Not sure what you mean by insiders taking profits, all insider trades for over a year have been acquisitions?
Agree, balloons are a much less invasive way of reducing stomach volume,
and Obalon has the best product, their balloons not having the issues that fluid filled balloons have.
"Some of price drop movement may be due to EOWeek and potential budget impasse.
What is the company doing? <---is it just insiders taking some nice due profits or are they preparing to rise new funding via price dropping back toward under say $2? Nevertheless looking forward to sales extending to more states and patient population needs. This seems a really advanced and non-evasive procedure to deal with over-weight eaters.
I knew several acquaintances that had actual surgery to take out part of their stomach, to stop their weight gain. This is way more cost-effective, less dangerous and quit easily done substitute medical procedure. Folks get real programed to eat same volume of food stuffs as they age and transition from previous activity and work calorie load burn.
This is the most humane method to fight psych behavior set-driven over-eating. FDA knew that.
Translation: sales + more cash flow profits on way next year.
Stock issued and float is very low . . . already over normal
float size transactions today is also a positive.
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