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It's hard to be alive in 2020 -and even harder owning lots of AMRN Shares.
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Here 3 stories that explains why AMRN is at +4 and not +40 in the market.
https://drugstorenews.com/hikma-launches-generic-vascepa
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This is 'rutine' for Hikma - 590 +1 drugs - Complete DISASTER for Amarin -1 drug (no more patent protected) US market.
sts@ This is a weekend debat - leading nowhere.
JT got a number of prises in 2018 for good leadership (from other leaders).
But he's not a Lawyer. Hired the supposedly best' - and still lost.
Only question never answered from Amarin (not that it makes much difference now') - is WHY 9th Circuit - in handeling something this important ?
zmin@ You just expressed how most of us feel - in this heartbreaking investment.
Said it before (and SP still fell) but i will try again in spite of that.
It can only move UP from here (and then again It might not - at first) :)
Will it ever 'go big' as in 50 - 100. If the little Vietnamese Judge hadn't killed it - surely It would have.
NOW - we will have to be lucky to ever get above 20 again (and that can take years). Wait for a BO ? - Not Likely to happen - anytime soon !
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Night here - ATB
Jasbg
zmin@ Thanks for answering. I have just been digging the net for 'the thousands of Fraud claims' - regarding worlds most important - used to be 'fairly fair' election. Not this time - It STINCKS - all the way to Europe.
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Even winning over Covington - they would newer be able to pay any sort of compensation - that solves anything for Amarin (We are talking +6 billion in loss here).
And surely Covington did not loose on purpose (expect to lose) Judge DU ruled on the thinnest of margins - as I understand it. It took everyone (also Analysts and experts) totally by surprise.
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I have to say that I more and more understand JL (before he left) repeatedly saying - "Cant deal with this Legal Crap" - I'm Gone :)
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Looking at our situation (summing up) I think the best (and only) chance for this to be reversed - Is 'the official Aamrin' being granted to take the case to Supreme Court.
The hope of - 'all the brilliant - hardworking - iHub people being aloud 'into the case' - is like finding a very small needle in a very big haystack - chance'. Not likely to ever happen.
That why I argued for 'Cooperation with Amarin' today - Instead of running competing Law cases - on the same Issue - so to speak.
Not the way to move forward IMO.
Jasbg
ralp@ Just a quick couple of questions - in conjunction with your arguments here.
Will the story of Amarins problems (generic win) be known to docs ?
Would a SP of $40 - 50 have made a difference (a success story in the market) - do docs know/care for the background story of a drug ?
zman@ From outside you are sounding as a Lawyer defending 'every other' Lawyer in the world.
Given your accusing Amarin mngt. of SRW UP - you have to explain 'How they could do that' in this Case.
It is Covington in the Courtroom - with the Legal expertise ! How could Amarin mngt. be responsible for the loss - and trying to Cover it UP as you suggest ?
I would have sold every AMRN stock and have bought into FPRX 'yesterday' - if I had known :)
https://finance.yahoo.com/quote/FPRX?p=FPRX&.tsrc=fin-srch
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Can only say to FPRX Owners - 'Watch out for Generic Hyenas' - they just 'killed' another small Bio Company - by use of US Justice system.
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The company has 38 mill outstanding shares - meaning today every FPRX share has been traded twice' - a bit wild :)
marjac@ Thanks - will give it some thought - you will hear if anything comes of it :)
marjac@ Thanks for thorough answer here.
And two things I understand - You're not a fan of this 'io-io' guy. Promise not to mention him again - ever :)
You don't believe in (se Amarin interested in a direct contact to this forum) - and plan to go ahead as argued. And Fair enough - you're the man with Law experience.
Will follow further development - and wish you and rest of team all the best of winds on the project.
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I might try personally to reach out to Amarin - as I still see it as somewhat of a paradoks - two teams working om the same goal of getting the AMRN SP to go North - not in any meaningful contact.
If it happens 'and aloud' I shall inform of result :)
ATB
Jasbg
HK@ I do hear you - and won't try arguing against' your input - as I do agree with most - as it is the plain Truth - about what has happened so' far in the everlasting story.
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I sense the bitterness you feel - and can easily place myself in a position to share that too - also my' personal dreams 'for now' has 'sailed away bound to Amarins continuous downfall.
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My point is 'having the truth on your side' in this case - it would stil help to coordinate - and a least make a very direct effort - to be on the same page as the Company 'all the writing and debates' is about.
