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In the wake CosmeticMD, aka Dr. Justin Piasecki, being caught lying dead to rights, and very sloppily I might add, I hope everybody here now understands what I've been talking about when I say that Revance is under attack from dishonest shills spreading FUD.
Dr. Piasecki (CosmeticMD) caught in a red-handed lie!
Then:
Forgive Dr. P.— while he did go to Stanford, he has a degree in biology not math!
Come on Dr. P., you can't accept a compliment? Many on this board have accused me of being overly negative, but I'm genuinely impressed by your credentials so kudos.
I'm less impressed that you decided to come onto the RVNC investor's board to spread FUD about Daxxify because your personal skincare brand is doing poorly: https://www.cosmeticmdskincare.com/
Actually Dr. Piasecki, you are both, which is why I said I was wrong about your credentials. They are impressive!
Don't worry, nobody is expecting you to admit it of course. I was wrong though Dr. Piasecki. Your resume is impressive.
Still, your credentials aside, spreading false information about Daxxify on this board—because you feel threatened by the improvement in skin appearance so many patients are experiencing, and fear they may not need your own untested products anymore—is dishonest.
CosmeticMD mystery solved!! CosmeticMD is Dr. Justin Piasecki.
Yes, you've made that claim multiple times. Yet you registered on a RVNC investor message board 2 weeks ago to spread negative—and often factually false—information about Daxxify. You claim you were short but covered, so why are you here now? You dance around questions about your motives. You've made multiple statements and accusations without proof. Please share some photos and testimonials from your own patients.
Thus, a logical person would conclude that you are lying and are in fact financially motivated to see RVNC and Daxxify fail.
LOL! Of course you ignored the review from the patient themselves contained within in the post, just like you ignore the best interest of your own patients to pad your pockets through hefty Galderma rebates! Please share your real name so we can verify your patient reviews.
I provided Jennifer's LinkedIn link for transparency, something you have not done because you are a paid shill for Galderma.
Excellent therapeutic review of Daxxify. Apologies if this has already been shared here. It will take time to gain access to view the TBCD FB group, but in the meantime here is a great therapeutic review of Daxxify floating around in a public FB post. FUDsters like CosmeticMD don't back any of their claims up with any evidence. They say they can't because of privacy rules. The truth is FUDsters don't need facts or evidence.
https://www.linkedin.com/in/jennifer-morrissey-frost-25505a20
Wrong, I also agreed that anesthesia doc's post was good. I am specifically countering you and CosmeticMD because you both have spread FUD from your no-longer-secret FB FUD group which anesthesia doc has previously confirmed is full of disinformation spread by Abbvie shills.
You have rote knowledge but you either lack the skill or the concern for your patients to learn the technique to deliver excellent results with Daxxify. I'm not surprised you want to keep your real name secret because you no doubt have terrible patient reviews. In time your patients will find their way to better providers.
An alternative explanation to why you've here, which I've already posited, is that you simply are not very skilled as an injector and haven't been able to figure out the more advanced technique required for Daxxify—in which case you're rightfully terrified about losing your Dysport business to more skilled injectors who actually care about using the best product and are delivering incredible results for their patients with Daxxify.
You can dance around the question of why you're here but everybody will continue to assume it's because you're a shill or a short.
So why are you here then if you have no skin in the game? That's nonsensical. You are a shill. You have financial incentives to spread FUD. Otherwise disappear. If you don't I will be here to call out all of your lies.
I've also made huge profits trading RVNC for years so your 600% brag is worthless. The shares I currently hold still have gains at the current price. But none of that is relevant because nobody is here to talk about the past. We are here to talk about the future and you CLEARLY have a financial incentive in destroying RVNC's future value.
Obviously I already know that your FUD group is full of negative opinions about Daxxify. The question is which ones carry any weight and which ones are completely useless and lies like yours. I'll find out in due course.
Yes, I'm planning to go to medical school to get into the group! 🤣🤣🤣. You expect us to believe you're a doctor and you're really that slow? Actually many doctors really aren't that smart (see the FB group) so I do believe it.
I have contacts and I will gain access to view that group. I don't need to be invited, I just need to see what has been said. I'm sure you don't want that because then I will be able to relay to everybody here the FUD spreading there and how useless that group actually is. Feel free to give me your real name so I know which member of that group is you.
I don't believe that story for one minute. If you make up your trading history then of course it was executed perfectly. You decided to register on this board 2 weeks ago to tell us all that? You sir are a complete liar and everybody on this board can see it.
Realself has been discredited here multiple times. There are only 26 reviews there and they're completely anonymous, unlike many reviews on TikTok or Instagram that are posted from real people's social accounts.
All these negative Realself reviews even show, if they are even real, is that the people who had bad experiences selected low-quality providers such as yourself.
