Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
There is nothing wrong with being skeptical. A lot has happened. A working device needs to be seen. The ball is in Paul's court. Personally, seeing a working device is not going to help me much. I would like to see about 10,000 working devices. Then we will be cooking with gas. But I can understand your concerns considering this has all been blind faith that the device actually works as they described. I actually have less doubts now, after all that Paul has done to get his hands on it. It helped me understand that this is not some fly by night deal.
I could be wrong but there was already a working video done on the Bio Harp. It was in the court documents. Seems like Paul was trying to get it from the company in Korea (Genoco). He has his attorney demand that Sam turn all this stuff over back then. Needless to say Sam was less than cooperative.
Yes, time will tell. My timeline for XMDC is not what some want to hear because they will not be rich next week. But here goes:
less than 1 month - New Website
less than 2 months- manufacturing begins
less than 4 months - uplisting is complete, sales begin (animals and horticulture), FDA trials begin
less than 1 year - FDA approval; sales to doctors, clinics, hospitals, and tons of others
less than 2 years - XMDC turns HUGE revenues and profits and uplists to Nasdaq. They become a MAJOR player in the medical diagnostic device field.
The sky if truely the limit within a few years. And I can wait. Today, next weel, or even next month does not matter when you look at the big picture. Xtend Medical is moving forward and for the first time in 9 months "time is on our side".
That is the my opinion of the timelines for XMDC.
They will uplist to OTCBB or OTCQX. Probably the first of next year. It is my understanding that they have to finish the audit. They had to secure the Bio Harp assets for the proper valuation. Should be blue skies ahead. GO XMDC. Take us out of pink land. LOL
I agree with you. Paul has told us that he will uplist. He has mentioned it several times in his prs and he has a lawyer in place to do it. When they uplist, they will have to report everything on a regular basis. This will make Xtend Medical a fully reporting company and provide the transparency that investors like to see. I understand everyones frustration becuase we simply do not know all the details. Thsi should change soon. One more thing to keep in mind is that we never knew the details of the original APA last year. We had to take Pauls word back then that it was completed. After Lee messed everything up, we were able to see the original APA in the court documents. Paul had done everything by the book and his victory in mediation proves it. So, I must give him the benefit of the doubt that he has taken the proper steps to launch the Bio Harp. If history repeats itself, Paul will be doing this by the book. Sometimes faster is not always better.
And Paul will execute his business plan. He just got the Bio Harp and be is busy working. When we get FDA approval for this devcice, everything will change. Lets give Paul a chance now that he has what he needs.
That is correct. We knew that it would take Paul some time to get everything rolling with the Bio Harp. Paul has had 9 months to plan the chain of events that will unfold in the next few months. Each of the events will add value for the shareholders and boost the Bio Harp into the market place. He increased the available shares for a reason and Paul knows exactly what he is doing. I feel confident that he will protect us. So, I am glad he increased the A/S. It tells me that he is working on things and taking the steps to launch the Bio Harp.
Yes. The approval process can be faster based on history from other countries approval. Personally, I only care about FDA appoval myself. Notice on 08/25/2010 they said "Our goal is to make sales initially in the veterinary sector while preparing to submit the BioHarp to the FDA for clearance to market to the healthcare sector." My opinion is that they are intersted in FDA approval and they may do KFDA at a later time. It would simply be easier for Paul to do it here first. Approval and sales close to home. Once things are rolling, I am sure he will go global. Plus, the pr kind of hints that he is strating here first. So what happened to KFDA and the Korean exchange??? My answer is that Paul has had it with Korea for the time being. I know it would be about the last place that I would want to do business. Plus, this way the Bio Harp will be a product made and sold in the USA. That is fine by me.
Actually, it was probably a lot more than that. And the fact that they have not had any revenue. Can you imagine how much money they could have already made if Lee had not caused this horrible delay. Paul has had to pay all the bills with no revenue. He could have been selling shares the entire time. But he has not and will not take advantage of the shareholders.
That is correct. In fact, when Paul had the 504 offering last year (selling shares to raise money), he only sold enough shares to get the maney for manufacturiis the units. He did not put millions in the bank or take advantage of it. He could have done anything back then but he only took what he needed. The court documents told it all. Paul is clean. Could he change his mind now and go to vegas with our money??? Yes he can and we would all be mad. But that is not going to happen. He is just trying to get the Bio Harp to market. Then we can all go to vegas.
