Amarin Corp Plc (AMRN)

[tmac20]

Trading at a 1 month low after what you'd have to consider a de-risking delivery of data and basically sitting on the same level as the last secondary is frustrating.

The question is how long it lasts?

At this point Amarin could show hard data that V cures cancer and the stock would go down on the news. The fact is, because Amarin is the only one hyping and presenting this data, nobody truly believes what they are saying. And every time they present new meaningful data, somebody is right there to throw in their 2 cents about a mineral oil placebo, just sticking to diet and exercise, it's just fish oil, etc. etc. etc. It's frustrating and goes against normal stock movement.


How long does it last? It will last until they start showing a profit and significantly increase scripts OR somebody is willing to pay their (most likely) exorbitant current asking price. I truly think that there may be some BP interested, but at this point with the unknowns, they are just sitting back and watching Amarin struggle with the GIA approach and hoping that at some point Amarin comes to them and says Uncle - at which time BP will be able to name their price (probably about 35 by that time). If it takes 2 years to slow burn through all the cash on hand, that will be the time the deal gets done. Or after 2 years, the earning are trajecting swimmingly, that is when a deal gets done. Right now all potential buyers are just spectating due to all the risk.


I'm not trying to be cynical because I have a lot invested, and I, like everyone else on this board would love a BO but it feels like we have developed the winning racecar but we have no way to transport it to the track to race.