Saturday, May 10, 2014 2:54:16 PM
[quote2) Cut expenses to a minimum the directors and management should be on bread and water. ][/quote]
putting all the other factors aside, I see no point in a company having less than a 500 m market cap and a price share of 1.50 and only having one drug on the market, with eight board of directors and lucrative sign on bonuses. Plus the management can spin it any way they want but they are not on the shareholders side and have not felt any financial pain, If their options are expired, they have been reissued and when the 2011 option plan did not have enough shares, they create more shares ie restricted shares and shares issued outside of the plan for sign on bonuses. In their proxy statement last week the compensation committee claims they where in the 50 percentile of like 15 comparative companies (listed in the proxy) There is no comparison, research any of those companies and compare their pay to the stock price and the pipeline. Amarin needs to start caring about the shareholders, many of whom lost thousands and thousands of dollars to their incompetents and misleading statements.
putting all the other factors aside, I see no point in a company having less than a 500 m market cap and a price share of 1.50 and only having one drug on the market, with eight board of directors and lucrative sign on bonuses. Plus the management can spin it any way they want but they are not on the shareholders side and have not felt any financial pain, If their options are expired, they have been reissued and when the 2011 option plan did not have enough shares, they create more shares ie restricted shares and shares issued outside of the plan for sign on bonuses. In their proxy statement last week the compensation committee claims they where in the 50 percentile of like 15 comparative companies (listed in the proxy) There is no comparison, research any of those companies and compare their pay to the stock price and the pipeline. Amarin needs to start caring about the shareholders, many of whom lost thousands and thousands of dollars to their incompetents and misleading statements.
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