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Yep, you're definitely a teenager alright.
You betcha Red Rider, the sooner the better. Unless you’re a masochist?
Seriously folks;
All the hubbub about past management and or current management and what a swell job they've done or didn't do is meaningless.
Yeah okay, mistakes were made, arm chairing it doesn't help much.
Let's face facts, Amarin is on the ropes, both financially and fiscally.
Either your with Denner all the way or your not?
There isn't enough time and money for middle ground here.
You either want to see change or not? With 2-3 board members we're not going to see the necessary changes happen quickly enough IMHO.
We want to see Denners Plan, really? Unless you've been living under a rock, you should know what the plan is. Better communicator, really? That's the plan....Wow!
Ramfan; Quite the games yesterday. Jalen Hurst rocked. Unfortunately the Bengals lost, terrible play to end the game. Late hit out of bounds on Mahomes brought the ball 15 yards closer for the field goal. Kicker would have made it anyway.
Kansas City Chiefs deserve the win. Mahomes was beat up but still won the game. Pretty gutsy on his part.
The Eagles look too good, Kansas City needs a miracle. Of course that's how people felt about the Vikings (Purple Gang) and the Chiefs back in the day.
Captain: Agreed, Ms Sullivan would be my top choice for the Board. Nothing more formidable than a pissed off Female with an agenda. No offense Lizzy..... :D)
North; I'm not a lawyer, but the wording for Proposal #1 is removing Per Wold Olsen immediately.
My reason for my post was meant for future Board Agenda items. I'm not saying who would be assigned the Tie Breaker vote or the Chairman's vote. You're right this is unclear. It needs to be resolved or wording added to the Proxy vote. I don't know Board of Directors protocols. I did find this SEC.gov excerpt; In case the Chairman of the Board of Directors is on leave or unable to exercise his powers for any cause, the Vice Chairman of the Board of Directors shall act on his behalf. If the Vice Chairman is also on leave or unable to exercise his powers for any cause, the Chairman shall appoint a Director to act on his behalf. In the absence of such an appointee, the Directors shall elect from amongst themselves one person to act on the behalf of the Chairman.
https://www.sec.gov/Archives/edgar/data/1046179/000119312513137651/d505546dex32.htm
So, is there a Vice Chairman on Amarin's Board? If there is then there's still no tie breaking vote.
At the Proxy vote in Ireland they don't appear to be discussing or voting on anything but the three (3) Proposals.
Oops, sorry, I didn't ready STS post. Forget everything I said :D)
Really Amarin? You mean to say that you couldn't even have a patient testimonial page on your website? Where's the Real World Experiences? Have a Reviews headcount, How many stars, What's the rating? Would it be 5.0 stars?
I know, it would overwhelm your Investor Relations Department to no end to have such a thing to keep track of.
Real companies do this type of advertising all the time. It sells their products, it's good for business. You could weed out the negative posters like Nissen, Herper, Fartstain etc.
Oh oh, the 49ers tied the game 7-7.
Makes you wonder if Amarin monitors chatrooms like this?
Running; good to hear.
Send this to Alex Denner @ Sarissa Capital Management.
info@sarissacap.com
I wouldn't send it to Amarin because they won't do anything with it. They're way too busy counting their shares and bonus money.
GJK; Great post and story. So, with the 2nd stress test, this can only mean your grafted arteries are now free flowing? Does your PCP think it's from Vascepa or is it a lifestyle change?
Invest; I should have read your post first before posting mine.....agreed. It's all 7 or nothing gets done in a timely fashion. I'm putting myself in Denner's position and why he chose 7 board members? What do I need to do to make things happen here?
One; having an even number of Board members is a smart move on Denners part. If decisions going forward are based upon a quorum. then a tie breaking vote would come from where? The CEO? If the CEO is a Board member (Karim) then who casts the deciding vote?
Denner wants seven 7 board members of his choosing who supports his agenda. This negates the seven 7 existing board members. With Per Wold Olsen gone, this is fourteen (14) Board members. Who assumes the position of Chairman? Anybody? Class?
With only 2 - 3 board members Denner can't get anything done. So, it's all or none.
I choose the Blue Proxy card all the way. I want Denner to have as much flexibility as possible to get Vascepa to market.
As for the excess inventory, I know what I would do with it pronto. It has to go. Give it away as free samples to Doctors if need be. Consider it part of the advertising budget. The company can still write it off.
Pharmacy; let me first apologize to you. I know you're insights are welcome here. It was a heat of the moment thing.
The writing is on the wall, Vascepa has to become Over the Counter and fast. Exclusivity & Patents means nothing anymore apparently. The cats out of the bag.
