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Covid caused the massive inflation. You can't shutdown the worlds economy then open it up all at once and not expect inflation. Inflation was/is a worldwide problem, not just in the US.
One day Amarin could file bankruptcy or liquidate to the highest bidder and YOU would still be bullish and try to find the positive lol. You are something else. Sure hope people aren't dumb enough to listen to your nonsense.
Not sure about shady but definitely not infallible. I remember when people used to love justifying their positive position by telling me that Denner wouldn't have stuck as much money as he did into a company whose prospects were poor. My response was, big investors, hedge funds, institutional investors get it wrong more often than you think. Confirmation bias has no place in investments.
Amarin is being pushed back to the brink of delisting and BK? A simple reverse split would easily solve the delisting part and the co has around 300 mil in cash so it's not going bankrupt any time soon.
Problem is, by the time that is a known fact, the stock is worthless and you've lost all your money. Denner cannot be happy with the way things have gone thus far. Denner was looking for some board seats, not inheriting the entire company. Running a bio is not what he wanted and is definitely not what he does best.
Exactly! Just a Dog & Pony show move.
If Sarissa was so smart and if they knew (positive) things that the shareholders didn't know, then they wouldn't be in this mess in the first place. Big investors get it wrong all the time. Amarin became personal to Denner and this is a rookie mistake and now he's suffering the consequences.
Not necessarily true. All reverse splits are not bad. Just depends on the reasons and the outlook of the company. I believe that if Amarin did a reverse split, it would be neutral and neither good or bad. They would be doing it just to remain listed and not because they need to raise cash. Some co's do reverse splits in order to uplist and this would be considered a positive. The co's that do them in order to keep the lights on with poor future growth prospects are the bad RS's.
This is one of the problems here. One point in time has zero to do with another point in time. Things are not the same now than they were when they sold 20 mil shares at $18. The stock was at $18 for a reason and currently at .70 for different reasons. Your thought process is flawed to say the least. I'm a bit dumbfounded by your analogy.
Well, using your own reasoning, I was a holder in Amarin both on the long and short side in the past. Btw...you can learn from peoples opinions whether they ever held Amarin or not. Closed minds costs people money.
Is that the best you got? SMSI is ONLY one stock I tossed out there and you have been fixated with it. I was able to retire at 39 and it wasn't due to being a poor stock picker or business man. I'm much more often correct than wrong. Besides, while SMSI may in the toilet, the story is still playing out. This makes YOU a loser, not me :). I think I'll hang out on this board much more often like the old days. The other posters can thank you for inviting me :) Do you EVER offer any substance or do you just come out from under your rock to attack people?
Do you really believe this Dog & Pony show buyback is going to help the stock much? You do realize that just because they announced a share buyback, it doesn't mean they are obligated to buy any shares. Too many shares outstanding for their buyback to amount to much.
Typical message board mentality, get rid of any and all naysayers. This is a wealth hazard. Just create an enclave of people who all have the same views creates the situation that you're in.
You are following in biobillionaire's footsteps with all your rah rah posts about this company when it's headed to the abyss. Sure hope you can afford to lose your entire investment.
Oh wow! I feel for his family and friends. He was probably the biggest UBER BULL I have ever ran across. He would never listen to what the opposing side would have to say about his long positions and unfortunately it led him to financial ruin and mental health issues. NEVER put more than 10% of your assets into any one stock and stay away from these storied biotech stocks!
Hope is not an investment strategy. What's their plan to get profitable? Seems to me they don't have a clear plan. Has any other company even knocked on their door seeking an acquisition...at any price?
Band-Aid solution.
It doesn't matter who is running this company. When the US Judge dealt Amarin an Ace of Spades, that was the nail in their coffin. There was no recovering from that hand. It's just been a slow death ever since. Is the company in hospice? No, not yet but that's going to be coming down the road imo.
He's full of it. Based on the numbers he posted, he would have broken the 5% threshold and would have had to file with the SEC. Where's the filing?
It's funny and sad that you think you had any control over a stock with over 400 mil shares outstanding. Can you share any other delusions of yours? It makes for great entertainment!
Yeah, you must be smarter than these Big Pharma executives.
That likely wasn't a block sale. Almost 4 mil shares and the price did not move at all. What that was, was a consolidated late posted print from the regular session. Ask your broker, he will likely tell you the same thing.
This investment by this buyer is nothing dollar wise. Look what Denner spent on his shares and look at the value of those shares now. Smart money isn't always smart. Your views always have plenty of confirmation bias built in. I've seen huge blocks get bought with countless co's all the down to bankruptcy.
My comment makes a lot more sense than others who make confirmation bias comments like maybe the BRAVE study leaked. As far as you selling, you should have sold years ago. If I was in a huge hole like many here, I would just hold onto my shares and hope for a miracle.
It's called a relief bounce. Happens all the time to stocks that gets pummeled into the ground. It should hold today but slowly give back the gains over the next wk or two. Countless stocks that have recently hit 52 wk lows are bouncing hard today.
Wise man!
The majority of their cost cutting is coming from laying off their sales reps. The less sales reps, the less sales. The current sales will continue to erode due to the layoffs and the competition from generics. The eroding top line sales doesn't bode well for a sale of the company.
BP hasn't shown any interest in Amarin in years. Perhaps they will one day buy Amarin but it will be for a lot less than many here believe. $3 tops will be the price imo and that includes current cash on hand.
It strikes me as funny that most wanted JT out. When JT resigned you got Karim Mikhail which the shareholders were giddy about. Then you guys were not happy with Karim and wanted Denner to shake things up and you got even more when the entire BOD resigned and Denner took over the entire company. Now the shareholders are STILL unhappy and disgruntled with current mgt. Many shareholders in this room think they have all the answers and believe they can do a better job of running this company from the outside looking in. I got news for you, it's not as easy as many make it seem when you are on the outside and don't have all the facts. Stop blaming mgt. This is a 1 drug company that received some bad breaks along the way. This co became uninvestible when the generics won. It sure seems pretty easy to be a backseat CEO.
A week in I-Hub jail then you get out on parole lol. This is what happens when you lose control of your mouth.
Yeah, this is a 41 billion dollar company. There is something seriously wrong with your analytical skills not to mention your lack of math skills.
Not as rich as you riding this stock to the basement. Never dollar cost average with a company with terrible fundamentals. Denner buying shares all the way down is not necessarily a positive fundamental.
I still do not own a single share nor do I have any intention of buying any.
[url]Amarin Corporation plc (AMRN) Cantor Fitzgerald Annual Global Healthcare Conference (Transcript)
https://seekingalpha.com/article/4637530-amarin-corporation-plc-amrn-cantor-fitzgerald-annual-global-healthcare-conference-transcript?mailingid=32842648&messageid=2800&serial=32842648.438&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=32842648.438[/url][tag]insert-text-here[/tag]
GIA strategy was never really a viable or smart strategy. JT is to blame here because he was the CEO when the co was in the best position to be sold. Instead he sold millions of shares in the mid 20's and screwed all his shareholders.
You suffer from a bad case of confirmation bias. Good luck! :)
Yeah, like Denner has done so well already. How much is he in the hole with this one? How many times has he bought on the way down? Your thought process is dangerous to your financial well being.
My God do you hear yourself? This is coming from someone who has been negative on Amarin for many years. If mgt held the news then dropped a bombshell in their earnings release, you would then be screaming why mgt didn't warn in advance. Perhaps you should just zip your mouth already. Do you even realize how foolish you sound every time you open it?
Co's do this all the time and it's standard procedure. Do you talk just to hear yourself talk?