Wednesday, January 16, 2019 11:30:09 AM
Feb 2017 - Sonny discloses completion of 1 milestone (5mc wear testing) and beginning of the next milestone, 12mc testing. It was also disclosed that Zimmer was involved with said testing. We also know Sonnys research program is involved in this per his website.
Q2'17 (Apr-June) - Zimmer pays a miltestone payment of 2.5m.
July 2017 - 2.5m is loaned to Amedica by North Stadium Investments a company owned by Sonny. The loan was for the same amount as what Zimmer paid. Coincidence or did the funds comes from the milestone payment for his research team achieving an objective in hip/knee development?
Milestone achieved -> payment made -> loan created
disclosure laws, like all laws, come with exceptions and loopholes. Without knowing all the facts there is no way to know how disclosure is avoided. However evidence suggests it is done and it is done legally.
Madg continues to argue there is no way Sonnys research team is compensated because of lack of disclosure in the 10k. However Sonnys team is involved and i doubt they are doing so for free, research is not cheap.
Madg agrees Sintx is paying an external entity but he continues to insist its not Sonnys team due to nondisclosure. I doubt Sonny would entrust Si3N4 R&D to just anyone but a select trusted few.
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