Circumvent the Insurance Companies by competing directly with the consumer. a Win-Win.
There's risks with every drug. Tylenol rumors (causes bleeding) don't know if they're true or not? Vascepa may cause A-Fib in some patients. So, because Vascepa is so safe why not just mass market it?
What's it going to cost? Product margin cost? FDA approval for Vascepa to move from Prescription drug to OTC drug? Yeah, it's going to hurt. Drug companies love that Exclusivity when it works for them and their legal team didn't lose their court battles. For us the rest is history. We've exhausted our Appeals.
Sometimes the hard decisions have to be made. Our court system trumped our (Vascepa) US Patent Office and nobody's doing anything about it. Time to make the doughnuts.
Johnson & Johnson bought the Tylenol rights a year later Tylenol went off patent. So, what did J&J do? They forged ahead and put on a show for BRAND awareness.
You insight as a Pharmacist in invaluable.
rose; IMHO, Amarin can't be sold quickly enough. Taking Insurance Companies to court is not in the playbook for the current Amarin Management Team. These shysters (insurance Companies) will tie this "infringement" case up in court for years.
With only a few more years of Patent Protection, New Drug Exclusivity (NDE) "tongue in cheek". Patents? "We don't need no stinking Patents" (Blazing Saddles). A Pharmaceutical company with more time and money needs to step in and do it, only if they choose to. Tying things up in court while trying to advertise your product requires deeper pockets than what Amarin has currently.
There is value still in Vascepa. Those of us who are taking it, are a witness to it's effects. Subtle perhaps, but still effective in lowering our risk of a CVD event. Of course I'm preaching to the choir. The word needs to get out on the street. Amarin management has not been effective in doing this.
Bravo jasbg;
I found this interesting, the History of Tylenol from an idea of two brothers to the World's largest selling Health Product.
https://en.wikipedia.org/wiki/Tylenol_(brand)
So, riddle me this batman.... what do you think Denner's first order of business will be? Of course he has to get elected first, albeit even through Amarin's General Meeting shenanigans.
Amarin needs to develop it's BRAND, emblazen it on the foreheads of the consumer. Advertise the positives, compare Brand V to Generics. Tell the public what it is and what it can do for you. There is a large % of the population that don't trust Generics, build upon that. Currently Amarin management isn't doing anything. Except fighting the inevitable and paying themselves handsomely for it.
I shouldn't have said present Amarin management could take Vascepa to new Heights, me bad.
zip; I disagree, I think Amarin needs to join the fight rather fight the Generics. Amarin absolutely needs to get its Brand recognition going and do it fast. How is it going to do that? By increasing it's advertising budget "big time." How's that going to happen when Amarin doesn't have the money for advertising? They only have the money for paying management large sums of money.
Finally someone took the time to post the meaning of the acronym "AG." Really folks when you use acronyms please define the term. For those of us who don't quite get the Pharmaceutical "lingo", thank you.
Now, take the case of Brand name Tylenol made by McNeil Consumer who invented it. Acetaminophen became the Generic name for Tylenol. Does that stop Tylenol from selling their drug? How about Advil same product different name? The list of Companies with Brand names is below. Generics as a whole sold 1,177.4 (in $millions). Brand names as a whole sold 1,739.5 (in $millions).
How big is the market for Tylenol (Acetaminophen?)
https://www.statista.com/statistics/194510/leading-us-analgesic-tablet-brands-in-2013-based-on-sales/
https://www.washingtonpost.com/archive/politics/1982/10/02/how-tylenol-grew-from-a-little-known-drug-to-the-worlds-largest-selling-health-product/5fdfa0f5-445a-4243-91a7-39aa014658c6/
Who's to say Amarin or a Big Pharma couldn't take the Brand Vascepa to new heights? Anybody? Class? "Perception is reality." Vascepa is the Gold standard. "Build it Ray Kinsella, People will come." Where did all these ballplayers come from? Don't sell the Farm Ray.
Don't you think the market for EPA is going to be huge? For a capsule vs an injection? Denner knows what he is doing. He can see the value in Vascepa. It just has to get into the right hands. rather than the handouts being given......
North: Lucid Group (LCID) up 43% today. https://www.lucidmotors.com/
Pricey EV $138,000, 1050 hp, 516 mile range.
Cars are built in Casa Grande, AZ. HQ is in the Bay Area Newark, CA
Great call Michael, todays trading volume 13,224,275 to Wednesdays volume of 12,055,500 shares traded.
The weekly total: 48,492,275, avg; daily 9,698,455
ram; Mastachusetts? Really? I thought you were a LA Rams fan? Those Boston crybaby's, if they're not winning a World Championship in something every year they get upset.
