Replies to post #434445 on Amarin Corp Plc (AMRN)

[lizzy241]

sleven, this explanation below is the most logical explanation I could find regarding the change in ownership. I've mentioned this information in a prior post. It is totally acceptable and for risk management purposes it's the most logical method of reducing the cost basis. Given the low volume on many days there's no way Sarissa can short a position into the open market without the price going to .10cent.

Yes, a hedge fund can move a block of stock from one prime broker to another and then mark down the current value to take a tax loss. This process is known as novation and is used during fund restructures or when a fund switches from a single prime broker to a multi-prime broker model3. Prime brokers play a vital role in helping hedge funds thrive by providing services such as risk management, performance optimization, and IT infrastructure upgrades1245.

[DAR53]

Sleven,but I'm having a difficult time with the number of shares as he states they have never sold a share. As of the posting you linked, are the other 9M shares in one of his other funds?