Amarin Corp Plc (AMRN)

[rosemountbomber]

I like you had been looking to salvage this investment for $5, but that is exceedingly looking improbable, at least for the near future. As far as your question about valuation/cash here is an AI comment: (bold my emphasis)

AI Overview

No, it's not normal for a company to be valued for less than its cash, but it can happen:
When it does happen
A company's market capitalization is lower than its cash holdings minus liabilities when it trades below cash. This can indicate that the market is pessimistic about the company's future, or that investors think it's worth more if liquidated.
When it's more likely to happen
It's more common in bear markets, or in industries with high cash burn rates and uncertain returns, like biotechnology and IT.
When it can be a good opportunity
However, a stock trading below cash can also be a good opportunity if the pessimism isn't justified. This could be if the company is in the early stages of a turnaround, or if investors are being overly skeptical of a drug or technology it's developing.
When it can signal impending failure
A stock trading below cash can also signal impending failure if the company can't raise more capital before its cash runs out, or if it has significant liabilities that aren't clear on the balance sheet.