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They would want to tell the world ASAP if they got approved. Also, SEC rules state they must inform shareholders of a material event.
I looked and it could be 07 August as on 07 July RadioGel told investors the FDA had acknowledged receipt of the application.
Either the clock started on 28 June and approval come on 28 July or FDA acknowledgement email received on 07 July and approval on 07 Aug. Either way...not too many days of anticipation left.
Ok board, I am pasting the guidance from the FDA. One could interpret these sentences to mean the 30 day clock starts when the FDA emails the applicant to conform receipt. If that is how it goes down, the approval dare will be early August, forgot the exact date. Honestly I hope we go without hearing from them as I believe if they do reach out b4 30 days it will be to ask questions
I'm REALLY hoping for 5x after approval lol
Without a doubt, volume increases as will share price once IDE is approved!!!
The quick answer...a lot.
Does anyone else feel like it would have been much better for investors if our CEO had waited until IDE was approved to put together a new offering? If he had waited until approval, he could wait for a week or 2 and find a good price that is a discount to the market price and then make an offering. Would have been able to raise the same amount of money and it would have been less dilutive to shareholders. An offering at $0.25 or $0.35 would be much better for investors. Just my 2 cents...
Still very happy that the IDE was submitted, I just think he was pre-mature on the offering(s).
Another day passed is another step closer to IDE approval 🙏🤞
I have a friend who is also just waiting for a price to jump in. I just told him about the stock, didn't recommend him to buy as my track record of investments is all over the place. This SHOULD be my big winner....
Don't be surprised if the FDA doesn't respond in any way. That is good news as after 30 days with no response from FDA, the application is then considered approved.
If fishy...I would initially lay blame on the FDA (if we don't get FULL approval for IDE) but would be interested to hear what RDGL has to say about it.
The calm before the storm. I am betting all of my 320k shares that once we get IDE approval from FDA this will 💣💥.
Of course, I could be wrong, and the market will not reward longs with the share price we all believe we should have after approval.
Time will tell. 🤞
Totally agree on all points
I think many eyes are on this and also all of those eyes have seen prior submittal(s) get rejected. I betting as soon as we have approval the flood gates open. 🤞
Is anyone still thinking we hit $1 after IDE approval?
Agree 100%. I work for the government and it is a better assumption to start the clock once the FDA confirms receipt. I'm going with 07 Aug for the "no response, automatically approved" timeline.
Sounds like EM is going to happen...unless you know something everyone else doesn't
Also meant to say...totally agree!
I'm in long....can't wait for those glory days to arrive!!!
Excellent point! Then some news coverage nationally, and we should really see some movement!!
1% of the market is $2 billion. I would expect we will grab more than 1% after fully approved to treat all solid cancerous tumors.
Or, someone who has millions of shares needed cash.
Either way, once IDE is approved, we should see a new 1 year (and should also be a 3 year) high, and a new bottom would set in above current levels.
I have decided to stop getting worked up when price drops. Yes, it is frustrating, but I believe we will get approval from FDA. If/when that happens, share price should go boom.
Rejected submissions to the FDA. Those failures put RDGL on this path, and if successful (all signs point to success), welll worth it!!
The failures of the past are 100% keeping this ticker from running. Hopefully, IDE is approved and we ride a rocket to the moon!!!
Can we break 19 cents tomorrow....and hold? Time will tell 🤞
How often do tickers on the OTC make sense?
So much for all of our collective price forecasts! Looks like the market won't reward this ticker with higher share price until approval.
I don't like it, but it is what it is.
In that case, I would expect Mayo to assist, as someone else said.
That is for a non-significant risk device such as contact lenses. That doesn't apply here imo...anyone else on the board have any thoughts?
Great post. Thank you for sharing.
I hope you are right!!
Not to mention IsoPet generates ZERO revenues!!!
Low volume selling...means VAST majority are holding.
All evidence says IDE will be fully approved...tick tock.
Sure hope so.
May July provide a bountiful profit for the longs!!!