Why do people stop losing after 2/3 of their weight goes?

In everything i have read, it says that most people do not loose more than about 2/3 of their excess weight, especially if they started at over 300. If you are still eating small amounts, your stomach is still small, and your intestines are still partially bypassed, why wouldn't you continue to loose weight after that point? I weight 376 and if I lost 70% of my excess I would still weigh over 200 lbs, which sounds disappointing...

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