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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.
Ram Agreed; We'll have to wait for the final wording on the Proxy.
It does seem odd that Karim is addressing his employees in this type of format.
Shareholders aside, employees own shares too. Although it's not going to make a difference.
Employees when faced with decisions like this usually side with management. Not always, but think about.
isaeed;
You are correct; 7 additional board members (total of 15 Board members?) according to Karim.
Excerpt from Karim's latest Statement;
"As you may know, Sarissa has called for a General Meeting of Shareholders to vote on matters related to our Board of Directors—to remove our Board Chair, Per Wold-Olsen, and appoint seven of their selected candidates to the Board, as additional members."
Whatever it takes to make radical changes at Amarin and give shareholders a voice.
Good point Rose; thanks
I didn't witness this, I was told that; President Harry Truman had a sign on his desk that said; "The Buck Stops Here." Truer words were never spoken.
I don't agree with your assessment of Karim, he has to go as well. It was Karim's idea to hire PWO, so, he's ultimately to blame since he's the driver of the bus.
What about the lack of transparency and no communication to shareholders? Karim's responsibility.
What about the non-performance and accountability standards? Karim's responsibility.
Lack of Support for EPADI is another biggie in my book? Karim's responsibility.
Loss of and non-performance of EU market, especially Germany, where Karim boasted that it was in the bag? Very poor showing. He's had 18 months with Nothing to show....NADA! There's other things I'm sure we could nit-pick.
I don't want to convince anyone how to vote. "just give me the facts ma'am....." Sgt. Joe Friday.
So, Leqvio costs $6,950 annually vs Vascepa @ $2,316 annually. Are insurance companies picking up the tab on Leqvio? Is Novartis offering kickbacks to doctors? Don't ask, don't tell... :D)
Let's talk about something else besides a soon to be unemployed "millionaire" Chairman, PWO.....
Our next suitor perhaps? Novartis. They need us (Vascepa) big time. I've posted this comparison before.
https://www.novartis.com/about/products?sort_by=title&search_api_fulltext=&sort_order=ASC&page=3
Leqvio (inclisiran) bought from Medco for $10B
What is the cost of Leqvio?
The cost for Leqvio subcutaneous solution (284 mg/1.5 mL) is around $3,475 for a supply of 1.5 milliliters, depending on the pharmacy you visit. Quoted prices are for cash-paying customers and are not valid with insurance plans. (whatever that means?)
Cost of Vascepa;
Based on personal experience using Amarins coupon out of pocket no insurance. $579 for 90 days through Costco. ($2316 annually)
Ram; watched some football highlights; Whoa...Joe Burrows and the Bengals smoked the Bills. And what a catch by Kittel of the 49ers?
Jerry Jones reacted, we're just "sick" about losing.
You know what they say about Texans?
We like our Beer Cold, our women "Hot" and
Our Nuclear Power Plants in Arizona.
Chiefs no surprise
Eagles no surprise
IHUB police? Why was my previous post from this morning removed?? Did I call anyone names?
All I said was I could care less about other posters casting their votes for Amarin? Yet my post was removed? Really? What are you afraid of?
I’m not convinced that Vascepa will be valued lower than MDCO PCSK9. MDCO through Denner got $10B. Do you really think that Denner would settle for anything less?
Therefore I don’t agree with LarryBirdLegend buyout price of $8.
I have nothing to back up my opinion, just the fact that Vascepa is less expensive, it’s not administered by injection. And Vascepa is just as effective if not more effective. Plus, what about the other indications? What about Brave?
There’s more value to Vascepa than what’s on the surface.
Better than listening to your whining. Stay out of other people’s business dude. Can’t stand the heat get out of the kitchen
He doesn’t have to be sarcastic about it. Go F yourself
Just leave dipshirt. You’re comments aren’t welcome here. You’re an Amarin shill
Too bad David Crosby passed today, he was 81. Listened to Crosby, Stills, Nash and Young a lot and still do.