Especially in the Legal matters - where everything have been lost 'so far' and by arrogance 'sweep away' both in Appeal and En Banc - (Code 36 - wich is eq to FC You).
At least to me It's Seem logical 'To join effort with the company that in the end 'hold the cards' - to make sure 'we are all pulling in the same direction.
That all I'm trying to say.
I'm not the person to 'Reach out to company - at best it has to Be the complete Animus team - at the meeting - i just mentioned marjac' as the best man to 'take the initiative to Amarin' as a start (explaining thoughts behind the contact).
What is there to lose' for Amarin also. I can't see them refusing to hold a meeting debating the way forward in Legal matters (avoiding conflicting/damaging the joint effort of restoring patents - fighting generic's where possible).
Jasbg
PS: I never tried to hide that I'm a big T supporter - and absolutely HATE the development after election. To me there is NO DOUBT we are talking FRAUDE - but will it ever be proven. Not the subject of this forum - and do everything not think about these days.
BB@ We have reached a point - were 'being critic on Amarin' (which I have also been - in frustration - a few times) - is 100% pointless.
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For all the good opinions on 'Buy Out' - 'Not GIA in Europe' etc. It up until now 'did not' move a comma - in how Amarin is proceeding.
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I suggest that marjac for a start (contacts Amarin - for starting a direct dialog with the company). In my opinion there is no other way forward.
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Having two 'non coordinated' Law Cases/Efforts - IS NOT the way to change the bad place we are - right now.
This board (criticising Amarin management 'the one minute' - and trying 'to be constructive' the next - 'hoping for Amarin to listen' is leading Nowhere.
Actually Board unintentionally - is more helping Generic's than Amarin - with all the negativity on management - and their plans.
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I say 'lets give the Company 'a chance' to cooperate for real' - with a direct contact.
In the end we all have the same goal here - to make AMRN go North.
It's time to 'combine/coordinate' every effort - making sure 'we all pull in the same direction' - for the good of everyone.
marjac - eight - BB@ Have to ask this. Did anyone try to reach out to Amarin - and their Law team - before starting a Big time consuming effort - that can just again be 'Denied' - with One Word ?
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Please dont take this the wrong way. I have every respect for your efforts and supported it directly in the Amicus Collection (and will do so again - if need be).
But I do feel that we are at a point in the fight against 'the wrong and unjust ruling against Amarin' - that the Law efforts (and possible other efforts - eg. trying to have/get som political support onboard) HAS TO BE COORDINATED - to have any real chance of future succes.
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If I were you - I would contact Amarin and ask for a direct meting - with people in charge of The Law process - trying to reverse the injustice done against the Company.
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Instead of 'possible being accused 'down the line' Again (eg. by this io_io poster - could be Clerk or Judge) - that the iHub efforts was actually damening the effort/chances of 'winning Appeal'.
Why not tackle this 'Head On' - and ask for a meeting with those people that is at the Heart of our Problem - and combine/coordinate efforts in an Organized manner ?
Simply ask Amarin people 'how - in their opinion - the Board could best 'be supporting the effort' of reversing the Nevada ruling.
Thereby avoiding - eg. possible directly damaging an effort of having the case accepted at supreme court - or any other direction/effort 'The Official Law People are working on.
Coordination Guys - like an organised Military Attack - that has a 'Plan' and a 'Common Goal'.
Jasbg
rose@ It is a depressing story being in AMRN right now - no way around it.
Ever falling for almost 2 years (short break before appeal - only).
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And next - where to go with this?
JT did not want or anticipate this - nor did BOD or rest of Amarin management of staff.
So everything always comes back to Disaster Ruling - Disaster Ruling - that absolutely killed every bit of optimism in the AMRN stock.
And as said a million times here' - to give this kind of Power to a local 'not science educated Judge' - being able to Move +6 billion in the market - and at the same time - in this one Wrong Move (based on Hikma Freud) 'kill a small company' that has used more than 25 years to 'Get There' !
It is just so Damn Unfair - that it hurts for everyone' having to experience this - knowing 'that where we are' chances of 'restoring of the patents ever' - is close to none existing at this point.
This little Nevada Judge Ruined Thousand of honest investors in the market that day in Marts. And surely everyone at Amarin - suffers with the rest of us - over that - every day.
rose@ You wander if that (using hopping on Water) was actually deliberate.
