Question

A drop to $4.64 on just 52,000 volume. Few are stepping in to buy. Sell orders outweigh buy orders by a factor of 7.4 to 1.

Your market capitalization is now $115 million, down from $475 million just 9 months ago.

You didn't execute. You rushed the product out before it was near ready. You failed with quality control, logistics, finance, production, sales, pricing, messaging, recruiting, executive leadership, among countless other areas.

You're losing $15 million per quarter. You'll be out of cash in 11 months at your burn rate.

These are facts.

Your company won't exist in November. That is opinion.

You mentioned "your company" and I'm curious to know why you would be on this company page if you didn't work for EC. You are either a disgruntled rep or a troll. It doesn't matter which one you are but I can guarantee you are an asshole.

Believe it or not, there are reps in this company that love what they do and sell. There are also reps within the company that hate everything about it. I would love to hear what company doesn't have this issue.

Talk all the shit you want and quote all the facts you want, but at the end of the day, your opinion means shit to me. Dick
 






Regardless, we need to pick up our Fuse sales this year ASAP or we are in trouble. Wall St. is hammering us and unless our Q1 earnings improve (specifically Fuse), the stock will continue to tumble. My customers are watching our stock price.
 






A drop to $4.64 on just 52,000 volume. Few are stepping in to buy. Sell orders outweigh buy orders by a factor of 7.4 to 1.

Your market capitalization is now $115 million, down from $475 million just 9 months ago.

You didn't execute. You rushed the product out before it was near ready. You failed with quality control, logistics, finance, production, sales, pricing, messaging, recruiting, executive leadership, among countless other areas.

You're losing $15 million per quarter. You'll be out of cash in 11 months at your burn rate.

These are facts.

Your company won't exist in November. That is opinion.

Down another 7% today... might be out of business before the weekend!
 






You mentioned "your company" and I'm curious to know why you would be on this company page if you didn't work for EC. You are either a disgruntled rep or a troll. It doesn't matter which one you are but I can guarantee you are an asshole.

Believe it or not, there are reps in this company that love what they do and sell. There are also reps within the company that hate everything about it. I would love to hear what company doesn't have this issue.

Talk all the shit you want and quote all the facts you want, but at the end of the day, your opinion means shit to me. Dick

Yes. "Your company". I'm a guest here and I want "your company" to fail. A colleague visits this forum for a small taste of the company cultures our group funds. When discussing EndoChoice and its bad memories recently, he directed me to you. "My company" incurred some losses because of "your company" and its embarrassing failures. Horrendous decision making. Routinely going against your BOD. "Your company" harmed reputations along the way and has broken trust one hundred times over. "Your company" has a brand of misleading partners and failing to execute. Now, "my company" gets to sit back and watch the carnage; the slow death. My favorite part when we are wronged. Water always its level. "Your company" is getting what it deserves.

And it delights me that you think I'm an asshole.
 






Yes. "Your company". I'm a guest here and I want "your company" to fail. A colleague visits this forum for a small taste of the company cultures our group funds. When discussing EndoChoice and its bad memories recently, he directed me to you. "My company" incurred some losses because of "your company" and its embarrassing failures. Horrendous decision making. Routinely going against your BOD. "Your company" harmed reputations along the way and has broken trust one hundred times over. "Your company" has a brand of misleading partners and failing to execute. Now, "my company" gets to sit back and watch the carnage; the slow death. My favorite part when we are wronged. Water always its level. "Your company" is getting what it deserves.

And it delights me that you think I'm an asshole.

You're a special kind of stupid. Such an unhappy little troll.
 






Do you honestly think any doc would buy Fuse based on a family relationship?


We didn't demo at AGA. We don't/can't use them as a reference because an overwhelming amount of physicians at AGA don't like the product and they aren't adding Fuse rooms when their competitor's leases end. Yes, I would say that the director of AGA father/daughter sales rep relationship had influence at AGA.
 






Yes. "Your company". I'm a guest here and I want "your company" to fail. A colleague visits this forum for a small taste of the company cultures our group funds. When discussing EndoChoice and its bad memories recently, he directed me to you. "My company" incurred some losses because of "your company" and its embarrassing failures. Horrendous decision making. Routinely going against your BOD. "Your company" harmed reputations along the way and has broken trust one hundred times over. "Your company" has a brand of misleading partners and failing to execute. Now, "my company" gets to sit back and watch the carnage; the slow death. My favorite part when we are wronged. Water always its level. "Your company" is getting what it deserves.

And it delights me that you think I'm an asshole.

Sucks to hear you are in the scenario you are with your clients. However, there are still good people, who also have significant paper losses, at EC that still believe Fuse saves lives, which I believe will work out in the end.

In any event, bad energy begets bad energy. I am focusing on what I can do to help, and hope that you can move on and make a positive influence in whatever you do.

There is also a chance you are short here, which is a whole 'nother deal.
 






Sucks to hear you are in the scenario you are with your clients. However, there are still good people, who also have significant paper losses, at EC that still believe Fuse saves lives, which I believe will work out in the end.

