Reshape Lifescience --RSLS

Discussion in 'Penny Stocks' started by Biotechmaster, Jan 16, 2020.

  1. Biotechmaster

    Biotechmaster Member

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    RSLS =MC $2.5 M Cash $7.7M / O/S 353 K most of these shares owned by Armistice who still continue buying more current Float is only 100 Kshares . this SUPER EXTREME low float is close to profitability . Lap band to treat Obesity is marketed international. This unknown gem is a potential $100 stock trading at laughable $6 .A MONSTER Opp here guys


    ReShape Lifesciences, Inc. is a developer of minimally invasive medical devices to treat obesity and metabolic diseases. Our current portfolio includes the LAP-BAND® Adjustable Gastric Banding System and the ReShape VestTM*, an investigational device, to help treat more patients with obesity.


    Reshape Lifescience (RSLS)

    Market Cap: $2.5 M
    Cash: $7.7 M
    Price $6

    Shares Out: 353 K -- Armistice alone holding over 200K Shares


    Revenue expected to be around $15 million --Product Lap band aquired december 2018 -- lap Band was owned by Allergan at its Peak the product hit almost $300 Million


    MASSIVE insider buying --Armistice
    https://www.secform4.com/insider-trading/1371217.htm


    presentation
    https://ir.reshapelifesciences.com/static-files/b1a15609-3950-47ad-b00f-ef8430fd1a30


    •Acquired in December 2018
    •Global regulatory approval
    •Only obesity device reimbursed in U.S.

    •High-margin product, maintained ASP
    •Focus commercial organization on strategic markets for LAP-BAND® •Drive revenue utilizing new long-term clinical data and patient marketing
    •Achieve revenues and profits to meet criteria for NASDAQ listing


    [​IMG]
     
  2. Biotechmaster

    Biotechmaster Member

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    stock exploding again with such extreme low float and MASSIVE potential this stock could explode towards $100 in no time .GL
     
  3. Biotechmaster

    Biotechmaster Member

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    Put a high gtc sell order in like $50 for your shrs to reduce the available shrs on market this supports the sp even more .thank you

    Q:What can you do to prevent your shares holdings from being shorted?

    A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account.

    There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are ‘on order’ they cannot be lent out by your broker and in turn you are reducing the amount of ‘free shares’ out there that can be used for shorting purposes. And don’t forget to move your limit order up when the price starts to recover, then, that way your shares can’t be shorted – not much but helps :D.

    Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on.

    In my opinion well worth doing if not only for the knowledge that your own shares cannot and will not be used in a short attack against the very share that you own.

    https://www.contracts-for-difference.com/Borrowing-lending-shares.html
     

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