Amarin Corp Plc (AMRN)

[jessellivermore]

General Comments..

Enrollee drop outs...could be as high as 10%. Trial has been running four years..no big deal...People lose interest, move..don't like the drug (statins)...people die...

They still have not announced "data lock" and from the nature of this "PR" sounds like they will keep us posted...MY guess is any decision making is going to be very late Sept..They definitely need to stretch the time out to get every data point they can without violating the terms of interim look..

The recent price drop..definitely related to the conversion. There are forced sellers among the funds holding the soon to be converted notes and the market is treating them the way the market treats anyone who is in a "must" situation..The market has turned off the O2 to these guys, but once the forced sales are over we should see a quick Brexit like return to the PPS levels we saw before the conversion announcement...Plus a very good possibility of a short squeeze lift.. Hang in there.

PS...This is not likely to continue until Sept 12 (conversion date). Fund managers are not all geniuses but most will see what's happening and a lot will hold understanding the price is under pressure right now and will consider the shares under priced. I do not see the price drop being the result of a liquidity issue currently..

":>) JL