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Done boiled dry.
I don't have an opinion on whether or not a code will be approved for this test . My opinion is that even if approved it's unlikely that major health insurers will cover its cost ....current $350-$450 per test .
Your risk assessment begins the first time you fill out a form for insurance coverage or for an actual office visit .
1) If either a parent or sibling is deceased ...what was their age and cause of death ...ie family history ( your DNA test )
2) At your first physical the heath provider will want a lipid panel ( blood test ) to get a reading of LDL cholesterol, TG's , liver enzymes etc etc , blood pressure measurement etc
3) Your age , any history of diabetes , smoking , obesity etc etc
These risk factors , according to your age, have been extensively researched and are highly correlated with risk of a cardiac event .
For example . If your father died of a heart attack in his 50's and you are now late 50's with high LDL cholesterol reading over 200 mg/dl.....you have something like a 90% chance of a heart attack by your mid 60's especially if you smoke and are over weight.
Health providers don't have a problem detecting risk of cardiac events . They have a problem with patients not coming in early enough to identify those risks ...or taking the meds such Statins to lower their risk ...once their risk is identified.
So bottom line ....I doubt insurers will be willing to pay for this test .
Some debentures were converted to stock recently . Debentures are a form of loan which can be converted to stock when the issuer decides . This allows the issuer to cash out ( by selling the stock ) when he chooses as opposed to waiting for the loan to be paid off .
The right to convert to stock is usually for the length of time the loan exists ...so why convert now unless you wanted to cash out now / soon
Above are just my thoughts .
I may well be wrong so this is not investment advice .
Good luck
No position
Kiwi
What makes you think it's unlikely? I don't know what factors are taken into consideration when deciding what should be covered by insurance codes. However, we know that Vizient, the American Medical Association, and the Journal of the American Heart Association all seem to be taking Cardio Diagnostics pretty seriously at this point.
Insurance code approval would send this to the moon. But as you state the approval may not go through. Still, I'm thinking at a minimum they are a prime buyout candidate.
As far as their earnings go, they should already be making money as of November 1st due to the Vizient contract. They may need to dilute but I don't think it'll be very much, maybe $10 million? Whatever dilution takes place would quickly get absorbed given all they have going for them right now. I'm not worried
No doubt that he believes in the science .
Here's his latest paper https://www.futuremedicine.com/doi/10.2217/epi-2023-0233
Is he or the CDIO team going persuade health providers such as Kaiser to pay for this test ...assuming FDA approval ...very unlikely IMHO .
Meanwhile ...read their latest 10Q ..they need cash , and fast
Good luck
Kiwi
He's the Chief Medical Officer of the company. He'd be saying that whether he owned shares or not. Btw his position isn't even that big.
there are too many catalysts.
and for those with limited brain sells, this is not a scam.
scam are the posters who are crying that it is a scam while not owning a single share of this stock.
this will not only get back over .01 next week, it is going to make a run at .02 break.
If it sounds too good to be true, it probably is
Thinking they're looking to drag it back down to the $1.00 level?
Looks like shorts were able to pile on pretty quick and take it down. Not as strong as it seemed. Just another pumpa and dump
At what price?
Well if I owned as many shares as he does ...at the price he paid or was granted ..I'd be pumping this as well
https://www.sec.gov/Archives/edgar/data/1870144/000148618923000025/xslF345X05/primary_doc.xml
So if he ever sells some ...to you know " diversify "...suggest you do also
No position
Kiwi
"Because the PrecisionCHD test requires only a simple blood draw, patients in underserved areas will now have access to state-of-the-art cardiac assessments.
PrecisionCHD's ability to be administered in primary care or telemedicine settings significantly reduces the need for patients from rural communities to travel to distant specialized clinics. This accessibility marks a step towards mitigating healthcare disparities, especially in rural areas with limited resources and infrastructure."
"this is a game changer for Personalized Cardiovascular Care" and noted that "unlike other methods of CHD testing, there is no exposure of patients to ionizing radiation or potentially kidney damaging contrast dye."..........Dr. Philibert added, "What's truly revolutionary about this approach is its ability to provide a more comprehensive, personalized snapshot of a patient's CHD drivers, allowing for early intervention and tailored treatment plans. This is personal for me; seeing patients who previously had limited options for early diagnosis now have access to this state-of-the-art technology is a milestone in cardiac care."
its a lot easier to fail than succeed so the odds are stacked ..we shall see
Well good luck . I don't think it's a significant leap forward for reasons I mentioned before and because of the cost of their test I doubt it will be used much even if the FDA gives the go ahead. Reasons behind the debenture ( loan ) being concerted to shares ??? To participate on the upside if things turn out like you expect ...or to bail out quickly if they don't .
