Replies to post #419100 on Amarin Corp Plc (AMRN)

[Nukemtiltheyglow]

N7; you’ll have to admit. Alex Denner and CEO Holt at least have some skin in the game. They both have made quite an investment in Amarin with their own money I might add.
The Old Board did not and we forget how many free shares they awarded themselves at shareholder expense.

You’re also forgetting that the markets took a beating. Oil embargo and sanctions didn’t help either?

[Whalatane]

What has the new board done ?...From their last CC

-- Delivered Positive Cash Flow of $9 Million in the Quarter with a Cash Position of $313 Million --
-- Comprehensive Cost Reduction Plan Implemented in July with Expected Savings of $40 Million Over 12 Months--

I doubt if your balance sheet would look this good under KM
JMO. No position
Kiwi

[Jasbg]

sleven,

My question to you was, what exactly has this new board done to improve the position that Amarin is in.
Sleven,

You and I and everyone else can thank the new board - for 'getting spending under control - which in the end is what gives Amarin 2 - 3 years more to 'turn the ship' (chance to survive).

The number of posters here (not many but very loud) that saw Sarissa and Denner as a threat - never understood what the + 100 millon Blue shareholders took as common sense and logic - that someone with the power to do something about it - cared enough for Amarin shareholders - to take on' the old board in a proxy - was/is a gift given to us all.

SWOT Analysis for Amarin
Strength

Currently debt free.

Weakness

No major weaknesses identified for AMRN.

Opportunity

Has sufficient cash runway for more than 3 years based on current free cash flows.

Good value based on P/S ratio and estimated fair value.

Significant insider buying over the past 3 months.

https://finance.yahoo.com/news/investors-undervaluing-amarin-corporation-plc-105824559.html

Actually a rather nice read - thinking ahead 🙂