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Steven
Thanks but can’t access? North Marjac may be able to
keep doing it greatly appreciated
Alm
Nuke you have many bedfellows - I too have returned to work many others had to also
But you know I have this belief that our suffering will not be in vain One day it will hit 5 and I will be in reasonable shape again
I can wait a few years and work keeps the brain alive
Stick at it buddy-I and others are with you
Alm
Steven
Very pleased you are still around keep posting and putting up your dd which has been outstanding
Your work has been appreciated by all on this board
Alm
Capt
What the expenditure graph illustrates is just how completely mad and irresponsible the prior board was -a vast amount of cash was burned post Du on staff who weren’t selling and advertising that wasn’t selling and on board members who were continuing to line their pockets when the company should have been doing what it is now
How many hundreds of millions were burned in this way ?
I would rather have bankers run this company any day than the fools that were running it previously
If they had carried on there would have been no Amarin at all
It may take time but eventually things will turn -present board are running the company the only way it can be - cut costs and rebuild over time
Alm
Marjac
One day if this all works out we will have a splendid dinner together to celebrate and exchange lawyer war stories
Allan
Alm
Hi Marjac
We are both still here
Best wishes Allan
Alm
Johnancoque
I want to congratulate you on being the most boring dull pointless witless poster ever to darken the Amarin ihub board
In fact it has become your board
You post virtually every post and I guess this must be because you must enjoy reading everything you post -for your own self gratification
Not a soul is interested in anything you have to say -please go and infect another world
If anyone controls this board please prevent this poster ever posting again
But then I guess you probably control this board
Alm
Laurent - hope all well with you
The 10 per cent hike in SP -are we witnessing the start of a Brave reaction ….
I suspect if positives can be drawn from Brave the sp will show many more 10 per cent hikes ….
Alm
Jasbg
The key for Amarin is cost control
The previous board wasted 100miiion and more building up sales empires in USA and Europe -in Europe years before any income means possible
They were wasters and dreamers
And they did not spend the money defending the patents -the right bucks spent on the right experts and lawyers and the Du case would never have been lost in the the vegas court - although it should never have been heard there
Now it is vital to cut costs to the core (the last board started such having making the overspend balls up )
So preserve cash
Make a modest profit
Buy time - they need time to open up new ideas
Amarin will grow revenues slowly perhaps but it will happen
The fights are not over in USA for market share
And new usage will develop - let’s hope brave starts the story !!
The business will not go bankrupt
The Sp will not stay at these levels but go higher over time
At these levels selling is pointless
3years from now maybe we will be sitting in a different and incredibly better place
Alm
Jasbg - good you still around …it’s been a rocky road!!!
Alm
I haven’t posted for a long time - depression at share price keeps one away!!
However -these results show that Amarin needed desperately to cut costs- a long time ago - which previous board were absurdly failing to do -they were mad wasters of money -look at the waste in Germany for example
At least costs are now getting much less and will reduce more
Expanding sales into Europe etc is a slow process but keeping cash and cutting costs gives the company time
Maybe one day the sp will start to go up-it’s certainly gone down and down for a very long time
Good luck to you all
Alm
Denner /Sarissa selling shares
Ok so he may have sold and bought
Why sell ? To record a tax loss and get the tax benefit therefore
That makes sense
But it is still a loss
Denner has to add his loss on shares sold to his current average price of purchase
So his actual cost position is much higher than is being suggested
I have read through the appeal brief
Amarins lawyer has got it spot on right
Case should never have been dismissed -and the court has now in my humble opinion to reinstate the case
The magistrate judges report and recommendation was correct that Amarins case should not be dismissed at this preliminary stage
If there be justice - sadly lacking thus far in Amarins legal encounters then we should have a trial with Hikma
Alm
Marjac
Will you contact Sarrisa/as the new Amarin if Sarrisa win … I trust they will ….and explore with them the fraud on the court case being brought anew without thus standing being the bar to bringing the case
They might well instruct you to assist
Alm
ILT
Brilliant thinking
Sarissa/newAmarin to grab this opportunity
It’s a no brainer
Alm
Marjac
Hello dear friend …. Brilliant suggestion - as ever from you
Please why don’t you communicate this directly with Sarissa after the vote outcome
I just voted my 175,000shares blue card for the Sarissa resolutions
They will surely win
And hopefully your brilliant legal action will gain traction without the standing hurdle to overcome
Sarissa /the new Amarin would be foolish not to pursue
Best wishes
Allan
Mnbio
This drug is one with a huge long term market in the right hands
Denner will put it in their hands ….
