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This bill requires drug companies that market and sell prescribed medications that are routinely injected at home to submit plans to the California Integrated Waste Management Board describing how they support safe needle collection and disposal programs for patients using their drugs. They must further make this information available on their web sites. This will help inform those of us with HIV who inject enfuvirtide (Fuzeon) and those with hepatitis B or C who inject conventional or pegylated interferon (Intron A, PegIntron, Pegasys).
As of September 1, 2008, it is illegal to throw away sharps in household garbage. However, many cities and counties in California do not have sharps disposal programs of any kind, leaving many individuals that self inject with no way to dispose of their sharps. In addition, in cities and counties where there are collection sites, they may be located in places difficult to get to for disabled people or not accessible at all for individuals who are home-bound. Although private mail-back programs are available, they may be too costly for low-income individuals.
We think that this legislation will provide a necessary first step toward assuring efficient, effective and accessible disposal alternatives for at-home injection users. The drug companies that make these medicines -- and make billions of dollars selling them -- can and should do their part to help.
In a separate but related piece from Reuters.com, an American company has acquired the rights to a novel method for the destruction of needles in the home. From American Scientific Resources Acquires Intellectual Property to World's Only FDA Approved Home Needle Destruction Device come more bits and pieces of info on this first-of-its-kind coup:
American Scientific Resources, Inc. (Pink Sheets: ASFX) (the Company), is excited to announce that it has acquired the intellectual property to the world's only FDA approved home needle destruction device (NDD), the Disintegrator(TM) and Disintegrator
Plus(TM) (U.S. Patent No. 6,384,362 Patent Application No.: 09/500,504) (the "Device Technology").
A formerly owned property of Safeguard Medical Technologies, American Scientific Resources now holds the rights to the patent, which includes the Device Technology Patent and all present and future developed information, knowledge, experience and results.
In the state of California alone, "approximately 386-million sharps are generated each year in
California that need to be disposed of" and ASR hopes they can ramp up the production of the "Disintegrator" needle-destroyer in quick order to take advantage of an upcoming piece of legislation in the Sunshine state that would facilitate "the safe disposal of syringes and needles (also known as "sharps") by requiring pharmaceutical manufacturers who sell specialty drug medications for home use to provide information on their websites on safe needle collection and disposal programs for their drugs." A great boon to ASR and now would be the time to buy stock
because safeguard is now rolled into asfx.
Don't know the financial deals for that transaction
but clearly there was something interesting going on there.
the value of the patent is clear only now by the Fed and CA
legislation in progress and the EU community.
the $300 million is just my conservative estimate of it's value
if marketed correctly into the $4.4 billion dollar current market
of needle disposal problems and waste management.
I don't think that it is too high.
cheers,
SJ
no problem.
$4.4 billion market in needle waste disposal world-wide.
Patent for NDD valued at a conservative $300million.
Current O/S 1.8 billion.... simple and straight forward conversion
to $.15 pps on the patent alone.
O/S is revealed in 2nd to last page of posted financials.
I posted the relevant section yesterday.
cheers,
SJ
so all of you who are dumping??
Who do you think is BUYING those shares???
that's right, the smart people.
cheers,
SJ
revise value to $.15 in near future given new share structure.
cheers,
SJ
surprising strength given the full disclosure through 1/2009
on financials and share structure. 154 million shares traded
and an insignificant drop monetarily.
support lines hold and increase will be soon seen especially
if (as I surmise from yesterday's tone Dr. T. chuckling), good news to follow.
cheers,
SJ
250 million
better read the second to last page...
shares issued in 2009.
o/s looks to be about 1.8 billion of the 2.5 A/s
A bit more than I expected. Ah well.
Still holding.... still having fun....
cheers,
SJ
Common Stock Issuances and Increase in Shares Authorized. On January 27, 2009, the
Company increased its common stock authorized to 2.5 billion shares. Subsequent to December
31, 2008, the Company issued 1,451,383,785 shares of its common stock for the following:
673,678,718 shares for $840,000 cash, 87,500,000 to the board of directors for services,
270,330,818 shares for the conversion of convertible promissory notes totaling $100,000,
161,874,249 shares for penalty interest, 8,000,000 shares to a consultant for services and
250,000,000 shares for the acquisition disclosed below.
first of all, The lawsuit is a fact. Second, It's been posted here many times. 3rd, do a little DD before you jump into a stock.
