Newcardio, Inc. (NWCI)

[H8ster]

Its actually a statement from an 8K.

"Over the past several months, the Company has significantly reduced its spending, in part by reducing its work force or acquiring services on a consulting basis in lieu of full time employment.

Simply put. We have no employees on payroll. If somebody calls us, we will go from there.

"Following these reductions, the Company believes it is positioned to continue serving QTinno clients"

Translation. "If you seek us out, we still have the ability to get you QTinno. But we won't seek you out."

and supporting the in-process prosecution of its patent portfolio as it explores strategic financing options. In connection with those financing efforts, the Company is working closely with its secured creditors, who funded the Company in 2007 as it was going public."

Translation: "The only way we will get strategic funding or anything else is by securing our IP, which will increase our asset value, giving protection to those that may want to partner up with us." (Keep in mind, their creditors are members of the BOD. They will let the debt ride, since they have no other options.)

If you see something different, feel free to share. Its all good.