So I was completely away from the Board for many months, not even lurking, while buried in multiple non-Amarin related litigation deadlines, and then like lightning bolt from Valhalla, I get the normal Amarin email notice, but this one sets forth the Board's response to Sarissa. After reading it and then excusing myself to the lavatory to regurgitate my lunch, I headed here to see what all the fuss was about.
All I can say is WOW! This is the most electrifying thing for shareholders in recent memory, as Amarin has become a bleak stock, and even this once vibrant Board, a somewhat depressing place. I am so glad to see that there is a renewed swagger among the shareholders who have had to deal with non-stop Amarin negativity for far too long.
In terms of again taking up the litigation sword on behalf of shareholders, there could potentially be a derivative litigation component of this assault on the Palace, but right now from where I sit, this issue can be resolved successfully and internally either through a negotiated deal with Sarissa, or by actually calling the Special Meeting, and then the shareholders rise up in support with their votes.
Overall, a great lifeline for the suffering shareholders has been advanced. This is a situation worth thinking about and monitoring to determine what can be done at the retail shareholder grassroots level to assist the rebellion.
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