This latest shareholder letter has me going around
Post# of 7786
(Total Views: 181)
Posted On: 10/16/2024 12:25:31 PM
This latest shareholder letter has me going around in circles. On the one hand I totally get everything Dr. Staelin said and in all probability agree with, at least in principle. On the other hand, I see admission of two broadside hits to the company from MundiPharma and Synergy and a straight up statement saying their efforts to get insurance coverage was unsuccessful. That was offset by giving lukewarm news from the VA. They are going for ‘system’ coverage vs insurance coverage. Incidentally, the difference between gov’t coverage and private insurance coverage is about 3 microns. Tax money vs your private check or pay deductions. Either way you pay.
As for the veterinarian market, ok sure, we’re making headway. Having been burned by Synergy and Mundipharma, my optimism has also taken a broadside hit. I’ll take a wait-and-see approach to that until revenue is in the bank. I am not blaming BIEL or CEO Kelly. I do blame big pharma. That was corporate sabotage coming from the very top. They knew exactly what they were doing. If you think what I have been screaming about big pharma has been even the tiniest bit of exaggeration you’d better rethink it. These f**ks will stoop to anything, anytime, anywhere to retain their Power. WE ARE a threat to their Power. I understand the legal action but also understand they own the system and play their game, not yours or mine.
There is one conspiracy in this world. Only one. It is Money; the abuse and leveraging of debt-based, usurious (Usury) money to control everything, everyone, everywhere. All else stems from it. Right below it is Media, Military, and Food. That is your life in a nutshell. Remember what happened to the Sacklers. That’s right, f**k all nothing. While the lawyers played musical chairs, the Sacks-of-shit transferred billions to offshore accounts. In the end, they paid for a speeding ticket and went on their merry way. They conspired to commit mass murder and got away it. What? We didn’t know opium was addictive! There is Hell. There is Dante’s Ninth Circle of Hell. Then we get to Sackler Hell. If only …
By far the most important sentence in the letter is:
As Chairman of the Board, Dr. Staelin has access to information few people have. What could he possibly say that would not seriously strain any NDA? We should have been approved for every damn thing ages and ages ago. No excuses whatsoever. Name one other product w/ a track record even close to ours in terms of safety and effectiveness. Our name should have the same recognition as Kleenex and Q-tips by this time. Will BIEL “provide good economic returns” in our future? If only …
Hope for the best, Prepare for the worst. Adapt - Improvise - Overcome
"Sic parvis magma" - Greatness from small beginnings
All the best, WBeacham
As for the veterinarian market, ok sure, we’re making headway. Having been burned by Synergy and Mundipharma, my optimism has also taken a broadside hit. I’ll take a wait-and-see approach to that until revenue is in the bank. I am not blaming BIEL or CEO Kelly. I do blame big pharma. That was corporate sabotage coming from the very top. They knew exactly what they were doing. If you think what I have been screaming about big pharma has been even the tiniest bit of exaggeration you’d better rethink it. These f**ks will stoop to anything, anytime, anywhere to retain their Power. WE ARE a threat to their Power. I understand the legal action but also understand they own the system and play their game, not yours or mine.
There is one conspiracy in this world. Only one. It is Money; the abuse and leveraging of debt-based, usurious (Usury) money to control everything, everyone, everywhere. All else stems from it. Right below it is Media, Military, and Food. That is your life in a nutshell. Remember what happened to the Sacklers. That’s right, f**k all nothing. While the lawyers played musical chairs, the Sacks-of-shit transferred billions to offshore accounts. In the end, they paid for a speeding ticket and went on their merry way. They conspired to commit mass murder and got away it. What? We didn’t know opium was addictive! There is Hell. There is Dante’s Ninth Circle of Hell. Then we get to Sackler Hell. If only …
By far the most important sentence in the letter is:
Quote:Which, of course, leads to the huge, ‘unmentioned’ elephant in the room - coverage thru CMMS; Medicare and Medicaid. If we are making inroads into the VA, which happens to be ‘system paid’, then how far of a jump is it to CMMS? Naturally, I am asking this w/ a straight face. It’s all bullshit paperwork bureaucracy, anyway. Is the VA a stepping stone to see how the manufacturing ramp-up goes? I could see that happening.
This has led us to re-focus our efforts on channels where the product IS PAID FOR BY THE SYSTEM and not the patient.
As Chairman of the Board, Dr. Staelin has access to information few people have. What could he possibly say that would not seriously strain any NDA? We should have been approved for every damn thing ages and ages ago. No excuses whatsoever. Name one other product w/ a track record even close to ours in terms of safety and effectiveness. Our name should have the same recognition as Kleenex and Q-tips by this time. Will BIEL “provide good economic returns” in our future? If only …
Quote:
THESE are the times that try men’s souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands it now, deserves the love and thanks of man and woman.
Hope for the best, Prepare for the worst. Adapt - Improvise - Overcome
"Sic parvis magma" - Greatness from small beginnings
All the best, WBeacham
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