Amarin Corp Plc (AMRN)

[dogn]

Jroon, yes a thoughtful summary of where we're at.

The Cowen podcast was instrumental in helping me consider that the directors are often not as financially motivated as a large shareholder towards working for the shareholders. While usually good people, he states, they often lack resources or time to do their own research and hence often fall in line with what management recommends and fail to fully consider other strategic options (Denner's widget factory example). The "agent vs owner" issue.

Reflecting further on an earlier post, I think regarding the BIIV situation 5 years back, it's reasonable to believe that as a large shareholder Denner would also have sought to secure the highest possible reasonable valuation even if it required waiting a bit longer (in BIIV case there were some restrictions that prevented some bidders from participating in a sale at the time). That ~50% higher valuation based on earlier company projections must have been viewed as largely unrealistic.