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Murray,
The CEO already has a base salary ,the stock compensation is additional plus that is a reward for good leadership and stewardship of the company. Does he deserve it, that is the question I have? What about a claw back if he deserves it?
Reduce-it is a companywide effort, the failed court case is his and his team screw up which is his sole responsibility!!
Please tell me otherwise.
You are aware that Amarin has only one product, he only has one thing to deal with?
Give and Take
Carrot and Stick
Cause and Effect
Reward and Punish
MrM,
During said period of time while holding the bag, mgmt cashed out a whole bunch such that no sweat off their backs! Poor shareholder like us still feeding them more with +20 million shares : what is the logic behind that?
They suppose to do their jobs!!
some here on this board want to realize that AMRN is management deficit, hence no action / solution not a big surprise......maybe there are reasons behind it. Just hoping what else could I do?!
RAF,
Is that a good question to ask ?! I bet that he can answer that comfortably?
Zman, CCB,
Why is he a medical professional is beyond words.
We all need to ask Cleveland Clinic to response!
Hope one day he will need to depend on VASCEPA !
Invest,
“ Ultimately it was management responsibility “
You bet it is.
Anywhere but Nevada.
Z,
We need to ask why we need this mgmt team??
Lrich,
If one has to think about run a one product company, wouldn't it be wiser to pay more attention to all outside variables including a loss of a lawsuit, oh but what about feeding an army of 800+ sales rep?
The buck has to stop at where when how/why?
Replace the board!
Cab,
Words of wisdom. Thx!
CBB,
...............( JT is poison )
I think he is more of a number guy than an executive guy, but come around this quarter it will be hard to look at the 800+ rep with some progress to show for since the Mar 30th ruling, I will be ver pissed if the quarter not showing break even or positive EPS.
He need to go, there are much better guys out there for the job.
Invest,
The team of 800+ sales rep are doing research on the formularies of those insurance companies which , when matter
Couldn't be more than the count of my fingers? LoL
Thx RAF for the scripts info.
This management is peculiar in every aspect of non-performance. I said earlier that 800+ ref is big drain on bottom line and very unhealthy for the SP on-going. SMH
BB + Marjac,
Thx for the tremendous effort for the undertaking!
We owe you both!
Jasbg,
Jas, come on! You know better than that. This is a ONE product company as I say it so many times it really needs someone other than JT caliber to make it a stand alone company.
Peace
Jasbg,
It is difficult for this investor who was promised his investment to have increasing share value and see it is anything but, especially for some investors place a lot of trust to management who was very very well paid to perform its fiduciary duty, not only failing to do its job at the same critical time still wants to get more pay, can you blame us for calling out?!!
cmm3rd,
Thank for an excellent find.
It does show how this judge likes to make up stuffs for her own special ‘enlightenment’ in an agenda aggressive manner.
mho
Tal10,
* Would it be wise to include within your Amicus “how judge Du took it upon herself to extrapolate her own interpretation of the expert testimony that did not conform to scientific fact “ .and could not have been foreseen by Amarin counsel to correct such misguidings?*
... not to mention that her opinion was fostered after she was ‘educated’ by someone somewhere somehow sometime b4 rendering her (assuming not her clerk) judgement. LOL.
Sorry doc, had that post b4 I read this latter post of yours !
Ralphey,
My dear Doc you could have a printout of a letter readily prep for your patients whom you prescribe Vascepa and a second but more persuasive letter for a second chance use?
That proves you done you part ;-0) ??
Lizzy241,
Would you please tell us since when they own only such minute number of shares? TIA
8,
Wow wow wow!! THANK YOU !!
You have put them on notice, make them aware that they work for the shareholders.
Shadolane,
Ironic,isn’t it? That was when the train going down hill!
If JT not the bearer of responsibility who is?
freifaller,
Yet you have a judge like Judge Du who needed to learn about EPA and then sort of declared she is even more knowledgeable than those experts out in the field who did all the study and test for long time? Yet the Appeal Court Judges supposedly investigated the said case but investigated or not, the original female trial judge was an unknown to the appellate court thus make you wonder what was the freaking issue here? Did they or did they not study the case to enter or to affirm valid judgement?
Not surprisingly afterward a rule 36 was cited!
So you don’t see the incoherence?
Marjac,
Unfortunately some thing is not quite right (to say the least), like the High Court in U.K. or Germany (two that I know) are staffed with scientific and knowledgeable judges that really drill down all pertinent details to back up their rulings VS in US cases are assigned only day before the court starts so how do they manage to get the required qualification to deliver justice and equity??
Something is WRONG here!
