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Shareholders need to get John Thero off the board (I'm NOT a shareholder and I'm not a short either) the guy is a crook and hes cancer.
I'm not in a hurry to come back in any case. JT left a big hole to dig out from... if the new CEO immediately launches an authorized generic with TEVA I'll reconsider.
I'll mostly stick to making money via selling covered calls on MARA in any case... the stock is unstable as hell but I'm up on it and the covered call premiums are around 20% on calls a good amount out of the money in 45 days.
Was the stupid SOB forced out or did he quit...
If he "resigned" under threat of firing maybe there is some hope for the future.
If he just quit this is going to remain the same old disaster it always was.
One thing to watch will be if the new guy fires Kennedy.
Bought back the naked short calls I sold when it was above 7...
Selling this stock above 7 (or any bearish play) is free money and AMRN owes me a lot of money. JT will always be a f***up. Its unbelievable that hes been allowed to stay on as CEO still.
He will not make any money in Europe either.
It wasn't ignorance it was ideology...
Her party believes in free shit especially with medicine and doesn't consider economics.
It was paying off like 8% a month on AMRN...
Thats why I wished they dragged out the appeal I had planned to make some of my money back and be out of the stock by January when the appeal ruling was supposed to have come down... but no they made it abundantly clear they were going to f*** the company and did it the very next day.
1) Amarin didn't kickup to lobbyists.
2) The judges are mostly from the political party of Du..
I think the fix is in...
Lol I made money selling calls...
Nah I was selling calls not buying them but the quick resolution caused me a quick drop again (covered calls) and made it not worth it to hold the stock to sell covered calls anymore... luckily draftkings has a similarly good premium on covered calls.
I don't hate the whole world but I do greatly hate the management here...
Are we done with the Amicus now...
Can we focus on suing the board and the management...
That should be what the money is used for anyway not these exercises in futility...
Raf I'm asking if they signed an agreement.
If not the 1st amendment protects their right as a corporate person to tell the truth. And that is the right to tell the truth to anyone not just doctors.
The 1st amendment says nothing about whether the person you are speaking to has academic or professional credentials the 1st amendment protects your right to tell non-fraudulent information and that is the right they won in the case.
Unless Amarin was stupid enough to sign a settlement with the FDA where they agreed to restrict themselves to marketing to doctors only... which if so is yet another reason the management should be fired.
Some people are betting on the longshot of En Banc being granted and the verdict being overturned...
Could it happen... sure and you could hit the mega millions too.
Okay Jeb.
They have a supplier advantage and could do a deal with say Teva for an AG now and probably keep most of the US market money forever with Teva getting a big cut and the other generics staying away... But the supplier advantage will not last forever.
But JT is of course too stupid to do this that is if he is not waiting to take the company private to do the smart thing.
Filing in the 9th unforgivable...
They should have filed in the South would have almost been guaranteed a conservative Republican judge.
You sound like you would make a much much much better CEO than JT.
Do you know anyone who isn't retired... even if it's a longshot.
It just was not apparent that this management was as bad as it was until mid last year at the earliest... they were clearly not brilliant because they were making mistakes in the marketing process from early on but it wasn't clear right away.
Yes exactly... Wall Street hates both Thero and the criminal board that won't fire him. They don't think the stock is worth anything with him there.
Louie you work for the Federal Government in some capacity right?
Do you know anyone in the FBI or DOJ... be good if you suggested they start looking into the management of this company...
Hudsucker proxying is a criminal matter not civil and the pattern of their decisions and total lack of accountability might justify an investigation.
Marjac in your last emails you thought some of my theories had some merit but you were wondering if there was any way to generate necessary evidence...
I have responded with some ideas... would like to know what you think.
Bullshit! That isn't what the 1st amendment means. The ruling was the 1st amendment protects your right to tell the truth.
My original statement was that sales reps were a stupid idea.
You said they were needed to educate doctors.
I sarcastically asked how that was working out (its not Vascepa is still widely unknown, another of Thero's failures).
So there is no contradiction and you are bad at arguments too like AMRN's lawyers... bad lawyerspeak arguments that don't hold up and bad sales ideas...
You could be the WHOLE amarin management...
Selling the company for cheap won't save the boards assets from a lawsuit...
Nothing in what I said contradicts my original statement.
If they can't take it private of course they are, they've already Hudsuckered the company down. If not a criminal conspiracy to take it private a criminal conspiracy to sell it cheap for under the table money.
"Reps still needed for doctor education!"
Yeah hows that working out. You seem to advocate spending money on what continously has not been working... Have you considered applying for a position in AMRN management. Its nice work if you can get it no matter how much of a failure you are you won't be fired.
I didn't suggest no marketing I suggested direct to consumer marketing using the 1st amendment win.
Sales reps were always a stupid idea... I mean unless you wanted to make the companies financials look bad because you were Hudsuckering the stock.
The company should have gone 1st amendment direct to consumer on day one after Reduce-IT.
If mere stupidity/incompetence they would at least fire Kennedy for losing the case. If they are a criminal conspiracy they could not do that.
That this is a Hudsucker Proxy plan to take it private (salvaging the US market with an AG deal that they should do NOW rather than later) fits the facts the best.
The CEO and management is not on our team...
Why would he be, not a single one of them has bought a single share on the open market since Reduce-IT results.
He still has a job and Kennedy still has a job, nobody is accountable whatsoever which looks bad when the lawsuit inevitably comes.
Looks like a criminal conspiracy.
Criminal investigation...
If anyone here knows anyone in the FBI/DOJ they might suggest looking into this management since there is very good reason to believe they are a criminal enterprise and Federal cases are supposed to be hell... someone will crack and rat the others out and others are not actively totally involved but know certain things.
The good thing is if they are found to be criminals and to have deliberately botched the patent case THEN we have grounds to file a new patent suit on the grounds that the corrupt previous management intentionally lost the case.
If a corrupt FBI agent can open an investigation based on doctored evidence (that he knew was doctored and came from John Brennan's CIA) into the President of the United States for something that he never did and that there was never any real evidence for certainly any Fed can put this management (which we have every reason to believe is corrupt) through the ringer.
This is the main thing that pisses me off...
I wish the appeal could have gone on forever but they got an early ruling... I was making my fortune back in covered calls.
Wall street thinks JT is another Bernie Madoff and they are right. That's why its value is so low.
I've not been passive on this... but prefer to work through Marjac unless he takes too damn long with this Amicus bullshit.
I've alerted Lars on the BOD that I'm onto the scheme (its btw entirely possible that one board member ISN'T in on it).
I'm harping on it because I think its true. Also because getting the theory out there loudly makes it less likely they'll be able to do it or get away with it. I'm harping on it because I hope they all die broke and in prison for stealing my money and yours.
And no I don't think mere incompetence is more likely for the reason I've said, if merely incompetent they would designate a scapegoat and promise to try to do better. If a conspiracy they can't do that. So lets look at their reaction to this nobody is fired, the only thing that is said is we are going to GIA in Europe in a speech from JT that is worse than usual. There is no apparent change in strategy at all, there is no deal for an authorized generic.
The BOD would have to be in on it (they are only 5 people one of whom is Thero) but you don't need Covington or Singer in on it just Kennedy giving them shitty instructions on how to conduct the trial... even if Kennedy told them everything they would (I think) be covered by Attorney-Client privilege.
So you only really need 6 people (Thero and Kennedy included) and probably an outside finance partner.