Replies to post #417438 on Amarin Corp Plc (AMRN)

[JRoon71]

Well-said, Kube.

The one thing I will remind you of on the "expense control". It was prior management that ran up the Inventory balance, and now Denner's team is benefitting from that, because they don't have to lay out cash to buy more product. They are simply working through inventory to remain cashflow positive. So other than firing the whole sales team and several managers, they haven't done much.

Basically, Denner is continuing the exact same road the prior management team and board laid out. GIA until they figure something out. And I don't see that changing for the next few years.

So much for the "Denner Magic".

[ramfan60]

kube, using your analogy, remember that Denner is more the team owner than a player so he won't be fired. He can only sell the team. if it does or does not perform.

[Jasbg]

the_kube, Played a lot of ball in my youth - so understand your analogy.

The Board's gets paid via shares in the company's where they are members - that is common knowledge. These are all 'new Board members of Amarin - so of course they needed to be reimbursed for representing the company - for a start.
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What did not look good before the Proxy changes - when it comes to the F4 payments in shares - were that Amarin management came out and said it were 'bonus based' - when SP at the same time fell and fell - every year. And this were mostly for Board members - who already had been paid thousand and thousand of shares for years - many who held millions already.

It is not fair - to equal that Sarissa and Denner has to 'pay' their new Board members - first year for attending the job - to the Old Amarin Board - many have been in the seats for more than a decade - and still they were awarded collectively millions of shares "in bonus!" - even the value of Amarin were ever falling.

Should Sarissa/Denner here after - 'hand out F4 bonus shares' to the new BOD - even the value (God forbid) keeps falling - then we have a situation where your criticism will be correct.