Jomar :With NASDAQ an NYSE losing volume to a multitude of competing electronic trading desks, there is very little market discipline left. In years past a 50% drop of a company stock was virtually unheard of and would draw scrutiny and trade unwinds. The SEC is a fat senile sheriff not even in the game any more. Why do you think retail traders have fled by the millions and 20 somethings have little interest and are afraid of the market?
Crew: This is a classic case of high speed computer trading programs gone wild. Of course, the SEC is completely impotent, and/or corrupt. Ask any professional trader who's been on Wall Street for 40 years and he/she will tell you that the market is totally rigged now.
ETRM is so oversold as to be ridiculous. Thursday will almost certainly be an up day. The New York TV segment in the nation's biggest market is a plus. Nearly everyone is overlooking the fact that the C warrants were designed for the large holders who could not buy more shares. Through a loop hole ETRM gets cash upfront.
I have a friend in Nashville who is seriously overweight and diabetic. Luckily, his musicians union health coverage is above average. I will tell him about: Erlanger in Chattanooga TN
The big investors are also buying the fear, pre-paying .87 a share for C warrants. This class of warrants was specifically designed for the 5-10% current holders. On6/30 retail traders were given the gift of buying 25-30% BELOW what the big boys paid. Christmas in June.
Frankly, I expected the offering price to be higher, but today's selloff is a combination of pure manipulation and quarter ending shenanigans. Today's price is an unfathomable giveaway-I wish I had more funds in which to average down.
kelvin: I've been thinking the same thing for the last six months. I expect ETRM to be above $1 by Friday as the dollars raised, including from Kevin Douglas, becomes known.
Kevin Douglas will almost certainly buy a few million C warrants, which he has to pay for up front. In fact he may have had a hand in designing this offering
Iwin: a stock offering with accompanying warrants is NOT a debt issue. I have never seen three classes of warrants before; this suggests some current large position holders in ETRM will be buyers of the new offering-a good sign.
People forget but the vast majority of Vbloc implants will be in the U.S. We have zero exposure to pauper markets like Greece where drug companies are owed billions of dollars, probably never to be collected .I'm tapped out, but there are ETRM bargains AH, and I urge new enacts to buy I the .80s(oops, it just jumped to .94)
This is no panic selling as nearly all micro and small cap companies are vulnerable to a programmed walk down. Buy now as I expect ETRM to issue some positive news in the near term.
I saw that article; however, it was only the ulcer patients who had their vagus nerve severed who had a reduced incidence of Parkinsons disease. Vbloc does not sever the vagus nerve.
crew: You need to offer a financial incentive for someone to call dozens of Vbloc clinics and spend hours emailing and telephoning surgeons. Your assignment: Call Dr Raul Rosenthal at Cleveland Clinic in Weston FL and ask why he was temporarily listed on the ETRM website, but then removed.
What amazes me is that there are zero buyout or partnership rumors regarding ETRM, while Medtronic does its third acquisition in two days and the markets are at record highs. BTW, I hate the peekaboo aspect of the surgeon locator: One day Cleveland Clinic shows up having a location in S Florida and then it disappears!
ETRM needs to discount/subsidize at least the first 1000 implants. The Market has rewarded many companies year after year with increasing sales, but skimpy or non-existent profits. Vbloc does not stand out based on superiority; however, it can stand out where price comes in. That is why we need a partner with the funds to grow Vbloc over the long term.