How are you doing Joe? You old Philosopher you.... :D) How's Colorado weather? We're cold for AZ. Flagstaff, AZ got 3 ft. of snow this past week.
Find any decent places to eat up there in Colorado Springs? Not like San Francisco, but that was another time and place. We were on high street. Remember Elizabeth came to meet us?
Take care, don't be a stranger.
Nuke
I want to invite everyone who has a beef to go over to the Yahoo Finance web page and go to the AMRN news. Yahoo provides a platform for adding comments to the news articles they put out. In particular, today they have two articles with the same subject Amarin Calls Activist Investor, Largest Shareholder Sarissa's Statement 'Inaccurate, Misleading'....
https://finance.yahoo.com/news/amarin-calls-activist-investor-largest-170435522.htmlmakes
May as well make yourselves heard on a wider reaching platform. Yahoo "thought Police" are in force, so keep things professional. If you're really pissed off, I found a little trick. Run your words together so Yahoo keyword software doesn't pick up on words like Foockers, A$$h0les things like that.
mrm; I didn't want to interrupt, but go to marzan's post 398812. Apparently, last time Denner had 150 million shares ear marked for him. IDK where marzan got that number?
So many messages, so little time.
DAR; Just this morning I signed up with CenterWell Pharmacy (mail order), they're associated with Humana. For mail order scripts through CenterWell my 90 day script price for Vascepa will be $90. CVS walk-in costs $135 for 90 days. Every little bit helps nowadays.
Market is in a funk today, AMRN shares are about the only one thats "GREEN" today.
Ram; If this were the NFL and Amarin was an NFL Team, they'd be in the cellar every year. Or the team would be sold to another city. Replace everybody from Head Coach on down, we definitely need a new Quarterback and Offensive Coordinator... he he...:D)
djjaeger82;
Sounds like a broken record doesn't it? They didn't tell you anything you didn't already know, right?
Unbelievable, that they've given up on the Worlds largest drug market.... Oh Karim, let's throw in the towel, we're beat, let's move on. Okay Per OsWald...too funny! Tell that to Tylenol, Advil, whoever else.
Answer me this Karim, what have you got to lose? You friggin' moron!
Rose; My opinion only, but if we're dead set on selling the company then by all means my shares are with Denner. He's been there done that.
My thoughts on the US Market... at the vehemence of the "board of inquisition."
Get going on the Generic version of Vascepa in the US market pronto...promote the hell out of Vascepa and that it's the Gold Standard for the EPA supplements. Take back the market share that Vascepa deserves. Put out advertising that Lovaza and Generic V are crap. Or at least point out their deficiencies. It's all about advertising, not about vintage rock bands. Current Amarin management has done nothing in this respect. What are they waiting for? At least try to be competitive instead of doing nothing.
If you can't beat them, join them. "When you refuse to change with the environment you're in you'll go the way of the Dodo."
Tat; Agreed, fresh perspectives are always good. With Denner as their mentor.
I read a bio on Jack Welch (CEO of GE) the other day, pretty amazing the way he became so successful. He is considered the most influential CEO of the 20th Century. He is credited with "destroying capitalism."
https://en.wikipedia.org/wiki/Jack_Welch
Geez, would everyone please calm down....!!!! It doesn't do us any good to fight amongst ourselves. It's pointless to conjecture stock price, what the buyout price will be, what Denners plan is...blah, blah, blah.... Really? Think about this for a moment.
Combining all our shares (retail investors) isn't going to do squat for Denner to gain control and get Board representation. What? We may have upwards of 3 million shares represented here including all EPADI members? What's going to tip the balance is the Institutional Investors. Our future lies with them. We're a pimple on an Elephant.
