Replies to post #434093 on Amarin Corp Plc (AMRN)

[Tatsumaki]

https://fintel.io/so/us/amrn/sarissa-capital-management-lp

13F summary, bottom of page. End of 2022. 19M shares sold out of his LP to multiple sub funds ahead of the proxy. He listed the active sub funds in the proxy... a list of friends, off shore accounts, holding accounts, etc. This activity routed through his prime broker for sure as it was discussed at the time on this board with people thinking MS picked up 19M shares to help fight his proxy. No, it was those same shares getting distributed. Q3 2023, 5M shares sold back to his LP from his sub funds. Q1 2024, 14M shares back to his LP. All the while he's claimed he "never sold a share". Share prices at those transaction dates were all well below his initial buy in and transaction gets booked at that share price. You don't get to just move shares at book value to another tax entity. He's been offsetting gains, taxes, etc.

Also, why do such a convoluted holding structure? Well, all his sub funds can do what they want. Buy, sell, short, etc without reporting as they're exempt from 13F&D requirements. Meanwhile, the LP just reports his total "controlling interest" of the total shares as long as the LP doesnt break a 1% move in outstanding shares.

[JRoon71]

Just follow the 13f's over time. Why do you think one quarter he has 33M shares, another quarter he has 4M, and another quarter he has 24M?

And why do you think Morgan Stanley (his prime broker) mysteriously has 30M shares one quarter, nothing another quarter, timed with Sarissa's share changes?

He's moving them around his various sub-accounts. Nothing wrong or illegal about that. Just taking tax losses like any investor does.

He also stated that he could short the stock on his proxy. No reason not to believe him.

He's booked losses across sub LLC's to offset gains in his other positions

Please provide the detail that backs up your conjecture.