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Assuming the bb is still a go I cannot even imagine how low we can go if they pull the pin on it.
Just beyond stunning at this point . I remember when none of us thought it would never ever go below a buck again and we are at all time lows with no end in site. The selling pressure is intense.
I suppose but in the meatime they need to have something (anthing at all) postive to release. We are back to 52 week lows and the down pressure on this stock daily now is intense. I know many dont care about the price but you might if we are sitting at 40 cents soon.
Even if they were I assume the trials would be a year minimmum meaning we would we probably 1.5 years away from even launching it. If denners true goal is to sell the company after europe approvals not sure that would make any sense.
There is nothing there. But there is a guy named john on yahoo who spends 24/7 trashing the stock nonstop. Could be the same guy.
I do wonder how long denner sticks it out at this point. There is no possible way he thought the company would be in this position 16 months in. The price he originally probably envision for a BO is nowhere near realistic anymore or not even close. So does he really want to put in another three or four years just to make 3 or 4 bucks a share? Maybe he make a play to take it private. Plus sarissa does not even bother with their strongly undervalued letters anymore. Now just silence.
I would agree that right now the company is in a very very bad place probably even worse than before denner took over. Rapdicly declining usa revenue and barely any revenue in Europe is is a worst case scenario right now. They still need the buyback approved they will probably have to use it to get back into compliance in November. Who knows how low the stock will be at that point. Maybe denner tries to take it private I am not sure but I highly doubt he envisioned the scenario we are currently in.
But the insurance fiasco sets us back another year now and holt should 100% be canned over that. Right now going into the end of the year is when this was supposed to be getting turned around and revenue increasing per what hold told us. Instead we are now setback another year again and feels like starting over again. The optimism most had even six months ago appears gone for most. I did used to think Denner had all kinds of stuff going on that we did not know about but after this week beginning to think he simply did not realize how many headwinds this company faces and there is no magic bullet.
I know some will disagree, but I think over the next 12 months, RoW revenue (EU, China, UK, etc.) will replace the revenue lost from the insurance debacle.
The runway is plenty long enough if the plan is to sell anyway in the next couple years though that is starting to look like a pipe dream as time goes on. Coming out now and saying we can no long buy back stock is horid look on an already beaten and battered down company. Besides would likely need the buyback just to get back into compliance anyway possibly.
Exactly what I said and its mostly a confidence thing right now they need something positive and bad to be able to release. It would be another massive gut punch if the buyback was not approved.
52 week lows incoming todaay it seems as it looks like people are bailing. You cannot really blame them after this weeks bomb as you can only take so many negative events before you give up. If I was not so far underwater I would probably bail too at this point and it will likely get even worse before it gets better.
the ship has been sinking for over two years so i doubt it. Just probably got tired of the company going nowhere.
no suprise just computers and day traders let it run up 5 or 6 cents than short it down. When there is never any real news not hard to do. Nobody cares about the stupid patents.
One can hope right now hope is about all we got with no real catalysts on the horizon except maybe the buyback if it is approve. I am thinking the only real path now is we must have approval in germany, france and italy then we can have a possible sale. If we cannot get approval in those countries going to be hard to get BO imo with the USA market crashing much quicker than we can make up for it in ROW
down today though. Need real news.
I would be stunned if any of them reply they don't even bother putting out the " strongly undervalued" letters anymore. Still hard to imagine Denner claimed this was way undervalued at 4.50 and now it sits at .70 cents under his watch. There is no way he will ever win another proxy unless he turns this around and sells it for a good price.
He will likely someday find someon to but it the question is what is long term,etc? They do not communicate so we know nothing.
The share buyback now may have to be used just to get us back over buck before delisting in November at the rate we are headed . I am not aware of anything before that honeslty that will move this stock the market will not kind kindly to the loss of revenue when we report the second and third quarter results. There might be something we do not know about but we have no idea denner and AMRN never say anything or communicate at all. I think we may all just be glutens for punishment at this point!! LOL.
If you market share is getting eaten up by generics wouldnt you have to assume stuff like that would start happening a some point? Holt kept bragging about keeping 57% of the market but he now lost a huge chunk.
I do not know much about the whole generic market but why were they not prepared for this? Instead them come out and drop a bomb yesterday out of the blue that they will likely be losing another 12 millon or more per quarter in revenue now. Europe is moving way to slow to make up the 12 million difference in the near future. And the next point would be you cannot announce the buyback back in January not knowing something like this could happen imo.
