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If total incompetence they would need to sacrifice a scapegoat since they are 100% eventually facing a lawsuit already and it doesn't look good keeping both Kennedy and Thero.
If a criminal conspiracy ala the Hudsucker Proxy then they CANNOT sacrifice a scapegoat anyone they fired they would have to kill quickly afterwords (and that would be a new and dangerous level) for fear they would likely talk...
That is why I no longer think it was mere incompetence.
Thats why I'm not buying back till we're near 2.50 and close to EU approval... I think thats when he'll try to make his move.
Then he'll try to take it private for 5. Maybe I'm wrong but Thero and managements every action suddenly make sense if you look at it this way.
Thero actually isn't stupid (he pretends to be) he is a psychopathic crook.
As I've said I don't think the management is just stupid anymore, I used to but I don't.
The Hudsucker Proxy theory makes more sense otherwise they would at least have a PR and a scapegoat.
"Too many big firms still invested"
If they don't get rid of JT he can make things worse until they aren't invested anymore and he will, every bit of percieved shareholder value must go until they all bail in disgust.
He'll start acting smart only after its either private or he and whatever partner he may have has a big stake.
The authorized generic option is to use a word that is notorious here "obvious".
If what they are doing is trying to keep it secret from Hikma and Dr. Reddy I don't see the point. Hikma and Reddy couldn't stop them from giving a favorable deal to Teva and in fact its probably better if Hikma and Reddy knew about it... I initially suggested an AG deal BEFORE the appeal as a way to get Hikma and Reddy to settle on condition of vacature of Du's ruling.
Silence after a disaster doesn't work when you have a management that is this hated and with this poor a track record. If you are going to have a secret plan you need to do it with a new management team.
Not sure if you are asking about an authorized generic or my theory on the management.
Before the reaction to this patent lose the management looked merely incompetent... but now that they've experienced total disaster and yet they don't even bother finding a scapegoat or giving any clarity that they even have a plan... just a rambling incoherent bunch of you knows from JT about GIA in Europe...
Based on the list of extremely poor decisions they've made and the reaction to this patent case it looks like they are tanking the stock. Its not a conclusion I would have come to before now but at the current time its what fits the data.
JT can't fire Kennedy as a scapegoat and the board can't fire JT if they are all in on this Hudsucker Proxy scheme together.
The reason you do an AG generic deal now is to leverage your 1st mover and supply advantage to keep generics (other than your pet generic) out while you still have an advantage.
The plan is to deliberately tank the stock to acquire a controlling interest or to take the company private...
There is no reason to wait to do an authorized generic deal.
If JT and BoD were merely incompetent at the very least Kennedy would be fired.
They are also the ones who filed in the 9th circuit an inexplicably and incredibly stupid decision that was obviously stupid even at the time.
Such consistence incompetence compiled with not making a scapegoat is unbelievable since they ARE going to get sued for it eventually.
My theory of AMRN management explains everything.
Everything JT does make sense...
If you interpret his actions as deliberately tanking the stock in order to buy a controlling interest cheap ala the plan in movie the Hudsucker Proxy (but unlike Norville Barnes who did manage to create shareholder value JT is in on the scam)...
Mere incompetence otoh does not make sense because either JT would fire Kennedy or the board would fire Thero if it were simple incompetence.
Who says hes STILL not on the cusp of being a billionaire...
If this is taken private and they reverse all their bad decisions that they've deliberately made he becomes a much greater billionaire than he otherwise would have been. Which is why the shareholder lawsuit must be executed asap and I think this amicus thing is a distraction...
This is my 15th post today.
I'm running out of posts but I share the skepticism of the Amicus thing and think the legal eagles here should instead focus on a shareholder lawsuit.
Obviously Thero and his co-conspirators have deliberately tanked the company in order to acquire a controlling interest. Nothing else makes sense... if it were mere incompetence than Kennedy at the very least would have been fired as a sop to the angry mob and I think JT would follow shortly after.
I mean why would they have filed in the 9th circuit unless they WANTED to lose and tank the stock... especially if they knew they could do a deal with Teva and keep 80% of the US market anyway.
Rich people don't like losing money.
But keeping JT and Kennedy and all of AMRN's fuckups upon fuckups make sense if they are deliberately tanking the company to take it private ala the Hudsucker proxy.
I think I mentioned the Hudsucker Proxy yesterday but not with as much detail...
Didn't your conspiracy involve nebulous evil big pharma forces... I'm not sure big pharma is directly involved maybe someone in big pharma is but I think its more like as I said the Hudsucker Proxy and also I responded to you.
But I mostly agree don't take offense.
Raf I think the management deliberately tanked the company to take it private...
I can't prove it but why keep Kennedy (a normal company would have to designate a scapegoat), why file in the 9th circuit, why botch the marketing so badly.
AMRN and the Hudsucker proxy.
