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Stopped prescribing because I refuse to do AMRN's work. Thero and crew took home millions and they want me to do their work for free . NO thanks . I tell you what since you think you have the right to tell others when they should volunteer their time how about this you do all of our prior auths for us and I will start prescribing - does that work for you ? No I didn't think so - its amazing how everyone wants to volunteer other peoples time for free yet they never volunteer theirs
Iwanderer - I stopped shorting - I can see it bouncing up and down a bit but am hesitant to bet it will go under $1 or bankrupt. There is intrinsic value in the markets where they currently have been approved and these should only expand. Of course there is always the possibility that Nissen will take them down like the sheep they are without a fight.
Ziploc ... seriously - you are talking about AMRN - the Jester of Pharmaceuticals - their purpose is to provide comedic entertainment ...
Maybe they can sell it to the generic companies ....lol
Agree RMB. Free advertising would be an article to all Family Docs in AFP journal which I offered to write and they didn't even respond. If they had an iota of insight or capability they would get an article in there and in many other throw away journals giving them free advertising to the largest prescribers of meds. AMRN's management (like many on this board) live in a vacuum, thinking the whole world is acutely aware of them and their product when in reality the world is clueless or even negative to their existence.
DOn't feel bad Noelan the rest of the nation doesn't know it either .. remember its AMRN
Of course at one time he said he was leaving never to come back and yet now he is back - sort of like his predictions ....
Exactly he is great though at predicting the past he just told Lizzy on August 1st that there wa NO REASON for AMRN price share to increase now he says he predicted the increase ... I think he was in politics at one time
Ah yes predicting the past - FFS makes it look so easy
Posted 15 days ago
You have to remember Capt Beer AMRN execs believe in their minds that they are absolute experts in the pharmaceutical industry - what they don't realize is the rest of the industry believe they are cretins ( and that's being kind). I have now had reps from two different companies tell me that AMRN is being used as an example of how not to run a pharmaceutical business. WHEn I told them my definition for " I pulled a Thero" they had a good chuckle. AMRN will be taught to future generations of business majors as to how incompetent management can destroy a great product.
SO of course why would they want someone as competent as you to help them - they have been very successful in destroying Vascepa. WHen I offered to write an article for AFP ( AMerican Family Physician) clarifying OMega 3's explaining why pure EPA is so very different - they didn't even respond - this would have been free advertising to the largest group of MD's in the country !! AS we can see from the RX numbers Docs continue to write for Lovaza remaining clueless as to the differences - yet AMRN cant even respond to an offer - nor even get an article published.
Their understanding of doctors mindsets in hilarious - letting it be called fish oil a true tragedy - the incompetent roll out with insurance companies a true tragedy their incompetent advertising a true tragedy, their incompetent defense of their product a true tragedy - AMRN a modern day tragedy written by BUffoons
Yes it is at times somewhat schizoid here. I define this site as for investing . INvesting is to make money. If I make money on the stock be it by purchasing shares or shorting it - I make money. Yet many defend the stock as if it were their personal honor. AS bidmark said "who cares" - as long as I am making money
Ahh such business expertise - now there's an idea - cut back on reps who are helping to sell the generic product - GENIUS !!!
Perhaps not but you miss the point the point is a group if investors that have nothing but hope and they keep creating more hopes. I'm not saying that this product does not have value - it does and it had great science but the business structure has destroyed it - there's nothing here to invest in at this time except hope - I will reconsider as we approach Oct 2023 unless the court date moves or health net settles etc
Yes Shadowlane many years ago I called this group the church of AMRN - they will not accept any bad news and they keep placing hope in a savior - be that legal ie Marjac or Rogue investor like Denner or a new indication, it will cure cancer it will cure alzheimer's ( such broad hopes for utilization in multiple disease areas is in many cases not logical as disease are multifactorial and a broad indication would have to have diseases united under the same mechanism - ie autoimmune etc) and then the echochamber magnifies it etc etc. Shorting AMRN has made me some money but right now I'm not so certain it can go much lower as they do have revenues and value based on that income. However, Its not a place where I would park any money at this time. I will think about reinvesting as the court date for Health Net approaches - losing that case will mean little to stock price as the US market has already been written off, winning it however, could see a large boost in SP, that play may be worthwhile.
Only when AMRN starts paying me for my time
Yes written for REDUCE IT indications - such things matter not because AMRN is the playground punching bag that's why they need a SHEROE ! LOL
Patient had been on vascepa for many years written as DAW . Today I receive a note from insurance company indicating that I MUST RX for a generic . Hilarious! AMRN needs a sheroe. This company is too funny, pulling Thero's left and right. Great comedic relief !
Capt Beer I am so very sorry to hear of your loss. At times like these words are just emptiness yet it is all we have. May God's arm's embrace and hold you and yours through this most difficult time.
