Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
All true except for JT.Tried calling the office several occasions the number is no longer in service.They only had one person working part time in the officeS at the best of times.TAX all Tax
Amarin Agm. Word on the street here in Dublin is that Amarin has changed office locations 3 times and created fictitious phone numbers so when JT arrived he could find or contact the office.
JL Does anyone have a link to this virtual AGM.I live only 25 minutes from the office that its suppose to happen in but not open to shareholders due to covit.
The New Stock Plan
In its proxy filing with the SEC, the company said that the new plan is "designed to enhance the flexibility to grant equity awards to our employees, officers, non-employee directors and consultants and to ensure that we can continue to grant equity awards to eligible recipients at levels determined to be appropriate by our Board and the Remuneration Committee."
If the plan is not approved, Amarin's "efforts to grow our work force could be disadvantaged, and we believe we would be at a significant disadvantage against our competitors for recruiting, retaining and motivating those individuals who are critical to our success."
The new plan includes 20 million shares that may be awarded as "stock options (both incentive and non-qualified stock options), restricted stock units and certain limited unrestricted share awards." Including shares remaining in the 2011 plan, the company valued the entire pool of equity awards to be worth $95.15 million, of which $15.15 million are shares remaining in the old plan.
The company has doubled its sales force and in the first days following the Nevada court ruling, the company had some dark moments thinking about how it could keep revenues rolling in despite the coronavirus outbreak.
Amarin's Executive Pay Plan Is Incentive Driven
Vascepa accounted for $427.4 million of 2019 revenues totaling $429.8 million. Vascepa's label expansion ruling from the FDA and expanded sales were expected to push Vascepa sales even higher. Generic drug makers Dr. Reddy and Hikma Pharmaceuticals, winners in the Nevada court case, would still have to invest in manufacturing a generic version of Vascepa and set up distribution channels to compete with Amarin.
ALSO READ: GE’s Additional Long-Term Capital Raised on the Cheap, or Was It?
CEO John Thero said last week the company plans to restore $80 million it previously had cut from annual educational and promotional spending in order to "increase awareness" of Vascepa and its approved uses. The drug, he said, is "proven to reduce risk, it has been found to be affordable and cost-effective and it is covered by most insurance policies."
Thero was paid $8.93 million in 2019, which is 78 times the median worker's compensation of $114,760. Of Thero's compensation, $697,067 (7.8%) was base salary and about $7.60 million came as stock and options awards. Thero was paid another $635,250 in non-equity compensation last year.
Looking a little more deeply at how the biopharmaceutical company pays its executives reveals that Thero's base salary puts him in the lower 25% of Amarin's peers. Executive Vice President and General Counsel Joseph Kennedy's salary fell into the top 50% for the same position among the peer group. So did the salary of Dr. Steven Ketchum, the company's president of research and development and its chief scientific officer.
Other named officers, Michael Kalb and Aaron Berg, were also paid in the top half of the pay range for their positions at peer companies.
Amarin's base executive salaries reflect an average of 8% of total compensation packages. Long-term equity awards comprise 85% of executive compensation, and bonus payments account for the rest.
TOPICS FOR YOU
The board also has submitted a new stock incentive plan to replace the existing one that expires next year. The new plan depends heavily on the company's ability to sell its Vascepa cardiovascular treatment. The agm 13/july/2020
What have you learned from Cario? out from we are in s--t creek.Give me untruths that the generics are not going to take over give me something positive.
What have you learned from Cario? out from we are in s--t creek.Give me untruths that the generics are not going to take over give me something positive.
Cantor Fitz is not up there with Goldman /S but they are very close to the action with amrn.They spent 4 days with amrn and JT prior to R-IT and clients bought into amrn at 3.30 and amrn went down to 2.35 after. but long term it was a great investment.Goldman/S came in at $18 when amrn was $22 and the stock was never the same.Crooks.They put $28 dollars on it when amrn was $10 in Feb and when the sh-- hit the fan they put $4 sign on it for a full day 100 million shares kept at $4 .Crooks.Cantor may be a small but they know amrn and I would listen to cantor before i would listen to those f---s G/S.Cant believe stocks for vaccine like vbiv and vxtr are up a 1000% on first stage trials and no positive results and amrn are in the same boat and we are down 10% in the last month.JT needs to put the salesman hat on here as millions of stupid investors are sitting waiting for the word covit to come out of his mouth and take us into the teens before the Judges screw us again and take us down to $3.
NVAX came up on my feed a month ago at $10 dollars.Its 130 dollars today.It was $4 a few months ago.Oh Well
Calling HAMOA
Backer Bros are down 300 million and they have 125 million left and no way these guys are going to do a Las Vegas and hold for the flip of a coin.
Big Negative if singer does not get his 15 minutes face to face with judges as that is where he shines.
AMRN $23 last 4th of july .I was in Detroit and out on a boat watching fireworks and the guy from cnbc [nadar the body guy] was lifting weighs in a boat shouting Go Amrn because Amrn was 19 and climbed to $23 lol.No fireworks for Amrn this 4th but will be interesting to see where we are next 4th July.Enjoy yours Holiday weekend all longs.