Just let the Cards win one Superbowl please? The 2001 AZ Diamondbacks (World Series) is way too long without a championship. Of course I don't live in Buffalo, NY either so my heart goes out to those fans.
hank; just look at the stock chart. You'll notice the price rises in the AM (buyers), then sellers come in to take profits, then buyers come back in to scoop up shares. The stock price continues to rise throughout the day. Almost 6.5 million shares traded and it's lunchtime in NYC. Afternoon trading on a Friday should be interesting. This is Institutions buying not retail.
Don't shoot me, this is just my two cents. I'm not claiming to be a chart guy. Now where did I put my baloney sammich?
Wow, that was quick, someone responded right away, either they canceled their post or the Thought Police pulled the post..... he he
Capt; agree, this high volume can only be Institutional Investors taking a position.
Had to laugh at Tats comments. Amarin hired 75 employees to garner the 25 scripts in NZ. Plus management is probably going to reward themselves a hefty bonus.
Way to go “Team Amarin”
Oops sorry Mr hayward, I thought I was writing to CaptBeer
hank; my guess is, institutional investors are selling to other institutional investors.
“You scratch my back, I’ll scratch yours”
I scratch my wife’s back all the time and I surely do get compensation…. :D)
Hold unto your shares, this gonna get exciting.
Nuke the Spook
Exactly oneragman; get rid of the excess inventory before it becomes a right off.
We investors don’t need any more right offs. What do merchants do with excess inventory? Have sales events.
This combo pill is a long way from being marketable.
Lizzy; another fun movie to watch is "Don't Mess With the Zohan." An Adam Sandler movie.
Karim, reminds me of the Terrorist (John Tuttoro), who opens up the Muchen-Tuchen shops.
If you haven't seen it, it's a funny one to watch. Would be a welcome respite vs watching the paint dry. There's a lot of similarities between Amarin Management and the story line. The "Going Out Of Business" Electronics store is a classic parody.
Thanks CaptBeer
Forgot #6; How many times a day will the patient need to take this capsule? One dosage, two dosages, three dosages, four?
I'm still voting for Denner either way. So, let's show Karim and PWO the door....
Direct communication with Lisa from IR doesn't mean anything. All she's providing is what the company told her to say. She's not an Officer of the company- Even if the words came directly from Karim, it wouldn't mean anything.
This patent if upheld will be a valuable bargaining chip when Denner finds a buyer. There will be more buyers than employees....wink, wink... :D)
We might even be in a bidding war, spectacular, extravaganza, supercalifragilisticexpialidocious.....
You mean; we'll accept slow dimes over fast nickels any day syndrome? Or is it slower quarters over fast nickels? I'm confused....
oneragman; been thinking about what you said. Good advice, open the hood, kick the tires? I think Denners already done that, that’s why he’s adamant this time.
So, riddle me this “Batman.”
What happened to companies like Sears, Blockbuster, Kmart, Montgomery Wards, JC Penny’s…..on and on?
They failed to change their business model and kept doing what they always did. Well, they’re history now.
What does Amarin need to do to be successful? It’s not rocket science. Answers anyone….? Class? Even a podunk like me can figure it out??? :D)
Quit crying over spilled milk. Yeah Du really set Amarin back in the USA, the most lucrative pharmaceutical industry on the planet. So what does Amarin do to counteract this? Class???
Nothing so far… but wait here comes Alex Denner. What do you think Mr Denner will do? Maybe not his first 100 days in office, but going forward perhaps? I’ve said this before, Vascepa has to compete with the Generics. In order for that to happen, Amarin has to offer the market a competitively priced alternative to GV. They also need to advertise more seriously. We all knew the “Vintage Rock Band” approach was insane from the get go. Amusing perhaps but very poor use of funds.
As for streamlining Amarin and getting it ready “For Sale”, what else would Denner need to do? Keep the price of your product at a reasonable price. Basically, the cats out of the bag. Amarin needs to recover. Do you really think the EU market is any different from the US market? Even with Generics being so prevalent in the USA?
So, let’s quit crying about Du, the Court of Appeals, the Supreme Court etc. and get this show on the road.
Current management hasn't shown me squat, they have no plan. Put yourself in Denner's shoes, what would you do to "right the Amarin ship?" Who has the most experience at doing turnarounds? Karim and PWO or Alex Denner? Who has bigger backers (Institutional Investors) Current management of Alex Denner? Who?
Newman; I agree with you, JPM are crooks for sure. My company had them running the employee 401k (retirement plans). They charged really high fees and basically made it difficult for people to trade in and out of the funds that JPM was pushing.
