Another investor relations snafu!VMD may be an excellent operations manager, but its IR function is inadequate. First we had the incorrect news release, now this confusing published interview. I too received an answer from Glen, but a couple of points:
- Max Hoyt stated: "The patient is going to lose and the good providers offering high-touch service will be penalized, as well.” In his replies to us, Glen only addressed the patients' loss - he did not address Max's second point that good providers (VMD) will also be penalized. Presumably, he rejects that point?
- Glen confirmed that Max is VP Government Relations, but Max is not an officer of VMD, simply an employee or consultant with a fancy title. Only designated directors or officers should be permitted to give press interviews (or issue news releases).
I beleive that this interview hurt VMD and its shareholders. VMD needs to improve its IR function, soon.