The recent bad stuff is not long term stuff
A big pharma will look at this as a long term long paying investment
We are bogged down in short term negativity
Alm
Rose
There is no absolute certainty but the statistical odds of Denner getting a grip far out way those of his not doing
Taking no action would be a hugely expensive failure from his perspective
He wants to make money out of Amarin position not loose it
He paid 4.5
He will want to engineer at least 50 per cent profit- 7 and more likely a double
So say 9 /10
It could be done in 12 months / 2 years
Alm
Denner /Amarin
The way I see it things going unsatisfactorily as to Germany /Europe and cash generation from GIA in Europe and all other negatives of the past 12 months or more is good news because it gives Denner traction to get on with what he intends for Amarin
The better the company performed the less likely the board would be to welcome his attentions- they could just tell him go fly his kite - and boy has it hugely underperformed in their incapable hands
Remember Denner has paid 100 million out - he has lost on present share price well over 60 million - this is a company at 4.5 dollars he considered considerably undervalued
Now of course he can have made a huge investment mistake - but do we seriously think he - and other significant institutional shareholders are going just walk away and swallow this ???
If - and when Denner gets his foot through the door- and it is coming very soon - the SP will rise - Denner will work the problem and sell the company
Amarin management has been a masterclass of showing the folly of GIAand inept management of classic proportion
Denner will get in and put the for sale sign up
The board of Amarin know they have failed GIA - and that they have consistently failed across all their management functions -they also know this company has only one future - Vascepa has only one future - in the hands of big Pharna
- what goes on day to day now presently is irrelevant - save that each day the Amarin board dig an ever deepening hole of GIA and management failure
That can all be swept aside by Denner
When it does reading this board will be a lot more heartening for us all
But I Hope by reading this it makes folk feel a tad better presently
Alm
Jasbg
And it is a very clear current and brutal illustration to the Amarin board of what will happen if they don’t move in the Denner direction
Denner will make it happen - he has not going to roll over and make a huge loss on his investment in Amarin
The company will be positioned for sale because in the next two years this is the only way Denner can double his investment ….and perhaps more
And Denner has been in Amarin for a year already so time is moving on
Alm
Capt beer
The patent litigation as to obviousness is now dead …
The responsibility for its outcome and failure rests with the board of directors who failed to ensure it was conducted properly
Alm
Nuke
Vascepa healing powers
I recall JL used to give it to all his plastic surgery patients prior to surgery and post and he was certain sure it sped up the healing process because of anti inflammatory properties
Alm
Denner- let’s put ourselves in his shoes
So thus far he has invested 100million in Amarin and he is showing a paper loss of let’s say- 66million
He bought on basis of considerable undervalue
He may have had his theory shaken but if it was undervalued in his view then it must be hugely undervalued now
What are his choices ?
1- now and loose a vast sum - his selling would collapse SP
2 -sit on the shares do nothing and Hope the present board can overtime work the company back to better SP values and maybe in 2 or 3 years he can sell at a profit
3-act now in terms of -to change the direction of the company and over time see the SP recover and then sell
4-act now - change direction of the company and position it to a BO
Now what do you all think he will ??
