Nemaura Medical Inc (NMRD)

[iddrisw]

@think. I can understand that many long time investors in nmrd have suffered untold losses that it makes no difference to them staying the course to the very end even if that end means bankruptcy. But let’s call a spade a spade, I see a lot of confirmation bias going on here. Faz has been very deceptive every step of the way that I have to conclude that sugarBEAT is probably vaporware in the sense that it simply cannot do what they promised. The fact that sugarBEAT data has not been peer reviewed is a major red flag we all ignored all this while. This alone should have made nmrd not investable. Faz and nmrd must be hiding something. This device is probably at best good for pre diabetics or as a generic wearable and should be marketed as such. They need significant investment in r&d to achieve the accuracy levels acceptable to the diabetes market. I don’t see that happening. This company has more red flags than the Chinese communist party. They were very evasive at the EASD conference and the presentation did not look like a standard scientific paper. Their User experience “data” was telling too because it was not random users but THREE carefully selected close associates or employees of nmrd. This is unacceptable. FDA won’t accept this. The CE mark is just a smokescreen. Time to stop giving nmrd a pass and report this pos to the sec so they don’t replicate this fraud in the pinks. Time has caught up with Faz and the whole deck could collapse.