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Apple Inc. Message Board

innsbrooklad 327 posts  |  Last Activity: 58 minutes ago Member since: Nov 11, 1999
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  • Reply to

    just don't understand why they needed the financing

    by meifud Jul 16, 2015 10:35 AM
    innsbrooklad innsbrooklad Jul 16, 2015 10:49 AM Flag

    They had 11MM at the end of Q1..they burn 24 million a year without sales. Do the math. If you do not have a strong balance sheet you sell stock at 50 cents and are prey for acquirers.

  • Reply to

    news

    by lwinv10 Jul 16, 2015 7:11 AM
    innsbrooklad innsbrooklad Jul 16, 2015 9:36 AM Flag

    This stock will move when management has a call and tells its shareholders what is going on.
    We need a reason for the absurd financing, We should get updated on centers and surgeons and we need some forward guidance regarding cash flow and what they need in sales to break even. Poor management is a terrible anchor to stock price. The weight loss data is excellent and when we see 48 month data it will be better for the people still on the device.

  • innsbrooklad innsbrooklad Jul 15, 2015 9:55 PM Flag

    P.S. A year ago Whiting Pete was $92. It is now $29. TGP is a shipping company in LPG and LNG with gets leasing agreements.

  • innsbrooklad innsbrooklad Jul 15, 2015 9:51 PM Flag

    What two firms pal? I saw nothing. Please post a link...

    Oh one year ago a lot of energy companies were higher. You just did not get out in time

  • innsbrooklad by innsbrooklad Jul 15, 2015 5:30 PM Flag

    Stock moves 1 penny..EOM

  • Reply to

    I said I would not Post for a while

    by innsbrooklad Jul 14, 2015 5:29 PM
    innsbrooklad innsbrooklad Jul 15, 2015 3:18 PM Flag

    If they sell $200 Million in three years the price today is a joke. I just get sick of some people pounding a 35 cent stock and then you see how many shares were just sold and you ask yourself who bought them. This was not a retail deal and the selling pressure in here are the hedge funds who paid 50 cents and are keeping the warrants...Happens all the time. Market cap of $50 million?
    Anyway I bought 25% of my old position at 35 cents today...Glutton for punishment!

  • Reply to

    I said I would not Post for a while

    by innsbrooklad Jul 14, 2015 5:29 PM
    innsbrooklad innsbrooklad Jul 15, 2015 3:14 PM Flag

    FYI..It is a great fit. Someone else spent $200 Million to get an electroceutical device past the FDA.
    If they pay $400 million it is a steal.

  • Reply to

    I said I would not Post for a while

    by innsbrooklad Jul 14, 2015 5:29 PM
    innsbrooklad innsbrooklad Jul 15, 2015 3:12 PM Flag

    And tell us great one that you never missed bad management or a bad product?
    T Rowe Price missed it too. Why don't you call them and ask. Gloating does not become you as sometimes you actually had something intelligent to say.

    Hey..we #$%$%^%%^ up. Isn't that enough for you or should we fall on our swords?

  • Reply to

    etrm

    by lwinv10 Jul 15, 2015 8:28 AM
    innsbrooklad innsbrooklad Jul 15, 2015 10:00 AM Flag

    In their favor they told us how long it would take to get the centers up an running. It is a process longer than we expected and why the dopes at the company should have realized they needed capital 6 months ago. Also their financial advice from the bankers and the board was terrible.

  • Reply to

    I said I would not Post for a while

    by innsbrooklad Jul 14, 2015 5:29 PM
    innsbrooklad innsbrooklad Jul 15, 2015 9:53 AM Flag

    Of course it is an assumption. He has 15 days I think to file as an owner of 5% or more. But the guy owned 14.2% at the end of June. Do the math. He gets the warrants with the stock purchase. The guys owns a ton of stock at a much higher price. You think he got active for a reason other than he wants to get involved. Hey, he might have bought half the deal for all I know, But lets assume there are 150 million shares fully diluted. We are trading at 35 cents.
    Market cap of $52 million. Do you think he understands the company is worth a multiple of that to the right buyer?

    It is amazing isn't it how bad management can wreck a company. We have a year of capital and it is going to be interesting.

  • Reply to

    I said I would not Post for a while

    by innsbrooklad Jul 14, 2015 5:29 PM
    innsbrooklad innsbrooklad Jul 15, 2015 9:14 AM Flag

    In his 13D filing Douglass owned 14.2% of the company. I assume he now owns 30% as he probably bought 8 million new shares and has 8 mm new warrants, That is enough to make a play to oust the existing board and most likely Knudson. He has been in the stock for a long time and his cost on his existing shares is pretty high.
    The value here is dumb and he knows it. For him the best thing was the initial deal being killed as it would have created a ton of more shares. It will be interesting to watch this for a few months. Failed managements have a penchant for bailing out with some money and Knudson et al will be no different IMO

  • Reply to

    I said I would not Post for a while

    by innsbrooklad Jul 14, 2015 5:29 PM
    innsbrooklad innsbrooklad Jul 15, 2015 7:58 AM Flag

