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JRoon71

01/12/23 10:55 AM

#397890 RE: mrmainstreet #397888

MMS, Denner has explicitly stated that he does not move quickly, and never goes in with the intention of selling a company.

I suggest you take a look at his holdings and see how long he has held some of his investments. Currently, most of his investments are 3-7 year holds.

I will reiterate - I am going to vote FOR Denner. I prefer that Amarin and Denner hash this out without having to go to a proxy vote. But if they don't, I will vote for Denner's slate.

But my point is, everyone seems to be under the false premise that if Denner gets on the board, this thing is sold in 9 months. That's simply not going to happen. So everyone just needs to check their expectations.
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JRoon71

01/12/23 11:03 AM

#397893 RE: mrmainstreet #397888

MMS, one more thing I should add - the reason I hope Denner and Amarin hash this out, is that I think it would be more well accepted by Wall Street if they come out *amicably* from this, and present a united front. Because if this gets bitter and drags out in the court of public opinion, my belief is that it will negatively impact the stock price (remember - analysts and institutional investors are not emotional creatures like us - they will view a board fight as a negative, even if we are pleased with Denner being brought on).

However, if Denner and Amarin CAN hash this out without a proxy battle, and if they come out *amicably* from this, and present a united front, I think Wall Street will view this as a *positive*, thus *helping* the stock price. And THAT is what we need. There is NO way anyone can sell the company when the SP sits at $1.80. or $2.00. or $3.00.

The SP needs to be flying, back above 3, and preferably back into the 6's or 7's before they entertain a sale. Because no BP is going to offer $15 (or even $10) for a $2 stock.

So.....we want them to do everything they can to pump the SP, and NOT do things that are going tamp the SP back down.