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Re: couldbebetter post# 230115

Tuesday, 11/26/2019 6:34:46 AM

Tuesday, November 26, 2019 6:34:46 AM

Post# of 425843
Simple answer is the best offer is just not good enough. At that point GIA is the only option. Say the 2 rumors from awhile back that were out there were true. BP offered 12-13 billion, Amarin asked for 30. So if they both think that’s fair how do you get a deal, JT should just go down to 15 to get a deal? No way, can get there GIA with high odds.
BP, barring a bidding war, would not pay more than 20 billion IMO running various models. JT and board probably does that, but maybe not, maybe BP won’t go above 15.
Then you are into a BO with milestone payments which nobody really wants to do but may have to and now more complicated, complicated deals are hard.

So though BO logically is the path they seem to be heading towards it just may not transpire so they need to do everything they can to execute sales ASAP.

Good thing is management has hit on almost every decision the last year plus though I still question the amount of the last raise as cash flow should be positive next year but I get putting yourself in a good cash position. Otherwise management has proven itself very adept so far and whichever way it goes I have faith in them.
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