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I never thought this was a scam.
It is just Norchi is terrible in managing a Company like this and making critical decisions. When they need to be made.
The Big Prize in this was always internal. And there is nothing like it approved by the FDA or EU or etc.
He thought he had a way to pay for those trials and massive expenses. To get internal approved. He got thrown one curve-ball.....
And he was a deer in the headlights and struck out.
But that happened a number of years ago now.....
Now he is just milking it to see that people get paid.
This may be his last job in this field - CEO of something that has the potential to 'make it'. And make it Bigtime.
His millions of warrants/options may become useless.
So Dragon Lady...(Drag it on...!!)
It is sad.
While he dinked around..... a bunch of external products came on the market.
And time never stops......
So there are people out there working on an internal product to stop bleeding during surgery.
And if History is any predictor....well Norchi will be last to the Game.
By the time Norchi........
Man....That SEC filing out today is a horror show.
10K in revenue in the last 6 months.
1,339,000 in General and Admin expenses the last 3 months.
They need a miracle.....
"Why all the selling?"
.
I think it had to do with the expectation of a quick EUA approval for Covid. But that was never the original plan. That really is an after-sight. I will be curious to see what happens soon when a Vet outfit that has been using the machine lets us know how it works. Real World.
I keep trying to tell people they fulfilled their promise of revenue in Quarter 4.
Rick Davis is leaving this year and they are on top of things so they signed a contract to remove his office furniture when he exits. They will pocket 679 dollars after the moving fees.
At this point every dollar helps......
I understand the frustration. We want things like accomplished yesterday. I think Covid has a lot to do with it. But still. It is an R and D company. You can't forget that. It is high risk - high reward.
But I will say this. The fact that close to 90 investors dumped money in now - and they raised close to 15 million with that. Unlike last time when it was a public invitation.... well here I never even saw any public invitation to get in on it.
Well there are people that think this may hit.
It appears a lot of them.
Warrants will be cashed in.
They have the money now. Unlike a lot of Companies in their situation. Let's hope they can pull through. I am betting they will.
I bought 75K shares during the last offering in May. A dollar a share when it was trading at $1.80-90. But the shares don't get turned over for a year. So in May I will receive 75K shares plus 8% interest in shares - meaning 6 thousand additional shares - plus 1/2 a warrant for each share purchased. I think the price is $1.10 Point being. I doubt people will just be able to turn around and flip these shares they bought at 2 bucks. To me it is good news. In less then a year the offering price doubled and now they are sitting on a ton of cash.
I actually do think they recorded some revenue in the forth quarter.
Supposedly they sold off a few pieces of Rick Davis's office furniture considering he is on the way out.
Unfortunately buyers and shareholders weren't too impressed with the last deal TN cut. Well the only deal in years/tears.
Better then nothing. But. It has the stock price at 16 cents as opposed to 14 cents.
But. Hey. Use your two cents. It is better then nothing.
And who knows. Maybe when the Biden Administration finally gets settled in over the next year they will sign a bunch of Government contracts for basic AC5.
"More distribution deals to come."
Well we will have to see.
In 2 years we have gotten one. With no details.
But still.
If you are long Arch. It is better then it was yesterday.
So enjoy the day....
One question is though....
Why would the CFO bail after years right when this deal showed up..?
I certainly don't think it is about illegal activity.
Arch has never done anything illegal/
But....
This deal has obviously been in the works for some time now..
I do think he is trying to get out on a "high".....
suspecting in the next 6-12 months we may see nothing better.
Pure speculation on my part.
But if the stock is getting ready to "run"....
Well why would the CFO run out the door..?
At this point - any deal is better than no deal.
I think we all recognize that.
Any revenue being generated is better then no revenue.
Because that will cut down on dilution.
In terms of this Deal - ultimately the Devil is in the Details.
If there was upfront cash I think they would have said that.
What I noticed is that Arch appears to have entered into an agreement for all products. Basic AC5 plus all future products.
Internal is where the money is....
Did they cut the deal to gain a little cash and for PR reasons - only to have given away rights to internal for a smidgeon of what it may be worth if it finally gets approved..?
Who knows.
We will see what they have to say about this in the coming weeks and months.
Hopefully this brings in revenue so they can minimize dilution.
Without that..............................
I think he left to clean up his resume.
Not sure he is worried about legalities.......
But the longer he hangs around the harder it will be to get a good job down the line.
