Though I agree, with the notion that its going to take about 2 quarters to see any real progress herein, I do continue to hold my shares and did double down from the R/Split pricing point. its going to be bad road conditions for DRIO until we get USA FDA Approval.
I am starting to think another reader company is coming in through the back door and 'influncing' FDA Foot Dragging. I would not like to be proven correct on this matter.
My reasoning, in the immediate above might be all-fluffing imagination . . . yet I do see that blood sample processing companies could be seeing a competitor (in DRIO portable mobile reader), they do not like. Be that s it may.
The real reason (I have) to continue holding my shares, is the potential market in 'other bodily fluids'.
The diabetic reader device, it the method that allows DRIO to get going on efficient production of such additional use devices. Environmental quick reading remote mobile devices and DOD, etc. readily offers DRIO additional market force and sales.
I sincerely believe DRIO is way smart enough to develop these other uses of their tech. Perhaps once they can demo some of these other uses for the reader tech, we shall note some funding from governmental sources? <---DRIO needs to go out and 'show-and-tell' their tech, to say National Guard Units, EMTs, and DOE and other state and federal entities . . . and get some feed-back. Evidence of this kind of effort can have a paper supportive addition to the FDA Approval Mulling. Donation some units and test strips and ask 'can we go out with your units, to see what you think of its field uses'(?) kind-of-thing.
Do a public service use-demo at a Grade School . . . get the parents involved and
school health officials. Get the local Media there too. Lots of folk of age do not think they have a need for even a free mobile phone . . . ask a local mobile phone seller company to come to the event. Write it up in a medical journal, with some results cluster graphs.
Emergency Responders would love to have the ability to rather quickly 'read' what an unconscious patient/customer has been exposed to and what'things' they have previously (to accident/injury/sickness) been involved with. Its clearly a matter of life-and-death. GET-THEIR-THOUGHTS
When the stock price dropped to about .10 after the R/split . . . that was quite discouraging for me (and other retail investors).
