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Thank you for the insight.
Why would Sarissa Capital sell 80% (19m shares) after Denner finally took control of Amarin?
IMO - Amarin's "Do-Nothing" BOD could care less about spending $7m of shareholders money trying to keep their jobs. Amazing: spending somebody else's money to defend your incompetence and keep your job and gravy train.
Pathetic. I'm willing to support Sarissa Capital and add BOD shareholder representation and be able to have insiders who work for MY best interests.
VOTED BLUE
VOTE BLUE. We have 1 shot - NOW
Protect your investment. PWO, what an imposter - NO answers. KM, middle-management sales. Neither of the guys can increase shareholder value. Empty suits. HOPE is their strategy.
Let's VOTE for REAL SHAREHOLDER representation. Let's VOTE for the future of our respective investments. VOTE BLUE!
HOPE AND ANOTHER YEAR is not a Strategy.
When so many want you out and rather than listen to the public shareholders and resign with dignity, you fight them. What a desperate azzhole.
Vote PWO (Clown) out now and save 1 year.
And we want THESE people running our company....NO
BOD sounds desperate and pathetic.
RMB. Great research on Glass Lewis.
GL indicates that if 20% of shareholder votes are against management, it's time for change. At the last Amarin Shareholder vote, approx. 50% votes "Abstain" or "Against" management. Using GL's percentage, CHANGE IS NEEDED.
So why are they saying vote with Amarin management??????
Voted "NO CONFIDENCE" in BOD. Gave Amarin the "middle finger " vote. Voted BLUE
What is the EU 2023 Revenue Projection? Did COB & CEO provide this during the lame "vote-for-us" video? NO. Why? They seem to lack a 2023 revenue generation strategic plan beyond paper pushing. How is Amarin going to sell Vazkepa in 2023 in the only price-approved "Big-5" EU country - UK? 2023 Revenue Projection for the UK - What is it Amarin and how? Answer: crickets. Why? No game plan.
Great synopsis, Sarissa Capital. Long Suffering Amarin Fellow Shareholders: We have 1 shot - NOW. VOTE BLUE for optimistic change. This is our only chance to recover lost shareholder equity. As you can see in Amarin's video, their lame attempt to convince shareholders their EU GIA experiment is working, has failed. When a "BOLD" COB and CEO produce NO meaningful EU revenue, NO EU revenue projections, NO accurate milestone dates, only horse race slides that illustrate "paper pushing" through Europe, this is weak leadership, depending on HOPE as their strategy.
COB / CEO are not interested in Shareholders - look at their tone with Amarin's largest and most influential shareholder. Don't let this gift from Sarissa slip by. Stop this Amarin operational madness.
Yes, VOTE BLUE ! We won't be fooled again.
We, as Amarin shareholders, with this NEW BOLD BOD have lamented as they GIA slow walk paper push through Europe. It's not going to work. IMO, it appears to me, they will fail. They will run out of time and our money.
We, as Amarin shareholders, have this ONE and perhaps ONLY opportunity to gain some control over the future of our Amarin investments.
We cannot let this opportunity slip by.
Vote with Sarissa, and let's give ourselves a chance to make money or some of our money back.
Olsen and Mikhail have NO shareholder equity growth plan. It's the same GIA plan tried and failed in the U.S. (due to patents), the same GIA plan tried and failed in Germany. AND this current mis-management team has currently failed to secure pricing in France, Italy, and Spain. SO, they have only secured pricing in 1-5 "BIG EU" countries. FAILURE, considering this is now an EU Centric BOD and leadership team with all this experience. Not doing too well...
Stock price $1 if these clowns are retained. Amarin out of money in 18 months if these clowns are retained. And remember: As shareholders, they don't give a shit about you... It's all about them...
Sarissa Capital's plan. ITS SIMPLE: SELL THE COMPANY TO BIG PHARMA and maximize shareholder value. DONE. Give Sarissa a shot: Shareholders have nothing to lose at this point. TIME TO TAKE OUR INVESTMENT BACK
Just listened to that crock of shit video. What a bunch of crap. They're only concerned now about shareholders because they are afraid of losing their company. TOO LITTLE TOO LATE. VOTE BLUE. Vote these idiots OUT
Very well written and documented evidence the leadership team and BOD (old and new) needs to be removed in order to position Amarin to be marketed before its destroyed by their current business model, which clearly is not working.
