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https://www.theguardian.com/business/2018/dec/28/exoskeleton-suits-can-superhuman-frames-cross-into-the-mainstream
Note the estimated time the device will come to market...Mid 2019...not early 2019 like Jasinski previously stated
This is a link from some DD done by one of the people posting on ST (He has contributed a great deal of information; and provided links, on that board) I wish he would come to this board. I do not comment on that board but I do read everything he posts.
Although the date on the article is current, the information seems a bit dated.
https://archpaper.com/2018/12/bionic-construction-workers-sarcos-robotics-ekso-bionics/
After hours spike in EKSO and RWLK at the same time. Just coincidental noise or a real move on some kind of insurance news? Only thing I can think of that they have in common to move at the same time.
Anyone have any ideas?
Definitely into oversold territory now. If I had some cash I would make one last buy at this level. This could become one of those self-fulfilling rallies if the herd begins to move in. Just need a spark of good news. What good news can come at this time of year though? I don't expect anything until after new year. Love to see it before then though.
What is up with stock?
For over a week now the people on ST have been spouting how this is going to take off soon. Down from .23 to .18...They keep using the FDA submission BS as catalyst and wondering why PPS keeps going down. The year is coming to an end, 11 days left, minus weekend days and holidays so do they really think the news will actually come? If you believe what Mr. Jasinski says, you deserve to lose your money. His has mislead investors several times with statements that have not come true. Do any of them actually think that he will come out and say they are failing and will be closing up shop? They only got $ 12 million plus from the deal and 3.6 had to go to Kreos. At their burn rate they will be through what's left in no time.
At this point I have no choice but to hold and hope for a miracle.
You are correct, but that is with penny stocks trying to get onto the NASDAQ. This was a NASDAQ listed company that is failing.
I am also a shareholder in EKSO Bionics, have been for years, before they were a NASDAQ listed company. Much different management and performance.
What is happening with RWLK has a much different feel.
I have been thinking about this latest financing deal. The more I think about it the worse I feel. I may be looking at things wrong but I feel a bankruptcy filing coming.
I admit that I am no finance or business major but things are looking like the previous financers are setting themselves up for an out. Somewhere, I believe in the prospectus, the agreement allows shareholders at the time of the agreement to accumulate more shares than they would normally have been allow to. Purchasing the new shares and warrants and dumping them ASAP will net them much more of a return, even if at lower than .30/share than the pennies on the dollar they would get if they had simply waited for bankrupcy. After all shares have been dumped, who is left to get paid at bankruptcy? Us, the holder of worthless shares.(bagholders)
For example...
Kreos Capital V (Expert Fund) Limited, or Kreos V, has agreed to purchase in this offering 4,800,000 units and 7,200,000 pre-funded units at the applicable public offering prices for an aggregate price of $3.6 million, including the aggregate exercise price for the ordinary shares to be received upon exercise of the pre-funded warrants if Kreos V exercises all of the pre-funded warrants it is purchasing. We intend to use a portion of the proceeds of this offering to repay Kreos V $3.6 million for outstanding indebtedness under our secured convertible promissory note held by Kreos V and other related payments to Kreos V (including principal, prepayment costs and “end of loan” payments).
Kreos was owed $3.6 million, they bought enough shares and warrants to cover what they were owed, RWLK turns around and repays the $3.6 million they owed Kreos. Now Kreos can turn around and dump those new shares and warrants at whatever they can get, it may be at a loss but it is much more than the pennies on the dollar they would have gotten back on the original debt at bankruptcy.
Could the high volume be just that, dumping of shares on the market at just enough to maintain a decent return?
Am I just a conspiracy nut? Maybe I watch too many movies!
If you just started looking at RWLK at the beginning of December and don't know the history with them, you might be able to say they are doing fine. From my perspective, they have been a disaster. Down from 1.00/share, failed to close a financing and joint venture deal, missed earnings several times, continues to move the profitability goal post backwards, and makes a financing deal at 1/3 the PPS when the agreement was made. Add to that, the fact that they have been flirting with de-listing for a long time. (Long before the PPS dropped below 1.00). Read the filings to see what they had to do to stave off de-listing.
