Amarin Corp Plc (AMRN)

[KCSVEN]

Since label was expanded in December its hard to get better coverage by Jan 1 2020. There are updates during the year and priority should be, and I'm sure is, on getting better insurance tiers. Unfortunately timing of the approval being delayed for ADCOM put them a bit behind in regard to 2020 formulas.

Since that delay 2021 has been the year to point to for any real massive growth. At that point fully trained sales staff, full advertising blitz 6 months leading up to 2021, better insurance coverage 2021 etc...

2020 will be challenging from a profit perspective.

I do wonder the need for the raise being so large if they plan on 650 million low end sales and 800 million high end expenses, they are negative cash flow 150, in worst case scenario which we know it won't be.

That still leaves them with 450 million, they raised 460 million. Did we need that much dilution, it could have been half as big. Pointless in a BO as the cash gets factored into sale price but for GIA seems dilution could have been 10-15 million shares less dilution.