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Saturday, December 26, 2020 3:28:24 PM
Both priced the same last summer with similar short positions and business as usual conditions. One invests $50 million of their treasury reserves in Bitcoin, and Whoosh! SHORTS ARE GONE.
AMRN, on the other hand, completely misses another enormous biotech/general market rally while the dark pool punishes the stock in spite of numerous positive announcements.
50 million is 8.0% of the 600million cash pile. If they used 8.0% in a like manner, it would launch the price back into the 20's, increase the capitalization, provide a hedge against adverse hedge fund activity and most of all, it would finally help rescue broken but loyal shareholders.
Think it's crazy? Watch many other corporations join the few with foresight and follow suit.
Recent AMRN News
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