They just need to come out and say there is an approved buyback for confidence. They do not need to buyback all 50 million. They badly need some positive press releases.
I suppose I just think alot of us were expecting much more progress at this point and a stock that was at least over 2 bucks and not one barely over .70 cents. Yes in the grand scheme the current price doesnt matter but it does for investers conficence and to bring in new buyers. We are half way through what was supppose to be a big year where things really started moving forward. So far it is muh at best
now that the bloodbath appears to be over at least temporarily they need to get this buyback going asap
I used to think it was a great idea but after what i have seen i think giving denner board seats would have been a much better option. I wanted change but full control to denner was a mistake. AMRN should have just given him board seats but they were too arrogant. The holt fiasco really makes me question denners judge of talent.
I have no idea why anyone would sell at 70 cents especially with a possible buyback coming unless you just needed money quick and had to get out. Things certainly do not seem great right now but my old many who got me in this stock said he bought more today. He is a true believer in this drug buy he did say he is still waiting on this buyback.
Amarin should have just given denner his three board seats and been done with it. They would not been in a majority anyway and likely would probably not have had much say. Instead they had to go all and and denner won. I now agreenow giving denner control was a mistake it seems like amateur hour kind on many aspects. They cut costs but what else have they really done the old board and ceo would not have done. I hope holt did not set us back another year these next couple quarters was supposed to be when the turnaround was really suppose to kick in. Now we have to make up lost revenue with europe moving slowly.
It will just get tied up in court for years though as the revenue continues to drop. Why we did not have a generic already is beyond me.
Probably true but they have to start releasing some positive news soon we cannot continue to have these constant negtive events. Sure all the long term holders will hang on but they are going to have to give others a reason to buy this stock at some point. We cannot have another bomb drop in a few weeks and drop another 15 or 20 cents. It is not sustainable.
Who the hell was dumping all those share at 71 cents near the buzzer Unless it is shorts somebody is taking losses.
So who is in charge of Europe now considering that is the future?
he CEO job for Amarin has now switched from getting Vascepa approval in Europe to getting FDA approval in the U.S.
Wasn't Berg the interm CEO in the first place. Why in the world did they ever get rid of him and bring in Holt. The grass is certainly not always greener.
Yes I agree my only concern is the buyback got denied or they decide not to do it. In that case the price will go even lower and we need somthing positive in the worst way right now for people's confidence. The buyback has to happen or its another huge blow.
Everything looked great back in January. 74 million in revenue. US market looked to be stabalized. Buyback announce. Something has clealry changed and likely not for the better. I mean a hand picked CEO leaving after less than a year is likely not good news.
If he did really resign yes that is very bad news and likely another negative bomb will be dropped here shortly. Really starting to think giving Denner control was a massive mistake. I noticed sarissa does not even bother coming out with its strongly undervalued letters anymore.
I guess we will find out soon. All of the good news was supposed to start happing now so if we done start seeing some very positive PR's I think we can conclude he saw things headed south. Sadly things could get even uglier it just seems we are cursed.
I get that but he cannot be happy with how this is playing out at all. The US market continues to shrink fast and Europe moves at a snails pace. They almost have to proceed with the buyback at this point they cannot let the stock fall back down near .60 cents and avoid a delisting imo. I think there would be losts of sellers if they pull out of the buyback. I guess the biggest concern to me is where their had picked CEO is gone? This was the guy they brought in to turn this thing around.
Why would denner wait for the buyback first before bailing? I would not be shocked if he bails at this point but I would guess he would try and drive the price up first. But now I dont see him sticking around for more than another six months to a year. He will either sell the company or sell his shares
He should just sell the company now for what he can get. They way this is going I am sure he did not expect things to pan out like this and I doubt he see's this ever being bought out for big money now. Does he really want to sit around another four or five years on this thing when revenue is going the wong direction?
At this point we dont even know if there will be a buyback. If they announce there is no buyback we probably go down to 52 week lows that would be pretty grim when you consider this was supposed to be the time when all this great news was supposed to start happening. I am staring to beleive there are certain things that really are cursed and AMRN certainly is starting to look like one of them.
Well if he resigned that is worst case. Their hand picked guy leaves on this own means there must be even more serious issus going on than we know about. Why in the world would he leave on his own if things were going good and he had all those stock options? Its like another massive bomb is about to hit and he got out before.