The price initially went as low as $0.33, then recovered to $0.40 now back down to $0.32. Today is no worse than 2 weeks ago. Yes, horrible price but not really getting any worse. There has been no news except for the offering as we saw. Anyone on this board who claims to know what sales are, numbers, BO news, etc..does not know and legally cannot know.
I am wondering what the investors are thinking who bought in the offering!?
This is all over reaction from the offering with no other news. We all knew ETRM was not flush with cash.
When news hits or mgmnt has a CC then we can all tell each other who was right and who was wrong...
See, if price was over $2.00 right now then all the pumpers would be prancing around telling everyone how knowledgeable they are. But no, price cratered so now the bashers get their turn...round and round...blah blah blah...
We need substantial news from mgmnt or knowledgeable posters (good or bad news)...thats my two cents!!
Doesn't the offering amount to 64 million shares with all warrants included? And the dilution is 32 million shares now with the other 32 million shares (as warrants) diluting over months to years? Or am I way off here?
Lol. Not often I see Sec filing involved in a message board post.
This is such a screwy situation. ETRM states they are "fortunate there is still strong support for the company"
What's your point? Do you just write messages to "call out" posters who were wrong?
Are you another one of those "helping others navigate the YMB"? LOL---funny
perhaps we are victims of a "disruptive technology gag"..we always suspected the obesity market would try to prevent this technology from getting accepted. Perhaps ETRM is just an easy, soft target. However you and I still think there is disruption here with this device.
We know the trial data (platguru and sillyqueen wouldn't let us forget it!)
I am hoping for significant bounce back up, but can only hope we see the $1.00+ levels again.
I am adding very large positions at these levels to help lessen the blow. Of course who can ever tell what will happen. GLTU too!
granted on your thought process. However if the long investor still believes the technology will gain a market then this level is good to average down. My fear is not bankruptcy or even a lower share price (which now, would be very unlikely) no, it's delisting in 6-12 months (that is the long investors window) again IMO.
Plus who degrades the stock at this price level?:
1. Those wanting a lower price?-DONE!
2. Those shorting it?-Watch Short Interest sore!
3. Those who are false posters on this board, claiming they are helping...LOL
Which one are you? Which one is Adelveiz?
It IS agony! but not death unless you sell here
You sold all your shares after year(s) of optimism, then a few days later...BOOM!!
There were no fundamental scientific changes to ETRM (even getting FDA approval during last few months)
I understand that some FDA approved products fail to sell, but c'mon we have only had a few months at best and not even a full quarter of sales. I am not making excuses for mgmt. either. I just believe there is still plenty of future gains here albeit now down 70% !
My opinion is the best thing for longs is to average down now and hunker down....
they didn't even have a chance to play out the insurance coverage and initial sales timeframe. I understand running out of cash, but why not just tap ATM a little longer? If they needed $15 million, then take a loan or other instrument, Why destroy share value (dilution) this badly?
Does anyone think there is a hostile takeover taking place by a hedge fund? Where does KD fit in all this? Was he selling last week or getting attacked by someone?
Disclosure: added 10,000 more share today, down over $60,000 in this investment
I hate that this price was hit so badly by dilution, yet I agree was necessary to proceed. I doubt bankruptcy but if any chance for future BO the price just became a lot cheaper for the buyer. Vbloc will not succeed without a big device marketer at the helm. Hopefully ETRM will take a lower offer and not burn up all $32 million.
Still cant believe price is so low after offering. Not a good investment in past for many of us, but may be a good one at $0.50/share...glta who remain.
Just finished a CME on Obesity guidelines and expansion of treatment options. The program leaders clearly stated we are embarking on better pharmacotherapies to treat obesity and developing less invasive procedures that reduce risks of current surgical treatments....I could only keep thinking vBLOC when he said that. So I believe ETRM gets bought out. Maybe not next week..LOL. But you all know it's coming now....IMO
" first ever commercial implant of the Maestro® Rechargeable System, delivering vBloc® Neurometabolic Therapy, in the United States."
Not a training, not a study patient...these have already been done and disclosed in previous Filings and CCs.
note the patient had no complications, let same day and back to work full-time next day...BAMM!!
I want to know how much $$ did ETRM book on that sale?