I only have a hard copy of the pdf and don't have a pacer account.
all the details between tecnimed and asfx are in this filing.
cheers,
SJ
the NDD is more relevant to the future.
This is the latest lawsuit between ASFX and Tecnimed:
Anyone with PACER account can access the information.
PDF was in iBox. Still there? Haven't looked.
this has not "officially" been taken off the books.
cheers,
SJ
American Scientific Resources, Inc. v. Tecnimed SRL
Plaintiff: American Scientific Resources, Inc.
Defendant: Tecnimed SRL
Case Number: 1:2009cv04754
Filed: May 20, 2009
Court: New York Southern District Court
Office: Foley Square Office [ Court Info ]
County: XX Out of State
Presiding Judge: Judge George B. Daniels
Presiding Judge: Judge Unassigned
Nature of Suit: Contract - Other Contract
Cause: 28:1332 Diversity-Other Contract
Jurisdiction: Diversity
Jury Demanded By: Plaintiff
Amount Demanded: $5,000,000.00
Access additional case information on PACER
Use the links below to access additional information about this case on the US Court's PACER system. A subscription to PACER is required.
Access this case on the New York Southern District Court's Electronic Court Filings (ECF) System
ridiculous rumor number 1:
Gov. of CA playing a role: NOT
http://www.free-press-release.com/news-can-american-scientific-be-the-next-big-thing-pink-asfx-pk-1254461506.html
StocksHaven Investments profiles one of the most exciting up and coming small cap medical plays. With the recent explosive gains in Spongetech Delivery Systems, investors were left endlessly searching for that elusive replacement in their investment portfolio, which was quickly becoming nearly impossible to find — then came American Scientific Resources, Inc. (PINK:ASFX). The similarities between the two couldn’t be closer if we had a genie in a bottle to fulfil one of our three wishes. Both struggling, and financially unstable companies with products that seemed to be slight improvements over preexisting ones. One has a sponge (Spongetech) which contains soap, while the other (ASFX) has a 5-in-1 thermometer. At first glance, you might be saying to yourself, “Why in the world would someone want to invest in a company with a sponge, and another with a thermometer, I mean, how long have these been around?” Well, firstly, the answer is, probably longer than the first time you’ve set foot on Earth. Now, for the real reason: Competitive Advantage. People all too often forget about the concept of evolution, and this is exactly what has set SPNG and ASFX apart from its rivals. Did we also mention that the terminator, Mr. Schwarzenegger himself somehow found his way into playing a role in the success of this company? If that’s not enough to entice your attention, nothing is.
Don't Panic....
Hitchhiker's guide.
I managed to get in on the conference call. There was nothing negative at all being stated. Dr. T did a great job responding
to all of the internet bashing and pumping that has been going on with this stock. Clearly he was responding a whole slew of ridiculous rumors floating about in the chat rooms.
He has always been upfront about the status of the company and NEVER promoting advance issues which are in play.
this company is for real and is clearly progressing towards great things.
His words repeatedly " very, very soon."
2008 financials to be published (audited) Share structure to be confirmed and status of business.
The value of the company at the current time is pure conjecture but not unreasonable given the overall market possibilities.
I've been watching this company for over 18 months now and am heavily invested. Not flipping, not daytrading, but letting my $$
be used for the betterment of the company.
Cheers,
SJ
The CC was purely a response to "UNFOUNDED" rumors both negative and positive that are currently floating about on the chatrooms.
And there are A LOT!
He Emphasized the desire for an orderly market! I couldn't agree more.
buying MDGC Today (and yesterday)
Like the contracts in Idaho.
Expansion easy and ongoing.
Cheers,
SJ
minutes.... minutes.... minutes....
Thermofocus was the initiator. But that was for only for distribution. ASFX/Kidz-Meds doesn't own it.
The NDD is something else entirely and they now control the
patent.
Conservatively, 25,000 units per month at current manufacturing capability implies a $36,000,000 annual gross revenue.
That's only 300,000 units per year.
57 million diabetics in the US currently using needles each day.
