Monday, April 01, 2024 2:00:59 PM
The press release disclosing this was in February 2017. In the following months, Q2 of 2017, Zimmer Biomet paid a 2.5m payment for Certain R&D related expenses. For the longest time i thought the payment was a milestone payment for IP connected to the above testing. However Certain R&D payments are issued for acquiring IP for research purposes that will not be used for products in the future. Given Dr Pezzottis relationship with Zimmer Biomet id hedge to guess that Zimmer paid his research department. Only an investigation of the money trail will tell us for certain, but we know where the money likely ended up, as shown below.
My theory is simple, this 2.5m was paid for IP related to the testing that was disclosed in the February 2017 press release. The main issue ive ran into is that i do not know who Zimmer Biomet paid the 2.5m to. It certainly was not Sintx. This part is speculation but if something easily found out by those with the proper resources. It could have been paid to Dr. Pezzotti's research lab, Kyoto Institute itself where Dr Pezzotti works, or even University of Missouri where Dr Bal conducts his testing of Si3n4 based products for Sintx as he also has done work for Zimmer in the past. However the funds were not paid to Dr Bal as this was not disclosed. There would have had to be a middleman if the 2.5m paid by Zimmer Biomet was used by Dr. Bals investment company to loan to Sintx.
July 2017, Dr Bal, through his investment company, loaned Sintx the same amount, 2.5m for 10% interest. As the loan was done through Dr Bals investment company the 2.5m could have been from others than himself. As to which PERSON (individual or business entity) that received the 2.5m from Zimmer Biomet that may have used those funds to loan to Sintx via Dr Bal's investment company, i do not know for certain?
What the evidence suggests to me is that Zimmer Biomet paid an entity connected with this research and this entity loaned Sintx the 2.5m at 10% and warrants though Dr Bal's investment firm. Furthermore, this loan worked as a bridge to secure Sintx IP once Hercules loan was paid off as indicated in the above quote. This loan protected Sintx Core IP until about the time that CTL took over this role. If Zimmer Biomet is indeed a stakeholder as the evidence shows, it would certainly want to see Sintx IP protected from other entities. However for it to exert this sort of influence, it would need PERSONS connected to it that it could influence like Dr. Bal & Pezzotti and/or the institutions they are connected to.
Quote Sources
1. https://ir.sintx.com/news-events/press-releases/detail/95/amedica-announces-results-of-independent-femoral-head-wear
2. https://www.sec.gov/Archives/edgar/data/1136869/000156459017016390/zbh-10q_20170630.htm pg 57
3. https://www.sec.gov/Archives/edgar/data/1136869/000156459018003549/zbh-10k_20171231.htm pg 55
4. https://www.sec.gov/Archives/edgar/data/1269026/000149315217008482/form8-k.htm
Could it be that there is a strategy to distract people away from looking at the basic data?
Is all this an exercise to create more and more forum verbiage to drown out any serious discussion of evidence?
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