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I like those ultra heavy ones that you're never supposed to wash with soap.
My wife got one of those and it weighs like 50 pounds. I have to tolerate listening to all this BS about how much better it fries stuff (nonsense), but you could knock out a polar bear with that thing.
My step by step mailing instructions were accurate, in any case…
Yes that was the final nail in the coffin
If you can get 49.5% by just saying "I'll do x" -- you know you can roll these guys
If there were an IQ threshold for right to vote, the final total would be like 100 votes.
I had to look up Louie Dejoy.
You can get the vote right a number of ways, but actually reading the materials helps. Being stupid, getting angry, and forgetting you know how to read is a bad strategy.
You are voting FOR Sarissa proposals (voting FOR on the BLUE card). You COULD vote AGAINST Amarin board recommendations on the white card, but if you have a two-digit IQ and have forgotten how to read, forget that. Here are steps for you if you are mailing in your votes:
1) Get the white card into your hand
2) Throw the white card into the garbage
3) Get the BLUE card into your hand
4) Vote FOR all of the Sarissa recommendations
5) Put the BLUE card into the pre-paid postage envelope
6) Close and seal the envelope
7) Do NOT put a stamp on the envelope, because postage is pre-paid
8) Put the envelope in your mailbox
9) Put the FLAG up on your mailbox to let Louie Dejoy know you have outgoing mail
10) Hit yourself over the head with a frying pan and go back to sleep
Hope this helps
It's supposed to come in the mail. Soon.
Listen, somehow Sarissa got very nearly 50% of shareholders voting to ABSTAIN last time just by saying "Sarissa is going to vote to abstain to send a message".
If this effort can't get us over 50%, it's time to just give up on the human race.
Minority representation is worthless anyhow. Have you seen how Congress works? One vote short and you’re the other party’s bitch for 2 years.
Dude without this intervention we are on a straight, slow line to $0
This literally the easiest decision for a shareholder to make EVER
You'd literally have to have brain damage not to vote the BLUE card
AMRN is the ultimate executive compensation extraction vehicle.
It has significant cash flow, and ample justifications for doling it out in the context of "building out the business". Management can pay themselves handsomely over an extended period of time, loaded with excuses for sideways performance, while the company's limited runway is frittered away.
They're not hiding anything from us. They're executing a hopeless strategy right in front of our eyes while getting laid like sailors on shore leave. They may even really believe they are "doing the right thing".
In the end it doesn't matter. This isn't their company. It's OURS.
I honestly don't know
People who escape this vortex of horror are ill advised to return
So we’re getting stuff in the mail. Good.
None of existing board or management holds anywhere near that number of shares.
They think they have some magical entitlement to their roosts independent of any consideration of shareholder value.
This vote doesn’t have to be emotional
Management thinks there is a viable GIA path. They’re wrong.
It’s time for the suffering to end, and for Vascepa to move into hands that can sell it effectively.
I'm sure AMRN are counting on shareholder administrative incompetence to survive this vote.
They don't care if shareholders support them -- they just don't want shareholders to organize well enough to stop them from turning this company into an executive compensation wasting trust.
Everybody will need to be extremely careful to vote their shares properly!
To undertake this strategy Amarin needs a well funded initiative to get bought out by a cash rich BP.
That is exactly correct.
The only thing an American company can get out of China is cheap labor and poorly-made products. They'll just steal the product and laugh at any patents or exclusivity.
Looks like the market factored in the additional 25 monthly scripts this represents and reacted accordingly.
The people don't matter. It's the strategy. GIA is a long painful death sentence. That's it.
I will never to this day understand why you would pick that circuit for the trial.
We would have had better odds of success in a court in Shanghai.
And likely to remain in the mud until another catalyst arises.
The Denner catalyst is done for now -- the next version of it is when a vote takes place at the special shareholder meeting.
It might be possible to say that no management team could really make GIA work at this point, and I guess that would lessen the blame one might put on them.
But in the end that doesn't even make a difference. If it's true that current management is fine but that no management team could make GIA work, it comes to the same thing. GIA is a failed strategy, and it needs to change.
And the only way to change it is Denner.
