News Focus
News Focus
icon url

softballdaddy

03/08/11 1:32 PM

#545 RE: Cryptics #544

Thanks
icon url

Cryptics

03/08/11 2:02 PM

#547 RE: Cryptics #544

Honestly, I don't think we have a chance in hell to hit $8 again with these potential sales hanging over AMRN's head. Most likely will have to wait until Anchor.
icon url

io_io

03/08/11 9:24 PM

#551 RE: Cryptics #544


you will determine there are 6 unknown days when abingworth plans to offer "day order" sells for
1.25MM shares as well as 3 unknown days when they plan to offer "day order" sells for 333k shares
.


Not exactly. You count 6 and 3 correctly, but these are not "days". Instead they are price minimums, which have not been disclosed. The mention of "day orders" is just a strategy for avoiding selling at less than best price.

The fact that the selling only recently started implies that we are currently within some, but very likely not all, of these price minimums.

Finally the plans run out to December, a long way past the Anchor results.