Bio-AMD Inc. (fka BIAD)

[oldberkeley]

BIAD Really? Hired you say? ...The compensation would be required in the 10K by law wouldn't it? There is no compensation mentioned.

Of course there is.

In the latest 10K:

"In October 2014, the Company received an offer of a funding assistance award from Innovate UK, the UK’s Government supported innovation agency, in the amount of £23,326 ($36,655) for a “Proof of Market” report for our MIDS technology. A third party research company, Inventya Ltd., based in the UK, is leading an extensive market research project, working with us [bolding mine], into the potential for MIDS specifically into the cardiac marker POC testing market."

Inventya Ltd. is a private, for-profit business: they don't work for free. BIAD took the funding assistance award from Innovate UK and hired Inventya Ltd. to do market research.

This is a proper disclosure of a perfectly legal and common practice. Most companies advertise and do market research. Nothing wrong with it, I'm simply saying that it is what it is.