A competent proactive company would have handled Nissen long long ago - instead we had people tweeting about sheroes - These comedy tickets are a bit expensive but you can always count on the laughs ....
Yes, it really is quit a magical compound. It prevents heart disease and strokes, slows Alzheimer's and cures cancer ! Yet they cant sell it. Indeed, what a shame .
I would say that there is another consistency - management buffoonery - 100% pure unadulterated buffoonery , too bad it cant be encapsulated and sold.
GIrl Scout EPA cookies !!
Is AMRN bankrupt yet ? Never underestimate the buffoonery of AMRN management.
Ahh yes the Good ole Titanium Dioxide issue - we've got em now !!
I can only speak from my actual experience - 6 local cardiologists none of them use EPA. In the past I sent them all copies of REDUCE IT. I remember advising a patient they should be on Vascepa he called back and said he spoke to his cardiologist and they told him to take OTC fish oil -
This is a marketing education management issue - it should have never been labelled fish oil the lesson was their with Lovaza - AMRN missed it INsurance prep was horrible the list goes on and on - you had an inexperienced captain and crew sailing some rough waters and they made mistake after mistake - AMRN pulled a Thero I guess you could say
Agree Capt ... although they couldn't have predicted the "Du daster" they should have chosen a better venue.
Mr. Pussy is mad ... lol
NO need since I dont Rx the med ...
Maybe double the dose ?
Mr. Pussy didn't take his meds today ... and I am not talking Vascepa
Actually as we step back and think about it we are blaming the insurance company when its AMRN that shot themselves in the foot - if they had any idea that the major role of EPA was for reduction of CAD risk they should have NEVER initially pursued a patent for reduction of trigs as Lovaza was and is a better trig reducer. They should have focused solely on the CAD market .... Ahhh AMRN pulled another Thero
YOu rebrand as a combo called VAstor - which is a statin and a Vascepa this can only be written for REDUCE IT indications . If someone substitutes GV with a statin it is direct evidence of infringement since Vastor can only be written for CAD indication
Great graphics but the problem is NOT the science the problem is the Business Acumen of AMRN - it truly is dismal - stepping back and looking at your graphic one sees a blockbuster.
If anyone would have handed me this information prior to knowing what Vascepa was my response would have been, "YOu have a true blockbuster on your hands - you are addressing the #1 killer and you have substantial reductions. THis is going to be huge !"
And now look at the reality.
THis is an unbelievable failure of business management and should be taught in every business school as how management can destroy the perfect product. THero and crew should go down in business education as the titanic of business acumen. AS a matter of fact I am coining the term I just did a "Thero" - meaning you completely screwed up something that should have been a no brainer
NOt familiar with this COUldbebetter - but if the biotech is accused of committing fraud can this someway be aligned with HIKMA perpetrating fraud and getting away with it. Once again a proactive company would use this to say - how is it that some fraud is allowed but not all ?
NO longer shorting Mr Pussy like I said I am on the sidelines
I am but a humble rural FP these complexities lie far beyond my cognitive capabilities ... :))
That is great but think about it ---why do shareholders have to do this ? Its the same as when I would fight with insurance companies
Why? Because you have a bunch of nincompoops running the show. A well managed knowledgeable company would be right on this - not clueless like AMRN
We cant have insight into operations behind the scenes so its often like performing an interview for an employee, you are seeking tell tale signs about organization knowledge etc . AMRN's absolute lack of understanding of insurance issues, patents, marketing and the courts were all telltale sign of blundering inexperienced dolts trying to play a game they were never trained in - the telltale signs of incompetence are written all over AMRN
Its like you are doing an interview with a person that missed three times, shows up late, doesn't have a resume, is covered with piercings, can't do 8th grade math and english and their first question is what is the pay and when do I get a bonus ... lol
Gonna be hard to invest in AMRN again ... but I am watching
That would require competent Proactive management - remember you are talking about AMRN the best example of taking a product with strong science and destroying its blockbuster potential by incompetence
If you will note I went silent for a long time while I shorted. I came to the conclusion that for whatever reason - Big Pharma / Incompetent management / Steve NIssen / Insurance Company Resistance / Generics etc etc that this dog simply could not run.
Of course there are two ways to make money off a stock - when I put all that together I realized I was bindly relying on science to sell the stock ignoring the reality of the above, at that point I switched gears.
I'm done shorting as I dont think it can go much lower even with the buffoons at the steering wheel. I may hop back in but right now I think there are better investment opportunities than AMRN.
Don't get me wrong - I really appreciate the buffoons managing this company without them I wouldn't have made back what I lost buying in at $4.25 .
And is that stock compensation plan based on share price performance or just because they are present at board meetings ?