Monday, June 06, 2022 4:13:56 PM
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Development these last couple of Market days - has to be depressing for current management of Amarin (and not quite fair either) IMO.
Friday the name Denner is noticed 'finally' in relation to Amarin - and SP rise 15%.
Monday (today) KM and management announce 'we acknowledge where Amarin is' - and is acting on it - saving 100 mill dollars - to confront the near future 'cutting down expenses' - to handle the situation !
And what does WS (GS) and their cynical market 'guys do': they adjust the 'controlling algorithm - to give Amarin 'the FU finger - if anything SP falling end of day.
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I wouldn't put to much in to todays market reaction.
What KM and Amarin has done to tackle where we are - holds a lot of logic and sense (what did people/market expect).
What has been done and announced today from Amarin - is big'; Hundred of jobs involved - total revaluation of 'every company dollar spend.
No matter how the 'algorithm is adjusted' over the next couple of weeks. What happened today is important and positive for the future of Amarin - and most definitely so - also in light of a possible BO - in the not to long future.
KM and management/BOD have today improved Denner's chance of reaching a 'Good BO deal for Amarin :)
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