    It is a good fit but they have Cyberoptics and Medtronics guys on the Board and that would create some great lawsuits as they were as responsible as management for the abortion of a financing. What I want to ask is why ETRM has not licensed VBLOC worldwide to Medtronics as ETRM will never market the device outside the U.S. I am still shaking my head at how bad management of this company really is. I am looking for a 13D filing sometime soon to see if some of the players added or blew out the stock. But answering your question, Medtronics could get insurance coverage a lot quicker than us and while I think ETRM does have a second generation device that is much smaller they do not have the money to go back to the FDA which they must. I expect this company will be acquired withing 6 months at a price between $1.25 and $1.75. They will need 30-40 million more in the next year to get VBLOC established. The company does not have the ability to raise any more money.

  • innsbrooklad by innsbrooklad Jul 15, 2015 7:18 AM Flag

    ..does MACK do anything in the immunology space? You see CELG buying Receptos today.

  • Reply to

    I said I would not Post for a while

    by innsbrooklad Jul 14, 2015 5:29 PM
    innsbrooklad innsbrooklad Jul 15, 2015 6:27 AM Flag

    This management and Board has killed Douglass and the other institutional investors. Most of us also. The latest deal gave those guys 50 cent stock and 60 cent warrants. All the other options and warrants are so highly priced that the management and the institutions who own them are out. The new sale will get them even so this company could be sold fast. The company said it was NASDAQ that killed the deal that raised the $52 Million but I do not buy that. I am figuring that there is 130 million shares in float and after the recent deal. They only have 4 quarters of cash and will need more in early 2015. If Douglass can engineer a $200 million bid I think it is a done deal. I think OREX or ARNA could buy ETRM now and expand their obesity franchise. This is the only way Douglass T. Rowe et al will get their investment out. Really sad but the guys that run the company
    made some terrible decisions by not capitalizing us six months ago. The need runway until mid-2107 and the large holders are not going to sit around for further dilution. At least I would not,

  • But the biggest threat I see now is a player like Kevin Douglass getting someone to bid for the company.
    ARNA, OREX have a currency ( stock price ) and a ton of cash on their balance sheets. They could expand their obesity franchise for a song. Someone bids $1.50-2.00 for ETRM and I think it trades. Remember they also have a world class technology that we get no value for. The management of ETRM and their Board of Directors does not own enough stock to do anything about it. And there is no poison pill to the best of my knowledge. There are a lot of smart biotech players out there and they do not miss a trick. And I bet a lot of them are over weight!

  • Reply to

    looks like a small offering has been regestered

    by bigt198ou Jul 13, 2015 4:55 PM
    innsbrooklad innsbrooklad Jul 13, 2015 5:29 PM Flag

    Don't want to say I told you so but I hope this money is used to repay the $40 Million loan they have which I think
    has a working capital minimum and I think they are close to it after paying out the $11 Million last week.

    I still think if they have to wait for October and there is no 121 then you get a few more shares. This deal is innocuous but the 121 seems a bit later.

  • Reply to

    wake up here

    by jan.visschers Jun 22, 2015 2:27 PM
    innsbrooklad innsbrooklad Jul 13, 2015 3:49 PM Flag

    Why wake up. This company is a cadaver. Why I ever bought this junk is beyond me. Why don; they find a buyer and put us out of our misery. Their salesforce is awful.

  • Reply to

    Macnqueso on I Pump....

    by marsh1482 Jul 9, 2015 7:53 PM
    innsbrooklad innsbrooklad Jul 12, 2015 12:02 PM Flag

    Trapped long??/ You stupid #$%$. Costs your short buddies 30% to borrow the stock.
    Empty barrels make the most noise darling.

    Is there a reason you are so venomous toward ANY? You think it a fraud?

  • Reply to

    ETRM

    by patwalsh54 Jul 10, 2015 12:08 PM
    innsbrooklad innsbrooklad Jul 10, 2015 4:06 PM Flag

    The stock has to trade under $1.00 for one year before the NASDAQ calls. By that time the company will be fine or taken over. They have one year of cash and in six months should have some reasonable cash flow.

    They did the worst financing I ever saw but they had no choice as they are as a group financially illiterate.
    Kevin Douglass is long a ton of stock and I wholly expect him to get involved.

    But don't listen to the delisting baloney. There is still a ton of shorts and they are buying stock and trying to steal it. But give them credit. They knew management was a bunch of amateurs. Good clinical guys and scientists but they can't add a column of numbers..

    Hey I am going to sign off for a while. Too many #$%$ have arrived and I have no ,more IGNORE room.
    See you in a few.

  • Reply to

    Expectation from earning call in August

    by akash22_99 Jul 10, 2015 8:18 AM
    innsbrooklad innsbrooklad Jul 10, 2015 9:00 AM Flag

    You do not raise capital and lower your burn rate. Implants are secondary to unit sales.
    The game is now cash flow..period

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