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It appears that the sellers have left the building!!
Congrats to all of us that picked up some of those sub pennies while they lasted.
Accredited Investors
The term “accredited investor” refers to any investor who comes within any of the following categories or who we reasonably believe comes within any of the following categories, at the time of the issuance of the Units to such investor:
1. Any bank as defined in Section 3(a)(2) of the Securities Act, or any savings and loan association or other institution as defined in Section 3(a)(5)(A) of the Securities Act whether acting in its individual or fiduciary capacity; any broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934; any insurance company as defined in Section 2(13) of the Securities Act; any investment company registered under the Investment Company Act of 1940 or a business development company as defined in Section 2(a)(48) of the Investment Company Act of 1940; any Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958; any plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions for the benefit of its employees, if such plan has total assets in excess of $5,000,000; any employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”), if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of ERISA, which is either a bank, savings and loan association, insurance company, registered investment advisor, or if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely by persons that are accredited investors;
2. Any private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940;
3. Any organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust, or partnership not formed for the specific purpose of acquiring the Units offered, with total assets in excess of $5,000,000;
4. Any of our directors or executive officers;
5. Any natural person whose individual net worth, or joint net worth with that person’s spouse, at the time of his purchase exceeds $1,000,000;
6. Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;
7. Any trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Units offered, whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) or Regulation D; and
8. Any entity in which all of the equity owners are accredited investors.
As a condition to consummation of an issuance of Units to any shareholder who participates in the Offering, such shareholder must represent in writing the following to us: (a) the shareholder is acquiring the Units for investment and not with a view to resale or distribution; (b) the shareholder can bear the economic risk of losing such shareholder’s entire investment; (c) the shareholder’s overall commitment to investments which are not readily marketable is not disproportionate to such shareholder’s net worth, and such shareholder’s investment in the Units will not cause such overall commitment to become excessive; (d) the shareholder has adequate means of providing for such shareholder’s current needs and personal contingencies and has no need for liquidity in such shareholder’s investment in the Units; and (e) the shareholder has substantial experience in making investment decisions of this type. The suitability standards referred to above represent minimum suitability standards for shareholders and the satisfaction of such standards by a prospective investor does not necessarily mean that the Units are a suitable investment for such shareholder.
Alternatively, here are the links from the website but I think you have to use I-hub posts as sticky notes.
http://neom.com/press-030409.php
http://neom.com/press-022809.php
http://neom.com/press-021809.php
Looks like post #'s
153037
154836
155630
I would like to see the last three press releases posted as sticky notes and updated each time a new press release is posted. JMO
Here's another one for your hobby! I'll bet these execs have bigger boats/houses than MW by along way! You're going to be real busy as you "study likely scam stocks and those who promote them" You're going to have to hire staff to post about all the negatives out there.
General Motors Corp on Thursday said its auditors had raised "substantial doubt" about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash.
Pretty good volume today. Did the PR hit the major wires? I would generally get an alert but did not this morning.
Morning MBD thought I would post a few other reasons folks might want to take a closer look at BIPH.
Huge market potential.
Maxed out SS - AS 250 MM - OS 243MM
Loyal stockholder base.
Cash on hand to fund ops through 2009.
No long term debt.
Eliminated convertible toxic debt.
Milestone patent just awarded after 6 year prosecution at USPTO.
Deep and expanding patent portfolio.
Possible acquisition target.
Recurring revenues.
Market cap at 1% of historical highs.
Insiders buying stock.
Morning MBD, here are a few other reasons to take a closer look at BIPH.
Huge market potential.
Maxed out SS - AS 250 MM - OS 243MM
Loyal stockholder base.
Cash on hand to fund ops through 2009.
No long term debt.
Eliminated convertible toxic debt.
Milestone patent just awarded after 6 year prosecution at USPTO.
Deep and expanding patent portfolio.
Possible acquisition target.
Recurring revenues.
Market cap at 1% of historical highs.
Insiders buying stock.
Here are a few other reasons to take a closer look at this one.
Huge market potential.
Maxed out SS - AS 250 MM - OS 243MM
Loyal stockholder base.
Cash on hand to fund ops through 2009.
No long term debt.
Eliminated convertible toxic debt.
Milestone patent just awarded after 6 year prosecution at USPTO.