Alm
Hayward
The change in the share price of the reduction from 25 dollars to where we are now is the tragedy -
Variations on a range between 1- to 2 dollars are on that scale irrelevant
The big news is that Denner can now effect change following the shareholder vote
The present board are effectively dead men walking
The company can be redefined to one operating in shareholders interests as opposed to one focused on lining the pockets of the most inept management we could have every have been blessed with
It may take a couple of years but there is at last hope
I would not be surprised if Denner begins to buy more shares at these give away levels
I wait patiently for Denner to reestablish value in this company which he considers to be seriously undervalued
Good luck my friend
Alm
Pharmacydude
Amarin is a great drug - you are as well versed as anyone as to its present clinical value -and it’s applications may well expand over time
As to the value of the company that has been damaged by the company itself through foolishly conducted litigation and the equally foolish conviction of the self rewarding board (in its various guises) that GIA could be a runaway success (albeit outside factors such as covid which could not be predicted have made GIA even worse in performance )
Whilst any drug company with a developed product has to GIA until it is not (by the company being sold) it has been the gross mismanagement and unrealistic BO value in my view that has damned the SP to its present levels
A parsimonious low cost GIA was required and a low cost board operation (instead of vastly unrealistic share option and other rewards) whilst being open to BO opportunities at realistic levels
Could this company be sold tomorrow- of course it could - make the BO price low enough and a big pharma would buy
This board has never opened a realistic BO approach in my view
There has been in simple terms appalling company management and we are presently saddled with that
That is why Denner is our best hope of the required knife cutting change that is desperately required
The company needs to cut its costs to the bone and put up a big for sale sign at best and final offers
It’s the only way this drug will over time serve its purpose
And the only way we will be released from this misery(albeit at low levels of value )
I still hope one day to get back to a value equivalent to 10 dollars a share but it could take quite a while yet
The day to day trading of the share for possible micro profits has no real place in the bigger picture of where the SP will go
About the only thing you can say today is the SP probably won’t go much lower
We have little choice but to sit it out and let’s hope Denner sends a cruise missile into the boardroom
Alm
Marjac
It has been an honour and a privilege
The thing is - we know - that the judicial system got it plain wrong
And we also all know Marjac that you got it right - said it as it is
Justice has been denied - but no one could have tried harder or with more skill expertise and determination than you
My friend my very best wishes to you and to North
Alm
RAF - new article
Is it me or does the article not make sense - as to what the generic is being marketed for ??
But interesting article
Alm
Marjac
You have never stopped fighting our just cause
May the gods in heavens be with you
Thank you
Alm
Jasbg
The Supreme Court application is a moonshot …..and whilst I hope and prey….
But the Denner/ Sarissa shake up and buy out -
Well Denver’s rocket is on the launch pad and the countdown has begun
Like I said there will be fireworks
Good luck my friend
Alm
Kiwi
Health net case - Amarin can only settle this case on the same basis as if they had won it at trial - and health net won’t agree that
Why?? Because
Amarin need to win it as it wants to enforce the cvd patents on ALL of the other Health-net equivalents in the USA - to in effect restore the cvd market - by sending out the message - you supply generics on cvd basis and we will sue your ass - look what we did to Healthnet - we destroyed them - we will destroy you as well … so back off our cvd market
Settle this achieves nothing if it is on wishy washy terms that lets the others off the hook
I don’t see the heath net case as a big play in all of this following Hikma ruled out by the judge Andrews -and Amarin can’t appeal that decision (I believe ) until Healthnet alone case is concluded - so it’s a years off / will an appeal succeed ?/it’s in the long grass -as far as hickma is concerned
The only litigation of immediate help is Supreme Court Marjac Epadi - certiorari
And that is a moonshot
We have what we have - declining USA sales - so cut costs to the bone - long delay before. Income in Europe / so cut costs in Europe to the bone - and make damn sure this present board is out and not lining their option pockets
Amarin is very saleable - some cash in bank / great tax lossses / some income USA - great income potential Europe Row / other applications for drug ahead
A big scale pharma company can make money out of vascepa
Amarin can not -
The present board and present plans will leave company profit less and cash reducing for several years to come
Denner I feel want this done in 12 months - he has been in it for nearly a year already
There will be fireworks
His outcome is a sale of the company in 12 months
He would be happy to get 10 dollars a share and get out of it as quickly as he can
Interesting question - Will he buy more shares at these reduced prices
Such would
Raise the share price - as would his emerging plans / control takeover of the company
And position the company to be a 10 dollar equivalent sale for him.
Sarrisa risk is they don’t pull it off ….
I see them succeeding
Good to exchange views again kiwi and best wishes to you and all on the board
Final comment for now
I have read Marjacs brief to Supreme Court
It is a masterpiece
It tell it exactly as it is
The Du decision was a travesty of American justice. It has destroyed Amarin as a company -destroyed the assets of its shareholders and destroyed Vascepa in the USA as a life saving patient treatment
Will the Supreme Court act ????????
