I have been saying since last summer that this could go to cash value. I have not looked at the recent balance sheet, but if you add in inventory, my guess is we are not that far. Sorry, but that is where we deserve to be. AMRN has failed in its strategy, and I see more pain for at least 2 years, but probably more. Tell me other than when RI was released, when any study on V had a positive effect? I could care less about any new study....IT DOESN'T MATTER!!!!
There are many things that have caused this failure...all of them are by decisions made by management. Number one is the entire board should be fired, but they just seem fine with where this is going. Let's face reality, at this point the entire board is getting reelected. I mean what the hell does it take for institutional investors to bring new board members forward? It's not looking like Denner is going to have representation on the board...but why not? Can he do any worse? Declining sales in the US, excuses in the EU and a cash burn that will require a dilution latter this year (it's going to happen) spells disaster.
We need action NOW!. No more options for anyone. Why are we hiring at all? Fire the entire US sales force. Dump the headquarters. Announce that you looking at strategic alternatives. They are not taking this to a billion a year in the EU. KM talked about real sales in the EU in 2023. They won't be $50M by then. What will sales be in the US? $200M? Sorry, but the only option is to sell the company now and take what we can get. If not, sub $1 is coming. Sorry...not adding here either...not until I actually see an accomplishment...something...anything. All I see is failure and excuses.
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