Deep and expanding patent portfolio.
Possible acquisition target.
Recurring revenues.
Market cap at 1% of historical highs.
Insiders buying stock.
Here are a few other reasons to have a look at this one!
BIPH - Investment Thesis
Huge market potential.
Maxed out SS - AS 250 MM - OS 243MM
Loyal stockholder base.
Cash on hand to fund ops through 2009.
No long term debt.
Eliminated convertible toxic debt.
Milestone patent just awarded after 6 year prosecution at USPTO.
Deep and expanding patent portfolio.
Possible acquisition target.
Recurring revenues.
Market cap at 1% of historical highs.
Insiders buying stock.
I believe this patent alone is worth many times the current market cap!!
Nice to see!! Thanks for posting.
"greatly increases the value of our technology portfolio"
Nice quote!!
Agreed - real revenue changes everything!
It is very possible that NEOM is working big deals on their own, since they have all the infrastructure in place. Licensing could be the icing on the cake and court orders the sprinkles on top:)
You left off Insider buying :)
How do you guys get those damn smiley faces to work?
I'm tired of trying so I'll just be humble and ask lol.
If we could just get YA to exercise thier option to purchase those warrants now, we could payoff all the debt with the proceeds. Then the share structure would be set and we would all be happy. Except YA that is, don't see the scenario playing out anytime soon.
Most of the data below is from the proxy, I calculated the values in the last column.
Restated to read -- "the NY case is the only case to my knowledge where the infringement of NEOM's recently affirmed patent is in question."
is that better?
Regards,
TOS refresher:
IH Admin [Shelly] To: krays Date:2/28/2009 2:52:28 PM
Your messages need to be about the company - not the people who post here.
Why has there been no response to date to this order in the Southern District of NY? Just speculating here but it could be that settlement negotiations are underway.
The Texas case does not involve NEOM IP.
Time will tell, but the NY case is the only case to my knowledge where the recently affirmed patent is in question.
01/16/2009 45 ORDER: This case was recently reassigned to my docket. The parties are directed to submit, at their convenience, a joint letter briefly summarizing the case's status. (Signed by Judge Richard J. Holwell on 1/15/2009) (jpo) (Entered: 01/16/2009)
FWIW - The voting rights associated with the Series C represent a majority at Par Value, and at a PPS of $.02 they do not.
Vancouver, BC Transit Agency Awards Natural Gas Fuel Station Contract to Clean Energy in Move to Help Curb Harmful Emissions, Protect Environment
As of 12:00 AM ET 3/3/09
TransLink, the South Coast British Columbia Transportation Authority, has awarded Clean Energy Fuels Corp. (Nasdaq:CLNE) a new long-term contract to expand and maintain the compressed natural gas (CNG) fuel station that supports TransLink's current fleet of 60 clean-burning CNG buses.
Located at the agency's Port Coquitlam Transit Centre, in a suburb of Vancouver, British Columbia, Canada, the Clean Energy-operated, high-volume station will be upgraded and reconfigured to accommodate potential fleet growth of up to 125 buses.
Clean Energy has been under contract to provide CNG fueling services to TransLink since 1998, with total CNG bus fleet consumption now topping 1.2 million US gallons annually. TransLink buses provide 700,000 passenger trips daily on 201 fixed routes in Metro Vancouver's 695-square-mile service area.
Alberto Cayuela, TransLink's Project Manager, said, "Our agency is committed to the reduction of emission impacts from the operation of our transit fleet. To meet this goal, TransLink works to surpass applicable emission regulations and standards in the procurement of new fleet vehicles, and seeks continuous improvement in emissions from the existing fleet by retrofitting or replacing existing equipment and using cleaner fuels. Our program ranges from an ongoing commitment to zero-emission electric trolleys and an investment in clean diesel/electric hybrids to our new fleet of CNG-powered coaches."
James Harger, Clean Energy Senior Vice President, said, "In Vancouver and in every community and region we serve, Clean Energy is committed to helping reduce health-harming emissions and protecting environmental quality. The North American transit industry's transition from diesel to natural gas power is accelerating in response to the need to curtail emissions, decrease fuel costs, and reduce dependence on imported oil."
