Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Look at what the market says; the big boys look also to acquisition in addition to product development,
if UEEC patents are solid; and we could get 2 or more interested parties bidding; a nice price
could well be in the offering. The existing lower level approvals should be marketable at least
$1 per share if FDA rejects the current PMA. I am still a buyer; albeit just 1 to 2 K per week; but
I gamble.
Looks like I am the only one in the USA demonstrating interest in this mineral company.
Looking for opinions from anyone (Aussie or ?) on any potential of this company's holdlings.
Seems they have the Silca project going for them and a substantial interest in the Clermont Gold and Copper prospect.
Anyone out there??
This Australian Mineral Company looked interesting as a lottery play. They have Silica resources and have taken a 75% interest in a
gold mining opportunity. They are the target of a unsolicited takeover and internally value their resources substantially above the current
market cap. Who knows? Obviously a penny stock gamble; do your own DD.
If we are looking at a 24 week FDA window; we are about 20% thru that evaluation period.
The investment (or gamble) is in the final stretch for a decision. Hard to see any logic for those
selling; I hold to the end. Got to ride this one out.
Primary Strategy (From the 10K) 04/2024
Our HemoStyp technology received an FDA 510(k) approval in 2012 for use in external or superficial bleeding situations and we believe there is an opportunity for HemoStyp products to address unmet needs in several medical applications that represent attractive commercial opportunities. However, the Class III surgical markets, both domestic and international, represent the most attractive market for our products due to the smaller number of competitors offering Class III approved hemostatic agents and the resulting premium pricing for products that can meet the demanding requirements of the human surgical environment. We believe that our extensive laboratory testing and our completed human trial indicate that the HemoStyp technology could successfully compete against established Class III market participants, and could gain a significant market share. There can be no assurance that an FDA Premarket Approval (PMA) will be granted.
In anticipation of receiving a Class III PMA (which cannot be assured), we are evaluating paths to rapidly grow our revenue and profits in all potential market segments, with the objective of maximizing shareholder value. We do not intend to pursue the full commercialization of our products independently nor to remain an independent company in the long term. Options under consideration include (i) a sale or merger of the Company with an industry leader in the wound care and surgical device sectors, which may include a pre-sale collaboration on commercialization and distribution and (ii) one or more commercial partnerships with established market participan
blob:https://tdameritrade-researchcomponents.markitdigital.com/2299eaf2-28ad-4456-88e2-9dafaca75d60\
The annual report was posted.
Getting old; wasn't there commentary that FDA was going to fast track this application as one of the early tests for the E Star application program? Maybe one or two PR's ago? If so; a 90 day window might be in play?
Hard to get excited about up and down with no sustained growth in $SP.
Selling volume concerning.
Concur. Someone had posted a June decision window; I think that 90 day processing is the correct assessment;
that puts June 21 in play (or earlier). Lets hope political nit picking does not surface hindering a valuable resource
to the medical communities. Of course there is no guarantee of approval; but I like our possibilities.
My plan; continue to pick up shares on the cheap; so Sellers keep unloading and I will be buying as $ permits.
Today's sellers will be faced with a day of intense regret (I project).
A small buyer here at .193; picking up some more. Someone unloading at that level. Buying what I can at this cheap price. Hard to understand the thinking of those selling large at this SP. Buy - Their loss; our gain!!
Wise board poster awhile back recommended ignoring aholes like shoondickhead;
I did and they go away; all I see is your blow back to him. Ignore him and he has no
forum. Nuff said.
Wasn't there some commentary that UEEC's PMA application would receive expedited processing thru the Estar program?
If so that would be a blessing versus the 180 day window. And we need an acceptable application.
Funny stuff; made my final purchases for the day; and 3 1 share pick ups were made at the teens.
Someone trying to manipulate. Paying a commission to sell 1 share?
Added 35 k shares at .19, the negative warnings from the FDA link are standard boiler plate for federal applications;
I put no credence in them. Is the selling just "sell the news"? I will be buying more.
HEY UEEC:
Yesterday marked two months since you announced you could start drafting the PMA.
Assuming you started from square 1 on the application; you have had two months to complete the
information. Have you completed the application in these two months? If not why not. Most would
think two months is more than adequate to complete this requirement; even if it is complex.
What have you done?
Do You have milestones established?
Has the application been submitted?
If/or once submitted; what is the projected processing time with FDA and the Estar Program?
This continues to be dragged out for months and years; why can't you muster the resources
to get this important requirement finished.
