Replies to post #401890 on Amarin Corp Plc (AMRN)

[JRoon71]

Don't joke. This was my initial worry when Denner first initiated. That he would try to take the company private, fix it up, and than flip to a BP for a huge gain.

I'm less concerned about that now, because he did not keep buying big when it was down in the 1's. But it's still not out of the question. The fact that he is is trying to oust the Chairman, and add 7 board members tells me that he is planning something big. He doesn't "just want shareholder representation".

I've said from the beginning, Denner represents Denner (and his OWN shareholders). He doesn't represent us.

But at this point, I am willing to take that risk.

I'll laugh and crack a beer when Denner gets a controlling interest, takes it private for $5 to kill the outstanding board options, and then flips it for higher a few years down the road after he owns it all.

[ramfan60]

I doubt the majority of the stock out would vote to accept going private at $5. Not happening.

[mrmainstreet]

If that happens I'll take my $5 and live to fight another day. Way better option than going GIA and watching our remaining cash go to zero.

[oneragman]

Tat, that's not happening. This isn't a US based company where you need just over 50% for a buyout. Read Irish takeover laws. It's a minimum of 80% of the vote and could be 90% based on an EU directive on takeovers. So you can laugh and crack a beer, but it won't be because Denner took the company private.
https://content.next.westlaw.com/practical-law/document/Ia59cb640643d11e38578f7ccc38dcbee/Public-mergers-and-acquisitions-in-Ireland-overview?viewType=FullText&transitionType=Default&contextData=(sc.Default)#:~:text=Under%20the%20Takeover%20Rules%20a,voting%20rights%20of%20the%20target.

[IgnoranceIsBliss]

Last time I checked, $5 is 150% above $2.

I think most people here are hoping for more than $5, but violent objections to a 150% increase from the current share price feel a little silly to me.

Especially when the alternative on the table is $0.