JL If you go to stockwits you will see posted at 1-35 the video you wanted to see.Scroll to the id DJ22MICH and you will see the video of cantor fitz Louise Chen with Zachary Sibersher.Enjoy
North is it a big negative if Singer is not going to be allowed to give his amazing 15 minutes in person but by virtual online
Eight /Bio crazy stuff going on? thinking about emailing a judge in the middle of a serious court case.If the 3 judges find out that Judge Du is being harassed by amarin investors well they will just do the same as Du and say Amarin out NEXT CASE.Let singer do his job,he doesnt need or the judges dont need the noise from this board.
Suppress Good to know lars Ekman company invested 5m more shares on 31/3 .I met him last year at the AGM and have known him since Elan days.How much have they invested in total in Amrn.I have an apartment next door to one of his invested companies in Dublin
Cantor was spot on pre conference call in March for its investors and took along a Lawyer who called the result unlike the other crooks GS and JPM etc
I listened to it back then and he said he gave Amarin a 65% to 70% of a win and when asked by an audience member Why so Low he said you have to leave 30% for the Judge on the day.At least Cantor gave its investors a chance to question going all in.
HAMOA to the stage please
HAMOA time to take the stage ?
Let Teva and two assholes 6 months or a year before the other generics.
60% Settlement
Reason JT is a former accountant ,a numbers guy and you wont see him at the Vegas Party 2 at the black jack table or the 20c slots.The Baker Bros will not bet a couple hundred million on a coin flip even with singer on the floor.If Covit is still around and singer has to do his 15 minute amazing speech NOT in person but online Well that will suck or may be a game changer.They have to let all generics get V in mid 2028.They loose a few billion in 2029 but gain from now until 2028 and lets sell this fcuking drug as its dragging ass from day ONE.
Dr Debbie is Debbie on stockwits.She hates Amarin and cant stop talking negative daily on stockwits.
Bour When you said it really makes no difference what this board thinks that will change what happens when it comes to the appeals court .so I went back to Du decision March 30th and everyone of your posts were amazing and right on exactly what was unfolding .Great to have you on the board .
HAMOA as I said days ago wait for Hamoa to tell it as it really is .Hamoa will allow us to buy or exit this stock before verdict.I hope Hamoa is ok in me telling me she bought at 4 AFTER reading the court case .We have our ace in HANOA and backed up by some great educated longs .Thanks Hamoa for bringing sanity back in the room .I said 2 days ago that we are approaching the Thrilla in Minnila Ali v Frazer and it’s going 15 rounds. But we have singer and Hamoa in our corner and they know the weakness of the opponent and how to strike to win the battle.It’s Amarin so will be crazy to the end .
HAMOA will give us a great idea of how we stand.
JL hope the body is getting better.Whats your feel on the brief so far.
Todd I said a few days ago that this is Ali v Frazier and its going 15 rounds.
Suppress all your posts which total 14 are all negative.I you want anyone to read or take you serious just post a positive post now and then .
Word is Laurel and hardy [Whal & Miller] are living together and whals wife lives in the basement and the guys go out every day searching for the 18 Restaurants that Miller thinks he owns lol
I told you to stay away from him when he was trying to get amrn longs into that smsi pos
He will never tell you how many shares he has and at what price lol no matter how much ass L you do
GG could you not get the 3 words on the same line as your one word SETTLED had me going for champagne.
SKY News Headline England .Dexamethasone inflammation drug like Vascepa is rolling out 200,000 to patients with recovery problems from Covit.JT time to stop counting your millions and get working on this as it would take us into high double digits and allow some long investors to get out before going to war with a multi billion dollar generic company who are winning 1-0 so far.
Hamoa great post and stay posting for the longs On the board as your info so far is 100%.We need an amazing mind to take us through this so we can make correct Money decisions going forward.
To Kill a Mockingbird.Imagine that court case without the amazing Gregory Peck taking the stage.Jonathon Singer needs to take the floor and give 15 minutes that will leave all speechless and amarin investors rich again.Virtual Oral means nothing [just ask deepthroat Linda Lovelace]
Bio you are doing a great job with amazing passion but this is AMRN so I think Marksman ? will go negative on amrn when the brief comes out tomorrow as will most media and drag the price below 6 in short time.Hope Im wrong but these guys are here for a big fight like The Thrilla in Minilla ALI v Frazier.Its going 15 rounds and Frazier never got over it just like we wont even though we put on a great fight.On a side note I met Frazier in 1983 in a Restaurant[probably owned by miller] called Rosie O Gradys and He got up and sang with my band.He was a lot bigger than watching him on TV.Lets hope Amarin is ALi in this battle.I also hope Hamoa and other longs can come back in and Whal steps back from trying to be the head of the class.Aint gonna happen just pushing the good posts elsewhere.jmho.Good luck to all
Jl Got the name wrong .Daniel Berger had the great win in Texas.He plays out of Florida but I would rather see you play 18 holes with trumpand get him to put a stop to this MESS
JL Always great to see you post.The board has changed with some good longs gone or staying quiet.So can I book my flight for the Ryder Cup in sept? I can can drop my wife in Detroit on the way .Sept we should know how Amarin is placed.Delighted to see Bergin win today in Fort Worth as he had a hard time with medical problems and was outside the first 100.If you stay in the game you will win so best of luck to all
Cardio I hope your back to work tomorrow and busy all week