The Bio harp detects cancer. A man the I know was just diagnosed with prostate cancer. On a scale from 1 to 10, his doctor said it was a 9.9 and surgery was not an option. The dude has no time left. The Bio Harp could have detected this some time ago in the early stages of his cancer. This device is going to sell faster than any other medical device to hit the market in a long time when Paul gets FDA approval. If paul needed to raise the A/S, so be it. Lets focus on what its all about - The Bio Harp. I will make a deal with everyone that questions the new share sructure. If Paul sells all the shares for cash to buy a new boat, I will personally turn into a basher. But that is not happening. He is just trying to get the units to market and he will be conservative and protect the shareholders.
I just love reading how this thing detects cancer.
When biological electro-magnetic signals from a subject or a living body is measured by the diagnostic device including the material for the detection of biological electro-magnetic signals of the invention, "green" or "yellow" indicators are shown uniformly as shown in FIGS. 10 and 11 in the case that the health condition of subjective mouse is very normal or normal. However, in the case of inflammation, a "red" indicator is shown uniformly as shown in FIG. 12. In the case of cancer, "red" and "yellow" indicators are shown irregularly as shown in FIG. 13.
There are more shares availabled but we do not know that they are outstanding. Paul has had a large amount of asvailable shares in the past and he did not use them until he purchased the Bio Harp. We will be fine.
Seems like the court docs also said that the Bio Harp found another problem on Paul that he was NOT aware of when he was scanned in his office. Paul knows first hand that the device works. And here is something else that I thought about. Lets says vets start using the device on animals and they have a slow day at work. Why not scan themselves??? Sure the FDA has not approved this usage yet. So what???? People are going to use this device to better their health the day they recieve it. Its just human nature to better ourselves. Word will spread fast.
The restricted shares were issued to buy the Bio Harp. I thought it was a good deal when you consider the revenue potential. Technically it is dillution but in my opinion it is not as bad as selling 500,000,000,000 shares for cash like my other pink sheets stocks did. LOL.
Before the apa they were not resticted my friend.
That is a great idea becuase there is no way in hell it is dillution until they are outstanding shares. Not going to be the case. The shares will not see the market.
The a/s was 1 billion for xmdc for over 2 yeras. During that time there was just under 300,000,000 outstanding shares on the market. They never touched the rest of the shares until the Bio Harp deal came along. 2/3 of the stock was simply kept in the treasury for years. Paul was not interested in dillution and I doubt he is now.
I take that back. He did do a 504 offering last year and they did raise some capital. But that was a very concervative amount. Just imagine what other ceos would have done in his shoes. They would have dumped 10 times the amount - easy. Paul sold enough shares with the 504 to get things rolling last year. I do not consider that a big deal. But you are correct it was dillution. I am just saying he has been conservative.
You can not deny the fact that the pps is holding. So, it is safe to say that investors understand that Paul is taking care of things. It could simply be a strategic move to keep Sam from having aby kind of contol of the company with his restricted shares. I know that we do not know the results from mediation but it is safe to say he did get shares in exchange for giving us the Bio Harp. I would not be too quick to judge Paul Lisenby. He has earned some respect due to the fact that Xtend Medical is now the legal owner of the Bio Harp. In fact, before the APA was signed, they had a high number of A/S but they did NOT dilute. The float stayed much lower for years before the Bio Haro even came into play. Paul has never dilluted Xtend Medical and I find it hard to beleive that he has came this far to start now.
Forward is a nice direction to travel. XMDC is in gear.
I agree. Paul has played it by the book and I am going to give him the time he needs to get the Bio Harp to market.
Lets break .02c and take this baby up where it should be.
I say .05 - .08 is where it should be. It is a great time to load up cheap shares. The pps will be back up soon. We are just getting started.
Last year was great and the good news is that we are actually in better shape now that we officially own the Bio Harp. So, in my opinion the low side pps estimate for now is .05c -.10c. Based on last years chart. I guess it will take a little time for Paul to restore some investor confidence in XMDC. But I am sure it will happen soon.
We should follow last years chart as we wait execution. .08c pps range.
Looking for GREEN today.
It would take a lot of money to quit working. Insurance and things do get expensive. My plans are simple. When I take my profits on XMDC, get the money out of the stock market and buy bonds. The stock market is way too dangerous for my blood. XMDC is my last play. I have lost too much money on other stocks that were suppose to be "so wonderfull". The Bio Harp just has too much potential and I want all the shares I can get. I did my own DD on it and decided for myself that it was the best play. Listening to others has cost me way too much money on other stocks. LOL
Nothing wrong with taking a little profit on the way. I am most concerned about holding out for the major developments that are coming. Hopefully, sometime Paul will get us a new website online and we can see more about the Bio Harp. I know investors are ready to see it in color.
