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XMDC has a fantastic website, that must count for something.
JB77
The only think that will get this stock moving is sales... Until we have sales this stock price will be low. They have all these great things in the pipe, but until organizations want to purchase this product it has a very low value, and the stock price reflects this. This is low priced stock with lots of potential. The question can Paul get the potential to sales and significant revenue/profit?
JB77
We will get to see the true internals of the company when the financials are published for the fourth qtr. So we should have a good understanding around middle of Feb 2011. Maybe we can figure out why the shares got increased to 1.8 Billion, and who has the majority of the shares.
JB77
I have been positive about the bioharp product and technology, however whenever a transfer agent is gagged, and the AS is increasing it is a bad sign. We know that Paul increased the AS, from the records in Delaware. I wonder how many shares are dumped into the float and diluting all of our positions.
We have also seen poor disclosure of the agreement from the mediation, and since then a few fluff press releases....
Let us hope I am wrong, but I think these are all bad signs for this stock and us as investors, who believed in Paul.
JB77
So what do you think is happening next week?
When Paul can afford real management and
leaders this company will move forward.
His inexperience is continuing to hurt the
path forward of this company.
JB77
I hope we do not end up with a two month wait and
a lawsuit for 9 months like the last time we got the assets..
I just do not trust Sam
JB77
As they all say, the devil is in the details...
We do not know the details of the mediation.
JB77
Well I have to admit, I thought Sam was thick headed and never would settle. I expected this to go to trail and not be settled until 2011. Let us hope that XMDC got some of his shares returned to the treasury. I also hope that Paul has been working to get everything aligned to move quickly into the future.
JB77
So, Who thinks this was resolved today?
I think it is going to trial...
JB77
Well this is a pink sheet company...
You should only invest what you can lose.
Of course maybe in the future a major medical diagnostic company(GE, Phillips,Siemans,etc) is going to purchase them for $2.61.
I am holding my shares until we find out the final outcome.
JB77
It was good to see action today.
Let us hope it continues.
JB77
Navy
You are correct as usual, Paul needs to get the "legal" rights to the product and then we will be off to the races..
As an individual who has been involved in courts at the business and personal level, it always takes longer than expected. That is why I have been predicting early next year. I am holding and not selling! I believe the product can change much in our society and I am hoping that XMDC is the company that has the ability to bring the product to market.
JB77
I have read all the case documents and they all have facts and grey areas. The key is that both side want to settle, currently I believe that Paul wants to settle and for some reason Sam wants this to drag out. What would be his motivation to have this take as long as possible?
JB77
Based on Sam's actions so far...
I think he has a very hard view on this agreement...
If not this would have been settled already.
Paul has been trying to settle this since December.
JB77
Sam will not settle,
because he believes he is correct,
so if mediation fails, then a trial date
is set, Discover, briefs, witnesses all take
time to gather and obtain. Then the trial
will occur, this is a long process.
JB77
So is all this volume, related to individuals thinking
this will be solved on the 30th of September?
Sam is not going to settle... This is going to trial...
We will not have this resolved until spring of 2011.
JB77
Navycmdr...
I am glad you continue to be positive and provide info to the board.
I do not think that this will be resolved in just a meeting with the lawyers and a mediator. If this was the case it would already be settled. I believe Sam is thick headed, and believes he is correct, and this will go to trial. If the mediation does not work, then I would expect a trial date early next year. This is bad for shareholders.
I am still positive on the product and the potential, however I also understand that the US courts systems in not always fair and once it is in court a judge can make a decision go either way. So until we have a judgement, we are on the fence as to the outcome.
Hopefully someone will convince Sam of the downside and they will solve this before the end of the month.
JB77
My main concern about this negotiation is that the outcome will be another agreement. It is known that Sam does not follow agreements. He did not follow the original agreement from December. So I do not believe he will follow the new agreed on changes. If XMDC does sign another agreement, we are just delaying being in court in the future. I say let us just go to court, get a judgement against him and then we have something to enforce. Until we have that, Sam can walk away and delay us again. We need to remove the delays, so the product can get to market and the stock can rise, before another company comes up with better technology.
I hope I am wrong, but Tigers do not change their spots....
JB77
He had to know the financials...
were poor he took 541 Million shares valued at 25 Million
that should have told him the status of the company!
For a smart guy, how did he not understand that xmdc
is a pink sheet penny company?
JB77
Based on this information...
I would guess we are in for a long legal battle, while the stock drops back down to .0002. Either way this will cost Paul all of his cash and time to defend his position. As shareholders we will get the short end of the stick. Someone in the future may make money off of this, but in will not be us anytime in the near future. I would guess this will be years to resolve.
JB77
Well...
Next week is almost here, I am waiting for the response from Sam, and then we will understand both sides of the story.
JB77
It sure look like the
excitement is building here.
I want to see Sam's response to the suite, and then we will get the true picture of what is going on.
JB77
I am curious....
about what Sam's side of the story is.
What is the basis for him not handing over the data and moving forward? It seems from the agreement he did well. I guess we will find out before the end of the month. Until we hear his side we do not have both sides of the story.
JB77
I agree....
I am curious to hear Sam's point of view on this issue. In the response to the suit he has to list his counter points to each and avery assumption that is stated.
When he responds will will see both sides of the story.
What was missing from this agreement? Has Paul and company held up their side of the agreement? I can not wait to see his response.
This will provide some clarity(Maybe).
JB77
Close to the end of day...
Will we close above .01?
JB77
Good volume,but price is dropping..
as expected without news.
JB77
It is good to see people watching this.
We all know how long the law takes, to be successful Paul needs to get this resolved without the courts.
JB77
The last news was significant also.
We all know what happened to the stock price after that.
JB77
OK....
The weekend is over, let us see what this week brings to stock holders. Paul needs to get this back on track.
JB77
I am with you on the path..
FDA is not in the mix yet.
What could be good news?
JB77
Let us hope they have a solid
path forward and get us out his struggle with Sam.
We all know this stock and device has potential, but we have to get it built and sold.
JB77
I hope even with this slight disruption,
Paul and his team have been working on the
uplist to the OTCBB and other items.
JB77
Good to see the board swinging positive again.
Let us hope the disconnect between Paul
and Sam is resolved and the the company/product can
move forward on the path.
JB77
The big difficulty with
this whole situation is time....
The legal path is time consuming.
They should have put an arbitration clause in
the contract.
With the current motion, filed by Sam, we still do not understand his side of the story. I am very curious to hear that.
JB77
I am still
holding, it has been a long time.
JB77
It will be years before this is viable...
Courts take forever.
JB77
Remember some of that 600Million
is from the dividend of June 2008...
I bet this will come off restriction with
the symbol change.
JB77
That seems correct...
I received shares in 98417H996 Xtend Medical Corporation Contra Cusip, representing 10% of the shares I owned at the time.
JB77
I do not remember the specifics, maybe one of the other long time holders can remember. I just know I received it June of 2008. It is still restricted. I hope when we change symbols and go to the OTCBB it will become unrestricted.
JB77
Some are owned by the older shared holders..
They did a distribution in June of 2008
JB77