It seems they will have until 2019 before the payment stops. From 10-k, the net income is 30M+. For 4 years, it will be like 120M. The company is now at 60M valuation and trading at discount of 60M. Should this be trading around 2.50 or something? Am I missing something?
Their revenue is very strong, though their bottomline needs improvement, eventually will. This is $70 stock in a year or two.
Go jaybird.. Tire him, so that he will go away..
From my calculations, they need to do 3000 implants to breakeven at a profit margin of 15000 per implant, which totals to 45M in annual revenue. Since they have increased the headcount to 50, 35M to 45M is the annual cost to run the company. They have been burning 25M per year until last year.
Hopefully they will do 10k implants this year and have 30 to 40M in cash in the bank by the end of the year. Please correct me if my numbers are conservative, too stretched (not gonna happen) or right on..
Low price is good. Atleast hope they are not doing ATM at these prices. Whoever wants to buy now, this is a very good opportunity if you had done your home work. Don't buy all at once, but buy in small chunks.
Unless you try, you have no business to tell VBLOC is a failure. So you are more right than FDA who approved this product?
like facebook or google. It is significant revenue with only minimum investment.
If they are doing ATM to raise the money, why will they buy?. It will invite law suits thinking they purposely did ATM to buy the shares cheaply. Or maybe buyout is in the corner, so insiders are barred from buying at this time. Just my guess.
I disagree, with them using ATM at low prices. It gives an impression that the management is doing a favor for somebody to acquire the shares cheaply at the share holder's cost. All in all, I oppose ATM unless it is really needed. I don't know who they are selling the shares, is it in general market or a pre negotiated private buyer.?
Out of the blue, Glaxo officials quoted ETRM in one of their press release. Hope a partnership or merger might happen.
Sentiment: Strong Buy
That is the idea, get as much shares cheap. Right now, retail investors have little patience will end up selling out of frustration,(I went through this with ARNA, sold at 1.20 only to see it went to 11 very soon). Will not do the same mistake with this one.
Hold tight. My guess is take over is coming soon. Hence the mgmt is silent and not buying more shares, but will be given bonuses if the take over is done. 2 quarters is the most
Sentiment: Strong Buy