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Re: stock_clerk post# 4301

Sunday, 12/21/2014 2:13:44 PM

Sunday, December 21, 2014 2:13:44 PM

Post# of 173319
WSU has a good vet school. It does little in terms of human medicine. U.W is the university in Wa, and for that matter the U.S. for cancer treatment. I doubt a resubmission anytime soon as the grant indicates the safety and efficacy of the technology is still in question. The grant is needed to do more research to try to convince FDA to let them resubmit. The propose of the funding was to get it ready for commercialization. If they didn't need more studies they wouldn't have diluted to two billion. When fda denied the 510(k) submission back to them in feb they were at 200 million shares. The grant was probably submitted end of sept (end of govt FY) and probably designed to address the information the FDA told them was missing (they had a face to face with FDA over the summer). My guess this was a Hail Mary to stay in business (hence no big insider buying until AFTER grant was granted). But the studies must be completed AND FDA has to say they are suficient befor resubmit all. Grant probably runs through end of sept then another meeting with FDA. I think dec 2015 is likely the earliest we see resubmission. In meantime its a flippers paradise for the next few days as you guys draw the suckers in before the next dilution in jan and mar.
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