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By remaining conservative JT puts no pressure on himself to improve the awful tier situation with insurance carriers or to market the drug more effectively.
Under promising and over delivering doesn't work when he can't even overdeliver very much. It just tanks the share price and it remains tanked...
JT is a failure his ability to effectively market Vascepa is no better than his public speaking ability.
The silver lining of today
I have to imagine the Baker Brothers and other insiders have to be losing patience with Thero's incompetence too. John Thero is a Gil Amelio type millstone around the neck of investors, as Apple showed good managment can make all the difference in the world.
Thero should be out in a few months if he can't turn things around.
No this company would have great value with a competent CEO. But its never going to reach its potential as long as JT is there.
Luckily I suspect the Baker Brothers are getting fed up with his incompetence as well.
They totally deserve the bonuses they are doing such a fucking great job.
Why do the Baker Brothers tolerate Thero...
Both the content and the presentation of this moron leave much to be desired.
Can he at least take f***ing speech lessons.
Like a course where he gets a huge shock every time he stammers or "um" or "ahs".
John Thero has information that will lead to the arrest prosecution and conviction of both Hillary Clinton and Kevin Spacey...
I mean he doesn't... but it would be good if we could convince them that he did.
For what its worth I called IR
And said that nobody wants that stammering moron to talk ever unless they are short the stock and that everytime he talks the stock tanks. Written statements only.
The Stock Correction finally ends and then John Thero the stammering moron has to talk...
How cursed are we.
You are talking crazy.
I hate John Thero and hope that Hillary Clinton comes to believe that John Thero is going to testify against her... but reverse splits are always bearish for a stock price.
Hes certainly way way better than Thero as CEO.
He knows how to raise money without utterly tanking the stock by gradually converting the convertible as needed in a way that pissed nobody off...
He knows how to sell to the big phone companies the way Thero apparently doesn't with the insurance companies and apparently has gotten the right technical team together to provide a superior product.
He knows how to speak in a way that inspires confidence in the company.
He actually holds on to some of his shares.
Since he took over the company's overall trend (despite short localized downtrends) has been nothing but up.
Thero is just coasting on credit for a study that he had almost nothing to do with going well... the only thing he got right that was arguably his own decision was the 1st amendment case but even that he has not exploited.
I have beef with him for that too...
We'd have better tier coverage if he spent money on lobbyists rather than sales reps.
"This isn't the type of drug that folks will jump off the couch and race to the doctor to get immediately. It will take some time."
Reduce-It results have been out since September 2018 (November 2018 if you want to get technical about the full results)... the biotech CEO of the year needs to go.
How many times does it need repeating that it doesn't matter the 1st amendment protects ALL non fraudulent and non threatening speech.
What exactly pray tell will compel them?
I don't run the Baker Brothers and neither do you.
LOL NRx for generic Lovaza is up a higher % than for Vascepa 60 days after the label expansion.
People should really stop defending Thero.. that is inexcusable. Fire the sales reps and hire lobbyists. I know that lobbyists are bloodsucking parasite scumbags but that is what our whole semi socialized medical system is based on...
Dear God no he should not speak to the public... ever.
I think that GIA absolutely COULD work. But is JT capable of executing it competently... well maybe he'll figure something out in the future but his track record so far indicates that he is not.
I support BO (after April 17 lol because calls sold) for the sole reason I don't think there is any other realistic way to get rid of Thero.
That or some kind of shill...
There are certain posters who reflexively defend JT and the management but the rest of them also at least occasionally post on other topics (the patents etc) but defending the management seems to be ALL he does.
I wish all those who defended the management would offer a firm deadline as to when they expect JT to be able to turn things around, he massively diluted the stock to hire all these sales rep who as predicted by among others Jesse Livermore are not effective and he still has yet to learn to speak.
His money would have been better spent on lobbyists... maybe this is some Hudsucker Proxy kind of thing...
I wish my man Dan Mondor at Inseego could also run AMRN...
I support a BP buyout (not immediately because knowing Thero won't sell and can't turn this around anytime soon I've sold a bunch of April calls) not because I really believe that bureaucratic BP can sell this better but because I think Thero is really really incompetent at selling this.
The stock needs higher script numbers not excuses...
We need a management that can solve these problems and we don't have it now.
Those extra sales reps Thero hired are really working out...
Well leaving aside how horrible people are if they doubt the great dear CEO JT I think we agree its not his MO to hype the future which is a big part of my problem with him...
But yet he said explicitly they are going to win the trial. That is not the way he normally operates if he lacks confidence in the future.
Are you sure about all this... it almost sounds like you think they (the generics) have a good chance to win...
When even our gutless CEO says we're going to win the lawsuit I find this hard to believe.
They'd be advertising the whole time because I don't think there would be an injunction, and I don't think the FDA would even try to get them to cease and desist because they would know they are going to lose the case and a lot of their authority following that with it.
But yes the real problem is JT.
I don't think their would be a court injunction, FDA would send a cease and desist letter to AMRN and perhaps a demand for a fine. AMRN would sue, I don't think the judge would grant an injunction. I think it would go a lot quicker than most trials though I agree the trial process takes forever.
But in addition this would not be a case the FDA would want to lose... so I bet the FDA just kind of wouldn't do anything.
