Now we need somebody who can lead this company to the next level. I would recommend somebody who is very good salesman and has deep knowledge in obesity field/bariatric surgery field. I don't recommend someone like Knutcase from medical instruments. If you know the inside job of how the cure/therapy works, building an instrument is no big deal.
dctrig - Thanks for the correction. Agree about improving and innovating. But ETRM is need of money and focus on sales. They have the centers and surgeons lined up, need sales and lots of them.
At this stage, R&D can wait because they need to focus on sales. Once the money coming, they can start with new ways of improving. Right now R&D for ETRM is like asking a starving person to go buy new clothes.
I don' t think mgmt will sell the company at this stage after putting all this efforts. Partnership seems to be good idea.
I pondered what is the situation with ETRM. Reviewed all the facts and came up with the following.
1. FDA Approved
2. No debt.
3. Working product now generating revenues
4. State of the art techology with patent protection.
5. Have working capital for 1 yr.(apprx)
6. 55 centers and 77 surgeons
7. Stock is damn cheap
8. Ramp up revenues in 2016
9. Insurance qualificaton in the near term.
I cannot say any negative about management after my review. They have done what they could do so far. I believe even the botched financing caught them with surprise.
I am hoping for the best and looking things in positive perspective.
Last quarter ETRM implanted 4 or 5 devices. Is there any blog or website to monitor the weight loss of hose patients?
college and high school drop out kids are more smart than this management with PHDs. They have created unicorns with market value of billion dollars plus. Hope management visited silicon valley to learn how to run a company from these dropouts. Heck, just replace a current CEO with a silicon valley dropout. If ETRM is a silicon valley company, whole management would have replaced long time ago by VCs. What to do, they are located in the Midwest.
Tell me about it. I invested in ARNA, waited long enough only to be impatient and sold it at 1.20. Along came FDA approval and boom it went to 9+. I thought the same story would repeat with vBloc, coz this has no side effects. Instead of going north of 10+ after FDA approval, it went south to 0.25. Did'nt know this management is stupid. They could have waited for stock to go to 3 or 4 and do a secondary offer at 3. Driving the price of a stock is an art. See Bluebird stock.
That's why VBloc is here. Help control the eating. Pills have side effects, bariatric surgery disfigure your body. Unless you do exercise and control your diet, nothing helps. There is a big gap between mind and body. People let body control the mind. But vBloc controls the body and then body listens bypassing the mind.(this is only for hunger).
Ok real, lets cut the bull and come to the real thing. What do you think I should do? Sell or keep it?