Amarin Corp Plc (AMRN)

[Will Lar]

You're right. This is pretty binary - either the mgmt & BoD completely fail their fiduciary duties or they do have some sort of plan or plans but are not ready to disclose to public.

I can see only three scenarios playing out:

Scenario 1: Mgmt & BoD are complacent, and treating the company as their retirement fund.
If so, they will be taken down by shareholder lawsuits and private equity sooner or later. In the interim, they will just chug along, and share will be heading down to $2.

Scenario 2: Mgmt & BoD are committed to GIA and being independent.
If so, they will announce soon to 1) let go at least half of its current leadership team, and replace with European execs, 2) a plan to move the HQs back to EU, 3) a plan of US workforce reduction and building an EU team. Share will jump to close to $7 or $8 after such an announcement.

Scenario 3: Mgmt & BoD are working on some kind of a deal of selling the company.
If so, they will only make an announcement when they're ready. In the interim, the company is "business as usual". Share will linger around $4 until the announcement is made, in which share will move to be closer to the sale price.

If Baker Bro's are still holding it, there may be a good reason. Felix and Julian Baker are no fools.