But a wild shot it was (and prob. not JL - or we would have heard) :)
Gus@ Hopefully he's in good health - playing golf somewhere - trying to forget AMRN downfall :)
Dont know if you want to Cry' of Laugh' of the Success record of this Guy.
https://www.tipranks.com/analysts/leland-gershell
But Sadly - he did actually foresee the Downfall of Ammarin with the $7 take when every other Analyst was above $30.
He obviously enjoys putting salt in the Amarin downfall wound - as with article today:
https://finance.yahoo.com/news/good-entry-point-amarin-stock-235817330.html
Cardio@ Found in History - Thanks again :)
http://talksense.dk/what-is-the-hammer-what-is-the-scorecard.html
sts@ I actually talked to my old friend yesterday for an hour (we vent to school together in the Middle Ages many years agó) - but have had contact ever since).
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And this Covid business does become more an more 'one big line of unanswered questions'. He did actually 'get Covid himself - from the Mink.
He is 68 years old. Went to bed with flu-like symtoms for a day - and it was over - he was fine again (no treatment of any kind).
But the animals were sick he told me - no doubt about it. A number died (few which is not uncommon in this line of production). But 5- 6 days everything back to normal on the farm.
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But then they got the message from authorities - that a new strain had been found from virus experts - and test showed that the new mutated virus 'did not respond to samples of the Vaccines on the way - and that is what Rang the Big Alarm Bell. So now 'besides all Mink being destroyed and burned' - a number of counties is completely 'locked down for the next month' trying to 'stop' the Mutated Covid strain from spreading.
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Only problem is that 'already this evening we head that also Swedish Mink areas are now infected with Covid (and in Denmark there is a big number of workers from Letland and Lithaun working on the Mink Farms (Eastern Europe) whom many have gone back to their home country - possible carrying the New Virus - so chances are' - that using tens of billions to 'Kill the complete Mink (Fur) business in Denmark is a complete waste of money and effort - the New Virus has already left our little country (and it might actually just behave like a normal flue - nobody investigated that)
Our planet is very much 'out of order' for the moment.
Capt@ This is potential Dynamit. Here is something 'with meat on' - to Amarins Law guys and - the bright guys of The Board to Go After :)
Thanks for sharing.
louie@ Not a nice time 'anywhere' actually - and surely not in USA either.
Our Investment is at 'Rock Bottom' - election is a Mess - hope your big country lands of It's Feets - at some point.
sts@ It is getting Ugly - for all the talk and plans from JT and management - market just doesn't buy it.
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Same people in management (not even Kennedy (9th circuit) fired).
Same continued stories of Form 4's (cash cow) - actually not ONE BIT of REAL news in yesterdays 3. Q report.
Same story of GIA Europe - again not One Bit of REAL NEWS - to please WS.
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Only REAL news of the day was - Hikma Launce of Generic ("just happened to be released same day as Amarin 3. Q report").
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Answer to the 'Nothing Burger' from Amarin (talking REAL news) - WS and the market gave today - bringing the SP to lowest since before R-I 2018.
sts@ T
Lrich@ I do respect your insight here - and arguments (smart management could have done a lot better) !
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I remember most of your points - and we actually don't disagree that much - I sure would have wished JT and BOD have done better.
I did made a post at a point 'arguing' that there was newer a 'way out' for investors after the +$20 period late 2019 - the SP simply 'slide' back continuously from there - in fact all the way until today (exception +$7 before appeal - but not really a way out - even one of my sons left at that point - good for him today).
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As I said 'I do understand your points' for sure. So it in the end more 'don't waist your time over spilled milk' way of thinking I admit.
We have to look forward like it or not (there's no going back). And how I read it JT is not going anywhere 'by himself' (or by way of BOD) - so we might as well get used to it - and try to influence the direction of company with that 'as a Given'.
Its simply a waist of time and energy - to keep looking/digging in faults of the past. Goes for every investing strategy - and also for this - until now for me 'disaster of an investment' - measuring it today' :)
Atb
Jasbg
Lrich@ It's been 7 months - since Marts 30 2020 ruling. Before that everything was Sunshine :)
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If you think this is hard I have a near friend who has to (in the next 5 days) kill 4.000 Mink (that has developed a different strain of Covid-19 (so the health authorities says). We are talking 7- 8 cases of Covid-19 (no one died) 'but experts "think" it is a new strain.
