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raist - golden@ Ok - you share the idea then :)
goldenf@ Raist actually raised the 'Going Privat' thoughts yesterday.
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Have to say that I dont for a minute believe in 'the Privat' idea.
What er are experiencing is a very bad combination af 'Bad Luck' in patent case - and Poor management - end of story.
No way this management would get banks to finance going privat at this point IMO
cbb@ As usual a lot of strong points for BO by BP.
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Problem is that Amarin management seemed to have completely caved.
There are more thoughts and 'Will to Move On' - on this board every two hours - than you at any point have heard from Amarin ever since R-I.
Endless 'Delay's - Waiting - Waiting - Waiting' - slowly killing the SP more for every months that has past.
I hate to admit it - but dmiller does seem to be shown right' - SP steady moving against $3 - 'Dead Money' - loosing value all the time.
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Something has to happen soon - and the most likely senarie right now - with the SP this low - will actually be a hostile takeover.
Maybe in fact it has in reality already happened' - Who bought the 360 million shares the 3 days following 3/30 ruling - at $4.20 average - GS ?
BB - Cir@ I've argued against it earlier - trying to reach out to Scotus and the WH.
But with the total paralyzed management of Amarin (we have to think - no info of any Action) - we are reaching a point (SP completely collapsing) where there is 'nothing to loose' using any way possible to change the hopeless situation.
What is a known fact is that Scotus have been at war with 9th Circuit all through his 1st period. So center of 'hope of getting through' to WH is the fact that the downfall is caused by 9th Circuit ruling - totally destroying a small innovative company - that has developed a drug that can help 100 of millions of CDV patients WW.
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Now have a look at this video - about 8 minutes in Dr. Zelenko explains HOW he got WH to react. He did not just 'send a mail' - 'or a tweet' ?
zman@ Remember seeing post bu Lizzy - not as easy as you might think to go after management of a company with the Law:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158435777
HK@ I support you and the rest of us 'funders' of Amicus 100% - which I have put in a number of direct posts on the subject.
God give that you Succeed - as It would be a 100% true and just way 'to make right' on this Law process gone completely wrong.
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At the same time you would expect a 'very bad hurt' still' billion dollar company - to prepare for 'reality' - which is what that most debate here is about this moment.
No surprise many posters express a very despairing and bitter mood against Amarin right now - mainly because of Lack of Action - after patent case is 99% certain lost.
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But surely 'if there is a God' - there will be an En banc - and iHub Amicus brief will be the deciding factor - of a reversal - patents restored.
Jasbg
TTF@ Everybody is 'broke' or close' here - so your in god company :)
cbb - postes@ A Hostile takeover in becoming more an more 'a real threat/chance' - which ever way you look at it - with the SP ever falling.
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Retailers in fact now ovn some 58% of company - maybe we should make a fund raising and buy the rest. New management (iHub posters) - deal with Teva to sell AG worldwide.
SP +100 in 2 years (just had a minor stroke there) :)
Will@ It is depressing right now - not only that SP slips (close to pre R-I) but mostly because every confidence in management of Amarin is gone.
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If you were ever in the Army - first thing you learn is 'to adapt to new reality' - if you want to survive.
No different in business. So patent case went bad - appeal 'in realety' closed that chapter.
So now Amarin ADAPT - not next month or next week - NOW. You have a new unexpected situation - what's the options?
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cbb - says Contact Investment Bank (hopefully has been done months ago - plan B) - and set Full Sails - against the best possible BO (possible over 2 - year period). New CEO - BOD is needed - NOW - for WS (market) to believe in real change and future succes of Amarin.
A thought just came to mind (I know it's water under the bridge now but stil would like to hear if anyone can guess on this).
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Sometime in 2019 Hikma and Dr.Reddy must have applied for the Anda on generic Vascepa at FDA.
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What would have happened if Amarin had just ignored that all together'?
(Hindsight I know) - but the FDA would not have been able to destroy patents - so how would FDA be able to allow H and R to go ahead ?
(Point: 'It was Amarin that sued H and R - not the other way around).
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It sure would be nice with a time machine here - with all the bad (destroying) decisions being made 'not only by opponents' but by Amarin itself (9th circuit the worst).
cbb@ No way around that this is a depressing time for Amarin Shareholders.
