Amarin Corp Plc (AMRN)

[jessellivermore]

Good Lord...

Never in my life have I ever heard such pessimism about a great stock..

Buffett says the stock market is like a partner in business, every day he comes to work..The problem is he is a manic-depressive..So when he's manic he wont sell his part of the company for any amount..but when he is depress, he will sell out cheap...So when should you be approaching him about buying him out?

Wake up...Some facts

The sNDA has not been declined..IMO, (a minority view) the FDA will decide not to go down that path, regardless of who's behind this..For the FDA this is dice rolling big time and please do not think these guys have any special immunity in federal court. This is not about the FDA deciding on an sNDA..This is about the FDA violating a contract..In this case the FDA is going to have to prove their case, and their case reeks to high heavens.

The company has an FDA approved product even with the modest start they should be at the $100 mil revenue mark by this time next year.

The company is not in financial peril, it has in the neighborhood of $210 million in cash..Debt payments are $40 mil till the end of 2014. And it is making good money.

Dumping drug reps is not going to effect sales in any meaningful way..They need to go in a different direction marketing the drug..

Right now they are giving the shares away..I'm keeping mine, and buying more..

":>) JL