Agree but as of now vBloc has parameters that fit only the 35-45 BMIs with comorbidities. Sooner or later they will get the 30 folks gut not for a while.
That is interesting because I only Goole obesity...They must have some algorithm.
Soon nothing we do will be private...But I still have a flip phone and an old car with no GPS...Funny, ubder the pop-up it said "advertisement."
First of all I want to wish you all a great Thanksgiving. We do have a lot to be thankful for. For Oooze it is the First Amendment but I do wish him a good holiday also. We disagree but we are all Americans.
Next. I relistened to the CC and I read the proxy. First Knudson Lea and the Board all have useless options. I think Knudson buying 750,000 shares recently said a lot. He knows all his options could be useless. Lea as far as I am concerned should be fired. He was a stammering idiot on the call and has been a disaster as CFO. Brad Hancock should have handled the call.
Gladney sounds able and from what he said I think he knows exacty what we have. His focus is on insurance and he wants 20% of the bariatric market. His open market purchase also said a lot to me as the guy did his due dilligence. The proxy says rhe reverse will be in the range of 1:6 to 1:15. My guess is 1:7 giving us a price of around $1.50 and 30 million shares in float. Gladney expects to have revenue of $300 million within two to three years and I think 20% of the baritric market will make that happen. Obesity is getting worse and if the private payers see how much this can control Type II diabetes and high blood pressure they will be sold.
This is the optimistic opinion but I think Gladney has his game plan and has the players who follow him from investment bankers to corporate entities who has he done business with. Our company has too great a technology not to be worth a great deal.
Have a great Holday folks...I appreciate you all.
Sentiment: Strong Buy
Isn't it staggering how some people can debase a product that could be a life saver for a lot of people.
WIsh we knew if the guy was had comorbidities but a year from now the guy will be 210 which is a total loss of 20%. You can't do that with pills or ballons and while bariatric will get to 30-35% I believe we will get to Gladney's goal of 20% of bariatric surgeries in 2 years, Once we get below the price of bariatric surgery in a maningful way the insurers will get on board. Obesity is till the biggest problem in health in the U,S,
I have been in since B. I think network biology has become stale and Bob is not the CEO he thinks he is.
If he didn't have 398 where would we be today? The market seems to think 398 will not be the money winner Bob does. The market cap with 398 should be 2.5 billion...long way to go..
DC..Lea is a clerk...He is the only familiar voice and let me ask you...where in the world would this company get $25 million with what we currently have????? Your Lexus comparison is specious. They have great products on the market for years..but now they are offering huge discounts..first time I have ever seen them and I drive one. Gladney was nice to show up as he was there to meet money folks.
Look..we have people here rooting for us to fail with a device and a science that is great. We only got approval in January and installed the first vBloc in May. They are focusing on getting it reimbursed and that is where they should be. But listen to the call. He wangts 20% of the bariatric market within two years and says we will be a $300 million company. Do the math.
Also as I figure totally diluted there are 300 million shares. 10 for 1 reverse gives us 30 million shares.
Let us start there. We have a new CEO with a lot of due dilligence and a product and a science. The Cannacord guys are idiots. They ask all the wrong questions. We are never taking the vBloc international so why don't we get a partner? What other indications are we looking at for our science?
Oh yes he complimented the Board. They are incompetent and should be removed but let us give him time. He makes headway in sales and reimbursement we will all be fine. He did not take this job not to make money and he jusgt bought 750,000 shares on the open market. Give him time.
Listen to the call...it is all gastric surgeries...but pay attention to what Gladney said..." If we get 20% of the bariatric business we would be a $300 million company...20% is 50,000 procedures into $300 million and you get $6000 a device...they are finally thinking right..get the price where you can make the insurers cover it...Gladney understands economics
121 and its brothers have been arounbd the block for years. Ever thinbk potential partners are looking at newer technologies like immunology? And if they take 121 forward that could be a massive use of capital. Bob hates being short funds. And what event makes Baxalta pay the money in 2016?
He is a sick puppy. The stock is at 18 cents and he is still mouthing off...No one should waste theri time with that schittehed...I have complained toi the morons at Yahoo forever..
Bio stop arguing with that idiot...keep him on ignore..
I can understand Knudson..His options imploded but he loves the science and vBloc. 640,000 shares in the last few months..We appreciate it..But Gladney..he got a load to come on but he put some skin in the game which should tell us a lot about what he thinks, what he knows, and how he values the company. I was a director of a company and always encouraged my fellow directors to buy and the market loved it. Insiders buy and sell for reasons. Pay attention.
What shorts???? There has been a constant short interest of 20 million shares and most of it was sold against the convertible....use another excuse..
Hey dipschitte I am here. I made a bad investment in the management which I have admirtted several times. I doubled my position at 14.5 cents and did so because I love the technology. Come back in a year and see where things are. Hope I bought your stock now go FO.