InvestorsHub Logo
Followers 118
Posts 9889
Boards Moderated 1
Alias Born 09/21/2016

Re: price_and_volume post# 7263

Monday, 03/11/2024 8:02:31 PM

Monday, March 11, 2024 8:02:31 PM

Post# of 7463
Yes....and I understand that you can not get your head around why it takes so long. The truth is...it really has not been that long.

This is from the FDA submission via Birmingham dated 2016:



https://classic.clinicaltrials.gov/ProvidedDocs/86/NCT03421886/Prot_001.pdf

They got FDA approval in May of 2020 while Covid was raging

They did a raise in 2021 and received USD3 Million

They started development of their GEN II

Then did another raise via the Novint merger and raised over USD5 Million

Then they initiated a Nasdaq listing

Still need MM's to file a form 211; still need the S-1 to be in EFFECT

Then they will consolidate and up list

When you are quoted via the OTC and those quotes are unsolicited...you got nothing. That is why there is no share volume..not to mention those that just want a quick trade and fear the consolidation.

*How long does it take for medical devices to reach approval status?

The time it takes to bring a new medical device to market averages three to seven years or more. This does not include the time required to realize insurance coverage, which can double the timeline. Drug approval can take even longer, averaging 12 years.



https://www.fusfoundation.org/posts/the-complex-ecosystem-of-a-medical-device-startup/

What has transpired since 2005? The Global fincial crisis of 2008, Covid in 2020...and now the Israeli war.

So, no...it certainly has not been sitting on a shelf..it has been moving this entire time. And the time frame has been pretty much spot on.