Ramp up the manufacturing capability (trip to china already in the works) and see what the value runs to....
Patent is conservatively worth $300,000,000 on a buyout.
That places the pps at $.30 (if O/S is one billion shares).
cheers,
SJ
can't get to sleep... too many idiots posting bad DD on this board.
Please read the past before spouting off for the future. Thanks.
Manti and Brezlin are really the only ones to be believed.
ciao
10:15 and the morning HYSTERIA is over...
Now the real trading begins.
Will probably touch .08 again today....
by 1/10 pps target $.30
cheers,
SJ
gross revenue projected for Just the Disintegrator
25,000 units/month (current manufacturing capacity) x 12 months x $120/unit
$36 million annual gross revenue for Kidz-Meds and Safeguard.
This is nothing to sneeze at.
Patent is worth more. And it is a strong patent.
cheers,
SJ
If I had a link this would already be at $.30.
Of course it is INFORMED speculation.
cheers,
SJ
New price target $.30 pps. EASILY.
3 Months out based on the value of the patent.
Good night all.... might stay awake for the close..
cheers,
SJ
ps. truly awesome.
great one day chart though... a big fat single middle finger to the share holders... LOL
cheers,
SJ
Brez... you may want to add that I've been sitting on this
and advising everyone to buy since back in June.
I've been here for about 18 months now and continue to support.
I picked up an enormous amount in the trip 0's and again
when it blasted down to .0015. Everyone can follow my messages
as they pertain to both trading and long-term goals.
I haven't been egregiously wrong yet. So... $.30 is new target.
time frame.... probably by January. Plenty of trading opportunities throughout, but steady growth from here.
cheers,
SJ
10:15 end of morning Hysteria...
Now back to reality and the slow climb upwards.
Another 150 million share day to $.065...
Looking forward.
cheers,
SJ
If this one isn't on EVREYONE'S watch list by now....
It's cold and rainy here today but ASFX is making it awfully SUNNY!
Looking like it's going to blow past $.06 any minute now.
All I can say at this point is WWOOOOHHHOOOOO!!!!
cheers,
SJ
without online brokers taking trades, what you are seeing
is REAL value coming in.
Monetary value is steadily increasing. New support line
at $.0499. but that is rapidly changing to the positive.
cheers,
SJ
The value of the NDD patent (conservative estimate)
is around $300,000,000. With current legislation and
world-wide awareness of requirements for needle disposal
in a $4.4 billion dollar market.
ASFX could easily be at $.30 even with a billion share O/S.
cheers,
SJ
http://www.thefreelibrary.com/Disintegrator+Needle+Destruction+Device+Commences+Global...-a0126658782
ASFX now has contract with EAM for European distribution channels
for Safeguard's NDD? HMMMMM
news soon? Will look into this possibility.
cheers,
SJ
ASFX kicking butt, Naysayers be fooled....
truth be told.
cheers,
SJ
well, it's time for my afternoon constitutional...
see you in the wine shops... Champagne is very inexpensive here
and the weather is perfect... sunny and 70.
But rain all day tomorrow....
the traveling life for me!
cheers,
SJ
sorry too late... bounced already LOL
cheers,
SJ
New monetary base built in at $.0275.
Watch the bounce there and back up again...
consolidation in the range .027 to .03.... Then WOW!
cheers,
SJ
$.0295 hit....
NOW to I hear a WWWWWWWWEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!
that's enough cheerleading by me for the day....
Have a great day!
cheers,
SJ
All the $$$ being currently yanked out of SPNGE
has got to be flowing somewhere....
ASFX and Kidz-Meds are going to be household names.
cheers,
SJ
Dilution share price is currently at market.
TJ management now has to hang on and back up their
investment unless they short themselves (which seems unlikely).
retail business is up-front cost painful.
Spring line in shows now. By end of December, company should be well-off and running.
cheers,
SJ
ps. too bad about ASFX... LOL
here comes the morning's hysteria...
Nice open good volume
Bill to be signed this week.
ciao,
SJ
Looking over the new balance sheets and including new issues off
of the 504, it looks like today and this week could very well
be the bounce play everyone is waiting for.
It doesn't look as if .0005 will be hit.
GLTY all....
cheers,
SJ