I agree, it's illogical
I think that many on the board, like the demented MF'ers on this board (too meowny to count, I have bigger fish to fry than list them all), believed they had $50+ per share in the bag. They blindly believed in the magic and that "good will prevail." They failed to plan. This much became obvious as time progressed. They were caught with their pants down in November 2018. I thought they would learn from that. Obviously they never did.
Fast forward to today, one has to wonder if they truly believe they can still GIA and that will be their biggest benefit. They are back almost to the original stock price pre-Reduce it, and that means their options are worth a pittance. At this juncture, one would think they would be all to happy to sell for $16, cash out, and find a new gravy train to ride. This one is severely lacking, and I suspect will remain lacking for a long time, barring a sale.
However, that brings us to the most salient counterpoint: have they burned all bridges and there are no offers? I think this is a very real possibility, sadly. JT is a fucking moron at best, and it wouldn't surprise me one bit if he pissed off every potential buyer and not one is willing to offer him a dime, let alone $6-8 Billion for Amarin.
To that end, to me, what is the most insane, and absolutely unconscionable, is the fact that management has done absolutely nothing since the appeal loss. The PR does not count, nor does JT's appearance, as both did not provide direction or support for shareholders, which is desperately needed. Now, if they announce a buyout by next Monday, we can understand the lack of pumpery, but anything short of a buyout in less than a week and there is absolutely no excuse for the lack of communication.
In unrelated news, the NKLA CEO stepped down for smaller transgressions compared to what JT has done to date.
News 
Market Data 
Discover 
AI
