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Sounds like they are trying to ramp up for "imminent" production of ReStore with this offering.
What catalyst(s) do you see that will make us run? My guess is CE mark will come before FDA approval. J said they are ready to begin production of the ReStore with the facilities/people they have.
Follow up to previously announced Cigna news
https://exoskeletonreport.com/2019/02/rewalk-announces-cigna-as-first-major-u-s-insurance-provider-to-change-medical-exoskeleton-coverage-policy/
I was thinking .40-.45 range as well...usually there is an over-reaction to news, especially with 1.00 or under stocks.
initial reaction is only .01-.02...thought it would be more
The majority of my RWLK is in an IRA so that is not tax deductable. I still am holding all 7,650 of my shares from .80, .50 and .24....Rode it through the .16 level so .31 doesn't feel quite as bad.
I wish they would announce the FDA submission already. J said imminent back on the 8th.
CE mark would help as well.
I know both are subject to "the process" once the ball is rolling, but J should not say things that infer a time period.
I am in both RWLK and EKSO so this news is also good news for EKSO. It is what many have been waiting for.
I have to say I am REALLY liking the last few days. EKSO moves and is holding and now RWLK is making me some money (well getting it back anyway)
I figured the same thing. In the past people over on the RWLK ST board would get all hyped when Jansinski would mention the VA or Ins. Co. acceptance as though RWLK was the only one that would benefit and they expected it's PPS to rocket. I love the way EKSO goes about executing without fanfare and hype.
From the beginning (even when it was a penny stock) it didn't act like a penny stock. PPS wise or company management wise.
They did have that one slip up with the Tweet that cause the PPS to go nuts but they didn't make that mistake again.
As many of you know I have been on this board for some time. I'm guessing it was about 2 years ago when I spoke with Ms. Golden at Good Shepherd Rehab. Here is a recent video from GS. The work they do is one reason I am invested in and so supportive of EKSO. Good Shepherd is just 4 miles from my home.
https://www.thedoctorschannel.com/view/exoskeletons-may-improve-rehabilitation-efficacy-for-patients-with-brain-or-spinal-cord-injuries/?event=newuser&event_type=oneclick&fbclid=IwAR2TijrKpQXAhzAfnZJq9gge_BeTXr3SCz6gLMyfA8vOxM3W3WJtz4343qg
Anyone have any idea how we can find info/updates/location on the construction of the production facilities mentioned in the JV deal?
@ novicetrader...sorry I didn't get back to you. I was away all weekend birdwatching. As you can see though, there a several people here that are great at helping out if you need questions answered or help understanding something. As others stated RKT and panagis are the 2 you want to follow on ST. You can trust the info they bring. I wish I knew how to find the stuff panagis unearths.
Thank you to Stockholm, Porsche, Bobby and Wheels for the info and insights...you guys are what makes this board great!
Why would EKSO's news of a joint venture have any effect on RWLK? RWLK's joint venture deal failed! Seems like that would put EKSO a leap ahead of RWLK in Asia market sales. EKSO now has funding that RWLK does not.
Well, that didn't last long...I don't understand how we can return the same price we were at before the news. The company is worth more than it was before the news, just based on the fact that the future financial picture is much better.
@ thelionwarrior...Thank you for your DD contributions...we need more posts like that here. Comments that are of value and benefit to everyone rather than a one line "Boom, lift off" type of comment. Welcome to the board.
Reading WAY too much into that right now...he was also looking at other products there that have nothing to do with RWLK. All his visit tells me is that he is interested in the technology as a whole. Also, it appears that that visit was made over 2 weeks ago. That seems to explain the high volume and PPS increase since the beginning of Jan...Need more news to go higher...and don't say "FDA submission or insurance acceptance"...been hearing that since Nov '18...Don't have much longer before getting de-listed or R/S
WHEN?..If you are going to make a prediction at least give a timeline. I guess if it went to .40 by next year or 10 years from now you could make the statement "I told you so".
