It's bankrupt within 2 years. Highly leveraged company with mountains of debt. And still, they won't sell the company. The value of the company decreases daily as they continue to lose cash. More debt than cash right now, with cash decreasing.
Can you even fathom "not a penny under $30!" was the actual anthem fairly recently? Mind boggling stuff.
Why would Raj sell for any price when he can continue making tens of millions as "Chariman and CEO"? You can't stop the gravy train for him and the BOD!!!!!!!
I listened again to the last earnings call. I can't get over how everything, according to Brear and Constanti, is so fantastic!!! You would think this company was a huge high flier based on their rhetoric. Their talk and reality have a major disconnect. Will be interesting to see how many institutions dumped this garbage in the 2nd quarter. The large holders never last more than about 2 quarters before moving on. Never.
He built nothing? The company only exists because he diluted over and over, and borrowed money. He has created no cash flow. What an idiot.
Sure, maybe it is good news. But that doesn't matter for the stock tomorrow and for the next couple of weeks.
However, it could be viewed as negative in that AMRN does not survive on Marine only. So with this Niacin failure, it helps explain why the FDA may be taking tough stances on these drugs: they don't want another Niacin disaster, thus upping the bar for Vascepa. So with niacin crashing and burning the FDA might get tougher on Vascepa. Yeah, it doesn't make sense but who knows how these agencies work.
Reduce-It will have to be an overwhelming success for AMRN to survive as a company. Plain and simple, open and shut, black and white. The market says no, it will not be an overwhelming success. The FDA isn't high on it's chances either.
Doesn't matter whether it's actually good or bad news. All that matters is it's news, and it will thus be interpreted as bad. Like all other AMRN news. Consider yourself lucky if it only drops .10 or less. Probably hit new lows by the end of the month. But hey, maybe future AMRN type companies will learn from the mistakes of "not a penny under $30!".
For some reason the FDA developed a deep deep hostility towards AMRN. A nasty nasty hate, and a desire to crush it in any way possible. Interesting phenomenon but I have a feeling JZ caused it. And yet he still sits on the BOD..absolutely amazing stuff.
Hey other AMRN type companies.....take the money and run. ALWAYS take the money and run. It doesn't help AMRN shareholders in any way, but hopefully it helps shareholders of future AMRN type companies. Greed is NOT good for leveraged small cap biotechs with no revenues and massive debt. Who knew?
Then he steps down, but is STILL on the board.....STILL collecting free shares!!
He bought a huge mansion estate in Massachusetts last year with his AMRN proceeds. On "exciting 60-90 days" and NCE being "much ado about nothing".
It was a really small amount. I was looking for a dead cat bounce quick play. This company is a mess and I would never invest a large amount into this ever again.
you people are STILL learning that Raj only cares about Raj?? lol....and expect it to change anytime soon?
Remember JZ? NCE was not relevant cause they had patents! Remember?
Now the company is going balls out suing the FDA about something that was "much ado about nothing"?
JZ lied to your face and my face, and he's still collecting free shares. And "not a penny under $30!" is what caused all of this. $12 to $1.54 during the biggest biotech market explosion years and years.
And longs still think $5 right now would be a "low ball". You just can't make this stuff up!!
It would be nice to get ANY sort of win announcements from Jim "The Funnel Is Strong" Brear. Weighted to the 2nd half of the year apparently. Meeting 2014 guidance seems like a huge long shot at this point, given they haven't announced JACK of significance so far this entire year. The market knows it, too.
Yep, and the stock has responded. The market sees SVC as taking a larger portion of a static pie, as opposed to a growing pie.
PKT is the victim, despite growing the fastest. I love the markets! And James "the funnel is strong" Brear!