What if the insiders deliberately ran this into the ground in order to take the company private cheap perhaps with some financial partner... there is just no other good explanation for why JT and Kennedy still have jobs.
1. Botch the marketing after reduce-it in general by hiring expensive sales force but not using your 1A win to go direct to consumer.
2. Delay Europe forever.
3. Hire no lobbyists knowing that the FDA already hates you for 1st amendment suit (which you don't actually use to market your drug)... make sure the FDA screws you with an adcom to delay insurance tiering.
4. File your patent suit in the 9th circuit, virtually guaranteeing you would get a left wing activist judge who would be itching to invalidate your patents (now this would seem to make the company not worth as much when it goes private, I'll get to that).
5. Deliberately botch the appeal as well...
6. Talk about GIA in Europe in a rambling incoherent speech even for JT
7. Let the company crater to 2.50 over the next few months...
8. The insiders and their partner (whoever it is) borrow and buy it for 5 dollars a share... with their cash assets they easily recoup borrowing costs.
9. They do as a private company a deal with Teva (or some other company) and keep most of the US market for Vascepa... and stop botching the marketing profits soar.
10. They also do distribution deal for Europe.
11. They get very rich, shareholders got screwed.
The Hudsucker Proxy...
All Lrich is doing is telling the truth about the at best incompetent and at worst criminal management that has stolen our money. If you defend them you are a shill...
Someone check the management and board compensation in detail...
You would think they awarded themselves put options and thats why they are keeping JT on.
He would have gotten better by now if he wasn't stupid is the point...
https://amarincorp.com/board_of_directors.html
We have contact info for Lars... Lars@sofinnova.com
we don't need it for Thero if I had his email I would just tell him that he should kys...
But does anyone have info for the rest of them...
You only need to listen to him talk to know that he is stupid.
If one makes any excuses for JT they are part of the problem.
Do you seriously have a line to high level WH people or is this a joke?
Waiting for the Amicus to do so is stupid!!!
This is foolishness...
Our main focus has to be our money, on unlocking the value in us being the 1st mover in Vascepa and that starts with RAPIDLY moving to oust the management and not getting distracted by other shiny objects.
Our f**king brilliant management filed in a juristiction which almost guaranteed a left wing activist judge, and that is also what we got on our appeals. People of that ideology have no interest in the truth, the law our property rights etc.
If the majority of the appeals court were from the other party (I can't name the parties it seems) we might have chance... but they are mostly the same party as Du.
If it somehow helps with the shareholder lawsuit than do it... otherwise IMO the time is better spent prepping the lawsuit to get rid of the management which should be our only focus...
Marjac I've sent emails...
Don't take too much time on this amicus pipe dream... need to focus on shareholder suit for breach of fiduciary.
Hes almost certain to be fired even if not voluntarily his record is such that a lawsuit would be pretty open and shut. Lets just stay out of the 9th circuit when we file it...
Not without JT leaving and doing it too...
I'm sure lots of people thought that about Apple (and I hate Apple btw) before Jobs returned as CEO.
A fish rots from the head down, getting rid of the cancer that is JT would likely at least get us a better deal if we sold the company.
The time to sell the company isn't now...
The time to get rid of JT is now. You don't sell when there is blood in the street though.
The Hudsucker Proxy
Is he deliberately crashing the company so he and some buddies can buy a controlling interest... is that why the Baker Brothers won't fire him?
Taking bribes from other pharmas to intentionally fuck up the company...
These seem as good as explanations as any, the level of incompetence coupled with the lack of any move by the insiders to oust him defies any sort of normal explanation.
If Hikma perjured then likely Hikma is going to get away with it.
JT filed in the 9th circuit and we got bad luck with the appeals panel in also getting all justices who were affiliated with a political party (if I name them I seem to get censored) who does not believe in respecting property. You are assuming they care about the letter of the law when you bring up corruption issues... what about that certain party today gives you the impression they care about anything except their insane ideology.
Not likely we get any justice in the courts on this issue after article 36...
We should forget the patents focus on getting rid of management and bringing in a management that will move aggressively on linked Authorized Generic and European distribution deal, preferably with Teva.
Yep, he also retains Kennedy at his job after losing the case.
Clear breach of fiduciary duty by him and the board.
No we don't but they know Europe is worth more than this and they still held through the appeal... would seem rather impulsive for them to sell now.
Not IR: Baker brothers and Lars Ekman.
IR works for Thero, don't bother contacting them. Contact Lars (or other board members if you have their information) and ask why the management has not yet been fired.
Baker Brothers #212-339-5600
lars@sofinnova.com (Lars Ekman email)
ALL of us need to call the Baker Brothers and email Lars and demand that the current management be fired...
Is Vascepa worth it yes... is Thero worth it... no.
Given Judge Du's political background (it seems I'm censored if I mention her party) she probably ideologically believes in free healthcare...
So she probably acted based on ideology rather than the letter of the law.