We need an update and a SUBMISSION TO THE FDA.
Why can't you accomplish either one?
Get the job done or find professionals who can. THIS INEFFECTIVENESS IS BEYOND COMPREHENSION!
Another market week about to finish and nothing announced from this management team. On Jan 19th they were to commence "drafting the application'; so in 55 days; almost 8 weeks; nothing reportable has been accomplished. This indicates they had no working draft in the mill as they waited for the package testing. Astounding that nothing was ready to go on Jan 19th except for the now favorable test results. Had they been ready to go the application would have been in very quickly. Even given that; 8 weeks and they cannot get an application in. Why can't UHP submit an application? Brian Thom needs to provide answers. Can you say fiduciary responsibility?
Concur completely. This "leadership" is a complete failure.
Just what does this CEO do? There is little evidence that he can accomplish anything.
DO SOMETHING; LEAD, FOLLOW OR GET OUT OF THE WAY!.
GET YOUR JOB DONE OR RESIGN.
There is one primary task for this company; why can't you get it done??
Obviously no announcement; looks like someone needed cash or conversion of stock into salary.
Assuming no one could be this incompetent to not be able to flow an application; that points to another
problem they are attempting to resolve. Just a guess. Truly the gang that couldn't shoot straight.
Friday and another investment week about to wrap up and nothing announced (or accomplished?). Jan 19th; data in and they can commence writing the draft (nothing was done prior to this date?). Now 48 days and counting they must still be "working on the draft". The most important requirement in this company's history and they cannot marshal the resources; consultants; research scientists or other professionals of the trade to accomplish this task. The delays are not in days; not in weeks; not in months; but YEARS advancing into a decade. Does this Board of Directors do nothing? Is this task beyond your capabilities? Can anyone at UHP spell "management"?
IDENTIFY THE PROBLEM AND FIXIT!!! SUBMIT THE APPLICATION.
Well said Big Bob, many, many of us feel the same way.
The obvious has to be said; under Brian Thom's leadership nothing has been or is being accomplished to achieve the
most important goal facing this company.
Question: Does "White Lion" have any power to motivate this leadership?/
l
Jan 19,2024: "UHP will now compile these data and proceed with final drafting of the PMS documentation to be submitted......".
And here we are; no report of submission. Mind boggling that an action so important to the company cannot be promptly accomplished. Just what do these people do?? In the absence of other evidence; this team certainly appears to be inept.
Question now is just how long does it take to "proceed with final drafting of the PMA documentation".
Evidently; it is very complex as they cannot seem to "getr done".
What is the problem UEEC management? More "unanticipated delays"? You have made filing a government application into a "Mars Landing" expedition.
Really; nothing was done since the August 4th PR? Did you not anticipate positive results and have this ready to submit? Is it really "rocket science" to document a product? You appear inept and incompetent; show us you are not. DO SOMETHING; LEAD OR GET OUT OF THE WAY!
My thoughts were as others have voiced that this was the final documentation needed and common sense would have one believe that you insert this final requirement in your package and transmit via Estar where some degree of priority consideration supposedly exists. Really; it takes this long to "proceed with final drafting of the PMA documentation to be submitted"? It could be they are working their butts off trying to get this done; but so far there is no evidence that is the case. Enough of the Labor Pains; show us the Baby!
Hope you are right; one would think with the time they have had the "final drafting" would all be in place and
need only these testing results and hit the Estar button for submission. Can we expect them to be this proactive?
Market doesn't seem to be impressed.
Hope you are right; one would think with the time they have had the "final drafting" would all be in place and
need only these testing results and hit the Estar button for submission. Can we expect them to be this proactive?
Market doesn't seem to be impressed.
Concur. It stretches the imagination as to why competent people can not master the process of getting an application
accomplished and into the FDA. What really is the problem. Identify the problem and fix it.
TO UEEC: We are about to close the book on another calendar year: NOTHING TO REPORT?
1. File the PMA application.j
2. Communicate.
3. Or get out of the way and find someone who can. Your incompetence is showing.
After crashing the stock 80 percent or more; are they afraid to communicate their problems; or are they just plain
incompetent fools? Asking for friends.
And everyone should be demanding an explanation; "Why can't you get a PMA application into the FDA"?
The Board of Directors should give Thom a deadline; say 1/31/2024; file the PMA or file your RESIGNATION!
A constant drum beat should arise: File or be Fired.
Yes, even from Rodman; an apparent schill for Thom.
