May. 15 at 3:04 PM
$AMRN Preventing further dilution on the sly is a good thing. Since mgmt's compensation upside is already tied largely to stock, they will be careful about reducing cash on hand too much. Everyone will notice, and that's the only asset that is currently being valued by the market. If they crash the stock by being overtly greedy, it will more than offset the value of their cash payouts. The "talent" at this company is largely mediocre and disposable. They'll hang around. Mgmt and Board are already deeply invested, so you don't need to overpay. The dilution was a slick greedy move -- and unnecessary. The light will be shining bright on what they do with cash reserves, so I don't think they will fiddle with it too much. Sell the damn company already. That's how you'll get a meaningful bonus.
