Replies to post #433654 on Amarin Corp Plc (AMRN)

[ProLiberty]

Agreed. And in a typical company dominated by management and a captured BOD, you might well see enrichment of insiders at expense of shareholders / a full burn of any cash. In this case, Sarissa is in full control and should be able to force further cost cuts and a sale if the best option to avoid massive cash burn.

[Birdbrain Ideas]

I do recall the report three years ago when Amarin lost $50 million or $70 million in a quarter and it seemed that the share price was falling nonstop for two months before earnings were announced so it was clear that word had spread. This quarter, we've seen the opposite, where the stock has risen more days than not since the start of the year and volume has remained muted. I think if there was particularly bad news coming out, the company might have preannounced. Same if there was good news. Still, I guess it's possible that we lost $20 million in the Fourth Quarter. Hope not, but it's possible. And that might explain why there has been no rush to start a share buyback. Or maybe they're preparing to announce a way to get the share price over $1 that won't make investors happy. Besides the market's collapse today, fear of the unknown may have driven some sellers.