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That’s for sure!!
Evergrande stock has been tanking since the first of the year….. they have 300B in loans and their liquidity is crappy…..what I’ve read is that the loans are very will collateralized.
Is there not an AMC chat room?
It’s on Amazon Prime and Hulu and Utube…. We have way to many subscriptions but we watch a lot of movies.
Looking forward to the movie…… I’ll give you my opinion this week.
Jasbg…. I have not…. I’m a big Afleck fan and will check it out…. Also his buddy Matt Damon….they were fabulous in “Good Will Hunting”” close to a 10!…. Robin Williams was also in the movie.. incredible performance as will!….. we think of Robin Williams as. Phenomenal comedian but he was also a superb actor.
Jasbg…… speaking of Ben Afleck….. the last song in the movie “The Accountant” by Sean Row is fabulous!!!
“Leave Something Behind”
To Leave Something Behind https://g.co/kgs/3cbhkK
Green Day plays “Good Riddence” ( time of your life ) on the video for the farewell to Seinfeld…. It’s really good!
“ General major major market correction is coming”….. major market corrections do not come at near record low interest rates, an accommodative Fed, negative interest rates in EU and Japan.
Fred Flintstone Sr. Said the same thing 8 months ago and of course he was dead wrong.
Exception to Rule a major WW crisis or a major blunder out of DC.
Great News!
Do you think KM is keenly aware of the mkt issues at hand?….. PFE/HLS is 30 days old…PFE just jumped on the Marketing in Canada….. What is reasonable for PFE to judge their marketing ability for V…. 4-6 months is just my guess… the events and news that has unfolded in 45 days since KM took over counting weekends is terrific…. Things will unfold nicely I’m sure….. we have tons of good news on the horizon….. KM has a firm grip on reality as ceo and is doing the right things….. some take a little time
Very OT…… Obama appointed judge does the right thing!
Judge rejects DOJ move to block Texas abortion law
https://www.foxnews.com/politics/judge-rejects-doj-move-to-block-texas-abortion-law
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Birdbrain…… I don’t remember it that way at all…. The vast majority on the board between middle of Dec 2019 and March 2020 had no interest in settling the consensus was a straight up win in the court would teach the generics a lesson for many reasons.
The March 31st 2020 was not the fall of AMRN nor the singular reason to only blame judge Du.. Marjac was I think the only one to point out how liberal Judge DU was and the danger…..
Every day there are still posts blaming DU…. Yes her decision….. but it’s important to include the appeal judges and at least 6 SC judges.
AMRN picked the venue AMrn and it’s lawyers were spanked by Hikma’s lawyers because our lawyers took the win for granted as did Thero.
Over and over everyday 18 months later the same blame comes out….. have you considered that Thero was completely inexperienced to make any settlement or deal….. 2 weeks after retiring PFE cuts a deal no coincidence…… this simple deal should tell you all you need to now why there was no settlement.
I’m sick of bringing it up as much as I’m sick of seeing the daily singular blaming of DU for AMRN’s state of affairs today.
But I’m sticking with MO that the whole trial could have been avoided…..that will not be drowned out.
Cash and Short Term Investments 508.93 514.74 500.93 561.86
Cash - - - -
Cash & Equivalents 327.02 290.99 186.96 207.21
Short Term Investments 181.91 223.74 313.97 354.65
Total Receivables, Net 182.26 151.28 154.57 147.29
Accounts Receivables - Trade, Net 182.26 151.28 154.57 147.29
Total Inventory 272.45 230.89 188.86 148.53
Prepaid Expenses 28.43 29.7 30.95 26
Fact of the matter is taking the reduction of receivables and cash at end of 6/31
AMRN has only gone through about 25M in negative cash flow code the 1st 6 months of the year…. It is safe to assume EU expenses have been substantially higher so in fact AMRN’s US business is cash flow positive due to less promoting and hence can subsidize the vast majority of the EU up to now.
Roadkill…… KM does not hand out the shares it is the BOD…… in addition it has been 45 days since KM became CEO and the stock is up 35% over that course…. That’s 300% annualized…… perhaps your expectations are to high
Mr. Main….. congrats on your options and low cost structure…..AMRN is a totally different Co today than it was in July…… KM has different strategies than previous mngt. he is also flexible and willing to do marketing deals. 6 billion market cap is roughly 14 per share….. we will be there by the end of next year or sooner without a BO…..I think most people that would take 15 today would not take 15 in a year if it wasn’t a BO.
The other thing if you blame judge Du ( which I don’t ) you put the 3 judges from the appeals court and at least 6 Supreme Court justices in the same category as they all agreed with her( the Supreme Court may not have technically affirmed her decision but in reality they did)
The water is seriously pressing against the dam and sooner than later this stock will rally big time.
The revenue from the EU is zero they have hundreds of employees and expenses have been very the last 6 months……Without the cash flow from the US market ( cash burn for 6 months I believe 25-30 million) our cash would be in the mid 400’s at best not 500 plus…..AMRN is watching cash for sure…..Revenues we’re higher in the 2nd Q than 1st Q…… look at it from any angle….. KM is well aware of the importance of cash preservation balancing with the EU rollout….. any increase in sales like from the previous week 80% goes right into positive cash flow……this is not the old AMRN…… KM knows the score.