AMRN's obstacle to selling Vascepa isn't that the company's too small its that their strategy is poor and that their spokesman is the worst guy on earth IMHO (not Bhatt of course Bhatt is fine I mean JT).
I'd favor GIA if I had confidence in the management but it is very clear that between JT's magical ability to put people to sleep and his poor decisions regarding marketing strategy that we'll be waiting till the patents expire before Vascepa gets the kind of market penetration it deserves...
In view of that I would prefer if he sold the company even though I think with the right CEO it'd be worth 1000 soon with him it won't even get to 40 a year from now. I guess its great to sell call options on knowing that you will never have to regret it.
Theoretically by FDA rules they need FDA approval for all ads.
Could the FDA win that argument in court though... absolutely not unless AMRN made false or "misleading" claims in its ad. I have no idea how long it takes to script, cast shoot edit and broadcast a new tv commercial...
A month maybe?
But that isn't what the 1st amendment says, let the FDA try to make the argument that they have a right to keep truthful information from the public in order to preserve the power of their cancerous bureaucracy, they will lose open and shut.
I don't think the FDA would even try to do it.
LOL Shkreli did literally nothing wrong (he was railroaded for exposing how bad the FDA healthcare system was and then for mocking the Hildabeast).
If he were out of jail I'd honestly be fine with Shkreli as CEO, the stock would probably tank hard for a week but it'd be better in the long term... Shkreli would know how to garner positive attention to this stock and maximize revenues.
Shkreli's fraud was in his early hedge fund management, he did not actually do badly running the pharma he took over.
If the FDA tries to make that argument 100% they will lose. The 1st amendment does not mention "health care providers".
"He's a steely-eyed missile man"
Hes a bug-eyed low energy bean-counter. Imagine what the stock price would be if we had someone like Musk as a CEO we'd be AT LEAST 50 dollars right now. I'm NOT saying it should be me I'm saying hes the wrong guy.
Nobody is going to get excited about the wonder drug we have if they have to listen to him, and furthermore he doesn't care about the share price as he lets these attacks go on and does nothing.
He also
1) Discontinued appeals on the ANCHOR rescindment, if he continued eventually he could have sued the FDA in Federal Court for breach of contract for billions of dollars and won.
2) Did a completely stupid and oversize cap raise in July and to those who say it was necessary that brings me to point three...
3) Used the money mostly to blow on useless sales reps, he should go direct to consumer. There is no need to wait for any FDA office approval as the one good thing JT ever did was the 1st amendment suit, we have a right to market truthful information on the drug and yet JT is not exploiting it. Let the FDA try to bring legal action to stop this, they'll just lose again.
Nah the product is great and Dmiller is right that bitching with words about Thero will never make him go away or change his behavior.
But for whatever reason memes work eventually if they have truth on their side, I don't know why they just do... President Trump was just a really good meme initially. Getting rid of low energy "Jeb" Thero (he is low energy and he even looks a little like Jeb) is a good meme but otoh IHUB is a bad medium to use memes so maybe it won't work here...
Meme war Thero.
Dmiller and other apologist for the "biotech CEO of the year" are quite right that bitching with the written word about JT won't work and won't influence the Baker brothers to fire him... and yet we'll never get our real moneys worth out of Vascepa while he is still there.
I need to think back to the 2016 elections... we need to make memes of Thero mocking the incompetence poor speaking ability and "low energy" of John or should I should I say "Jeb" Thero. Memes influence people better at the subconscious level. I'll start tomorrow.
The Baker brothers have many many concerns of which AMRN is only one and sometimes a certain amount of detatchment is good.
But I think it makes it so they don't see JT's persistent failure to defend the price and his persistent talking down of the stock... they might have noticed the completely unneccessary and stupid oversized July capital raise (to hire a bunch of useless sales reps instead of fully exploiting their 1st Amendment win) but that is not the only thing.
Elon Musk has a real success with space X but with Tesla he has a car that loses money but yet the man can pump stock even without any real fundamentals to back it up...
Thero has the wonder drug of the century which should be a gold mine... and he is projecting negative cash flow and allows negative fake news about the patents being in jeopardy and lots of other things to keep the price down. There has to be a whole lot of people who can do better. If he were in Trump's position (not that he'd ever get there) I swear he'd never say a word against CNN. And as a public speaker he makes Ben Stein in Ferris Bueller look like JFK.
They don't need the sales reps they need to do a strictly direct to consumer approach (and fuck waiting six months use their first amendment win), sales reps are a total waste of money.
I have 10000 shares now where did you get that I have 1 share...
I used to have more but I had to hedge after the July offering and adcom because I was terrified that maybe the bean counter raised so much money because maybe he knew something was going to go horribly wrong at the adcom... another reason I don't like him.
I don't think hes a puppet thats the Oppenheimer analyst.
JT basically works for the Baker Brothers... but I wish they realized they could do better than this dumb lethargic bean counter. Even all his apologists should understand at this point he cares nothing about the stock price.
Elon Musk and Thomas Okarma are mostly con artist who were just selling bullshit, but they managed to keep the price up (Musk still is) on just bullshit. Thero has the wonder drug of the century and he can't the stock up and he constantly sabotages any positive momentum. If we had Musk or Okarma (as long as we had someone to keep them from stealing all the money) we'd be at least 100 bucks right now.