Hiring reps - coast to coast expansion

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Anonymous said:
Youre right. Not broke but here is the realty. You will sell roughly 7-10 million in q2. Lets assume 20% cogs and you will recognize 6-7 million in GP for the quarter. I will also assume 20% rebates so realistically 5 million in net sales. You have cash of 200 mil, and SGA costs of 40 mil per quarter- most of it the sales force and 20 mil a quarter for research and development. If all is applied, you will lose an additional 55 million in cash this quarter down to 150. You have debt commitments of almost 300 million that costs 8 million a quarter in cash so now were at 142 with a burn rate of ~60 million a quarter. Now sales will increase. My guess is 30% each quarter so the burn will slow by about 3-5 million, but still a 50 million burn per quarter. You have about 2 quarters left before you either a- refinance, b- cut sales costs c-renegotiate debt 4-Get sold.

Just one persons humble opinion
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This is a unreal. Looks like this post will be accurate within 1-2 million. The a scenario has started and realistically so did b because of the compliance memo. next will be audits on signatures to make sure we have signatures on every call from every doc then let go 20% of the sales force and 30% budgets including comp. I cant wait til we get sold.
 






Anonymous said:
This is a unreal. Looks like this post will be accurate within 1-2 million. The a scenario has started and realistically so did b because of the compliance memo. next will be audits on signatures to make sure we have signatures on every call from every doc then let go 20% of the sales force and 30% budgets including comp. I cant wait til we get sold.
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They just want people to quit. Not hiring for open vacancies. The compliance memos are just the beginning. There will be more bombs dropped at the July POA's about the asinine, stupid things we will be expected to do. Big Pharma babysitting X 1000
 






Anonymous said:
Youre right. Not broke but here is the realty. You will sell roughly 7-10 million in q2. Lets assume 20% cogs and you will recognize 6-7 million in GP for the quarter. I will also assume 20% rebates so realistically 5 million in net sales. You have cash of 200 mil, and SGA costs of 40 mil per quarter- most of it the sales force and 20 mil a quarter for research and development. If all is applied, you will lose an additional 55 million in cash this quarter down to 150. You have debt commitments of almost 300 million that costs 8 million a quarter in cash so now were at 142 with a burn rate of ~60 million a quarter. Now sales will increase. My guess is 30% each quarter so the burn will slow by about 3-5 million, but still a 50 million burn per quarter. You have about 2 quarters left before you either a- refinance, b- cut sales costs c-renegotiate debt 4-Get sold.

Just one persons humble opinion
Click to expand...

ok, this was spot on. What do you think is next?
 






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