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rosemountbomber

05/07/23 7:57 AM

#408340 RE: FlyFishingStocks #408339

Much better when you describe the whole conspiracy theory. Would have been a nice touch if you had provided any SEC forms showing some of that trading though.

ziploc_1

05/07/23 8:18 AM

#408341 RE: FlyFishingStocks #408339

Denner's strategy historically has been to buy undervalued companies, get their prices UP, and then sell those companies for a profit...NOT to short the stocks of his recently purchased companies DOWN and then to buy the stocks back at lower prices!...Denner's buy at lower prices-sell at higher prices strategy has worked pretty well for him thus far....He is not a trader looking to make pennies...He is an investor, looking to make dollars.

johnhancoque

05/07/23 11:56 AM

#408346 RE: FlyFishingStocks #408339

So, you're saying most shareholders are underwater here? I beg to differ. Except for a few diehard l9ngs in since the late teens and early twenties, the sp has languished down here long enough to see a complete turnover in New shareholders with averages more consistent with current sp. Yes, there are those with high averages, but to say most of the 400 million shares are held from higher prices is absurdity at its finest. We have had massive tax loss selling in the years post du, and the float has changed hands copious amounts since then. The vast majority, save denner and a few other institutions, are new blood here.
Imho

JRoon71

05/07/23 7:01 PM

#408356 RE: FlyFishingStocks #408339

I agree with FFS. I think Sarissa is dragging their feet to get shareholders impatient for a buyout, and then going to find a lowball offer and take it.

Prolly getting like 6 bucks at this point. I'm starting to lose faith in Denner.

FlyFishingStocks

05/15/23 12:52 PM

#408981 RE: FlyFishingStocks #408339

Looks like this is becoming reality:

Now, with a 98% gain up and 44% swoon, they have managed to lower their initial purchase cost, gain 100% control, and put Amarin up for a substantially reduced price tag - to the chagrin of retail bag holders with an avg cost basis in the double digits.
Sure the price could spring higher than expected off this bottom pattern, but Sarissa is no longer hungry to roll up their sleeves and make the necessary strategic improvements to attract a higher bid. Who knows how low they’ll go. Current shareholders do not consist of fresh higher high hopeful institutions. They consist of underwater shareholders who want out at any cost, hence they’ll vote in favor of a cheap buyout.
That’s my opinion. That’s been P-Dude’s opinion and so far it has unfolded exactly as outlined.
Those who argue against this sequela have no facts, or convincing argument - hence they resort to mud slinging.