Amarin Corp Plc (AMRN)

[FlyFishingStocks]

Debt to equity swap, bullish or bearish? Read this:

Mankind announced a similar plan on 7/29/2015. The stock spiraled. Usually this is done when a company is in trouble and can't meet their financial obligations.
However, I came across this interesting article that explains how the strategy can be bullish:
Debt to Equity Swaps

Usually, a debt to equity swap between a lender and borrower on arms’ length terms would derive from the mutual interest of the borrower and the lender to safeguard the borrower against the threat of insolvency, which in all likelihood would mean that the borrower would not recover the full amount of the debt due to it in any event. Usually, the proposal for a swap arises when a borrower is struggling, often due to cash flow problems, to finance interest payments on borrowings but the value of its underlying assets is sufficiently robust and attractive to the lender to take an equity stake in the borrower in exchange for a commensurate reduction in the total outstanding debt. However, in the current economic climate, debt to equity swaps are more commonly being considered by companies who are not necessarily on the brink of insolvency but who are taking this approach (subject to lender consent) as part of a package of pre-emptive measures to shore up their finances.

Perhaps the new hire, Kalb is recommending this strategy?