Approval is more or less a foregone conclusion for me. I'm concerning myself with PPS thereafter.
I didn't bother to read your question. I naturally just vote down any time I see your name.
No, it's not ETRM.
It is ADE!! A man who has failed miserably with all his calls. He guaranteed approval in Oct, Nov and now Dec. But given FDA would most likely not be doing any business as the year closes out, it is fair to say Ade is the biggest fail in 2014 when it comes to obesity.
You should leave this board and take Ooz/plat with you so we can all enjoy bag-holding in peace in 2015 until we hear from FDA.
There are no real reasons other than the fact that it's a waiting game and they get to it when it is time to open the file. They also probably have priority list. They would have other items that require fast track to save lives. Sadly, losing weight would not fall into that list of critical diseases.
More like time is money. Patience can actually kill you good in biotech if you mistime your entry on hope of something that ends up failing to materialize. ETRM is a prime example of that. For the time that I've spent vested in ETRM, I could have quite frankly doubled my principal if I used the cash on something else. I'm not sweating though. This is biotech and you can't always time your entry. You pick a spot and you deal with it. So this is me dealing with my decision to go in when I did. I'm waiting it out and doing other meaningful stuff in other sectors.
I'm more disgusted in the stock in general. No point blaming the FDA for that. I never thought this would be sitting at 1.38 before the announcement, especially after ADCOM result. It's been six months of B--S. I regret committing cash to this so early on. I should have waited.
"Furthermore, there is no indication that it will SOAR aftrwards"
I would suggest to anyone thinking they would see 300% returns if approved to recheck their profile. I personally don't see this going beyond 52 week high. We would be lucky to get comfortably over $2 right on approval.
He claims to have about 100k shares or some shhh like that. Although his mentality is far from 100k mentality. More 1000 shares.
You're a disaster for this stock! You have single-handedly striped this board of any credibility. Which means any new coming here is instantly put off by you. And given you are already way under water on this, you have no way to put more money in the stock. So you're left with one choice - pump day and night.