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Re: Ajax133 post# 34814

Saturday, 09/20/2014 12:16:32 PM

Saturday, September 20, 2014 12:16:32 PM

Post# of 423947
you have to go back to the serious miscalculations
of MGMT. They committed acts that FDA has been strongly opposed
to for many years. ie: Pump and Dump, which the CEO (JZ) did
and handsomely profited by so doing.


What the?? Since when does the FDA monitor insider sales, and even care what insiders do, let alone get "enraged" by them?

Selling $M's of stock the day of Vascepa's approval in the Marine indication. This is unprecedented in the Biotechnology Industry.

Not unprecedented at all, and you should know this - happens all the time, and is typically a bad sign - look what happened to VVUS for instance. Leland and Tam knew they had a crap drug on their hands and sold way more than JZ did.

This enraged FDA and they wouldn't allow JZ to attend ADCOM. That speaks volumes as to why FDA has been AMRN'S nemesis. They have a long history of doing this with other Co's who acted in an
inappropriate and non Professional way


I believe that JZ did do things that pissed off the FDA, but selling stock can't be one of them, that's so far out of their purveyance it's not funny. And AC's are a public event, don't believe the FDA has the power to ban anyone from attending, especially not the CEO - I think JZ knew he would not be useful there, thought it was in the bag anyway, so he stayed away. CEO of ARNA did not attend their second AC either.

The Thought Police: To censor and protect. Craig Bruce

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