Amarin Corp Plc (AMRN)

[Birdbrain Ideas]

It feels a little like the day Judge Du ruled.

Until today, I didn't think there could ever be a day when the company declared bankruptcy and jettisoned all the shareholders away. But now I think it's possible, which might be what investors decided today too. The scripts have been falling so dramatically this year, from 85,000 to 80,000 to 75,000 to 70,000 and soon to be 65,000. And it's looking like there won't be any real traction in Europe until 2024, if then. So I guess Wall Street is asking with the pounding today, will the $30 million loss this quarter be $50 million next? And $70 million a quarter after that?

Each quarterly call provides less hope. I remember KM saying last fall that he'd give projections for 2022 Germany sales in the last earnings call. Never happened. After always saying there was a enough cash to get off the ground in Europe, suddenly there's only enough cash for sure to make it through the next year.

The cash pile is dwindling along with the sales. And I don't see catalysts on the horizon. Birdbrain is out of ideas. I might have to rename myself Chicken Little Ideas.