For anybody thinking about getting Daxxify for themselves: it is crucial to pick an injector who has the skill and has learned the technique required to deliver the desired amazing results with Daxxify. Call around and make sure they're onboard with Daxxify. If you go to somebody like CosmeticMD, you're going to have a bad experience (probably regardless of what product you get).
Thanks. You yourself were more than willing to speak to the level of disinformation on that FB group last year when you still were a RVNC shareholder. I understand and appreciate that you can't say with certainty that disinformation still exists if you're no longer reading the board regularly. It's asinine for anybody to think that Abbvie would stop their FUD campaign upon Daxxify's launch. The opposite is clearly much more logical. I also understand these FB boards are private and don't want screenshots taken—which makes them the perfect breeding ground for spreading unchecked FUD inside an echo chamber. I am working on gaining access to the group.
I can't speak for other people here, but I'm not attacking "anyone [who] posts a bearish argument." I'm not attacking you. There are people here however who are clearly short or have undisclosed financial motivations to spread FUD. CosmeticMD is a perfect example. Spreading outright lies about Daxxify is not a "bearish argument."
You say that "I do fully agree that this product has a much better chance in the medispa market" but you don't follow through to the logical conclusion that the reason is because such injectors have much more experience and motivation. In simple terms, Derms have no clue what they're doing with these products and they're not even the target market. It's also a provider population that is easy for Abbvie to corrupt because they have regular contact on products beyond injectables.
More commentary on the FB group:
I've not accused you of being short doc, I simply said that the quote was from before you turned bearish and sold your shares. Some other people on this board however clearly do have ulterior motives.
Here's the thing about "that comment" doc. Yes it was from November 2022 before the Derms in the group had used the product, but it is evidence of that group being a breeding ground for "dis-information" i.e. FUD being spread by Abbvie shills. You're not so naive you believe that stopped when the product launched right doc? In 2022 the FUD was that Daxxify was only good because Revance doubled the dose. In 2023 the FUD is that Daxxify isn't even that good and only lasts a few weeks longer than Botox.
Doctors are also known to have a propensity for groupthink (and stubbornness) and specifically it seems this group of injectable providers were inexperienced in proper technique to generate excellent results with Daxxify.
You've admitted in past posts that Dermatologists don't really make money from injectables. Thus they clearly don't use a particularly high volume of Daxxify nor have the same incentives to find best techniques as businesses that do make money from them. Many injectable-focused aesthetics providers have seen the clear benefits of using Daxxify for both patients and themselves (particularly now with new pricing).
Do you have a better explanation for why so many aesthetics providers, some who post on this board, have discovered the appropriate technique for excellent Daxxify results—while these MDs in the FB group whose opinions you value so highly have not?
Good for you that you sold your shares before the most recent price collapse. I've been trading around this name for years. What happened in the past is now irrelevant.
Please screenshot and share any high-quality commentary from the FB group that proves me wrong if any exists.
The truth about the FB group comes out!
From an old post by anesthesia doc before he sold his shares and turned bearish on RVNC:
It's unclear exactly where your financial motivation comes from so why don't you clear it up for us? Perhaps you're concerned that your practice will lose customers once they realize Daxxify is superior? Why not just take the time to learn how to inject Daxxify properly? I have information from multiple practices confirming the quality of Daxxify. Positive reviews abound on social media. Other injectors who post here have excellent reviews. You have made multiple statements that are completely false and show a lack of understanding about this product space. So yes, please explain to us exactly what your financial motivation is.
CosmeticMD is a liar. See post 4558 on this board.
LOL! CosmeticMD and boraborak38—of course the top two shills on this board are some of the first to reply to this message.
Folks, for those who don't know yet—CosmeticMD (who is brand new here) especially, and also boraborak38, have financial interests in companies that compete with RVNC and make disingenuous claims about Daxxify.
CosmeticMD is a downright liar. The only other possible explanation for his/her results with Daxxify is severe lack of skill.
boraborak38 is not an injector but supposedly hires unskilled/cheap injectors who have not figured out how to properly inject Daxxify for outstanding results as other practices have.
Btw, great post Emannow!
Disagree. RVNC is being attacked from multiple angles—ignoring it won't make it go away. FUDsters like CosmeticMD are spreading disinformation about Daxxify.
Here are a few reasons why an aesthetics practitioner might make claims like the ones CosmeticMD made about Daxxify:
1) Haven't been properly trained, or are not intuitive enough, to understand the proper technique to get excellent results with Daxxify.
2) Lack skill as an injector.
3) Are shareholders in ABBV or another toxin company that competes with RVNC.
4) Are paid representatives of ABBV or another toxin company.
CosmeticMD is the latest ABBV shill/FUDster on this board.
Emannow has been one of the most knowledgeable people on this board regarding front-line happenings with Daxxify in aesthetics. You—CosmeticMD—just made your account and are a nobody here.
