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Bubba Dave

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Bubba Dave

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Saturday, 10/18/2014 6:06:14 PM

Saturday, October 18, 2014 6:06:14 PM

Post# of 4681
After SUIP merger with Event Cardio Group, the company may begin manufacturing Breast Cancer DTS (product rights owned by Life Medical Technologies (LMT)). But LMT (under long term guidance of board member Carol Fitzgerald, one time CEO) has lawsuits filed by creditors which it is trying to settle. If those lawsuits are settled, manufacturing can begin. If not, LMT may be bankrupt.

Lawsuits may be settled by giving SUIP stock to LMT creditors in the value of up to 2.5 million dollars worth of new stock. With a market cap under 1 million (550K on Oct 16), that seems like excessive dilution of SUIP stock.

Good stock, but don't buy right now.
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