In any event, bad energy begets bad energy. I am focusing on what I can do to help, and hope that you can move on and make a positive influence in whatever you do.

There is also a chance you are short here, which is a whole 'nother deal.

Now it's down to $4.15. You want to know how far it will go down?

You have just under 25 million shares outstanding. 24,795,000 to be exact.

It is now becoming evident that the company will soon only be worth the acceptable multiple of your recurring revenue business. That's the only marketable piece your company can offer another suitor. Your scope system business has no value to anyone. It's a colossal loss.

The idea of your technology was formidable. The execution is one for a Harvard Business Review case study.
 






Now it's down to $4.15. You want to know how far it will go down?

You have just under 25 million shares outstanding. 24,795,000 to be exact.

It is now becoming evident that the company will soon only be worth the acceptable multiple of your recurring revenue business. That's the only marketable piece your company can offer another suitor. Your scope system business has no value to anyone. It's a colossal loss.

The idea of your technology was formidable. The execution is one for a Harvard Business Review case study.


Dude, I get where you're going but I don't even think it's worth that much. They don't make any of their own products. It's only worth the brand name on the package, and that's just "Goodwill". You think this company has any Goodwill? So the company is worth basically the brand and the contacts on where to source the cheap shit they buy which is all made in China.
 






Dude, I get where you're going but I don't even think it's worth that much. They don't make any of their own products. It's only worth the brand name on the package, and that's just "Goodwill". You think this company has any Goodwill? So the company is worth basically the brand and the contacts on where to source the cheap shit they buy which is all made in China.
 












Dude, I get where you're going but I don't even think it's worth that much. They don't make any of their own products. It's only worth the brand name on the package, and that's just "Goodwill". You think this company has any Goodwill? So the company is worth basically the brand and the contacts on where to source the cheap shit they buy which is all made in China.

Agree. At the rummage sale, nobody will want to take on the scope. It wouldn't make any sense. The project is losing money in the millions per quarter. There are no patents that somebody can't vastly improve upon. It is such a mess that if somebody likes the full spectrum view idea, they'll just start over- like I'm sure the other players have.

There isn't any device business that's even close to proprietary or even being of good quality. The pathology lab, infection control and kit stuff is the only part of the business worth anything- and we're talking less than $40 million in sales there- but again, there's really nothing proprietary about those at all so it doesn't have much value to anyone. The lab does nothing that every other lab doesn't already do, and they don't manufacture any of their own products.

I think if you're a CEO/CFO at a competitor, you have a very difficult time explaining to your board why you would want to buy any of these segments from this company. How do you assimilate this into your existing business? It's a commodity with no value add at that point.

I think you're going to see the stock head straight to $1.00 in the coming weeks. That puts the company at roughly a $25 million valuation.
 












OMG I'm losing business everywhere and I can't sell this FUSE garbage! I think I bit off more than I can chew..

There is a big part of me that wants to feel bad for you, truly. Like the above said, fuse is a really hard sale, the majority of your demos you will loose and it's demoralizing.

But if your loosing sup business that fast, can't get it back, and can't grow the sup side, you really fucking suck and might want to stick to pushing pills instead. I'm sure phizer has an opening.
 






Look, fuse is damn hard so I don't fault you there. But if you're losing sup business left and right, you really just suck as a rep.

C'mon, its not like our products provide any real clinical value over a competitor. Everyone has an endokit now and it is a race to the bottom on price. You honestly think a nurse manager is going to care about our enzymatic detergent when she/he has incentives to provide cost savings to the hospital? The SUP items in our bag are commodity products that we import from China.
 






C'mon, its not like our products provide any real clinical value over a competitor. Everyone has an endokit now and it is a race to the bottom on price. You honestly think a nurse manager is going to care about our enzymatic detergent when she/he has incentives to provide cost savings to the hospital? The SUP items in our bag are commodity products that we import from China.


Look, I'm by no means an Endochoice fanboi. There are a lot of frustrations, some anger, and disagreement with how the company is being handled and ran. Fuse was rushed to market way to fast and the organization highly overestimated physician adoption.

With that being said, our kit business is rather easy to defend and grow. We lowered our pricing to be competitive, and yes, I will tell you that I have leveraged the old and now new enzymatic study to not only prevent loosing business but convert and grow new customers. Im not saying I haven't lost business, I have indeed lost a few accounts that I have not been able to get back as of yet. But for the most part, the Endokit is a good solid product that does have a clinical superiority and yes, people will buy off of that and also not switch as long as you are position it correctly.

Regarding out devices. I'm not going to sit here and tell you they are the best devices to be placed in the physicians hand. Do I think they are decent to good? Sure do. I've had fairly good success at full asc conversions, and driving the needle and snare into hospitals. Additionally our rescue is a no brainer sale. That has to be the damn easiest thing to sell in our bag at the hospital level. It's not a high revenue driver but it still puts money in my back pocket every month.

Selling pure is pretty damn easy also considering we're half the dilution ratio to most competitor and cheaper. Again, most but not all.

