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Would be insider trading if we knew now, wouldn’t it? ??
Many of us are holding big. ??
A great number of us have been accumulating for the near future FDA decision on DeltaWave. ??
Yes certainly seems that way, some decent buys today.
Welcome home! Tom's waiting with the hot cocoa!
Frequent 510k updates Tom promised?
https://www.globenewswire.com/news-release/2020/11/19/2130417/0/en/REMSleep-Holdings-Time-Line-Update.html
This is how newbie accounts get killed.
Debt conversion (convertible notes) is the very definition of dilution. OS increase is the black and white evidence of dilution.
Can't be too lazy to learn about convertible notes and the dilutive effect they have on your investment or you will pay for it eventually.
Is the float locked yet????
A/S raise just filed end of November!
It means they don't have to file to raise the AS, Still 526M OS not 2.8B
RMSL
Share Structure
Market Cap 11,313,935 05/21/2021
Authorized Shares 3,000,000,000 05/07/2021
Outstanding Shares 526,229,517 05/07/2021
Restricted 54,929,546 05/07/2021
Unrestricted 471,299,971 05/07/2021
Held at DTC Not Available
Tom's a regular Willy Wonka!
3 Billion A/S means everlasting shares!
Say what you want about the company's inactivity,but this one's been under accumulation for weeks.
They are showing $159k cash in hand on financials if that helps.
Tom resting comfortably on his MyPermaBull pillow.
No pressure Tom. Take your time. All good here.
Fresh herd of PermaBulls got your back.
This or that? Try reading the financials it might take the mystery out of it for you. This is their quarterly house money to stay afloat.
Maybe you could take a look at the chart from the reverse split in 2017 to see what happens to your investment with nonstop dilution.
Maybe they spent the $150k on this or that? Maybe they haven't burnt through the cash? Maybe they need it to cover net 90 on millions of units? Maybe they will hire a PR person to update shareholders every 5 minutes on twitter so people don't have to day dream about what they are doing all day? People would be less stressed, if they knew not to invest rent money. Not an expert.
Excellent philosophy.
Tight chart appears ready for a big move.Hopefully North.Lotsa accumulation over the past few weeks.
How short are you ? tia
They are burning through this amount of cash each quarter just to stay afloat.
The money they are borrowing from the note holders isn't dollar for dollar. The note holders are converting their shares at drastically reduced rates which dilutes the company rapidly and makes your piece of the pie that much slimmer.
Every time the FDA requires Tom to make modifications to the device there are large engineering, tooling, and manufacturing costs. He's had a lot of issues with the molds for several years. No way to look on the internet to compare FDA costs just like there's no way to compare FDA clearance timelines. No one would have predicted the DeltaWave would not be cleared six years ago if they used internet FDA clearance comparables.
Tom's already put it out there that there is going to be a steeper regulatory climb which equates to time and money.
It's going to require a lot more cash because it's going to require a lot more time. The longer it takes for the FDA clearance the closer to the fully diluting the 3 billion in authorized shares which won't leave much meat on the bone if you are long.
In one of your older comments, i remember you saying.....and this isn't verbatim as id have to go find it....but something along the lines of "if they truly did submit a 510k, that would require allot of cash that they dont have". So, i don't necessarily think this is a bad thing. The total for those loans are 151k. The average cost to submit a 510k with clinical data is something like $120k isn't it? (google researching) Not saying this is exactly how it was/is used, as i have no idea, but as i said....i don't exactly see additional funding as a bad thing. Especially knowing the potential success of their new product.
10Q out. $150k in new notes added.
Granite Global $31k
Granite Global $36k
Power Up $84k
30% of the company diluted in one month.
rmsl turning out to be dogchit.
Posts are chock full of DD detailing the "indications" for why the 510k hasn't been filed but I imagine it's a lost cause if one can't be bothered to read the paragraph bio of the CEO.
Been selling the story that Tom and Russell are doctors for weeks now. Didn't even bother to actually read their bios? Credibility going the way of the share price.
that post tells everyone you havent dont nearly an ounce of investigative research and DD.
Sheep following sheep. Not an ounce of DD in the flock.
What indications would that be? Have you emailed Tom?
Neither Tom nor Russell are doctors yet there are pumpers misleading folks into believing they are in an effort to lend credibility to RMSL. The irony of the post is the virtuous espousing of the responsibility to provide "clear, concise, and correct information in a promotional manner to the market" in the same breath as the BS bio.
Please, ZETA, if you have proof that it hasnt been filed, please post it here, so we all can see it.
No sht an SRO isnt FDA, but that also doesnt prove the absence of a 510k application. I have to side with the bulls here, all indications are it has been filed, if you dont think it has provide your reasons. not opinions.
Very similar pattern as yesterday, see what happens towards the end of the day.
And by an order of magnitude.4x buy volume over sell volume.
And again today we see this sudden buying of a few million shares within a few mins.
The FDA SRO is not FDA approval status list. It's a list of companies that sell products that are FDA regulated or anticipated to sell FDA regulated products. Because RMSL has already registered their third party CPAP machine that's listed on their website they are already on the list.
RMSL is always going to show up on the FDA SRO list because they have registered their branded third party cpap machine that has it's own 510k. It doesn't reflect the status of the DeltaWave mask in the 510k approval process.
You've got frosh sheep following frosh sheep:
And who can forget the bipolar PRs from November:
He knows 100% that's his obligation but Tom has a history of doing just enough to stay out of trouble.
Wow,heavy buy to sell volume.Something seems afoot.
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REMSleep Holdings, Inc. is engaged in the business of developing and distributing sleep apnea products. The Company focuses on offering optimum compliance and comfort for continuous positive airway pressure (CPAP) patients. Its DeltaWave CPAP interface (the DeltaWave) is a device to treat patients with sleep apnea. Its DeltaWave product is a nasal-pillows type interface that is designed with airflow characteristics to enable patients with sleep apnea to breathe normally. Its product is manufactured by mold makers. Its target market includes home care dealers, private sleep labs, product end users, sleep physicians, medical groups, sleep product distributors, hospitals, medical associations, such as the American academy of sleep medicine and the American sleep association. REMSleep LLC is its wholly owned subsidiary.
INDUSTRY
Medical Equipment & Supplies
CONTACT INFO
2202 N. WEST SHORE BLVD SUITE 200
TAMPA, FL
33607
United States
+1.912.5902001
https://www.remsleep.com/EXECUTIVE LEADERSHIP
Russell Finlay Bird
Chairman of the Board
Thomas J. Wood
Chief Executive Officer, Director
Jonathan B Lane
Chief Technology Officer, Vice President
https://www.fundable.com/remsleep
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