A: Management had been promising investors to release the results, when unblinded, by the end of September this year.(I believe they would have been sued if they had reneged)....then the AHA came along and embargoed the release of the details until the presentation of R-IT at the AHA meeting on November 10.....if anyone should be be blamed, it is not Amarin but the AHA.
In the introduction the article says that the company claimed on sept 24th that vascepa reduces death risk due to stroke, mi etc by 25% and then base the rest of the article saying this may not be true. The article is basucally a Waste of time since 25 % is MACE RRR and we Will know only on nov 10th if and by how much death risk was reduced although company hinted to robust results also in secondary endpoints.
This must have been the article that cause a bit of damage early Friday, look at the date time stop of the article. And it is a nothing article, just another bash by BP imho.
Someone is really trying hard to get this article into as many places as possible. This is at least the fourth separate website where this article has appeared.
ALL HIT pieces IMHO emanates from what I indicated in this post on Thur
If you need further elaboration: Even though Tasty (TTE) indicated that the Short Interest is NOT alarming related to recent trading volume POST 9/24
ONE NEEDS to go beyond the surface conclusion and look at the $ DAMAGE!
Those funds who shorted AMRN are out of pocket $300 million on one stock! ($3 to $22!) which they may have offset with overweighted Short vs Long position or Puts/ETF's etc. for the expected Oct mkt drubbing. I also expected for the last many months a market correction and sent an email early Sept to close friends highlighting the multitude of reasons for my views.
So NONE of these HIT Pieces surprise me: saw it for 4 years on NWBO. Suggest one read deepcapture.com which I witnessed firsthand when I was dealing with top performing hedge funds in the mid 1980's.
Lots of underlying market dynamics to uncover and understand and there is a reason for everything. AND it takes a fair amount of sleuthing to understand all the angles and debunk the conventional wisdom.
Moreover, I've never embellished or sugar coated anything whether verbally or in print.