What exactly is that based on, Inns? You put an awful lot of "I believe" into your statements. Qualify some of the shh you say without making foolish assumptions that only serve to paint a rosy picture. It's the same bbshh you've been saying for over a year. Yet here we are!
"I believe" you're a clown! But does that statement make you a clown?
Algos are holding the support line. This is a critical level. If the support fails, then we would be stuck under $1 until something positive breaks the negative trend. Hope is a lot cause when it comes to the market but I do hope dilution does not come at these levels.
Support is $0.97 and resistance is $1.02. The stock is currently in no man's land at $1. If it falls below 97, then we're fked, if it safely gets over 1.05, then there is hope it may stay over a dollar.
Risk of dilution is what is keeping up at night. You need to accept it and own that fear if you don't want to become obese due to lack of sleep.
Lack of sales in AU and EU is indeed not a good indicator that there is a market for the device and the efficacy that it promises. I think only a bigger biotech can leverage the device for other purposes beyond just weight loss. That's the only way I can see this succeeding, sadly. $15-20k is way too expensive. Not even a single shareholder has said anything about lining up to buy the device at that price which is rather conclusive if you ask me.
Let's not give the one that should remain nameless any credit on ridiculous posts. $250 is NEVER going to happen for ETRM regardless of who the CEO is. Not even Steve Jobs.
Let's not say his name, but enough is enough for me. I have been on Yahoo for a long while and never have I seen such a brainless poster that goes from $3 to $10, 12, 30 and now $250.
Pumpers killed this stock!
Stop referencing how much shares others have to validate yourself. It makes you look pretty stupid when you do that.
It is actually shocking that many shareholders are STILL defending the management in this thread.
That is the best advice for those that are looking at this from a distance. Leave us clowns that made the mistake of jumping in on this too early to deal with the pain as it drags on. Wait until there is clear indication on how they find cash to facilitate the commercialization before ever committing a cent of your cash to this.
Only buyout would save this. Any other positive news would spike the stock no more than 15-20% which is better missing than risking your cash only to be diluted any moment from now.
Pharm, your assumption is again - one directional! You are assuming that any news released henceforth is bound to be great news. Are you not completely discounting the fact that they badly need cash? And that the easiest way is generally to dilute shareholders value? Anyone discounting that single most important fact is definitely short on their due diligence.
Furthermore, being right tomorrow, does not diminish the fact that I was very wrong to have bought at $1.44. I also averaged down by buying a strong block after approval extreme negative price action at $1.25 thinking it could not possibly get any worse. Well, I sold that block for few tiny cents loss because the technicals showed that stock was losing strength as volume dried up. It has obviously lost over 25% since. Add that the the pile of shhhshow from missing that event in Feb, there you should have your answers that this is a terrible company to be averaging down on.
It is purely gambling averaging down at this point without definitively understanding the next trend backed up by news on how they would go forward funding commercialization of VBLOC. Yes, you may miss 20% spike at the start of parabolic move, but that is far better risk management than throwing money at what is obviously a bad situation as things stand.
I would wish for you to be completely honest with yourself openly on this board as it may save you and others who follow your lead a boat load of headwinds around credit issues facing ETRM. Good luck!
So what exactly is the price for the DD that you so had locked down? To be frank with you, I stopped following anything this B-S management had to say after miss they missed the conference in Feb due to "weather".
So yes! I am so sorry I have not invested more of my fkin time reading shhh about etrFm like rest of you DD bag holders. Happy DDs guys!
Sticking with your dd doesn't mean you are a bag holder, Pharm. You ARE inherently a bag holder!
What would it take for many of you to come out and say you got it so badly wrong? Instead you throwing the "I stick with my dd" message. All our combined DDs has failed us however way you want to cut. We are suckers for mngt to milk.
For all that it is worth, even though we got it wrong, it doesn't make any sense to sell a stock when it is already down in the basement.
Good luck to all!
Rod, you have "strong sell", I bet you're still a bag holder like myself and many others. lol.. What a fricken waste of time this has become. But it has been fun reading pumpers get it so wrong.
What you've said is what many around here would never acknowledge. Even though Wall Street does not always get PPS right, over extended period of time, value of a company is generally reflected in its PPS.
This company is a sham! Management is a disgrace! And all those continue to pump with insipid Google Alerts articles are simply delusional.
What a fkin disgrace this has become!
I don't understand why you keep attributing the fall of PPS to "Impatient investors". Investors do not just wake up one morning and become impatient. They do, however, become impatient when their is air of mistrust with management.
That is exactly what has happened with ETRM. Management is squarely at fault at the way this company has been received. They had so much time to prepare a go to market strategy. But instead, they sat back and allowed time to flow on.
The greatest fear right now is that competitors are most likely creating an even better device as we speak. Each day lost not marketing the device will make it even harder to hit a home run with it.