Replies to post #394552 on Amarin Corp Plc (AMRN)

[Meowza]

JRoon71, if Denner isn't posting about it (moreover commuting to post in person), then it ain't happening.

[north40000]

It would not surprise me to learn that Dr. Denner has been talking with Carl Icahn and IEP staff. While Icahn has been quoted lately that he believes the economy may be heading toward a recession, he also is reported to still have most of a large short position in GME that he initiated at a share price of $483 in January 2021. He will leave that position when he is ready. See Barron’s, 11/25/2022.

The two worked together, I recall, when LLY bought IMCL at ~ $70/share about 14 years ago. BMY’s Tender Offer of $60 per share was not filled. Icahn had 14% of IMCL’s shares.

[W0lf1]

Your analysis makes perfect sense! Thx!

[IgnoranceIsBliss]

It's impossible to have any insight whatsoever into what Denner is or isn't doing.

He ran his playbook so far -- bought a stake, threatened management and the Board, decided their response was unsatisfying, started a proxy battle. That's the playbook.

It's impossible to know anything about how he feels about the gamble he took here. What isn't impossible to know is that AMRN is hardly the top concern of Denner right now in the context of all of his activist investments.

It's a volume business. If he takes 10 positions and 6 of them are winners, he makes out like a bandit. He's perfectly capable of looking at 1 of them at some point and saying, "Ok, that was a loser. Get out and let's move on."

[ralphey]

AMRN's future to a very large degree is dependent on the Healthnet case. Denner is lining up his ducks but waiting on any moves until it is determined whether that avenue is open or closed - only then can he make decisions on the value and direction of this company.

SO until then ride the teeter totter which Iwanderer apparently kick started again and have some fun and make some money !!