The US market is AMRN’s golden goose as it is supplying the vast majority of the cash for the EU rollout….. our cash burn has been phenomenally small thanks entirely to the US market!!
“ AMRN needs to win the infringement case against the generics before IMHO PFE has any interest in AMRN US operations”
Kiwi, you obviously did not invest in Marjac’s appeal as we will have positive results far before infringement trial.
Jasbg……. I think Thero did something good ( God please don’t strike me down ) in cutting back expenses and conserving cash the first 6 months of this year.
Yes!
14 weeks left in the year I’ve got a sawbuck says AMRN itself is over 100k prescription by Dec31 report.
Kiwi….. what in his post says he is not diversified?…..or is reading a new concept to you?
COVID-19 vaccine boosters unnecessary for most, say FDA advisers reportedly resigning over issue
https://www.foxnews.com/health/covid-19-vaccine-booster-unnecessary-fda-resigning
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Washington DC is in 99% of the wrong businesses…follow the leader is very costly!!
Kiwi……who taught you how to be so sneaky and get around OT subjects….. but gosh anybody you don’t like you complain about their off topic posts….. it’s bad form…… what do you think of tattletales?
The German launch for V was Saturday.
Jasbg…… the quote should just be taken at face value.
I could teach somebody with clarity how to play chess because I know the game from reading and playing.
Where as if I had 5 minutes to study Mahjong I could not teach anybody.
Rose….. Einstein said “ if you can’t explain it simply you don’t understand it well enough”
Lizzy that was a classic for the ages
Can you bring any facts about the botched Germany launch…… what went wrong?….I’m wasting a post on this so I hope your answer is not out of the blue sky!
KM is 50 years old…… this German launch may be the most important business event in his career…… this will be a SUPERB launch and Germany will give us the results we all hope for. The ROW is a blank canvas and KM will make V work one way or another.
Kiwi……..what is your post trying to convey…… it’s very unclear.
markroth2……. I completely disagree with your post.
“ The day the association between HLS and PFE was announced signaled to me that something was going to happen between PFE and Amarin. The signs are there and I truely believe that PFE knows everything about Vascepa. They have probably plugged Vascepa into many of their sales modules and already know how to sell and how much they will sell going forward. A company the size of PFE doesn’t need to do a trial run. To me this is PFE maximizing sales in Canada to it fullest extent while making the larger purchase of Amarin. Just getting their priorities in order. ”
On one hand if you are correct and PFE has it already figured it all out……. Then why is the deal not inked?
If you are correct and PFE does not need a trial run then what’s the delay….. Germany launches today. Everyday AMRN becomes more valuable….. if what you say is correct PFE may have cut bait since there is no deal yet.
On the other hand PFE wants to see what their well established cardiac salesman can do…..Canada is the absolutely perfect spot to get the quickest information….I have no doubt that PFE will do a great job and don’t feel pressured to do a deal… PFE/AMRN have a great marketing future together in the ROW….if Canada is to PFE liking I have no doubt that some additional marketing plans are in a framework…. As well as PFE having first refusal on COVID indication.
The ball is near the top of the mountain the company and the stock momentum are heading downhill very soon.
KM is pro active and decisive and flexible… PFE never happens without KM
Ceo for 28 days…… I’d bet PFE deal would not have been unless he was CEO….. stock is up 35% in his 28 days as ceo that is serious money.
Today’s AMRN should be a different name today as it is different than July.
His last CC was vibrant and he shared the vision.
KM and Thero are like night and day.
Dude…….. this is his 28th day… this is a new company….. if he doubles the value of the company every year he should make a ton…… we make he makes.
Rose…… a secondary down here shows an unlikely escalation of working with PFE……they have managed to burn very little cash first half of year and seem to be very careful with the 500M……I don’t think we see a secondary unless cash gets down to 200M.
Unless there is a great deal in the works there is no reason for a secondary.
It would be extremely unsettling if they did and it was justified as additional working capital.
Rose……I think what your saying is key…… it not that AMRN’s sales force Has done anything so any BP is going to be questioning…… we all believe that PFE can do the job but if they really thought 100% a deal of some kind would have been done……it’s kind of ironic that AMRN’s sales force has probably put enough doubt in the minds of BP…….. most like a real impediment to do a deal.
A hostile bid was slightly plausible under Thero…… the vast vast majority of BO today especially in drugs are friendly…… KM has the shareholders back.
Lizzy…… this scenario makes a lot of common sense.
Yes…… for several hours the stock was trading at 5.29-5.30
The rest of the day except the first 30 min the stock has traded very narrowly…it’s like trying to keep a ping pong rally by both players going as long as possible.
My apologies….. this was not meant for you.
Is it going to be easier or harder to get EU dr’s to prescribe V and keep their patients taking V consistently compared to the USA?