Paradigm Medical Industries Inc. (PDMI)

[stervc]

PDMI CEO Update…

The CEO of PDMI, Stephen Davis, returned my phone call. It took a while, but he returned my call and after speaking to him, I understood why it took so long. He is very busy in bringing some huge value into PDMI. I am now convinced that he will do just that.

** The main topic of concern for me was whether or not the company had any intentions on doing a reverse split. The CEO told me that there will be no reverse split. He’s totally against it and always have been. He said that it’s nothing but a numbers game with changing the proportion of shares in relation to its price and only hurt the shareholders. We had a great discussion on this matter because that was my #1 fear thinking that the company might do a reverse split. I had to hear how he viewed such since the company had just done one a little while ago back in Dec 2008 right before he had taken over PDMI. I definitely brought that to his attention. He further explained to me that the previous reverse split was not his idea as he did not want to do it. He said that it was already in place under the old management’s tenure and that there was nothing he could do about it to stop it from happening. He again assured me that we will not have to worry about the company doing a reverse split here.

** We talked about their products that have already been approved by the FDA and he mentioned products that I told him that I had not seen the company make any announcements on for already being approved. He told me that he wants to include all of the approvals in this upcoming shareholder update that he will start to work on over this weekend. He said that he is expecting to receive the FDA approval for their ParaMax any day now which is going to revolutionize the glaucoma world. He was very very excited which really caught me off guard. I must admit that after talking to him, I got excited about his company too. The glaucoma market alone is estimated to reach $4 billion in 2010. He believes that they have the product that will capture the bulk of that market with their FDA approved ParaMax product:
http://96.30.12.13/execsumm/VU0609--Therapeutic%20Targets%20for%20Glaucoma.pdf

He started explaining to me some of the details, but I must admit, I wasn’t very focused at the time and I would not want to try to explain those details as how the ParaMax is going to work and capture the glaucoma market to keep from botching it up. I’ll go back and learn how later. He said people from the company are pressuring him to get an initial update out there to let shareholders know about everything that is going on. He told me that these are the best times of the company and that he and his team are very excited. He told me that they have a lot to announce. I think we should not take this as PRs to start coming out immediately every day though to be on the safe side. From our conversation, I took the first PR to be out maybe middle to late this coming week or even early the week after as a worst case scenario. I am confident that we will be getting a few of them over time.

** He told me that they are going to grow the company right this time. He said that the previous management was not managing the company correctly in the beginning and that because of how the old management had blown some huge financing, things were a little slow in getting back on track. He said again that things are coming along very well right now and they are back on track. I took that to mean that the company has either secured financing or is very confident in their plans for securing financing.

** He mentioned that he is very excited about what is happening with the growth of the company and that he was going to make those who are just trading the stock pay for not being an investor. He believes that we should be trading well into the pennies and he plans to get us there. I did not ask what his plan was as I already understood where he was coming from just from the flavor of our conversation. He spoke as if he is sitting on a trump card that he knows is going to smash all of those people day trading PDMI.

** He told me that the problem that hurt the previous management was that they didn’t have a major company involved to help them get to the next level. He told me that they have a few selections to choose from for bringing in a major company of which they definitely are bringing to the table as a partner. He said that they are being very selective to make sure it’s the right one from their choices of companies that wants in. He again reiterated that this was the big difference that the previous management was lacking which stopped the company from previously obtaining certain levels. He started talking about the ParaMax again and how it is going to take over the market for what it is bringing to the table with glaucoma and that this is only one of the reasons why these major companies want in. He told me that he is going to let them in, but he is being very selective in selecting the right one that will benefit the company the most to allow in first.

**When he called me, I was not in a place where I had time to really speak to him, but when he told me who he was, I made time (LOL). So, the call was kind of rushed with me not remembering all what I wanted to ask. I was not at all prepared for the call, but the above is what hit me the most to talk about and is what I received from him as an update. Anyone wanting to speak with the PDMI CEO should simply call the company’s number in the IBox below and wait for him to return your call:
http://investorshub.advfn.com/boards/board.aspx?board_id=4467

**Again, and in closing, he told me that he will ”start” to work on an update for us over the weekend that he wants to get out soon. He never gave me a date for when it will be coming, but it seemed like he was waiting on the ParaMax FDA approval that he was expecting to receive very soon before putting out this first PR. He said that he should be getting it any day now. He is very confident too that it will be approved as I am too as if you can see from within the IBox that they already have quite a few products already approved by the FDA so getting products approved by the FDA really should be seen as a norm for them as they appear to have the process down pack. Hopefully this update helps those current shareholders to continue remaining patient as I still think that PDMI will prove to be a solid investment for us all.

As a quick PDMI DD refresher, I think all should read the PDMI IBox above and click the audio within the PDMI link below:
http://www.stockshaven.com/a-renewed-sense-of-optimism-in-paradigm-medical-otcpdmi-pk/#more-677

v/r
Sterling