Good data point... Many times when the company is in the last stage of the study and has potential good outcome, the stock goes up when you are able to make a PP. It not only gets the needed funds to complete the study (RI here) but also creates a positive perception about the company that some funds are willing to invest in the stock at the current evaluation. I am not saying that we will have the same outcome for AMRN but there is a good chance and time will tell. Good luck to all!!!!
Sentiment: Strong Buy
"Private placement is a funding round of securities which are sold not through a public offering, but rather through a private offering, mostly to a small number of chosen investors."
I put the definition out there so there is no confusion of what private placement (PP) is. So I'll repeat for the needy - LBIO did a PP today and their stock soared 41%. SWALCHIE hopes that Amarin dilutes rather than do PP, as they did over a year ago with Baker Brothers. IMO, if funds are needed (is a big IF), we will do another PP with BB - we all know what happened with PPS last year with us and today with LBIO, after PPs. Rightfully do (for himself) SWALCHIE hopes that dilution happens and not PP because he wants to buy cheap.
Don't know why my previous message isn't coming out...
I'm not talking about Jefferies and I'm not talking about reworking an old deal with BB. I'm talking about making a new deal with BB, similar to the old one and just like LBIO did today.
That is my point, AMRN did PP with BB before, sn't it logical that BB would do another one, especially after knowing that futility has been ruled out?
Did you see what happened to LBIO's stock price today after they received a $100 million private placement? You're telling me BB would not do this to AMRN IFFFFFF funding is needed?
TRx: 15.55k, up 0.8% from 15.43k
NRx: 6.23k, down 0.3% from 6.25k
TRx: 2.41k, down 5.6% from 2.56k
NRx: 807, down 7.0% from 868
TRx: 58.94k, down 1.3% from 59.73k
NRx: 21.57k, down 2.5% from 22.12k
In a RED Market Day, can AMRN keep topping 1M trading volume by new comers, buying on the dip and short covering?
Volume is the KEY.
Slimeball Short handbook Page 4
If all means of psychological disenchantment with a stock presented in pages 1 thru 3 somehow prove ineffective and the S/P starts to rise present other stocks with pseudo potential to make huge profits to lure less intelligent investors away from their investment.
If above does not work, bend over and kiss your A$$ets goodbye and cover immediately.
I believe that the PPS will top $3.33 (52W High) on Labor day.
A refinancing ($100M?) will follow. But it may not hurt -- w positive RI, every body understand that the funding is necessary for carrying through. 20K weekly RX (in late 2016) will make cash flow positive, but 25K will be needed for profitability (in mid 2017). Good things do not happen in one day. Just be patient.
W/o RI output, the company is not for sale. W positive RI outcomes, a BO should be above $20 (borrowing JZ's words: "not $1C less". :-) Just be patient -- wait and see.
Exactly! Look at he volume. This is going to move. Good drug study and scrip data. Small market cap, potential $500M+ drug. Could see buy out in next year or two int he $1-2B range.