Replies to post #432737 on Amarin Corp Plc (AMRN)

[mrmainstreet]

IMO the easiest way back to $1 would be throwing $5-10 million into a concentrated buyback over the next 2 months. They already have approval for it.

[Skipperdog11]

this company has no business being listed on the Nasdaq if it cannot achieve listing requirements as a result of its ongoing operations. Five or six years post trial readout and the stock typically trades under a $1,000,000 volume per session. It needs to be sold as is. Exchange listing offers no value at this point. You can reverse split this 1 for 10 and I guarantee the stock is sub $1.00 in 6 months.Sell it ASAP!

[Whalatane]

There may be some exceptions where a Co does not need shareholder approval ....which would be listed in their charter ...outside of that ...yes it takes several mths to get all the paper work submitted and approved AFTER the share holders have voted in the majority ...at a special meeting / vote ...to go ahead

The process can take several months due to legal and regulatory requirements, including proxy preparation, SEC review (if applicable), and scheduling a shareholder meeting26. For companies addressing exchange compliance issues (e.g., minimum price rules), the reverse split must generally be completed by the next annual meeting or within specific cure periods67.

Whats the exact date they fall out of compliance if still under $1 ?
Figure action ( shareholder vote ) 3 mths ahead of that

Kiwi

[Whalatane]

JR.

On November 22, 2024, Amarin Corporation plc (the “Company”) received a notice (the “Extension Notice”) from the Nasdaq Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that Nasdaq has granted the Company an additional 180 calendar days, or until May 19, 2025, to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”)

So my guess is a shareholder meeting / vote before the end of February to approve a reverse split ......unless they pull off some thing outrageously positive for the PPS

Kiwi