This whole thing doesn't really have to involve any venom towards current management. Their approach isn't any different from any other group of self-serving corporate executives.
It's like a coach cutting players who don't perform. It's a business decision. The malice doesn't add anything.
When a team like AMRN sucks this bad for this long, you have to clean house.
This is the last shot
If AMRN management get their leg out of this trap, it's over. The animal escapes into the woods and is gone.
Then you're looking at years of them frittering away eroding cash flow on administrative dithering and self enrichment.
If Denner can't get this thing sold, it turns into a wasting trust. Period.
This is hugely oversimplified, but this is essentially what the issue is:
Under GIA, fixed expenses are just too high relative to a single-drug portfolio, and the company's ability to grow revenues just can't compare with the muscle of a Big Pharma company. Neither approach can do anything about the Euro exclusivity cliff.
Big Pharma won't pay the $10 shown discounting future profits at a 7% WACC. They'll want at least 10%. If you put that in instead of 7%, you get a share price of about $8. That's as much as any Big Pharma will likely pay (unless something radically changes the expected revenue path).
Well, it's more like $1bn in revenue at a 2x multiple
I didn't say I was ok at $5, although when you add in getting liberated from this nightmare, well... it's not so bad.
All I was saying was there are plenty of hot money types out there with a WAC of $1.50 or less who are salivating over the idea of $5.
It all depends on your entry price JRoon -- any speculators who got fire sale entry prices would see $5 as a home run.
And the idea that Denner would NEVER sell at $5. Not true. This isn't some kind of pride contest. Sometimes good fund management means getting good salvage exits on your mistakes.
Expect AMRN management and its board to use all available legal obstacles and diversions to prevent any intrusion on its ongoing effort to turn every last cent of future free cash flow into executive compensation.
AMRN has a plan to slowly march your share value to $0 while your face is pressed against the glace face of its corporate bubble.
Anybody who has worked inside a public corporation knows that the management of the corporation cares only about one thing -- their own careers and their own compensation.
Everything else is for show. Companies where management has a big stock-based incentive are better, generally, at doing well for shareholders only because management itself benefits from share value increases.
Corporations suck. Their management usually sucks. They go to the public markets to get capital for their own purposes, and then the second after they have the capital, shareholders are Enemy #1 because they interfere with management's cushy life. Management always hates shareholders -- they see them as annoying rabble.
I guarantee you current AMRN management feel ZERO responsibility for the horrible ride shareholders have been through. They see this company as their own personal vehicle for wealth and success, starting from the very bottom in value. Believe me, they would do a reverse split, dilute the beejeezus out of all of us, reload themselves with tons of cheap equity, and then act as if it were a miracle if some revert-to-the-mean increase in share price got them all rich with no real benefit for us. They could care less about us.
The only counterexample I can think of to this is where a charismatic entrepreneur took a private company to stardom. The entrepreneur sometimes remembers where they came from, and the role that going public had in their own success. Once that entrepreneur moves on and the company falls into the hands of normal corporate management -- that new management hates shareholders.
I did
You have plenty of company in being a late 2018 idiot.
“Don’t fall in love with a stock.” Ugh.
Anything is possible. But you can only sink so many half-court shots.
$2 is better than $1. $5 would be better than $2. $10 is the stuff of dreams.
All the “maybes” now are pipe dreams compared to REDUCE-IT.
You’re entitled to your opinion
Oh, and by the way, 26 more trading days just like today and we'll be over $26 (again).
MRM knows everything. EVERYTHING.
He's been adding steadily at super cheap levels with freakish confidence that somehow those levels had to be cheap.
And now we're back over $2. Which only seems great if you forget that in the summer of 2019 we were at $26.
Could someone please just buy this thing? I don't care what the price is. I need to be liberated from this turd!
It doesn’t matter what happens in China when. Nobody makes money in China. The Chinese just take your stuff and laugh at you. (Unless you’re a Biden…)
If PFE buys AMRN, I will declare every day of the week Marzan Day!
ROFL
You got that right!
No more buying for me
Watching and waiting
ROFL
This is ridiculous.
This company is not worth $15 per share post-patent-disaster.
UNLESS lightning strikes on another indication. Which is unlikely. Not impossible, but unlikely.