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Sarissa presentation - interests with retail are not completely aligned Link to Feb 2nd Sarissa presentation is attached. It is well worth the read. One slide I thought noteworthy was when Sarissa is complaining that Amarin did not give shareholders enough notice ... because those shareholders that have been loaning their shares to support the short sellers might not have time to "recall" their shares. Well, fricking cry me a river Denner. I have even less sympathy for short sellers/those that facilitate short sales than I do for incompetent management. The one-dollar share price was a product of less than ideal BoD/management business decisions COMBINED with institutional chicanery. Even with the share price declines over the last few years these institutions have supported the BoD at the shareholder meetings - they do that because they have been making money as the share price dwindled. It is easy to cast blame - look for instance to that group that went from unsuccessfully bringing legal actions 1) blaming the judge for misconduct in the Amarin trial, to 2) blaming the Hikma attorneys for fraud at the trial, to 3) blaming Amarin attorneys for allowing the nonexistent fraud by Hikma. There are those that have proven themselves constantly willing to make a stink about Amarin, the company - any stink. It may be that institutional shareholders have had a significant role in Amarin's declining value. It is at least worthy of note that Sarissa is sympathizing with large shareholders who loaned their shares so as to enable short selling because, boohoo, they may not be able to recall their shares in time to vote even though anyone with half a brain knew this day has been coming for months. These people don't have my sympathy and Sarissa is off-base blaming the short-enablers' situation on Amarin. |
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Msg # | Subject | Author | Recs | Date Posted |
9166 | Re: Sarissa presentation - interests with retail are not completely aligned | ex_hacker202 | 0 | 2/14/2023 12:53:13 PM |