Important Information for Iroko Representatives

Discussion in 'Iroko' started by anonymous, Sep 16, 2016 at 5:25 PM.

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  1. anonymous

    anonymous Guest

    You should all be aware that LOU is using you as a pawn. He has to demonstrate very quickly that that company has positive cash flows. The company is in debt to the investors for a lot of money. It is highly unlikely that Iroko will become profitable, but by having positive cash flows, it can be sold and return something to the investors. LOU needs you stay at Iroko until he can sell it. That is why there are retention bonuses. Once he sells don't be surprised if you lose your job. This past week he fired from Iroko his cousin and Osagie's nephew. He will do the same to you without giving it a second thought.

    Iroko probably has enough cash to operate for several more months and will probably have to have a sizable amount reserved for LOU's severance and to meet contractual obligations for the executive's severances. Do not expect for the managed care situation to improve. It may likely get worse. Do not expect new marketing materials. Except for one person, that department was eliminated. Do not expect to be trained on new content. That department was eliminated. Do not expect any new clinical data - there is none. Do not expect a severance when you get fired. Iroko is not obligated to pay you one.

    This time of year is ideal for representatives to find new jobs. Good companies are hiring. You should be proud of yourself for being hired by Iroko. It demonstrates that you provide value. Use it to get your resume updated. You should identify several good recruiters to help you and network with others to find your next great job that will take care of you and your family for years to come.
     

  2. anonymous

    anonymous Guest

    who is Osagie's cousin and Lou's nephew?
     
  3. anonymous

    anonymous Guest

    Its Lou's cousin and Osagie's nephew. Read the other posts and you can figure it out. You are missing the point. If he is going to fire blood relatives he won't think twice taking anyone else out. Is that the type of company people want to work at? LOU is desperate to make money and puts greed above morals.
     
  4. anonymous

    anonymous Guest

    Lou wants to sell the company as quickly as possible because he has a sizable investment (millions) invested in Iroko. Follow the money... He is motivated by greed. He could care less about patients. If he had his way he would sell an opioid over an NSAID.
     
  5. anonymous

    anonymous Guest

    if Nick Albert was let go he has no problem letting go of anyone. Watch to see how quickly those $10 copay cards get shut off.

    I predict the end of Iroko 3/2017. Mark my words.
     
  6. anonymous

    anonymous Guest

    Were you at the Tivorbex launch in Las Vegas? That launch meeting proved this company is a joke. Lou took the stage on a motorcycle, when he should have rolled out in a wheelchair. Then he gave "Mary" $200 to act like a woman on Zorvolex, while it was clear that she was a shitty actress who they found in an alley near the hotel. Mary even tried to cry (probably for an extra $50) and couldn't get the tears to roll down her cheek. Iroko is a blender off EBay. They take generic drugs, put them in a blender, and sell them at a ricicoulous price. No comaparative data to support their claim - lower the dose, lower the risk. This isn't real pharma. It's all smoke and mirrors. Iroko is worth $15,000 and that should be the asking price.
     
  7. anonymous

    anonymous Guest

    Retention bonuses? Is that how that mass exodus was squashed?

    And, the smart reps left have big lous #. We know his priorities and finding another job is the priority of most the reps that were retained and we are spreading the word to everyone to get out!! After months of no communication, it's clear we have little value. And that has been a rumor for some time that lou just wanted to become profitable to sell, we have to take care of our families. We aren't like these greedy cronies, most of us live paycheck to paycheck. I don't think they've lost a wink of sleep.

    As for the cali trip, that's a slap in the face to every person laid off. You could have accomplished that far cheaper. This is another reason everyone hates pharma.
     
  8. anonymous

    anonymous Guest

    I bet the meeting in Monterey will cost Iroko over $100,000. Why would you waste this amount of money after having a massive lay-off to save money? It doesn't make any sense. This is a terribly managed company. I give it no more than 6 months. I'm done with this place.
     
  9. anonymous

    anonymous Guest

    It all makes sense if you pay attention to key words on the conference calls.
     
  10. anonymous

    anonymous Guest

    It doesn't make sense to spend $100K on another stupid meeting.This is CES's 5th meeting in 9 months and the business is tanking. Iroko is running out of cash, way too much dept to go public (they tried that already) and they waste money on a meeting in expensive Monterey? Someone is not watching the cash. Was the CFO fired? Six months and the doors will be closed. Get out while you can!
     
  11. anonymous

    anonymous Guest

    I don't think they have enough cash to last 6 months. They only have $30 million in the bank and burning through $10 million a month. They are done by the end of December.