Who is going to hire Norchi after this whole debacle is over..?
I think that is the fate he is trying to avoid.
If this "deal" was great news and a deal maker for the Companies future.... I doubt he would have left.
"Talk about circling the drain! Hey Terry, where’s all that 4rth quarter revenue? Lol"
Well....
There is still a week left.
Or at least part of one.
So don't jump ship just yet.
It is not like this is the Titanic or anything.
Well it is only going to be 'DOA' till they need to make the next money grab.
And then Frankenstein will have to pop up from somewhere....
and it will all of a sudden become very much alive...!
Only to then peter out.....until it gets repeated.
Classic wash and rinse cycle.
Just don't throw your new blue jeans in with your whites......
"I think the only reason i hold onto my shares is to remind myself that Murphy's Law is real."
That.....
And you are helping to pay Norchi's mortgage....
Hey......
It is tough at the Top.........!
Great news..!! We is heading up..!!
Hey - the way things are going - well at least in 2 years Norchi will have the best pad in Boston..!
Yeah...But if the stock falls to 10 cents on the next big raise...
Well.....
Who is going to cash in at 25..?
Doesn't look particularly promising.
Having to go back to the same well - longtime shareholders - time and time again.
No new money is coming in.
And supposedly they were going to be generating money this quarter.
https://seekingalpha.com/news/3634311-arch-raises-capital-via-convertible-note-issuance?utm_medium=email&utm_source=seeking_alpha&mail_subject=arth-arch-raises-capital-via-convertible-note-issuance&utm_campaign=rta-stock-news&utm_content=link-3
Who knows. Maybe they can pull a rabbit out of the hat.
I am out now. But. It is a great product....
Norchi was never able to adapt to curveballs thrown his way. Who knows. Maybe they announce a deal tomorrow.
In the meantime. Well at least feel good in the fact that you are helping to pay off his expensive mortgage..!
"If there is no information by thursday, I will call them and try to see whats going on."
I can only speak for myself. As some one who holds a lot of shares.
But doesn't come on the Lex forum on this site.
Mainly others.
I would not worry.
Covid has affected everything. Including the supply chain of parts.
For everyone. Not just here.
Months ago they were saying they might be shipping units by the end of Sept.
Obviously that changed.
But the machine has already been tested.
This delay is just what happens when you are building a R.and.D Company to commercialization.
Stuff crops up.
I just got in ...in May/June.
Roughly a million shares.
And I have been saying the whole time.................
"Wait till the end of the year to evaluate the stock price.
Because there may be a few bumps in the road.."
But in my opinion we are talking logistical issues....
Not whether they have found out there is a major flaw in the machine.
Anyway. I know I don't come on this and post.
But I follow it.
This is solid technology with extremely solid Management.
I am staying the course.
And wish I had more money to dump in at these low levels........
Here is a new video with Norchi.
For those that haven't seen it.
"KOL Feedback: A 25 year old Burn wound finally closed up in 1 month after being treated with AC5 Advanced Wound System. The wound was treated 1x per week for 4 weeks....."
A lot of us that got into the stock years ago believe in the Product.
I think it is cutting edge.
But still - no results or revenue coming up on 2 years since FDA approval.
Why should we believe a deal is imminent now..?
Their most basic product dumbed down is an external band-aid.
And that is a huge market.
Unfortunately a number of other products similar to that came on the scene while Norchi was dinking around with this and that.
That marketing deal was supposed to be their financial golden ticket to pay for all the work to get the really great products approved and sold.
And he blew it.
Look at the above example.
Great results.....
But it costs 4 doctor room visits to get it done.
This is still a great product.....
But I think dilution will take the stock price into the single digits.
In which case I might get back in.
We all know the product works. At least most of us.
The issue is getting it to market and making the shareholders some money.
Norchi has no experience in doing this and it shows.
And one other thing Poly.....
In terms of essentially the company shills showing up.
Burn me once....Well.
Burn me twice.....WELLLLL.........
Yeah. We know there is something there in terms of the science and patents.
It is just Norchi was a Hedge fund Manager.
And knows nothing about how to take a great penny stock up.
To where it is making money. And be sold off. At a nice profit.
I will continue to follow.
If the tides turn down the road - maybe get back in.
And I have always said - anything can happen at any day.
But coming up on 2 years with no deal..................
Who knows.
X-Mas is coming up.
In a bunch of months.
