DarioHealth Corp (DRIO)

[Drewjamessb]

Rumor

Having finished a conversation with a very experienced trader I have hunch of what has happened and going to occur.

The lead investor is Dicilyon Consulting and Investment Ltd., an affiliate of Israeli investor David Edery. This investment firm is known for there due dilgence.

The rumor of that DRIO exes met with the FDA last weekend was a possible due diligence process of Dicilyon. Now no one knows when the approval will come through and they are saying spring 2015, but it is possible to ask for a review of submitted documents and to inquire if the FDA will ask to submit additional materials. Most circumstances the FDA will not give any sort of indication either way. However it was postive enough for Mr. Edery to say yes to the investment to move forward.

Also the two week time frame for the R/S also aligns with rumored next batch of FDA approvals on October 5th.

Another glucose meter not one that works with a smart phone was approved recently, they had submitted there paperwork only shortly earlier then DRIO did, and is in line with the FDA 9 month turn around.

I feel that longs will be very happy before the R/S and into the future. Good luck to all.