Replies to post #90456 on Amarin Corp Plc (AMRN)

[jessellivermore]

bblack...

Excellent post...Sounds like I wrote it myself..Agree with everything..

I was explaining why the company forced the conversion to my son (I do believe Kalb had a hand in this). The move was obvious.Why pay out 3.5% interest on $150 mil if you don't have to? The dilution was not going away unless the company went BK. Convertible notes have always been slices of a cut melon. That's why they are not offered to us ordinary folks, only to "qualified" investors. So the company's decision was like "Do we want mortgage payments, or no mortgage payments. Bingo...$150 million in debt gone.

":>) JL