This just makes my blood BOIL-
"Mark Cuban Says 3M Not Doing Enough to Keep Face Mask Prices Low
Billionaire Mark Cuban has been trying to do his part to help hospital workers get more protective equipment, working with a non-profit group and delving into the market himself to find gold-standard N95 respirator masks he could buy for medical personnel.
He uncovered something else instead. What he found poking around in that marketplace is leading him increasingly to believe that respirator maker 3M Co. is shirking its duty to keep prices low and get masks where they’re needed most during a national emergency. The problem, he says, is that 3M sells the masks through a network of resellers who aren’t held accountable for raising prices and don’t have to direct their sales to hospitals.
“3M lists all its distributors online, the ones buying and selling these things, and these distributors are making as much money as they possibly can,” Cuban said in an interview. “It’s wrong, it’s criminal.”
A representative for 3M pointed to a previous statement saying the company hasn’t changed the prices it charges for respirators as result of the Covid-19 outbreak, and can’t control the prices dealers or retailers charge for their products. 3M also released a letter this week from Chief Executive Officer Mike Roman to Attorney General William Barr condemning “pandemic profiteers.”
Cuban says his outrage was initially prompted by an influx of emails from so-called distributors trying to sell him “billions” of masks. “I have emails saying, ‘I have a 100,000 masks per sale at $8 per piece.’ I would ask if these were 3M masks, N95s, and if they could prove it. I literally have been offered billions of masks at premium prices from $4 to $8, million-dollar minimum orders, who knows what’s real.”
While several companies make N95 masks, 3M, the 118-year-old Minnesota manufacturing giant, is one of the most well-known and prestigious brands. In response to surging demand for the respirators, Roman has doubled global production of N95 masks in the last two months to about 100 million a month, with plans to expand annual production to 2 billion a year over 12 months.
Cuban said he’s reached out to Roman but remains dissatisfied.
“I’m excited that 3M has increased capacity. But supply hasn’t been matched with demand,” he said. “Why is 3M not telling distributors, pick up the phone, sell your inventory to the hospitals, or will never let you buy more product?”
https://www.bloomberg.com/news/articles/2020-03-28/mark-cuban-aiding-mask-effort-says-3m-fails-to-stop-profiteers?srnd=premium