The brief should point that out.
The brief should attack that.
Why do we care if that hurts the Court’s feeling (if feeling is there to begin with).
So it is for that purpose to use the brief to unequivocally inform the En Banc panel that Amarin will have NO choice but to advance to SCOTUS if En Banc is being denied.
Marjac,
Let not the CAFC be the laughing stock by outside world to know that the designed patent court of US doesn't recognize scientific facts vs manipulated facts by lawyering, because of such, we therefore petition for an En Banc hearing ?
Is that a non-starter ?
Tm100,
Ads is still going on, I saw it on TV 2 days ago.
I advocate that AMRN should readily bare-bone the sales department and those support activity, only left those channels that are for the current sales function.
Keep the ads thru social media because they are effective.
Trim some fat off the entire organization, because AMRN should tell the world they are profitable NOW!
Wait for EU and China coming in......we should have a decent valuation b4 any BO because they will know how much margin is / will be left ?
Ralphey,
This should be the reasonable argument AMRN raise to the Supreme Court for a certiorari
CC,
Two out of three pharma have purchases from Sinochem, having order increase to just under 45 tons by end of year planning on for increase to 350 T in the future, by 2022 production increases mentioned, seems credible.
Tal10,
You put it right on the mark, A CEO of a single product company has to plan in more than one way to deal with lawsuit, with more than one contingency. That why / where he earned the big buck! Then he failed with the appeal again without any contingency, some kind of damage control and calm the Street.
All this is in the scope of a good management team that represent a good company should have.
As shareholder we don't Monday night quarterback generally, but situation demand action not silence
On the other hand they responded to the benefit plan right?
RAF,
Gasoline to the fire, salt to the wound, let to hurt let to depress, let to sell so he will buy buy buy....
Dmiller,
So you are saying that you are still supporting mgmt? What about you still have faith with the mgmt like handling the direction it is going?
Be specific.....
Dmiller,
So you did have conversations with the company but you not a concerned shareholder? Nice!
With all the fact where discovered or you can say dig up by the collective board members but not disclosed by the company per se, so it is not fact!?
Your kindness let us know that they are taking action? Like what? Would you clarify by telling us if you are still confident of what they could do and have faith of this company mgmt?
LOL
Ralphey,
Insurances always try avoid paying it is always an issue, for now it is a rather big issue until it is handled by BP especially perceived as a volume drug.
However insurances do cover a lot of expensive medication so all is depend on how is being managed. The question is if AMRN has capable mgmt, do you have confidence ?
Irishman,
02 simple questions :
Where is the buck stop at? Hint ( didn't mgmt just authorize 20 million additional shares to themselves?)
How to recover from lost of confidence in this company disaster ?
LBL,
Some shareholders have had lost twice after Adcom.....talk about A CEO of the year?
Rich,
You spoke volume and I concurred. Only after the fact that it showed, JT should relinquish his post and let others that are capable to finish the job, in a football analogy : methodically power rush up the middle sometime mixed in with passes is needed, not just one or the other?
Cut expenses, tighten belt, be profitable is the first step!
Only that others take it seriously and suitors will come.
Lrich,
The sickening feeling just won't stop, fade nor should it be ignored, this one-product company CEO ability is so lacking, so inept of such critical matters repetitively , really make me wonder what he brings to the table as CEO ?
Either he get fired or we will continually suffer from his misguided management !!
HDK,
It should start from NA , preferably off a political point of view?
Lrich,
This is the entire point, when AMRN shows profitability it only reinforces the point WS is Dead wrong in its evaluation of the company and therefore the re-evaluation that follows.
That is the priority One. The rest of the strategies/ tactical maneuvering will be successful accordingly.
Lrich,
GIA = Milking the cow to death strategy
CC,
Some thoughts :
I advocated repeatedly (for sometime now) to barebone (not dismantle) the sales department since the existing channels should be sufficient enough to address all accountable sales. Then select some more effective ad to do like the social media ad avenue. Downsize the rest of the admin + support so that Amarin could avoid unnecessary cash burn and be able to stand solidly on profitable ground, i.e. Cash flow positive!!
AMRN share price is depressed to the lowest bottom @ $4.20 which is not enough to equate to even as book value plus inventory/receivables. This is totally management short coming! Not joking , right?! Looking out for shareholders, right?!
Make it clear to the Generics that AG VASCEPA is launch ready + lawsuits ready anytime..... Amarin has to do that so we could buy time wait for EU, China and ROW etc, etc, while also waiting for En Banc response.
If no action is taken then all this cash burn would have very serious consequences to the point of dilution upon dilution won't even matter.