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Amarin Corporation plc Message Board

  • longfcel longfcel Apr 11, 2013 4:19 PM Flag

    About Omthera....

    I've read the PR.

    Bad point:
    - nobody knows their financial situation. Debt? Cash? Current Eps? Cash burn rate? How much they usually spend for every qrt? And these are not small things.

    (Apparently) good point:
    - Mcap is low. There will be surely diluitions in order to collect money to fund end of ph3 (hightrygs) and to fund their cardio-events trial. But currently, are there really only 8 Mil$ shares? Mcap 64 Mil$?

    Cash from IPO is 64 Mil$.
    With a Mcap 60 MIl$, it's worth to try buying some as soon first qrt report becomes public.

    Opinions?

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    • I think they had 21million something shares before the IPO, so they should have 29million shares now. So the "cheaper" ipo meant a larger dillution and somewhat smaller mcap. Still, they have a few years to market so in no way do they have money to launch anything.

    • Longfcel, market cap is $193M.

      " The Princeton, N.J.-based company had originally filed to offer 5.8 million shares at a much higher range of $12 to $14, resulting in a deal size 15% smaller than anticipated. Existing venture backers purchased roughly $17 million (26%) of the IPO, effectively reducing the float to $47 million for the Nasdaq-listed deal. At the $8 offer price, Omthera commands a market cap of $193 million, with roughly $77 million in post-IPO cash"
      w*w.seekingalpha.c*m/article/1336511-chimerix-stock-soars-as-2-biotechs-debut-thursday?source=google_news

    • MOre data.
      Forms 4 Just published.
      They should call it... "how to make money" forms..... my G.

      ------
      SOFINNOVA CAPITAL
      150k warrants @ 0.01......... (from tuesday)

      630k conv-notes @ 8$......... (from tuesday)
      5 Mil$ paid for them.
      ------
      CEO
      3125 warrants @ 0.01......... (from tuesday)

      12k conv-notes @ 8$......... (from tuesday)
      100k $ paid for them.
      ---
      NEW ENTERPRISE ASSOCIATES 13 LP
      holds 4.4 Mil conv-shares 1.4to1 at the close of the IPO (when is the close?)
      ---
      SOFINNOVA CAPITAL
      holds 3.1 Mil conv-shares 1.4to1 at the close of the IPO (series A)
      holds 2.6 Mil conv-shares 1.4to1 at the close of the IPO (series B)
      ---
      CFO
      316k options@2.08, vested in 4 years
      25k conv-shares 1.4to1 at the close of the IPO
      --
      COO
      221k options@2.08, vested in 4 years
      28k options@15, vested in 4 years
      25k conv-shares 1.4to1 at the close of the IPO
      --
      more for CEO......609K shares
      CEO's relatives...... total 730K shares
      36k conv-shares 1.4to1 at the close of the IPO
      ---
      CMO
      900k shares
      520k shares, indirect
      51k conv-shares 1.4to1 at the close of the IPO

      ------------------------------------------
      ------------------------------------------
      So, if I don't miss, overall shares are now:
      public IPO: 8 Mil
      shares from convers 1.4@1: 14 Mil
      common shares to directors: 2.7 Mil
      ***************near 25 Mil shares right now************

      excluding CFO & COO vest in 4 years
      excluding Soffinova's & CEO's conv@8

 
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