Replies to post #420538 on Amarin Corp Plc (AMRN)

[Jasbg]

Captain, Exactly. Besides that - their 'friends' can trade personally for that matter - 100 ways to trade legally keeping the SP above $1.
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What we dont / cant know for sure is' - if there are forces out there 'deliberately' - trying to hurt / destroy the Sarissa / Amarin plan to 'for real' improve the SP of the Company.

Volume for the next days should give a indication on that. If volume goes up - without SP rising could be an indication of Short pressure.

[JRoon71]

CaptBeer, not sure about that. I believe Sarissa is considered an insider, as they retain multiple board seats:

The Company’s officers, directors, certain employees, certain consultants and certain stockholders (and their family members) are considered “Insiders.” Insiders are subject to insider trading laws that affect the sale and purchase of the Company’s stock. In conducting the business of the Company, Insiders may from time to time obtain material nonpublic information regarding the Company or other companies. Insiders may be sued civilly either by the Securities and Exchange Commission ("SEC") or by private litigants if they trade in securities while in possession of material nonpublic information concerning the issuer of the securities. They may also be charged with a criminal violation. In recent years, the SEC and United States Attorneys have aggressively investigated and prosecuted persons who engaged in insider trading or tipped others.

This Insider Trading Policy (this “Policy”) summarizes the insider trading rules and explains how Insiders can buy or sell stock so that they are in compliance with laws prohibiting insider-trading. This Policy also summarizes the consequences of violating insider trading laws.

You are responsible for ensuring that you and your family members comply with this Policy. Violations of this Policy are a serious matter. If you (or a family member) violate this Policy, you may be subject to civil and criminal charges. Your violation could also be grounds for dismissal with cause.

1. Rule 10b-5 Prohibition on Insider Trading.

SEC Rule 10b-5 prohibits corporate officers and directors or other insider employees from using confidential corporate information to reap a profit (or avoid a loss) by trading in the Company’s stock. This rule also prohibits “tipping” of confidential corporate information to third parties.

· Who is an insider?

An “insider” is an officer, director, 10% stockholder and anyone who possesses inside information because of his or her relationship with the Company or with an officer, director or principal stockholder of the Company. Rule 10b-5’s application goes considerably beyond just officers, directors and principal stockholders. This rule also covers any employee who has obtained material non-public corporate information, as well as any person who has received a “tip” from an Insider of the Company concerning information about the Company that is material and nonpublic, and trades (i.e. purchase or sells) the Company’s stock or other securities.

This policy also applies to your family members who reside with you, anyone else who lives in your household, and family members who do not live in your household but whose securities transactions are directed by you or are subject to your influence or control, as well as trusts or other entities for which you make investment decisions.

· What is material inside information?

Courts define “material inside information” as information which, if known, could reasonably be expected to affect the value of the Company’s stock, or which would affect the investment judgment of a person making a decision to buy or sell the stock. Information is considered “material” if there is a substantial likelihood that it would be considered important by a reasonable investor in deciding whether to purchase or sell stock, or other securities, or if the information would be viewed by the reasonable investor as having significantly altered the total mix of information available to the investor before making the purchase or sale. The information need not be the determining factor, but must assume actual significance in the investor’s deliberations. Examples of inside information include:

- a material change in anticipated earnings (up or down);
- proposed public or private offerings of securities;
- loan defaults;
- pending or proposed mergers, acquisitions, joint ventures, or sales of significant assets or other strategic plans;
- regulatory approvals, patent registrations or issuances, investigations, etc.;
- a proposed offering or issuance of new securities;
- the occurrence of, or important developments in, major disputes, claims or significant litigation (whether or not meritorious);
- a change in management;
- new product announcements; and
- the gain or loss of significant customers, suppliers or business partners.


Material inside information can be either positive or negative.

Information is “nonpublic” if it has not been disclosed to the public generally. For information to be considered public, there should be some evidence that it has been widely disseminated and that the investing public has had time to absorb the information. You should generally consider information nonpublic until after the second business day after the information is publicly released, such as by press release or widely circulated public disclosure documents filed with the SEC, such as prospectuses or 10-K, 10-Q or 8-K reports. For example, if information is disclosed via press release on a Monday, it can be considered public beginning that Thursday.

Just because Sarissa Capital has Board Seats doesn’t necessarily mean that they are insider traders. They can buy and sell at anytime they want.