Explore small cap ideas before they hit the headlines.
Explore small cap ideas before they hit the headlines.
Thats why i sold half and put it in two other bios that actually still do that. Remember when we thought denner would sell this for 15-20 a share? Now most of us would be thrilled just to break even and get the heck out of this debacle.
already sold half for a tax loss and put it in something else. Maybe buy some back if it ever seems like denner is actually gong to turn this around.
Nobody knows what the plan is. This guy I guess is supposed to be able to turn companies aroung but he is doing a god awful job.
There is really really bad news coming which is par for the course or denner is shorting it as low as he can before he announces some news.
For what like 1.50 a share? Nobody is going to pay much for a .46 cent stock though at this point taking 1.50 might actually be smart. Probably the best they will get.
Its why people are bailing this will be an incredibly long term hold to ever make any money. Like you said 5 years just to get the reinbursments. It is currently not at all a good investment if fact its down a good 65% since the vaunted dennr took over and we have not had one piece of good news since he took over. We all got duped by him and I fell for his sales pitch big time. Call me negatgive all you want but he has been a complete disaster and there is no end in site right now. Europe seems to be a losing battle and this thing should have been sold long ago. And just what would they have in their pocket denner has not had a thing in his pocked the whole 19 months. The disaster of a investor conference was the best they got.
Would not shock me in the least with the way things have gone with AMRN. Company should have been sold long ago and now it is on life support.
Denner gave a complete nothing burger as expected and the stock dropped like a rock. Denner fully knew it would drop his goal now is to drop it as low as possible so he can load up. He is doing a great job of it so far. I dont care how great the drug is anymore when you got a guy who wants the price low and sales stink this is what happens. Denner probably wont buy til its in the low 30 cent range.
The question is who is loading up the boat below .50? I dont think tax loss selling has even started yet. I may buy back in some once we hit the .30's
For those who don't want to wait another three to five years, they pressed the sell button. I'm not critical of Amarin though
That is because its already been almost two years under denner and many held long before denner. So you calculate do I continue to hold this most likely dead money for the next several years or sell and buy something else with much more near term promise. 3-5 years is a long time if you have already held 4 or 5 years and are still underwater. I sold half myself and already almost already recouped all my amrn losses on those shares in three months. Each person has to make their own decision based on timelines.
As for the low? I remember when we thought Denner would never let this drop below buck. One thing is certain nobody can predict a bottom for this stock.
I have sold half of them so far. If I did not believe in the drug I would have already sold them all and moved on. I think Denner is a complete and utter disaster but I think a big BP will possibly like the drug enough to someday buy for 5 a share it so that is why I still hold half. But I also think keeping the old management would get us 5 a share given what I have seen out of denner. At least the old managment did not hav CFO's and CEO's leaving every six months.
Its not a troll dude its reality or really a nightmare honestly that we turned the keys over to denner which was clearly a big mistake. I guess alot of us should have listened to those who said to vote no on denner.
Or you can sell and invest in something else. Honestly is it salvagable anymore? Every time we think we hit bottom it only gets worse.
There is no world in which denner could sell this company for five bucks anymore. He probably could have a year ago and likely should have. Remember when we thought he could get 15 a share for this company. Right now maybe 3 a share is the max he could get.
This is the worst stock I have ever owned just glad i sold half and put it in a stock that has tripled in two months. I would be shocked if this thing is not in the 30 cent range after tax selling. I would also be shocked if berg is around in another six months
I remember when people said denner would never ever let this stock fall below a buck. He knew what he had with brave. Stockboy said the stock would go to 100. He had a plan. He was going to sell this for 20 a share. He was playing 3d chess. The bottom line is denner is no better than the old management and maybe even worse in many ways. Other than saving some cash he has been a complete disaster. If I hdd it to do over I would never ever have voted for denner and this clown show
I remember when people said denner would never ever let this stock fall below a buck. He knew what he had with brave. Stockboy said the stock would go to 100. He had a plan. He was going to sell this for 20 a share. He was playing 3d chess. The bottom line is denner is no better than the old management and maybe even worse in many ways. Other than saving some cash he has been a complete disaster.
Sure but if he can drive it down as low as possible and load up he can eventually even make more money. Maybe he just does not care this is a very small holding for him. And for all the hype on the medicines company it sounds like he also had some pretty bad misses the more read about him.
It is not strange if they think this is a sinking ship or they think denner is doing unethical things like driving down the stock for his own funds good. Beginning to look more and more like we got suckered by denner. I bought his act hook, line, and sinker. I feel like a fool now.
Has Sarissa concluded its investment is a fiasco and it is time to move on by recuperating as much of it as possible?
Was today’s presentation part of a financial engineering to that end?
That point you made is exactlay what Sarissa is doing. I mean they have had almost two years now and can clearly see this is moving in the wrong direction. There is no doubt in my mind mind Sarissa only has one goal and that is to make or recoup as much of their money as possible before they get out. Denner has probably already admitted to himself this has been a complete fiasco. It is now very telling that the CEO and CFO left.
For those that said the Q3 results were the bottom you forgot this is AMRN and there never is a bottom. Every single time they open thieir mouths the stock drops 10-20%. One thing is clear denner will never ever ever win another proxy battle again.
Given how the company has been run the drop is not surprising at all. This conference was their one chance to deliver some actual real good news and it was a complete dud at best. With tax loss selling going below .40 can easily happen now.