Eventually, my company “sacked” JPM and went with Fidelity. Fidelity is much better, they provided people the ability to self-direct their retirement funds. They also offered many more choices for people to invest their retirement funds into.
I’m sorry I transferred my 401k from Fidelity to Morgan Stanley (E*Trade). It took over a month to transfer my 401k to an IRA Rollover, in the meantime I’d lost big time. I had to essentially sell my investments at Fidelity and wait for the cash settlement. Then the cash could be transferred to Morgan Stanley. Shoulda, woulda, coulda. I should have rolled over with Fidelity. They’re a good company to invest with.
A quorum means then that one vote either way wins the day. Like the Kevin Costner movie “Swing Vote.” https://www.imdb.com/title/tt1027862/
STS; let's leave with this thought in mind. Say you voted in favor of Denner removing PWO as Chairman, who do you think replaces PWO? Karim? Another Board member? Or would you choose Denner (provided those choices were on the Proxy ballot?). Or do you favor keeping PWO? That's the question.
Personally, if Denner's name is on the ballot for Chairman, then I would surely vote for him. Do you agree or not agree? If you don't agree then who would be your choice? Let's pretend that you would vote for Denner for Chairman. And you wouldn't vote for any of the seven (7) choices to the Board. What do you think would happen? IMHO, I think the Board make-up would change anyway, based upon Denner's track history of streamlining.
You say you want to see Denner's plan. I say we've already seen a big part of it or discussed it at some length. What would you do in Denner's place? I know what I would do, but I'd like to hear your version. Heck, we're all investors here and we've brought our investing knowledge. So, let's hear what you would do to fix Amarin. I think most of us want the same thing, to see our investment make money. That's what it's all about right?
No trickery, no ill intent.
rose; there's plenty of money to be made in the market. I've never worked in the Financial arena, but I'll bet you that deals are made all the time. Like when Tutes drop the price (sell) to take out Stop Loss orders, then swoop up shares. Shampoo, rinse, repeat....
I like Capt. analogy, is Denner going to go all-in on a deal he doesn't know he'll win? He's put $100 million on the line. And yes, I do like Denner in charge and making the decisions versus KM, PWO making them. They've proven they can't do either with much success (lead, create value or make deals). Wait....? that's three things.... Multi-tasking?
I'll take a hunch that "Golden Snacks"(Goldman Sachs) is buying shares from another Institutional Investment firm. " You scratch my back, I'll scratch yours.'
unlike your speed of course, which includes childish remarks and retarded gifs.
No butter on the bread.
You must get off on it.
Although me thinks we're dealing with a juvenile poster.
unlike your speed of course, which includes childish remarks and retarded gifs.
No butter on the bread.
I do have one problem with Vascepa over an injection. I find a lot of times I forget to take my morning dose of V. So, not always am I getting the benefit. There in lies the benefit of a 6 month injection.
You schedule it, you go get it and you’re good to go.
I do believe Vascepa will sell, my educated guess is any company in the Cardiovascular space would be able to sell Vascepa and possibly develop new areas where Vascepa would benefit people.
I’m waiting for the Brave study. IMHO I think we have a winner there.
Apologies, I saw your question marks, I just didn’t pay attention to them.
Ditto situ…
So, what is your point? That if the vote goes Denners way, then because it’s non-binding, the vote to remove PWO is not legal? Wow, that’s news to me.
Yeah you’re almost right. COVID scare shut down our country’s economy over what? Masks don’t work, vaccines didn’t work, boosters, really? I caught Covid twice and was vaccinated.
As for the war, most of you know my stance on that. Uncle Joe’s sanctions probably did the most damage. Think about sanctions, when have sanctions ever worked? Cuba, Iran, North Korea, Yugoslavia, now Russia. Seriously folks, when have sanctions really brought an end to anything? These countries flourished when sanctions were imposed.
How about interest rates? Think they have anything to do with crashing the economy?
We’re supposed to be the “Greatest Nation in the history of the world.” We’re supposed to have the greatest minds in Washington DC? WTF happened? You mean we’re destined to go through these economic highs and lows forever? These great minds that are in charge can’t seem to get a grasp on how to think before acting. The educational system in America is really screwed up. The United States is #1 in the world in Liberal Arts Education, we’re #25 in Math and Science. What does that say? We want to forgive all student debt? Really? When I was in school, I paid my way. Now we’re considering giving our youth a “free ride.” Wow!!
There’s only one reason Amarin shares are in where they are, it shouldn’t be a surprise to anyone. Understand Tech stocks in general are in the crapper, but because of poor economic planning everything suffers.