is trying to survive this market
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People are just now becoming aware of this company.
.0044! Just in time JJ! LOL
It gives them the ability to move forward with less pressure. This appears to be a healthy company that's getting better positioned in the industry.
MC, it's looking very strong! Incredible volume today and plenty of ask slapping too.
PDMI BREAKOUT!
Almost 10 million shares traded and it's not even lunch time yet!
.0044 is coming!
.0043 has been hit!
MM's DOMS and HDSN are lined up at a PENNY!
Sure is looking that way.
We broke it!
.0042 x .0043
.0043 on the ask!
We're gonna break it!
.004 is getting slammed!
UPTICKING!!!
Here we go!!!
Bamm! There's .004 again! UBSS just popped up at .0044!
Most people don't realize that they can sell at the ask if they're patient. Selling at the bid only hurts the stock, and it takes away from any momentum it may have. IMO
A few nice buys coming through at the ask.
"The financing with Fairhills Capital is a major milestone for the Company," said Paradigm Medical's President, Stephen Davis. "With our new executive leadership, Paradigm is revitalized with a fresh, new sense of optimism and growth. We look forward to regaining the confidence of our shareholders as well as enhancing shareholder value."
The LOI provides that $600,000 in notes will be purchased every three months over a nine month period, with the first purchase of $300,000 in notes to be made at closing and the remainder to be purchased upon the satisfaction of financial objectives to be mutually determined between the Company and Fairhills Capital.
Hey Sharky, welcome to the board! Love your pic!
It sure is!
It's about time! lol
The volume is cranking up now.
Yes, the fact that this is a fully reporting company on the OTCBB, with real medical products, certainly makes this a bargain! The market cap is way too low, even for a shell (which this is clearly not.)
PDMI up 8.11%!
PDMI up 8.11% on just over 3 million shares.
Boy that was quick! lol
.0038 x .0039 right now with 1 mm left before we hit .004!
I think we may break through the .004's today.
It will just take a little time for people to see the news. Already 1.7 million in volume. The day has just begun!
PDMI NEWS JUST OUT!
Paradigm Medical Industries Signs LOI for Up to $1.8 Million in Structured Financing
SALT LAKE CITY, UT -- (Marketwire) -- 04/14/09 -- Paradigm Medical Industries, Inc. (OTCBB: PDMI) announced that on April 7, 2009 the Company signed a "Letter of Intent" (LOI) with Fairhills Capital for a structured financing of up to $1.8 million through the purchase of promissory notes from the Company. The LOI provides that $600,000 in notes will be purchased every three months over a nine month period, with the first purchase of $300,000 in notes to be made at closing and the remainder to be purchased upon the satisfaction of financial objectives to be mutually determined between the Company and Fairhills Capital.
Final details and contract for the financing are ongoing and expect to sign an agreement within the next ten days. Paradigm Medical will utilize the capital from the funding to re-launch and re-brand the Company in the global and domestic markets. Proceeds will be used for the development, redesign and upgrade to a number of their key products and to hire new key management and a sales team to help lead these efforts.
Fairhills Capital is a private equity firm that invests capital into companies in the emerging markets. The firm pursues investment opportunities in small-cap companies that have a strong management team and the ability to implement their business plan. Fairhills Capital has invested in over 50 public and private companies in various sectors including oil and gas, communication, arts and entertainment, services and medical sectors.
"The financing with Fairhills Capital is a major milestone for the Company," said Paradigm Medical's President, Stephen Davis. "With our new executive leadership, Paradigm is revitalized with a fresh, new sense of optimism and growth. We look forward to regaining the confidence of our shareholders as well as enhancing shareholder value."
About Paradigm Medical Industries, Inc.
Headquartered in Salt Lake City, UT, Paradigm Medical Industries, Inc. is a medical device company that develops, manufactures and distributes cutting edge, new innovative products in the diagnostic ultrasound and early glaucoma detection markets. Paradigm has the only patented technology utilizing photon laser for cataract removal. The Company is poised to capture a niche market within the Glaucoma and ultrasound microscopy fields. Paradigm Medical Industries markets its products to ophthalmologists, optometrists, universities, and clinics throughout the United States, as well as internationally.
For more information, please visit: www.paradigm-medical.com
This press release contains statements that, if not verifiable historic fact, may be viewed as forward-looking statements that could predict future events and outcomes with respect to Paradigm and its business. The predictions embodied in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.
Contact:
Paradigm Medical Industries, Inc.
Stephen Davis
President
801-977-8970
www.paradigm-medical.com
Source: Marketwire (April 14, 2009 - 10:00 AM EDT)
News by QuoteMedia
Paradigm Medical Industries Signs LOI for Up to $1.8 Million in Structured Financing
SALT LAKE CITY, UT -- (Marketwire) -- 04/14/09 -- Paradigm Medical Industries, Inc. (OTCBB: PDMI) announced that on April 7, 2009 the Company signed a "Letter of Intent" (LOI) with Fairhills Capital for a structured financing of up to $1.8 million through the purchase of promissory notes from the Company. The LOI provides that $600,000 in notes will be purchased every three months over a nine month period, with the first purchase of $300,000 in notes to be made at closing and the remainder to be purchased upon the satisfaction of financial objectives to be mutually determined between the Company and Fairhills Capital.
Final details and contract for the financing are ongoing and expect to sign an agreement within the next ten days. Paradigm Medical will utilize the capital from the funding to re-launch and re-brand the Company in the global and domestic markets. Proceeds will be used for the development, redesign and upgrade to a number of their key products and to hire new key management and a sales team to help lead these efforts.
Fairhills Capital is a private equity firm that invests capital into companies in the emerging markets. The firm pursues investment opportunities in small-cap companies that have a strong management team and the ability to implement their business plan. Fairhills Capital has invested in over 50 public and private companies in various sectors including oil and gas, communication, arts and entertainment, services and medical sectors.
"The financing with Fairhills Capital is a major milestone for the Company," said Paradigm Medical's President, Stephen Davis. "With our new executive leadership, Paradigm is revitalized with a fresh, new sense of optimism and growth. We look forward to regaining the confidence of our shareholders as well as enhancing shareholder value."
About Paradigm Medical Industries, Inc.
Headquartered in Salt Lake City, UT, Paradigm Medical Industries, Inc. is a medical device company that develops, manufactures and distributes cutting edge, new innovative products in the diagnostic ultrasound and early glaucoma detection markets. Paradigm has the only patented technology utilizing photon laser for cataract removal. The Company is poised to capture a niche market within the Glaucoma and ultrasound microscopy fields. Paradigm Medical Industries markets its products to ophthalmologists, optometrists, universities, and clinics throughout the United States, as well as internationally.
For more information, please visit: www.paradigm-medical.com
This press release contains statements that, if not verifiable historic fact, may be viewed as forward-looking statements that could predict future events and outcomes with respect to Paradigm and its business. The predictions embodied in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.
Contact:
Paradigm Medical Industries, Inc.
Stephen Davis
President
801-977-8970
www.paradigm-medical.com
Source: Marketwire (April 14, 2009 - 10:00 AM EDT)
News by QuoteMedia
PDMI is looking strong after a fantastic PR!
Here come the .004's!
PDMI is now in the green!
The volume is coming.