I have not done any research into Bionik Labs or Cyberdyne so I haven’t seen their stock performance. I am a little surprised by the drop in EKSO’s share price to under $1.50 but I can understand why RWLK has tanked. IMO, the failure to close the 2nd and 3rd tranches of the Realcan/Timwell deal left them scrambling for funds. I think they had to accept terms of this offering rather than set the terms since they already owed money to them(Kreo Capital). The failure to close, after Mr. Jasinski, lead investor to believe a deal was forthcoming, along with the fact that they still haven’t come out and said the deal is dead, makes them look shady. I don’t think there is confidence in Mr. J, when he says, Restore FDA submission will happen by year end and go into production in early ‘19 and bring profitability. Add the fact that they are on the verge of de-listing or R/S, it is no wonder the PPS is where it is.
Looks like we're in the same boat! I have 3,000 EKSO and 2,650 RWLK in my stock account and 555 EKSO and 5,000 RWLK in one IRA and 1,635 EKSO in a second IRA.
I sold a bunch of 1.00 EKSO shares at 3.18, then twice I picked up 1,000 at dips to 1.80 and then 1,000 again at 1.50...In the IRAs the EKSO shares were originally 1.00 shares in my stock account sold them at 2.70 and bought them back at 2.70 in IRAs
RWLK...5,000 at .80, 2,000 at .50 and 650 at .25
My sentiments are about the same as yours. I have no more cash to try to average down any more in RWLK. I chose to pick up more in EKSO at what I thought would be the bottom at 1.80 and put the last cash in EKSO yesterday at 1.50, about 2 minutes before the PR came out about Russ leaving.
Like you, I am in a sit and wait mode. Hopefully Jasinski can pull a rabbit out of his...hat...and get the Restore product to market before they go belly up.
At least EKSO has some money coming in with the EKSO vest. They do have it in trials all over the place. Remains to be seen if they can convert into large orders.
Good luck to you!
According to the following, it looks like 13 Dec, effective 1 Jan '19
https://ih.advfn.com/stock-market/NASDAQ/ekso-bionics-holdings-inc-EKSO/stock-news/78904245/current-report-filing-8-k
How are things going for you? Here and EKSO? Still see anything positive in either?
Who is replacing DeLonzor as COO?
RWLK's low on the RS-14 chart was 12.14 at a low of .23/share on 16 Nov '18
With the volume of trading last week it now stands at 18.69 at a low of .20/share as of this morning.
Less oversold at a lower PPS, plus I believe the volume dropped off on Friday. Looks to me, like the upward pressure has subsided a bit, at least for now.
With all that said, all those things were known BEFORE the stock tanked to below .30...The reason the PPS tanked was the failure of the JV deal with Realcan/Timwell. (They failed to get the 2nd and 3rd tranches of the deal...the 2nd tranche was $20 million, that is considerably more than the money raised in the offering, plus the Timwell deal would have meant a footprint in the China market)The .30 offering was a desperate financing deal with a previous finance partner that they were still indebted to. There in still down side risk, they are on the verge of being dilisted, a very big downside catalyst that has about the same odds of happening as the upside catalysts.
The upside catalysts are based on a series of "ifs"...the downside catalyst is based on one "if" and one big fact. That being the fact that if they don't see upside catalyst come true they WILL be delisted. Of course they can R/S to avoid delisting but that is another huge downside catalyst.
The only thing the PPS has going for it is that it is highly oversold and may see a pop "IF" enough day traders pile in, in that case, there will be another group of bagholder born.
My advice to anyone reading this, is that if you are not an experienced and nibble swing/day trader, either put only a small amount (which you can afford to lose) into this stock or stay away until some type of real news on progress is released. Yes, you may miss the pop but you also may be saving yourself a huge loss as long as no news is released.
There was huge volume last week and the PPS failed to move.
Be careful and good luck! (from a current bagholder...I could use a pop here to unload some...I am in at .80, .50 and at .25)
That article mentions the China JV. All signs point to that deal being dead...that is why they came up with the .30 share offering...That is also why the PPS tanked. The article also mentions upcoming catalysts...we've known about those since before the PPS drop. We are near the end of the year and still no hint of Jasinski's targets being met. All the while they are still burning cash.
A 100% gain from these levels does nothing for those that are/were in at the .80-1.00 level
From the article:
March 2018: ReWalk signed a $20 million strategic investment which included establishment of JV, licensing, and supply agreements with Timwell Corporation (Realcan pharma affiliate)
and
Although ReWalk remains in dialogue with RealCan, they are also evaluating alternative paths with different groups to penetrate the Chinese market
Post #5641 I called little support at 1.80-1.90 and 1.60-1.70 as the real support level. I sure hope I was right or we go all the way to 1.50. RSI-14 is reaching 30 again (30.51 actual) which indicated oversold. Sure could use a bit of good news to get us moving back in the right direction.
