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I know this CEO and I been with this company for a long time, since it was private, and I did my own research and read what she has done...........and I think you overlooked what I think is the bigger release...........she gives it away at the end of the release - she is working on a major retail sales plan with a specific nationwide pharmacy, so while the grant program is good, I think the bigger news is the retail program. She just indicated that she has 2 concurrent sales initiatives going, and knowing her, I am sure she has several others as well. She is just very tight lipped and I am fine with that.
I guess time will tell will this one. I'm confident with my investment, as I am sure most other actual shareholders are.
No axe to grind at all. I know RXSF's CEO and I have been in technology for years. And no one has said IWAL cannot produce the iWallet, because it seems their IP is fairly broad. Just can't include the battery operated biometric feature without permission from RXSF because it infringes on its IP. And yes, there are several other companies that were infringing but probably did deals with RXSF to use the technology. I would go with a CEO who has been in biometrics for 20 years than.....a CEO who sold sunglasses. Just saying.
1000 safes is a good size order. I thought you were looking for 10,000. Yes, I would be happy to see that as well.
Welcome to the club. I understand that there are several medical professionals now in this stock,(friends of mine) and as word gets around, I am sure the national medical community will get behind this company and its product.
I don't think you know this space as well as you think. I am sure there won't be any large orders, like Playstation or XBOX, even though both of those products were sold at retail losses for 3 years in a row when they first came out. If you are waiting for a large order, you need to move on to another stock. This product is a niche item. Many of my friends who own pain clinics bought a handful and have reordered. Big orders do not translate into consumer acceptance. It just means the company has a big order. As the medical community starts to embrace the technology, it is more important to see where these safes are going, than the sheer number of sales. Its going to be a long path but as a medical professional, the technology, and the submarkets it serves are very much in need to prevent drug diversion, drug access control and drug abuse.
I suggest if this is a potential stock play for you, to please leave and never return. The CEO is building a foundation at several different levels and I am confident as she builds the business, it will be reflected in the stock price. The only thing announcing a big order can do is a huge pump and dump, and if you ever spoke with her, you will quickly learn she will avoid that at all costs. Like I said early on, slow and steady wins this race.
You are acting as if this company has 1 billion shares outstanding.
Yea, and the power consumption, battery operated unit utilizing a swipe or area sensor completely violates RXSAFES IP, and according to my discussion with its CEO, she has already warned IWAL and IWAL ignored her. Guess your CEO felt that any attention to the defect in the Patent would create big problems since the shareholders all registered their stock under the prospectus. Like I said, you cannot overlook someone else's technology in an broad scope utility patent - IWAL still needs permission from RXSAFES because one of their main features is a direct violation of RXSAFES IP claims.
I am somewhat disappointed in the stock performance but I am not looking for reasons why. Yes, I bought when it was private. Its a new issue and a new businesses in a new market. Any of those facts individually are hard to overcome, but all three at the same time are harder. I have spoken to the CEO more than once and she seems more than capable with the right experience, but told me that I will have to wait like everyone else for news regarding updates. I appreciate that she is doing it by the book. I just wish it started out stronger. I will be most interested in the next round of news. I am hoping that will be very telling.
I am a doctor in Wisconsin and my name is not Mark. I have held shares in this company for over 2 years. But the company seems to know who you are.
Just as I thought ................
Not a stock holder or IR firm employee or owner?, So whats your interest?. Are you paid by them to do this then? In another post, you said to check your posting history. Well I did. And based on that, I did some more research. Your very first post under this moniker was on 1/23/2015 to a board TRTB (True2Beauty), a company that hasn't filed any financials in years, yet you seem very positive about it. You also have numerous posts to NPHC (NutraPharma), again hyping their accomplishments. After making some calls, and doing more research, its just so happens that the IR firm RXSF is suing, ALSO represents these companies. I don't believe in coincidences. The name of this IR firm is Wall Street Buy Sell Hold which upon further inspection, is in a lawsuit with a company called OXYS, another small cap company. I couldn't reach anyone from OXYS to ask them about the lawsuit, but I did call RXSF CEO, and when she called me back she said she has no issues with the lawsuit. So its obvious that you have some connection, either directly or indirectly to that IR firm, so anything you post is nothing but mere fabrication to pressure the company IMO.
Well if I were a betting man, I would say that you must be from that IR firm, because without knowing more other than the company saying it is suing for fraud in their filings, how would you know the validity of any suit? So now all of your planned negativity and innuendo makes sense. Ignore this poster.
I had an interesting discussion with another shareholder of this company. I didn't realize that RXSF is suing their former IR firm (confirmed this in their last filing), guess campaigns can run in both directions, especially if someone has an axe to grind. Seems a logical reason why the price "Tanked" so far in such a short time. Maybe "Frankthetanker" knows something. Think I will look into him and see what other boards he has posted on, and what those companies may have in common.
Looks like the rogue selling has slowed down, maybe out of stock now, or the shorts are getting nervous at this level.
Its only "all encompassing" provided it doesn't infringe on another patent, and it does. They DO NOT have claims covering the "biometric" aspect, only a combination of its uses with other technologies, and thats where they will have some issues because the other biometric companies are VERY aggressive. I know, because I am in BOTH of them.
I checked the USTPO and it seems that IWAL only has a patent pending application (in the USA) and no patent on the iWallet or its technology including the biometric aspect. And this is not a novel idea, biometrics has been put into garage door openers, front door lock, mailboxes, phones, thermostats, padlocks and a whole slew of other products by other companies. This is just an obvious use and I doubt its patentable which means no real protection from knock off companies. Biometric technology is a huge jump from Sunglasses. If they are going to "partner" with companies that actually own technology, they should do so before they make public their plans. Thats all.
How can they?
Taken from 10K filing - IWAL has plans to develop a biometric padlock (Patent owned by bioMETRX) and biometric portable prescription medical case (IP owned by RX Safes). I believe this CEO is delusional and is blowing smoke or just has poor due diligence. I am sure one or both of those companies will respond if they try.
Good questions. I did see a release that disclosed that they sold and delivered 500 safes to the State of Oklahoma Bureau of Narcotics last month. I know government contracts are very hard to get, so I am assuming that Oklahoma completely checked them out before ordering safes. I also listened to a radio interview where the Director in charge of that Division said he wanted one of those safes in every home of an elderly person in Oklahoma. Hopefully thats just the beginning, so I can see that they still manufacture them. Seems like your posts are shrouded in a lot of unwarranted speculation instead of earnest concern because a simple visit to their website confirms this.
Why the change of heart?
Yes, I saw the numbers, which makes me hesitant, but I had invested in companies with millions in debt and negative shareholder equity and some of those companies performed well. I think the numbers scratch the surface on this one. The market alone seems to be wide open for them, with relatively little to no competition. Lay on its IP (which looks like several companies, a few of them public as well may infringing on), and its use of that technology in the healthcare market could be where the real value is. I'ld like to see how they get their legs under them and if they will walk or run. I like walking. Looks like the lady running the show has done deals with similar technology with Fortune Brands (Master Lock), Overhead Door Company and Home Depot, so I have "some" faith. Would like to see this in 3 months. I'll be back to see if it has grown.
Stock seems volatile but I think thats just a lack of awareness. Who would't want to support a company that has technology to battle drug abuse.
Whats up with this stock? Looks like a great idea, and definitely needed product. Level II shows offers far and away, so why so low?