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I choose to adapt to the current circumstances. Du screwed the master plan (and a lot of CVD Pts) so a new plan had to develop. You proceed as if GIA until it is not. EU launch was supposed to be funded by German sales - Germany decided to use false comparators and force Amarin to walk away. Now the only option left is to fight to maintain US market share, minimize expenses and move forward in EU and rest of world. I am confident every CVD BP knows everything about V and they will either make an acquisition move on their own or not. They don’t need Denner going door to door trying to sell the company. If BP is interested they will make an offer. If it requires Denner to get them interested then it’s because he is offering a significant discount to get them interested. I haven’t waited 11 years to walk away with my shares on the discount/clearance rack.
Amarin has cash, have removed the dead wood from the Boardroom, and know exactly where they need to go. KM did an awesome job standing up to the BS NICE threats and walked away with a decent reimbursement.
The big unknown is the HN confidential settlement. Amarin had enormous potential gains taking the suit in front of a jury. They gave that up for something. Denner wants 7 (not 2-3) board seats which would essentially make it his own company with complete control (majority rules). Denner currently doesn’t know what Amarin won in the settlement so how can he know the right direction for the company.
I don’t like the current stock price but I’m not prepared to hand it over to Denner who will do what is in Denner’s best interest. I will continue to watch how things play out and vote the way I feel is in my best interest or sell (or buy) on the open market as circumstances change.
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