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For all the good intentions it is hard to se the justice system (who already gave us 'the finger twice') should turn around and accept an En blanc hearing.
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So what is there to hope for now' - that can get things back on track for Amarin ?
If Europe is GOI (as the official direction is right now) as Will says WS - couldn't care less about this company - which the current SP reflects all to well.
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What is hard to understand is why JT and Amarin - seem to be complete paralyzed - not reacting at all 'to the total collapse of SP'.
What are they waiting for - En blanc ?
With the chance of succes in EB close to zero - why are Management not 'all over Bio press - signaling 'ACTION - Decisions to better SP - and future of company - on the way very soon ?
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I'm 100% on your 'BO Now' team !
And it is true that JT has this One Chance to leave this ship - still being head of decisions - BUT ONLY IF BO (or a Close Partner Deal - with prearranged full BO deal in 2 - 3 years).
No matter what JT's his days as CEO of Amarin is about to end.
His choice is 'if he will se SP collapse even further - taking the company back to SP before R-I (it's already very close) - or he will actually try to finish with 'Signing the Deal' - that could/can make company recover back on track before he steps down.
It is a dreamworld (a very bad dream) - and 99% no En blanc.
But a number of posters have decided to 'take up the fight anyway' because it is the 'right and honest' thing to do - and maybe (hopefully) something in the end will come out of it.
What you can be sure of is' - that nothing about the huge injustice here - will ever change if everybody just leans back - and does nothing .
The story of iHub Amicus brief is out also on Yahoo.
In quote below an interesting viewpoint about role of judge Du - that maybe not all here will like - but it just might be the right interpretation - and could actually strengthen chance of succes for En blanc:
Thanks to Warren:
warren 10 hours ago
The BEAUTY of what SHAREHOLDERS are doing with the Marjac Amicus Brief to be presented for EN Banc review is that it gives JUDGE DU a TOTAL OUT!!! It wasn’t her fault that information that was submitted to her and that she RELIED UPON and based her decision on was FRUADULANT!!! This gives her TOTAL COVER!!! My only problem is why was this not caught by Amarin lawyers??? Can shareholders sue Covington for legal malpractice???
BB@ Thanks - and keep it UP. Impressive the speed of raising expenses for brief :)
If the story of US justice system - 9th Circuit (because of 'faude' of generic defenders) - 'killing a small bio company that 'through sweat and tears' have developed the most important drug for decades, should have a chance of being brought to the forefront of US media - I can think of only on person that would maybe do that. Tucker Carlson on Fox News.
So for the big collective job of the iHub AMRN Amicus brief - shall not be wasted (if En blanc fails) - then it would be worth trying to contact Fox and Tucker eg. via twitter. He just might find it interesting.
Jasbg
PS: For non Law people - what is an Amacus brief - Wiki:
https://en.wikipedia.org/wiki/Amicus_curiae
We believed 98% in winn in org. patent case. 50 - 60% in appeal
Wont try to put percentage on En banc - other than 'given how the Gods have treated us this far' we deserve some luck on this.
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Also I will tip my hat to the big number of engaged and educated specialists on this board 'working together' building the Amicus brief to something that surely will inspire others in the future
No matter how this ends - no one will ever doubt you gave 'it all you have' to make it as strong as possible.
Thanks - and lets pray for succes.
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For non Law people there is a fairly god explanation on - what is En banc on Wiki:
https://en.wikipedia.org/wiki/En_banc
Jasbg
marjac@ Thanks for clearing that up - finally something 'that was not a drama'. Nice for a change :)
What I would ideally se happen 'is John Thero - CEO of Amarin - picking up the phone and call up Teva boss Kåre Shultz'.
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"You will have probably heard that we at Amarin have ended up loosing in court to Hikma and Dr. Reddy - loosing our org. label Marine (pure triglyceride treatment) from 2012.
"This in an unexpected new situation for us - that we have to adjust to fast as possible".
"Given this potential generic competition - we at Amarin need to change strategy 'NOW' - to pick up the fight 'while we are still ahead in production and supply".
"We need a partner like Teva to 'get into the market 'Full Speed' in both US - EU, and Asia".