Maybe Norchi has just been waiting to put in......
Well a little "stocking stuffer" in our Christmas Stocking....
Maybe we will all be buying it again like Santa's elves come X-MAS...
Poly - You have been in the right.
Consider me now a skeptic. I am completely out.
I view this as a Company that "could have".
But - in terms of the new visitor. The "Stock-Talk".
Again.
Consider me a skeptic.
Even though I am out - well I would like nothing more then the people still in to make as much money as possible......
But. We aren't dumb.
Another raise is coming - and soon.
A lot of people still very vested in this Company.
Obviously a ploy to get the stock price as high as possible....
When cutting deals with new investors.
I am not accusing Stock-Price as a paid shill for the Company.
But. Yet. The Song Remains the Same.
Trying to get the stock price up as high before the coming dilution.
As someone who was in it for years - well I wouldn't park a dime in it. I do think they have a great potential product in their internal surgery product. But it is going to take a lot of money to get it approved and they don't have a revenue source yet. Chances are dilution will hit come the beginning of the year. I'd wait till it gets to 8 cents before I buy.
I haven't followed what is going on with the voting...
But I assume they now have the power to push it up to 800 million shares.
Not that they are necessarily going to do it.
That is obviously a worst case scenario.
I would be shocked if they actually diluted up to 800 million shares.
I never got one. Or if I did I threw it out.
I personally would vote to authorize it.
If they aren't generating revenue then the only way to raise cash is by issuing more shares. I'd rather see them heavily dilute then go bankrupt. I do think there is value in the internal product.
Hey....I will take my lumps when they are due.
I had 3 million shares and have dumped them all.
Great product - terrible management.
The money was never in the external product.
It was always in the internal product for surgery.
Which is unique.
Norchi had some curveballs thrown his way and always struck out.
Plan A was to get the external approved and then a licensing deal to pay for the internal process.
Great plan. But unfortunately Plan A doesn't always work out.
So you need to go to Plan B. And he never did.
There were 2 big mistakes.
First - when they filed the CE application years ago as a drug and not a medical device. And it was rejected........
Well they shouldn't have said.."Well we will move on to something else."
They should have spent 6 weeks re-doing the application.
Then........
It either gets accepted or rejected.
If it gets approved.....Well great.
If it doesn't....well at least they would know why.
And the stuff could have been fixed years ago.
Second - after FDA approval 18 months ago......
Well. When 6 months went by with no licensing deal.
They should have just bitten the bullet. And diluted.
The internal trials could be done by now.
and the FDA and CE applications submitted and under review.
Instead.....
At some point next year they will start the internal trials.
And it could be 2 years before everything is done and approved.
With possibly 800 million shares outstanding...
If they can get new investors.
I don't buy the conspiracy they have intentionally dogged it.
And just exist to collect a salary.
It is a great product.
But it was always the internal product that had the value.
And Management was never able to move from Plan A to Plan B.
Or maybe even Plan C.
And that is what you need to be able to do to take a penny stock across the finish line.
I would imagine it was because they were able to raise that much money easily.
They exceeded expectations.
I got in. I think it is great a little bit down the road.
And my Take...….
We are stuck at 15-25 cents a share - give or take - till revenue is generated. That we know.....
.
But we are heading North overall.
They very well may need to dilute.
We will see if they can get someone to invest 2 million in it.
If they can. Well. My mind is eased a little.
I would do it myself if I had the extra cash.
A 20 cent stock that in 2-3 years could easily be at 2 dollars.
"I believe they had material news pending CE Mark approval with partnerships. Guess not."
No. If you have been following this....well that is not what they have been saying. At least in the last 6-8 months.
.
There has never been a time when they have been saying..."As soon as we get the CE there is a deal ready to go..."
.
This is obviously good news. Even though people here blow it off. Who knows how long approvals will take anywhere in the World right now..?
They got it in "under the gun"....even if it took a coon's life.
.
But. It shows the strength of the product.
And a lot of their upcoming products will be similar.
And they have had to jump through a million hoops to get these two approvals.
Things should get easier next time(s)…..
.
Having said that.
Well obviously this stock is not going to move till revenue starts flowing.
We all know that.
I have been saying for quite awhile that they should just bite the bullet and do what it takes to get revenue to get the other product trials started.
.
As Poly and others have said here before.
The external is a crowded marketplace right now.
But...………………
You get other products approved. Especially internal.
