Great news today. Shows with time VBLOC endures with weight loss as mental power in sham group dissolves.
VBLOC will easily be approved now. Going to $ 12 per share as predicted.
This is information for new investors. First of all I must say that I contacted the company to obtain some clarification on some issues. The obesity market costs taxpayers $ 147 billion per year and the government needs help to bring these costs down if they are going to one day reduce the deficit and balance the budget. The FDA has changed its guidelines on obesity pills and devices where they will now approve if there is benefit and safety versus risk. VBLOC which is the device belonging to ETRM reduced weight by 24.5% EWL with statistical significance of P = .002 versus placebo and, it has hypertension and diebetic benefits. This makes this device easily approvable once FDA Panel mets in Jan to Mar Quarter of 2014.
In terms of the device, it should retail for $ 10,000 and, the hospital stay is another $ 10,000. Insurance companies are going to flock to this device since it costs them millions of dollars to treat an obese person versus just $ 20,000 one time fee.
In terms of market in USA, 69% of US is either overweight or obese. Out of 330 million people it means 228 million is the target market. Now listen to this, if VBLOC gets just 1/10 of one tenth of 1% of this market which means .001, it means 227,000 patients. Now lets cut that amount even further say by 55% you get 100,000 patients per year. At $ 10,000 per patient you get $ 1 billion in Revenue per year.
In terms of earnings lets say they earn 15% of this to the bottom line, biotechs usually will have something like 40% or 50%, so you can see my numbers are conservative. 15% of $ 1 billion in revenue is $ 150 million in profit. If you have 60 million shares in circulation you have earnings per share of $ 2.50 per share.
Tell me, is it a good investment to buy a stock at $ 1.37 when it will earn $ 2.50 per share. Do you see risk?
About this penny_dreaddful person, he is a paid basher, either his hedge fund has bet the wrong way or is accumulating.
Put on Top as HEDGE FUND does not like my calculations and affects their buying power since they have to dig in their pockets and pay you more for your shares.
See how penny comes out each time I post bullish item, he comes back with negative. He says he cares about you and that is why he is doing it. Do you believe this is love from penny or simply panic as I got his number and his hedge fund will have to pay you more.
I agree with you. At least we have exposed him for the roach and liar that he is. No ordinary investor passes their time bashing a stock because he or she cares about others. He is a paid basher and the fact he keeps posting means that he is losing the battle in terms of his credibility of being a passerby with no interests.
There are only 35 million shares in circulation, it doesn't take much for it to be a $ 12 stock.
Numbers do not lie. Penny_dreaddful will need to reimburse his hedge fund since he is not holding price of stock back while they load up. They will have to pay the piper.
We have hedge fund's number, can't fool anyone, penny_dreaddful is finished, too obvious and poor communications skills.
Keep to the Top as this is bother penny_dreaddful who represents hedge fund trying to buy ETRM at low price.
Numbers don't lie, bashers do and they lie because they want hedge fund to keep price low while they buy in the millions of shares. The float is only 35 million so any hedge fund cannot load up without having a paid basher and the one on this board is penny_dreaddful. It does appear that the calculations of $ 12 per share do bother the hedge fund, for the world to know.
This headline sure bothers Penny_dreaddful so I will keep posting it. His hedge fund will have to pay triple the price to even interest me into selling a bit.
Thanks to John Patrick for article on bashing. Lets keep this to the TOP since it is definitely affecting the hedge fund that has to load up on stock.
VBLOC had blockbuster results and let me tell you why the market has not seen it by remaining focused on endpoints.
Lets say a person weighs 500 pounds. The cost to treat this person throughout their whole life from all sorts of complications due to obese weight will total easily between $ 2 million to $ 4 million.
The insurance can be let off the hook of this million dollar payment by having a patient implant a VBLOC device for $ 10,000 plus $ 10,000 hospital stay. The benefit vs risk is clearly very interesting for insurance companies.
On the issue of VBLOC this is all investors need to know regarding the 500 pound person:
a) If he does nothing, he weighs 500 pounds and costs insurance $ 2 to $ 4 million
b) If he puts VBLOC that is inactive (fake) he loses 15% of weight or 75 pounds
c) If he puts VBLOC that is active he loses 25% of weight or 125 pounds.
Now the interesting part is that simply putting VBLOC device on results in EWL body loss of 15% to 25% depending if patient is told fake or real. In either scenario, VBLOC works versus true placebo of doing nothing and losing nothing.