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Hard to believe your up in UNCY amigo...I picked that up along with RZLT and ARDX when you suggested they might pan out. I've averaged down in UNCY but I'm nowhere near ahead. On the other hand with what I made on the other two I'm ahead so thanks.
I'm in total accord with your take on things. It explains why a lead analyst placed little to no value on ROW before we attempted our foray there. Everyone said he's full of BS but as it turns out he's been right. Do you think it's an exercise in futility getting Germany to reimburse us? Or is there still a possibility. Also could a major Pharma company make money off our drug? My belief is they'd have more sway with the various governments and much better distribution systems. I'm hanging on to the dream that we'll be bought out eventually. Although I've come to believe at best we're only worth $3-5 a share. Which I'd take gleefully right now.
No point in reading the board in the morning. It'll be the usual hard core suspects going off on irrelevant political rants. Thanks Tat mission accomplished!
Gleaned so much from our board today. I know who's going to win the Open, Shane Lowry! Rory misses the cut. Greg Norman is a bitter old man and not good for the PGA. Carry on guys I cherish your personal opinions. Nice to know we only have 109 days to go! Oh I almost forgot what's wrong with AMRN?
Better to support a guy that doesn't know if he's in Sioux Falls or Sioux City. Or thinks the Kansas City Chiefs play in Kansas.
Here's his bio; my take is he's a very bright guy with more than enough tactical experience to fix our company. The PhD is for advanced students that blend their doctorate subject with more than one faculty member often 3/4. That's rather impressive, at least to me.
"Dr. Denner is a founding partner and chief investment officer of Sarissa Capital Management LP, where he has been since 2011. Sarissa Capital Management LP focuses on improving the strategies of companies to enhance shareholder value.
From 2006 to 2011, Dr. Denner served as a senior managing director at Icahn Capital L.P. Prior to that, he served as a portfolio manager at Viking Global Investors and Morgan Stanley Investment Management. Dr. Denner serves on the board of directors of Biogen Inc. and Ironwood Pharmaceuticals, Inc.
In the last five years, Dr. Denner has served as chair of the board of directors of Ariad Pharmaceuticals, Inc. and The Medicines Company, as well as a member of the board of directors of Bioverativ Inc.
Dr. Denner received an S.B. in mechanical engineering from Massachusetts Institute of Technology, an M.S.and M. Phil in mechanical engineering from Yale University, and an interdisciplinary Ph.D., also from Yale University."
It was critical! I hate reverse splits. That's where we were headed if we didn't hold a buck today. BRAVO!
As I said there won't be any announcement regarding the earnings until after we close tomorrow. It's critical we stay above a dollar for 10 straight days. So tomorrow I expect the shorts to try and drive us below a dollar near the close. I have lots of ammo ready to buy the offer to fight the bastards off! You do the same amigo!
I too enjoyed the meteoric rise in VKTX. I wrote some "what I thought were rich" covered calls that knee capped the crazy ride up today. I've been peeling off shares all the way up. I still have a few left. I don't regret how I missed out on the monster payoff today. If I'd had similar success with AMRN I'd have bought a vacation home in Costa Rica. Instead I sit like all of us hoping for a miracle. It's hard to comprehend why China is taking this long to give Edding the go ahead. Hope it has some legitimate value when they finally receive it.
We'll be good when we attain compliance after the close on Thursday. God willing the shorts don't upend that! Then and only then will the fool of a CEO announce the earnings call.
North thanks for the tips. Kiwi I'll check these out. You rocked with ARDX - thanks! I got out of that a bit early but I still have a little. If only I'd done that with AMRN.
Hi North on a sidebar what are your top two or three picks to outperform in the next six months? I've just about quit averaging down in AMRN and need to park some cash. I like long shots that are below $10 - 12 a share and not hitting new highs. Perhaps downtrodden and ignored is what I'm looking for and willing to take a limited risk on. I promise no repercussions if they don't pan out. Thanks!
Right you are...not looking good.
So we need to stay above a buck for ten days, that's close of business Tuesday. Hard to imagine Denner wouldn't place an unlimited buy order at a buck for a day or two to avoid that happening. Then again I was confident he'd never let it slip under a dollar. Boy was I wrong!
That's so sad. Stay strong!
It's all good Johnny! Now ring the nurse and take your max dose of Fluphenazine.
It also takes a reverse split off the table in my opinion.
You were but I explained that our cash flow wouldn't support it back then. I spoke the truth but you insulted me in a juvenile fashion and didn't apologize. Dr. Denner got us here. My opinion is former management never would have. I also believe this takes a reverse split off the table. Your idea was clairvoyant but the timing was completely irrational. You post far too often. Today is a prime example. The vast majority of what you post is of little to no value. I think I speak for the majority of our contributors in saying that. You’ll stay on mute.
A word to the wise. I've been a long time suffering holder of AMRN. They lost their US patent protection. Then the hype about gaining approval in Europe began. It's a long drawn out process. After the drug is approved the real fun begins. The company seeks pricing approval on a country by country basis. Often even with overwhelming positive evidence a country chooses not to reimburse. Then the appeals process begins. Be warned it takes an eternity. I won't delve into the costs of marketing in each country, if and when they gain approval. Good luck!
JRoon I really appreciate the breakdown. I didn't have time to check the balance sheet before I went off to work.
That's a great question! Heck short term T-bills are yielding well over 5%. They should be pulling in over $15 million a year in interest.
