I have no doubt we will be in double digits and those who were impatient and sold today will look pretty foolish when stock is at $ 18 per share having sold in panic at $ 2.11.
Impatience is so costly as it blinds reasoning.
The fact is that the news today removes ONE HUGE uncertainty and provides some stability in the short term.
There was a risk of no Fed Panel and this got eliminated today.
There remain two risks, Fed Panel vote. If it passes then one last one of FDA vote which should be June or July 2014 as they are pretty quick.
The buyers today are most likely long term holders who like the FDA Panel date and will hold. Those selling were short term swing traders hoping for a pop on FDA Panel Date news. It didn't happen so they gave their shares away for nothing.
Look for us to slowly ramp up to new highs as everything is bullish with date and cash on hand.
They have $ 23 million in the bank plus could raise another $ 6.5 million from ATM so they have plenty of cash for operations. They will probably raise funds after FDA Panel approval when we are in DOUBLE DIGITS.
You are missing the point. The disconnect is too large. It is like Coke being valued at $ 100 billion and Pepsi at $ 100 million. Kandi should carry a much higher valuation. Yes they are targeting a different market than Tesla but it is still the EV market. Where-as Tesla will sell cars at higher price, Kandi will sell more cars at a lower price. In the end, both will report profits and I am guessing once Kandi goes on fire, bottom line will be the same hence valuation should be higher.
You never know. Obesity is such an epidemic for the USA that they truly are in need of help. Pills and stomach staple do not work. Given limited options FDA may want device on market faster than you think. It reduces cost of healthcare too.
It is beginning to look like Fed Panel may not be necessary as data for VBLOC is strong enough for approval.
FDA has done this for other companies where evidence is STRONG.
I think we may be in for a SURPRISE ANNOUNCEMENT. Even ETRM may not have seen this happening.
We are heading back in the right direction. Next set of news will bring us to new HIGHS.
LOAD UP while this is being gifted to you.
Fed Panel will EASILY approve VBLOC. There is no concern I saw. First FDA was shown 12 month data by ETRM before filing PMA. FDA said to go ahead and file. Then FDA asks for post approval material and 18 month data to beef up the file.
Sure looks like approval.
KNDI is going to have to work OVERTIME to reach this number. Subsidies extended beyond 2015, probably until 2020 as CHINA says they are way behind schedule on the 20 million EV cars.
KNDI short term $ 40 per share based on this info alone.
FYI prior to filing PMA ETRM went to have a sitdown with FDA. They showed them the 12 month data and asked if it was going enough for approval. It was the FDA which encouraged ETRM to file PMA. It would seem hypocritical to ask them to file and then say it is not good enough to file.
So your concern although real one is muted. Fact FDA asked for 18th month data and, asked for info on training and post approval stuff means we will get FED PANEL DATE.
I will say we should hear about it next week or week later at most.
My target price is double digits $ 12 per share so if hold on you will be millionaire a few times over.
I called the company asking same question. I wanted to know if company was still in discussion going back and forth on data. I was told that the FDA is managing their TIME SCHEDULE and it is out of their hands.
ETRM filed PMA in June 2013. We know FDA looked at the data and requested the 18 month data in October.
This data was strong and started this rally. If there was concern with the data then they would have said something by now. It is 3 months since 18 month data was divulged so my guess is that the delay at FDA is managing time to set up FDA Panel board. It is possible FDA decides data is good enough for approval and no board.
I highly doubt they need more data. If they do, ETRM has 36 month data from Austrialia so this is not an issue and data there is similar to 18 month data.
If we spike up again on strong volume with no news then I have to presume that something else is going on like possible buyout in process. A buyer could be MEDTRONIC getting ETRM on the cheap before it gets approved by Fed Panel, which is a slam dunk.
I saw orders of 83,000 shares, 83,000 shares and then 158,000 shares....
Must be a LEAK....volume is too strong.
Hopefully it is just speculation of Fed Panel Date.
Maybe also article in one of those investment journals.
Watch it EXPLODE....
If you are Long you sell the MARCH calls for 20 cents. If you bought stock at $ 1 then you make 20% return in 30 days if price stays under $ 2.50. If you do this enough times you will have doubled your money.
We are trading at $ 1.94 because VBLOC is not approved. What will it trade if APPROVED.
You said 10 times that amount, so I guess $ 19.40.
You can buy a blue chip stock like Apple feeling secure and in 3 years they become a Blackberry.
Let me tell of the others I found which like you say was risk and could be worthless:
a) CSIQ found it at $ 3.75, went to $ 43
b) RMTI found it at $ 3.75, went to $ 15
c) KERX found it at $ 3.5, went to $ 15
d) Jazz found it at $ 10, went to $ 150
e) DNDN found it at $ 3.50 went to $ 50
f) Google found it at $ 103, went to $ 1,100
g) Gorro Gold found it at $ 4 went to $ 28
The list I have found goes on and on and on like this.
I don't know why but investors are too risk averse, impatient, afraid and non-confident. They miss huge opportunities by going on emotion and not hard research.
Obesity in the USA is an epidemic. The USA is broke and needs to bring healthcare costs down. The USA spends $ 147 billion per year treating fat people diseases. Doctors are not prescribing diet pills due to severe side effects and, stomach staples is shunned by people due to drastic change in life and side effects.
HENCE A HUGE VOID TO FILL. VBLOC is safe, has diebetic and hypertension benefits which are two big illnesses. It does bring weight down and keeps it off without severely altering a persons life plus it benefits OBAMA by reducing costs.
SO WHERE IS THE RISK? The only risk I see is missing out as we hit your ten times estimate.
Talk about cheap....if you can't see this then you should retire from investing...
Your analysis is incorrect. Of the 528 million, there are 100 million in USA alone and there will be insurance coverage making it affordable.
The VBLOC will cost $ 10,000, which is easily financed with any bank loan if needed over a 5 year period costing perhaps $ 200 per month. People pay more in McDonald burgers than what it would cost them per month on VBLOC.
Obesity is a RICH MAN'S problem, since poor people can't afford all the luxury food the rich eat.
Do a google search using the words" worldometers" and check out their statistic. There are 528 million obese people in the world. At $ 10,000 per VBLOC device it translates into a market potention of
$ 52,800,000,000,000. Yes that is 53 times 1000 trillion in dollars.
And there are those who still see risk in ETRM which carries a $ 120 million valuation.
Can you see the light?