Harger explained that natural gas produces up to 23 percent lower greenhouse gas emissions than diesel fuel in heavy-duty vehicles and is domestically sourced in the U.S. and Canada.
Clean Energy is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, trucking, airport and municipal fleet markets, fueling more than 14,000 vehicles daily at 176 strategic locations across the United States and Canada. Clean Energy owns and operates two LNG production plants, one in Willis, TX and one in Boron, CA, with combined capacity of 260,000 LNG gallons per day and designed to expand to 340,000 LNG gallons per day as demand increases. It also owns and operates a landfill gas facility in Dallas, TX that produces renewable biomethane gas for delivery in the nation's gas pipeline network. Please visit www.cleanenergyfuels.com
Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including statements about the potential growth of the TransLink CNG bus fleet. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors including budget limitations, availability of vehicles and demand for public transit in the Vancouver metropolitan area. The forward-looking statements made herein speak only as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE: Clean Energy Fuels Corp.
For Clean Energy Fuels Corp.
News Media
Bruce Russell, 310-559-4955 x101
brussell@cleanenergyfuels.com
or
Investors
Ina McGuinness, 310-954-1100
News for 'NEOM' - (Dean Wood to Lead NeoMedia Sales Efforts Brings valuable industry experience as the company positions for growth)
ATLANTA, Mar 04, 2009 (BUSINESS WIRE) -- NeoMedia Technologies, Inc. (OTCBB:
NEOM), the global leader in camera-initiated transactions for mobile devices,
today announced that Dean Wood, former Commercial Vice President at ShoZu Ltd,
has joined the company as Vice President of Business Development.
Wood brings a wealth of internet, service provider and mobile sector experience
to NeoMedia, having spent the last 10 years specializing in converged web/mobile
software and services. He will be responsible for driving business development
and sales activities at the company, helping educate the market and drive
interest in 2D barcoding solutions within the mobile operator, handset
manufacturer, and advertising communities across the globe.
"I am thrilled to be joining NeoMedia at such an exciting time for the company
and the mobile barcoding industry in general," said Wood. "Now that the
ambiguity related to our patent situation has been resolved, the industry can
move forward and I am sure we will begin to see 2D barcodes appearing everywhere
on a daily basis. NeoMedia gives brands a fast, accurate and measurable form of
interaction with consumers and I cannot wait to get started to help position the
company as the leader in mobile barcode solutions."
Most recently, Wood was responsible for securing strategic partnership and
licensing deals with social media sites, media companies, mobile operators and
handset manufacturers at ShoZu, the leading mobile social media service. Prior
to this, Wood was Director of Mobile and Devices at Macromedia, where he was
responsible for driving sales and strategic partnerships within the operator,
handset manufacturer and consumer electronics sectors.
Commenting on Woods' appointment, Iain McCready, CEO at NeoMedia Technologies
said: "I have no doubt that Dean's enthusiasm, dedication and in-depth knowledge
of our industry will help NeoMedia develop a rich partner ecosystem and open new
revenue opportunities for brands, operators, handset manufacturers and
advertising agencies. We are delighted to have him on board and I look forward
to working closely with him as our business develops."
About NeoMedia Technologies
NeoMedia Technologies, Inc. (OTCBB: NEOM) is the global leader in mobile barcode
scanning solutions. Our technology allows mobile devices with cameras to read 1D
and 2D barcodes and provide "one click" access to mobile content. Combining this
technology with advanced analytics and reporting capabilities revolutionizes the
way advertisers market to mobile consumers. NeoMedia provides the infrastructure
to make 2D camera barcode scanning and its associated commerce easy, universal,
and reliable - worldwide.
The company's mobile phone technology, NeoReader, reads and transmits data from
1D and 2D barcodes to its intended destination. Our Code Management and Code
Clearinghouse platforms create, connect, record, and transmit the transactions
embedded in the 1D and 2D barcodes, like web-URLs, text messages (SMS), and
telephone calls, ubiquitously and reliably. NeoMedia provides the industrial and
carrier-grade infrastructure to enable reliable, scalable, and billable
commerce. NeoMedia was founded in 1989, and is based in Atlanta, USA. It
currently has 30 active patents spanning 13 countries, with 29 additional
patents pending.
