Sell and move, David...you don't want to be the last one out ... as those that stampeded in and bought among the 33 million shares traded (4-5 days after approval) will be slowly creeping out and THAT overhang is gonna be with this thing for months as they fold up after wishing and hoping for an opportunity to break-even and slowly learn and see that wish will not be granted, as days turn to weeks and months. JMHO, that this stock will rot and former cheerleaders move on to the next play...better luck on the next one, truly.
Do you say buy more? If YES, then I'd like to hear that you are doing the same...tell us please!?
No lies HMARK, I said on 12/31 that I was long at an avg of about 2.90, lost about 30%, ugh.
If I was short I would have been up nicely.
Do you know the difference between being long and short? You sound confused.
I have not posted any lies on here, I only want shed light and accuracy on the outlandish and unrealistic statements from ADE as he has stated things like
**"100% certain of approval next week" - weekly for 3 straight months
"halted, then open at $12" - for months, totally wrong
LOAD UP, don't get left behind - forever
that he's a long-term investor, followed by a statement that he's selling at the end of January.
that this has huge upside potential from a buy-out, then he's writing $2 covered calls -- contradictory to his upside buyout contention.
Following the HALT on FDA approval on 1/14 EVERY single SHARE purchased that day and during the 4 days after approval, a total of over 33,000,000 shares traded, is currently UNDERWATER, every buyer in that time frame is currently at a LOSS on every share if they have held onto it --- ouch!
ADE -- please tell us who your "VARIOUS SOURCES" are??
You KNOW you are making that up and there is no one telling you any of this, you are totally making this #$%$ up...if not, clarify who you are supposedly getting this info from. You are a flat-out liar and I dare and challenge you to substantiate what you wrote!!
ADE - U were a bit "off" on your long-awaited prediction.
We'll see $1.11 soon on our way to a big volume surge down to 99 cents as the towel gets thrown in on this thing.
IF the company is and has been using the ATM facility, as you suggest they are, it means precisely that they want to dilute AND take in funds at the current or recent price per share and that they believe it is A BETTER PRICE than they expect to see in the near future, otherwise they would wait to use it at future higher prices.
This means directly and exactly that they believe it is more likely to be LOWER in the future.
THAT belief also underlies why they WON'T put their hard dollars into ETRM through insider buying...instead they'll take their salaries and bonuses out of ETRM as long as they can...until the probable bk filing and reorg.
I will decide if and when to "move along", thank you.
ADE did have his cult of believers that gave his failed dreams and predictions thumbs up when they were recruited into this stock. I am glad to see any silly chirp from him get a boatload of thumbs down, I'm sure much of that is because they've lost money after believing his earlier rants.
I'll continue as long as I see him on here just to ensure he is fully discredited as he deserves to be.
At least he's resigned to selling covered calls proving that he is giving up all his outrageous HUGE upside BS.
How "NICE" are the losses that have been piled up by investors that have taken ADE's advice on over 100 occassions to "load up" and not miss the explosion in the stock price when it gets "approved, halted, and opens at $12 on its way to $80-$120" --- that poor SOB even encouraged people to get loans in order to get in on this "great opportunity" -- if you ask me, his wildly inaccurate forecasting and his self-professed historically successful investing has sucked too many people into this astonishingly bad performer. Now he's doing it again. I don't think criticizing his horrible predictions is not only appropriate, it is actually necessary to counter his non-stop BS...I really don't care if you think it is nice or "not needed".
(not dwelling on it, but I have a feeling gianni and ADE may be one and the same???)
ADE -- at least you did use the word "IF"
The fact is there is NO WAY that 38 doctors WILL do any of what you wrote, so the whole message is meaningless. And SO WHAT if revenue from the aforementioned nonsense equated the market cap, that means nothing.
How about the fact that this stock is 90.5% below the $12 you guaranteed it would be at after the approval that you were 100% certain was going to be announced in Oct then Nov then Dec.
By NOW I think everyone has had ample opportunity to "LOAD UP" as you've suggested and they are having their collective butts handed to them and wish they could PLEASE breakeven and get out of this thing!!
We'll see, good luck, not wishing any bad will, I hope it goes up.
As for avg price, I'll chalk that up as "embarassed" -- no reason to be, it's just a number, and we all make mistakes...avg'g down may be a big one, time will tell.
