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Hi Forever39, I wish I knew enough to answer your question. They are reportedly awaiting written questions from the FDA...then maybe we'll all have a better idea of the situation. I'm rather frustrated. Some may claim it's due to a lack of patience, however I'm unsure whether patience is warranted at this point. Although Norchi is absolutely trustworthy, many factors outside his control concern me.
Still, what do you believe Norchi's intentions are? Do you think Dhillon is taking advantage of him?
Happened to me a few times in the past couple of days, but only on my smartphone. Hopefully, it's a temporary problem.
Hi BuffaloBob, that helpful to see. Still, you might want to search earlier statements from a couple years ago...almost identical to the wording prior to the CE mess up. The wording sounds hopeful, but it's the same, just different years and in relation to unsuccessful applications for approval.
You said it. I still have a post from the summer from oildegears which really made sense...basically he would wait until progress, even if it meant buying at a higher cost. The risks and opportunity costs don't seem warranted at this point. Again, it might mean I buy in higher when the groundwork is more solidly laid for actually marketing and selling the product. There will still be money to be made, with less risk given the long- term prospects for ongoing profits (as opposed to this continual slow burning of cash).
I will frame oildegears' post by my "investing" desk, it had wisdom written throughout!!! He and divea saved me a few bucks to be sure.
This isn't the first tree shaking by a long shot, so I'm not sure how to take your comment. Just two weeks ago, Norchi indicated in public statements confidence in the 510K timeline, so this latest news comes as a shock. I'd be fine holding steady (as I have for a long years-long rollercoaster ride) if he had just been telling it like it is. I'm much more comfortable with a transparent scenario, knowing full well that these approval processes take time. I really like Norchi and trust him, although not necessarily his instints. Perhaps others are giving him poor advice on what and when to share information with shareholders.
Also, of those I know with tons of extra money to invest, they don't have any better information to see into the future than we do...and most wealthy people are unlikely to invest heavily in penny stocks. I'm skeptical there were millionaires on the sidelines just itching to join on this drop, unaccompanied with any hope for a profit from the actual sale/marketing of a product in the near future.
Thanks BooDog for this info and the earlier post. You've always provided helpful insights.
Oh, but to turn back the clock to the 80s! I could have sold and been a happy camper without even seeing this through to the end.
Sure, he seems to have a "direct line" to Norchi, but apparently that direct line doesn't necessarily contain accurate information, at least with regard to his latest update, which made the 510 approval imminent.
None of this is adding up (well, actually perhaps it is...no crooks in my opinion, just an utter lack of transparency.) It's so wrong on so many levels to leave us in the dark and drop the news like a bomb, all while feeding Gumshoe positive updates.
I can say, I'm utterly relieved about the timing...the loss on some more recently bought ARTH shares can be deducted from my taxes. This news in January would have pushed me over the edge!!
I agree. Still sometimes I wonder about our naysayer Divea. He said the day for the 510 approval would never come. I really wish his post earlier this month had not been removed...might fill in some of the blanks of what just happened.
Anyone know what happens to the main company owner/investors like Norchi? Are they more protected than we are? I have stuck it out knowing that they have skin in the game, too.
One Flew, #7904 is Boo Dog's explanation and it makes sense.
I'm wondering whether to bail based on what he mentioned...then buy in again once it moves back down again.
You said it..."dead money"...all while the stock market has been hitting all time highs. Until now, I've seen this money sitting there as simply lost opportunity costs, but now am wondering if it won't be more. So disappointing...if it's true Norchi sounded so optimistic in his public statements earlier this month, that adds to my concern (because how can we trust what little information the company ever provides in the future).
Please say it's good news, even knowing you can't post the specific information. I don't think I am patient enough to wait yet another year...getting tired of the opportunity costs with the capital invested.
Zip, you didn't create confusion. I understood by your earlier post that the FDA was responding generically to the scenario you described and not specifically about ARTH. I'm still utterly confused about the reference in the latest ARTH report that mentions a class II device.
I have to admit, I avoid "confirmation bias" like the plague and appreciate differing opinions, even when they contradict my investing instincts.
I'm starting to be concerned with negative posts on this board being deleted...all I did was ask if someone's posts were being deleted, and my post was removed! What harm is there in hearing differing viewpoints?
I'm not ill-intentioned...and only ask that we allow all to post freely.
Please try reposting. I'd like to read your comments.
Your assertion that some of your posts are "blocked" confuses me, considering everything I post is immediately visible. Regardless, supposing there is an issue, perhaps reposting would help.
Thanks so much! I'll subscribe...sounds like it's worth it. Whatever you posted will be much appreciated by me (and others).
I'll PM next Friday...your note was much appreciated and all worked out 100% fine! You are tops!
With so many high opinions of Dr. KSS, has he led subscribers to a lot of winning biotech stocks, such as EXEL? I might subscribe but would appreciate a sense of his track record in the past (beyond ARTH).
Thanks UFO. Threw me off for a minute there!
I'm totally confused with the .40 spread between bid and ask price. Makes me wonder about more fun and games from MMs.
Thanks for the update. Crossing my fingers for more info on "our" 510K application.
