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Bouf, marjac led the suit for the disinfranchised shareholders that were not represented by Amarin when they should have taken up the case. Marjac and north4000 put together great cases of law against the Judge Du decision that was made due to cropped tables. The EPADI case was denied for lack of standing and then the same Judges Dyk and Reyna were two of three judges on the appeal and again it was denied. Liberal bias all the way as 'to hell with what is right, let's protect a liberal judges opinion that was made with fraudulous presentation.
Marjac should be representing Amarin as he seems to have a much better legal knowledge than Kennedy and Singer, etc.
I would definately put my money up again for marjac to enter the court in a fair and unbiased case. He needs to have the opportunity to meet with Denner's legal team and determine what if any path for V might be going forward. It might be a slim chance as some state but it is better than nothing that Amarin has given the shareholders.
Thanks Raf for the numbers. If we take anything positive from this, it's that scripts are up but also that New Scripts for V are up and gV are down. Hope that trend continues.
Shad, I agree, but I was simply stating that only adding the last 1M shares that we are aware of would only lower his cost basis by approximately $.10 / sh.
But yes, if he has purchased a significant number of shares to lower his cost basis you are right in that it could reduce his BO price.
Many of us on this board have been doing the same thing over the past months. I am disappointed to say that I have purchased this stock at a high price of $22 and the lowest $1.15. Time will tell how any of those decisions fared.
Whal, yes but I think that was only ~1M shares which wouldn't move his cost average that much.
JRoon, I agree with you. HF has his total currently value of $49.4 M for 25.2M shares. That equates to 1.95 per share value today and price is $1.6. Numbers don't match to anything.
I believe his cost is $4.+ or over $100M invested. I hope his cost basis is less due to him acquiring many more shares that he will need to report.
I listened and was pleased with his knowledge and communication of the differences in the US and EU markets. I believe he said the EU market takes basically two years from Day 1 to actual revenue stream but once in place it works.
He is still talking of EU being $1B+, but I wasn't sure if I heard him correctly regarded the actual patient size.
40M patients on statins and V market is 1/3 of that.
Then 80% of that should be realized or 20%?
I'll go back and listen to his numbers to better understand as even at 20% of the 1/3 of 40M is more than $1B.
Can someone add some clarity?
Thanks
ramfan, jroon, I am a very pragmatic individual, however I like to dream too and there are still opportunities for this sp to climb back from the despair we have seen for the past three (3) years. Again, as the saying goes, "If if's and but's were fruits and nuts, we'd all have a Merry Christmas."
But, it is still possible if some of the things come to fruitition.
EU, Mitigate, Brave, Long Covid, ALZ, legal issues to regain some of the lost patent, etc.
I am much more confident in AD proactively moving the needle than anyone at the old Amarin has done for the past three years.
Raf, and weren't those numbers off a short week for Presidents Day?
sts66, a non vote is just that. The vote count is zero (0). You are either For, Against, Abstain, or don't vote at all which does not register in the 400+M outstanding share count.
Hayward, hopefully Denner will take us Up, Up and Away. I'd rather a rocketship but a balloon is much better than where we have been after crashing on March 30 of 2019.
hayward, I don't know if 100% was his primary goal when he ask for 2 board seats. When PWO delayed and emphatically said no, the two were not qualified, he went for the proxy fight which Sarrisa won with 75+% of the vote. Somewhat strange that the entire board got a conscience and decided that the shareholders spoke and they would simply resign. They still had/have an interest in the company being successful to get a higher payout on their RSU's and Options. Or did they run to save face before AD sees more insider information.
Capt, looks like a much better article than wee have previously seen, especially when Nissen is one of the co-authors. Hopefully the tide will begin to turn.
jas, I agree. This morning nothing is working on the Amarin site. Nothing but the home page and no functionality to any pages. Maybe they're working on it. ??
We know it's an educational process for the cardio docs. But mathematically, there are 35M people in the US with CVD or diabetes that are taking a statin. If 10% of that market is acheived, that's 3.5M patients at ~$1,600 per annum or $5.6B. Then you calculate a percentage of what Amarin can get, you still get well over $1B in annual revenue
Hopefully Denner can move the needle in the education and the revenue in the US.
newman, now let's nail nissen.
Jvee, it's there when I viewed it yesterday and it is there this morning.
