Amarin Corp Plc (AMRN)

[CalMustang]

While you have a point, I think MNBioMike is closer with 250k a year. I'd put it closer to $200k, but whatever.

Base salary: $80k
Travel /car: $35k (note: this could be a lot more... One flight / week + hotel could come to $1k/wk).
Expense Account (i.e. taking clients to dinner, etc): $25k
Benefits (Medical, Dental, Vision, 401k, PTO): $20k
Employer-paid Taxes (16.35% - 17.05%): $13.5k

Total: $174k/yr

Granted, that's spread over 12 months, so that's $14.5k a month.

Over additional 400 sales people that's $70MM a year, or $5.8M a month.

Considering label expansion is less than 3 months away, and with a 3 month float to new years, those sales people should be "making money" by January. That means that Amarin would, at worst case (i.e. those new sales people make 0 sales until January) would have to float $35MM between now and January.

Considering CoH increased between Q1 and Q2, and they had over $200MM in cash, they should have been able to absorb the cost of 400 new sales people over 6 months.

That leaves two options:

1) The $400MM cash raise isn't for sales
2) Management is inept.