ETRM did not market VLBOC in Australia and EU so no numbers from there. I got the $ 10,000 device figure from calling the company. It is a best estimate I was told.
The market potential of 300,000 patients per year can be found from the internet when you check stomach staple surgery.
It is not that hard to calculate revenue potential. We trade at $ 1.64 because most people as was shown today have no idea what they own. If they did they would not have sold in the first place even though two paid bashing articles were published.
I did my homeword or DD last September 2013 over a 30 day period after following the stock for 4 months. I read every report and internal document there was. I also heard all the bashing of risks one could have told me. In essence I know what I own and I know the revenue potential. Great opportunites can be had when the investing public is ignorant and gives away their shares only because they are afraid. Being afraid is never a motive to sell. It is fundamentals that dictate selling not EMOTIONS. Watch as we roar back and then triple or quadruple on approval. The volume today of 6 million shares was mostly shorts covering. This is in itself very bullish.
The board is finally waking up to him. He is retired and makes a few bucks on the side. He was probably paid $ 25,000 in cash envelops to bash ETRM and to write a negative article on seeking alpha and also to pay a few $$$ to Adam F in another cash envelop to coordinate their story. The payor is most likely OREX who is a competitor and is seriously concerned with being 3rd and soon to be behind ETRM. They are afraid no market will be left to OREX.
This is speculation of course as I have no facts but I am pretty certain of my gut feeling. His name is Earnst Marmer.
Just my honest opinion of course.
Potential Revenue going forward.
There are 300,000 patients whom have stomach surgery. VBLOC will easily grab 50,000 patients once product is know at $ 10,000 per patient or $ 500 million in sales. Trading at about 1.75 times sales gives you about $ 840 million market cap which is $ 12 per share.
Easy to understand once you know the potential.
These White collar CRIMINALS have done this so many times I can`t count them. Each time the investors fall for it. I had warned not to put stop losses as they will steal your shares.
Tomorrow with FDA briefing documents showing a favorable FDA we will be up in the $ 1.90 or over $ 2 price.
Buy all you can we are going to SOAR once FDA documents are out and then on approval. What a gift!!!!
Yes I saw a big day but wrong way. Fed documents tomorrow will tell the world that FDA will accept VBLOC and we will rally back over $ 2. What a cleanup!!!!
Hi Ernest Marmer, I finally got your identity. Nice try with your article. I didn't know you were paid off by OREX for doing this. You fooled the masses but not me.
I am holding, Price target intact $ 15 per share by September 2014.
Article was written by oozehee22 and sillyoldqueen. HIs name is Ernest Marmer and he works for OREX. Nice coordinated effort between him and Adam F.
The writer of this article is oozhee22 and sillyoldqueen, both the same. You have the face to these posters now.
Finally caught him. Oozhee22 and sillyoldqueen is Ernest Marmer. He just wrote a negative article on ETRM reiterating basically line by line what these two posters repeated. See his profile it corresponds to what the posters said he was (seeking alpha
Pretty amazing that he is trying so hard to knock ETRM down. Question is why?
He said he is neither long or short, so where is the motive? How does he make his living?
Seems like he is making a few dollars while retired from bashing, paid by either firms loading up, by firms short or by competition like OREX since he was promoting this company. My guess is that he is paid from OREX to bash competition as they are 3rd on the market soon and do not want patients to flock to VBLOC.
Nice try, but I got you.
Common logic people. The more choices the greater the chances that obesity rates begin to decline. The market is big enough for all players.
The truly obese 600 pounds person will use stomach surgery.
The 180 pound fellow who wants to lose weight to 160 pounds will use pills
The 300 pound person who is afraid of pills and stomach surgery will use VBLOC. This includes most elderly who prefer safer alternative.
Together weight loss is achieved to bring obesity rates across the country back down.
There is an article by Adam Furestein today speaking of ETRM. His article was neither negative nor positive, more like I don't know which is symbolic of present investors. I think it relies in the fact that ETRM has already advised the FDA, the FDA Panel and the whole world of failing to meet primary endpoints on efficacy.
Normally companies go into the meeting bragging of their successes. ETRM is doing the opposite which explains why price has not rallied at all.
What I took from the article is that VBLOC patients lost 9.3% of their weight or 24 pounds in one year on average. In the real world no one wears any sham VBLOC devices, which is the real control group.
The FDA Panel must decided, do we approve a device which is very safe, has some side benefits of diebetic and hypertension reductions making obese people lose 24 pounds in one year or, we reject and leave them obese at 24 pounds heavier with a whole host of problems.
I think FDA mind was already made up last May 2013 when they encouraged ETRM to file PMA application and not run any other testing. The FDA wants to try something new to get people to lose weight and keep it off.
It is true that stomach staple surgery does result in greater weight loss but there are two problems, few people agree to this procedure and those who do suffer other serious long term health issues.
The trading of May 27th to June 2nd was very telling for me. FDA will encourage panel to vote YES.
We will have a better price come early September 2014 near the $ 15 range. All this back and forth is just that....back and forth.
My guess is that they were released on May 27th. During that week volume soared to 14% of shares outstanding and several bullish bets on the June 2.5 calls bought for about $ 500,000 all near the ask.
So you tell me, what do you think these Fed briefing documents show?
I am happy that OREX got delayed and hopefully gets rejected. Diet pills do not work and have serious side effects. FDA and doctors concur that there must be a better way.
VBLOC is that new alternative and will capture the WHOLE MARKET TO ITSELF. There is no competition for VBLOC.
Why is ETRM selling off? Because of people who like to lose a little here and a little there. Much like core trading. These people got burnt on OREX and now must sell secondary holdings like ETRM to recover from the OREX gamble.
If you want to be successful you have to ignore these moves and recognize to take advantage of them. Right now due to this mess ETRM is being given away. It carries a $ 110 million a total joke where pending approval sends it to a billion $$$$ per year industry with no competition.
This selloff is actually very good news to the strong longs as it removes the rest of the petty investors.
Rest assured that with stock in strong hands now, we will most likely open up DOUBLE DIGITS.