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This resulting in 'that a complete profession - that has developed over 80- 100 years - with thousand of Employee's - is laid dead (in a few days) 17.000.000 Mink has to be destroyed (costing billions in loss for the farmers) that is partly compensated. All connected industries 'dead over night'.
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Compared to this - a tragedy for people involved (grown men crying on Television have been shown all day in our small country) - problems for AMRN investors' - with 'an investment gone bad' (hopefully temporarily) - does seem something to overcome :)
Lrich@ It's been 7 months - since Marts 30 2020 ruling. Before that everything was Sunshine :)
Downtown@ It was actually Kiwi blocking me' - for the record !
But seems he might get his Sleepy friend in office (God help Us all) :)
Link to todays Podcast (if already brought here no harm done):
https://www.webcaster4.com/Webcast/ListenPage?companyId=2037&webcastId=38230
Lrich@ I'm trying - deliberately - to be positive in evaluating movements of JT and Amarin.
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But at the same time I do see your points for sure - and do want to Screem - at a development of SP like today (what happens every time there in 'Information's from Amarin).
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And Hikma announce - "by coincidence announce launching" - the day of Amarins Q3 - not a chance - they quite obviously enjoy this !
Lrich@ The strategy is - GIA in Europe. Me and many others have been against that' - But that IS THE STRATEGY.
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3- 5 years from now - future might show 'It was the right Strategy' - also for Shareholders - only time can tell.
JT is the biggest shareholder of all (private persons) - and you can read development backswords - 'he must feel and want to Prove' that this company has the potential to 'bee BIG' - make Shareholders Real Money - or he would have thrown in the towel - already - given the massive critic he's had to endure since loss in patent trial - some 7 months ago (feels like years - right) :)
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I suppose going after/slowing down Generic's every way possible (for infringement - whatever) is part of keeping US Branded market alive - long as possible.
Jasbg
Downtown - Lrich@ The short answer is. Downfall of Amarin is 99% related to Nevada Ruling Marts 30. Had that been a Win SP today would have been $35- 50.
Company did everything possible 'to repair' on the disaster ruling (hiring Singer etc.) - but everything failed up until now 'in restoring the 6 destroyed Patens' - this is 'todays reality'
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We all have a lot of plans for life' - if you suddenly get cancer (or even worse - your child gets cancer) everything chances - you have to adapt to this completely unexpected situation.
This is where Amarin are 'as a company right now - 'hit by a very bad generic cancer' - where to go from here ?
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And giving it some thought - I can accept what JT and Amarin is doing (would have preferred a $20- 25 BO tomorrow) - but given 'that is not going to happen' - I'm reasonable pleased with 3rd Quarter Report - and prospects of the future.
Jasbg
Downtown@ Your right - the worst is often the uncertainty - also for investors.
I actually liked 85% of the report from JT and Amarin today.
The money situation looks very good for the company - IMPORTANT always.
Company have decided to 'ignore' generic start in US - and keep strategy for promoting Vascepa - full speed - course this is were the company 'makes money' right now. The rezoning does make sense.
GIA in Europe is HOW IT'SGOING TO BEE - end of story.
All in all a sensible report from Amarin - and I think when It sinks in - we will actually see the SP rise over the next month - nice and easy - could turn higher at the end already today.
Certainty is better - than the ever guessing.
Jasbg
cbb@ I think we just might as well 'Drop spending time the arguments On BO - for now (I have supported your views - when I were depressed about development - a number of times - latest here today).
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As I stated elsewhere a couple of days ago: "BO is simply not going to happen" - and today's statement from JT - also 'Once and for All for now - makes it clear GIA in Europe - is HOW IT'S GOING TO BEE - so fighting against it - is simply waist of time and energy for everybody - end of story.
JT from today on Europe:
mrmain@ INVESTOR RELATIONS / AMARIN REPORTS THIRD QUARTER 2020 FINANCIAL RESULTS AND PROVIDES BUSINESS UPDATE
https://investor.amarincorp.com/news-releases/news-release-details/amarin-reports-third-quarter-2020-financial-results-and-provides
I haven't found a link to 'Broadcast version' - but text says there should be one shortly.
Anyone has a link to discussion from earlier today ?
isaeed@ You read my post 'completely wrong' if you saw it as optimistic.
We are at a Absolut 'LOW Point' for Amarin. In 2019 they finally Got There' - and then throw's it all away - less than 4 months later (because of Kennedys comfort - shorter travel to 9th Circuit).