I don't have a penny stock mentality (or I would have cashed out at around 60-70k profit in a six-month timeframe last year...I still can't believe my naïveté). Unfortunately, I am now fully aware of the penny stock games....and they are extremely unpleasant to say the least. You are 100% right that ARTH doesn't belong in the penny stock world, yet here we are. The games played at this level don't seem to distinguish between a guy in his garage and a legitimate gem like ARTH.
Once on NASDAQ, what's your "guesstimate"? I like your enthusiasm, but you sound like one of the P&Ds from last summer. Hope I'm wrong...you certainly seem quite competent.
When I complain about market ploys, I'm talking about daytraders coordinating to push the price artificially higher, hyping for others to buy, then selling in mass. That's not at all good for the markets, in my humble opinion. I'm not saying that you're doing that but am explaining the points raised in an earlier post -- still wasting the minuscule cranial bandwidth remaining between my ears ;).
You'll understand my concern if you read posts on the board from a guy called "Clay trader" or something similar sounding. He took us for quite a ride and is likely still laughing at the long term holders since he bailed.
Maybe you would be helpful there also, but I've done very well in markets without dealing with any (apparent anyway) warfare. It means long term focus...so the switch to short term shark type investments is quite new to me. I moved from penguin infested waters to shark infested waters, but I'm still a penguin feeling like I'm ready to be eaten alive.
LOL...I wish you were my investing coach over the past couple years, albeit only as it applies to individual stocks, not broader based investments. You read me well, considering I waste a lot of "cranial brainwidth" on a daily basis...and not just relating to investments. This will be my new motto to friends, who will double over with laughter because it's a comically accurate portrayal. Part of the explanation, I am no gentleman, and hopefully a lady (most days anyway).
Thanks for your insight, but they don't strike me as those who pick up shares when the stock is tanking (i.e., buying me out of shares if needed). They seem to be leeches in the most fundamental sense. I still like hearing your contrary position...maybe I AM missing something. They add an artificial valuation to a stock, which can't be a positive, at least from my perspective.
Reminds me of last summer. There were an awful lot of 100k purchases over the past week. Pump and dump...make a few bucks on the backs of the longs until the product succeeds and there's no room to play anymore. These day traders should be shut down...they contribute nothing to the economy...and can wreak havoc with legitimate investing opportunities.
Thanks codaras and UFO. Both of your explanations are extremely helpful. I wish I would have kept all 110k+shares...but need confidence to hang onto my remaining shares. Still have enough money at risk to worry a bit.
Sorry to persist, but if he doesn't like the business side of things, why is he on the board? I would think he would want to benefit from his work, otherwise my only logical conclusion is even he thinks the risk is too high. I really hadn't realized this until you highlighted it. I'm sticking it out, but this just sent up a red flag.
Actually, I wasn't aware that the inventor doesn't himself own any ARTH shares. That actually is a source for concern if you are correct. Why would that be a positive point?
You sure make me feel a whole lot better...at one point I had almost 111k, but my stomach wasn't enjoying the ride, even on the bumps up. Had to scale back...suppose I'll keep adding here and there. I need to pass the "sleep test" which I failed miserably back in '08! And then again last summer with the excitement of the CE application that never happened.
UFO, many thanks! I appreciate your insight. I'm in above my head with this type of stock...my lifelong investing lessons do not apply in any way, shape or form. I just don't want to get too burned in a worst case scenario.
Also, another sign of my cluelessness, what is the gap I keep hearing referenced? A drop in price or the reverse?
I'm appreciative of all the responses, positive and negative.
Congrats on the .18 cent purchase. I wanted to buy at .18 (when discovered a long ago friend was behind ARTH), but had a delay setting up the brokerage account, so started buying in the low 20s. I rode this baby all the way to around 90, when it came crashing down. My 30 plus record of buying and holding the old fashioned way made the experience reminiscent, although not nearly as bad, as 2008. Then a year of 20% gains missed on the money diverted to ARTH caused me to pull back a bit. I still have an uncomfortable amount of money invested for a single, big risk stock, and remain with it solely based on the knowledge that my long ago buddy is intelligent and honest.
I hope I'm wrong to be worried. There sure do seem to be those who are able to manipulate the price based on no news. Just wish they'd clue me in on the whole maneuver so I'm not left holding the bag (AGAIN!).
Why aren't folks waiting until after 510 application results? These must be new folks on the scene, taking a gamble, right? I actually get nervous about these sudden spikes, because history tells me they precede dramatic drops, especially considering nothing has actually changed just yet.
Have to admit, I laughed at the "I'm BAAAACK" remark. As much as I have no idea about Dhillon, I do know that at least a couple of the key principals are fine individuals. It's not a scam, but perhaps things aren't playing out as hoped in terms of the time frame. With pennystocks, your advice to not invest more than you can afford to lose is valuable regardless.
Seriously, I reread the numbers a couple times to see if my eyes were playing tricks on me. Did they have to publish the information? If not, it's inexplicable; add a couple more zeros and it'd be worth mentioning :).
Codaras said it should be 177 days (few posts prior).
You said it! I still don't even think the application is enough alone. I'm confident MMs will use the application to pull it higher and dump to harvest profits before any approval.
I'm still unsure why the price should jump simply for filing the application vs. when it's actually approved. The real movement should come once 510K and (heaven knows when) CE are approved. Actually applying for either 510K and later CE will at least allay any questions about what is happening with all the delays.
Once submitted, any estimate on how long before it is approved, supposing we're lucky?