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JonSnow; sounds like a change in venue would do him good. Different environment (desert) where you don't have to shovel snow. Pretty women, lots of fast cars. If you like that kind of thing. Stop doing so many commercials. Money gets in the way of focusing on the game.
Different lifestyle.
rose; Agree with your sentiments. I do think we'll be in for a pleasant surprise in the end....$$$
time to smell the roses.... :D)
Morning Joe, How's things in Colorado Springs? Hope you're doing well. Any good restaurants in the Springs?
GLTY
Nuke
Thanks Preston....err massulo.. great news. My broker is E*Trade as well. I have electronic notification set up and electronic documents too.
GLTY
Nuke
jasbg: try this one.
https://finance.yahoo.com/news/sarissa-capital-urges-amarin-shareholders-210900824.html
sorry jasbg beat you to it....have a great day. next 30 days will be exciting.
Nuke
I had a feeling it would be a good day for Amarin. Denners letter to shareholders after market close was great news.
Ramfan: sorry, these darn smart phones are always misspelling words on me. :D(
Rumor has it that Aaron Rodgers might go Free Agent or get traded. If Michael Bidwill (Cardinals) has any brains, he should throw his hat in the ring.
We AZ had the best franchise years when we got Kurt Warner from the Rams.
Rogers although a veteran player and with the right O line and receivers could go all the way.
Just looked up that Greenbay under Rodgers won the Superbowl in 2011…
DAR; your not being over zealous at all. If BRAVE results come in Significant then $25 is not out of the question.
If anything, it would be a great bargaining chip for Denner to sell to the highest bidder.
I may be getting older and with a family history of Depression and Dementia. My mental faculties are surprisingly strong.
I truly believe that Vascepa has helped me through some difficult times mentally.
Health wise and cardiovascular wise, it’s definitely been a blessing. Mentally it’s a “bonus” to be able to think clearly and still be creative and feel good about myself.
GLTY “VOTE BLUE” all the way…
Nuke
Forgot another biggie, LEQVIO does not have a Generic equivalent, at least I haven't seen one?
mrm; disagree, why?
https://www.thestreet.com/quote/MDCO
Some simple math;
Amarin shares 403.83M (OS) round up to ~ 404M
MEDCO shares round up to ~80M (OS)
404M/80M = 5.05 about 1/5 the shares of Amarin right?
MEDCO sale price per share ~ $85/ 5.05 = $16.83per share.
$16 dollars has already been seen and gossiped about on this board, so it's not out of the question. Especially if there's a bidding war.
Add-ins; Vascepa is a much better (efficacy & Safety wise), cheaper and is not an injection. It can be combined with other drugs. It can be taken with other drugs safely. It is transportable (capsule) vs. scheduling a Doctors appointment (injection 2x annually). Ongoing studies, BRAVE in particular. I feel in my gut that Vascepa has really helped my cognitive health (clinical study of 1). For those who are on Vascepa it works. On and on....
Take aways; We're in a recession, people can't afford Vascepa. It obvious Insurers won't cover the drug. EU reimbursements. All biggies for sure.
Question: Why did Novartis buy MEDCO in the first place? Has Novartis made any profit on LEQVIO? PCSK9 (Inclirsiran)?
Thanks Capt; So it's a process, From yesterdays Post/ interview of Alex Denner and David Faber (CNBC) 2017? AD mentions MEDCO. He also mentioned that MEDCO had several losing drugs that were sold. He said he had to jettison them because they were losing money and it was a drag on the company. He had kept Inclisiran (Leqvio) as it was the only viable drug that had any value. Which we all know Novartis took the bait.
As the case with Amarin, we are relatively simple in comparison. We only have the one viable drug, which in IMHO trumps Inclirsiran. Conversely our timeline will be much shorter than MEDCO's. All in IMHO.
So, using your chart, from March 2018 when Denner gains control of the MEDCO BOD to November 24, 2019, is almost two years. I would guess, we'll see something 6 months to 1 year Max.
Okay dude stop the finger pointing because when you do there's three fingers pointing back at you. You don't like what I said too bad. There's always the ignore button.
622: either way, someone's got to pay the piper. Think about it, Proxy fights are opportunities for Institutional Investors to make a buck or two on the backs of the two parties trying to gain power.