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You read the post's wrong. What we are saying is that Jt and BOD - 'have to move aside' - they have lost 100% - and needs to 'hand over/sell' to BP who has the power to move Vascepa to the market rest off the World - fast as possible.
As cbb has said over and over - Only BP can do that - Amarin is 'Stock' - has run out of options. But Of Course Vascepa still holds some value for EU and China - but for how long ?
US Is Lost for Amarin - BP might be able to 'save some of the pieces - going AG - at a point when Brand version dies.
cbb@ I think we are at a point where a BP Buy Out - is not only 'our best hope'. After Hikma now has announced its Launce of GV in USA - IT IS more like OUR ONLY HOPE.
GIA in Europe will simply drain the Company for money (Europe is a jungle of different languages and regulations - even more so than US).
Only problem is - that Amarin seem more focused on passing Form 4's than taking the 'Right forward looking decisions' for the future of the Company and shareholders.
But as things look now' for US Market - JT and management must realize 'that the ship for branded success of Vascepa in USA - is Sailing - something has to happen - and 'happen soon'
And as you have pointed out again' - and again' - the only Real Solution - is to Sell the Company NOW to BP. It should have been done long ago - but 'crying over spilled milk' - is a waste of time.
Time for JT and management to show 'what they are made off'.
BB@ We are already in the water - have missed two Lifeboats - and are sinking (Hikma Launch) - and you are talking about the 'Next Law Cruise'
Have to admire your spirit/optimism for sure :)
sts@ The biggest mistake 'JT makes in his life' - to accept 9th Circuit.
Amarin has newer given an explanation Why' - so the common guess that it was all about the comfort of Kennedy stands - until someone from Amarin explains otherwise.
A total Disaster for this Company that cost shareholders +6 billion dollars - SP down to $4 after Marts ruling - would have gone 'easy' to $20 on a WIN (400 mill shares x 16= 6.4 billion)
Actually - Summing Up the Law Process that killed Amarin (moved +6 billion dollar in the market - Marts 30 ruling).
Looking back at events - think this io-io poster (likely a Judge) might have been right all along.
What he was saying was - that the number of 'direct contacts of Law people' to Judge Du of Nevada (he called it 'Vicious Attacks' on the Judge) would in itself' ensure 'No Chance at Appeal' - there by implying that 'Just like that Military people at war 'will always 'stand by' their own - as far as possible - the same solidarity exist between Judges.
Winning appeal - would not have been likely anyway - but the way that Dyke - just through Amarin (and Singer) under the buss - company newer stood a chance. And given that Judges (and the Courts are Immune / cant be touched) - this is a God-Like institution - where common sense and arguments - after a ruling is 100% without influence - which the SP tells us every day.
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All the great efforts of iHub Board - the best most pro. people working to make the Amicus Brief - and these CAFC Gods (on their high horses) just send a message 'DENIED' !
And a few weeks later the complete En Banc 'DENIED' - it does make you - as a normally Law Abiding Citizen - want to CALL THE GODS - to send Lighting's on this institution - to Make them understand how misuse of power (and the arrogance) of their Closed Brotherhood seemingly not caring about 'real' justice at all' - feels to ordinary men and woman being affected by their Rulings.
Jasbg
That this is a rotten Year - and even more for AMRN shareholders - has just 'Again - Again - been proved.
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En banc - is a general Joke in Law - giving the losers the impression - they still have a chance - a Joke simply. And CAFC wait 'weeks to' announce deneil - just to 'further damage Amarin'.
Looking from abroad US Justice system is - a deeply political infiltrated - Lobby controlled (meaning money controlled) - layer of power - that is destroying 'real progress' in so many ways in America.
All in all a very sad and depressing experience - for thousands of serious investors in the market (some who has been completely ruined - by the little lady Judge in Nevada).
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Amarin is a 'one drug' company that has been through a 'marathon process of getting their product acknowledged' - and when they (after 25 years of research) - are Finally There - this 'little 'non science educated' Judge (fooled by 'direct freud' evidence presented by pro' bloodhound Lawyers from Hikma) - in a moment destroyed decades of hard work of a small company - in one blindfolded deeply political ruling.
And to put 'salt in the wounds' of suffering Amarin investors - I see now again a lot of talk about Form 4 - bonuses at Amarin. I sure hope this is not a repetition of last time (pis**** on shareholders) - If so this company is on the way down the tubes - and rightfully so.
Jasbg