This is exactly the type of attack that Dr Blackledge was alluding to on yesterday's panel. People with financial incentives tied to Botox, or the other toxin brands, are terrified because Daxxify is as good or better in real world use than what was observed in the clinical trial.
Agreed, I thought the panel was great. I suspect most of them are also shareholders—and if they weren't before today's price drop they probably are now!
And whatever else they might feel like adjusting away in 2025 to flatter the numbers. I think there's still a decent chance for GAAP profitability in 2025 with the new competitive pricing IF they have truly learned their lesson about profligate spending.
Of course there are also macro uncertainties in the equity market and to the consumer. If we get more clarity (to the upside) on that in the next 6 months I expect stocks like RVNC to trade at higher multiples.
He was, and it was a terrible waste of money. We'd certainly love to have it back now. However, the decision to cut their losses now is a positive development for the stock today and removes an area of concern that I had regarding future money sunk on that product.
It was me—although several other people have also shared reactions from TikTok and Instagram. The two male practitioners in today's panel have been shared here before and post frequently on social media about Daxxify.
RVNC has been a terrible stock to buy and hold. For those who are a bit more active with their trading it has actually been very rewarding. This macro market is extremely challenged for stocks like RVNC. They just told you they won't even have positive "adjusted" (and we don't even know what the adjustments will be) EBITDA for 18+ months. You can earn 5.25% risk-free in a money market fund right now. Fund managers—and really most investors—think in quarters not years.
I'm very disappointed that Mark didn't have more awareness to take responsibility for the massive destruction in shareholder value. The board may need to make a change.
Ultimately however, Daxxify is an incredible product that is actually exceeding expectations despite the very loud FUD claiming otherwise. The reactions on social media are important. Remember Dr. Blackledge said today he has never seen attacks on an aesthetics company like the ones against RVNC from ABBV and their army of FUDsters. That's because they know that Daxxify is the superior product and a huge threat to their business.
Thank you so much! Time has proven you to be one of the most valuable resources on this board.
Daxxify is clearly the superior product, by a significant margin. I've always been of the mindset that in the worst case they could match pricing with Botox. The 2-year delay due to the FDA inspection Covid backlog and then subsequent CRL caused RVNC to miss the party. In 2023 they're facing an entirely different equity market and consumer. This new plan seems solid though based on your commentary so a quick pivot was perhaps exactly what was needed – especially as the macro economic picture remains highly uncertain.
I don't think it's about ego necessarily. The plan would have probably worked well in 2021 and 2022. But now in 2023 the consumer is already considerably stretched and not interesting in spending up for the premium product. There's still so much uncertainty about the path of the economy and the consumer that it is perhaps too risky now to try and wait it out and so they've decided to make a quick pivot. I have mixed feelings about that decision but the reality is I don't want them to risk the company on a premium pricing strategy in front of what could be a deeper recession.
Unfortunately I agree with you. I obviously don't have all the facts but I like Dustin. If there was a mistake it was on Mark but he's obviously not going to be the fall guy. I'm also not convinced that a major pivot was necessary yet just because the stock is down, but as you said, somebody has to pay for erasing $2B in value.
Excellent post, thank you!
You are 100% a FUDster and it's working. This is a difficult environment for both stocks and the consumer. Daxxify is clearly the better product but now RVNC management is shitting their pants. For long term investors with a low cost basis most of this is just noise but sometimes noise can have real impacts. We'll have to wait for an official update from the company anyway because anything you say is suspect at best.
If Jake was actually short ENTA he would know today's move was technical and not fundamental.
Great post. 99.9% agree! The market is also signaling disappointment. It's an unavoidable reality but what the market is signaling now will be irrelevant as long as Foley is ultimately correct.
I don't pretend to know where the stock is going in the short run. The macro market setup is horrible. Most daily movement is driven by algos and degen short-focused fund managers trying to justify their one and twenty fee this quarter. RVNC could go back to $10 in the short term I honestly would not be surprised now given the trends. I hope it doesn't but if it does that's an opportunity. Use your trader skills to identify short term trends and then make long term decisions. As an asset gets more mispriced I adjust my positioning accordingly. I also don't pretend to know when a major positive catalyst could be announced. This stock could double from here in a single session on a partnership announcement for therapeutic. I'd hate to miss that.
I agree with you that the years of burn and now the slow sales ramp looks bad. This market hates it. Imo it's a new company since Foley took over and especially a new company since they had an actual product to sell. Foley hasn't been given sufficient time to validate the strategy and everybody is projecting past trends into the future. We have seen first hand recently from injector posts on this very forum that injector training for Daxxify is crucial and patient outcomes depend on it. Compare Soma2022's outcomes to borabora38's. Yes it will be more costly and time consuming to penetrate the market than some including me hoped but I think you're being far too pessimistic on this point.