Let hope we get to the moon
Alm
Kiwi
Not posted in a good while - needed the break
Amarin board collectively have failed over many years in to many ways to list but most recently to act expeditiously to stem appallingly wasteful cash burn - they knew income was dropping like a stone in the last quarter but failed to act until after appalling results announced - they then sacked the FD and cut 100million as to cost -much later than they could and should have done
The present board don’t want a BO - they want to carry on as they are and make big bucks on the way
Denner /Sarrisa as shareholders - they want a profit and a return on the investment in the relatively short term - 2 years at best
Clear the board and Denner are diametrically opposed and this is a war between entrenched enriched board members with no real concept of shareholder value and return - and a large shareholder / supported by probably the vast majority of retail and investor shareholders who see the present board as bankrupt as to their management off this business
I agree with your take on this - I do not see this present board as capable of positioning the company over the next two years into a better place for BO - or indeed their even wanting it
Let’s be clear -it’s a dumb notion that it could not be bought tomorrow - iThe company could be bought tomorrow- it’s a question of how much ??
The reality is that the present board either have not put up a for sale sign at all - or have a completely unrealistic price tag for the company that no big pharma will consider paying
Alm
North agree
Auction
Asap
Alm
Study
I have not posted for a while
The obvious - this company is in a complete mess -the main Hope now is that large shareholders exert influence on the company / remove directors and immediate change is brought in
The company has to radically cut costs -hugely reduce staff costs and any other costs to keep the company from nosediving through it’s cash reserves - the idea of GIA in Europe must be shut down - - get rid of as many staff as they can
They have to conserve cash - to allow for sale of the company
They have to put up a big for sale sign - immediately
They have to sell the company to a big pharma who can sell the drug without the vast GIA costs involved
6 dollars - ten dollars if we are very lucky
Unless change occurs very quickly it will get much much worse
The cash will disappear
There is no other choice bar eventual company liquidation when the cash runs out
Alm
Louiebluie/Marjac
I just donated …
Come on the rest of you - 100 dollars from 15 folk will secure the funds needed
Marjac needs all our help - least we can do given his tireless efforts to right this wrong
Alm
Marjac
90 days plenty of time to recover and think it through
Let’s get head working on it - in due course
Very important matter
The infringement case against Hikma
Where are Amarin as to time frame as to
- resubmitting revised claim to judge Andrews - it was a without prejudice ruling
And / or
Amarin Appealing Judge Andrews decision
I can not believe that they will fold on pursuing Hikma
But then again this is Amarin BOD we are talking about
If you know the answer as to time limits - I snd I am sure many others would really like to know
Alm
Shadolane
Infringement litigation is worth pursuing
Amarin at least did that !!
Alm
Marjac
All that you say is true none of us I am sure want to throw in the towel
However what if you succeed … ??would you want to take it on ??
How much for scotus funding ??
Alm
N7
Marjacs briefs were very clear and set it all out
The problem is not we decide or what view we take - it is up to the 3 judges - I state the obvious
But we have to recognise this was always going to be a difficult task - convincing the 3
We got one judge we wanted - D and R were not what we wanted
Alm
Marjac
The cropping of the table
If the full table was not a document actually considered in the trial- although the K study was considered and debated by the expert witnesses- the introduction of the cropped table is even more dishonest and calculating - because what that does is it gives the impression that this was “the table “in K from the exhibit that was never seen in evidence in the case )
If the full table had been physically considered by the court in evidence then (whilst it might not have been an immediate and glaring difference ( as between the full table and the cropped one ) it might just have been more possible that someone might have identified that the table used by the generic post trial statement of facts was not the full one
The generics must have thought “let’s crop this table let’s slip this in because no one in this trial has seen the full table in the trail and neither Amarin s lawyers and most certainly not the judge will think to actually look for find and read the K study table to cross compare the real table to the cropped one we are popping in “
Bingo - we change the truth snd no one will spot it
Alm
Marjac
Re Amarin joining if remand
If they did not seek to do so to at that point argue rule 60 it would be incomprehensible
Negligent
Madness
I hope we get to that point …
Alm