Jas you like to conflate politics with our predicament. She wasn't proficient at patent law. I agree. The rest of your reasoning is unverifiable at best. Reality check: if only Kennedy had done his job we wouldn't have been in her court room. If only our legal team had performed as well as members of our board i.e. HK and noticed the cropped table. If only Bhatt's study been presented at trial not months after. If only a better job of cross examination been done by our legal team with their expert to call out his fabrications. If only JT had joined Marjac we'd have had standing to proceed with our appeal. Personally I think we'd have prevailed. Please stop beating this dead horse, it's really tiresome. Better yet write a letter to the judge and point out the flaws in her ruling. I’d urge you to hire a translation company to proof read it. Good luck my Scandinavian friend!
It's a regulatory standard. They'd be notified. Then they'd have to come up with a game plan i.e. a reverse split or pumping the stock back up over a dollar for an extended period. Getting it back over buck for a day resets the clock. It's a whole lot better than a reverse split. Ergo my hope is I'm right and they make it happen. We'll see.
We have 11 trading days to go before the 30 day rule gets triggered and we get notified of a potential delisting. My prediction is Sarissa runs this back over a dollar before that comes to pass.
I heard the Wagner group are predisposed to ultra high trigs and trigger fingers. They'll be lining up to get a prescription. Brilliant thinker you are!
It was uplifting and important to close at a dollar yesterday.
Pumpkin head inherited $413 million and squandered it. His business record is abysmal having filed for bankruptcy six times:
1991:Trump’s Taj Mahal
1992: First of two Atlantic City casinos owned by Donald Trump.
1992: Second of two Atlantic City casinos owned by Donald Trump.
1992: Trump’s Plaza Hotel in New York City
2004: Trump’s Hotels and Casinos Resorts
2009: Trump’s Entertainment Resorts
He's been sued over 4000 times because he likes to screw the little man out of his hard earned money. So no he's not someone to admire or respect or to believe will help your cause.
Amen to your BS!
Symbols of those two companies please?
Trump's cult behaved and looked like we lived in a third world country on January 6th. Drain the swamp "I only hire the best" with an 80% turnover rate in his administration won't have any reputable individuals interested in serving under him. Wait there's interest: Marjorie Failure, Bobarf, GYM Jordan, Steve pardon me Bunyon, Jason Heil Miller, Tommy the rocket scientist Tupperware, Tucker Ordoban Carlson and the beat goes on. Yeah it'll be a fine gang!
That's not how a shelf works. It's shares that "might" be sold on an as needed basis in the open market. Dr. Denner and the principals of our company have a fiduciary responsibility to the shareholders. The idea he'd do a private sale to himself of the entire block is ludicrous. With $300 million in our coffers there's no prudent need to use it so it's insurance and nothing to be alarmed about.
JT hasn't got time to take a moment of silence. He's too busy counting the $30 million he squirreled away while he mismanaged the company. Someone once said he bleeds for our company. Must be from paper cuts looking over his bank statements.
You "brake" your car. You "break" even when the turd rallies astronomically. Good luck!
I've seen some irrational posts on this board but you take the entire layer cake. Everything you're suggesting is totally antithetical to Dr. Denner's long track record. It would be self immolation. Show us one example of this obtuse strategy. You can't because he's never employed it with another one of his investments. In fact every step he's taken so far has been measured and his normal strategy. He creates shareholder value and finds a buyer. Which takes patience.
He should follow your genius advice and institute a share buyback plan. Simply ignore the financial cancer previous management had been hiding from us. Pour millions into your brilliant plan to push the price up. You ought to send in your resume, you’ll be hired in a heartbeat. Seriously!
Frankly I wasn't aware they were totally under-qualified. I don't recall that being bandied about on our board. I visit this board infrequently. There's very little to be gleaned by monitoring it daily. I may have missed it. Do you have their names? If they were only being posited by Dr. Denner to monitor things and dig into the books I suppose you could make the case it was worth a try on his part. Someone to watch his back for the $100 million he'd put on the table. Call that a game if you will, I'd say he's more of a chess master. Hopefully his efforts pan out for his sake and ours. If he hadn't bought into our company I doubt we'd be a going concern in two or three years. Now I see a ray of light. It may look bleak today, let's see after a couple quarters where things stand.
I'm not so sure you can blame Dr. Denner for the board and KM leaving. Remember his original objective was to acquire a couple seats. If they'd been receptive, which in my opinion they should have, KM would more than likely still be the CEO. Why Per rebuffed him smells rotten. I'd submit it's probably because they had something to hide. I doubt domestic revenues would have been sustainable no matter who was at the helm. The company needed to morph into a lean machine to have any long term prospects. That's been implemented now, let's see where we stand in a year. MDCO went through a very similar rags to riches transformation.
Tell me what would KM and Per have done differently or better? I know they would have enriched themselves and taken our cash reserves down to nothing along with our stock price. They proved to be world beaters at that. Dr. Denner inherited a company with cancer. It was being shrouded from shareholders by KM and Per. That's the obvious take away. I prefer Dr. Denner trying to salvage the company. Not to bleed it dry for personal enrichment. I have faith he'll succeed. Before I had absolutely none.
Dr. Denner hasn't let anyone down. Maybe your expectations were too high or somewhat irrational? He inherited a company that had cancer. It was being fed by the inept former management. They didn't care about the company's long term health and fortune. It was being shrouded from shareholders and from Dr. Denner. Given a reasonable time frame I have confidence most of us will be happy with the end result. It won't be $20 a share but I'd be pleased with $7.50. That's realistic and attainable. I also don't think Dr. Denner will let us sink below a dollar like someone suggested.
I've got my new set of proxies. What's the consensus on the incentives and compensation packages?
Thanks!
KM resigned on March 31st. So two and half months later we're still looking for a replacement? We're dangling a multi million dollar salary including benefits. You'd think this wouldn't take very long to accomplish. What's the norm?