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Amarin Corporation plc Message Board

  • fghton fghton Oct 16, 2013 6:29 PM Flag

    Secured Lien Holder

    Thankfully I sold all but a couple thousand shares of this POS at $7.50 and I'm actually net ahead even if this opens up at zero. Thinking about buying some back it if it trades at $1.50 or under but concerned that we still owe the secured "bondholder" 150 million dollars. They have the rights to everything the company owns...patents and all. So if they get 150 million and the buyout is around 350 million....that would leave only about 200 million for common shareholders, and there are approx. 177 mil shares outstanding, so a little over $1 share before we burn even more money or issue even more shares..

    Just can't see how this one pencils out now no matter how you dice and slice the numbers....

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