Haven't posted over a year, but I'm in favor of new leadership, new BOD, and different direction to maximize shareholder value.
Considerations for Amarin's June Shareholders Meeting My Opinion
In My Opinion
1. Amarin's legacy, incompetent, "DO NOTHING" BOD needs to be replaced.
Last ditch effort to quell shareholder tension by finally introducing 2 new candidates.
NO; we need Denner's representation to ensure true shareholder's interest are being served.
2. Incapable U.S. Management Team - Diminishing U.S. Revenue
Last ditch effort to quell shareholder tension by cutting 2/3rds of U.S. field force. (Trying to shrink to profitability?) FAILED U.S. GIA STRATEGY
3. EXCESSIVE CASH BURN
4. HUGH MONETARY LOSSES - Q1 22 (and most likely) Q2 22
5. GROWING INVENTORY
6. EU GIA STRATEGY TIMELINE - Too Long, Too Much Uncertainty
7. NO 2022 EU REVENUE
8. HUGE MANAGMENT BONUSES
Can't believe Amarin issued a Form 10k a day before they came clean with the Q1 failure. It takes balls to provide shareholders with everyone's bonuses the day before you drop that shit.
RESULT: STOCK PRICE $1
SUPPORT DENNER - BOD NEEDS TO BE REPLACED. NEW OPERATING STRATEGY IS NEEDED TO INCLUDE BIG PHARMA INVOLVEMENT: PARTNERSHIP AND/OR M&A"
9. DISGUSTING PERFORMANCE BY AMARIN BOD.
LARS EKMAN - BOD COB SELLS ALL OF HIS STOCK IN THE $3s (1,070,000 SHARES) BEFORE Q1 22 EARNINGS ARE ANNOUNCED... Wonder if the SEC is investigating if insider trading laws have been violated. Did Ekman see the writing on the wall and bail?
My fellow retail and institutional Amarin shareholders. This is what were up against. [/b]
A BOD and Leadership team that is in disarray, desperately trying to quell shareholder tension with the introduction of new, obedient, BOD candidates, and BOD COB switch from Ekman to Olsen.
Not going to work.....SUPPORT DENNER.
The Shareholders of this company demand ROI now - not re-arranging the deck chairs on the Titanic.
CaptBeer, yes, I remember.
I just hope they entertain our questions as I'm trying to emphasize a sense of urgency to make something happen and they should embrace their shareholders intelligence and use it to their advantage.
I have encouraged them to review the iHub message board as many of the posters on this board (much smarter than I) can provide Amarin with research and insight.
Thank you all for your questions. I have been able to craft and submit 4 questions to Lisa and KM for their consideration. (Could have presented many more). I focused on Shareholder Equity Growth, EU/UK profitability, New Product Development, and U.S. Strategic Plan - generics and geographic expansion via partnership.
I'll post the questions once I receive feedback from Amarin.
Regards,
Rick
Pharmacydude, thank you.
Thanks.
Yikes! Thanks, I think.
NS, thanks for your questions.
Birdbrain Ideas, thanks for the questions.
jasbg, thank you for your questions.
I plan to weave a question around M&A activity, which could maybe provide insight regarding your #1.
I'm really uncomfortable referencing Dr. Denner in any of these questions.
DTG - thank you for these suggestions.
If folks would like to post questions, I'll coordinate.
iHub Retail Investor Questions for Q1 CC
As you know, I've been trying to converse with Amarin on several subjects. I just heard from Amarin on one of my concerns, no retail representation.
Remember when Thero allowed us to submit questions for one of the conference calls. I've shared this with Lisa to ask KM if he would entertain this consideration.
She responded yes to the following scenario:
We (iHub) provide 3-5 questions, I'll format and send to Lisa, they'll pick 1 and respond, hopefully with substance and insight during the Q&A.
