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Gelati - It would be more accurate to say the issue is still relevant. Medizone has yet to show they are the slightest bit relevant. Ed claimed hospitals couldn't wait to get their hands on Asepticsure. Well it is now close to 4 weeks since they were able to buy it and still not a mention of a sale.
>> Just to show we are still relevant.
It's been 3 weeks since they announced on Twitter that they can now sell to the US market. I'll discount the first week because the week before Labor Day is typically a slow week. So 2 weeks since the announcement. We have been told for years that hospitals in the US couldn't wait to get their hands on Asepticsure (pending EPA approval, of course). I did take those pronouncements with a grain of salt. Not that I suspect Ed of deliberately misleading investors - but I do think he is just a bit naive - ok so actually really really naïve as to what it will take for Asepticsure to really take off (See Canadian sales). Given all that, as far as the party-line goes, we should be hearing about hospital sales any day. So why am I so skeptical?
No question they've "earned" the skepticism based on their action over the years. I will say that as much as I dislike their management methods I don't think they would deliberately mislead shareholders so I'm hopeful.
NSD - Well they did "verify the rumors" with their official Twitter announcement. Obviously we would like more details, but I think it is safe to say it is more than a rumor.
"Expanding on yesterday's SEC filing, Medizone is now able to market & sell AsepticSure as an applicator in the US effective immediately"
>> Unless the company verifies these rumors soon
Gelati - You said in the past you needed EPA approval to sucessfully sell Asepticsure. Given the unannounced quasi EPA approval are you now able to commence sales of your services/machines in Asia?
Doc - Not exactly sure what point are not understanding. Did you read the letter to the SEC where the petitioner mentions some communications with David Esposito about their potential interest?
It doesn't really matter because it sounds like it didn't go anywhere.
It was Apple - it was in a letter sent to the SEC. Check the link in Eli's post from last Friday
Not 220 billion market value- 220 billion cash!! :) Only one company that I know that has that amount and that is Apple. But alas it seems nothing came from it. Although it is a nice scenario for daydreaming!
Oh Well. With 220+ billion in cash on hand they might have been able to nudge up Medizone a couple of pennies :)
WIV - Not sure if I understand your post- are you being purposely vague or am I dense?
I mentioned a reference to a large public company that was mentioned by name in one of the SEC communications as possible being interested in Medizone - can you comment on that?
"I think it would be best if you used a little discretion, be patient and didn’t attempt to dissect the SEC communications so as to try to find issues of significance; the matter is evolving."
So even with the current state of "approval" Medizone can sell the cannisters that will provide recurring revenue?
Can someone explain something to me - I must be missing some vital piece of information. Isn't hydrogen peroxide an off-the-shelf product. Who cares who sells it? Or are you referring to some consumable containing hydrogen peroxide, but also has some propriety ingredients?
With the right management team in place rumors like that could easily be worth a couple of bucks/share. Alas we are still stuck with Ed.
Be thankful - it's 140 characters more of communication than we usually get!!
I'm guessing now that the cat is out of the bag they will be forced to put out something more official/substantial next week. But hey with Marshall you never know :(
If they finally have approval to sell I'm hoping we can finally get some real media exposure.
Too bad those e-mails weren't part of the filing.
As far as the announcement on Twitter I can think of one possible logical reason.Perhaps they realized, as Tane pointed out, that this could be an insider-trading issue. On the cusp of finally getting this company going they couldn'ttake the risk and used the fastest method available to them to make the news public.
Well 100+ hospital system sounds a lot better than 100+ beds that Shoe mentioned!!
Eli - What do you make of this tidbit in the letter:
"an initial expression of interest by Apple Corporation in the
Company’s technology."
Shoe - Sounds great, but crazy. So you can buy the 2 things separately, but not together - how idiotic is that? What does the EPA gain by doing that?
As far 100+ beds - didn't they intimate that they had a prestigious hospital lined up for a trial. While any trial at this point would be useful this doesn't sound like what they had hinted at.
WIV - Thanks.
WIV - What was the basis of the company's protest? Other than they don't want to be held accountable for the current situation!!
I know you are not a securities lawyer, but what is your opinion regarding the fact they never informed shareholders that they submitted a new EPA proposal - would that be considered violating a public companies disclosure requirements?
As far as the proposals - can we assume the fewer proposals (assuming the "opposition" can get organized) the better chance on getting them passed?
We all had the opportunity when the meeting was first announced and seemingly no one took advantage - why do we think now someone will?
As far as the cause for the postponement - it isn't clear to me.Did they meet the 10 day deadline and Medizone jumped the gun on mailing the proxies or did they miss it and threaten litigation to get the extension?
So no mention of status - or that they needed to submit a new application. Inexcusable in my book.
No mention of status of EPA application?
Thanks for the clarification. Did you consider putting forth an alternative slate of directors?
I think everyone agrees on that point - except perhaps for some members of our current board :(
You did post that last week - I guess I wasn't really paying attention - shame on me!
I was about to post that it seems as if the best option for investors not satisfied with the status quo whould be to vote to authorize the additional shares, but vote out Ed and Hoyt - leaving the other 3. I guess that isn't an option now.
What happens if some of the board is voted out? Do the remaining members appoint new people to take their place or do the vacancies remain until the next board meeting?
Futurist - Can you elaborate on who your group is and how many shares you represent?
Most logical thing I can think of - Ed has tickets to the game and this way he gets free air-fare and hotel room.
BenK - As you said "Good luck with that one."
>> let's try to squeeze out some more context.
WIV - Thanks for your input and analysis. I, along with I'm sure others, greatly appreciate what you contribute to this board.
I guess a lot would depend on their cash on hand. If they are going to run out of money before September then you are correct - they needed to schedule it when they did to be able to access more cash. However if an analysis of their cash position says they could have held out until December, then the September timing would point to their expectation of good news.
I can't make that analysis - perhaps WIV has enough info to make it.
Well at this point I wouldn't exactly trust Medizone's predictions, but it is a valid point about Cogmedix. Pesumably they heard enough to make it worthwhile for them to get involved with a penny stock company (unless they are also drinking the Medizone Koolaid!)
and the Bill and Melinda Gates Foundation uses them! :)
Correction - Looks like they are associated with the parent company Coghlin
Shows how desperate people are for anything that can be spun as positive. I'm not saying it's not positive, but as you point out we could really use EPA approval and sales!!
No mention if they have already produced a machine and if not how many months will it take for them to be able to get the first one out the door.
Will they be producing the 3 for South America or were those already made/delivered?
BenK - You don't sound too optimistic.
>> even if they manage to get EPA approval in the coming months
WIV - I usually agree with your analysis but I'm looking at this differently. The way I see it, Ed sees change is coming and all he wants to do is make sure that he has a rock-solid claim on his back-pay. So while it could strengthen his position vis a vis bankruptcy etc.. (I don't give him so much credit to be that smart :)) I think it just means he is finally getting ready to move on. That is definitely in the shareholder's interest!!!!
>> In short, I don’t see how the employment agreement or note are in the shareholder’s interest.
I see a pattern - goofballs like us keep on getting hit over the head and yet we still hope something good is going to come from this!!
>> Anyone see a pattern here.
WIV - Agreed, and did they really think no one was going to notice? I can't begin to get inside their heads as to what they think they are accomplishing by not being forthright with that information. Unfathomable!
>>One can reasonably conclude then, that the omission of EPA information in the latest filing was willful.
Can you guys just lay off Marshall - He rebuilt Europe after the War. What have you guys done lately?