Revance Therapeutics Inc (RVNC)

[10nisman]

IMHO - the RVNC sales reps and sales managers have been telling Foley and Dustin that the price of Daxi was too high for the last 4 months. The upper management team did NOT listen and sales reps and managers who were actually afraid they would be fired by Dustin for giving them honest feedback! EGO is why this fumble happened !!! I can not believe the RVNC Board of Directors allows this to happen…what an EGO driven management team!

Strategies need time to playout. It's always easy to look in hindsight and say Management should have never done this or that, or they should have moved faster with the change, etc. Management gave its initial strategy the appropriate time to playout and prudently and timely adjusted its strategy based on feedback received. If you've never worked in the business world, you likely don't understand that companies cannot just switch strategies overnight even if they're confident its not the correct strategy. With that said, the current strategy has a high probability of driving significant revenues and market share which should result in the share price rebounding as the Company provides better go-forward guidance.

The share price looks close to being fully washed out, and FWIW, I added another block of shares today.