Yes, we can scream all we want, "squeaky wheel gets the grease." But in the end, control of this company is out of our hands. The future of Amarin is in the hands of those major shareholders who hopefully will side with Denner. Put yourself in Denners place, what would you do to "wright the ship?" A lot of you have touched on some very good points such as US market (biggest drug market in the world)....Amarin's plan? Crickets. Denners Plan? Think about it? I know what I would do and pronto, but that's another Universe. Combo Pill, FDC? Nah, take too long to do clinical studies and get FDA approvals. Let whoever buys us do the heavy lifting. Fast track the Brave Study? Now we're talking. Put your money where it matters. What would it take to get this study fast tracked?
Referring to Amarin's PR this morning, lets dissect it for a second. Amarin mentions that Denner's previous board candidates were Junior Employees with 5 years experience. Do you believe or doubt Amarin's statement? If true, what does that say about Danners Plan? If not true, does it matter? Let's say for the sake of argument it was true, that his candidates weren't veterans, they were relatively inexperienced?
One has to start thinking like Denner to understand his plan. Stop the bleeding first, then cut out the dead wood. Do those things Amarin hasn't done over the past several years. Promote the crap out of your product. What's been lacking at Amarin for so long? Communication, performance based compensation, defending your product against false accusations. What else?
This in-fighting does us no good.
BTW, I finally put Kiwi on ignore after 10 years of listening to his drivel, how refreshing.... think about it?
GLTA,
Nuke
CBB; Amarin did this last proxy vote. I forget the name of the firm they hired but I distinctly remember they called me personally. The person I talked to was very persuasive that I vote YES for the new directors and the Pay package. I also remember Alex Denner wanted shareholders to vote "Abstain." I initially voted Yes for the new Directors and the Agenda. Then I went back later before the deadline and changed my vote to Abstain. Knowing then what I know now is night and day. I'm going to wait and see what the Proxy says first then vote my shares with Denner. My question is; who drafts the wording in the Proxy? Is it Denner or Amarin? Last time Amarin drafted the Proxy. Guess I'll have to wait until the Proxy comes out. I'm sure it will be deceptive as hell if Amarin Drafts it. They're scumbags.
Oneragman: I posted this last night here on Post # 398587. Go read the article, it's quite interesting.
Nuke the Spook
DAR, I'm confused, I get confused easily. I'm going to call my Humana Rep, he may know.
As for my script Price, it's $45 for 120 capsules through Humana, filled at CVS. I'm going to check and see if mail order is cheaper.
GLTY on Medicare Advantage, it's too late this year as you missed the cutoff (December 7th, 2022). If you're retiring this year, you may be able to enroll in an Advantage Plan from the get go?
Lizzy; before I lose my brain of thought :D) (train). I stopped by CVS to check on my Prescription of Vascepa, remember the 100 days script.
Well, Humana won't allow 100 day only 90 days. I did verify that my "out of pocket" for a 90 day script of Vascepa would be $135. This would be my 1st script price for 2023. In the past it's been around $560 which took care of my deductible. So, I'm good with it.
Secondly, I'm on Medicare Advantage Plan (Humana). I thought I was saving $200 per month by going on the Medicare Advantage Plan. Not True.... I'm paying $172 for the Medicare Advantage Plan which includes my supplemental and drug plan. I caught this when I received my latest SSA check. My SSA check was $172 less this month (January) than December 2022 check. So, I figure it was to pay for the Advantage Plan. So, instead of BCBS getting he Premium and taking their cut, I'm paying Uncle Sam. I'm still saving $28 a month, just enough for a 6 pack and a Cheese Pizza.
IDK, maybe it's a wash, my brother told me that SSA is paying higher amounts this year because of inflation factors? So, I may not be saving anything?
abka, your broker Fidelity should be notifying you of when the Proxy voting materials will be available. If Fidelity doesn't then beware of a 3rd party scam. Last time Amarin contracted out an independent (wink, wink) 3rd party to insure people cast their votes. Beware of this scam. As Amarin will no doubt be paying this 3rd party entity to talk you into voting your shares contrary to your desires.