In January they had their PMA denied, they refiled 510K De Novo and was approved in October 2015! Maybe that's what Transenterix will do! Share price plummeted, only to recover by year end. Same thing will happen here. Either they will be sold or they will raise the funds and re-file! Stupid to sell now.
Personally I like to look at the coffee dredges in my pot, I sell if the pattern appears clockwise and hold if counterclockwise, I never buy because you cannot loose if you don't own! Hope that helps.
He actually shorted the stock BEFORE the article,I've no idea why Seeking Alpha gives these unscruplous manipulators the soap box!