BW, I listened and there was only a minor mention and that they would be on-boarding the new board members and he thanked Per WO for his contributions. Pretty low key overall. His tone was positive but somehow sounded like he had received a gut punch or maybe a kick somewhere to his anatomy. JMO
Revenue down 38% to $90M for the qtr. from prior year. Expense reductions netting a slight postive net income but $9.8M in non-cash compensation expense FOR THE QTR. Denner, please make it stop.
Shad, I'm sure they will land softly. The management and board have clauses that pay them handsomely and options and RSU immediately vest upon 'change in control'. I don't know if Denner winning board seats and ousting Per constitutes CIC. Maybe some of them can be voted out or fired for dereliction of duty. We could hope. But if their options fully vest will they have to immediately excercise them which means they will pay $1.80 and I think the past couple of years were at $3.37 and $4+ cost basis so at a $2. sp they won't be looking so good.
lizzy241, thanks for the information. I felt compelled to send them a congratulations and note of thanks for their intervention into this company.
Super excited about the future for the first time since Du.
Positive movement on the sp and volume building. It's Denner time. Ring the bell.
AWESOME, AWESOME, AWESOME! 100MM more votes. Yes, a landslide indeed. Go Alex Denner! Now let's get the company moving with a good direction and a sense of urgency.
And I like the words "Effective Immediately"! PWO gone and 7 new Sarrisa board members.
lizzy241, well this is an immediate relief. A big toast for the new future of AMRN.
lizzy241, thanks. That's what I thought but I was curious as to how long my heart was going to have to put up with the suspense.
lizzy241, do we have any idea how long the meeting is scheduled for?
lizzy241, that's great. Just enough to cover management's fight against Sarrisa's support.
I like it all with the exception of the gym. LOL. Get my excercise on my bike, golf course and working in the yard.
funnygi2, my bad math. Thanks for the correction.
rmb, let's hope and pray it doesn't come to that. We're looking for the BLUE WAVE. Never thought I would say that.
I am in the process of going to Medicare and in the process I asked the insurance broker if V was covered under the Humana Gold plan. He said it was and that a 120 (3 mo) supply was $85.
He also told me that 42% of companies under Medicare covered V. FWIW
rmb, sure hope it is to get to the bar and toast a win for Denner and the rest of us long suffering longs.
JRoon71, yes, but in this case, the management / BOD get to make their own rules. Much different from what they negotiated on a 'contract' like a professional. I agree, I am much more favorable to a 'pay for performance.
If you want to look at specific 'sports' one that comes to mind is Joe Burrow. He negotiated $700K salary and many pro quarterbacks don't perform to his level over the past two years and they make $15 - $30M per year.
RobinF, I am not disagreeing with anything you stated. It certainly was disinguinuous on their part to announce Form 4's in the dark dead of night so shareholders would not hold more contempt for their unscrupolous actions.I for one could not have any more contempt for those Sorry A$$ B'tards.
KM is over his head as most of them are and on-the-job learning is not acceptable in upper management positions. Their holier than thou cavalier attitude has to go.
RobinF, as I look at the Form 4, they (Ketchum) received those RSU's and Options on 2/21/23 which is interesting date-wise based on the proxy, but the RSU's vest over 3 years and the options vest over 4 years so apparently not an issue as to this vote.
Regardless, it is despicable that they continue to grant themselves these amounts of stock / options with the performance.Their grant rice on options is $1.80 so the stock has to increase for them to be meaningful.
RobinF, I hope you sent that email to IR. They should receive a barage of these. Does anybody know when they were awarded their Form 4's last year. I guess I could look it up but thought someone might already know the date. Just curious how it coincided with this selfish grab of shares.
newman2021, voting ended 11:59 EST on February 21.
But I do agree with you on the selfish crooks still taking their Form 4s'.
TRK, those SA SOB's should be taken out behind the woodshed. Steal markets and then sue because they can't get more. They, along with Redding and Apotex they certainly have well over 10% of the market they should have access to wth trigs >500.
Don't we still have the option to appeal the prior suit since it was separated from the Healthnet case?
I am hopeful that Denner will force Amarin to grow a pair and fight back like they did against the Sarrisa movement.
noelan, lol, I can't see the trades on the nasdaq site so had no idea of volume. One could dream. Thx
Nice Pre-Market bounce to $2.00. Somebody knows something. Hope it holds and climbs.
KNJS, I guess the house in Zug has him strapped for cash. Unbelievable.