Question is, do we hold this level or drop back? At about 3:30 they both gave some back with slight recovery at close/after hours.
Looks like Bill Gates made that visit around 8 Jan...look at the charts of both EKSO and RWLK...Coincidence that both started moving up the same time in the beginning of Jan and spiked yesterday at the same time?...I don't think so. It may not be earth shattering news but it looks like people knew and acted on it and yesterday it was released, so everyone else acted. Note the volume increase in RWLK and when it began.
Yesterday I noticed that both my EKSO and RWLK share jumped at about 3:00 PM. At the time I was wondering what news could have come out that would influence both companies. I was thinking insurance news, but that wasn't the case. This looks to be the catalyst:
https://exoskeletonreport.com/2019/01/bill-gates-examines-exosuits-at-the-wyss-institute-at-harvard/
Another worse than expected preliminary announcement and another delay to the submission to the USFDA...how else can they keep this listed on the NASDAQ but a R/S? No way the PPS is above 1.00 and holds long enough before deadline.
"we plan to finalize our ReStore submission to the U.S Food and Drug Administration shortly,”
He said "soon" in November..."by year end" in December...Jasinski has NO CREDIBILITY.
All the while they jerk around, new competitors come in and old ones catch up or move ahead of ReWalk.
Not anymore
I guess the pps reaction was to the actual quarterly and full year revenue not meeting the consensus
https://seekingalpha.com/news/3421393-ekso-bionics-6-percent-premarket-preliminary-2018-results
I thought 1.50 would have been tougher to get through, but 1.80 is next resistance. I agree, tax selling done. Wasn't aware of the short cover.
Back a while ago, I thought 1.80 was where we should be, that's why I bought twice at that level. Glad I was able to pick some up at 1.50. Missed the 1.26 low because I was out of cash.
I'm feeling much better now than a week ago.
Bet your feeling good today!
They've been talking about upcoming news for a month... In Abira's post #459 he has a link which says the FDA submission won't be until mid-end of Jan. It was supposed to happen before the end of the year according to Mr. Jasinski.
As far as any insurance coverage announcement. I don't expect to see an announcement saying all insurance companies have approved coverage at once. They will probably quietly come on board one by one.
With the low price, and coming off the oversold condition it seems like the herd is beginning to move and this may become a self-fulfulling rally (to .50) even on no news. Any statement made by Mr. Jasinski (as long as it isn't negative) could make it an explosive move. Many times a stock explodes even when the announcement really doesn't say anything. If that happens I will be lightening up. If the news is significant and we take off I will hold what I have.
The news I want to hear is that the Restore soft-suit has been approved and is going into production but that was expected mid to end of '19 the last I read. The way things are going it will be end of year at earliest and that will be too late and we will see R/S.
I was watching something on the 52 week chart but had to expand back to Nov of 2017 as the pattern developed...The pattern from 15 Aug '18 to 12 Dec '18 was similar to the pattern that had developed between 20 Nov '17 and 5 Feb '18 (just stretched out a bit over time).
I used up the last of my funds a while ago at the 1.80 dips and then the 1.50 dip. I didn't expect it to drop this far. Once it broke below $1.50, I was looking for a bottom and retest at 1.24...That was the low back in Feb. along with the oversold condition. Just could not take advantage of it. I think we will hang out near 1.40 a bit before moving to $1.50 unless news comes out.
I think you did well to grab some on Monday. Remember what I said about watching the RSI-14 chart, always get ready to grab some below 30, it has always rewarded me when I did. You have to be patient afterward somteimes but it has worked well. Also, the more gradual the move upward from the RSI-14 low the more sustainable the gains are. If there is a spike on little or no news, be ready to pull some out.
I would be very encouraged if we held 1.40+ through the close today
Looking nice today. Would be real nice to get back to the resistance level at $ 1.50 (ish) in the near future.
Your link explains why the date expected for coming to market was moved back. They may get the FDA submission and even clearance but they are running short on time for delisting. Beginning to believe more strongly R/S is coming.