Well. You can put together package buying deals that will pull it up.
From healthcare "organizations"....using a very broad term....
.
"You really want the internal and can buy the external possibly cheaper..but...this is better...and buy all the products and we will cut you a deal. And you really need this one..."
.
Anyway.
The virus is putting stuff on hold.....
But I still believe in the science....
And that the stock is dirt cheap at these fluctuating penny prices...
Agreed. Dilution sucks. But it is a fact of life. Arth has made some errors for sure. But they have also been thrown some pretty bad curveballs. The question is whether this dilution will be mostly putting money in the pockets of Management. Or whether they will do something productive with it.
It is a big deal. Any good news is a big deal. And there have been a few naysayers out there in internet land saying they need this to proceed. And it shows that they are thinking further down the road. Having said that.... Well me need the CE mark to be approved. And it has taken well over a year. But that is not there fault. It was supposed to be 6 months. But I guess the EU is more f*cked up then the US. And. As everyone knows. Until they start generating revenue then the stock price isn't going to rise substantially. Is there something they know that we don't..? Well I am not going to count on it. I am not expecting a bombshell announcement at this virtual conference. And the global economic meltdown and quarantines certainly does not help. But the good news is everyone else is in the same boat as well. I am certainly feeling better today then I was a week ago. At least they are trying to push forward. And at least they got this approval before it could get worse. I am still optimistic. But I certainly understand other peoples apprehension.
Believe it or not - I went to Tufts back in the 80's for undergraduate. Great times. And Norchi has a later degree from them. And I am living in Tucson now but still own a place in Western Mass. - near where Norchi did his residency for his med degree.
The science is solid. At least as solid as it can be for a penny stock. This is MIT developed stuff that has already been approved - meaning their basic product by the Feds.
But things come up. Unexpectedly. And you need to deal with them. A so-called "Plan B". Management may or may not have been on the ball regarding this. At the very least they have not communicated well. But even if they are a little slow - and I am not saying that - cuz managing the fire ringed hoops to get a penny stock to fruition is tough.... Well. I think there is enough there in terms of the overall many products that we will see a winner here. Even if it takes a few years.
So for now I am just sitting tight. And am not going to try to play the bounces up and down. And it makes it a lot easier now that I picked up soo much for soo cheap.
But I still believe in the science.
Yeah. It depends whether you are in for the short or long term. A lot of us longs have been burned in todays market because we bought between 30-70 cents a share. Over the years. I know I have. But I picked up over a million shares at slightly under 15 cents recently. But I am in for the long term. So I am not going to sell them. I am thinking 2 years out. But regardless. Lets hope if they dilute again it is not at 15 cents..! hehe. Good luck to all......
About the only thing we know at this point is that Arch is worth more then 15 or 20 cents a share. That should be understood.
They have an FDA approval for their basic product and it appears a CE approval should be coming soon. But as has been pointed out - it is a crowded market for basic external and a year on from FDA approval there is still no deal and they were forced to dilute more.
Still - they have been building inventory. Which is worth something even in a bad deal.
To me - the fact that the external was cleared by the FDA lends credence to the notion that the internal - and maybe whole pipeline - should eventually get cleared. It may take a whole lot of more diluting if an external deal can't be cut in 3-5 months...…
But the science seems to be sound. Maybe the f**k-ups can be blamed on Management.....maybe honest human error or things out of their control. Maybe both.
But it is worth more then 15-20 cents a share.
Good luck to all.
I don't think we will see a real run until a deal with revenue is cut.
It may bounce up an down between 15-25 cents a share.
Or a little more.
But if they can cut a revenue producing deal...….
Even just enough to put off major dilution....
Then I think we are back up to where this stock has been in years past.
If you mean stock data - well it is trading. It has bounced between 0.150 - 0.167 on low volume.
Just came across this article. Nothing new. But at least
someone out there is writing about them.
.
https://www.generalsurgerynews.com/In-the-News/Article/09-19/Gel-Staunches-Surgical-Wounds-Quickly-Effectively/55910
Thanks Poly. But I would think that ARCH would have at least had the money to pay whatever fees are required to see it through. How much does it cost to file an application and find out the results.? I just don't know that system or what type or amount of payment we are talking. Do they pay it directly..? Or have to pay another company who then pays it..? I would think the fee would be the least of our worries. Unless you are talking into the hundreds of thousands of dollars. Or possibly more.