Management can fix this easily - by buying their own stock and showing confidence in their company athenheir own abilities.
Yeah yeah...blah blah....but why isn't anyone in management buying the company's stock? They need to show they have confidence in their own prospects.
Overall it looked like the price was sliding until around noon - and after that it seems much of the volume was positive. (In addition to the 10:20 sale/price drop, there were a few large blocks prior to that in the morning as well. But again, this may all have no bearing on reality.
Look more carefully. There was also a large block sale around 10:20 and the price dropped. Methinks we are reading too much into this.
tiktokstock - I haven't followed your posts, but this does not sound right. The device and technology seem CLEARLY SUPERIOR to other surgical alternatives such as gastric bypass. The issue I have had is with the poor management of the company.
Insiders aren't buying the stock. This is a sign of poor confidence in their own prospects.
No buyers. And plenty of pressure from sellers it seems. And management seem to have gone into hibernation? No news, nothing. And are they serious enough to purchase their own stock? Noooooooooo.... that would be too risky, wouldn't it!
No one is arguing against the fundamentals here. But you cannot trust management that don't have enough confidence in their own company to buy stocks at these "depressed" levels. It is obvious to me there is going to be dilution with a secondary offering in the near future. And as I've explained before, secondaries are typically arranged with crooks that make an overnight profit by shorting the stock ahead of the offering, then covering with the secondary - which is offered at a below-market price anyway.
I wouldn't go eat at a restaurant if the manager goes elsewhere to eat. I don't trust a stock which the company management don't have faith in.
The stock has run up a lot ahead of earnings. It's almost doubled from the lows. One has to wonder if all the "good" news is already baked in. And the lack of divergence between oil and gas prices isn't being much help either.
I predict a secondary offering will me made around 50 cents - and possibly a reverse split would happen before then, but after the financiers have shorted the stock to around 60-70 cents. (At that point the company will say "... we need to raise the price over $5 for institutional interest, blah blah blah..." Secondary gets made at 50c/$5 depending on timing of reverse split.
Mark my words. Been there, seen that. Many times over.
They don't need to say anything. Insiders need to buy large amounts to stock if they are going to show the outside world that they believe in their own company's prospects.
Insiders are not buying. Something smells absolutely rotten.
And still no insider purchases? They are obviously expecting the stock to drop.
Let me repeat this once more: the only way investors will have confidence in this company is if the insiders show it with their own money. No insider purchases means the insiders are not bullish. There is no other way to explain this.
So are they waiting for the stock price to drop (after announcing a secondary) before they award themselves options at low strike prices?
Yup. And if ETRM's financial position doesn't improve soon, Medtronic will be able to buy them for $1 per share. I would still like to know why insiders aren't buying their own stock. What do they know that we don't?
then why aren't they risking their own money to buy stock? There can be only 2 reasons:
1) they don't believe what they are saying publicly, or
2) they are going to make a secondary offering that will dilute the shares and crash the price down
What else can it be?
The Express?? Is that a partner publication of the Enquirer?? Hey... if you are going to post links, please post from respectable newspapers or journals.
How many other companies do you know of, that have an approved product - and the stock keeps sliding down. And the company management speak, and the stock goes down some more!!