Amarin Corp Plc (AMRN)

[Crikker]

When he came out with his first report saying sell AMRN and buy ACST it made me raise an eyebrow. So I investigated by looking at ACSTs financials.

If I remember correctly ACST only had enough cash to last another 3-5 months. However, pumping up the stock price would allow many warrants to be exercised at a profit for the holders (top clients of investment bank that raised money previously ) and raise some additional funds for the company allowing it to exist beyond its best before end date. still not enough cash to bring a drug to market and hard to raise funds with a sub $1 stock price and no sales.

My impression was this was a scam trying to get the most out of retail investors before the company goes belly up. Should be illegal. I thought after the Henry Blodgett investment banking/analyst scandal during the dot com bubble this stuff was made illegal.