If you think everybody plays above board in these proceedings then IDK what to say? Companies pay for allegiance. Their votes aren't given for nothing. Either it's you scratch my back, I'll pay you later. Or run the risk of losing votes in an important business decision.
Go to Post 400195, ggwpq posted a scenario a couple of days ago. Read the part about the two Institutional firms that switched their votes the last minute. You have to read between the lines to get the drift.
These guys would sell their own mothers if they could make a buck.
Lots of hanky-panky going on with this upcoming vote. Don't forget the lobbyists (reps for tutes) are out there with their sweaty palms looking for handouts. Alex may have to shell out some $$ to swing more votes. Of course Amarin could be doing the same with our money. Don't forget the $300M in cash. What would they call it for Q1 expenses? Corporate Expenses?
Capt: I couldn't watch last years (2022) "State of the Union" address with Grandpa Joe and the Cheshire cats behind him so I turned off the TV.
I feel the same way about watching Per Wold Olsen and his arrogance trying to persuade disillusioned shareholders to vote the White Card.
Thanks, I think I'll pass on the video.
Canes, Great Video and find thanks. with Vascepa being the only product , this should be an easy sell. Alex mentioned that a Big Pharma could offer something within 6 months. I'm hoping for a bidding war, Alex Denner probably is too. NVS (One/two punch with Inclisiran/ Vascepa), BMY (Bhatt aboard) perhaps. Merck? AstraZeneca perhaps with it's failed drug EPANOVA will come to the table.
This is from Yahoo Finance Statistics page
Shares Outstanding 403.83M
Implied Shares Outstanding N/A
Float 372.67M
% Held by Insiders 1.33% X (403.83M) = 5,370,939 shares
% Held by Institutions 31.65% x (403.83M) = 127,812,195 shares
Shares Short (Jan 13, 2023) 14.74M
Short Ratio (Jan 13, 2023) 3.37
Short % of Float (Jan 13, 2023) N/A
Short % of Shares Outstanding (Jan 13, 2023) 3.65%
Shares Short (prior month Dec 15, 2022) 9.65M
With Institutions owning 32%, this may not be an accurate number based upon the number of shares traded the past two weeks. Also the Insiders with only 1.33% may not be accurate also. Short positions went up and unless they covered these shares can or cannot be used as voting shares, correct? And if the shorts didn't cover by last week....then what happens? Do we subtract the Short shares from the Outstanding share count? So, the rest is small and Large Retail investors of approx. 255.88M shares.
(403.83M (OS) - (5.37M (insiders) + 127.81M (tutes) + 14.74M (shorts)) = 255.88M (retail)
If all the Institutions vote the White card;
Amarin White Proxy Card
Insiders 5.37M
Tutes 127.81M
Total 133.18M
If a majority of Retail vote the Blue card (understand not going to happen) Let's say 90% vote for grins based on IHUB... :D)
Sarissa Blue Proxy Card
Retail 255.88M x .9 = 230.3M
Don't get too excited the Fat Lady hasn't sung yet. Looks to me to be a landslide. But Retail voters would be absolutely out of their minds if they voted the White Proxy Card. Makes you wonder if the Institutional Investors are as fed up as we are?
Funny, I went to Amarin’s Investor link. I was going to send Investor Relations a note about their PR this morning. This “too little, too late” PR was an affront to all long suffering shareholders.
When I clicked on the link, I received a “404” error which said I needed to go back to the home page? Just wondering anybody else had the same issue?
Fair enough, if that’s the treatment then they can live with it. I’m “VOTING BLUE” all the way.
If someone has a direct email for Alex Denner, it would be great to send him questions or suggestions on what to include in the as yet "Unpublished" Proxy.
I would ask him to include in any revisions the following;
Proposal #10 through #17, caste your for for or against the following Directors currently serving on Amarins BOD. Or make it Proposal 1 - 8 (against Amarin BOD) and Sarissas selections 9 - 15 (for Sarissa selections).
Why exclude the current BOD from the selection process? I don't want any of them to stay.
I would just as soon select all Sarissa selections as to keeping any of the current BOD.
Unbelievable, those sheisters Vanguard and Black Rock, changed their votes at the last moment. What were they expecting? Or better yet, did they have their greedy little paws out expecting some type of payment for their vote?
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