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Amarin Corporation plc Message Board

  • voltnfan voltnfan Jul 24, 2013 9:35 AM Flag

    Timing of dilution.......

    The timing of the recent dilution to raise cash much earlier than had been expected by the market can only spell out one thing.......the cash burn rate to be announced on the next conf call will continue to be much higher than expected. This scenario placed Amarin in a difficult situation and they had no choice other than to raise capital prior to the announcement of the cash burn rate to counter upcoming concerns over enormous burn rates. I have come to expect nothing but the worst possible news from these guys. Regardless how low the price gets they seem to find a way to announce even more negative news and further declines. They should eliminate their IR department to save money. They do absolutely nothing and after Joe Z made his money there has not been some much as another word or continued superhype from that scamming SOB. Their only accomplishment has been to create one of the worst performing stocks in the entire marke. And this while the market has been on one of the best runs in history. In this market could have thrown darts to pick stocks and made money. GIA and $100M financing at extreme usery rates followed by 15% dilution much earlier than expected can only spell huge trouble on the upcoming earnings call. Not to mention JPM huge reductions in sales expectations. The sales force is doing a horrific job at converting patients from Niacin and Lovaza in spite of the potential advantages of Vascepa.JMHO

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