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[Potse]

ECGI(.015)...ambulatory cardiac monitor.....

ECGI is involved in the cardiac monitoring market, and owns the worldwide marketing rights for NowCardio (ambulatory cardiac monitor). NowCardio has received marketing clearance from Health Canada, and the company was planning to file a 510(k) application sometime in late July/August 2016 for marketing in the United States. ECGI acquired National Cardiac Monitoring Center several months ago, and it will basically become the base for ECGI's operations inside the United States.

ECGI had been basing/churning around the 3-5 cent area, but has moved downward recently. I don't know whether this weakness is an indication that some negative news/development might be approaching, or whether it is simply some overhang working its way out of the stock. Possible negative news might involve an unresolved lawsuit, problems with the July acquisition of National Cardiac Monitoring Center, financing, etc., etc.

It might be a high-risk investment until the situation clarifies itself a little better, but these sub-2 cent prices look extremely attractive for entry/accumulation. IMO, absent anything overly negative coming this way, the stock probably should not be trading this low.

If ECGI has filed its 510(k) application for NowCardio according to its last guidance timetable, the company could receive United States marketing clearance for the device as early as the next month or two. I think once ECGI gets the 510(k) approval, you will probably see a significant increase in the amount of US-based media attention on the product/company.

Financings have been done at significantly higher prices. According to the CEO's August audio interview, the most recently announced financing ($300K) was being used to manufacture 1000 NowCardio devices. It is not widely-known by investors, but during the month of August the company placed job postings for CEO and CFO positions for National Cardiac Monitoring Center. Some of the job requirements for the CFO position included investor relations and SEC filings, so I would assume this person would also take over the CFO duties for ECGI.

Another potential sign that operational/marketing activity for NowCardio and ECGI could be taking a step forward is the job posting that Contex International Technologies made in Canada. Contex is the engineering firm that designed the NowCardio device for ECGI. Based on the job posting, it appears that Contex will be setting up a cardiac monitoring center in Canada (essentially a Canadian version of National Cardiac Monitoring Center)......

CanadasCareer.com - CONTEX is a rapidly growing business in Mississauga, ON. To accelerate the development of the continuing business and commercial area, in November 2016 CONTEX is likely to boost the number of employees and improve existing human resources. CONTEX opens job chance for CARDIOLOGY TECHNOLOGIST put in Mississauga, ON. This option has been opened at the beginning of November 2016 and will be closed on the end of the month. If you're enthusiastic about CARDIOLOGY TECHNOLOGIST, please read about the conditions and terms below......

Job Description

Reporting to the Chief Operating Officer, you will work in an interesting role of developing an ECG Monitoring Center. The job will initially be based on assisting the team to develop the infrastructure required to perform outsourced ECG interpretation. The position will then transition into a production role.

http://canadascareer.com/detail/4d438399b8c1f184/cardiology-technologist-contex-june-2016

ECGI website.....

http://www.eventcardiogroup.com/en/home/