Amarin Corp Plc (AMRN)

[Tatsumaki]

He obviously screwed up by buying in the very first time by misjudging or actually not realizing how grave the situation here in the U.S was wrt Generics and how tough a slog it would be in the EU. The only thing I will give him compared to previous management is that he was dumb enough to put his own money here.

No he didn't. Hedge funds don't run companies... he was never here to run Amarin and earn a profit off the operation. He spent $100M and gained full control of a company with $300M cash and no debt. He knows exactly what he is doing. He's made money on this all the way down. He's booked losses across sub LLC's to offset gains in his other positions. You can bet your last share on that. He hasn't lost anything on this. His board gets freebies and a paycheck every quarter for doing nothing and can do that for years unless someone displaces them. Pretty sweet deal for 7 of his friends. Essentially, they can all do nothing and eat thru that $300M over couple of years and he and his crew will still win. When the cash is out, dilute and keep it going, or liquidate. It's the same gravy train PWO was running. Only one that loses is retail and he doesnt care about that.