I have to provide the 5 questions by tomorrow, COB. We don't have enough time for a survey, I'm not sure of the best approach to question selection. I guess post your questions, and I'll try to select a good representation from different subjects.
Best I can do with short notice.
dukesking - thanks.
Amarin's BOD and Management Team - INEPT
For the past 2 weeks, I've been trying to gain some insight from Amarin's leadership team regarding today's strategic plan for U.S. market.
Exerps from email exchanges beginning with most recent:
Amarin:
Our management team continues to evaluate all options and opportunities to expand the reach of VASCEPA/VAZKEPA across the globe. Regarding the US market, we are focusing heavily on contribution margin/profitability in order to support the growth in other markets globally.
Me:
I was hoping for a bit more insight and substance. It sounds like Amarin is using the current U.S. revenue level to support EU expansion.
1. Does Amarin have current options on the table to expand the reach of Vascepa/Vazkepa for the U.S. market?
Amarin:
Being just two weeks before we report a new quarter and in a quiet period, it’s difficult to respond to your questions. I expect that we will have an update on these items in a couple of weeks when we report.
Me:
Although you are not able to answer my questions at this time due to the "quiet period", I would like answers after earnings call. I don't expect anything to be conveyed during the call other than paper pushing updates - status quo sugar-coating.
The Shareholders of this company are sick of hearing about Covid and Generics as a crutch to justify poor performance and no deals to expand geographic reach in the U.S. or E.U.
Until or unless the current GIA status quo changes, shareholder equity stock price isn't going anywhere.
It's May, time to announce something.....material.
Stock price in the $2-3s. Really??? The company BOD and leadership is failing - time for changes!
I plan to continue my quest to advocate an M&A strategy to grow shareholder equity quickly rather than GIA and Hope.
Thanks Lizzy
Anyone know how to contact Alex Denner? (email)
Who is responsible for Shareholder Equity Growth?
Resent to Amarin IR (Lisa) and KM.
One of the most concerning observations over the past 2 years, post-patent loss, has been the silence from the current BOD (Mikhail excluded). Nobody really knows what these folks are doing to contribute to shareholder equity growth. As a retail shareholder of Amarin, I cannot think of anything more important than shareholder ROI right now. The BOD appears complacent, not active in any activity with the goal of shareholder equity growth.
One example is Lars Ekman - Chairman of the Board.
Sofinnova Ventures sold their entire position in Amarin; Approx. 1,070,000 shares. As I'm sure you know, Ekman is managing partner at Sofinnova. Why would the top guy, Amarin's Chairman of the Board, completely sell out his position in the company. This doesn't give anyone confidence in the BOD team...again. Why sell now in the $3s if you think the company is heading in the right direction?
What about the other BODs? Are they contributing or are they a "rubber stamp"? Most of these folks are legacy members. We need action by the BOD immediately to present all ideas to grow shareholders equity.
I am requesting the immediate removal of Lars Ekman from Amarin's BOD. We don't need him on our BOD. Selling all his Amarin shares with the price at $3- disgusting.
Email sent to Amarin IR (Lisa) this morning:
When you have time, could you provide commentary regarding options and timeframes to grow the U.S. market vs. Amarin losing 30% of the U.S. market over the last 18 months?
Amarin's share price is grossly undervalued and has been for the past 1-2 years. Amarin Leadership and the BOD have been unable to gain traction in the U.S. and EU. Losing market share to generics in the U.S. and GIA slow walk, paper pushing strategy in the EU is resulting in the share price being range bound between $3 - $3.50. You're running out of time.
This is unacceptable to shareholders.
I am requesting Amarin authorize a review of strategic alternatives to maximize shareholder value. As part of this process, evaluate partnerships in the U.S. and EU geos, a sale of the company, as well as a range of alternatives, including separate sales of business units; U.S, EU, ROW. I would like to see Alex Denner included in this process.
Please let me know leadership's comments regarding my request to maximize shareholder value.
Bidmark,
Hello. I have no knowledge of that.
BOD - No Time to Waste
If Amarin's board is not actively contributing to immediate shareholder equity growth, they should be immediately removed.
