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Puissance just registered its 20 million shares for sale. Fortunately they have to wait a year before they could put them on the market. Hopefully we have that much time. I'm just waiting to see if there's a pop to 2.50-3. Unfortunately it seems like all the original pump and dumpers have abandoned ship too.
I honestly feel that selling these devices is not an easy thing. They are expensive and the return is slow. I thought this was a great idea two years ago but not so much now. And management in this company is horrible as all they do is take huge salaries and reduce the value of the stock by diluting it. For the amount of time it will take for this stock to respond we will be reduced to nothing because of reverse splits and more dilution. No wonder why our founder went to a completely different industry
"Approximately 86.2% of the company’s stock are sold short."
I hope that is 8.62%
Crooks!
I'm just shocked at what he owns. I exercised my rights only so I own 3000. And I was hit by the 1-7 split. I really don't have the confidence but I figured whats another 1500 compared to what I originally invested. Hopefully I could get out of Dodge a lot faster.
So Looby, president and ceo only owned 1857 shares? Disgraceful.
The reporting person exercised in full his basic subscription rights, pursuant to which he acquired 1,857 shares of common stock. The reporting person also exercised in full his over-subscription rights for an additional 1,857 shares of common stock
Probably because rights offerings are not good and usually a last ditch attempt for a company in financial turmoil to raise money.
So with all this talk about buying or not buying the new shares could anybody tell me what the restrictions are on these new shares? Is there a time limit on how long you could hold them before you could sell them? Can you dump them onto the market immediately after buying them killing the stock price? If you have to hold them for one or two years before selling them that would be good but if there are no restrictions and they can be sold immediately expect this ship to go nowhere
You are correct and that's why I couldn't find it. It was on the Yahoo EKSO message board. My reply was if your broker is trying to borrow your shares somebody's getting ready to short this stock and it's happening now. I truly believe this company should be investigated and I am writing off my investment because at this point I don't think it's recoverable. And I'll be damned if I put another penny into this crap. Every move the stock has made has been because of pump-and-dump articles. Revenues and sales are not there
When a poster last week said that his broker called him to borrow his shares I posted that this is not good and somebody will be shorting the stock. Obviously it was known and this stock is manipulated as any stock I've ever been in. It's a real piece of crap and I wish the cheerleaders here would stfu!
Why do you want to hear from Keith? He's been wrong on every turn. All he wants to do is pump and make his money. Trash!
Wow, even this pump didn't budge it.
https://finance.yahoo.com/news/uptrend-continue-ekso-bionics-holdings-091709032.html
Investors certainly have to be happy with Ekso Bionics Holdings, Inc. (EKSO) and its short term performance
Please rhet, wake up
The only time this stock will get a break is when it starts to post real revenues. People comparing it with Apple are insane as they put out mainstream products used by the mainstream. Ekso is a very limited product line used for soecual purposes so they have to execute on time and show us the money!
Looks like they want everyone shares with stop losses.
At 1.08 it's pre reverse split number would be $0.15. Junk or scam, either name fits.
8k filed...from the filing
The Company is offering severance benefits to the affected employees, including cash severance payments, grants of restricted stock units, outplacement services and payment of health care insurance premiums for specified periods. Each affected employee’s eligibility for the severance benefits is contingent upon such employee’s execution of a separation agreement, which includes a general release of claims against the Company.
Ekso cutting worforce by 25%. They are getting desperate.
Ekso Bionics Holdings, Inc. (NASDAQ:EKSO), a robotic exoskeleton company, today announced plans to streamline its operations and reduce its workforce by approximately 25% to lower operating expenses and reduce cash burn. The program intensifies Ekso’s focus on driving commercialization of its proprietary Ekso GT for rehabilitation and its exoskeleton offerings for industrial applications.
Ekso Bionics will focus on advancing placements of its Ekso GT so that patients with stroke and spinal cord injuries can achieve better clinical outcomes and improved quality of life. In industrial markets, the Company will work with partners to increase awareness and utilization of Ekso Bionics’ exoskeleton solutions for industrial workers. The Company’s R&D efforts will continue to move forward with programs to advance Ekso’s proprietary solutions.
"We acknowledge the hard work of those affected by this decision, all of whom have been instrumental in bringing our life-changing technologies to market," said Thomas Looby, President and Chief Executive Officer of Ekso Bionics. “We remain on track with our strategic priority of establishing our unique products as industry standard. We believe that the measures announced today will enhance shareholder value as we more efficiently deploy cash and solidify our leadership in the emerging exoskeleton industry."
The Company estimates these cutbacks will result in a 25% reduction in monthly operating expense. One-time cash severance and related expenses are estimated at $1.0 million.
In two years anything you're holding will be reversed split to nothing or diluted other ways to raise cash. I'd love to eat my words but after 2 years I really don't see the light at the end of the tunnel anymore. I have seen the GT at Kessler and Burke and was totally impressed as you are by this company. But I've come to realize it's not a massed merchandised item and money will be hard to come by. By the time they get to licensing which is what you're counting on they will have had to have raised a lot of cash through dilution. I do hope I'm wrong
It was either in the last conference call or Loobys speech about the state of the company after the call. I don't have time today but I will find it
Rhet, you've been a cheerleader for a couple years with this company and all it has done his disappoint. It's time to smell the roses. I was in this before the split and I'm still holding with an average cost of $8 a share. There will be a class action suit I'm sure of it and I wouldn't be surprised if you see another reverse split.
Also I thought I read in the CEOs last rah rah speech that Talos is up at the end of the year. I'm not a hundred percent sure but I think I read or he said it but I can't find it now. If stock recovers in the near-term it even smells more of scam and stock manipulation. Even there biggest pumper can't pump in anymore, Fitzloser!
If you figure in the reverse split we're at $0.22
These guys should be hung
What makes the company trash is a 1:7 reverse split and then a drop from $7 to a 1.90. Did I mention the dilution in between the two.
Wake up dude
You like pain I guess.
EKSO is not even a good pump-and-dump anymore. Total BS. Been in it for over 2 years and the reverse split. I think everybody's on to these guys.
Burke is about 10 minutes from my office and are the premier rehab center in the NY metro area. They have had the EKSO GT for a while & have a special room set up for it. This is a great start.
Just a thought. If EKSO does another 1:5 split and the stock his $20 is Fitz correct? Now that is laughable.
This is just a hypothetical scenario to illustrate if a predicted price target should change after a reverse split. I am long on EKSO.
Well 21 was a his target when the stock was $2.00 before the 1:7 split. So shouldn't it be much higher now?
I've posted on the Yahoo board. Been in this for 2 years. 12k invested. Fitzgerald has been touting $21 for over a year before the split. Look it up.
"At $3.98 per share, EKSO still has a long way to go to reach Fitz-Gerald's price target of $21.85 by 2020. But the company's new developments make that target more than attainable"
That so funny. That price target was pre 1-7 split. So the new target should be 152.95!!!!!!! LMAO
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