As per poster Yoshka’s/gwells bilateral high level talks with Keryx IR, communicated thru a post which garnered 32 thumbs-up...
“3) Right now she estimates market penetration at 5%. They did not prepare properly for the launch. They are recruiting for a new Director of Sales. Currently have 95 reps and she feels they are excellent people. Their turnover is in line with other like companies. Madison has received bonuses tied to performance goals and has not for goals not achieved. Bonuses are not tied to pps. They have met with 80% of the nephrologists targeted and feel this and related journals is the best way to develop sales vs. ads and commercials targeting potential customers.”
So, “they did not prepare properly for launch” 3+ years ago, and NOW, 3+ years later, they tell us?? AND, after 3+ years of mgt. telling us about its advancements in sales activities, expanded sales force, VP Chambers, payor coverage, etc. etc., and for years reading about scripts #’s q over q growth yada yada yada - NOW, 3+ years later, IR talks about “not prepare properly for launch, an event from 3+ years ago, as if it explains 5% penetration?? What happened during 3+ years following the launch, what, they could not recover and rectify? LOL
Folks, really read and reflect on content of quote above referenced from poster Yoshka’s/gwells IR post - do any of you actually think it addresses any of the concerns at this juncture? In my opinion, it’s a complete CROC..
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“4) When asked if Klarman was playing both sides of the coin with shorting, she said absolutely not as they have a person on the board and that somehow allows them to ensure that. (Not sure how that works)”
Folks, think about it, imo, the above question posed and answer from IR is so terribly out-of-whack, tangled. First, what was the actual purpose of the question - to know if Baupost is shorting, at this jucture, after 4 years?? Expecting exactly what reply from IR, that Baupost is in fact shorting?? And then think about the reply from IR - that they “absolutely” know for a fact that Baupost is not shorting because they have a person on the BOD and “somehow allows them to ensure that”??? LOL Why ask specifically about Baupost and not about other major institutional investors, as an example, about Rockwell recently going “stealth” under 5% and potential implications as discussed here.?? Why was this topic even chosen as a necessary question to ask, with what purpose, versus so many other topics of concern at this juncture? IMO, it’s ludicrous, another CROC.
Think about it...
ALL IMO