I think XMDC will transform into a very solid stock. I will add more shares myself when I can. Now that they own they Bio Harp, we should be safe. It is only the beginning and I am looking for the pps to break .10c as soon as we get a solid pr about manufacturing and contracts. Anthing under .05c pps is a buy in my opinion. It could be easy fast money in short time or potentially huge profits later down the road.
We can always add cheap shares before the pps goes up. We could have a little time before Paul gets things rolling. We have such a long list of catalyst that will drive the pps hard. XMDC will continue to reach new highs as Paul gets each step completed. Its going to be a lot of fun for us all. Buckle up and get ready for the ride of your life. XMDC will be kicking it in gear very soon.
It sounds to me like all we need is about 100,000 Bio Harps shipped out Fed-Ex next year and the fun will start. I am glad that Paul has markets for immediate sales as we wait for him to gear up the FDA clinical trials. One day we will sit back and think "if I had only purchased a few more shares". Actually, I am already saying that. LOL I remember when the stock was much cheaper than it is today. And to think about how it will be this time next year.
" In addition, XTend continues to receive interest from numerous global distributors looking to bring the BioHarp into various countries for implementation into their healthcare programs"
Could there be a few counties that do not require approval just to use a non-invasive diagnostic devise???? Just a thought. Is so, they could start selling it and using it on humans in those areas. The global distributors that have been in touch with Xtend Medical would know the answer to that question. There are some poor countries that are desperate for any kind of help in the medical field. As Paul talked about this in a pr last year, the Bio Harp is portable and can reach the small villages in remote locations.
Paul would never go for that kind of situation. To start with the deal in mediation was a two way street. Paul would have said "no" to Sam being a majority shareholder and just requested a trial. There is no way he invested so much money and time to let Sam have a controlling interest in the company.
It is possible that Paul did not get the best deal that he wanted. But he know owns a device that is going to make him a fortune. He has the oppotunity to build a monster company with the Bio Harp. You have to trust that the Ceo will do what is best. The mediation was a major victory for Paul. I am 99% sure that he did not have to give Sam any more shares than the was in the original APA. The Bio Harp has so much revenue potential that most of simply do not care what Sam got. We look at the big picture and move forward.
Absolutely. The patents alone had added a lot of value to XMDC. When production starts, things will get much better for the stock. All one has to do is look at other stocks that have run on FDA speculation. Huge runs but when they get FDA approval - they explode to much higher levels. We hit .10c last year before we even owned the device. I can only imagine what will happen in the next year.
I have had the same thoughts. XMDC will have more serious investors in the future. Not saying that our longs are not faithfull to this stock. But we are in penny land and we have not launched the Bio Harp yet. A lot of the pennyland players are just after a fast profit. When this thing hits the market, we will see the big boys move in. Just think what is going to happen when the deep pocket doctors call their high dollar brokers. XMDC stock is going to change in a big way. The Bio Harp will make it happen.
There is a list of a dozen or more things that should happen in the next six months.
New Website
Uplisting
Manufacturing
Sales to Vets
Sales to horticulture
Testimony of Use
KFDA
FDA
Sales to doctors, hospitals, clinics, cancer research
Contracts with a number of differnt groups (insurance companies)
Global distribution of the Bio Harp
Plus many other things will follow. The news today that Xtend Medical owns the patents to the Harp has opened many doors and Paul will take advantage of all the markets. He now owns a groundbreaking medical diagnostic device. So. Yes many good things will come.
We have been waiting this long. LOL. I can give it another year. I would not consider selling a single share before FDA approval. Why not make the bigger profit?
Yes. I am sure that he is working on manufacturing as we speak. I noticed that some are not happy that Paul did not "pump" the stock in his pr. Paul does not play those kinds of silly games. I am 100% sure that Paul wants to build a solid company with the Bio Harp. It looks like he is keeping us informed and I am happy about that.
That is correct. We officially own the Bio Harp. Owning the patents is HUGE news. This news does not help the pps today but it will make all the differnence in the world six months from now. XMDC will not be a get rich quick stock. It is a long term play that will make a fortune for the ones that hold.