Valeritas Holdings Inc. VLRXQ

Healthcare

Valeritas Holdings Inc is a commercial-stage medical technology company. It is engaged in the business of improving health and simplifying life for diabetic patients by developing and commercializing innovative technologies. The company designed its first commercialized product, the V-Go Wearable Insulin Delivery Device, or V-Go, that supports the patients with Type 2 diabetes who need insulin to achieve and maintain their target blood glucose goals. V-Go is a small easy-to-use disposable insuli

OTCPK:VLRXQ - Post by User

Valeritas Holdings Inc. > added more of this one

<< Previous

Bullboard Posts

Comment by dmacdon May 02, 2019 11:00am

150 Views

Post# 29700659

RE:RE:added more of this one

Investors must fire Timberlake since he is incapable of trimming expenses and instead keeps trying to inflate or spend his way out of this crisis, and yet sales continue to be flat. Firing the CFO will have to be next up and ideally a full BOD change out. I gambled and lost on this one.

I guess we will have to play this out a few more quarters and unless the ship turns around then bankruptcy is the next stop. Best chance though is for the most recent investors to pull together a more credible team with a better business plan and refinance the company for one last attempt to build a profitable company.

Somewhere along they way this team lost its way and the BOD was too incompetent to help them find it.

<< Previous

Bullboard Posts

WINNERS of the COP 29: Siemens Energy, Plug Power, dynaCERT!