Enteromedics Inc (ETRM)

[tradeherpete]

No one wants a reverse split but they may need to do it to give funds an opportunity to buy. I’ll vote for that.

I’m not in favor of a share increase as that will give them incentive to dilute and keep lining their pockets. I would be in favor of reducing their salaries by 50% until they are profitable or they get insurance to cover the procedures. Any monies withheld could be reimbursed once they become profitable but not until then.

I and many other investors have lost a small fortune here and it isn’t a pleasant experience.

They need to get things moving. Like yesterday. Or let us know what the hold up is with insurance. My guess is insurance companies could care less if people want to remove parts of their anatomy or install the recharge device. It matters not to them. What they care about is price and they don’t want to keep shelling out $18.5k a pop for an outpatient procedure. Give them an incentive to insure the product but don’t sit there counting your money thinking everything is ok.

Charge $12.5k and lets get this thing going. 66% of something is better than 100% of nothing.

in my opinion