Nov 13, 2017 19:53:55 GMT -5
Business partner saw one this am. in Vegas on ch. 13 (ABC affiliate) believes it was during Good Morning America, came up in conversation when discussing my upcoming check-up...he remembered the commercial pretty well and brought it up to me.
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Post by joeypotsandpans on Nov 12, 2017 22:36:36 GMT -5
I am hoping mnkd management can promise not to use these shares to reward themselves. I intend to vote “yes”. Doing the opposite of that promise. Proxy material specifically states that it can be used for incentive stock options. "These purposes may include: raising capital; providing equity incentives to employees, officers and directors;" But I guess you can vote yes and hope they don't do it. That is an unrealistic hope in my opinion. If any significant amount of these shares is issued diluting management's holding, unlike you and I, they would almost certainly be made whole by providing additional incentive stock options... at least that seems to be common practice. Without being privy to the employment contracts for the sales positions I would have no problem with stock incentives as part of their structured compensation if it were tied to sales. If the sales reps/area managers feel confident about the product and its future having been in sales I would prefer that as opposed to flat salary with bonus...(think of the early day Microsoft employees who are young and retired . It serves as a way to temper cash burn while giving huge upside to those who believe in the product and company. It also is a great motivator and also a reason why a lot of companies offer or convert to ESOP plans, as well as for tax purposes. Most successful people in sales prefer compensation structured toward their success as opposed to salary, we would be better served having that type of sales force who are confident in their product and it's potential. For those that will respond that it is tough to sell something like Afrezza so what sales person would take that approach I would respond the same type individual that is still holding their stock that understands the science with the longer term view. Stock used for those purposes I would have no issue diluting with among many other reasons
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Post by joeypotsandpans on Nov 11, 2017 12:20:23 GMT -5
Voting "No" and continuing to hold my large long position, but still open to having mind changed if management addressed this like they should have on the CC. I would urge people to vote their shares one way or the other. If you want to show displeasure at management you need to vote "no" rather than not voting. Many small investors never vote on anything assuming their votes don't matter. Management will only see the message if it is a true "no" vote. Appreciate your candid explanation, obviously that is one of the benefits of having this platform in sharing different views/opinions from different perspectives. Have you emailed investor relations about your concerns? It is possible they would reply regarding overall generally why they want to without getting into any specifics even though Mike said on the CC for optionality/strategic purposes. It's worth a try, only thing you could lose is a few minutes of your time
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Post by joeypotsandpans on Nov 10, 2017 17:42:08 GMT -5
Let's see where the "general mindset" is regarding the upcoming vote
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Post by joeypotsandpans on Nov 10, 2017 17:18:35 GMT -5
For me, today was almost humorous. I mean the share price was just body slammed. Today, the shorts decided it wasn't going to end higher, period. It doesn't matter how much buying was going on, they were going to ensure that it ended flat or down. Amazing. I do feel much more confident than in the past that they are not in complete control anymore in the long run. Which is why I can look at today with some humor. Central, what will cause the crooks to ever ease up on the manipulation?Today was breathtaking.. and not in a good way. You of all people should already know the answer as you are indirectly a victim of it, I'll give you one guess and it wouldn't take much for it to happen with one single announcement
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