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NeuroMetrix Inc. Message Board

  • analogphoneline analogphoneline Mar 2, 2013 8:45 AM Flag

    Company in a nutshell

    Take away the product and look closer to the company you are investing in:

    The company spends five dollars to spend somthing worth one and then pays 5 "key" executives 300,000 - 600,000 dollars to do so.

    I'm not sure if spending 5 bucks to sell singles commands 5 people getting paid so much. The company can not even give a timeframe and tell you how much more cash will be needed to reach profitability. Since the board of directors is corrupt, and in if you search long enough there is always a sucker that bites at the dream of a carrot, the company has lasted this long. The board of directrors should have forced an asset sale a few shelf registrations ago. The only good news here, which is still bad, is that Neurometrix will have an even harder time to raise capital as a result of their history doing so, and may not be able to. If this happens, the company will finish draining the cash paying out executive salaries, liquidate assets for pennys on the dollar, shake hands and start a new company with an even flashier name selling the same thing.

    Neurometrix is not an investment. Its a bad gamble at best. There are better places to put your money.
    Be an investor long enough and you will be disgruntle as well. Hopefully Dowbum is finally done with this curse of a company and has finally started making back all the money lost here like me. I got crushed last shelf registration and offering when they sold shares at a huge discount to the market. I've almost made it back elsewhere. Luckily I did not stay or I would have lost a whole lot more.

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