Amarin Corp Plc (AMRN)

[Bannanon]

It is easy to manipulate earnings on a sub s because it’s set up as a pass through to the owner to avoid double taxation of a typical corporation. It is also easy for a publicly traded Corp on a tax basis (although technical not manipulation but awareness and utilization of the tax code loopholes passed by Congress). Not as easy on a gaap basis although possible. Problem is it’s fraud if it’s manipulation and results in a restatement of earnings, major sec regulatory exposure and class action stock drop claim when uncovered by the independent external auditor.