This press release contains forward-looking statements within the meaning of
section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. With the exception of historical information contained
herein, the matters discussed in this press release involve risk and
uncertainties. Actual results could differ materially from those expressed in
any forward-looking statement.
SOURCE: NeoMedia Technologies, Inc.
CONTACT:
NeoMedia Technologies, Inc.
Contact for Press:
CCgroup
Dave McCann / Laura Bryant, +44 118 920 7650
neomedia@the-cc-group.com
Copyright Business Wire 2009
-0-
I asked the question simply because I didn't know the answer.
YA holds both debt (CD's) and equity (Series C) I know that NEOM can pay down or restructure debt but was not, and am still not, sure whether they can address the equity which as you know contains both embedded conversion features and has voting rights on an as converted basis.
I'm doing a little digging on my own to find the answer.
Thanks for the response.
News for 'ALIF' - (Artificial Life is Bringing BMW Sauber F1 Team to the iPhone)
LOS ANGELES and HONG KONG, Mar 4, 2009 (GlobeNewswire via COMTEX) -- Artificial
Life, Inc. (OTCBB:ALIF) (www.artificial-life.com) today announced another
exclusive global agreement with BMW AG to produce a BMW Sauber F1 Team racing
car title for the iPhone and iPod touch. This is the second collaboration
between BMW and Artificial Life and follows the first iPhone title, "BMW Z4 - An
Expression of Joy."
The upcoming title will feature the new BMW Sauber F1.09 race car in exquisitely
crafted high quality 3D graphics and animations. In the game, players take on
the role of a BMW Sauber F1 Team driver to form a team with avatars of the
famous professional drivers Robert Kubica and Nick Heidfeld racing against other
virtual teams. Races will take place on a wide variety of locations modeled
after real race tracks around the world.
To simulate an authentic racing experience, Artificial Life's production team
will take some key details of car racing into consideration. Factors such as
weather, physics and momentum will have an effect on the car's performance.
Realistic dynamic sound effects officially pre-recorded of real BMW race cars
will be featured in the game. With the support of the touch screen and
accelerometer features of the iPhone, the multi-control game-play will allow for
an exciting, virtual, racing experience which will put the players' pro driving
skills to the test.
The game is tentatively scheduled for release in July 2009 pending approval.
"Based on the great experiences with Artificial Life while developing the 'BMW
Z4 - An Expression of Joy' title, we are very excited to take the next step
together now. Like the brand new BMW Z4 Roadster, the BMW Sauber F1 Team
guarantees unique adventures, based on the combination of excellent and banner
product substance and a highly emotional captivation through the BMW brand,"
said Uwe Dreher, Head of BMW Motorsport Marketing.
"We are very pleased to work with BMW AG again on yet another exciting title.
Sports and racing are interesting mobile market segments for both business and
consumer applications on the iPhone. We will continue to explore further
opportunities to enrich our iPhone portfolio with premium branded applications,"
said Eberhard Schoneburg, CEO of Artificial Life, Inc.
(iPod is a trademark of Apple Inc., registered in the U.S. and other countries.
iPhone is a trademark of Apple Inc.)
About Artificial Life, Inc.
Artificial Life, Inc. (OTCBB:ALIF) is a public U.S. corporation headquartered in
Los Angeles, with its production center in Hong Kong and additional offices in
Berlin (EMEA headquarters) and Tokyo. As a leading, full-service provider of
mobile broadband 3G technology, mobile participation TV, mobile gaming, content
and business applications, Artificial Life provides 2D and 3D multi- and single-
player rich-media applications for 3G, 3.5G and 4G network-enabled mobile
phones. Recognized internationally for outstanding content quality and
technology, Artificial Life transcends traditional modes of mobile
communications and interactive gaming. For more information, please visit
www.artificial-life.com or the company's m-commerce portal at www.botme.com.
Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such forward-looking statements
include, without limitation, statements regarding our future results of
operations, financial condition and business prospects. In some cases, you can
identify forward-looking statements by terminology such as "may," "will,"
"should," "expect," "intend," "plan," "anticipate," "believe," "estimate,"
"predict," "potential," "continue" or the negative of these terms or other
comparable terminology. Although such statements are based on our own
information and information from other sources we believe to be reliable, you
should not place undue reliance on them. These statements involve risks and
uncertainties, and actual market trends or our actual results of operations,
financial condition or business prospects may differ materially from those
expressed or implied in these forward-looking statements for a variety of
reasons. Potential risks and uncertainties include, but are not limited to, our
ability to obtain additional funding to operate and grow our business; the
unproven potential of our mobile gaming business model; changing consumer
preferences and uncertainty of market acceptance of our products; timely
adoption and availability of 3G mobile technology; market acceptance for use of
mobile handheld devices to play the interactive games; unpredictable mobile game
development schedules; our reliance on a relatively small number of brands; our
ability to license brands from others; our dependence upon resellers and
telecommunication carriers and operators to distribute our products; our ability
to successfully develop, introduce, and sell new or enhanced products in a
timely manner; and the timing of new product announcements or introductions by
us or by our competitors. For additional discussion of these risks and
uncertainties and other factors, please see the documents we file from time to
time with the Securities and Exchange Commission, including our Annual Report on
Form 10-KSB filed on February 9, 2009. We assume no obligation to update any
forward-looking statements, which apply only as of the date of this press
release.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Artificial Life, Inc.
I was asking about NEOM's options not YA's
Honest question YJ - Can NEOM redeem the Series C preferred shares if they had available capital to do so, or does YA have the right to keep them, and convert or sell them at their leisure? I would assume that NEOM could at least pay the interest portion. TIA
Smartphones picking up market share
NPD report finds handset sales picking up as prices fall
By Dan Gallagher, MarketWatch
Last update: 10:47 a.m. EST March 3, 2009SAN FRANCISCO (MarketWatch) -
Smartphone devices have continued to pick up significant share in the wireless handset market as prices for the devices have fallen, according to a report from the NPD Group on Tuesday.
According to the report, sales of smartphones to U.S. consumers represented 23% of all wireless handset sales in the fourth quarter compared to just 12% for the same period last year.
Also, 66% of smartphones now run on 3G networks compared to 46% last year. Newer networks are crucial for carriers to be able to sell data services along with the phones.
The report also provided some encouraging news to the wireless handset market, which has been suffering from falling sales overall thanks to the economic slump. Another report by Gartner Inc. found that global handset sales declined overall during the fourth quarter and may not stabilize until 2010.
But even that report noted good news for the smartphone industry. In North America, overall wireless handsel sales edged up to 49.1 million from 49 million last year, with smartphones credited for the lift.
"Smartphones continued to be a driving force for consumers to upgrade their devices," said Gartner analyst Hughes De La Vergne in the report. "Introductions of new products such as the RIM BlackBerry Storm and T-Mobile G1 helped smartphone sales grow to account for roughly 20 per cent of total sales in the region."
The NPD report noted that touch-screen devices were the big draw. Apple led the way here with the 3G iPhone, while RIM put out the rival Storm and HTC launched the G1 - powered by Google's Android operating system. This year, Palm will launch its newly-designed Pre, another touch-screen device.
Dan Gallagher is MarketWatch's technology editor, based in San Francisco.
http://www.marketwatch.com/news/story/smartphones-gaining-share-wireless-market/story.aspx?guid=%7B0550AB9C-5DD6-4021-B80F-23D6E934B65A%7D&dist=msr_1
Is that an Xelia scanner on slide 40?
Additional detail
It's a new application that was subject to a non-final rejection that AB has now ammended 2/10/09 and resubmitted for approval.
Very quick prosecution as the application was only submitted in March of 08.
No rest for the weary.
Don't forget the variable conversion terms of the 11 convertible instruments. It's also closer to $52MM with interest.
It's actually very difficult to determine given the 5% limit of ownership at any particular time. It would be almost impossible for YA to convert enough shares to realize the minimum conversion price once the stated conversion price is exceeded.
So how about somewhere between 45 and 60 w/o warrants??
Regards,
I'll take a crack at it:)
60.654%
Of course this is not entirely accurate because the price is not $.04/share and most recent share structure info is from 10/9/08.
They would also have the option to increase ownership to 72.736%
should they choose to exercise their 1,464,470,834 warrants and since most are priced at $.02, they probably would.
However, should all of the above occur and the PPS remained at $.04, the market cap would be $190,763,349 or 23 times current which brings us to a current equivalent of $0.1467/share
so bottom line is I'm all for it:)
Perhaps we will learn how the "indirect" proprietary code initiative is coming along :)
Hopefully he will be announcing a deal with these folks. Five minutes should be about right!!