I did pick up some at the last drop 2 drops to 1.80. I have a bit left if we drop to 1.50 and will be finished adding...below that I'm looking at cutting losses
I also have a stake in RWLK and have got my a** handed to me. Bought some to DCA down, what else can you do? That company looks like it is just grasping for anything as a life preserver right now. They put all their eggs in the healthcare basket and NEED to have the soft-suit device approved soon (they said by year end...running out of year!). They also need more insurance company coverage, but I don't see that happening in one -fell-swoop, therefore, no big spike in PPS when it happens. When that does happen that will also benefit EKSO.
Looks like stopping the bleeding is all it will do. 50 vests; although better than nothing, is not a lot. Need many more sales to really move the needle. It does show progress but not profitability. When that comes, so will the jump in PPS.
Again, it is a pilot/pilot expansion program, not fully adopting the device use and not mass orders. (YET, hopefully!)
Things looking very bleak...The only positive I can look at, is that it is deep into oversold territory. Mr. "J" would have to say something pretty persuasive to spark an explosive oversold rally. Problem is, I don't see anything positive that he could say. I wonder how all the patients and clinics are dealing with the prospect of RWLK going belly up?
Stuck with 7000 shares, 5000 at .80 and 2000 at .50...I no longer trust Jasinski. He still hasn’t come clean on the JV and the real reason it collapsed. I think this offering is just to sucker iinvestors into buying a ton of shares so they can turn around and Reverse split. How far can this money take them? I don’t see it lasting longer than the time it will take to get clearance and start getting money in from sales of the soft suit.
I just got home from work so I missed the conference call. Were you able to listen to it? Anything you find interesting or encouraging? Did they explain where things stand with the JV?
I didn't think it was bad either but it's getting whacked this AM. I have a buy border in, a bit lower just in case.
Some light reading on what a Pre-funded Warrant" is...
https://media2.mofo.com/documents/170927-practice-pointers-pre-funded-warrants.pdf
I had an account there ST for a very short time. It only frustrated me when I tried to reply to some of the comments. I only looked at 2 stocks there. I quickly closed that account.
As you said, conditions of financing IF they can get get it would help. I'm not expecting anything either. I got my shares at .80 so as long as it remains close to that I guess I'm happy for now. As time goes on I feel less comfortable with RWLK, it feels like they are struggling for a life ring. Possible buyout by a bigger fish in order to pick up the assets on the cheap?
On ST people are talking like ER will cause this to move. I don't...we already got the preliminary (just like last time and it did nothing when the actual ER came out) and it was not very promising. Why would it be different this time? IMO there are 3 things that will cause a permanent move upward. Either a successful JV (looks dead in the water) that would casue a spike, announcement of insurance accepting claims and coverage of the cost (which will probably come company by company and not as a blank statement). That would probably cause a slow grind upward. Third would be news of approval of the newer device. That would be a spike.
Any type of jawboning by Mr. J may cause a temporary pop, but without something substancial like the above, the move wouldn't last long.
Ok, what is happening with RWLK today? Gain of over .12 at one point today?
I stick with what has worked for me with this stock. Doubled my money twice and more than tripled it the third time. As they say "Past performance is no guarantee of future results". Sometimes the charts become self-fulfilling, especially when they reach oversold or overbought. I got the shares at 1.80. Looking at todays low, it reached 1.75. It looks like the real support is at 1.60-1.70, with a bunch of bouncing up and down.
Look back at the 52 week PPS chart and look at the movement after it reached oversold (30) on RSI-14. A little patience was rewarded both times. It was the same, if you go farther back than 52 weeks.
According to RSI-14 we still have not reached oversold, so I would not be surprised if we dropped a bit lower. The reason we didn't reach oversold may possibly be due to the recovery from today's lows. I have had a buy order in for 1.80 for some time, was surprised to see the quick drop, but it kicked in. Maybe pick up some more if it drops to the 1.60-1.70 level.
See posts #5641 and 5642...Remember what I said about oversold and patiently waiting? Exactly what I was waiting for and in at $1.80
What metric are you using to say it is oversold?
Using the RSI-14 chart it is oversold when below 30. EKSO is currently at 43.43, that is not oversold.
If you look at the RSI-14 chart we were in oversold territory, last time we were near that level and price, was in mid July and we spiked to 1.30 (probably an intraday trade). I believe Mr. J made some kind of comment that got everyone's juices flowing. No real meat to what he said but everyone piled in for a time.