"Lets talk Business - and inform the market - soon as possible - to Get Things Moving" !
sts@ Glad to see your up and fighting - and not wasting your time on 'searching for none existing conflicts' :)
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Have to ask you - It was you that told a story of a fight 'using the law to to remove an incompetent management of a company - that ended all bad - was it not ? In the end the company vent Bankrupt 'everything lost for shareholders ?
Jasbg
Ps - Noticed your problems with internet and techniques related to that - Chromecast etc. It's one thing 'your wife maybe don't want to cook for you every day' - but these technical problems can actually kill you :)
Look how elegantly KS - avoids being involved in the political war on HCQ:
About 3.20 minutes into video - interviewer lays out a potential trap for him - but he is prepared - and stears through - without scars on neither him or Teva.
raist@ Input from yesterday (deleted).
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Action is needed and fast. cbb which you know is 100% all in for full BO (BP bringing Vascepa to the World) - does today indicate that something 'might' be moving at Amarin.
Everyone as things are - naturally hope he's right - but' but' but' !
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I would say that everyone with 'connections' to Tutes - BP - whom ever in BIO - should use their utmost to 'keep things moving' here to 'save Vascepa and Amarin. If you saw Teva CEO - you will know what is needed for that kind of pressure.
I do really enjoy the fact that Kåre Shultz take on US Justice department - that's a CEO.
raist@ I'm rather old and by nature 'a loyal person' also in business.
What made me loose trust in JT and Amarin was the Sickening Form 4 bonuses 2020 - AFTER the devastating loss in Nevada patent trial.
A VIOLENT SLAPP in the face of - 'the Share Holders' John Thero newer forget to mention in his presentations.
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And I agree with you on not 'loosing track' of the ball here. Over the next few weeks - attempts of the brave Law people will most likely (with the luck AMRN have had so far) be shot down - and we are back to reality - paralyzed Amarin management - and $4 SP.
We can hope for cbb - BO/Partnership being on the table - but fact is 'there is no real proof to that - not even rumors as for right now.
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I have to agree with raist - keeping maximum pressure on Amarin (if they are not in the midst of negotiating a BO or Partnership-deal - if so - somehow signal to shareholders - for peace).
Assuming nothing is happening (which would be everything as usual with Amarin) - I'm with raist - that Amarin need new CEO - better today than tomorrow - to lead the company into the future.
Jasbg
sts@ I 100% take that back - and apologize to you !
I quite obviously misunderstood everything you stand for - my mistake.
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Actually I thought you would find it funny (the demokrat comment) but understand now YOU Don't - so again My fault.
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To defend myself a little bit You do use sometime a harsh tone yourself - Calling Europeans Idiots - for burning down their forests (which is not at all what is happening). The areas of forests in Europe actually increased a lot over the last 20 years.
But that aside - didn't intend to offend you. I take notice you're an Independent Atheist which I respect fully.
ATB
Jasbg
irishp@ I 100% agrees with you' - this is as bad as it gets 'in faults of Law system' - and the efforts of marjac - north - eight - to Fight This horrible Injustice I support 100%.
All I'm saying - is the tactic of using Social media to 'pressure the Judges being mislead - doing a terrible job' - will not work IMO in this context/instance.
irishp@ What you are saying is' - Lets sensationalize this story of US justice system being fooled by 'simple fraude' by Hikma.
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Have to be honest - I don't think it will work. There is between 5- and 6.000 patent law cases every year in USA. Many of them resembles Amarins case against Hikma - Dr. Reddy. A story like this 'is everyday news in Gods own country'.
Had it been related to Politics - some sex skandale (Mee Too) you would have stood a chance maybe - but a small Bio company loosing a patent case - will not be headlines on CNN or Fox News.
Talking about non informative information - on the brink of bewildering:
https://www.rxlist.com/vascepa_vs_lovaza/drugs-condition.htm
Did anybody get any wiser ? :)
Can we maybe sue Bezos for a couple of billions for fraude here :)
Notice in screendump what happens if you write 'Vascepa' in search area. And no matter what option you pick - you get to the same selection of fish oils.
If we won Bezos would have to hire only 95.000 instead of 100.000 new employees this month - and cancel a couple of thousand new vans :)
vtem@ A sharp input and very interesting your take on sales. And I absolutely agree you would go a long way with 10 experts in social media advertising - and direct communicating with users potential new customers that way.
