Amarin Corp Plc (AMRN)

[JRoon71]

I still don't understand how/why they would do this. That makes no sense to me. They just got approval for a share BUYBACK. Raising more cash makes zero sense, and it would not gain shareholder approval.

Why not? He can sell another 20 million shares at $5-8 and add another $100 million of cash to their runway. Sell it to his buddies and he gets more tacit control of the company. There would only be 40 million shares outstanding. Rinse and repeat.