Amarin Corp Plc (AMRN)

[KCSVEN]

Those shares were also options so you need to factor the percent of options exercised and sold which is very small. They hit big milestones, I can't criticize for taking some guaranteed money and I'm sure like everyone else they knew if BO did not happen and NCE was delayed it may take a couple years to get the $30 they clearly feel is the minimum number to sell so why not take some money now and then take the bulk of it in a BO down the road.

It's clear by what management did NOTexercise that they clearly believe in the product and believe they can get it to $30 or more one way or the other so not sure criticism of managements sales in the past is a worthy criticism.

For a small sales force mainly ignoring PCP's the trend is showing the drug will likely become a BB with ANCHOR expansion and 5 times the sales force.

It's just a question what AMRN needs to give up in order to finance the ANCHOR expansion. How much the company is worth end of 2014 will vary depending on those details, simple as that. From end 2014 on cash flow is not an issue, financing, not an issue, very little should be an issue by then, just getting from here to there and how they do it is what will determine the BO price.