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Amarin Corporation plc Message Board

  • tartwiththecart tartwiththecart Nov 15, 2000 8:50 AM Flag

    Shares Outstanding & Misc.

    Pine & Sang.

    It seems we have our own
    mini-board. The company says they have 5.6M undiluted ADRs
    out. Diluted that goes up to 9.8m ADRs. That second
    figure includes all the Elan component, options and the
    works. At least as far as I can tell.

    I agree
    with Sang that the Swedish operation is the left over
    Ethical facility. Management states that they have
    embarked on a program to revitalize the operation through
    new contracts and development work. Let's hope for a
    deal or two this year.

    Regarding comps, I am
    somewhat familiar with Bradley and First Horizon. I think
    AMRN is moving away from the Bradley model to the
    First Horizon one. Management has Elan and Wall Street
    experience. Product sales is growing rapidly and big brother
    Elan is nice to have behind you.

    If they put a
    product into the pipline and have another solid
    quarter...this could get interesting.


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    • Dear Tart

      OK..according to your numbers of
      ADR's Amarin has an undiluted market cap of $35.7
      million and diluted of $62.475 million based on Fridays

      Why does Yahoo, NASDAQ etc say it is $10 million?


      • 1 Reply to sanguinesam
      • Dear Sanguinesam,

        I believe that Yahoo can
        only update their info if the company makes the
        necessary filings with the SEC, that's the "raw material"
        for the info displayed in Yahoo. A SEC filing for
        Amarin? Not easy to locate. The NASDAQ info is even more
        unreliable than Yahoo, in my opinion.

        In any case, if
        you review previous press releases by Amarin, you
        will see that over the last year Elan has converted
        some notes in stock, and that Amarin has placed some 3
        million shares with US investors.

        So, just believe
        what I (and Tart) have been writing here: Amarin has
        nearly 10 million shares, fully diluted: almost 6
        million shares "undiluted", plus some more Elan
        convertibles, plus a few options.

        Incidentally: the US
        private placement was made at around $3, so there is
        always the risk that one of those lucky guys starts
        selling a few shares. Also, the Elan notes were converted
        at around $5. So there you have it.

1.00+0.01(+0.85%)Dec 26 4:00 PMEST

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