Regarding our pathology. Path is a challenging sell without a doubt. I have had some success in turning on a few accounts that have added great revenue and money to my paycheck. I wouldn't say my success is amazing but it's been decent, others have been rather successful with it. Our path lab really is pretty damn good and there are services we offer that others don't.

There are some inaccuracies of what you said regarding the devices however. Yes, they are made in China. The forceps are not our design and we aquired it. The handle of the needle is not ours, but the cath and distal end were designed in house. Snare is our design also. Almost everyone agrees that having the product made in China is and was a bad idea but that was a top level decision.

Am I uncertain about the future of EC? Yes, hell yes. Anyone that is either truly believing we're going to be just fine is a fool and anyone that thinks we will just close up shop is a fool also.

With this long winded post, if you are really struggling and are failing with our infection control side of the business then you need to leave and go find a company where you can just renew contracts and PO's or go to pharma (directed towards the original poster not you.)

Also, I'm assuming the person that posted how hard it is to sell SUP is the new girl from Texas who told me at NSM "I can't believe how hard it is to sell sup here, it's insane." I nearly rolled on the floor with laughter.
 






Look, I'm by no means an Endochoice fanboi. There are a lot of frustrations, some anger, and disagreement with how the company is being handled and ran. Fuse was rushed to market way to fast and the organization highly overestimated physician adoption.

With that being said, our kit business is rather easy to defend and grow. We lowered our pricing to be competitive, and yes, I will tell you that I have leveraged the old and now new enzymatic study to not only prevent loosing business but convert and grow new customers. Im not saying I haven't lost business, I have indeed lost a few accounts that I have not been able to get back as of yet. But for the most part, the Endokit is a good solid product that does have a clinical superiority and yes, people will buy off of that and also not switch as long as you are position it correctly.

Regarding out devices. I'm not going to sit here and tell you they are the best devices to be placed in the physicians hand. Do I think they are decent to good? Sure do. I've had fairly good success at full asc conversions, and driving the needle and snare into hospitals. Additionally our rescue is a no brainer sale. That has to be the damn easiest thing to sell in our bag at the hospital level. It's not a high revenue driver but it still puts money in my back pocket every month.

Selling pure is pretty damn easy also considering we're half the dilution ratio to most competitor and cheaper. Again, most but not all.

Regarding our pathology. Path is a challenging sell without a doubt. I have had some success in turning on a few accounts that have added great revenue and money to my paycheck. I wouldn't say my success is amazing but it's been decent, others have been rather successful with it. Our path lab really is pretty damn good and there are services we offer that others don't.

There are some inaccuracies of what you said regarding the devices however. Yes, they are made in China. The forceps are not our design and we aquired it. The handle of the needle is not ours, but the cath and distal end were designed in house. Snare is our design also. Almost everyone agrees that having the product made in China is and was a bad idea but that was a top level decision.

Am I uncertain about the future of EC? Yes, hell yes. Anyone that is either truly believing we're going to be just fine is a fool and anyone that thinks we will just close up shop is a fool also.

With this long winded post, if you are really struggling and are failing with our infection control side of the business then you need to leave and go find a company where you can just renew contracts and PO's or go to pharma (directed towards the original poster not you.)

Also, I'm assuming the person that posted how hard it is to sell SUP is the new girl from Texas who told me at NSM "I can't believe how hard it is to sell sup here, it's insane." I nearly rolled on the floor with laughter.

It's extremely depressing. Finance guy above has a pretty good point. We've been losing a ton of money with no turnaround in sight. We have a couple more quarters to go in cash. Then what?

And to EC in New York. What a case in narcissism. I've never seen someone so self-important and so universally loathed. Come to think of it, you fit the brand bro. I see your anger, man. You'll end up taking a harder fall than even MG in a few months, so I totally get it.
 






As I am writing this the company has lost another $15M in value just today when the rest of the market is rallying. Market cap now @ $94M - right at forecast for '16 full year topline revenues...

MG needs to make the pitch of his life tonight on Shark Tank.
 






As I am writing this the company has lost another $15M in value just today when the rest of the market is rallying. Market cap now @ $94M - right at forecast for '16 full year topline revenues...

MG needs to make the pitch of his life tonight on Shark Tank.

Jesus Christ dude, we get it. The stock continues to drop. I'm sure the majority of us check it daily on our phones. Your play by play update is growing old even to people not happy within the organization.
 






As a rep who left, unfortunately, we all saw this coming. When we launched Fuse a couple of years ago, the system had issues but we were pressured to demo and over time, we burned a lot of bridges by doing demos with a clinically unacceptable system. No surprise there. I think we all believe in the 330 degree view but when you can't transfer quality images to an ERW, your printed images are poor, your scope breaks down during demos, or your Fuse customers are pissed when they need to constantly send in scopes for repair, those factors outweigh a 300 degree view.

And we saw the reps who were fired because they brought up these concerns and refused to demo until the system was fixed.

Back when Fuse was launched at our NSM, EC called out the entire sales force and told us that we better sell the sytem for $300K a room or else he would be furious. Is he selling it for $300K or is he going for the cheapest price point nowadays?