Hey moron,,I have been around a while and if you know how to read old messages you will see I always thought the price was ludicrous....
They no longer exist..Please..The BOD is running the company. Shikora and Hancock are the only people working there. Knudson gone and Lea should be. No new CEO until they do a deal.
They are quiet and they are trying to do a deal....that is all I can say. What would Medtronics pay for the worldwide rights to VBLOC..an approved EU and FDA device and do all the manufacturing. This is too simple for even the most arrogant people to understand. Would you pay $25 Million for worldwide rights?
It is just arrow in the quiver. The centers make the money on the surgery not the device. They do not care how much the device costs just as a mechanic does not care what a new transmission costs. You want to get the product sold you price it right. EU and Australia will not pay $15000.
Oh and the number of chubby folks is not declining. You get the insurance folks in the room with a reasonable price. And remember, bariatric is all surgery and the number of procedures is collapsing. Sure would like to see 3 year data...
Knudson is an empty suit and is gone. But he did buy 330,000 shares. He is a veteran at clinical trials..and that is it. He hired an idiot as CFO. Lea..does he even have an MBA??
But remember..device not around long and the price is ludicrous....I called Knudson when they price the device and said as much.
What we know. The company had a terrible financing and sacked the CEO. On his way out of the office he bought 330,000 shares. The CFO has completely wrecked the balance sheet and should be fired also, but we need someone who can sign papers. The Board is in a parlous position as they did not protect the shareholders and allowed Lea and Knudson to mastermind a terrible deal. They are looking for a CEO. Goo luck with that. We have no idea of how many centers or surgeons we have. We have a great device, we have a great patent estate so where do we go? We have capital in Q2 2016.
They mispriced the VBLOC. They used bariatric surgery as the guide. They WILL NEVER sell a lot at $15,000 and surely insurance is going to be hard to get. My thoughts are as follows. No person will take the job no matter how many options we give the person. I believe we are in a process where we sell the international rights to a large device company like Medtronics. We get an upfront payment and a royalty. The big company can make the device a lot cheaper and they will price it between $5000 and $7000. We will have capital into 2017 and a lower price will get the insurance companies in the room. VBLOC is hard to sell in the EU as the price is too high. Get it reasonable and it will sell. If in the U.S, we can get the price under $10,000 for the surgery and implant we will get a lot of traction. With the capital we should get a CEO who knows how to run a business.
We will not do a reverse split. The international deal will be a steal for the partner but we have no choice. We are not going to sell stock at 25 cents. The goal will be 10,000 VBLOC by 2017 which should be reachable. I think it is the best and maybe only alternative. I think the large shareholders are involved and will press the BOD to act. The Board acted in a way to harm shareholders and to me is guilty of malfeasance. That said we are not going to market the device in the rest of the world so why not just sell the rights.
Seriously, who cares about the short term. Anyone who uses the words " if " and "hope " should not trade a $1.00 stock. Go to a casino.
We have to file for an NDA first. Multiple indications???? I only know one.
This is the second time you refuse to reply with something intelligent. Do you fair lady understand disclosure laws and how a company can be in real trouble for what they publish. You call into account everything ANY has said and then you call people clueless who do not agree with you. I do not know what makes you tick but you need serious medical help.
So they go bankrupt??? Nothing they have done in the last year will keep them alive?? That is a pretty ballsy statement...how many $3.00 Puts do you own??? MSFT not interested?
OK......Narrow minded is how I would categorize them. No one likes to hear they are dying of cancer, but they usually listen to the doctor. On this site you seem to be screaming at the rain. Change your identity in IHUB and don't be so confrontational. I don't agree with you a lot but it does not mean I do not listen.
The Phase II trial of 840 people lasted 6 weeks. Because nicotine passes the blood brain barrier intact and gives an almost instant physiological effect, a simple blood draw could show the presence of nicotine and in what quantities. Imagine if you smoke 10 cigarettes and there was no nicotine at all? The Phase III should last 12 weeks and is pivotal. This one will be as easy. The control group will get crushed and we could have approval in Q1 2016. The FDA is an ally in this and since we are dealing with what they may consider a controlled substance, the may work faster. Big tobacco better makes deals with us or their franchises will be severely harmed.
There has been news but nothing I expect to move the market. The FDA is doing a lot of free advertising for us and no one knows we make the smokes and have the huge patent estate. MO and the others have to be #$%$ in their knickers as we conclude the Phase III and file. We are not a drug company and if we get approved to sell here in the U.S. the stock will explode. I like tobacco. I smoke cigars. I do not inhale. But a whole lot of folks like to smoke after meals and socially. But most do not want to smoke constantly. A lot want to quit. How about no Federal tax on the low nicotine smokes. Lot of moving parts here and Henry has a pretty good idea where he wants to go. I am amazed we have not gotten the other $7.5 million from BAT. One of the big guys is going to do a deal with us and the others will have no choice. But be paitent....
I wrote the author of the USA Today piece...She never mentioned XXII but she did mention Altria who poo-pooed the idea...Guess we do not buy advertising on USA Today...yet