But you've been right so far . This has run a lot higher than I expected .
My friend poster North on this board ...is up about 10x since his first buy I think
Kiwi
all of that could be or is true but i am only concerned about the mkt the total public bet.. notwithstanding the revenue stream not there yet i think it will be ..that this will be a low overhead cash monster as well as a "significant leap forward" in preventive cardio care
The reason you are seeing the volume IMHO is that the convertible debentures have been converted into stock.
Convertible debenture is essentially a loan against a companies asserts that pay interest with the option of converting that loan to shares .
So whoever provided that loan has now said ...we'll take stock in your Co instead of asking you to pay back the loan
This is a very simply explanation and someone more knowledgeable could explain better or correct .
I'm not sure if this provides cash to the Co in anyway ...cash they definitely need.
There is a lot of hype here IMHO but good luck anyway
No position
Kiwi
i have to trust myself ... i think what they own is worth billions. wheres the revenue.... today.... ..tomorrow?!!!.. a nearly billion shares traded over th last couple of weeks...and still it moves on a whisper
So looking at their last 10Q ....they report cash on hand at around $3.6m and qtly loss of $1.9m .....soooo assuming the loss rate stays roughly the same they will be out of cash by end of Q1 2024.
Amazing hype cycle going on here .
Good luck
No position
Kiwi
there are going to be competitors but first come first serve and the vizient and now India .....ithe JAHA art. etc.. if this becomes theeeee platform. with a potential mkt of the whole world.!!!!! i will hang around a while to see if it works out that way.
no dillution here either....they wont dillute till double digits...this is mongacious..it really is just an opinion
you are in the cat bird seat. im tellin you headin for a billion dollar cap.. you can cash out and hold that core position for years....i may sell 500 at 10 bucks and hold the rest for triple digits..hahahahah ...talkin a little pooh but its not often i get a chance to..gl
What a Monster- I semi blindly invested over 32k into this -at around $1 …I’m up HUGE
no short covering yet.. and the long term view gets better and better
Buy CDIO shares for stocking stuffers this Christmas. And some months from now you'll be able to buy the entire candy store.
still moves at a whisper.. any dilution will be well north of here or we would have seen it already. and would just be equity added anyway.. MKT CAP... i say at least one billion added shares... added equity.. adelante
was able to add 100 shares in the 1.8 range. im so stoked about this one. if it flops ill be freaking bummed out big time.. but i think its going to be mongacious
After a brief search to determine whether insurance providers will cover home test kits I will have to concur with your opinion that the likelihood of insurance coverage for this home test kit for potential cardiac problems is close to zero
The company will have to come up with a strategy to market its home tests in order to convince people over 35 the $450 is money well spent
Right. It's not covered by insurance and probably never will be ...at least not a $449 per kit.
Family history ( heart attacks / strokes in older immediate family ) will tell you if you are predisposed ...ie like a DNA test . Lipid panel will give you your LDL cholesterol levels ...another indicator of risk . Life style ( do you smoke , are you a couch potato living on double cheeseburgers etc ) are also indicators of risk ...as well as high blood pressure / diabetes . chronic kidney disease , metabolic syndrome etc etc ..that a health provider like Kaiser is monitoring , often through yearly physicals .
I expect the Co to raise funds before end of year . .
No position
Kiwi
Their web site tells you the cost
Question: ...insurance cover this?(hsc* heart test kit)?
Answer{/b] Currently, this test is not covered by insurance. We are actively working to make this a possibility
$449 (hsc* heart test kit)
Free shipping
Shipping to and from the laboratory is included.
visa mastercard discover amex
Source: https://elicity.health/our-tests/details/heart-disease-risk
Still no price
The kits are ordered online
Try again
Why don’t you go through the trouble of actually ordering a kit
This appears to be the price per kit
Doesn’t post a price per kit
Try again
billion dollar cap on the way. i said so....for what its worth.. glta
You have no idea what the company charges for its at home test kits
Couple dozen MORE contracts and this puppy heading HIGHER ... MUCH higher.
Yep, and I feel fortunate for once. Took small position yesterday but got out this morning after the sp looked like it was losing momentum. Maybe down the road HSCS will be worth looking at. If insurance doesn’t cover this it will be a tough go.
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