Just need the uninformed to know that ADE is a joke as are his forecasts.
It actually IS (or WAS) a lottery ticket despite your hoping and praying.
Mgmt is a joke, and they are WHO you are "invested" in, so what do you think is going to change?
You evaded a simple and easily answered question, what is your average price?
Why don't you want to disclose that? (embarassed?)
So, what's your average price on your ETRM holdings? And what's your exit plan?
(I don't profess to be a genius at all, I've made some terrible investments and some decent ones, I just think ETRM was a lottery ticket and should have been disclosed as such by ADE as "highly speculative" ...I even thought approval would bring a sustainable bounce. At this point it seems like a FAILED lottery ticket where you can now "mail it in" for hopes of a consolation drawing, and based on the way the market is pricing it you may as well throw it in the trash.)
AND -- now ADE has said he sold covered calls with a $2 strike price for a nickel, giving up ALL upside in the meantime means he truly does not believe in a buyout in the interim, I'd love to see it go to $12 and here how he bought back his calls 5 minutes before the announcement...he's at breakeven after all his pumping, amazing, LOL.
Just picked a random November posting by ADE --- Could this have possibly been more INACCURATE?
Nov 4, by ADE, his exact words:
Next week will be news of FDA approval, there will be a HALT and then stock opens at $ 12 per share.
Earnings going forward:
Sales projected: $ 500 million based on 50,000 patients at $ 10,000 per VBLOC device
Projected earnings: $ 3 to $ 5 per share
Fair valuation of stock: $ 90 to $ 150 per share
Buyout price, based on approval: $ 14 per share
Nope...just the one handle, actually.
I do LOVE all the folks on here who believe there is some great conspiracy behind the low share price AND how ADE "believes he knows" the status of the ATM activity by ETRM...Can we agree he KNOWS nothing and wishes he had never seen the ticker symbol "ETRM" ever!!?? I actually did make money on ETRM and stay amused seeing the chatter on this board...Good Luck folks, I don't even think I'd touch this below a dollar, which is where I think this is headed. Mgmt will draw salaries and do NO INSIDER BUYING as this thing burns through cash and never gets anything significant to market. ADE should tell us when he forks out $15K and gets this nonsense implanted, share his FB photo of his before and after -- that will NEVER HAPPEN, I wish it would.
Hmark, fine, not disputing that terrible call, also mentioned Intrexon (XON) in Oct at 17, hit 40 and now 30.
ADE -- has been the BIGGEST incessant pumper masquerading as a genius and giving people totally unreasonable expectations on a DAILY basis, and usually multiple times a day...he needs to be called out on his BS and HORRIBLE track record with ETRM...IF YOU ARE DEFENDING HIM, I must assume you were one of those misled by his antics and are now sitting underwater on a pile of share in this penny stock just praying to break-even...there are many like you...and many have a fair reason to "blame" ADE, but it's your fault really --- I do believe ADE has been complicit in luring in a lot of bagholders, I must say, sadly.
You assured, make that guaranteed, that this was going to $12 immediately following approval. It just hit 1.12, even 1.11 within a week of approval and has touched those levels this week. NICE JOB TELLING EVERYONE to "load up" for approval, and now you are trumpeting that line again. Do some situps, if you can, go for a walk and watch what you put in your piehole...fix yourself and quit giving investment advice.
Thank ADE for filling your head with ridiculous and far-fetched ideas of this thing soaring on approval. He is the most arrogant persistent stock-pumper I have ever seen. Every statement he wrote should have begun with the fact that this stock may very well go to ZERO-- and if your investment in ETRM DISAPPEARED would significantly impact your lifestyle or state of mind, stay away. ONLY with that CLEAR disclaimer would his "100% certainty" sort of predictions been morally justifiable. Most of us know he has been proven dead-wrong countless times, yet his hubris and misguided arrogance has lost many people big piles of money by following AND believing him. He is a dolt. Caveat Emptor.
Why does everybody here think there is some big conspiracy...if ADE hadn't had you all stuff away so many shares we'd probably be even lower, as you get frustrated and exhausted by this charade and toss your shares in, she's gonna tank even more...no longer binary outcome, just a slow burn to extinction, is my opinion...shorts will win at delisting time.