Amarin Corp Plc (AMRN)

[jessellivermore]

KCSVEN....

Quote: It's actually pretty simple....Indeed it is To paraphrase Ronald Reagan...Are you better off today or the day before the secondary was announced...

Yes I have been a long term supporter of management...I have supported them when almost everyone on the board was dissing them...I try to be objective and give them praise when they deserve it and criticism when they make a mistake...

IMO This secondary is a big mistake in its timing and its execution..
Delaying the secondary till after the FDA approval of the sNDA was the the right move...And those of you that say...maybe we wont get the approval..well JT is on record saying he thinks the sNDA in late Sept is a done deal..and if we don't get the sNDA why do we need a massive cash infusion...I'm not nearly as unhappy with the timing as I am with the execution...The stock was on an updraft and was over $23 when they announced the dilution...This had the predictable effect of dropping the PPS down to $18...which was a considerable discount to what the market price was prior to the announcement..The PPS has not been supported and it currently trades in the low 17s ...This despite very good reports by ICER..strong earnings, a statement the the sNDA was a virtual certainty..We have been flooded with good news and the upshot is a PPS in freefall...

Do I think this is the end of Amarin...No certainly not...I remain huge fan Vascepa and think its market value is greater than almost all of you do...I just am not happy with what is going on now..and if JT is half as good as all of you think...Then he should be able to get us back into an uptrend...When I see that I will stop posting and annoying all of you..

Its actually pretty simple...

":>) JL