SPEAKERS & ATTENDEES INCLUDE:
Key brand executives engaged in mobile advertising and branded applications
Ad agency executives helping brands navigate the wireless market
Mobile ad network representatives and consultants
Wireless carriers
Device manufacturers
Technology enablers bringing value-added services to the mobile advertising/content mix
Entertainment content companies: record labels, movie studios, game developers and TV networks
Billboard Mobile Entertainment Live!
Start Date: 03/31/2009
Start Time: 08:30 AM
End Time: 04:30 PM
Location: Las Vegas Convention Center − Room S219/221
3:20pm – 3:25pm
Special Presentation by NeoMedia
Iain McCready, CEO of NeoMedia Technologies
4:30pm – 6:00pm
Mobile Marketing Un-Conference
Produced by GoMo News
Open to all Mobile Entertainment Live attendees
Join Ogilvy, NeoMedia,, JumpTap and others for a new style, open floor discussion on Interactive New Media in a Vertical Market , including mobile music, barcodes, video, advertising platforms and more!
Enjoy a cocktail while you network with and learn from your colleagues in this unstructured conference format.
http://ctiawireless.com/events/event_details.cfm?calID=791.
700MM for this technology?? curious indeed that both Co's were represented in a MyoVad presentation
"it will be at least until 2014 for the CoreValve to become available in the U.S."
*************************************************************
Medtronic Acquires Non-Surgical Aortic Valve Technologies
Purchase of CoreValve and Ventor Targets Leadership Role in High-Growth Aortic Transcatheter Valves
--------------------------------------------------------------------------------
February 28, 2009 -- Medtronic, Inc. (NYSE: MDT) announced this week that it is acquiring two privately held companies that have been in the forefront of development for transcatheter aortic valves. The move, estimated at slightly more than $1 billion, positions Medtronic to move forward with future development and clinical trials of these non-surgical approaches to aortic valve replacement, a field currently occupied by Edwards LifeSciences.
CoreValve, Inc. located in Irvine, California, has developed the ReValving System which received European CE Mark approval in May 2007. The ReValving System comprises a porcine pericardial tissue valve, mounted on a self-expanding frame and implanted via an 18F delivery catheter percutaneously through the femoral artery. Medtronic notes that the CoreValve ReValving System is not currently available in the USA for clinical trials or for commercialization. Non-USA clinical evaluation has been in progress for several years. In this exclusive interview from 2007, Dr. Eberhard Grube of Siegburg, Germany, discusses his experience with non-surgical valves.
The second acquisition by Medtronic of Israeli-based Ventor Technologies Ltd. involves a valve inserted not through the femoral artery, but transapically, through a small incision in the rib cage. This method can be used when the femoral artery may not be suitable, because of peripheral disease or other clinical conditions.
Like the CoreValve, the Ventor Embracer System is also not currently available in the USA for clinical trials or for commercialization.
Approval is needed from the FDA to begin U.S.-based clinical trials for these devices -- some physicians believe that may happen this year although, according the the Wall Street Journal, it will be at least until 2014 for the CoreValve to become available in the U.S.
Percutaneous or transcatheter aortic valve replacement is specifically targeted for patients who are too frail or sick to withstand major heart surgery, which is currently the only available method of valve replacement. It is possible that with experience and long-term results, the delivery of a heart valve through the femoral artery may extend to younger and healthier patient populations.
The development of these technologies is yet another way in which Andreas Gruentzig's original concept of working safely inside the arteries of an awake patient has been expanded to treat a multitude of conditions, from coronary artery disease, aortic aneurysms, kidney disease and now heart valves.
Reported by Burt Cohen, February 28, 2009
http://www.ptca.org/news/2009/0228.html
Hang in there Bub, (your decision of course) I'm getting longer as we speak. Somehow 2.2mm market cap just doesn't seem to fit. Wish I could vote my shares!
Looks like the website continues to be updated.
http://www.neom.com/neoreader-gallery.php
If they had free cash they should pay down convertible debt which prevents underlying shares from being added. I would be happy at this point if they could just stop borrowing. Gotta crawl before they can walk.