What a great new name for Miller, “Sneaky Pete.” Gonna resonate well amongst us. Such a sleeze ball.
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Optinose
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Amen to that long post. Sums it all up well. I trusted and respected Sneaky Pete to the highest of levels. And now I'n unexpectedly jobless. Does anyone even have a theory on the logic of "the big lie?" Doesnt seem to have had any purpose but to torture those of us who were axed. They could have told the group a month out that some hard decisions would have to be made and the shit sandwich would have been easier to swallow. Instead, we got "CONGRATULATIONS EACH AND EVERY ONE OF YOU" one day followed by "except some of you" mere days later. I just cant see the logic, unless those who perpetrated the lie get off on the suffering of others. Trust? Friendship? I have many friends that I trust and not one of them ever treated me in such a shitty manner. I hope karma exists. If it does, some horrible things are in store in the lives of those we trusted. And good for them.
And sneaky Pete will get you too....that's what's so ironic about this....the people who have not yet been affected by his complete lack of integrity and character are quite aloof about the people who have been negatively impacted by his shenanigans. Keep in mind folks, your current state is not at all due to sneaky Pete's loyalty and integrity. You will, at some point, be useful and expendable to him. Your confidence is misplaced, and your intelligence MIA. If you believe for one second that somehow you are too "good" to be let go.. hang around... you will eventually have your turn as well.
If sales dont explode soon they wont have any sales reps!
Losing a ton of cash everyday with no end in sight.
Losing a ton of cash everyday with no end in sight.
And, yet, spending on reps continues to grow: salary increases, stock, new spiffs. Seemingly no end in sight. The field will go one of two ways. When SP hits his exit strategy stock price and sells out, reps will either move with the new ownership or be replaced by the new owners reps, depending on who buys the puffer. Meanwhile they are spending on reps like democrats spend on social programs. Just throwing money at them.
As the stock price continues to slowly rise, I have to wonder why. Sales are not escalating, and there seems to be no expectation that will happen in the near future. So... what's up with that?
“ Sneaky Pete” is a great name. Gonna give myself an Admin day, just like the RBL’s do 2-3 x a week and bing watch the first episode on Netflix. Maybe they can film an episode in Philly at home office.
The big firms held onto Enron & Housing securities too late as well. They are embarrassed to liquidate the positions and take the loss. As long as its a paper loss its not a real loss. Wonder how much longer.
Watch the Big Short and think carefully about this stock. Someone is going to be left holding the empty bag.
Watch the Big Short and think carefully about this stock. Someone is going to be left holding the empty bag.
Sneaky Pete was born 100 years too late...
DR. PETES 100% Genuine Snake Oil huckstered off a covered wagon by needlenosed midget would have been classic!
Someone please explain to me why Optinose was very recently at $6.00, now at $10.00, with no material change? What exactly justifies that increase?
There are many factors that can explain the artificial inflation of the stock price. The forward looking forecast given to financial investors during the quarterly call, that is overly optimistic, inflated sales numbers, etc..
However, without actual sales and the demand by customers, you cannot continue to give a product away for free indefinitely, Their have been so many changes in the PPN that customers feel like they are on a merry- go- round.
Have a family member who stopped using it and said they have received calls 2-3 x a day from FC. Where were those calls for all the scripts that were RX months ago?
When you start crossing the line between sub specialties and try to get physicians to encroach in their colleagues field of expertise, they look at you funny without saying a word.
Not to talk about our indication is not the way the FDA intended this medication to be promoted and for management to say not to talk about it, but discuss the symptoms is disingenuous to say the least.
However, without actual sales and the demand by customers, you cannot continue to give a product away for free indefinitely, Their have been so many changes in the PPN that customers feel like they are on a merry- go- round.
Have a family member who stopped using it and said they have received calls 2-3 x a day from FC. Where were those calls for all the scripts that were RX months ago?
When you start crossing the line between sub specialties and try to get physicians to encroach in their colleagues field of expertise, they look at you funny without saying a word.
Not to talk about our indication is not the way the FDA intended this medication to be promoted and for management to say not to talk about it, but discuss the symptoms is disingenuous to say the least.
That make sense, but is obviously a very short term strategy. One could make the leap that this will solve their problem for about two months. As we come closer to the announcement of the next quarterly earnings, they will suddenly announce that they are giving guidance for lower earnings. And it starts again.......
“”Sneaky Pete” can fool some of the people some of the time, but he can’t fool all of the people all of the time. With his failure to execute on his promise, everyone in the sales organization will start spending some of their time looking for another opportunity, where integrity is displayed by actions and not just words.
Nope... they are bought and paid for with some of the highest salaries and the best perks in the Pharma industry today. They will stay on board in spite of what I was done to a few. I know I would.
That is the misconception. It was a contract with Syneos. They are not even close to highest paying in Industry that commensurate with Industry standard. Some folks were told the cap was around 83K, while I know for a fact others were brought in at 95K and some even north of that. With other companies (not contract for a specialty position with 5-7 yrs experience they are being offered low six figure salaries, so it is not the highest in Industry (not even close). That is why many jumped ship early on and "Sneaky Pete" came out in end of May and said that decision was made to bring EVERYONE on board April 1st (some April Fool's Joke right). He did that to stop the bleeding and losing rep's like the girl in Colorado (top performer) two days after he rode the field with her. She left because of her RBL. The rumor is that the RBL out there doesn't do anything on his field rides when in front of customers and just stands in the corner, like a statue, eating all the food and then grills you when you get back in the car. I am glad I am not in his Region. The sad truth is the joke will be on "Sneaky Pete" because people I have spoken with are interviewing and/or have offers to jump ship. The "So-called" Managers (Optinose employees were brought in somewhere between 150-175k) and losers like D.F. were brought in somewhere in the 250K bracket. Little Tommy salary is 450K (along with stock options and many other perks). It is public record and you can look it up with very little effort. Peter and Ramy on the other hand have their investment in stock options and when you see them start liquidating their option to exercise the sale of those stocks, then it is time to start looking actively for another job, because that is always the precursor to a start-up selling out to a larger company. I will be out of here shortly and I think I will pull a "Sneaky Pete" and make my resignation effective immediately at the end of April (pay my bonus, thank-you very much). No allegiance, loyalty or sense of obligation to a company that propagated a lie to all of us for eight months. They will never recover from this.
Tom,
The reps seem to be on to us.
What is our next move?
Sneaky Peter
The reps seem to be on to us.
What is our next move?
Sneaky Peter
I know, let me say “ it’s on me.” Oh wait, I already used that one. Sorry “ Sneaky Pete,” maybe Dave can come up with some more ideas that we haven’t used yet.