Amarin Corp Plc (AMRN)

[studythosestocks]

2 portions of Sarissa's letter which I think is very telling.

Even after the clear and loud vote by shareholders in June, the directors on Amarin’s board took more than twelve weeks to interview Sarissa board candidates, seemingly unable to prioritize the company over their summer schedules while destroying further shareholder value.

My comment: Shame on you Amarin. This medication is literally life and death as is the financial and symbolic lifeline of many investors. Get your rear ends moving Amarin and stop worrying about your summer vacations and taking your time! Urgency! Please!

Although we will continue our discussions with the company, we have commenced the process to call a special meeting of shareholders to remove and replace certain Amarin directors who we believe do not serve the interest of shareholders. We hope that this process will ultimately be unnecessary and that the board will act swiftly to appoint our representatives to the board. However, given how reactive and drawn out the board process has been to date, we have little optimism that the board will now act with necessary and sufficient urgency.

Amarin's response

Throughout the Board’s consideration of these candidates, including Sarissa’s proposed nominees, we have kept Sarissa apprised of the Board’s refreshment process. This process remains ongoing.

It is clear AMRN is between a rock and a hard place and has been called out again. I think Sarissa moves forward planning the special meeting but it won't materialize as AMRN will move forward calling a couple of directors with Sarissa ties. All JMO.