We (Amarin shareholders) have been too accepting of this invisible BOD for the past 2 years. iHub and Yahoo message board Amarin shareholders, time to wake up. Join me and email Amarin demanding BOD changes.
The BOD should be operating in emergency mode now before the $500m cash cushion diminishes due to generic revenue erosion and EU start-up costs.
This is the time to revamp the BOD with folks who operate with an immediate sense of urgency to promote shareholder equity growth by including the evaluation of M&A options for a global partnership or merger with big pharma.
BOD Accountability
I can't think of a more important time than now for every BOD member to be held accountable by Amarin shareholders. If they're not contributing to shareholder equity growth, if they are not presenting (or not capable of articulating) ideas for immediate growth, they need to be voted out or pressured to resign.
This BOD works for us, the shareholders (owners) of Amarin.
They're too complacent, that's the way I feel about it.
Where is the creative thinking?
Where is the immediate sense of urgency?
For the past 2 years, too many board members appear silent, and this is not the time to be silent. Speak up. MAKE SOMETHING HAPPEN....
I'm calling on iHub and Yahoo message boards to join me and blitz Amarin IR and KM demanding BOD accountability and replace any complacent, do-nothing BOD members immediately.
Good morning, everyone.
As I mentioned Friday, shareholders really have no idea what this BOD group is doing to promote shareholder equity growth. As a retail shareholder of Amarin, I cannot think of anything more important than shareholder ROI right now. The BOD appears complacent, with no desire to promote ideas other than enjoy the $500m cash cushion while they slow walk and paper push their way around Europe. This "rubber stamp" BOD has to go now.
I have emailed both Lisa D. KM, and Sofinnova requesting the immediate removal of LARS EKMAN as Amarin's COB.
Sofinnova Ventures, led by Ekman has sold their entire position in Amarin; approx. 1,070,000 shares. Why would the top guy, Amarin's Chairman of the Board, completely sell out his position in the company? This doesn't give anyone confidence in the BOD. Why sell now in the $3s if you think the company is heading in the right direction?
These optics are horrendous.
Every Amarin shareholder might want to email Amarin demanding Ekman's immediate removal. We need to look at all legacy BOD members to understand what, (if anything) they are contributing to promote Amarin shareholder growth. Address this like a performance evaluation. Do nothing; you're going to be identified publicly as someone to be removed from the BOD. NO MORE FREE LUNCHES for this clown car.
DAR53, Thank you. I'd like to see other members of this board email Lisa D, KM, and Lars Ekman (IR@sofinnova.com) and share our disgust with what appears to be a "do nothing" BOD.
I cannot fathom how Amarin's COB can sell out of his (Sofinnova's) Amarin position with the stock at $3.
We (shareholders) have been too accepting of this lame BOD for the past 2 years. Now is the time we rally and speak up for change - let them hear us!!!
Regards.
CBB, I agree with you. I suggest every shareholder on this board send an email to Amarin IR requesting the immediate removal of Lars Ekman, Chairman of the Board. The more shareholders denounce this BOD, the better... We collectively need to start voicing our displeasure with board members publicly.
One of the most concerning observations over the past 2 years, post-patent loss, has been the silence from the current BOD (KM excluded). Nobody really knows what these folks are doing to contribute to shareholder equity growth. As a shareholder of Amarin, I cannot think of anything more important than shareholder ROI right now. The BOD appears complacent, not active in any activity with the goal of shareholder equity growth.
One example is Lars Ekman - Chairman of the Board.
It has recently been brought to my attention that Sofinnova Ventures has now sold their entire position in Amarin; Approx. 1,070,000 shares. (Please, correct me if I'm wrong). Ekman is managing partner at Sofinnova. Why would the top guy, Amarin's Chairman of the Board, completely sell out his position in the company? This doesn't give anyone confidence in the BOD team...again. Why sell now in the $3s if you think the company is heading in the right direction?
What about the other BODs? Are they contributing or are they a "rubber stamp"? Most of these folks are legacy members. We need action by the BOD immediately to present all ideas to grow shareholders equity.
I requested the immediate removal of Lars Ekman from Amarin's BOD. We don't need him on our BOD. Selling all his Amarin shares with the price at $3s - disgusting.