UEEC to Shareholders: Here is your Christmas Present; a nice lump of coal to warm your soul. Likely message from the Board of Directors and CEO. Nothing is too good for you; and Nothing is what you get. Hang in there; maybe in the next year or two something will be done; but of course there are NO ASSURANCES! Nevertheless; Merry Christmas from your Management Team.
This post was actually in response to the news that this "stellar" CEO actually had other employment with an investment firm. There is a correaltion between this news and the stock dropping from .28 to @ .23. That was the "good" judgement referenced. Strange that this is beyond some to comprehend.
Yes, I am a loser; about 800K in this position; and I own a significant amount of shares; in the 7 digits. You must be braindead to think that this CEO and management team do not deserve criticism in their inability to get a PMA filed. They need prodded; pushed; criticized; by any means necessary to accomplish
their duties. So you will stand by another year and watch paint dry? Their communication and actions are a travesty and reek of incompetence. Calling it like it is. If you cannot see this you might look in the mirror before denigrating others.
Well we can see at least one thing CEO Thom is good at; extremely poor judgement. Doesn't speak well of him or his abilities.
Well said.
Makes no sense to bail. A experienced person advised me that there is value in what they have approved
even if the PMA doesn't go.
I can understand Thom needing another job; I cannot understand why he wouldn't/couldn't complete the CEO
job for which he signed on for. Doesn't he have like 1.4 Milllion shares or so; that should seem like some motivation.
Wonder if this hasn't been a pie in the sky gig for him; part time lottery shot??
That sounds like the right question.
I do not know securities law but it seems like this whole board is complicit in this clear incompetence.
I have "only" been in this 3 years; but for three years this "carrot" of filing for the PMA; for continuous
calendar periods; it was always "we are getting close; need this; need that" but no assurances.
In three years an application cannot be properly filed with a government agency?
There is something so seriously wrong that is just does not compute.
I can understand why Thom would need another job; I cannot understand how an application process
is taking years. SHXT OR GET OFF THE POT!
Alarming if this is current on his employment; a CEO we are relying on to get an important requirement accomplished has another job. Probably why the sell off today. Who, if anyone is managing this operation? Not only is nothing getting done; Thom is sinking the ship as he bails. Nice work Thom; you are a real piece of business.
OR WHAT IS YOUR EXPLANATION MR. CEO?
YOU CAN'T COMMUNICATE?
HAVE YOU BEEN FIRED FROM UEEC?
WHAT IS GOING ON?
So true. With no communication coupled with absolutely NO results; one can only assume they have encountered obstacles beyond their ability to handle. Unless proven otherwise; this leadership and the partners they have chosen (paid) to accomplish the needed tasks have not demonstrated the capacity to get the job done. In most cases of "failure to perform" those responsible are fired; resigned; or voted out. Outside contractors are replaced.
This management team obviously has a vested interest to get an application underway.
Why it cannot be accomplished is simply mind boggling!
FIDUCIARY RESPONSIBILITY! ENOUGH SAID.
I have a friend; very large shareholder and retired from the medical field; he has called several times and left messages; none of which were responded to.
My guess is this board is the most reliable discussion board on this and many other companies and it is probably monitored by the company; at least periodically.
It may be one of the best venues to get our messages of dissatisfaction across.
UNTIL PROVEN OTHERWISE; THIS MANAGEMENT TEAM CAN ONLY BE RATED AS INEFFECTIVE AND INCOMPETENT! IT IS IMPOSSIBLE FOR INCOMPETENT PERSONNEL TO MEET THEIR FIDUCIARY RESPONSIBILITIES. LEAD, FOLLOW; OR GET OUT OF THE WAY. BEEN IN THIS FOR THREE YEARS NOW; AND THEY HAVE ALWAYS BEEN IN THE PROCESS OF SUBMITTING A PMA APPLICATION TO THE FDA. THEY MAY HAVE SUBMITTED ONE UNSUCCESSFULLY AS THEY MET WITH THE FDA ON JULY 13 AND IMPLIED WAS THE FDA GAVE THEM THE INSTRUCTIONS AS TO PROPER SUBMISSION.
WE ARE THEN TOLD ON THE OCTOBER 3RD RELEASE THAT UEEC WAS ACCEPTED FOR THEIR "FAST TRACK" AUTOMATED PROGRAM.
IF THIS IS "FAST TRACK" IT IS MIND BOGGLING. REALLY! WE ARE "RUNNING" THE RACE ON A WALKER.