Denner is not nearly as smart as you give him credit for being imo regarding running a company. He is actually pretty darn bad at it. He has had almost two years and all he has done is destroy his reputation so far. I think all he really cares about at this point is driving retail out of the stock so he can buy dirt cheap. He will then do the buyback to run it up so he can make money. He clearly is only in this for himself that is very obvious at this point. My guess is he wants it in the low 40's before he buys which is likely coming soon as more and more retail gives up and moves onto other stocks. . Denner only has one interest at this point and that is himself and his fund.
It will be interesting to seee if Berg sticks around or not he has to know what Denner is doing in regards to the stock. I can see now maybe why Holt left. Denner is shady.
Pretty much what we all expected. Denner has had almost two years now to turn this thing around. Mind blowing
It is almost like denner does not even care and maybe he doesnt given its such a small holding for him. I have sold half my position and almost made all the losses back in another stock so far in like three months. Given how on fire the market is right now this is such dead money I wish I had sold it all and bought back in like six months later. I would have basically made up all my losses in AMRN. The conference was pointless but that is no surprise none of us expected anything given the track record of denner the last almost two years.
They would be best not even to have tomorrow. Why in the world would you hold an investors conference with the stock at all time lows just to rehash old data and basically say nothing new except we are progressing in europe and expect significant revenue is 13 years. Unless they have earth shattering news there is zero reason for this conference at all.
I bet thats what the whole investors conference is about. Nobody gets it but it appears its all they got.
If they got nothing the stock will go below .50 cents but given their track record the last few years I expect nothing. They may not be smart enough to realize cancellng the whole thing is a smarter move if there is nothing big to share. A nothing burger will further erode shareholder confidence which is alreay lacking big time. Seems to me if anyone had any confidence left there would be big volume right now loading up at these prices.
Not yet. If the conference is a dud the price will go even lower. My guess is they are going to have nothing new at all to say but I base that on what they have done since denner took over, which basically is nothing.
People done seem to expect much of anything from this investors conference judging by the stock price. And honestly if they don't have any significant to say the whole conference is pointless if they are just going to rehash the same old stuff. Probably better off not to say anything people are tired of hearing the same old stuff is they want some real news but so far denner has not delivered dork.
No it almost always drops 20% but maybe the price got so low now shorts have moved on. I mean the Europe and Row sales are still pretty pathetic so I think you made the right move. This investors confernce better be a grand slam imo.
A RS is about the worst possible thing that can happen to retail shareholders. I had one on another stock and it destroyed it for good even after the company bounced back, The shorts hammered it day in and day out for years. Same thing would happen to AMRN. But then again how else are they going to get this over a buck there is zero buying interest.
They certainly succeeded in demoralizing shareholders into selling
Your above line is certinly correct look at the pathetic volume we have daily now and the stock never goes up. I think initially people were giddy about denner but after 1.5 years and no buyback alot likely just gave up afer seeing the company headed in the wrong direction. I guess maybe that is denners plan to demoralize and if it is he is doing a great job of it.
April I think, But given we just hit an all time low today going to be very difficult for denner the magic man to get this over a buck by then. There simply is not going to be enough in sales by then to move this much imo.
If Italy is denied again I think 4 or 5 a share is probably the best we are going to get. China, Spain, and England are not going to bring in enough revenue to get a BO of 10 a share. At a certain point Denner might need realize pushing a big boulder up a hill just isnt going to be a winning strategy. Cut bait while you can.
I am guessing a BP would be interested but not at a price any of us want. But at this point to we really have a choice. If Italy is not approved that probably does not bode well for Germany and France. Seems like all we are doing is spinning our wheels and making very little progress. Might just have to unload it to a BP at a low price and let them do their thing
So if Italy was NOT approved doesnt that kind of screw up the whole strategy in Europe. How can you ever have any meaningful revenue if the big three are no go's? The whole strategy was Europe and getting approvals in those three that is what we were told Denner was doing. Seems like it would be very very difficult to ever get a BP interested without those three on board or at least two of the three.
It does not look like Italy was approved (we should have heard by now), so not sure where we go from here. And not sure how that impacts France.
My guess is that the Investors Conference will address some sort of change in strategy. Because without Italy, France, and Germany, and with very limited uptake in UK, we have sort of exhausted our short-term catalyst in Europe.
But I certainly do not think Denner thought this was going to be an impossible situation or he would never have been buying this stock when it was over 4 dollars a share. Remember he thought it was undervalued at 4.50 a share. There is no possible way things can by going the way Denner thought they would be almost two years in. The fact they approved a buyback shows they had no idea or were totally blindsided by losing the USA contract. But really that is not all that shocking given generics and it might not be the last contract they lose. Nobody in their right mind ever thought in a million years this company would be in the current position it is in when Denner took over. At least going of the posts when he took over it was nothing but pure optimism and talks of 15-20 a share BO on the stock.
These were denners guys so at the end of the day this is on him 100%. The rally the troops plan only works is you have some real news that is going to move the stock as the stock could be down another 15-20 cents after earnings. At thta point the hardcore AMRN supporters wills stay in but most everyone else will bail.
I think this makes the recent departures of both CEO and CFO very easy to understand. Denner must be furious that allowing the above to happen most certainly throws a horrible wrench in plans to execute buybacks and shoot for listing compliance. I think this caused his plan B to be downgraded to plan C.