Replies to post #205146 on Amarin Corp Plc (AMRN)

[Whalatane]

Rais. How many times how you dealt with loan officers ?
Seriously .
Based solely on the Marine indication AMRN loses money
Many , as you see here , take Vascepa for cardio vascular risk reduction .... without those sales AMRN is a LOSS generating machine .

So you meet with the bankers and say ... well we’re seeking approval but don’t have it yet .

Don’t be surprised if they say “ well great .. come back when FDA approves this for cardiovascular protection “

So you wait until late Sept .,. Get the FDA approval ... meet with the bankers again.... wait another 60 days or so ... and then when the financing comes thru ... and only then cos you used up half of your cash reserves already ... only then can you fund the START of the DTC campaign ( ie fund the initial development of ) you planned on .

Really !
Kiwi

[sts66]

I said so when they did the last cash raise too (which they also didn't really need to do)

Didn't need to do? Is that a frigging joke or do you pay absolutely zero attention to financial statements? AMRN had $210M in cash at end of Q1 and $220M end of Q2 - guess how much they raised in the "unnecessary" secondary they did last Nov? TWO HUNDRED MILLION. They'd be out of business if they hadn't raised that money.