A bit unclear - would you keep the 800 sales force in US - reduce/minimise/whatever ?
north@ Thanks north - That sound fantastic - with your experience trust it's done best and most pro way possible.
We just have to hope that US law systems - will 'Wake UP' up at last, and realize that big mistakes have bin made in this law process.
Jasbg
Will@ Did you see cbb post just a short while ago. He has a source in place - and it seems that there might be BO / Partner talks going on !
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Support your idea $50- 100 okay with me as well - but need a place that takes VISA (EU) - so a Crowd Funding site would be perfect.
sts@ This is tough for me - you being a demokrat and all :)
But I do have to say that given yesterday's performance - your right. It was almost hard to listen to - and the complete setting so amateurish (using a notebook camera) for an important presentation CEO of (still) a billion dollar company.
I do 'at long last' realize he simply has to be replaced' for the god of Amarin and shareholders :)
invest@ Thanks for translation - makes a little more useful at this board :)
cbb@ Thanks - as always exciting thoughts/analyses.
You keep your ear to the ground :)
raist@ I see you a already in the process - and marjac might be already setting it up - in his spare time - not walking dogs :)
If is has to happen - it better be fast as possible. And communicated the right way - I think there will be close to full support here - as things stand after lost patent cases and current SP of AMRN.
ATB
Jasbg
raist@ It a tough one - but on you take - it needs to be done' for things to 'go anywhere' for AMRN - options how to pressure Amarin 'to make it happen "of their ovn free will" has to be exploited.
To the geniuses on the board - We need Ideas here ?
How best to Push Amarin to hire a new competent CEO (JT - Kenedy gone) - as fast as possible. No way around it - according to a number of most experienced (involved) posters here ?
raist@ Understand what your saying.
And it there is a way to put new CEO in place (Kenedy gone) I'll vote for it tomorrow.
The question is then 'how to give it' a shot (pressing Amarin to clean out management) - without having to go through the yearlong process of Law trial.
Would it be an option that a Potential partner - could make it a part of a the deal - new CEO (and management/BOD) - as a mandatory requirement for signing a deal ?
It would have to be through getting tutes onboard first maybe.
Raist@ I'm not defending anyone - just trying to evaluate where we are - and what best to do about it.
I also lost in 6 digits(DK) here (12.000 sh - in average around 15).
Know that is nothing compared to a number of people here - to me it is a fortune - so just as eager as anyone to se action moving SP of AMRN north.
raist@ Are you sure ? He's a busy man - who has 6 dogs :)
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What i understand it is the Amicus letters for CAFC 12 judges he is working on.
And he is moving office - hope he's in god health - taking Vascepa :)
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Did you read i think it was sts/ or ccb's story about removing a Management of a company using the Law. It ended in total disaster - the company went Bankrupt.
I'm on fully on the team - BO / Partner for US and Europe. But I do think trying to Push company to act' of free will - is a better solution than having to go through a year long legal process - that might 'kill the company' instead of helping SP recover - is a risky business.
With all the shares that JT and BOD owns - they do have the same interest as the rest of us to se SP recover - much as possible.
JT did seem 'burned out' yesterday. No vision - just 'going through the motions' - very obviously not enjoying himself.
You also wonder why the scene was not more prof setup - with a real camera correct light maybe a little makeup - the right position on the screen instead of just using the built in camera of a notebook.
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Not even one little bit of real news - to feed 'the massive hunger' that is out there with both tutes and retail shareholders.
I do actually find it a bit sad - that what have been a god leader at some point ends up this way being 'not respected' (to put it very polite).
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Where to go from here - for retail investors - nothing yesterday to signal any kind of 'change' - looking for Partners - BO ?
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Supporting marjac attempt fully - but we are talking a long-shot - for chance of succes.
Something MORE has to happen - to PUSH Amarin management out of the bush - and start Acting.
I suggested a board 'War Room' - which didn't seem to catch on.
I was looking for Kaare Schultz (Teva boss) mail address this morning (he happens to be Danish - maybe a mail in Danish would have a chance - to pass through to him - but newer found even a 'general mail address for Teva - so idea stopped there for now :)
Jasbg
marjac@ Acronym - truly is Art - and the Truth - all at once :)
Marjac@ I saw you mentioning legendary Velvet Underground.
Here another number that somehow seems to fit parts of California today.
With maybe the best dual guitar solo ever :)